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June 13, 2013

Morgan Stanley Capital International UAE
10:35 GMT
Officials and investors hailed the MSCI (Morgan Stanley Capital International) decision to elevate the UAE to emerging market status from frontier market and said it would lead to greater international capital flows into the country’s markets.
What we are seeing at the moment is a brief flirtation with this idea by the Fed
10:31 GMT
It’s curious to hear economists like ex-Goldman Sachs chief Jim O’Neill talking about the bond market having the same feel as in 1994 when the Fed also tightened monetary policy, but it is just not going to happen this time.
DBWC members
06:00 GMT
Dubai Business Women Council (DBWC) members recently participated in the latest edition of the NBAD Fursati session, which was organised under the theme “Though Markets Change, Good Investing is Timeless”.

June 12, 2013

Internal debt is considered much more dangerous than foreign debt
15:19 GMT
The latest indices of domestic public debt hit an alarming EGP 1.387tn (about $200bn) in April, posing a threat to the general treasury and causing an economic slowdown, experts warn.
Political stability and improvements in security will help attract investment back into Egypt
11:47 GMT
Egypt possesses no clear economic vision for the future, says Fayyaz Azz El-Din, chairman of the Canadian Chamber of Commerce in Egypt and the Middle East.
Returns were mixed among the different strategic indices
10:59 GMT
Hedge funds witnessed the seventh consecutive month of positive returns in May amid mixed returns in global markets, according to Eurekahedge.
Many developed countries have some kind of capital gains tax
10:58 GMT
A senior figure at one of the UAE’s largest Islamic banks has called for the government to create a new tax aimed at hitting property flippers in the pocket.

June 11, 2013

The programme contributes to meeting the current needs of the ICT industry
11:40 GMT
The Information Technology Authority (ITA) has taken the lead to bridge the gap  between ...
The topics discussed pivoted around how an SME can increase profitability or expand into new markets by using technology.
11:33 GMT
Microsoft, Dell, Dubai Internet City and du discussed the supportive role that technology plays in fueling entrepreneurship and the specific solutions developed for SMBs at the MAKE Business Hub. an entrepreneurial platform in the UAE.
Infrastructure investment and reform of labour markets and education systems will all be needed to tackle the issue
11:22 GMT
With an average of 25 per cent of the MENA region's youth unemployed, and over 40 per cent inactive, 85 million additional jobs will be required in the next 10 years just to reach the global average.
Recent price action shows strong support for the silver price close to present levels. The 20-year chart still shows the uptrend intact
10:40 GMT
Spot the point of maximum pessimism in any market and you have the best point of entry. That was the maxim that made the great investor Sir John Templeton a billionaire well ahead of today’s fund managers.
Over the 21 quarters since the beginning of 2008, real (inflation-adjusted) personal consumption has risen at an average annual rate of just 0.9 percent
05:00 GMT
The spin-doctors are hard at work talking up America’s subpar economic recovery. All eyes are on households.

June 10, 2013

In April, the United Kingdom’s second-biggest bank by assets, Barclays, announced its plan to increase its presence in Egypt by boosting the number of its branches by 10%.
11:36 GMT
Egypt’s high consumer interest rates have prompted a number of international and Gulf banks to tap the country’s banking sector for long-term investments, overlooking the incumbent weakened economy.
The Gulf Arab region is home to some of the world's largest sovereign wealth funds and family investment offices
10:45 GMT
Large institutional investors in the Middle East are increasingly switching towards alternative investments such as private equity and hedge funds to generate returns in volatile global markets, a study released on Monday showed.
Short Bias funds detracted from overall Equity Hedge performance, declining by -3.2 per cent.
06:13 GMT
Hedge funds posted their 7th consecutive monthly gain in May and the 11th gain in the last 12 months as strong performance in Equity Hedge and Event Driven strategies offset weakness in Macro and CTA strategies, according to data released today by HFR.