Latest News

First Jordan sukuk issued
1 Apr 2011
Jordan, News, sukuk
Capital Investment & Brokerage and Jordan Ltd Co have issued Jordan’s first sukuk.
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HSBC launches Islamic securities services
1 Apr 2011
Islamic services, Launches, News
HSBC Securities Services and HSBC Amanah have launched a suite of Islamic services, including liquidity, risk management and Shariah-compliant investment solutions.
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S&P to launch two Mena indexes in 2011
29 Mar 2011
Index, Launches, News
S&P Indices is the latest in a spate of firms planning to launch Mena-focused indexes. The firm revealed to Mena FM that it will launch the first Organisation of Islamic Countries (OIC) Index and the first Union Arab Stock Exchange later this year.
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Fund managers bullish on Saudi amid Mena chaos
29 Mar 2011
News, oil, Saudi Arabia
In a series of interviews conducted throughout March, fund managers told Mena FM they are witnessing new opportunities for Saudi growth as a result of growing demand for oil and decisive government action.
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Egypt avoids MSCI downgrade
29 Mar 2011
Egypt, MSCI, News
Egypt’s stock exchange has avoided being downgraded from the MSCI Emerging Markets Index, but market volatility continues to threaten funds with Egypt exposure.
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Fund managers seek to quell redemption activity
29 Mar 2011
News, redemptions
Mena fund managers have been acting to contain investor redemptions due to fears of regional contagion in the wake of the ongoing political unrest.
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S&P plans ETF to open up Saudi market
29 Mar 2011
ETF, Launches, News
S&P Indices is planning to launch a Saudi exchange-traded fund (ETF) in partnership with a yet-to-be named Saudi-based multi-national bank.
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Swedish municipality eyes emerging market equities
29 Mar 2011
News, Searches
Swedish municipality Osby Kommun is set to increase its allocation to emerging markets, according to a senior member of the fund’s investment committee.
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Lloyd George plans frontier fund
29 Mar 2011
launch, News, Searches
UK-based fund manager Lloyd George Asset Management is preparing to launch a new frontier fund in Q3 of this year, Mena FM has learned.
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SBCERA to issue emerging market debt search
29 Mar 2011
News, Searches
The $5.7bn San Bernardino County Employees’ Retirement (SBCERA) will be adding to its emerging market debt portfolio in the second half of this year, EMFM has learned.
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EFG Hermes distances itself from Mubarak
29 Mar 2011
EFG-Hermes, Egypt, News
Egypt-based asset manager EFG Hermes has issued a statement distancing itself from the family of former Egyptian ruler Hosni Mubarak, following his removal from power in February.
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Investors still bullish on Mena equities
29 Mar 2011
equities, News
More than 43% of Mena-based investors foresee positive growth in the region’s equities markets in 2011 despite recent turmoil, according to a survey by CFA Emirates.
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