Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.
International benchmark Brent crude futures were two cents higher at $34.4
As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year - a speculative slide below $50 a barrel followed by a quick recovery.
British real estate developers Teford Homes and St. Modwen said the residential property market in London and the south east of England remained robust and would underpin their growth in 2012.
Telford Homes, the London-focused residential
Dubai's bourse made its largest one-day gain in 27 months, rebounding after last week's savage profit-taking, with investor sentiment still bullish.
The emirate's benchmark jumped 4.7 percent to 1,687 points, its largest one-day advance s
Bullish sentiment from Saudi Arabia, coupled with positive noises out of Europe, should help Gulf markets extend gains on Sunday, according to experts.
Petrochemical stocks helped Saudi's index climb 0.9 per cent on Saturday in its fou
Investors are entering 2011 in a relatively bullish mood, raising equity holdings to a 10-month high, increasing exposure to high-yield credit and cutting back on government debt, Reuters polls showed on Wednesday.
Within bond portfolios,
The business community in Dubai is bullish on the emirate's economic growth and its future prospects, according to a survey conducted by Department for Economic Development (DED).
The Exporter Confidence Survey was part of a DED extensive
Commodity prices will continue to rise this year with silver likely to be the top performer. The metal, which is currently priced at $17 an ounce will soar to $50 an ounce by the end of this year.
That was one of the startling predictions
Daman Investments, a leading UAE-based fund manager, has given robust economic outlook for its three funds for the coming months.
The company’s three funds - Daman Second Emirates Fund, the Daman Islamic Fund and the Arabian Programmed Tra