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BLOOMBERG Bloomberg Markets Middle East May 7, 2017

It is 8 00 a. M. In dubai. This is markets middle east. To keep there was a lot us busy. We had big economic data. Lets look to how u. S. Equity markets closed. Jobs report. The s p 500 index rallied off the back of the better than expected payroll. Close0 reaching a record and the nasdaq and dow jones, gains. Jones up lack the the other big story was what happened in commodities. We saw french Oil Prices Rebound along with a bloomberg commodities index. Boy, did they take a sliding down. , oil iser the rebound back where it was before opec announced production cuts. Downloomberg dollar index almost 0. 5 despite the jobs report. This isrony in all of this part of the world has not really had a chance to react in this volatility we have been seeing as this part of the world under two hours away from the obligor of the in terms of what happened, we pull out the index and slap on the mrr gold function to see which companies have ....

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Dubai Unveils New Investment Fund With Billions in Assets

(Bloomberg) Dubai is setting up a new fund to drive investments in strategically-important projects, adding to a constellation of state-backed wealth funds in the region that manage close to $4 trillion.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesHarvard’s Deepening Disunity Pits Alumni Against FacultyJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonRaimondo Vows ‘Strongest Possible ....

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Dubai pools assets in new fund to invest abroad

The fund will have responsibility for investing government funds, surpluses and general reserves, the Office said in a statement, adding that it would focus on investments in stocks and bonds and explore prospects both domestic and foreign. "Dubai is on a much stronger fiscal footing," said Tarek Fadlallah, chief executive of Nomura Asset Management in the Middle East. ....

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Dubai unveils investing force to house assets worth billions

The Dubai Investment Fund will house assets worth billions of dollars and invest government funds, surpluses and the general reserve locally and internationally, state-run news agency WAM said on Monday. ....

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A real economic transformation is underway in Saudi Arabia

Tarek Fadlallah is managing director and CEO of Nomura Asset Management's Middle East branch. The views expressed herein are his own and not those of Nomura.… ....

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