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Wednesday 22-01-2017


Gulf News

The UAE economy could experience a contraction in gross domestic product (GDP) next year, mostly due to external factors, but the country is in a much better position in terms of meeting its obligations and driving domestic investments, said Bill O'Neill, Chief Investment Officer for Europe, Middle East and Africa (EMEA) at Merrill Lynch Wealth Management.

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Khaleej Times

2017 looks set to be a good year for investors. It should be a year in which savvy investors can seriously build their wealth. But this strong outlook does come with some important caveats. 2016 was a seismic year and the world has changed. As such, investors need to position themselves in order to ensure they are best-placed to take advantage of the opportunities in the evolving global economy, to circumnavigate the risks, and to remain fully on-track to reach their long-term financial goals

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Arabian Business

Overall sovereign creditworthiness in the Gulf has continued to deteriorate, weighed by a weakening performance in Saudi Arabia, the region's largest economy, according to Standard & Poor's. A new research note that covers a total of 13 sovereigns in the region including Abu Dhabi, Bahrain, Kuwait, Oman, Qatar, Ras Al Khaimah, Saudi Arabia, and Sharjah, said the average rating has suffered due to rating downgrade on Saudi Arabia.

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The National

Mubadala Development and International Petroleum Investment Company (Ipic) have named the new board for their US$125 billion merged company, the government announced on Saturday. The chairman of the board of the combined conglomerates.

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Page last updated : 12/02/2017 12:39 PM