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News & Views General
The Central Bank of Kuwait reported increase in credit facilities by local banks to different sectors to KD 24.4 Bn by end of July 2009, a hike of 0.5%.
Kuwait’s sovereign wealth fund, Kuwait Investment Authority has no plans to sell its stakes in US banking giants Citigroup and Merrill Lynch.
Oman’s M2 money [...]
News & Views General
§ France Telecom’s unit submitted an obligatory tender offer to acquire the entire stake of Egypt based Mobinil.
§ Saudi Arabia’s capital expenditure on development projects rose 103% y-o-y to SR40.6 Bn during the first quarter of 2009.
§ Oman and Uzbekistan have set up a joint investment company with a capital of [...]
GCC markets performed commendably during the week ended April 09, 2009. The robust performance of almost all the GCC bourses can be ascribed to the recent G-20 summit during which leaders put forward quite a few proposals to stabilize the global financial market and improve regulatory mechanisms. This may have encouraged investors to increase their [...]
London, Friday, January 04, 2008 ARANCA News Report (www.aranca.com) :Inflation will continue to rise in the Gulf states as the high price of oil leads to huge windfall profits for the oil producing countries, according to Standard Chartered.
The region produces around a quarter of the world’s oil supply and Saudi Arabia, the United Arab Emirates, [...]
