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    <title><![CDATA[Dubai will not sell assets, says Al Saleh]]></title>
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    <pubDate>Mon, 07 Dec 2009 11:14:37 +0400</pubDate>
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        Abdul Rahman Al Saleh, Director-General of Dubai's Department of Finance has said that the emirate will not sell any of its assets to bail out Dubai World. Dubai World's and Nakheel's problems originated from short-term lending on long-term projects, he said in an interview with Al Jazeera television. The group, however, will be able to overcome the situation through restructuring its debts and by selling its own assets, he added. [AMEInfo.com]
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    <title><![CDATA[Kuwait's Noor to launch property fund]]></title>
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    <pubDate>Mon, 07 Dec 2009 11:12:48 +0400</pubDate>
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        Kuwait-based Noor Financial Investment Co. (NOOR) has announced plans to launch a Shariah-compliant real estate fund for public subscription, in partnership with Al Riyada Finance and Investment, KUNA has reported. The KD50m fund's dividends are to be reimbursed in monthly payments ranging between 6% and 8% on an annual basis, the firm said. Al Riyada Board Chairman and Managing Director Mohannad al-Sanea said the fund had been made public following deep consideration of the economic situation in general and the real estate market in particular. [AMEInfo.com]
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    <title><![CDATA[Kuwait sells stake in Citigroup for $4.1bn]]></title>
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    <pubDate>Mon, 07 Dec 2009 11:08:30 +0400</pubDate>
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        The Kuwait Investment Authority (KIA), the country's sovereign fund, has sold the stake it took in Citigroup less than two years ago for $4.1bn, making a profit of $1.1bn, the Associated Press has reported. The preferred shares were sold after converting them to common stock, KIA said. [AMEInfo.com]
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    <title><![CDATA[Weekly FX roundup: Dollar received US results boost]]></title>
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    <pubDate>Mon, 07 Dec 2009 10:33:12 +0400</pubDate>
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        Heading towards the end of 2009, a significant reversal in the US currency happened last Friday after the release of a surprising Non-Farm Payrolls Report. A fall in unemployment figures to 10% down slightly from 10.2% and a much smaller than expected contraction in the job market resulting in a minimal 11,000 job loss against the projected 125,000, led an official of the National Bureau of Economic Research to declare that unemployment may be nearing its trough. The question now on most traders' minds is whether the strength of the US dollar is sustainable or just a temporary rebound.  [AMEInfo.com]
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    <title><![CDATA[Tadawul up 0.33%]]></title>
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    <pubDate>Sun, 06 Dec 2009 17:04:45 +0400</pubDate>
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        Saudi Arabia's Tadawul All Share Index (Tasi) ended the day up slightly by 0.33% to 6,309.05, with all sectors save Banks and Financial Services and Transport posting increases. Ninety-nine stocks rose, while 23 fell.  [AMEInfo.com]
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