Mideast funds heavily favour UAE equities in region -survey | Reuters:
"Middle East fund managers favour United Arab Emirates stock markets over other bourses by a large margin as the region struggles with low oil prices and an unstable global environment, a monthly Reuters survey shows.
Gulf stock markets are in a difficult period as cheap oil slashes the state revenues of energy exporting countries and begins to tighten liquidity in banking systems.
But the survey of 15 leading investment firms, conducted over the past 10 days, shows them still prepared to put new money into UAE stocks. Some said the start of the reporting season for third-quarter corporate earnings in late October could be the trigger for such allocations."
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"Middle East fund managers favour United Arab Emirates stock markets over other bourses by a large margin as the region struggles with low oil prices and an unstable global environment, a monthly Reuters survey shows.
Gulf stock markets are in a difficult period as cheap oil slashes the state revenues of energy exporting countries and begins to tighten liquidity in banking systems.
But the survey of 15 leading investment firms, conducted over the past 10 days, shows them still prepared to put new money into UAE stocks. Some said the start of the reporting season for third-quarter corporate earnings in late October could be the trigger for such allocations."
'via Blog this'
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