Middle East ETF News Older than One Year
MIDEAST STOCKS-Banks boost Saudi on Riyad earnings, Dubai's DSI jumps
October 19, 2017--Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai.
Source: AMEInfo.com
Middle East inbound M&A deals hit all-time high
October 19, 2017--The value of transactions involving overseas corporates buying stakes in Middle Eastern companies reached an all-time high of $7.3 billion during the nine months to September 30, according to new data released by Thomson Reuters on Wednesday.
Source: AMEInfo.com
MIDEAST STOCKS-Banks boost Saudi on Riyad earnings, Dubai's DSI jumps
October 19, 2017--Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai.
Source: Zawya.com
Middle Eastern debt boom continues
October 18, 2017--The Oil and Gas Holding Company B.S.C., which is fully owned by the kingdom of Bahrain, has sold $1bn of bonds as a rush of unprecedented capital markets borrowing from the Middle Eastern region continues.
The bond came at a yield of 7.5 per cent, and included a special clause which allowed investors to recoup their money at par if the government "ceases to own 100% of the issuer".
Source: FT.com
Mideast stocks: Gulf marginally firmer in early trade
October 15, 2017-- Gulf stock markets were marginally firmer in early trade on Sunday with most Saudi Arabian insurance company shares continuing to rebound from sharp losses last week.
The main Saudi stock index.TASI edged up 0.02 percent in the first hour. Amana Insurance, which had plunged 14.9 percent last week on expectations for a shakeout in the sector caused by tougher regulation, surged 6.6 percent.
Source: Zawya.com
Signs of Economic Recovery in Middle East and North Africa But Growth Still Impacted by Instability
October 11, 2017--New World Bank report identifies factors influencing the region's medium to long term growth
Despite a growth slowdown in 2017 at 2.1 percent, economic prospects in the Middle East and North Africa (MENA) region are projected to improve in 2018 and 2019 with growth exceeding 3 percent according to the new World Bank MENA Economic Monitor titled "Refugee Crisis in MENA, Meeting the Development Challenge."
Both MENA's oil exporters and oil importers will benefit from a steady improvement in global growth; increased trade with Europe and Asia; more stable commodity markets, especially oil; and reforms undertaken in some of the countries in the region.
view the MENA Economic Monitor, October 2017: Refugees in MENA, Meeting the Development Challenge
Source: World Bank
BlueStar Indexes Israel Equity Review & Outlook-Israeli Tech Stocks Continue to Surge, Outpacing US Tech Sector in 2017
October 11, 2017--Israeli Tech Stocks Continue to Surge, Outpacing US Tech Sector in 2017; Strong Fiscal Position Creates New Opportunity for Israel's Economy and Markets
In September, Israeli Global Equities, as measured by the BIGI(R) index and tracked by the VanEck Vectors Israel ETF (NYSE: ISRA), rebounded sharply from August's Teva-driven 6.32% loss.
September's 4.95% gain placed Israeli stocks ahead of leading global equity benchmarks: the S&P 500 gained 2.65%, MSCI EAFE gained 3.14% and MSCI EM posted a small loss of -0.35%.
Source: BlueStar Indexes(R)
Dubai breaks another record in the region
October 9, 2017--Countries all over the world are opting for e-government services, in order to facilitate procedures for their citizens and attract investors by simplifying processes and making government information more accessible.
Source: Ameinfo.com
MIDEAST STOCKS-Gulf soft in early trade; Saudi insurer Metlife surges
Source: Zawya.com
2018 will be the year for cryptocurrency in UAE
Source: AMEInfo.com
September 5, 2017--Stock markets in the Gulf were mostly weak in early trade on Thursday with individual stocks reacting to company-specific news in Saudi Arabia, while Qatar continued to decline from a five-year low.
October 4, 2017--Has the UAE entered the cryptocurrency market yet? Yes and no.
What's for sure is that cryptocurrencies are a rising star aiming to rival classical monetary systems and a growing threat to printed currency.
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