Settlement cycle and it has also become the first in the region to permit short selling. We spoke to the c. E. O. Of the middle east biggest equity market. What i would like to see is the growing number day after day and year after year. We have an ownership limit of 49 and wed love to see a few achieve that level. The other big theme has been ipos and were hearing whispers of more Family Companies considering ipos as well. How many ipos are you looking forward to in 2017 to bring liquidity into this market . Well, today after launching the Second Market were looking at ipos from two different sides, offering two platforms for listing. He main market and nmo has been very active as expected. It has been granted approval 20 we can say that at least Saudi Companies have fired their Financial Advisers. We see a very healthy ipo pipeline on the market. Out of those 20 are there more Family Offices considering ultimately the thinking was it has encouraged more of the private companies to co
Settlement cycle and it has also become the first in the region to permit short selling. We spoke to the c. E. O. Of the middle east biggest equity market. What i would like to see is the growing number day after day and year after year. We have an ownership limit of 49 and wed love to see a few achieve that level. The other big theme has been ipos and were hearing whispers of more Family Companies considering ipos as well. How many ipos are you looking forward to in 2017 to bring liquidity into this market . Well, today after launching the Second Market were looking at ipos from two different sides, offering two platforms for listing. He main market and nmo has been very active as expected. It has been granted approval 20 we can say that at least Saudi Companies have fired their Financial Advisers. We see a very healthy ipo pipeline on the market. Out of those 20 are there more Family Offices considering ultimately the thinking was it has encouraged more of the private companies to co
Oil is heading for the first gain ahead of the Global Production cut to reduce the glut. They are also seeing the biggest fullyear rise since 2009 despite stockpiled at the highest level in three decades. Producers have agreed to cut output sunday. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Lets get a check of the markets now. It is a mixed day, but hong kong, china doing better than the morning session. Asian stocks are fluctuating. Singapore, tokyo, mumbai. Back in half an hour. Time now for the best of Bloomberg Markets middle east. Yousef it is the end of the year that saw the end of opec. Welcome to Bloomberg Markets middle east as we wrap up 2016 with this special Holiday Edition. Im yousef gamal eldin in dubai. Lows,barrel, 13 year record stockpiles, supply outweighing demand and i ran back online. Something has to give, and it did. Opec agreed to the first Production Cut in eight years. We have m
This is the stoxx 600. Investors cautious today before speeches i donald trump and janet yellen. Stoxx 600 down by 0. 2 . Dollarg down against the , falling against all its major peers after the times reported that Prime Minister theresa mays team is preparing for scotland to potentially call for an independence referendum in march. The french 10year yield is down to 89 basis points. Emmanuel macron opening up his biggest lead yet over Francois Fillon. Lets finish up with gold, down 0. 2 . Gold will head towards 1300 in as inflationmonths expectations pick up real Interest Rates turned negative. That is according to ubs wealth management. Lets get the bloomberg first word news. Nejra the London Stock Exchange said its 13 billion tie up with Deutsche Boerse is unlikely to proceed after a new regulatory hurdle signaled a potential end to the effort to create a dominant european exchange. Officials had requested that the nsc divest its Trading Platform, but the nsc said it couldnt commit
We stand to benefit very well from these investments Going Forward. A trillion in investments and infrastructure is a real commitment. Building bust. Travis perkins slides to the bottom of the stoxx 600 after reporting a 67 fall in pretax profit. Disappearing app snap getting ready to make a lasting impression on the market preparing to go public just a day after the dow jumps over 300 points to close above 21,000. Good morning. Lets kick off with some corporate news. Shares in roche trading at ninemonth highs after the success of a key cancer drug drill, a combination of herciptin an perjeta together with chemotherapy reduced the occurrence of aggressive Prostate Cancer or death. When i spoke to the company back in february, the coo of roche explained the significance of the trial. Its the next big Clinical Trial to read out. I understand theres a lot of focus on that specific trial. What i would say from a roche perspective, its one of a number of important clinical readouts we will