Middle East ETP News-Exchangetradedfunds.com
Middle East ETP News
Indxx Global Digital Healthcare Index Licensed by KSM Mutual Funds Ltd. for an Index Tracking Fund
July 20, 2021--Indxx is pleased to announce the licensing of their Indxx Global Digital Healthcare Index to KSM Mutual Funds Ltd. The index will serve as the underlying benchmark for KSM KTF (4D) Indxx Global Digital Healthcare Dollar Hedge (Tel Aviv: 05133418).
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UAE Central Bank plans to roll out digital currency
July 13, 2021--When a central bank introduces a digital currency it is expected to support the industry as assets will back it.
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First Abu Dhabi Bank and State Street Announce Strategic Alliance
July 12, 2021--New Service Model Designed Specifically for Institutional Investors in the Middle East and North Africa
First Abu Dhabi Bank PJSC (FAB) and State Street Corporation (NYSE:STT) today announced a new strategic alliance that leverages FAB's regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), and State Street's global strength and capabilities.
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IMF Executive Board Concludes 2021 Article IV Consultation with Saudi Arabia
July 8, 2021--July 8, 2021--The Saudi economy entered the COVID-19-pandemic with strong policy buffers and reform momentum. The authorities responded quickly and decisively to the crisis with a range of fiscal, financial, and employment support programs that helped cushion the impact of the pandemic on the private sector.
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