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GCC equities set to extend rallyGCC equities are forecast to generate moderate returns between 10 to 15 per cent in 2013, driven by an improvement in overall fundamentals, multiple re-rating and earnings growth, according to a new GCC Equity Markets Outlook report. More… |
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Morgan Stanley to trim Dubai staffMorgan Stanley, the sixth-largest US bank by assets, is trimming staff at its Dubai office, mainly by cutting jobs in its equities division, as part of a global plan to reduce costs, three sources aware of the matter said. More… |
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Bullish H1 2013 forecast for Mena equitiesThe first half of 2013 will be bullish for Mena equities and Saudi Arabia could be the value story next year with a strong equity market performance, according to a report. Due to a combination& More… |
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Gold heading for biggest monthly loss since MayGold tracked equities higher on Tuesday, but was heading for its biggest monthly loss since May, after disappointing corporate earnings prompted investors to sell holdings to cover losses in other markets hurt by global economic uncertainty. More… |
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GCC Islamic Market index up 2.3pcThe Dow Jones Islamic Market GCC Index, which measures the performance of Shari’ah-compliant stocks for five of the Gulf member states, registered a 2.3 per cent growth in August, said a report. These indexes were first intr More… |
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Gold inches up on equities; EU summit eyedGold tracked equities higher on Monday after falling more than 3 per cent last week, but gains could be limited by a steady US dollar and worries about deflation which could sap investors' interest in the precious metal. Inflation fears ha More… |
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Oil price fall a modest drag on Gulf equitiesA slide in global oil prices is weighing on stock markets in the Gulf, helping to push down heavyweight petrochemical shares, but stocks remain unlikely to enter longer-term downtrends, analysts say. Regional markets were hit hard this wee More… |
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Gulf GDP to grow over 4pc in 2012The combined GDP of the GCC region, which controls over 40 per cent of the global crude wealth, is expected to grow more than 4 per cent in 2012 with Qatar topping the list at 7 per cent, according to a new report. Saudi Arabia with More… |
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GCC equities poised for growthThis year should be a stronger one for GCC equity markets unless there is some major disaster, according to Anthony Mallis, the Securities & Investment Company (SICO) chief executive. Taking a positive attitude for the year ahead, Mall More… |
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BFX conventional trading goes liveThe Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Mena region, on Wednesday began live trading of its conventional segment. The BFX announcement comes following the successful launch of its Islamic division ( More… |
