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Tuesday, 20 October 2015

VPS Healthcare latest company to show interest in Al Noor Hospitals | The National

VPS Healthcare latest company to show interest in Al Noor Hospitals | The National:

"VPS Healthcare is the latest company to express an interest in acquiring Al Noor Hospitals, according to an official statement to the London Stock Exchange.

VPS, best known in the Emirates as the owners of the Burjeel hospitals in Abu Dhabi and Dubai, was identified by Al Noor after The National on Monday revealed there had been a third approach to LSE-listed Al Noor.

“The board of Al Noor notes the comments made to the media by chief executive Ronald Lavater, and confirms it has received a highly preliminary indication of interest from VPS Healthcare."



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Saudi CMA may relax investor rules to join world indices | GulfNews.com

Saudi CMA may relax investor rules to join world indices | GulfNews.com:

"Saudi Arabia would be open to relaxing its rules on foreigners investing directly in its stock market to help it get included in global indices, the chairman of the Saudi financial-markets regulatory agency, the Capital Market Authority, told Reuters.

In his first interview with international media since his appointment in January, Mohammad Al Jadaan also defended the limited trading so far by qualified foreign investors (QFIs) and noted the kingdom was already seeing wider benefits from having direct foreign access to its $470 billion (Dh1.73 trillion) stock market.

On June 15, the Saudi stock exchange, the Tadawul, became one of the last major emerging markets to let foreigners buy shares directly. But licences are granted only to vetted professional investors, who must have $5 billion of assets under management and a five-year investment track record."



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MIDEAST STOCKS-Oil dampens Saudi, Emaar Misr boosts Egypt | Reuters

MIDEAST STOCKS-Oil dampens Saudi, Emaar Misr boosts Egypt | Reuters:

"Saudi Arabia's stock market fell
on Tuesday in response to weak oil prices while real estate
developer Emaar Misr, seen as a hedge against currency
depreciation, boosted Egypt's index. Gulf markets in general
remained sluggish.

Brent crude sank nearly 4 percent overnight and
remained under pressure in Asian trade on Tuesday. This helped
to push the Saudi stock index down 1.0 percent at the
close.

Some shares tumbled in response to poor third-quarter
earnings, with Saudi International Petrochemical Co (Sipchem)
down 8.4 percent after it reported a 55.4 percent
slump in net profit to 71.6 million riyals ($19.1 million).
Analysts had forecast 122.9 million riyals. "



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MIDEAST STOCKS-Saudi soft on oil, property shares boost Egypt | Reuters

MIDEAST STOCKS-Saudi soft on oil, property shares boost Egypt | Reuters:

"Saudi Arabia's stock market was soft in early trade on Tuesday in response to weak oil prices, while real estate stocks, seen as a hedge against currency depreciation, boosted Egypt.

Brent crude sank nearly 4 percent overnight and remained under pressure in Asian trade on Tuesday. This helped to push the Saudi stock index down 0.3 percent in the opening minutes.

Some shares tumbled in response to poor third-quarter earnings, with Saudi International Petrochemical Co (Sipchem) down 6.1 percent after it reported a 55.4 percent slump in net profit to 71.6 million riyals ($19.1 million). Analysts had forecast 122.9 million riyals."



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MIDEAST STOCKS-Gulf shares languish, Qatar's Nakilat gains on foreign limit | Reuters

MIDEAST STOCKS-Gulf shares languish, Qatar's Nakilat gains on foreign limit | Reuters:

"Gulf shares lacked direction in thin trading on Tuesday, with a weak oil backdrop making investors shy of increasing risk.

Worries about oversupply and the health of the global economy kept Brent crude gains capped. It edged up to $48.88 per barrel after a nearly 3 percent drop in the previous session.

Dubai's stock index eased 0.2 percent to 3,695 points, keeping to the tight range of 100 points it has traded in for two weeks."



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China’s central bank readies London debt sale - FT.com

China’s central bank readies London debt sale - FT.com:

"China’s central bank will issue short-term debt in London on Tuesday in a move to strengthen Sino-British ties during President Xi Jinping’s state visit to the UK.
The People’s Bank of China will sell one-year bills with initial price guidance at 3.3 per cent, according to a term sheet seen by the Financial Times. The sale is expected to raise Rmb5bn (£509m), though the final amount could be higher depending on demand. "



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Fund management: fee wonderland I Authers Note - YouTube

Fund management: fee wonderland I Authers Note - YouTube: ""



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