Middle East ETF News Older than One Year
Oil exporters back in trouble- report
June 27, 2017--Oil demand growth has undershot expectations in H1 2017, removing support to oil prices just when the market needed it most.
Globally, demand expanded by just 900 thousand b/d in H1 2017. This paltry figure was followed by a modest acceleration to 1.1 million b/d in Q2. In essence, global oil demand ran at just half the growth rate of the last two years.
Source: AMEInfo.com
Israeli spy agency creates fund to invest in tech firms
June 27, 2017--Israel's Mossad spy agency is starting a fund to invest in technology firms creating products that could assist its work, including those involving robotics and encryption, the prime minister's office said Tuesday.
Source: phys.org
Saudi business cheers leadership shift, frets over reform, region
June 26, 2017-- The promotion of Saudi Arabia's top economic reformer to crown prince has cheered business leaders who believe it will open up new opportunities.
Source: Zawya.com
Arab states present demands to Qatar to end blockade
June 23, 2017--Doha has been given 10 days to comply with list of 13 demands handed over by Kuwait
Saudi Arabia, the UAE, Bahrain and Egypt have issued Qatar with a list of 13 demands that it must comply with within 10 days if it wants them to lift their diplomatic and economic blockade, according to news agency reports.
Source: Zawya.com
Markets lose faith in OPEC as oil falls deeper into bearish territory
June 22, 2017--The ongoing fall in oil prices has driven risk-off sentiments across all asset classes.
U.S. stocks closed mostly lower on Wednesday despite the unexpected rise in home resales.
Source: AMEInfo.com
Saudi extends rally on new crown prince, MSCI; foreign funds boost Doha
June 22, 2017-- Saudi Arabia's stock market extended on the previous session's rally on Thursday as investors focused on shares likely to benefit from economic reforms and from MSCI's decision while Qatar rebounded as foreign funds were net buyers.
Source: Zawya.com
"Unlawful" sukuk threaten Dubai's Islamic finance ambitions
June 21, 2017-- Dubai's ambitions to become a global hub for Islamic finance may have been dented by the decision of Dana Gas to declare $700 million of its Islamic bonds "unlawful", and thus suspend payments on the debt.
Source: Zawya.com
Islamic finance in 2018: slow growth is the new normal
June 20, 2017--S&P Global Ratings believes the Islamic finance industry will continue to expand this year, but lose some momentum in 2018.
The industry's assets reached $2 trillion at year-end 2016, slightly below our September forecast.
Source: AMEInfo.com
TASE Launches A New Index: The Tel-Bond-Global Index
June 18, 2017--The index will include bonds of foreign companies with no Israeli orientation, that are traded on the TASE
In its meeting on Thursday (June 15), the Tel Aviv Stock Exchange (TASE) Board of Directors approved the launch of a new index, Tel Bond-Global, based on shekel bonds of foreign companies traded on the TASE.
Source: TASE
Global Growth Bodes Well For Israel in 2H 2017 But Mid-June Tech Swoon is a Setback
June 16, 2017--Israeli Global Equities, as measured by BIGI(R), gained 2.65% in May and 13.42% in 2017 to-date. BIGI(R) outpaced US equities for the fifth month in a row, and has performed in-line with other Global Developed Market equities in 2017 to-date.
In May, the top performing Israeli stocks belonged to the consumer staples and energy sectors. Notably, BIGI(R) is also outperforming the MSCI Israel and TA-125 Indexes since the start of 2017 by 7.5 and 4.5 percentage points...
Source: Blue Star Indexes
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