Sunday 15 September 2013

Gulf states raise stakes in UAE stock market - Markets - ArabianBusiness.com

Gulf states raise stakes in UAE stock market - Markets - ArabianBusiness.com:

"Investment by Gulf states in the UAE stock market surged almost 40 percent last year to $2bn in shares, according to the latest report into economic activities in the region.
According to the UAE Ministry of Finance annual report on the Gulf Common Market in the UAE 2012, the Securities and Commodities Authority recorded 126,684 GCC nationals investing in 80 publicly-listed companies accessible to GCC residents.
Of that, the report said the total size of the shareholding in joint stock companies was $2bn (AED7.38bn), up 38.9 percent from $1.45bn (AED5.31bn) in 2011."

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