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GCC markets ended the week on a mixed note. The UAE market witnessed selling pressure owing to renewed concerns over the debt level of Dubai World. The Saudi market edged higher due to strong corporate earnings results, while markets in Qatar and Oman closed lower. The Kuwaiti government’s investment plans were viewed positively—the KSE gained [...]
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The United Arab Emirates’ central bank has asked all banks operating in the country to obtain its permission before selling structured financial products – Gulf News.
Dubai World put “a number” of projects on hold as the global economic crisis hurt the government-owned investment group. Dubai World may be forced to restructure a [...]
