Middle East ETF News Older than One Year
Saudi says financial deficit manageable as S&P downgrades kingdom's credit rating
November 1, 2015--The G20 nation, which saw a surplus of 7 per cent of GDP in 2013, will post a deficit of 16 per cent of GDP in 2015
Standard & Poors (S&P) cut Saudi Arabia's long-term foreign and local currency sovereign credit by one notch to 'A+/A-1' from 'AA-/A-1+'. - See more at: http://ameinfo.com/finance-and-economy/economy/economic-analysis/saudi-says-financial-deficit-manageable-as-sp-downgrades-kingdoms-credit-rating/#sthash.hT3vwmp2.dpuf" TARGET="_top">view more
Source: AME Info
Gulf markets rebound moderately, Q3 earnings aid Qatar
October 29, 2015--Gulf stock markets rebounded early on Thursday, helped by some better-than-expected corporate earnings from Qatar and a stabilisation of the Saudi market the previous day
after declining for several days.
Source: Zawya.com
Saudi stabilises after tumble on fiscal fears, Egypt moves little
October 28, 2015--Saudi Arabia's stock market stabilised early on Wednesday after a plunge on the previous day
because of fears that the government might tighten fiscal policy considerably.
Source: Zawya.com
Saudi Arabia Considers Launching IPO ETFs
October 28, 2015--The Saudi Stock Exchange is "interacting very closely" with Morgan Stanley Capital International (MSCI) on the inclusion in investment indices, according to Bloomberg.
It has been reported that Adel Saleh Al-Ghamdi, chief executive officer of the Saudi Stock Exchange, is considering the option of launching Initial Public Offering (IPO) ETFs in an attempt to stimulate foreign investor participation in the Saudi financial markets.
Source: emergingequity.org
Gulf mkts consolidate; Dubai real estate firms weak
October 27, 2015--Gulf stock markets consolidated in modest volumes early on Tuesday, dampened by weak oil prices
and global equities.
Source: Zawya.com
Planned stock listings in Abu Dhabi held back by conditions
October 26, 2015--New listings on the Abu Dhabi Securities Exchange may take a while until market conditions improve,
its chief executive said.
Source: Zawya.com
Gulf markets edge down on Saudi concerns
October 26, 2015--Gulf stock markets edged down in early trade on Monday as investors remain concerned about the outlook for the Saudi Arabian market,
where shares have been falling because of concern about next year's state budget.
Source: Zawya.com
Egyptian equities' investors look for a sign
October 25, 2015--Egyptian equities continued their downswing and extended their losses for the year, down
nearly 20 percent down on a year-to-date basis and 28.6 percent from their February peak.
Source: Zawya.com
Market edges up with inception of quarterly earnings-Report
October 23, 2015--The KSE Indices closed in positive as the market witnessed quarterly earnings announcements.
The KSE Index closed at 5,780.76 up 49.50 points as the index reported gains at the beginning of the week, the first three trading sessions recorded 73.66 points, an economic report said.
Source: KUNA
Gulf markets edge down amid oil worries
October 22, 2015--Gulf stocks edged down early on Thursday as worries about the impact of low oil prices on the region continued to deter fresh buying,
even in wealthy countries relatively well insulated from cheap oil such as the United Arab Emirates and Qatar.
Source: Zawya.com
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