News

Kuwait exchange outperforms regional rivals

The Kuwait Stock Exchange has ended 2019 as the top performer among Mena’s exchange indices finishing the year up more than 32.4%. Investor interest in Kuwaiti stocks was helped by the decision of index provider MSCI to upgrade its MSCI Kuwait Index from frontier to emerging market status. The announcement was made in mid-December and the move, which is expected to generate billions of dollars in investor inflow, will start in May 2020. Kuwait was also the only index in the region to beat the MSCI emerging markets benchmark which went up by 15% over the year. The Dubai bourse was the second best performer in the region with its index rising 9.3% over the year, despite a slump in real estate prices while the Saudi index closed 7.2% up for the year, Egypt’s index increased by 7.1% and Qatar’s index ended the year up by 1%. By contrast the Oman index fell for the third year in a row finishing 2019 down by 7.9% and close to a 15-year low. ©2020 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.