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Exodus from emerging currencies, stocksEquities in emerging markets slumped 2 percent to 11-month lows on Thursday and local currencies slid as investors piled into the relatively safe Japanese yen, driven by fears of future global central banks' More… |
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Oil steady at $103; equities balance high stocksBrent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market foreca More… |
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Mideast, Africa wealth jumps to $4.8trn in 2012Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in 2012, a study by the Boston Consulting Group (BCG) showed, as strong economies and rising equity markets fuelled regional gro More… |
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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… |
