Middle East ETF News Older than One Year
IMF-Taking Stock: Who Benefited from the Oil Price Shocks?
May 4, 2017--The effect that the recent decline in the price of oil has had on growth is far from clear, with many observers at odds to explain why it does not seem to have provided a significant boost to the world economy. This paper aims to address this puzzle by providing a systematic analysis of the effect of oil price shocks on growth for 72 countries comprising 92.8% of world GDP.
We find that, on net, shocks driving the oil price in 2015 shaved off 0.2 percentage points of growth for the median country in our sample, and 0.17 percentage points in GDP-weighted terms. While increases in oil supply and shocks to oil-specific demand actually boosted growth in 2015 (by about 0.2 and 0.4 percentage points, respectively), weak global demand more than offset these gains, reducing growth by 0.8 percentage points. Counterfactual simulations for the 72 countries in our sample underscore the importance of diversification, rather than low levels of openness, in shielding against negative shocks to the world economy.
view the IMF-IMF-Taking Stock: Who Benefited from the Oil Price Shocks?
Source: IMF
Saudi's SABIC slips after quarterly results, region sluggish as oil dips
May 2, 2016-- Shares in petrochemicals giant Saudi Basic Industries (SABIC) fell in early trade on Tuesday after the company reported first-quarter results, while most equities in the Gulf were sluggish as oil prices traded near five-week lows.
Source: Zawya.com
For Middle East and North Africa Region, Reforms Can Refuel Growth Engines
May 2, 2017-Growth is slightly improving in the countries of the Middle East and North Africa region, largely driven by higher oil prices and improved export prospects, says the IMF's latest regional economic assessment.
But civil conflict and high unemployment continue to weigh on the region's outlook.
IMF-view the Middle East and Central Asia Regional Outlook Reflecting Global Developments
Source: IMF
Qatar QSE hits 20-week low, sees $2.45bln erode
April 29, 2017--Domestic institutions played spoilsport in the Qatar Stock Exchange (QSE), which led it hit a 20-week low and capitalisation erode more than QR9bn this week.
About 67% of the traded stocks were in the red as the 20-stock Qatar Index shed 1.48% this week, which saw Industries Qatar (IQ) and Ooredoo report QR928mn and QR584mn net profit respectively in the first quarter (Q1) of this year.
Source: Zawya.com
Weak earnings may drag Qatar, du may fall on poor results
April 25, 2017--A disappointing set of quarterly earnings from two Qatari blue chips may weigh on the its index on Tuesday, while Dubai's largest listed telecommunications operator, du, may keep any gains in that market capped as its net income fell short of expectations.
Source: Zawya.com
This is why IMF slashed GCC growth forecasts
April 24, 2017--The International Monetary Fund (IMF) has downgraded 2017 growth forecasts for most GCC countries. The IMF revised its forecast for global growth for the first time in five years when its World Economic Outlook released last week.
The fund now expects the UAE.s economy to grow just 1.5 per cent this year (from a previous estimate of 2.5 per cent and down from an estimated 2.7 per cent growth in 2016).
Source: AMEInfo.com
MIDEAST STOCKS-Qatar may rise on strong QNB results; Zain Saudi in focus
March 12, 2017--Qatar National Bank, the largest bank in the region by assets, reported better than expected first-quarter earnings that will help lift its local bourse, while Zain Saudi shares may jump after it swung to a net profit in the first quarter.
Source: Zawya.com
Profits of listed companies on the Palestine Exchange grew 6% in 2016
April 10, 2017--The annual results disclosure period ended on the Palestine Exchange (PEX), 92% of listed companies were able to disclose within the set deadline, 82% were profitable in 2016.
Source: Palestine Exchange (PEX)
Good news: GCC stocks riding high this month
April 10, 2017--Abu Dhabi and Dubai were the best performing stocks in the MENA region with an increase of 3.9 per cent and 2.5 per cent.
Source: AMEInfo.com
Dubai index stages smart recovery in last hour of trade
March 30, 2017-Dubai index on Thursday staged a smart recovery in last hour of trade even as volumes jumped by more than a half.
Source: Zawya.com
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