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    <title>DFM, ADSM, Tasi in the red</title>
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    <pubDate>Mon, 31 Dec 2007 16:47:24 +0400</pubDate>
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        The Dubai Financial Market (DFM) ended 2007 with a fall of 1.2%, closing on 5,932 points. The Public Warehousing Company was the day's main gainer, rising 15% to finish the year on just under Dhs20. The Abu Dhabi Securities Market (ADSM) also finished in the red, declining 0.6% to settle on 4,551.8 points. In Saudi Arabia, the Tadawul All Share Index (Tasi) also dipped 0.6% to end on 11,176 points.
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    <title>GCC common market to launch</title>
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    <pubDate>Mon, 31 Dec 2007 14:15:55 +0400</pubDate>
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        The GCC common market is set to be launched tomorrow, Tuesday, January 1, reported the KUNA. It is hoped the formation of the union will help increase investment in the region, boost education and healthcare while also providing local citizens greater ease of movement and residency. The launch of the market is a key step on the road to monetary union which is planned for 2010.
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    <title>Aloula Geojit set up in Saudi</title>
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    <pubDate>Mon, 31 Dec 2007 13:57:58 +0400</pubDate>
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        Saudi Arabia's Ministry of Commerce and Industry has given its approval to the establishment of the Aloula Geojit Brokerage Company, which will operate as a joint stock outfit with a capital of $106.7m. The firm will be based in Riyadh and will act as an agent at the Tadawul All Share Index. The Geojit Indian Company will be the financial brokerage's operating partner.
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    <title>Egypt attracts $11.1bn</title>
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    <pubDate>Mon, 31 Dec 2007 13:50:32 +0400</pubDate>
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        Egyptian Prime Minister Dr Ahmed Nazif has said his country attracted $11.1bn worth of foreign investment last year, while 7,142 new companies were established, reported the KUNA. Nazif also revealed that the North African nation's economy grew at a rate of 7.1% in the last fiscal year and its international reserves reached $31bn.
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    <title>DP World's shares disappoint</title>
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    <pubDate>Mon, 31 Dec 2007 08:39:31 +0400</pubDate>
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        DP World's listing of nearly $5bn worth of shares on the Dubai International Financial Exchange (DIFX) has generated a subdued response from investors, reported Gulf News. Last Friday, December 29, the share price closed just below $1.2, a decline of 8.5% on the initial public offering price of $1.3. At these levels, DP World has shed nearly $1.8bn in capitalisation since it floated its shares on November 26.
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