Middle East ETF News Older than One Year
Fitch: Egypt's ratings stabilised but rapid recovery unlikely
February 13, 2014--Fitch Ratings says in a new report that Egypt's ratings have stabilised on tentative political and economic improvements, but rapid upgrades are unlikely.
In early January 2014 Fitch took Egypt's Long-Term Foreign-Currency rating off Negative Outlook for the first time since January 2011. Over this period Egypt's ratings were downgraded by a cumulative five notches.
Source: AME Info
Saudi Kayan results remain in the red, shares dip
February 12, 2014--The Tadawul All Share Index declined by 0.17 per cent to 8,859.20 points on Wednesday,, February 12.
Saudi Kayan Petrochemical Company lost 0.33 per cent, falling to SAR15.10. Earlier in the day, Saudi Kayan said that it recorded a net loss of SAR346.41 million ($93.53m) in 2013, representing an improvement of 55 per cent year...
Source: AME Info
Bahrain shares gain across the board
February 12, 2014--The Bahrain All Share Index added 0.15 per cent to 1,314.94 points on Wednesday, February 12.
Since January 1, the gauge gained 5.29 per cent. Khaleeji Commercial Bank soared 6.82 per cent to BD0.047, ending the session as the top gainer. As the lone loser, Aluminium Bahrain dipped 1.25 per cent to BD0.474.
Source: AME Info
Aldar shares dive, but full year-net profit up 67 per cent
February 12, 2014--The Abu Dhabi market index ADXGI fell by 0.16 per cent to 4,863.87 points on Wednesday, February 12. Aldar Properties, the biggest developer in the UAE capital, plummeted by 4.23 per cent to AED3.40.
Earlier in the day, Aldar said that its full-year net profit increased by 67 per cent year on year to AED2.25...
Source: AME Info
Dubai market's week-long gaining streak halted
February 12, 2014-The Dubai Financial General Index DFMGI closed 0.44 per cent lower at 4,047.35 points, on Wednesday,, February 12.
It was the first drop of the gauge in eight days. Arabtec was the most liquid share, diving 3.31 per cent to AED4.97. National General Insurance (NGI) closed unchanged at AED4.95. Earlier in the day, NGI said...
Source: AME Info
IMF Country Report-Israel: Selected Issues
February 12, 2014--THE HOUSING MARKET IN ISRAEL1
Property prices in Israel are currently about 25 percent above their equilibrium value, owing largely to
low mortgage interest rates and supply shortages. The risk of a sharp correction in house prices, while mitigated by the supply shortages, remains a concern and could have important macro-financial implications. To contain such risks, macroprudential policies should be
further tightened.
At the same time, concerted efforts should be made to alleviate supply-side constraints.
Developments in the Housing Market 1
Against the backdrop of low interest rates and supply shortages, house price increases
have been ranmpant. Nominal house prices have risen by 80 since 2007. In response to the global financial and Euro Area crises, the Bank of Israel (BoI) engaged in two rounds of monetary easing. The monetary stimulus supported economic growth, but it also boosted demand in the mortgage and housing markets.
view the IMF Country Report-Israel: Selected Issues
Source: IMF
Saudi Cement Company falls on slightly higher net income
February 11, 2014--The Tadawul All Share Index declined by 0.17 per cent to 8,859.20 points on Tuesday, February 11.
Saudi Cement Company closed 1.34 per cent lower at SAR110.75. Earlier in the day, the firm said in a filing to the exchange that its net profit amounted to SAR1.124 billion ($306.51m) in 2013, representing an uptick of ...
Source: AME Info
Bank Muscat accelerates exit from Indian broker firm
February 11, 2013--The Omani stock market index MSM lost 0.23 per cent to close at 7,143.28 points on Tuesday, February 11.
Bank Muscat declined by 1.17 per cent to RO0.676. The lender said in a filing, in line with earlier communication to the markets, that it has begun the process of exiting its investment in Mangal Keshav...
Source: AME Info
Banks and developers boost Qatar Exchange
February 11, 2014--The QE 20 Index added 0.50 per cent to 11,361.62 points on Tuesday, February 11. Qatar National Bank surged by 2.04 per cent to close at QAR185.10.
Its rival, Commercial Bank of Qatar, fell by four per cent to QAR70. Market bellwether Industries Qatar gained 0.75 per cent, reaching QAR175.30...
Source: AME Info
Abu Dhabi market rally halted
February 11, 2014--For the first time in five trading sessions, the Abu Dhabi market index ADXGI retreated, closing 0.50 per cent lower at 4,871.55 points on Tuesday, February 11.
The shares of Abu Dhabi National Takaful gained the most, edging up by 14 per cent to AED6.10. Dana Gas fell by 1.10 per cent to AED0.91. Aldar...
Source: AME Info
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