AME Info News - Finance and EconomyFinance and Economy latest news and featuresQIA's Sainsbury stake now 26%- July 5, 2008 The Qatari Investment Authority (QIA) has raised its stake in J Sainsbury to 26%, Reuters has reported. QIA has bought a further 12.36 million shares between June 25 and July 2, taking its total holding to 454.52 million shares, from a previous stake of 25.3% of the company's share capital. AMEInfo.comhttp://www.ameinfo.com/162484.html Iran inflation hits 26.4%- July 5, 2008 Iran's annual inflation went up to 26.4% as consumer prices continued to climb steadily, Reuters has reported. Iran's central bank has announced consumer prices hiking by by 2.2%, Mehr News agency has cited. Analysts say inflation is blamed on the nuclear standoff, making foreign firms wary of investing in Iran. AMEInfo.comhttp://www.ameinfo.com/162482.html Five Gulf markets close week up- July 3, 2008 Five Gulf markets closed the week up, with just Kuwait and the Tadawul declining. The Abu Dhabi Securities Exchange rose 2.5% over the week, despite being down 0.31% today. The Doha Securities Market closed the week up 2.4%, but declined today by 0.07%. The Dubai Financial Market rose 1.3% for the week, but fell 0.40% today. Muscat rose 1.2% for the week and 0.88% during trading today, while Bahrain was up 0.84% after five days of positive trading, closing up 0.19% on the day. Kuwait closed...http://www.ameinfo.com/162476.html UAE markets end lower- July 3, 2008 The Dubai Financial Market on Thursday lost 22.28 points, or 0.40%, to close on 5,508. Market heavyweight Emaar fell 1.83%. Meanwhile, the Abu Dhabi Securities Exchange lost 15.57 points, or 0.31%, to end the day on 5,080. AMEInfo.comhttp://www.ameinfo.com/162452.html Citadel to open office in Dubai- July 3, 2008 Cairo-based Citadel Capital is establishing a subsidiary in Dubai to be named Citadel Capital Institutional Fundraising. The office, a component of the firm's ongoing effort to expand its institutional fundraising, will be headed by global financial veteran Stephen A. Murphy. AMEInfo.comhttp://www.ameinfo.com/162422.html |