IFC takes the lead
(Mushtak Parker - Arab News - 02/11/2009)
Middle East countries including Saudi Arabia, Jordan, Turkey, Iran, Egypt and even Libya have all shied away from raising funds from the Islamic capital market through a debut sukuk issuance citing current market conditions or surplus liquidity as reason...
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Saudi Arabia’s pharmaceutical market attracts multinationals
(Saudi Gazette - 01/11/2009)
The Saudi Arabian pharmaceutical sector is becoming increasingly attractive for multinationals to enter, driven by the expansion of private healthcare and altering patient demographics and also for domestic generics companies as the government looks to e...
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Asia looks enticing to Gulf investors
(Asa Fitch - The National - 31/10/2009)
The Kuwait China Investment Company (KCIC) is one of a number of firms in the Gulf seeking to build commercial and financial bonds between the Middle East and Asia, preparing to profit from a rise in consumer spending there as global economies recover.
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A real appetite for the mystery of DP World
(Frank Kane - The National - 31/10/2009)
Despite laudable efforts at transparency in its investor and public relations, there is still a fog of uncertainty surrounding DP World. This is not so much in terms of its own affairs – the ports and shipping business quoted on Nasdaq Dubai has arguably...
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Gulf stock markets brace for correction
(Uta Harnischfeger&Tom Arnold -The National - 31/10/2009)
Stock markets fell the most in two months on Thursday as a global sell-off was made worse by a host of quarterly profit declines across the key banking and construction sectors.
The gloom lifted late in the day when the US reported surprisingl...
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Gulf companies show signs of recovery
(Robin Wigglesworth - Financial Times - 31/10/2009)
After a difficult year, Gulf companies are beginning to show signs of recovering from the downturn, with third-quarter earnings figures making largely heartening reading. The results for 385 companies that have reported so far indicate an overall 25 per ...
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GCC needs to push forward pace of structural reforms
(Reena Amos Dyes - Business 24|7 - 29/10/2009)
Although expectations of long-term growth rates of the UAE and the GCC economies remain positive, these countries need to accelerate the pace of planned structural reforms and strengthen their macro-financial stability, said an economist.
In a...
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Dollar recovery pushes up rates
(Wayne Arnold - The National - 29/10/2009)
The window for Dubai to climb back into the global credit markets is open, but it is may not be open very wide for very long.
Dubai managed to sell slightly more than US$1.9 billion (Dh6.97bn) in Islamic bonds, or sukuk, yesterday, drawing a s...
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Dubai: Bond and Beyond
(Oxford Business Group - 28/10/2009)
Dubais government is returning to the open bond market, unveiling plans to raise at least $6.5bn through a mix of conventional and sharia-compliant instruments, looking to bank on renewed investor interest and growing confidence in the emirate.
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Long road ahead for GCC single currency
(Dr. John Sfakianakis - Arab News - 28/10/2009)
At a regional finance ministers and central bank governors meeting over the weekend, officials revealed plans to establish a monetary council by January that would serve as a transition body for the GCC Central Bank in expectation of the single Gulf curr...
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