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    <title><![CDATA[Gulf Petroleum Investment leads Kuwait market rebound]]></title>
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    <pubDate>Thu, 09 Feb 2012 16:40:32 +0400</pubDate>
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        The Kuwait Stock Exchange (KSE) Market Index advanced the second day straight, closing a quarter per cent higher at 5,684 points. Shares of Gulf Petroleum Investment gained the most (up 9.5%). Islamic bank Kuwait Finance House declined slightly to KD0.850.  [AMEInfo.com]
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    <title><![CDATA[Damas Jewellery edges higher, hires Nomura for takeover advisory]]></title>
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    <pubDate>Thu, 09 Feb 2012 16:28:21 +0400</pubDate>
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        The FTSE NASDAQ Dubai UAE 20 Index closed at 1530.910 today, off 0.10% from the previous close. Market bellwether DP World fell 0.90% to $11.00. Shares of jewelry retailer Damas International jumped 2.78% to reach $0.37. Earlier in the day, local media news reported that Damas hired Japanese bank Nomura to advise it on a takeover offer from Qatar's Mannai Corporation. Mannai, a mulit-product conglomerate with interests in the oil and gas, tourism, automotives and transport segments, said in January it received assurance from Damas shareholder to buy 58.8% of Damas at $0.45 cents per share. [AMEInfo.com]
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    <title><![CDATA[Qatar National Bank gains as lender eyes Euro Medium Term Note Program ]]></title>
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    <pubDate>Thu, 09 Feb 2012 16:19:21 +0400</pubDate>
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        The QE 20 Index ended even for the second day straight. Qatar's largest lender by assets Qatar National Bank or QNB closed 0.60% higher at QR136.70. Earlier in the day, QNB announced  that Barclays Capital, Citigroup, HSBC, QNB Capital and Standard Chartered Bank will be arranging fixed income investor meetings on behalf of QNB Group in London commencing on February 13. A USD benchmark RegS offering under its Euro Medium Term Note Program may follow subject to market conditions. [AMEInfo.com]
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    <title><![CDATA[Aldar Properties shares flirt with one Dirham-level ]]></title>
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    <pubDate>Thu, 09 Feb 2012 15:42:51 +0400</pubDate>
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        In Abu Dhabi, the equity gauge ADX General Index added 0.10% to reach 2,466.74 points. Real estate bellwether Aldar Properties advanced 3.20% to close at Dhs0.97. Sorouh Real Estate also gained over three per cent. Most banks edged lower, such as the sheikhdom's largest lender National Bank of Abu Dhabi (off 0.46%) or RAK Bank (down 2.44%). Earlier in the day, Switzerland's second lender Credit Suisse reported a 62%-drop in net profits for 2011, amounting Chf1.95bn (Dhs7.85bn), mainly due to a slump in the investment banking. Some 80m shares were traded, valued at Dhs93m. SOme  [AMEInfo.com]
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    <title><![CDATA[Dubai market rises, but fails to crack resistance level at 1,500]]></title>
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    <pubDate>Thu, 09 Feb 2012 14:29:51 +0400</pubDate>
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        The DFM General Index ended 0.30% higher at 1,486.90 points Thursday. The gauge rose 3.54% over the week. "The rally continues," said Gary Dugan, CIO Private Banking at Bank Emirates NBD (flat at Dhs3.00). "The return of risk appetite and lower inflation has played out most noticeably in the emerging markets. The recovery in many of the emerging market equities has been quite extraordinary," he added. The DFMGI has gained 9.87% year-to-date. Dubai-based investment bank Shuaa Capital was the top gainer (up 13.50%), while bellwether Emaar Properties slipped 0.34%. Around 267m shares were traded, valued at Dhs419.8m. [AMEInfo.com]
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