Middle East ETF News Older than One Year
IMF Staff Country Report-Saudi Arabia: Selected Issues
August 24, 2018--FISCAL FRAMEWORKS AND FISCAL ANCHORS: THE EXPERIENCES IN COMMODITY EXPORTING COUNTRIES AND IMPLICATIONS FOR SAUDI ARABIA1
The implementation of fiscal policy in Saudi Arabia is undergoing significant change, but there is a
need to further deepen reforms and ingrain fiscal consolidation into a framework that reduces the
reliance of fiscal policy on volatile oil revenues and sets clearer medium-term fiscal objectives.
An important question is whether the introduction of a fiscal rule as in some other resource-rich countries could help in fiscal management in Saudi Arabia. This paper suggests that while the government should continue to work on clearly defining its fiscal policy objectives, at this stage the focus of reforms should be to continue to strengthen the fiscal framework rather than on introducing a formal fiscal rule. A fiscal rule is only as good as the institutions that support it.
view the IMF Staff Country Report-Saudi Arabia: Selected Issues
Source: IMF
Sovereign funds pull $5.7bln from global markets in Q2
August 21, 2018--Sovereign wealth funds (SWFs) pulled $5.7 billion from stock and bond strategies managed by external asset managers in the second quarter, data from research firm eVestment showed on Tuesday, as trade tensions rocked financial markets.
Source: Zawya.com
Adab launches first Islamic crypto exchange
August 19, 2018--UAE-based Adab Solutions recently created the First Islamic Crypto Exchange (FICE), Shariah compliant crypto exchange.
By adhering to the high moral requirements set forth by the Shariah community, the company will utilize the in-house Shariah Advisory Board to ensure that Islam is finally included in the global cryptocurrency market.
Source: tradearabia.com
The UAE, Saudi, finding spring in their economic prospects
August 13, 2018--Investors and residents can breathe easier now that the UAE and Saudi are projecting a more robust image of fiscal momentum, non-oil diversification and growth despite the catalyst coming from a rise in oil prices.
The numbers are encouraging
Zawya reported that the UAE and Kuwait are set to return to fiscal surpluses in 2018 on the back of financial windfall from the recovery in oil prices, while Saudi Arabia should post a modest deficit, Fitch analysts said.
Source: AME Info
MIDEAST STOCKS-Gulf stocks slide on volatile oil, property
August 9, 2018--Gulf stocks were mostly lower, as volatile oil prices hit petrochemical and energy firms in the Saudi market, while lower-than-expected earnings of property firm Aldar Properties weighed on the Abu Dhabi market.
Source: Zawya.com
August 9, 2018--MIDEAST STOCKS-Abu Dhabi hits four-year high, Saudi slips amid Canada row
August 9, 2018--Abu Dhabi's stockmarket touched four-year highs on Wednesday, helped by bank stocks, while Saudi Arabia's dipped amid a diplomatic row with Canada.
Source: Zawya.com
Canada's TMX says no plans for talks with Saudi Aramco over IPO
August 8, 2018--Canada's TMX Group Ltd said on Wednesday it had no plans for further talks with oil company Saudi Aramco about a partial listing on the Toronto Stock Exchange as part of what is expected to the world's largest initial public offering.
Source: Zawya.com
Markets monthly review: Middle East stocks enjoy buoyant July as Qatar, UAE lead gains
August 8, 2018--Middle East markets were broadly upbeat in July as Dubai's bourse rebounded following an early summer slump, Qatar extended its 2018 gains and Kuwaiti traders bought into the hype of a potential emerging market upgrade.
MIDEAST STOCKS-Gulf stocks open weak, Abu Dhabi eases after hitting 3-year high
August 7, 2018--The Abu Dhabi market eased from a three-year high on Tuesday on profit-taking and weakness in Aldar Properties as its quarterly earnings slumped, while Qatari stocks were lacklustre as banks lost ground.
Abu Dhabi's index was down 0.2 percent, after hitting its highest level since late July 2015 on Monday.
Source: Zawya.com
MIDEAST STOCKS-Energy stocks lift Abu Dhabi, Saudi, Qatar flat
August 6, 2018--Firm oil prices boosted energy shares in the Abu Dhabi market and financials boosted Kuwaiti stocks on Monday, however the Gulf's two star performers, Saudi and Qatari stocks, were little changed in the absence of major corporate or economic news.
Source: Zawya.com
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