Middle East ETF News Older than One Year
Mideast Stocks: Financials weigh on Saudi, blue chips gain in Egypt
May 26, 2019--Saudi Arabia's stock market fell sharply on Sunday, dragged down by the financial and petrochemical sectors, while Egypt's blue chips gained.
Saudi's index dropped 2%, with Saudi British Bank (SABB) 1060.SE falling 3.5%, Samba Financial Group , the Kingdom's third-largest bank by assets, shedding 3.4%, and National Commercial Bank, the country's largest lender, 3.3%.
Source: Zawya.com
IMF Staff Conclude Visit to Israel
May 24, 2019--Fiscal deficits are expected to rise in 2019 and coming years under current policies. The budget for 2020 will need to take revenue and spending measures to avert increases in public debt burdens and to facilitate reforms to boost growth.
The establishment of the Financial Stability Committee is welcome. Any new legislation on banking supervision should protect the operational independence of the supervisor to safeguard its effectiveness.
Faster productivity growth is needed to sustain Israel's robust economic performance, calling for a package of reforms to reduce regulatory red tape, enhance transport infrastructure, and upgrade education and training.
Source: IMF
MENA fund managers increase investments in Egypt, UAE: Poll
May 23, 2019-Middle Eastern funds plan to increase their investments in Egypt and the United Arab Emirates over the next three months.
Middle Eastern funds plan to increase their investments in Egypt and the United Arab Emirates over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll. view more
Source: Zawya.com
Mideast Stocks: Oil price fall weighs on Saudi while blue chips gain in Egypt
May 23, 2019--Saudi Arabia's stock market fell sharply on Thursday as banks and petrochemical shares dropped amid falling oil prices, while Egypt's blue-chip index closed higher.
Saudi's index dropped 1.4% with 10 of its 11 banks trading lower. Al Rajhi Bank shed 1.7% and Saudi Basic Industries 2010.SE fell 2.5%.
Source: Zawya.com
Mideast Stocks: Financials, property elevate Dubai, most of Gulf up
May 22, 2019--Dubai's stock market rose sharply on Wednesday, buoyed by financial and real estate shares, to lead gains in most major Gulf bourses.
Dubai's index closed 1.8% higher with all its real estate shares gaining. Blue-chip developer Emaar Properties added 2.6% and market heavyweight lender Emirates NBD was up 2.8%. view more
Source: Zawya.com
Mideast Stocks: Global rally lifts most of Gulf, blue-chips drag Qatar
May 21, 2019--Saudi Arabia's stock market rose sharply on Tuesday, leading gains in most major Gulf bourses amid a global rally after Washington temporarily eased trade restrictions imposed last week on China's Huawei. Qatar dropped on wide sell-off.
Source: Zawya.com
Mideast Stocks: Saudi slides on blue-chip weakness, Egypt hit by sell-off
May 20, 2019--Saudi Arabia's stock market slipped on Monday as investors cut positions in blue-chip stocks amid lingering uncertainty from regional tensions, while a wide sell-off pulled down Egypt's blue-chip share index.
Source: Zawya.com
Mideast Stocks: Property pulls down Dubai as most Gulf markets lower
May 19, 2019--Dubai's main index was down 1.5% in early trade
Dubai's stock market opened lower on Sunday, dragged down by property shares as most Gulf markets were weaker amid rising geopolitical tensions.
Dubai's main index was down 1.5% in early trade with Emaar Properties falling 3.8%.
Source: Zawya.com
Mideast Stocks: Banks propel Saudi, lender FAB drags Abu Dhabi
May 16, 2019--Saudi Arabia's stock market rose for a third straight session on Thursday, rebounding from recent sell-offs and ahead of MSCI inclusion later this month. Abu Dhabi was pressured by its top-lender.
Source: Zawya.com
Saudi Arabia: Staff Concluding Statement of the 2019 Article IV Mission
May 15, 2019--Economic reforms have started to yield positive results. Non-oil growth has picked-up, female labor force participation and employment have increased, the successful introduction of the value-added tax has underpinned an increase in non-oil fiscal revenues, energy price reforms have helped reduce per capita consumption of gasoline and electricity, measures have been introduced to compensate low and middle-income households for the higher costs resulting from reforms, and fiscal transparency has increased.
Reforms to the capital markets, legal framework, and business environment are progressing well. Challenges, however, remain. Government spending has risen, supporting growth but raising medium-term fiscal vulnerabilities to lower oil prices.
Source: IMF
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
