Middle East ETF News Older than One Year
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
Israel's Delek Group Seeks Further International Expansion After Profit Jump
March 30, 2017--Delek Group, the largest player in Israel's emerging energy industry, reported positive earnings today reflecting progress for the overall energy sector in Israel.
Israeli Energy stocks comprise roughly 4% of the BueStar Israel Global Index, tracked by the NYSE-listed ISRA ETF as well as funds offered by Psagot and IBI in Israel.
Source: Zawya.com
UAE indices in tight range as volumes tumble
March 23, 2017--UAE indices traded sideways yesterday with lack of volumes as traders awaited the first quarter results from early April.
The Dubai Financial Market General Index closed 0.38 per cent lower at 3,461.43.
Source: Zawya.com
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