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Sunday, 11 September 2011

GCC bourses inefficient for poor financial media

The financial media in Gulf hydrocarbon producers is not good enough to assist investors and this has allied with lack of transparency and other factors to keep regional bourses inefficient, a financial analyst has said.

Ziad Dabbas, an investment and financial advisor at the government-controlled National Bank of Abu Dhabi, said stock markets in the six-nation Gulf Cooperation Council (GCC) are not classified as “efficient markets”.

He defined an “efficient market” as the market in which the flow of relevant information regarding investment options is easily accessed and reliable and where information is available to all participants at the same time.