Middle East ETF News Older than One Year
Mideast Growth Outlook to Improve Overall, Bold Reforms Still Needed
May 6, 2014--Oil exporters post solid non-oil growth, but need to strengthen budgets and diversify economies
Oil importers see tepid growth due to weak confidence, sociopolitical frictions, and conflict in Syria
Transition countries need bold reforms to spur growth and create well-paying jobs
May 6, 2014--Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) is expected to strengthen this year, but weak confidence and, in some cases, large public deficits continue to pose risks to this outlook, the IMF said in its latest regional assessment.
The IMF projects that growth in the region will average about 3¼ percent in 2014 as global conditions improve.
Source: IMF
ADX meets brokerage firms
May 6, 2014--Abu Dhabi Securities Exchange (ADX) held a meeting with a number of its licensed brokerage firms to discuss strategy and services that ADX provides to brokers.
ADX presented its strategic plan and briefed the attendees on its initiatives for 2014.
ADX chief executive Rashed Al Baloushi said: "We are delighted to meet with our brokers to help maintain the mechanism that ensures the quick and efficient execution of all procedures that involve the ADX and brokerage firms
Source: Zawya
Saudi market stabilises after hitting six-year high
May 6, 2014--The Riyadh-based Tadawul All Share index closed 0.03 per cent higher at 9, 744.12 points, amid neutral market breadth on Tuesday, May 6.
Saudi Basic Industries (SABIC), the market’s bellwether, added 0.03 per cent and closed at SAR118.75. Wataniya Insurance dived five per cent to SAR102.50. Saudi International Petrochemical Company, known as SIPCHEM...
Source: AME Info
Takaful operator Watania turns into profits
May 6, 2014--The Abu Dhabi market index (ADXGI) lost 0.89 per cent to reach 5, 045.68 points on Tuesday, May 6.
Abu Dhabi-based fish producer Asmak recorded the biggest advance, ending up by 9.20 per cent at AED7.00. National Takaful Company, also known as Watania, finished 1.80 per cent higher at AED1.14. Earlier in the day, the Islamic...
Source: AME Info
Air Arabia gains as carrier starts flying from RAK
May 6, 2014--The Dubai Financial Market General Index (DFMGI) gained for the fourth session straight, advancing by 0.80 per cent to 5, 374.11 points on Tuesday, May 6.
The gauge broke through the upper Bollinger band, usually signalling a trend reversal. Air Arabia was the share of the day, as the budget carrier from Sharjah closed 8.90 per
Source: AME Info
Qatar bourse dips after hitting all-time high
May 6, 2014--The Qatar market index (QE 20) lost by 0.33 per cent to hit 12,956.36 points on Tuesday, May 6.
Mazaya Qatar gained the most, ending up by 3.45 per cent at QAR20.69. Medicare recorded the biggest drop, finishing off 1.90 per cent lower at QAR88.
Source: AME Info
Khaleeji Commercial Bank seals MoU with Dadabhai Development
May 6, 2014--The Dubai Financial Market General Index (DFMGI) gained for the fourth session straight,advancing by 0.80 per cent to 5,374.11 points on Tuesday, May 6.
The gauge broke through the upper Bollinger band,usually signalling a trend reversal. Air Arabia was the share of the day,as the budget carrier from Sharjah closed 8.90 per...
Source: AME Info
Financials lead Dubai market higher
May 5, 2014--The Dubai Financial Market General Index (DFMGI) advanced by 1.60 per cent to 5,331.36 points on Monday, May 5.
Mashreq Bank and Dubai Islamic Bank gained the most, edging up by eight per cent and 6.28 per cent, respectively. Emaar failed to sustain upwards momentum and closed 1.44 per cent lower at AED10.30. Fourteen shares ...
Source: AME Info
Financials lead Bahrain bourse rally
May 5, 2014--The Bahrain All-Share Index closed 1.11 per cent higher at 1,455.50 points on Monday, May 5.
Insurance giant ARIG gained 10 per cent to hit $0.495. Arab Banking Corporation jumped by 6.94 per cent to $0.77. Ahli United Bank (AUB) finished even at $0.80. AUB revealed that, in the first quarter of 2014, its net ...
Source: AME Info
Saudi market rally halted
May 5, 2014--The GCC bellwether equity index Tadawul All Share closed 0.15 per cent lower at 9,740.83 points, amid neutral market breadth on Monday, May 5.
Saudi Basic Industries (SABIC), the world’s biggest producer of petrochemicals (and increasingly of metals), was the most active share in relation to turnover and finished down by 0.63 per cent at ...
Source: AME Info
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