Middle East ETF News Older than One Year
Mideast Stocks: Gulf moves sideways despite oil tumble, banks boost Egypt
December 26, 2018--Gulf stock markets largely moved sideways on Wednesday despite Brent oil's LCOc1 decline below $50 a barrel for the first time since July 2017, while Egypt's blue-chip index rose sharply, led by rebounding bank shares.
Source: Zawya.com
Mideast Stocks: Real estate hurts Dubai, all major Gulf markets fall
November 20, 2018--Real estate shares led Dubai stock market lower on Thursday, while all major Middle Eastern bourses fell with other global equity markets
Source: Zawya
Mideast Stocks: Banks drive Egypt gain, petrochemicals boost Saudi
December 17, 2018--A rebound in bank shares lifted Egypt's blue-chip stock index on Monday, while petrochemicals boosted Saudi Arabia's index.
The Egyptian blue-chip index was up 1.7 percent-about twice the rise of the broader EGX100 index-as the biggest bank, Commercial International Bank (COMI), increased 3.5 percent.
Source: Zawya.com
Mideast Stocks-Qatar gains on QAMCO debut, most Gulf markets fall
December 16, 2018--Gulf shares ended mostly lower on Sunday, hurt by a fall in global markets on Friday, but Qatar shares bucked the trend after a successful debut of Qatar Aluminium Manufacturing Co.
Source: Zawya.com
IMF-How Should GCC Countries Diversify Their Economies And Promote Inclusive Growth?
December 9, 2018--Recent volatility in oil prices underscore the need for the six countries in the Gulf Cooperation Council (GCC)-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates-to continue their reforms to diversify their economies and encourage strong, stable, and inclusive growth.
Two recent IMF papers examine how greater openness to trade and foreign investment and more developed and inclusive financial sectors can help attain these goals.
Source: IMF
Mideast Stocks: Dubai plummets to multi-year lows, oil trips up Saudi
December 6, 2018--Dubai's stock market plunged to its lowest level in more than five years on Thursday as real estate stocks continued to slide while weak oil prices pressured the Saudi market.
Source: Zawya.com
Mideast Stocks: Oil rally boosts Qatar, Saudi; Egypt hits one-year low
December 4, 2018--Qatar's stock market rose sharply on Monday and Saudi stocks gained, helped by a surge in oil prices, which boosted their banks and petrochemical stocks, while Egypt slumped to its lowest in a year.
Source: Zawya.com
Qatar to withdraw from OPEC and focus on gas exports
December 3, 2018--Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide.
Source: Zawya.com
Dubai stock market: Is this just another correction?
December 2, 2018--Much of the growth seen in 2018 is due to a big rise in state spending
For over 2 decades, Dubai has prospered as one of the fastest developing international cities, attracting people and capital from across the globe. In 2009, Dubai needed a $20 billion bailout from Abu Dhabi. Dubai's economy roared back and has grown by a third since then, buoyed by foreign trade, tourism and its status as the main regional hub for business services.
Source: Zawya.com
Dubai, Abu Dhabi stocks' yearly moves to diverge for first time
November 28, 2018--The fates of the two biggest stock gauges in the United Arab Emirates are set to diverge this year for the first time on record.
Abu Dhabi's ADX General Index has climbed almost 13% this year, putting it among the world’s best performers. Headed in the opposite direction, Dubai's main gauge has slumped 20% and is set for its worst annual performance in a decade.
Source: FIN24
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