| Middle East ETP News |
| Tapping oil reserves 5 years away in Lebanon | |||
| May 15, 2012--Lebanon's water and energy minister, Gebran Bassil has said tapping oil reserves is around five years away, despite the progress made over the last two years, | |||
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| Saudi Tadawul index re-captures 7,100-level, Jadwa believes year-end 8,050 possible | |||
| May 15, 2012--The Saudi Stock Exchange's market measure TASI gained 0.51% Tuesday, closing at 7,104.24 points, as oil prices stabilised between $94-$95 per barrel (U. S. crude). | |||
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| Qatar bourse's index decline halted | |||
| May 15, 2012--The QE 20 Index Qatar Exchange ended Tuesday a four-day series of index losses by ending 0.03% higher at 8,491.32 points. | |||
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| Abu Dhabi market gauge closes flat the second day straight | |||
| May 15, 2012--The ADX General Index closed Tuesday trading unchanged at 2,473.32 points a 2,473.32, despite regional and global markets rebounding slightly. | |||
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| DP World shares jump, as global stock indexes rebound | |||
| May 15, 2012--The FTSE NASDAQ Dubai UAE 20 index closed Tuesday's session 1.95% higher at 1,605.8 points, ending an 11-day (!) losing streak. | |||
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| Last-minute-swing lifts Dubai bourse into the green | |||
| May 15, 2012--The Dubai market gauge DFMGI ended a roller coaster trading session 0.30% higher at 1,486.36 points Tuesday, halting a five-day losing streak. | |||
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| Tadawul bourse falls as Greece crisis escalates | |||
| May 15, 2012--The Saudi Stock Exchange' market measure closed 1.6% lower at 7,067.99 Monday, as oil prices remained under pressure amid increasing doubts that Greece will remain in the Euro zone. | |||
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| Etisalat advances halt Abu Dhabi market deline | |||
| May 14, 2012--After losing ground for three days straight, the ADX General Index closed flat at 2,473 Monday, as bellwether Etisalat added 0.60% to reach Dhs8.72. | |||
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| Qatar Exchange hits fourth day of losing streak | |||
| May 14, 2012--The QE 20 Index fell 0.55% to 8,489.10 points Monday, as stocks sank across the board. | |||
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| Bahrain Bourse consolidates at 1,160 points | |||
| May 10, 2012--The Bahrain All-Share Index closed unchanged at 1,160.08 points Thursday, as shares from the hospitality industry gained, | |||
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| Qatar Exchange slips deeper into the year-to-date red | |||
| May 10, 2012--The QE 20 Index declined 0.66% to 8,548.26 points, mostly due to losses in the banking and real estate segment. | |||
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| Taqa gains as energy giant earns 251% more in Q1 | |||
| May 10, 2012--The Abu Dhabi market ADX slipped 0.12% Thursday, finishing the week at 2,478.15 points. | |||
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| Market breadth improves as Dubai market defends 1,500-level | |||
| May 10, 2012--The Dubai Financial Market General Index closed 0.78% lower at 1,515.02 points Thursday. | |||
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| Bahrain Bourse consolidates at 1,160 points | |||
| May 10, 2012--The Bahrain All-Share Index closed unchanged at 1,160.08 points Thursday, as shares from the hospitality industry gained, while financial remained sluggish. | |||
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| Saudi ratings affirmed as sound by S&P | |||
| May 09, 2012--Saudi Arabia: Standard & Poor's Ratings Services has affirmed its long-and short-term foreign and local currency sovereign credit ratings on Saudi Arabia at 'AA-/A-1+' with 'Stable' outlook, Saudi Gazette has reported. | |||
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| Saudi Tadawul market hits 10-week low as Spain moves to take over troubled lender Bankia | |||
| May 09, 2012--The Saudi Arabian equity market gauge Tasi dived two percent to close at a 10-week low at 7,221.5 points Wednesday. Sabic, the petrochemicals bellwether, | |||
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| Etihad Rail MoU does not prevent DP World from falling further | |||
| May 09, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed the session on Wednesday at 1619.92 down 1.44%, from the previous close. | |||
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| After failing to crack 6,500-level, the Kuwait market index declines for the second day stright | |||
| May 09, 2012--The KSE Market slipped by half a percentage point Wednesday, closing at 6,451.5, as alll sectors with the exception of the banking segment, | |||
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| Waha Capital decline continues as first quarter profit dives | |||
| May 09, 2012--The Abu Dhabi market gauge ended off 0.20% at 2,481.13 points Wednesday only a handful financials bucked the regional and global downtrend. National Takaful Company, known as Watania, lost the most, closing down 9.82% to hit Dhs1.01. | |||
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| Dubai sell-out accelerates despite Arabtec's first quarter profit jump | |||
| May 09, 2012--Twenty-four out 25 traded shares lost at the DFM today, whose General Index dived 1.86% to close at an 11-week low at 1,526.94 poins Wednesday. | |||
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| Saudi market losing streak halted as pressure on oil price eases | |||
| May 08, 2012--The Saudi Tadawul All-Share Index closed 0.20% higher to hit 7,371.42 points. The value of the "black gold" stabilised Tuesday at around 97 U. S. dollars per barrel (U. S. crude) Shares of Saudia Dairy & Foodstuff Company or Sadafco gained 0.44%, finishing at SR57. | |||
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| Dubai Ports (DP) World fall to 6-week low | |||
| May 08, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed a quarter percent lower at 1643.65, as global maritime port | |||
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| Qatar's United Development Company gains, cancels position of Managing Director | |||
| May 08, 2012--The Doha-based Qatar Exchange (QE) 20 Index ended 0.20% higher at 8,666.51 points. | |||
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| Abu Dhabi Securities Exchange advances slightly | |||
| May 08, 2012--The ADX General Index closed at 2,489.69, as market heavyweight Etisalat advanced by a quarter percent to reach Dhs8.62. | |||
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| Dubai market rebound fails, EFG Hermes expects correction soon to be over | |||
| May 08, 2012--The Dubai Financial Market General Index (DFMGI) opened in the green but eventually lost steam and shed half a percentage point Tuesday, | |||
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| Tadawul market extends losing streak while market breadth improves | |||
| May 07, 2012--Saudi Arabia: In Riyadh, the Saudi Stock Exchange's benchmark measure Tasi closed 0.25% lower at 7,358.87 points as oil prices declined below $97 per barrel (U. S. crude). | |||
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| Tadawul market extends losing streak while market breadth improves | |||
| May 07, 2012--In Riyadh, the Saudi Stock Exchange's benchmark measure Tasi closed 0.25% lower at 7,358.87 points as oil prices declined below $97 per barrel (U. S. crude). | |||
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| Qatar Telecom dips slightly, Tunisia subsidiary scores 3G license | |||
| May 07, 2012--The Qatar Exchange 20 Index declined 0.38% to 8,651.76 points. Losses occured across all sectors without any clear direction visible among the segments. | |||
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| Batelco shares rebound further while market index stagnates | |||
| May 07, 2012--The Manama-based Bahrain All-Share Index dipped insignificantly Monday, closing at 1,161.43 points. | |||
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| Abu Dhabi exchange posts the fourth consecutive day loss | |||
| May 07, 2012--Contrary to Dubai, the ADX bourse saw no end in sluggish trading Monday, as its main gauge ADXGI ended off 0.30% at 2,487.84 points. | |||
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| Dubai market bounces back as Shuaa Capital soars | |||
| May 07, 2012--The Dubai Financial Market General Index (DFMGI) gained 0.25% Monday to close at 1,564.15, despite negative input from Asian and European stock exchanges. Investment bank Shuaa Capital jumped 6.21% to reach Dhs0.787. | |||
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| Egypt foreign reserves see first improvement since 2010 uprising | |||
| May 07, 2012--According to data by Egypt's central bank, the country's foreign reserves rose in April for the first time since December 2010, Reuters has reported. | |||
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| Batelco shares rebound further while market index stagnates | |||
| May 07, 2012--The Manama-based Bahrain All-Share Index dipped insignificantly Monday, closing at 1,161.43 points. | |||
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| Egyptian Exchange (EGX) Board Approves A Proposal To Exempt Companies From Listing Fees And Submit A Proposal To EFSA Concerning A Mechanism For Large Volume Deals | |||
| May 7, 2012--The Egyptian Exchange (EGX) board approved exemption of companies from the listing fees of the first time. This exemption is provided that companies finished all listing and offering procedures within a period not exceeding three months from 1/7/2012 to 30/9/2012. | |||
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| IMF working paper-Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa | |||
| May 7, 2012--Summary: This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on standard income level measures. | |||
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| DGCX Establishes New Monthly Volumes Record in April | |||
| Exchange registers 559,781 contracts in April, valued at $22.42 billion, a growth of 146% from April Exchange crosses 2 million mark in 82 trading days; Year-to-date volumes on DGCX exceeds 2.1 million contracts, a 131% rise from 2011 Indian Rupee Futures establish new monthly volumes record of 499,478 contracts in April New Copper Futures contract gets off to a good start with 15,582 contracts in the first seven trading days April 5, 2012--April volumes on the Dubai Gold and Commodities Exchange (DGCX) registered a 146% growth from the same month in 2011 to reach 559,781 contracts, | |||
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| UAE economy ministry considers bourse with 'easier' regulations code | |||
| May 05, 2012--The UAE economy ministry is considering setting up another market to list shares of private companies, Bloomberg has reported, citing a ministry document. | |||
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| FALCOM announce rebalancing of ETF Petrochemical Fund | |||
| April 4, 2011- Reference to The Saudi Stock Exchange (Tadawul) announcing the free float shares of the listed companies as of 28/04/1432 AH corresponding to 02/04/2011 AC. | |||
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| Saudi lender Banque Saudi Fransi mulls first dollar sukuk | |||
| May 03, 2012--Saudi Arabia's fifth-biggest lender by market capitalisation, Banque Saudi Fransi plans to issue its first dollar-denominated Islamic bond, depending on market conditions, and has selected banks to arrange investor meetings, Reuters has reported. | |||
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| Kuwait Stock Exchange advanced the fourth day straight | |||
| May 03, 2012--The KSE Makret Index added 0.60% to reach 6,479.1 Thursday, based on gains in the banking and real estate segment. | |||
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| Taqa receives approval for Bergermet Gas project | |||
| May 03, 2012--The ADX General Index slipped 0.16% to hit 2,501.44 points Thursday. While Etisalat, the UAE's first telecom firm, added slightly, real estate firms weighed o the gauge. Dana Gas closed unchanged, while Abu Dhabi National Energy or Taqa dived 2.50%. | |||
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| Dubai bourse extends losing streak for a seventh day | |||
| May 03, 2012--The DFM General Index fell 0.93% Thursday, closing at 1,582.09 points as sluggish share performances of Emaar (down 1.27%)and Arabtec (off 0.86%) were the most liquid shares. | |||
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| DP World shares decline the fourth session straight at NASDAQ Dubai | |||
| May 02, 2012--In line with the general sluggish trend at global and regional markets, shares of maritime port operator DP World declined 0.90% to $11.15 Wednesday. | |||
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| Qatar Exchange falls further after failed attack on 8,700 level | |||
| May 02, 2012--The QE 20 Index ended off 0.10% at 8,666.24 points Wednesday. Like at most GCC stock exchanges, trading activity remained lacklustre. | |||
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| Abu Dhabi stock market closes flat | |||
| May 02, 2012--The ADX General Index added 0.03% to reach 2,505.54 points Wednesday. | |||
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| Dubai market falls below 1,600 point, hits 10-week low | |||
| May 02, 2012--Selling pressure continued to drag the Dubai Financial Market down Wednesday, as the market measure DFMGI closed 1.64% lower at 1,596.92 points, the lowest leve since February 21 2012. | |||
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| Shares of DP World drop, shareholders approve dividend payout | |||
| May 01, 2012--The NASDAQ Dubai UAE 20 Index closed at 1683.26 Tuesday, off 0.64%, from the previous close. | |||
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| Sabic recovers territory, while Tadawul gauge remains in stutter mode | |||
| May 01, 2012--The Saudi Arabian Tadawul market index Tasi closed 0.17% lower at 7,545.28 Tuesday, as banks and real estate shares overall underperformed. | |||
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| Arkan Building Materials dive as Q1 profit plummets by a quarter | |||
| May 01, 2012--The Abu Dhabi bourse ADX added 0.04% to hit 2,504.78 Tuesady. National Bank of Fujairah or NBF topped the charts by gaining 9.76%. | |||
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| Dubai bourse declined for the fifth days straight | |||
| May 01, 2012--The Dubai Financial Market General Index (DFMGI) closed 0.46% lower at 1,623.52 points Tuesday. Arabtec Construction was the most liquied share, closing 2.35% higher at Dhs3.49. | |||
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| Saudi indices to be reintroduced, says MSCI | |||
| May 01, 2012--Global provider of investment decision support tools, MSCI has said it is to reintroduce coverage of the Saudi Arabia equity market with the release of standalone country indices. | |||
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| Saudi Tadawul market gains slightly, as index provider MSCI joins forces with bourse | |||
| April 30, 2012--The Saudi Arabian Tadawul Index added 0.04% to reach 7,558.47 Monday. | |||
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| Qtel shares upbeat on first quarter results | |||
| April 30, 2012--The QE 20 Index gained the third day straight Monday, closing 0.18% higher at 8.703.64 points. | |||
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| Kuwait Stock Exchange gains on real estate-- investment firms | |||
| April 30, 2012--The KSE Market Index ended a two-day siedways trends, advancing half a percentage point to reach 6,368.6 Monday. | |||
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| Taqa, developers weigh on Abu Dhabi bourse | |||
| April 30, 2012--The Abu Dhabi bourse's market measure ADX General Index closed off 0.33% Monday, at 2,503.82 points. Abu Dhabi National Energy Company or Taqa plummeted 3.20% to Dhs1.25. | |||
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| Positive corporate results fail to stop sluggish trading at Dubai market | |||
| April 30, 2012--The paradox situation of a fickle market despite good news from earnings season continued at the Dubai bourse DFM on Monday. | |||
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| NA Mergers and Acquisitions value drops 40% in Q1 2012 | |||
| April 26, 2012--According to Ernst and Young's MENA Mergers and Acquisitions update, the total value of mergers and acquisitions (M&As) announced in the Middle East and North Africa (MENA) | |||
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| Kuwait account surplus jumped 78% in 2011 | |||
| April 26, 2012--Kuwait's central bank said has said the country's current account surplus surged 78% in 2011, mainly due to a jump in exports, Reuters has reported. | |||
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| Bahrain gauges investors for non-imminent sovereign bond | |||
| April 26, 2012-Troubled by ongoing social unrest, Bahrain is testing whether it could attract investors into a potential sovereign bond sale, although the issuance is unlikely to be imminent, Reuters has reported, citing government and banking sources. | |||
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| Dubai Financial Market gains slightly over the week | |||
| April 26, 2012--The DFM General Index closed at 1,651.90 Thursday, down half a percentage point compared to Wednesday, but 13.65 points higher week-on-week. Losses at Arabtec Construction (off 0.55%) and district cooling specialist Tabreed (down 4.17%) weighed on the market. | |||
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| Abu Dhabi market slips despite rise in oil prices | |||
| April 26, 2012--A lackluster Abu Dhabi bourse saw the ADX General Index falling by 0.17% to 2.507.90 points Thursday. Blue chips like Etisalat (down insignificantly), energy giant Taqa (off 3.82%) and Aldar Properties (1.74% lower) weighed on the gauge. | |||
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| Batelco closes flat as first quarter profit decreases slightly | |||
| April 26, 2012--The Bahrain All Share Index dipped 0.20% Thursday, closing a sluggish week at 1,145.24 points. | |||
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| Emirates NBD shares dive as first quarter profit is reported | |||
| April 25, 2012--The Dubai bourse DFM fell 0.59% Wednesday, closing at 1,660.26, as Emaar (off 0.61% at Dhs3.28) and Tamweel (down 1.56% at Dhs1.26) weighed on the measure. | |||
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| Aldar Properties advance, announces launch of new village in Al Ain | |||
| April 25, 2012--The ADX General Index gained 0.28% to reach 2,512.19 points. | |||
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| Qatar Telecom adds slightly, announces details for capital increase | |||
| April 25, 2012--The QE 20 Index declined 0.13% to 8,652.87 points. Al Ahli Bank (up 2.79% at QR69.90) was the only lender which advanced. | |||
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| Kuwait Stock Exchange extends gains the fourth day | |||
| April 25, 2012--The KSE Market Index ended 0.14% higher at 6,336.5 points. Investment firm Manazel Holding posted the largest gain (up 11.36% at KD0.0245). | |||
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| Oil price advance helps Saudi market to rebound | |||
| April 25, 2012--The Riyadh bourse Tadawul saw its market gauging re-gaining 0.40% Wednesday, closing at 7,541.5 points. | |||
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| Gary Anderson Named New CEO of DGCX | |||
| Gary Anderson Named New CEO of DGCX
Dubai April 25, 2012--The Dubai Gold and Commodities Exchange (DGCX) today announced the appointment of Gary Anderson as its new Chief Executive Officer (CEO). | |||
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| Qtel denies 'immediate refinancing requirements', shares dip slightly | |||
| April 24, 2012--The Qatar Exchange 20 Index failed to benefit from the improved global sentiment Tuesday and fell 0.34% to 8,664.20 points. | |||
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| DP World shares recover, but remain stuck in the $11 to $12 range | |||
| April 24, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed at 1711.19 today, up 0.74%, from the previous close. | |||
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| Agility gains half a percent, files claim against U. S. Defense Logistics Agency Troop Support | |||
| April 24, 2012--The Kuwait Stock Exchange (KSE) Market Index closed unchanged at 6,327.60 Tuesday. | |||
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| Saudi Arabian Tadawul index declines on Europe, China and oil | |||
| April 23, 2012--The Saudi Stock Exchange saw it market gauge Tasi falling 0.74% Monday, closing at 7,525.17 points. | |||
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| Qatar National Bank dips, increases its stake in Iraq's Mansour Bank | |||
| April 23, 2012--The Doha-based Qatar Exchange (QE) 20 Index closed 0.11% lower at 8,693.43 points. | |||
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| Batelco share price rise halted at Bahrain Bourse | |||
| April 23, 2012--The Manama-based Bahrain All Share Index declined 0.47% to 1,151.26 points. Islamic investment bank Ithmaar was the only gaining stock (up 8.70% at $0.125). | |||
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| Abu Dhabi market advances slightly | |||
| April 23, 2012--The ADX General Index ended up 0.14% at 2,499.35 amid dull | |||
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| Dubai bourse returns to sluggish mode amid European woes | |||
| April 23, 2012--The DFM General Index fell 0.60% to 1,640.55 points Monday, as European markets retreated amid uncertainty over the outcome of France's presidential elections. | |||
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| Bahrain inflation increases to three-year high | |||
| April 21, 2012--Bahrain's inflation has climbed to a three-year high of 4.7% year-on-year in March, after prices dived a year ago amid social unrest, | |||
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| Arabtec, DFM slightly mitigate Emaar, Tamweel drop at Dubai bourse | |||
| April 19, 2012--The Dubai Financial Market General Index closed a quarter percentage point lower at 1,638.25 points. | |||
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| Gulf Pharmaceutical Industries (Julphar) rises on solid first quarter profit | |||
| April 19, 2012--The ADX General Index declined half a percentage point to hit 2,500.22 Thursday. | |||
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| Qatar Gas Transport Company (Nakilat) first quarter profit dips, shares dive | |||
| April 19, 2012--The QE 20 Index declined 0.90% to close at 8,638.92 points Thursday. | |||
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| Bahrain Bourse is GCC market of the week | |||
| April 19, 2012--The Bahrain All Share Index rose for the seventh consecutive trading session Thursday, closing half a percentage point higher at a three-week high at 1,159.30 points. | |||
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| Abu Dhabi bourse edges up by 0.32% on strong developers | |||
| April 18, 2012--The ADX General Index consolidated above 2,500 points Wednesday, closing at 2,513. | |||
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| Emaar Properties on the rise, while Dubai market remains sluggish | |||
| April 18, 2012--The DFM General Index closed at 1,642 (off 0.39%) Wednesday, as losses at Tamweel (down 9.50%) and Arabtec (3.34% lower) weighed on the gauge. | |||
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| Kuwait Stock Exchange gains half a percentage point on real estate firms, industrials | |||
| April 18, 2012--The KSE Market Index added 0.49% on Wednesday, ending at 6,268. Al-Aman Investment Co. advanced the most (up 9.6%). | |||
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| Bullish first quarter results boost Saudi Telecom share price | |||
| April 18, 2012--The Riyadh-based Tadawul All Share Index added 0.03% Wednesday, closing at 7,513.85 points. | |||
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| Bahrain Bourse outperforms GCC indexes as IIF forecasts 'brighter prospects in 2012' | |||
| April 18, 2012--Bahrain: The Bahrain All Share Index advanced the most in the GCC Wednesday, closing 0.84% higher at 1,153.68. Aluminium Bahrain posted the largest gain in Manama, ending up 3.50% at BD0.595. | |||
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| Saudi Arabia: Financial System Stability Assessment -Update | |||
| April 18, 2012--EXECUTIVE SUMMARY--Findings Saudi Arabia confronted the global financial crisis from a position of strength. In the years before the crisis, the authorities strengthened the balance sheet of the government and enhanced the financial sector's resilience. | |||
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| Saudi bond sales hit record this year | |||
| April 17, 2012--Saudi Arabia: EFG-Hermes Holding has said sukuk sales in Saudi Arabia rose to a record this year, as the government's $500bn spending plan encourages companies to raise funds to invest, | |||
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| Saudi Arabia' Mobily advances as first quarter net profit jumps 21% year-on-year | |||
| April 17, 2012--The Saudi Stock Exchange's market index Tasi slipped 0.96% to 7,277.89 points Monday. | |||
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| Dubai bourse decline halted, helped by Nakheel, Sabic figures and EU markets | |||
| April 17, 2012--The Dubai Financial Market General Index (DFMGI) ended roller coaster Tuesday flat at 1,649.14 points. | |||
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| Etisalat pushes Abu Dhabi market index back above 2,500 points | |||
| April 17, 2012--The ADX General Index closed 0.23% higher at 2,505.43 Tuesday. | |||
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| Doha Insurance shares close flat, despite Q1 profit increase | |||
| April 17, 2012--The Qatar Exchange saw its QE 20 market index falling by 0.16% to 8,713.27 points Tuesday. | |||
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| Bahrain Bourse advances the fourth trading session straight | |||
| April 17, 2012--The Bahrain All Share Index hit 1,144.10 points Tuesday, up half a percent from the previous session. | |||
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| Saudi stock market jumps 3.21% driven by Sabic earnings, rising oil prices | |||
| April 17, 2012--The Tadawul All Share Index or Tasi closed at 7,511.72 Tuesday, up 3.12% after the index chart touched the lower end of the Bollinger Bands the day before. | |||
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