Middle East ETF News Older than One Year
Saudi Arabia Is Seeking Ways to Boost 4% Foreign Stock Ownership
February 26, 2017--Stock exchange seeking to secure first cross-listing by 2018
Counting on T+2 settlement cycle to attract foreign investors.
Saudi Arabia is seeking ways to boost foreign investment in its bourse, almost two years after easing access to the one of the world's most restricted exchanges.
< href="https://www.bloomberg.com/news/articles/2017-02-26/saudi-bourse-to-seek-cross-listings-to-boost-foreign-investment" TARGET="_blank">view more
Source: Bloomberg
MIDEAST STOCKS-Bank shares main drag on Gulf bourses on Fed minutes, range-bound oil
February 23, 2017-Bank shares were the main drag on most stock markets in the Gulf on Thursday on a lack of direction from the minutes of a U.S. Federal Reserve meeting that showed little support for a March rate rise and as oil traded in a range around $56.40 a barrel.
Source: Zawya.com
Dubai falls sharply as Arabtec slides, Egypt rebounds
February 21, 2017-- Dubai's stock market fell on Tuesday, breaking technical support as construction firm Arabtec continued to slide, while Egypt rebounded from a drop triggered by foreign investors' selling.
Source: Zawya.com
MIDEAST STOCKS-Higher dividends may aid Gulf bourses
February 20, 2017--Higher dividend payout recommendations from two major companies in the Gulf may help to support stock markets in the region on Monday in the absence of direction from global markets.
Source: Zawya.com
Tadawul prepares to list firms on alternative market
February 20, 2017-- Parallel Market will be formally launched on 26 February.
Source: meed.com
Banks support Saudi, Qatar while profit-taking weighs on UAE
February 19, 2017--Nine of the 12 listed banks on Saudi Arabia's bourse gained in the first 45 minutes of trade
In Qatar, the index rose 0.6 per cent
Dubai's index pulled back 0.5 per cent
Source: AMEInfo.com
Gulf shares may follow global markets higher; Egypt technically bearish
February 16, 2017--Upbeat global shares and steady crude oil prices may provide support to Gulf stock markets on Thursday, while Egypt's main index may face further downside after breaking technical support.
Source: AMEInfo.com
MIDEAST STOCKS-Disappointing corporate earnings may dampen UAE but award could boost Dana
February 14, 2017--Weak company earnings from the United Arab Emirates look set to dampen market performance there on Tuesday while an overnight fall in crude oil prices may restrain other regional markets. However, Abu Dhabi's Dana Gas may surge on news of an arbitration award.
Source: Zawya.com
Arabtec drags down Dubai index, local sugar revival boosts Egypt food makers
February 13, 2017--A slump in shares of Dubai's Arabtec dragged Dubai's stock market lower on Monday after the builder reported a larger fourth-quarter net loss, while other markets were mixed.
Source: Zawya
Islamic finance body drafts new standard for centralised sharia boards
January 9, 2017--A global body for Islamic finance has issued a draft standard on centralized sharia boards, aiming to improve corporate governance in the industry and increase the consumer appeal of sharia-compliant financial products.
