Middle East ETF News Older than One Year
Mideast Stocks: Banks propel Saudi, lender FAB drags Abu Dhabi
May 16, 2019--Saudi Arabia's stock market rose for a third straight session on Thursday, rebounding from recent sell-offs and ahead of MSCI inclusion later this month. Abu Dhabi was pressured by its top-lender.
Source: Zawya.com
Saudi Arabia: Staff Concluding Statement of the 2019 Article IV Mission
May 15, 2019--Economic reforms have started to yield positive results. Non-oil growth has picked-up, female labor force participation and employment have increased, the successful introduction of the value-added tax has underpinned an increase in non-oil fiscal revenues, energy price reforms have helped reduce per capita consumption of gasoline and electricity, measures have been introduced to compensate low and middle-income households for the higher costs resulting from reforms, and fiscal transparency has increased.
Reforms to the capital markets, legal framework, and business environment are progressing well. Challenges, however, remain. Government spending has risen, supporting growth but raising medium-term fiscal vulnerabilities to lower oil prices.
Source: IMF
Mideast Stocks: Abu Dhabi down 3.6% in early trade, Dubai index rebounds
May 14, 2019--Dubai and Abu Dhabi stock markets suffered their biggest single-day decline in years on Monday after several commercial ships were attacked off the coast of the United Arab Emirates.
Source: Zawya.com
Mideast Stocks: Saudi market edges higher in choppy trade after drone attacks
May 14, 2019--Saudi Arabia's stock market was choppy on Tuesday after an announcement by the government on armed drones attacking oil pumping stations in Riyadh wiped out early gains.
Saudi stocks nudged higher, then went into reverse and closed up just 0.1 percent.
Source: Zawya.com
Dubai equities go from 'worst' to 'best' in a day
May 14, 2019--Tuesday was a day of fluctuating fortunes for the UAE and Gulf equity markets, as the news of Saudi Arabia's inclusion in MSCI cheered investors, but the geopolitical tension and attack on Saudi oil stations prompted a sell-off.
Source: Zawya.com
Mideast Stocks: UAE markets down on regional geopolitical tensions
May 13, 2019--The Dubai index was down 1.5% and Abu Dhabi's index was down 1.7% in early morning trade.
Stocks in the United Arab Emirates fell sharply in early trade on Monday amid rising geopolitical tensions after the UAE said that four commercial vessels were hit by sabotage near the emirate of Fujairah on Sunday.
Source: Zawya.com
Mideast Stocks: Saudi, Dubai stocks lead losses after tanker attacks
May 13, 2019--Saudi stocks suffered their biggest intraday decline since mid-October on Monday after Riyadh said two of its oil tankers were among those targeted in attacks on commercial vessels near United Arab Emirates.
Other Gulf markets were also in the red, with Dubai index plunging 2.8% and Abu Dhabi index falling by 2.5%.
Source: Zawya.com
Mideast Stocks: Trade tensions, weak oil pressure most major Gulf markets
May 9, 2019--The Abu Dhabi and Dubai stock markets dropped sharply on Thursday, affected by global trade tensions and falling oil prices, which sent most Middle Eastern bourses sliding.
The Abu Dhabi index fell 1.4 percent, declining for the sixth straight session, with Abu Dhabi National Hotels plunging 7.4 percent and Abu Dhabi Commercial Bank (ADCB) sliding 5 percent.
Source: Zawya.com
Mideast Stocks: Global trade tensions, Ramadan dent appetite for Gulf stocks
May 8, 2019--The Egyptian blue-chip index slid sharply to its worst day in six months on Wednesday, mirroring weak global sentiment, while Saudi Arabia's index fell, pressured by global tensions and investors retreating from markets during the Muslim holy month of Ramadan.
Source: Zawya.com
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