Middle East ETF News Older than One Year
Gulf stock markets mostly firm, NBAD continues climb
Monday 20, 2016--Most Gulf stock markets were firm in early trade on Monday while National Bank of Abu Dhabi (NBAD) continued to surge in response to its merger talks with First Gulf Bank.
Shares in NBAD climbed 7.6 percent after surging their 15 per cent daily limit on Sunday, while FGB was down 2.7 per cent
Source: AMEInfo
M&A activity may support Gulf, rate hike hit Egypt
June 19, 2016--Larger-than-expected interest rate hike could weigh on Egypt.
Source: AMEinfo
MIDEAST STOCKS-Gulf mostly soft, revived Americana talks support Kuwait
June 16, 2016--Kharafi-linked shares gain on renewal of stake talks
Saudi's Dar Al Arkan rises in volatile trade
Saudi Electricity climbs for fifth straight session
Egypt snaps five-session losing streak before c.bank meeting
Dubai offers lowest valuation in Gulf
Gulf stock markets were mostly soft on Thursday after international bourses and oil markets slipped, but Kuwait's market was supported by renewed talks on the sale of a stake in a top food company. view more
Source: Zawya.com
Gulf may remain soft on oil, global shares
June 16, 2016--Stock markets in the Gulf look set to remain soft on Thursday after international bourses and oil markets slipped, partly because of fears that Britain might leave the European Union in next week's referendum.
Brent oil futures are trading at $48.57 per barrel, down 0.8 percent from their last close, while MSCI's broadest index...
Source: SEC.gov
Gulf mixed, Saudi firm after MSCI disappointment
June 15, 2016--Gulf stock markets were narrowly mixed in early trade on Wednesday with Saudi Arabia holding up despite disappointing news that MSCI did not put the country on a list for possible reclassification to emerging market status.
Source: AMEInfo
Economists split about Egypt's interest rate decision on Thursday
June 15, 2016--Six out of 11 economists in the Reuters poll expect the bank to hold rates while five expect a hike ranging from 25 basis points to a full percentage point.
Source: AMEInfo
Gulf may have weak bias before MSCI, Brexit decisions
June 14, 2016--Stock markets in the Gulf may trade with a weak bias before MSCI's decision on Tuesday evening on whether it will consider Saudi Arabia for inclusion in its emerging markets index, and before Britain's June 23 decision on whether to leave the European Union.
Source: AMEInfo
Report: Saudi cabinet approves land tax, foreign investment rules
June 14, 2016--Saudi Arabia's cabinet approved a tax on undeveloped urban land and rules allowing foreign investors to own 100 percent of retail and wholesale businesses, the official SPA news agency said on Monday.
Source: AMEInfo
Gulf retreats in early trade on oil, global stocks
June 12, 2016--Stock markets in the Gulf retreated in early trade on Sunday as investors booked profits in response to lower oil prices and a pull-back by international stock markets.
Source: AMEInfo
Saudi higher on housing plan, oil supports petchems
June 9, 2016--Saudi Arabia's stock index was headed for its fourth session of gains early Thursday after the housing ministry announced plans to build over one million homes, while oil's recent rally helped petrochemical shares.
Dar Al Arkan was on course for its third session of strong gains, with its shares climbing 4.2 percent.
Source:AMEInfo
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