Middle East ETF News Older than One Year
Gulf Economic Monitor: Staying the Course on Reforms
November 27, 2018-- A sustained increase in oil prices over the past two years has driven an economic recovery in the Gulf Cooperation Council (GCC) countries. Economic growth for the GCC region is expected to reach 2% in 2018, up from negative 0.3 % in 2017, thanks in part to higher oil production and a slower pace of fiscal consolidation.
However, volatility in oil prices, manifest in recent sharp declines over the past month, and continued heavy dependence on energy sector, underscore the importance of staying the course of structural reforms.
view the World Bank Gulf Economic Monitor: Staying the Course on Reforms
Source: World Bank
Mideast Stocks-Saudi petchems lead Gulf lower on oil price tumble
November 25, 2018--Saudi Arabia's stock market led Gulf bourses lower early on Sunday after oil prices plunged nearly 8 percent at the end of last week because of intensifying fears of a supply glut.
Source: Zawya.com
Mideast Stocks: Qatar smarts from MSCI decision, Gulf mostly moves little
November 15, 2018--Qatar's stock market continued to suffer in early trade on Thursday from MSCI's decision to exclude two of its major stocks in a semi-annual index review, while the rest of the Gulf moved little.
Source: Zawya.com
Dubai Economy Tracker signals slowest growth since March '16
November 12, 2018--This report contains the latest release of data collected from a monthly survey of business conditions in the Dubai non-oil private sector. Sponsored by Emirates NBD and produced by IHS Markit, the survey provides an early indication of operating conditions in Dubai.
Summary
Whilst the latest data signaled an improvement in the health of Dubai's non-oil private sector, the rate of growth weakened to a 31-month low. Slower improvements in activity, new work and another contraction in employment contributed to the slowdown. Contrary to the general trend, the construction sector saw a stronger expansion in the latest survey.
Source: ameinfo.com
Mideast Stocks: Saudi stocks hit more than two-week low as weak oil prices weigh on Gulf
November 11, 2018--Saudi stocks slumped to their weakest level in more than two weeks on Sunday, hurt by the latest slump in oil prices, which also dragged most Gulf markets lower.
Source: ameinfo.com
Mideast Stocks: Banks lift Saudi index, most Gulf markets mixed
November 6, 2018--Saudi Arabia's stock market inched up on Tuesday buoyed by the banking sector, while real estate shares propped up Dubai's index and other regional Gulf markets were mixed.
Saudi Arabia's bourse was up 0.4 percent after half an hour of trading, with Al Khaleej Training and Education jumping 5.7 percent after its third-quarter revenue rose.
Source: Zawya.com
Mideast Stocks: Petrochemical firms weigh on Saudi, Most Gulf markets mixed
November 1, 2018--Saudi Arabia's stock market edged lower in quiet trading on Thursday, pressured by petrochemical and bank shares, while Dubai gained on the back of real estate stocks.
Source: Zawya.com
Saudi posts big decline in fiscal deficit in Q3 as oil revenues rise
October 31, 2018--Saudi Arabia on Wednesday reported a third-quarter fiscal deficit of 7.3 billion riyals ($1.95 billion), a big drop from the 48.7 billion riyals reported a year earlier thanks to a surge in oil revenues.
The latest deficit figure was close to the 7.36 billion riyals recorded in the second quarter.
Source: Zawya.com
Mideast Stocks: Saudi profits from corporate results, most Gulf markets inch up
October 21, 2018--Saudi Arabia's stock market rose on Wednesday, aided by strong corporate earnings, while market heavyweights Emaar Properties and Emirates NBD helped support Dubai's index.
The main Saudi index was up 0.6 percent, thanks in part to a nearly 8 percent jump in Lazurde Company For Jewelry after it posted a third quarter profit.
Source: Zawya.com
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