Middle East ETF News Older than One Year
With dollars scarce, Egypt's newly-floated pound weakens
November 7, 2016--Egypt abandoned currency peg to dollar last week
Shortage of dollars continues to pressure pound
Government urges Egyptians to shun black market
Egypt's pound weakened on Monday, its second day as a freely trading currency, and traders said they expected further declines as a severe dollar shortage in the banking system...
Source: AMEInfo.com
Egypt's private sector sank in October, pound float may spur growth
November 6, 2016--*PMI dropped to a 39-month low of 42.0 in October, from 46.3 in September
Job creation in the private sector fell the seventeenth consecutive month
Egypt's non-oil private sector growth slowed to its weakest rate in more than three years in October on the back of weakness of the Egyptian pound against...
Source: AMEInfo.com
Gulf single currency inevitable-Oman c.bank chief quoted
October 31, 2016--The creation of a single currency in the Gulf Arab region has become inevitable and is only a matter of time, the executive president of Oman's central bank was quoted as saying.
Oman is not one of the countries pushing for a common currency, but "serious measures" are being studied to achieve it, the Saudi
Source: AMEInfo.com
Dubai Financial Market nine-month profit drops 29 per cent
October 30, 2016--Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 22 per cent fall in third-quarter net profit on Sunday.
It made a net profit of AED35.4 million ($9.6 million) in the three months to September 30, down from AED45.4m a year earlier, it said in a statement. During the quarter, revenue reached
Source: AMEInfo.com
Gulf markets consolidate but Saudi banks continue rebound
October 30, 2016--Gulf stock markets consolidated in early trade on Sunday because of a lack of positive factors and sluggish global bourses, but Saudi Arabian banks continued to rally.
Source: AMEInfo.com
Gulf stock markets pull back, mild profit-taking in Saudi
October 26, 2016--Saudi index was down 0.3 per cent after 30 minutes of trade
Dubai's index dropped 0.4 per cent as Emaar Properties lost 0.9 per cent
Qatar slipped 0.2 per cent
Abu Dhabi's index rose 0.3 per cent, Most stock markets in the Gulf fell in early trade on Wednesday...
Source: AMEInfo.com
Weekly economic update: Little change in region's bourses
October 20, 2016--Global stock markets were choppy and ended the week as a disorderly lot.
Europe recorded some gain but elsewhere red ink prevails, especially in emerging markets.
Source: AMEInfo.com
Saudi Arabia concludes record bond sale
October 20, 2016--The kingdom has raised $17.5bn from debut international bond issuance.
Source: meed.com
Saudi shares fall on Q3 earnings, rest of region soft
October 17, 2016--Saudi index slips on disappointing third-quarter earnings. Alinma Bank, the most heavily traded stock, dropped 2.2 per cent Dubai stock index fell 0.6 per cent Abu Dhabi index slid 1.2 per cent Saudi Arabia's stock market fell in early trade on Monday after another set of disappointing third-quarter earnings.
Source: AMEInfo.com
IMF Country Report-Saudi Arabia: Selected Issues
October 13, 2016--FINANCING THE FISCAL
DEFICIT-POSSIBLE OPTIONS AND THEIR POTENTIAL IMPLICATIONS1
To meet large financing needs over the coming years, Saudi Arabia has
multiple financing options.
It can draw down the large stock of government deposits held at the central bank, sell other financial assets, or borrow domestically or abroad.
Source: IMF
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