NBAD prepared for long haul on ETF fund-continued

March 1, 2012--Investors had little enthusiasm for National Bank of Abu Dhabi's exchange-traded fund (ETF) last year.
High expenses and a lack of appetite for the recently introduced OneShare Dow Jones UAE 25 ETF caused the investment vehicle to report a widened full-year loss of Dh3.06 million, from a loss of Dh726,974 the previous year. The fund was launched in April 2010.

read more

Source: The National


Middle East ETP News
UPDATE 1-Dubai stocks close down 7.0 pct as Gulf slides
August 23, 2015--Dubai's stock market suffered its biggest one-day fall since last December on Sunday as bourses across the Gulf tumbled, hit by further weakness in oil prices and the decision by Fitch Ratings to cut its outlook for Saudi Arabia's debt.
read more
Saudi stocks plunge on oil, Fitch outlook cut; Egypt slides
August 23, 2015--The main Saudi stock index was down 5.2 percent at 7,594 points after 20 minutes of trade, nearing major technical support at the December low of 7,226 points. This brought its losses so far this month to 16 percent.
read more
Fitch Ratings lowers outlook for Saudi Arabia to 'negative' from 'stable'
August 22, 2015--Fitch has lowered its outlook for Saudi Arabia to "negative" from "stable" on the back of lower oil prices and increased spending on infrastructure projects.
read more
MIDEAST STOCKS-Dubai tumbles 2.7 pct after oil hits new low
August 20, 2015--Dubai's stock market led losses in the Gulf early on Thursday after oil prices in the United States tumbled to their lowest level since 2009.
read more
MIDEAST STOCKS-Dubai extends rebound, other Gulf markets flat
August 18, 2015--Most Gulf stock markets were little changed in early trade on Tuesday as oil prices slipped further, though Dubai's bourse edged up, extending gains after it bounced off technical support in the previous session.
read more