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Volatility in UAE’s bourses

Egypt's EFG-Hermes Bank has said the UAE's stock markets will be driven by 'robust earnings growth, high oil prices, abundant liquidity and a steady real estate market' in 2008, according to the Gulf News. The lender also warned that these key factors will heighten volatility in the exchanges. An increase in western institutional investment is expected, while more Saudi Arabian money should appear after the Tadawul All Share Index's rally.