Middle East ETF News Older than One Year
Mobilizing Resources to Restore Hope in the Middle East and North Africa Region
March 24, 2016--STORY HIGHLIGHTS
The World Bank Group is partnering with the United Nations and the Islamic Development Bank Group to develop the New Financing Initiative to Support the Middle East and North Africa (MENA) Region, which aims to provide urgent development support to MENA countries impacted by the Syrian refugee crisis, conflict, and economic instability.
The heads of the World Bank Group, the United Nations and the Islamic Development Bank Group are travelling together to the region to rally international support for the New Financing Initiative to Support the MENA Region, in advance of a high-level pledging conference that will be held in April 2016.
Source: World Bank
Gulf edges down; stocks going ex-dividend weigh
March 24, 2016--Gulf stock markets edged down in early trade on Thursday in line with soft oil prices and global bourses.
Markets may condolidate with firm bias
March 23, 2016--Stock markets in the Gulf may consolidate with a firm bias on Wednesday as the global environment remains modestly favorable, with Brent crude oil holding above USD41 a barrel.
Source: Zawya.com
Oil's leap may boost Gulf, Egypt's bullish
March 17, 2016--A leap of oil prices may boost Gulf stock markets, while Egypt may remain firm on positive sentiment after this week's currency devaluation, despite a looming interest rate hike.
Source: Zawya.com
Profit-taking continues in Gulf markets
March 16, 2016--Stock markets in the United Arab Emirates and Qatar fell in early trade on Wednesday in another day of profit-taking after strong gains since mid-February.
Source: Zawya.com
Gulf markets pull back in early trade as oil weakens
March 15, 2016--Stock markets in the United Arab Emirates and Qatar fell in early trade on Tuesday as some blue chips went ex-dividend and investors sold oil-linked shares.
Source: Zawya.com
Egypt just slashed the value of its currency by 13%
March 14, 2016--Egypt's state news agency says the central bank has devalued the pound to 8.85 pounds per U.S. dollar from a previous 7.73, a move taken amid a crippling dollar shortage.
Economists have said that Monday's devaluation was necessary to spare the treasury from spending desperately needed foreign currency to prop up the Egyptian pound.
Source: businessinsider.com
Gulf stock markets may consolidate as oil stalls
March 14, 2016--Stock markets in the Gulf may trade narrowly on Monday as long-term investors slowly rebuild positions.
Source: Zawya.com
Are we actually nearing an oil output freeze?
March 13, 2016--Iran has agreed to limit production but only after it boosts its levels to 4m barrels per month.
Source: AME Info
Dubai, Qatar slip; Abu Dhabi down on sell order backlog
Source: Zawya.com
March 10, 2016--Stock markets in Dubai and Qatar extended the previous day's losses in early trade on Thursday, while Abu Dhabi pulled back after poor weather forced the closure of the exchange on Wednesday.
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