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Tuesday, 6 October 2015

MIDEAST STOCKS-Most of Gulf barely moves but property firms buoy Qatar | Reuters

MIDEAST STOCKS-Most of Gulf barely moves but property firms buoy Qatar | Reuters:

"Most Gulf stock markets traded
sideways in thin volumes on Tuesday but real estate-related
shares continued to buoy Qatar after the central bank governor
ruled out tightening monetary policy.

In most of the region, investors are worried about low oil
prices and tightening liquidity in banking systems due to the
reduction in state oil revenues.

Saudi Arabia's stock index closed flat. Alinma Bank
, the most heavily traded stock, rose 1.5 percent, but
several major plays on Saudi consumer demand fell, showing
concern about the risk of an economic slowdown next year if oil
prices stay low and the government curbs spending."



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EU bonds a safer bet than US | FT Markets - YouTube

EU bonds a safer bet than US | FT Markets - YouTube: ""



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Revival of the weakest I Authers' Note - YouTube

Revival of the weakest I Authers' Note - YouTube: ""



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Dangote on investing in Africa | FT Business - YouTube

Dangote on investing in Africa | FT Business - YouTube: ""



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Dubai private equity house Abraaj raises $191m for Mexico investment | The National

Dubai private equity house Abraaj raises $191m for Mexico investment | The National:

"Private equity firm Abraaj Group has raised $191 million through Mexican publicly traded certificates for investments in the country, it said on Tuesday.

Certificates of Development Capital (CKD) will be used to invest in mid-sized Mexican businesses that have strong growth potential and which show capabilities of regional and international expansion, Abraaj said in a statement.

Target sectors for the CKD include retail, fast-moving consumer goods, healthcare, education, logistics and financial services. Abraaj said the first transaction using the development capital may be closed by the end of the year."



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No gains yet for Dubai’s real estate fortunes | GulfNews.com

No gains yet for Dubai’s real estate fortunes | GulfNews.com:

"Another quarter goes by and there is no stopping the decline in sales transactions and values within Dubai’s property market.

At this rate - and without something happening suddenly to turn things around - home prices in Dubai could continue to drop all through next year as well, according to projections put out by the consultancy JLL. And the next “growth cycle” will have to wait until the immediate years before the Expo 2020 opens in Dubai.

In the third quarter, apartment prices dropped a further 3 per cent compared with what they were during the second. In the 12 months to end September, values are down 11 per cent, confirming that Dubai is very much a buyer’s marketplace now. (For tenants, there is nothing much to cheer about with the Q3 decline limited to 1 per cent quarter-on-quarter, according to JLL estimates.)"



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MIDEAST STOCKS-Gulf markets consolidate, no clear direction | Reuters

MIDEAST STOCKS-Gulf markets consolidate, no clear direction | Reuters:

"Gulf stock markets consolidated in quiet trade with no clear direction early on Tuesday as concern about weak oil prices and tightening bank sector liquidity offset a positive global market environment.

Foreign equity markets were higher because of talk that the U.S. central bank would further delay any monetary tightening. But banking liquidity across the Gulf is already tightening because of lower government oil revenues; after hovering around 0.10 percent for over two years, the United Arab Emirates' overnight interbank rate has shot up as high as 0.46 percent in the past several weeks.

Dubai's stock index was 0.1 percent higher after an hour of trade with blue chip Emaar Properties up 1.2 percent but second-tier real estate stocks sluggish."



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MIDEAST STOCKS-Higher oil boosts Gulf, Egypt stagnates | Reuters

MIDEAST STOCKS-Higher oil boosts Gulf, Egypt stagnates | Reuters:

"Higher oil prices lifted Gulf stock
markets on Monday while Egypt's bourse was sluggish after a
corporate survey
showed growth in business activity there slowed last month.

With Brent oil up 2.2 percent at $49.20 a barrel,
the Saudi stock index climbed 1.2 percent as
petrochemical blue chip Saudi Basic Industries added
1.6 percent. 



Property developer Dar Al Arkan continued to rise,
gaining 1.5 percent, after Sunday's news that the government
plans to convert a state-owned housing fund into a bank, the
latest measure to spur housing construction."



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