The Middle East and Asia now command 30% of global financial assets. Those who fail to recognise this transformation risk missing the most significant realignment of global capital flows in a generation
emerging market
Latest in emerging market
bond market
India inclusion in JPMorgan Bond Index starts today, $25-30bn inflows expected
The South Asian country becomes the 25th market to be included in the index since its launch in June 2005
China
Qatar National Bank says growth in emerging markets to slow down amid global headwinds
Qatar National Bank expects emerging market growth to slow down in coming years
emerging market
India overtakes Taiwan to regain spot on MSCI EM Index
Taiwan led over India after Mumbai indices were rattled by the $150 billion wealth erosion in Adani Group shares late January
debt market
India bonds may figure in JPMorgan Index in 2024, says Pictet
Morgan Stanley estimated India’s inclusion into two out of three global bond indexes, including a JPMorgan developing market gauge, would drive $40 billion of inflows
China
Sovereign wealth funds favor India over China for emerging market debt, Invesco study
The study is based on the views of 142 chief investment officers, heads of asset classes, and senior portfolio strategists from 85 sovereign wealth funds and 57 central banks
Dubai Economic Agenda D33
UAE ranks first in Middle East for foreign direct investment confidence: Report
The UAE is expected to grow at a steady pace in 2023 and 2024
Abraaj downfall
Abraaj scandal: the world’s largest private equity insolvency
Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385 million, an amount significantly more than what prosecutors claimed.
Boursa Kuwait
Video: MSCI delays Kuwait’s emerging market upgrade due to Covid-19 pandemic
The Covid-19 pandemic has significantly impacted stock markets around the world. Amongst them is one of the oldest indexes in the Middle East, the Kuwait Stock Exchange.
Bank of America Merrill Lynch
BofA inverted-Yield report sounds alarm for Saudi, African debt
Bank of America Merrill Lynch Global Research said Saudi Arabia would require the largest adjustment to steady its debt
bond market
Gulf bonds have best month on record despite the oil slump
Money managers were drawn like never before to the Gulf region whose average sovereign credit rating is A+, on par with China, Chile and Ireland
emerging market
Why Kuwait’s stock market may be losing some of its sparkle
Some traders sound ready to take their money elsewhere despite Kuwait more gains than any other MEA stock market this year
Bond sale
Investors in Saudi markets cautious as a $20bn wave crests
The bulk of the estimated $20bn in inflows from Saudi Arabia’s ascension to two key developing-nation equity indexes would materialise by end-August, according to EFG-Hermes
Eid Holiday
Most Middle East markets rise as traders return to desks
Gauges in Saudi Arabia, Dubai, Kuwait, Bahrain, Oman and Egypt climbed following last week’s increase for the MSCI Emerging Markets Index
emerging market
MSCI adds Saudi to emerging-market indexes
MSCI said the Saudi stocks will join its indexes as of the close of trading on May 28
emerging market
Foreign investors again the main buyers of shares in Riyadh
Buying activity should escalate later this month, when MSCI follows FTSE Russell’s inclusion of the kingdom in its emerging-market benchmarks
emerging market
Saudi bourse chief says foreign investors will triple by 2022
Energy Minister Khalid Al-Falih said Saudi Aramco may access the equity markets ‘sooner than you think’
