MIDEAST STOCKS-Emaar Malls IPO may temporarily siphon more money from Dubai
Dubai's bourse may remain soft on Wednesday as retail investors temporarily take money from the market in order to participate in the initial public offer of Emaar Malls Group (EMG), while Saudi Arabia and Egypt look more positive.
Dubai's Emaar may rise as investors seek priority in unit's IPO
Shares in Emaar Properties, may rise on Wednesday, the last trading day when buyers can gain the right to priority allotment in the initial public offer of Emaar's malls unit.
GCC takaful contribution to reach USD8.9b in 2014- report
GCC gross takaful contribution is estimated to reach around USD 8.9 billion in 2014 from an estimated USD 7.9 billion in 2013, according to EY.