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Sunday, 9 November 2014

MIDEAST STOCKS-MSCI index adjustments may boost UAE, Qatar | Reuters

MIDEAST STOCKS-MSCI index adjustments may boost UAE, Qatar | Reuters:



"Several stocks in the United Arab Emirates and Qatar look likely to gain on Sunday after index compiler MSCI increased their weightings in its emerging markets benchmark at the end of last week.



In a semiannual review, MSCI increased the weights for three stocks in the UAE and four in Qatar, citing relaxed foreign ownership restrictions.



In May, when MSCI upgraded the UAE and Qatar to emerging market status, it cut the weightings of a number of companies by a factor of 0.5 because of limits on foreign ownership and concerns about overall liquidity."



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Unemployment among Emiratis climbs to 4.1per cent in Abu Dhabi - Khaleej Times

Unemployment among Emiratis climbs to 4.1per cent in Abu Dhabi - Khaleej Times:



"Unemployment was most prevalent among married women, with 60.3 per cent looking for a suitable placement.



Unemployment among Emiratis climbed to 4.1 per cent in 2013 compared with 3.2 per cent in the previous year, according to statistics released by the Statistics Centre Abu Dhabi (SCAD). Unemployment was most prevalent among married women, with 60.3 per cent looking for a suitable placement.



Among unmarried women, 34.6 per cent were looking for their dream job."



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GCC IPO activity seen to skyrocket in ’15: EY | Economy | Saudi Gazette

GCC IPO activity seen to skyrocket in ’15: EY | Economy | Saudi Gazette:



"MENA IPO market jumped ten-fold in the third quarter of 2014 to $1.7 billion from $150.7 million raised in Q3 2013,  EY’s “MENA Q3 2014 IPO Update” report showed.



IPO activity in Q3 2014 was limited to three IPOs, the report noted.



Emaar Malls Group (EMG) listed on the Dubai Financial Market (DFM) in the UAE. The two IPOs of Zain Bahrain (Bahrain) and Délice Holding (Tunisia) closed in Q3 2014 and are expected to list in the beginning of Q4 2014. "



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