Tuesday 7 July 2015
 
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funds

Sico funds achieve ‘impressive returns’

Securities and Investment Company (Sico), licensed by the Central Bank of Bahrain as a conventional wholesale bank, said that all its Bahrain-domiciled equity funds have posted impressive returns so far this year, comfortably outperforming the m

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Middle East funds negative on Saudi after oil slides

Middle East fund managers have on balance become bearish on the region's biggest stock market, Saudi Arabia, after oil's rally ran out of steam and the kingdom confirmed strict rules on foreign investment, a monthly Reuters survey shows.

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Islamic investments, funds up 10pc in Bahrain

Bahrain's Islamic investments and funds have grown by about 10 per cent annually for the last few years and prospects remain positive, a senior regulatory official has said. Central Bank of Bahrain (CBB) executive director of

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Islamic funds in spotlight at key Bahrain forum

The annual World Islamic Funds and Financial Markets Conference (WIFFMC) to be held in Bahrain next week expects to build on a decade of success. Scheduled for May 18 and 19 at the Gulf Hotel, WIFFMC is billed as a high-profile ga

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Funds turning positive on Saudi as oil stabilises

Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows. Many fund managers became bearish on Saudi Ar

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Funds positive on UAE, Egypt stocks in era of cheap oil

The United Arab Emirates and Egypt appear the most attractive among major Middle Eastern stock markets in an era of low oil prices, a report said. The plunge of oil and equity prices over the last several months has stunned manage

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National Industries sells foreign investment funds

Kuwait-based National Industries Company (NIC), a specialist in manufacturing and marketing of building materials, said it has sold some of its foreign investments funds for KD47 million ($160 million). The Kuwaiti firm netted a p

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National Industries sells foreign investment funds

Kuwait-based National Industries Company (NIC), a specialist in manufacturing and marketing of building materials, said it has sold some of its foreign investments funds for KD47 million ($160 million). The Kuwaiti firm netted a p

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Bahrain’s financial institutions urged to spur trade

Financial institutions in Bahrain have been urged to pump in more funds to encourage trade and investment projects amidst plummeting oil prices. His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stressed the n

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Funds will return to Gulf bourses when oil shock fades

Middle East fund managers expect to put money back into Gulf stock markets in coming months once the shock of the plunge in oil prices fades, the latest Reuters survey of regional asset managers shows. The slide of Brent crude to

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