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<title>Mixed finances for Investcorp</title>
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<description><![CDATA[Asset management firm Investcorp has announced a gross income fee for its 12 months to end of June of $382.9 slightly lower than its previous year's performance. Gross asset based income dropped 58% to $199.5 and net income for the period fell 50% to $151.1m. The company said despite the depressed financial markets, it said it had its second most profitable year. The company said its performance highlights the contrast between the booming economies of the Middle East and the turbulent market conditions across the US and Western Europe.]]></description>
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<title>ME IPOs raise $4.72bn</title>
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<description><![CDATA[Middle Eastern markets have raised $4.72bn in 13 Q2 IPOs, compared to $3.9bn for the same period in 2007, according to Ernst &amp; Young. The results are 20% up on Q1 IPOs. Saudi Al Inma Bank was the largest IPO, raising $2.8bn.]]></description>
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<title>Strong Emaar growth but markets close mixed</title>
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<pubDate>Wed, 23 Jul 2008 19:28:21 +0400</pubDate>
<description><![CDATA[The Dubai Financial Market closed up 3% today, hitting 5,457 points, its highest in three months. It was pushed up by a strong 5.4% rise to Dhs10.60 in Emaar's shares. Other Gulf markets had mixed results today; Muscat rose by 0.73%, the Abu Dhabi Securities Exchange by 0.70% and Kuwait by 0.21%, while Doha fell by 0.71%, KSA by 0.30% and Bahrain by 0.11%.]]></description>
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<title>DFM gains 160 points</title>
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<description><![CDATA[The Dubai Financial Market on Wednesday soared 160.23 points, or 3.02%, to close on 5,457. Market heavyweight Emaar was up 5.47%. Meanwhile, the Abu Dhabi Securities Exchange gained 34.51 points, or 0.70%, to end the day on 4,984.]]></description>
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<title>Qatar&#039;s economy grows to $23.2bn</title>
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<description><![CDATA[Qatar&#039;s economy grew to 84.3 billion riyals ($23.16bn) at current prices at the end of March, a gain of 15.3% from the fourth quarter, reported Reuters. Data from the Qatar Statistics Authority show that first-quarter gross domestic product almost doubled from an estimated 44.7 billion riyals in the corresponding quarter in 2007.]]></description>
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