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British Prime Minister David Cameron, right, and French President Francois Hollande attend a round table meeting at an EU summit in Brussels on Friday, June 28, 2013. (AP Photo/Yves Herman, Pool)
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Traders work at the Egyptian Exchange in Cairo
(Reuters/Mohamed Abd El Ghany)
Financial expert says Gulf investors eyeing Egypt
Cairo, Asharq Al-Awsat—The chairman of the Board of Directors of HC Securities and Investment, Hussein Choucri, has said that investors from the Gulf region are interested in venturing into the Egyptian market and are currently considering available opportunities....Caption:
An investor monitors an electronic board displaying stock information at the Dubai Financial Market June 13, 2013. REUTERS/Ahmed Jadallah
Morgan Stanley to declare UAE and Qatar “Emerging Markets”
Cairo, Asharq Al-Awsat—The United Arab Emirates and Qatar have been reclassified by New York’s Morgan Stanley Capital International (MSCI) as “Emerging Markets,” in a move experts say could boost investment in both states. The announcement resulted...Caption:
File photo of 55 Water Street, home of Standard & Poor’s, in New York. (AP Photo/Henny Ray Abrams)
S&P raises Saudi’s long-term sovereign rating outlook
Riyadh, Asharq Al-Awsat—Standard & Poor’s has upgraded Saudi Arabia’s long-term sovereign rating outlook from “stable” to “positive” following a similar move by Fitch in March. S & P’s new rating outlook for Saudi Arabia was issued just one day after...Caption:
DIFC CEO Jeff Singer during a visit to Asharq Al-Awsat’s Headquarters in London. (Asharq Al-Awsat photo by James Hanna)