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Economy & Business News

• UAE crude output hit 2.58m bpd in December Gulfnews - 01/02/2012
• Oman eyeing big slice of global convention market Times of Oman - 01/02/2012
• Oman inflation expected to remain at moderate levels Times of Oman - 01/02/2012
• Abu Dhabi Aviation flying high with helicopters The National - 01/02/2012

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Market News

• Kuwait bourse ends day in red zone KUNA - 01/02/2012
• Kuwait Stock Exchange starts day in red KUNA - 01/02/2012
• UAE markets on the up as banking stocks set the pace The National - 01/02/2012
• Abu Dhabi and Dubai markets on a roll The National - 01/02/2012

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Company News

• NBAD : National Bank of Abu Dhabi sets slow pace The National - 01/02/2012
• EEC : Mobily, nine other providers,form Global Meeting Alliance Saudi Gazette - 01/02/2012
• ETISALAT : Nitaqat program building pressure on employers for speedy Saudization Arab News - 01/02/2012
• ETISALAT : Etisalat, du sign resource sharing deal Khaleej Times - 01/02/2012

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Forex News

• US dollar exchange rate settles at KD 0.277 KUNA - 01/02/2012
• Euro shaken by month-end flows, China PMI looms Guardian.co.uk - 01/02/2012
• US dollar exchange rate settles at KD 0.277 KUNA - 31/01/2012
• Euro firms on Greek debt hopes; dollar at 3-mth low vs yen Guardian.co.uk - 31/01/2012

• TABREED : Net profit announced for the year 2011, AED 182.7 million, an increase of 34%. 01/02/2012
• WAHA : Net profit announced for the year 2011, AED 155.31 million, a decrease of 38%. 01/02/2012
• NMDC : Net profit announced for the year 2011, AED 471.6 million, an increase of 4.4%. 31/01/2012
• NBAD : 30% cash dividend and 30% bonus shares announced for the year 2011. 31/01/2012

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• Qatar Telecom share recommended “Buy” by Rasmala Investment 31/01/2012
• Almarai share rated “Accumulate” by NBK Capital 29/01/2012
• Abu Dhabi Commercial Bank share rated “Accumulate” by NBK Capital 29/01/2012
• Vodafone Qatar share recommended “Hold” by Global Investment House 26/01/2012

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• Oman: Regulating real estate Oxford Business Group - 30/01/2012
• Kingdom gaining more clout in Islamic finance Mohamed H. Zakaria - Arab News - 30/01/2012
• IEA, OPEC foresee easing of world oil market in medium term Syed Rashid Husain - Arab News - 29/01/2012
• Kuwait oil industry and the cash surplus Kamel Al-Harami - Al Watan - 29/01/2012

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