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GCC
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Industrial  -19.67 (-0.49%)
(19/Nov/2009) |
| Close |
4,051.23 |
| 52-week high |
4,776.79 |
| 52-week low |
3,074.68 |
| Volume |
18,828,489 |
| 50-day average volume |
23,010,603 |
| 1-month change |
-14.87 |
| 3-months change |
-9.68 |
| 12-month change |
5.47 |
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Related News
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UAE, Oman to keep dollar peg; IMF urges Gulf to stick on US currency
(Arab Times - 21/11/2009)
The United Arab Emirates has no plans to drop its peg from the US dollar, its central bank chief said on Friday, while the recent rise in the price of oil has pushed it above the bank’s internal forecasts. Dropping the dollar peg “is not for us”, UAE cent ...
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Asian Stocks Post Biggest Drop in Three Weeks on Japan Concerns
(Bloomberg - 21/11/2009)
Asian stocks fell this week, dragging the MSCI Asia Pacific Index to its biggest weekly decline in three amid Japanese share sales, while companies including Sony Corp. fueled profit concerns.
Mitsubishi UFJ Financial Group Inc. sank 7.3 perce ...
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Dollar peg has served Gulf states well, says Lipsky
(Gulf Times - 21/11/2009)
Gulf states’ dollar peg has served the region well and inflationary pressures haven’t returned, John Lipsky, the International Monetary Fund’s first deputy managing director, said.
“We do not see at this moment a resurgence of inflationary pressu ...
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Dubai International Capital to Offer Almatis Lenders 40% Stake
(Bloomberg - 21/11/2009)
Dubai International Capital LLC is offering junior lenders a 40 percent stake in Almatis, a maker of alumina products, in a debt-for-equity swap, according to two people familiar with the matter.
The private-equity investor, based in the Unite ...
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RAK takes share in Norway's DNO
(The National - 21/11/2009)
The UAE’s RAK Petroleum has become a significant shareholder of a Norwegian company pumping oil in Iraqi Kurdistan, but an offer to double its stake has been rebuffed.
RAK, a privately owned oil and gas company based in Ras al Khaimah, said yes ...
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ICICI to raise funds for overseas business
(Business Standard - 21/11/2009)
India’s largest private sector lender, ICICI Bank, is planning to raise funds for its overseas branches through five-year dollar-denominated senior unsecured notes issued through its Bahrain branch.
This bond issue, however, is not part of the ...
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US stocks take a hit
(thehindubusinessline - 21/11/2009)
US stocks slid on Thursday as another batch of economic data pointed to the fragility of the recovery and a brokerage’s opinion on the semiconductor sector hit technology shares.
The Dow Jones industrial average shed 93.87 points, or 0.9 per ce ...
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Rate of Return on Burj Dubai Just Below 10%, Alabbar Says
(Bloomberg - 21/11/2009)
The rate of return on the Burj Dubai, the world’s tallest skyscraper, is just below 10 percent, said Mohammed Alabbar, chairman of Emaar Properties PJSC. The building will push up surrounding property prices, he said at a conference in Dubai.
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Gulf corporate tax rates seen falling this year
(Trade Arabia - 21/11/2009)
The corporate tax rates in some GCC countries are falling this year, at a time when elsewhere in the world, governments are demanding more from businesses.
Many of the corporate tax trends seen elsewhere in the world are not necessarily applica ...
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Qatar crude drops as low profits discourage refiners
(Gulf Times - 21/11/2009)
Crude oils from Qatar, which last year sold all of its supplies to Asia, fell as low processing profits discouraged refiners from purchasing. Qatar Marine for January loading declined 3¢ to a premium of 10¢ a barrel against its official selling price, acc ...
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