Sunday 24 April 2011

Bourses expected to rise on optimism - The National

A new-found confidence in Dubai's market is expected to lift equities for the second week running as investors turn to the UAE.

Dubai, which was on the brink of a debt default in 2009, is benefiting from an investor flight to safety because of the unrest that has hit other parts of the region.

Signs are pointing to improved liquidity in the country as Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, announced the launch of a new bond. And Dubai Investments said it was in talks with banks about obtaining Dh1.2 billion of loans.

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