Middle East ETF News Older than One Year
Mideast Stocks: Real estate props Dubai, most Gulf markets little changed
October 30, 2018--Dubai's blue-chip index rose sharply and marked its biggest intra-day gain in nearly three weeks, lifted by real estate and banks, while most major Gulf indexes dropped marginally on Tuesday.
The Dubai index added 1.1 percent, boosted by a near 3 percent gain in Emaar Properties and a 2.2 percent rise in Emirates NBD after it posted a double-digit jump in quarterly profit, led partly by higher net interest income.
Source: Zawya.com
Mideast Stocks: Saudi extends gain after earnings, banks weigh on Abu Dhabi
October 29, 2018--Saudi Arabia's stock index closed higher on Monday, aided by strong corporate earnings, while Abu Dhabi recovered some of its losses after opening at its lowest in two months.
Source: Zawya.com
Saudi Arabian stocks surge after Crown Prince Mohammed bin Salman addresses FII 2018
October 25, 2018--Saudi stocks surged on Thursday after Crown Prince Mohammed bin Salman addressed a global gathering of business chiefs in Riyadh.
The Tadawul gained 4.3 percent after the crown prince's appearance at the three-day Future Investment Initiative (FII), which concluded on Thursday.
Source: Zawya.com
Saudi crown prince expects economic growth of 2.5% in 2018
October 24, 2018--Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year.
Speaking at an investment conference in Riyadh, the crown prince also said he expected economic growth next year to be higher.
Source: Zawya.com
Saudi Tadawul chairwoman says 320 foreign institutions registered in stock market
October 23, 2018-- Some 320 foreign institutions have registered as qualified foreign investors in the Saudi stock market and 200 more are expected to register, the Saudi stock exchange chairwoman said on Tuesday.
Source: Zawya.com
Delayed state offering stalls Egypt's surging share sales
October 23, 2018--The Egyptian government's postponement of its share sales has raised concerns the budget deficit may widen this year and pushed private companies to delay their own share offerings.
Source: Zawya.com
Abu Dhabi Securities Exchange automates investor services
October 13, 2018--The Abu Dhabi Securities Exchange (ADX) has launched an integrated digital platform, Sahmi, which provides digital services for individual investors.
The platform was launched during the Gitex Technology Week 2018, in which ADX has a presence at the Abu Dhabi government pavilion.
Source: Zawya.com
Kuwait's Economic Outlook, October 2018
October 3, 2018--With hydrocarbons accounting for nearly half of GDP, the economy contracted by 3.5 percent in 2017 weighed down by OPEC related oil production cuts.
Overall, the oil sector contracted by 7.2 percent; however, growth in the non-oil sector held up at 2.2 percent, supported by a steady growth in household spending and higher government consumption spending.
Investment spending slowed during 2017, following a surge during 2016 when the government stepped up implementation of the five-year Development Plan
view the World Bank Kuwait's Economic Outlook, October 2018 report
Source: World Bank
Qatar's Economic Outlook-October 2018
October 3, 2018--GDP growth in 2017 slowed to 1.6 percent, the weakest in over two decades, mainly due to the diplomatic rift between GCC countries and Qatar, which culminated in the severing of trade and diplomatic ties in mid-2017.
Growth was also weighed down by fiscal consolidation efforts in response to lower oil prices. Quarterly data show the economy has successfully adjusted to the shock, with growth rising to 3.3 percent yoy in Q4 2017 (versus an average of 1 percent in the previous three).
Source: World Bank
United Arab Emirates: Economic Outlook-October 2018
The 2.5 percent contraction in hydrocarbon GDP was offset by non-hydrocarbon GDP growth of 1.9 percent. Petroleum production fell by 3.5 percent, and real growth in services dropped by 0.5 pp (real estate growth fell by 4.2 percent). On the demand side, a contraction in private consumption and slowdown in gross fixed investment were offset by a marked rebound in government consumption compared to 2016.
Real GDP growth is projected to rise to 2 percent in 2018 driven by a revised OPEC+ deal resulting in increased oil production and by a boost in the non-oil sector. view the World Bank UAE's Economic Outlook-October 2018 report
Source: World Bank
October 3, 2018--Real GDP growth in the UAE is estimated to have slowed considerably from 3.0 percent in 2016 to 0.8 percent in 2017.
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