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  • Source Overweights European Equities Despite Negative Sentiment

    Date 22/08/2016

    The Research team at Source favours European equities over those of the US and holds a maximum overweight to the Eurozone in the Source Multi-Asset Portfolio (a model portfolio).

  • Abu Dhabi Securities Exchange (ADX) Partakes In China Investment Conference 2016

    Date 22/08/2016

    • Al Balooshi: 7 Billion Dirhams of institutional and foreign investments in ADX during the first 6 months of 2016
    •  The United Arab Emirates (UAE) and China have exceptional relationships and the commercial exchange between the two nations exceeds 257 billion dirhams
    • The United Arab Emirates (UAE) is considered a key player in the implementation of the Chinese Silk Road Economic Belt initiative.
    • The Chinese investors’ trading activities in ADX have reached 600 million dirhams within a two year period.

  • US Federal Reserve Vice Chairman Stanley Fischer, At The "Program On The World Economy" A Conference Sponsored By The Aspen Institute, Aspen, Colorado, August 21, 2016, Remarks On The U.S. Economy

    Date 21/08/2016

    The Fed's dual mandate aims for maximum sustainable employment and an inflation rate of 2 percent, as measured by the price index for personal consumption expenditures (PCE). Employment has increased impressively over the past six years since its low point in early 2010, and the unemployment rate has hovered near 5 percent since August of last year, close to most estimates of the full-employment rate of unemployment. The economy has done less well in reaching the 2 percent inflation rate. Although total PCE inflation was less than 1 percent over the 12 months ending in June, core PCE inflation, at 1.6 percent, is within hailing distance of 2 percent--and the core consumer price index inflation rate is currently above 2 percent.

  • The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report By Nationality And Investor Type

    Date 21/08/2016

    The total value of shares traded for the week  ending 18 August 2016 amounted to SAR 15.05 billion, decreasing by 0.70% over the previous week; while total stock market capitalization reached SAR 1,444.50* billion at the end of this period, decreasing by 1.44% over the previous week.

  • Saudi Arabias's Capital Market Authority Announcement Regarding Obligating Entities Listed On The Saudi Stock Exchange To Disclose Their IFRS Transition Progress On Phases

    Date 21/08/2016

    Reference to the transition plan to adopt the International Financial Reporting  Standards (the "IFRS"), which were endorsed by the Saudi Organization for Certified Public Accountants ("SOCPA") , who had resolved for entities listed on the Saudi stock Exchange (the "Exchange") to implement the IFRS starting from 1/1/2017, and moving forward from the Capital Market Authority (the "Authority") role in regulating and monitoring the works and activities of parties subject to the control and supervision of the Authority, and regulating and monitoring the full disclosures of information regarding financial securities and their issuers, and for the purpose of getting  the necessary comfort regarding the preparation of IFRS financial statements by entities listed on the Exchange before the due date, and getting the necessary comfort regarding the extent of commitment of the listed entities to the IFRS convergence plan, the Authority announces the Board of Commissioners resolution which obligates listed entities to disclose their IFRS transition progress on phases as follows: