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Sunday, 24 September 2017

Global sovereign wealth funds may invest $185 billion in real estate by 2020, Knight Frank says - The National

Global sovereign wealth funds may invest $185 billion in real estate by 2020, Knight Frank says - The National:

"Global sovereign wealth funds (SWF) have been boosting real estate holdings over the past decade and may spend US$185 billion on real estate by 2020, according to the real estate consultant Knight Frank. 

“Sovereign funds continue to build allocations in global real estate,” the consultancy said in a report. 

“This combination of increasing capital under management plus bigger target weightings towards real estate translates into very significant dry powder searching for suitable global prime real estate opportunities and will make them increasingly important landlords in even the largest markets.”  "



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Pessimism Starts Paying Off for Turkey Stock Bears - Bloomberg

Pessimism Starts Paying Off for Turkey Stock Bears - Bloomberg:

"After nine frustrating months, Turkey bears are gaining the upper hand.

Istanbul stocks are heading for the first monthly decline since November 2016, after posting one of the five best gains globally in 2017. This month, the benchmark index has slipped to the world’s worst performance in dollar terms after Qatari stocks as technical signs deteriorate. The pain may just be getting started if a surge in short traders’ bets is any indication."



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MIDEAST STOCKS-Dana Gas down as London sukuk trial to resume, Qatar up

MIDEAST STOCKS-Dana Gas down as London sukuk trial to resume, Qatar up:

"Shares of Abu Dhabi-listed Dana Gas fell sharply on Sunday after news that a London court hearing on its maturing sukuk issue would resume, while Qatar’s bourse bucked a general downtrend in the region. After several delays last week, a London High Court trial on the validity of $700 million of sukuk issued by Dana will go ahead on Monday. Dana said in June it would not repay holders of its Islamic bond, or sukuk, because it had become invalid under United Arab Emirates law. The case is being fought in UAE and British courts, and sukuk holders have been hoping the London court will produce a ruling that effectively shuts down Dana’s legal campaign in both jurisdictions. The uncertainty knocked Dana’s shares 5.1 percent lower on Sunday."



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MIDEAST STOCKS-Dana Gas down as London sukuk trial set to resume, Qatar rises

MIDEAST STOCKS-Dana Gas down as London sukuk trial set to resume, Qatar rises:

"Shares of Abu Dhabi-listed Dana Gas fell sharply in early trade on Sunday on news that a London court hearing on its maturing sukuk issue would go ahead, while the rest of the region was mixed. Dana Gas lost 3.9 percent. After several delays last week, a London High Court trial on the validity of $700 million of sukuk issued by Dana will go ahead on Monday. Dana said in June it would not redeem its sukuk because they had become invalid under United Arab Emirates law. The case is being fought in UAE and British courts, and sukuk holders have been hoping the London court will produce a ruling that effectively shuts down Dana’s legal campaign in both jurisdictions."



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