Middle East ETF News Older than One Year
Qatar strong, Saudi recovers, Egypt extends bull run
January 17, 2017--Qatar's stock market rose to a multi-month high on Tuesday in the heaviest volume since late November, buoyed by the banking sector, while firmer oil prices supported the rest of the Gulf and foreign investors bought up Egyptian shares.
Source: Zawya.com
Ten additional Biomed and Technology Companies to be Analyzed by Frost & Sullivan, the Global Consulting & Market Research Firm
January 17, 2017--Ten additional biomed and technology companies are joining TASE's analysis project.
The project, which now includes 20 companies, has been undertaken with the goal of raising investors' information level regarding both technology and biomed companies and the markets in which the companies operate, thus generating appropriate pricing and increasing the exposure for both domestic and foreign investors.
Source: TASE
Saudi Arabia starts work on nuclear programme
January 16, 2017--Saudi Arabia starts work on nuclear programme
Source: meed.com
Saudi to launch $30-50 billion renewable energy programme soon
January 16, 2017--Saudi Arabia will launch in coming weeks a renewable energy programme that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday.
Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few weeks start the first round of bidding for projects under the programme, which would produce 10 gigawatts of power.
Source: AMEInfo.com
Egypt to produce 2.4 mln tonnes of local sugar this year
January 16, 2017--Egypt plans to produce about 2.4 million tonnes of sugar in the coming season
Merchants were hoarding sugar stocks in reaction to to rising prices amid a shortage of foreign currency
Egypt consumes about 3 million tonnes of sugar per year
Egypt expects to produce about 2.4 million tonnes of sugar in the coming season, which is set to begin next month, state news MENA reported on Sunday.
Source: AMEInfo.com
The TASE Analysis Project Expands To Include 20 Companies: Ten additional Biomed And Technology Companies To Be Analyzed By Frost & Sullivan, The Global Consulting & Market Research Firm
January 15, 2017--The Tel Aviv Stock Exchange (TASE) announces that the changes regarding the shortening of trading halts will come into effect on 16 January 2017.
The TASE Board of Directors resolution shortens the duration of trading halts by 15 minutes, from 45 Minutes to 30 Minutes. A trading halt occurs when material information is released about a trading company, its controlling shareholders or its securities.
Source: TASE
Resources top performers on JSE this week
January 13, 2017--Share prices on the JSE have been heading upwards again after the customary profit-taking earlier in the day, with resources the best performing shares over the past week.
Source: Zawya.com
Saudi oil output drops under Opec quota close to 2 year low
January 12, 2017--Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its pledge to cut crude output in six months.
Source: FIN24
Turkish lira rebounds, Emerging stocks at 2-mth highs
January 12, 2017--The Turkish lira rebounded on Thursday as dollar weakness helped it move off record lows while emerging stocks rose to two-month highs, led by strong gains in Russia and some Asian bourses.
Source: Zawya.com
MIDEAST STOCKS-Saudi recovers on oil rebound, outperforms Gulf
January 12, 2017--Blue chips helped carry Saudi Arabia's stock index higher in early trade on Thursday after oil prices recovered overnight, but profit taking in large capital stocks weighed on other Gulf markets.
Source: Zawya.com
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