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Countries in the Middle East with an Exchange


The exchanges in the Middle Eastern region are located in the countries of Bahrain, Cyprus, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, Turkey and the United Arab Emirates.


To learn more about which exchanges are in each country, click on a country link above to begin your search.




Overview of Middle Eastern Economics and Exchanges


The regions highest ranked gross domestic product (GDP) in 2016 was Turkey (17th globally) with a GDP of $858 billion. Ranked upon Purchasing Power Parity (PPP), Turkey (13th) also led the region with a PPP of $1.9 trillion.

While we cover Turkey in the the Middle East region, it could be considered part Eastern European due to the fact that the northwestern part of Turkey, which has 12% of the country's population, actually sits within Europe. Culturally, 98% of the population is Muslim, which aligns more with the Middle East and their market structure.

A young market, the Middle East is best known for producing and exporting oil but in addition to their influence in the energy sector, it is one of the world's fastest growing markets in the banking and capital markets sector.

During the past decade, more than $11.9b of investment capital in initial public offerings (IPO) has been raised in the Middle East and North Africa (MENA), led by the Kingdom of Saudi Arabia and Israel but all eyes are on the Saudi Arabian Oil Company, Aramco, which is expected to be the world’s largest IPO in 2018. These numbers do not include Turkey, which would make the total for investment capital much higher.

One of the more interesting facts about exchanges in the Middle East is that Turkey has over 100 commodity exchanges spread throughout the country.

Many exchanges in the Middle East are members of the Arab Federation of Exchanges. Some exchanges in the region also belong to the Federation of Euro-Asian Stock Exchanges (FEAS).




History of Exchanges in the Middle East


The exchanges in the Middle East are primarily young but the oldest major exchange may be the Borsa Istanbul, which dates back to 1866 when it was initially established as the Dersaadet Securities Exchange.

Other older exchanges include the Beirut Stock Exchange (1920), Tel Aviv Stock Exchange (1953) and the Tehran Stock Exchange (1967), all of which were established in the middle part of the 20th century.


Largest Exchanges in the Middle East


The largest exchange in the Middle East is the Saudi Stock Exchange (Tadawul), which finished 2016 with a market capitalization of $449 billion.

Other large exchanges in the Middle East include the Borsa Istanbul ($172b), Abu Dhabi Securities Exchange ($121b), Dubai Financial Market ($92b), Amman Stock Exchange ($25b) and the Muscat Securities Market ($23b).


Sources: World Federation of Exchanges, World Bank, Arab Federation of Exchanges, Federation of Euro-Asian Stock Exchanges, International Monetary Fund

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