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MIDEAST STOCKS-Disappointing corporate earnings may dampen UAE but award could boost Dana
February 14, 2017--Weak company earnings from the United Arab Emirates look set to dampen market performance there on Tuesday while an overnight fall in crude oil prices may restrain other regional markets. However, Abu Dhabi's Dana Gas may surge on news of an arbitration award.
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Arabtec drags down Dubai index, local sugar revival boosts Egypt food makers
February 13, 2017--A slump in shares of Dubai's Arabtec dragged Dubai's stock market lower on Monday after the builder reported a larger fourth-quarter net loss, while other markets were mixed.
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Islamic finance body drafts new standard for centralised sharia boards
January 9, 2017--A global body for Islamic finance has issued a draft standard on centralized sharia boards, aiming to improve corporate governance in the industry and increase the consumer appeal of sharia-compliant financial products.
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Global markets caught in a correlation breakdown
February 2, 2017--Morgan Stanley correlation index hits 14-year low
Regional, cross-asset correlations all down sharply
Trend highlights shift in focus away from central bank policy
Financial asset prices are moving in step less than at any time in more than a decade, as economic and monetary policies diverge and political risks grow around the world.
MIDEAST STOCKS-Gulf markets mostly soft in early trade; banks buoy Qatar
February 2, 2017--The central bank raised interest rates by three per cent on November 3, causing the pound to halve in value.
Egypt's currency peg and a decline in foreign investment and tourism after a 2011 uprising drained the central bank's foreign reserves
Gulf slips on weak global trend but Dubai's Aramex climbs on Q4 profit leap
January 30, 2017-- Major Gulf stock markets were weak in early trade on Monday in response to soft global equities and crude oil prices, although Dubai courier firm Aramex soared on a fourth-quarter earnings beat.
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Best performing Kuwait stocks extend near 3-week rally
January 29, 2017--The Kuwait index continuing its gaining streak for a third week on Sunday, leading regional gains.
The Kuwait Stock Exchange index. which has been the best performing Gulf gauge, closed 1.33 per cent higher at 6,943.24. Most of the other equity markets in the Gulf closed mixed with nominal gains and losses.
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Egypt may sell bonds in Japanese and Chinese currencies: FinMin
January 26, 2017--Egypt may sell bonds in Japanese yen and Chinese yuan after the country successfully raised $4 billion in its first foray into international capital markets since a currency devaluation took place on November 3rd.
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Dubai bourse sees risk on trades after Dow tops 20,000 level
January 26, 2017--The Dubai index rose on Thursday, recovering from the previous day's 1 per cen fall as upbeat sentiment from US markets made traders prone to risks.
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