UPDATE 1-MIDEAST STOCKS-Gulf markets edge up, Emaar rises ahead of Egypt unit's IPO | Reuters:
"Gulf stock markets edged up in early trade on Wednesday and Emaar Properties supported Dubai's bourse after announcing its intention to float its Egyptian subsidiary.
Emaar rose 0.9 percent after saying it would float a 13 percent stake in the subsidiary and use some of share sale proceeds to fund new developments in Egypt and grow its land bank in the country.
Dubai's index climbed 0.7 percent as most other stocks were also positive."
'via Blog this'
No comments:
Post a Comment