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Sunday, 16 June 2013

U.A.E. Shares Retreat as Syria Civil War Concern Grips Region - Bloomberg

"United Arab Emirates shares fell the most in almost a week as concern the civil war in Syria may escalate hurt investor sentiment across the Middle East.
Dubai’s DFM General Index (DSM) posted the biggest drop in the Middle East, losing 2.3 percent, the most since June 10, to 2,345.47 at the 2 p.m. close in the emirate. Emaar Properties PJSC (EMAAR), developer of the world’s tallest tower in Dubai, registered its biggest decrease since April. The ADX General Index (MSM30) fell 0.9 percent, while the Bloomberg GCC200 Index (BGCC200) was down 0.2 percent."

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Abu Dhabi's Waha Capital buys stake in healthcare firm | Reuters

"Abu Dhabi investment firm Waha Capital said on Sunday it had invested an undisclosed amount in a newly established healthcare group in the United Arab Emirates through majority stakes purchased in some of its hospital and laboratory assets.

Waha, whose shareholders include Abu Dhabi government entities, said the investment in Dubai-based Anglo Arabian Healthcare (AAH) would help to support the healthcare firm's expansion plans in the next five years.

Healthcare businesses in the Gulf region are expected to boom in coming years as rising wealth couples with an increase in so-called lifestyle diseases - for example, five of the six Gulf Cooperation Council nations are in the global top 10 for prevalence of diabetes, according to the International Diabetes Federation."

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