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Saturday, 30 November 2013

Bahrain investment firm inks $163m London deal - Property - ArabianBusiness.com

Bahrain investment firm inks $163m London deal - Property - ArabianBusiness.com:

"Bahrain-based Sharia compliant investment firm Tadhamon Capital has announced the acquisition of its second Central London development in a deal worth more than £100m ($163m).
It said the Paul Street development was concluded in a joint venture with Apache Capital and McLaren Property following the full letting of its first prime London student development, Paris Gardens.
The Paul Street development will be comprised of three blocks, two of which will contain 456 student accommodation units with a 1,550 sq ft ground floor retail space, with the third block consisting of a stand-alone office building."

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▶ Martin Wolf in debate on world growth - YouTube

▶ Martin Wolf in debate on world growth - YouTube:

"


FT deputy editor John Thornhill chaired the latest debate to celebrate 125 years of the news organisation with four economists: Martin Wolf, Hélène Rey, Jim O'Neill and Stephanie Flanders. The debates tackled global and UK growth, the eurozone and capital controls."

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Turkey, Iraqi Kurdistan ink landmark energy deal | GulfNews.com

Turkey, Iraqi Kurdistan ink landmark energy deal | GulfNews.com:

"Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package this week that will help transform the semi-autonomous region into an oil and gas powerhouse, but the deal infuriated the central government in Baghdad.
Friday’s move, which was revealed by sources close to the deal, follows months of secret negotiations.
For energy-hungry Turkey, dependent on imports for almost all of its needs, exploiting Iraqi Kurdistan’s rich hydrocarbon resources will help diversify its energy supplies and reduce the country’s ballooning $60 billion (Dh220 billion) energy bill."

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Emerging Stocks Rise as Won Caps Longest Rally Since ’07 - Bloomberg

Emerging Stocks Rise as Won Caps Longest Rally Since ’07 - Bloomberg:

"Emerging-market stocks rose, paring the first monthly drop since August, as Petroleo Brasileiro SA to Cnooc Ltd. drove gains in energy producers. South Korea’s won rose for a fifth month in the longest rally since 2007.
The MSCI Emerging Markets Index added 0.6 percent to 1,018.28, paring its November decline to 1.6 percent. A measure of energy companies advanced for the first time this week as Petrobras and Cnooc climbed more than 1.1 percent. The Borsa Istanbul National 100 Index led gains among major developing-nation gauges, while India’s S&P BSE Sensex rallied 1.3 percent. South Korea’s won increased amid economic optimism.
All 10 groups in the measure of developing-nation shares advanced as energy shares rallied after West Texas Intermediate crude rebounded from the lowest level in almost six months. Consumer-price gains in the euro area quickened this month and unemployment in the region declined in October, data today showed. U.S. markets were shut yesterday for a holiday and equity exchanges closed at 1 p.m. in New York today."

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