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- Sorouh, Aldar Surge as They Seek Merger in June: Abu Dhabi Mover
Sorouh Real Estate Co. (SOROUH) and Aldar Properties PJSC (ALDAR) rallied after the biggest developers in Abu Dhabi sought to complete their merger this month, helping the benchmark index rebound from losses.
June 13, 2013 - Bloomberg - Equity Bull Market Intact as Falcon Sees Central Bank Support
Falcon Private Bank, the wealth manager owned by an Abu Dhabi sovereign wealth fund, expects stock declines to be temporary as fund managers move from bond purchases and central banks step in to support asset prices.
June 13, 2013 - Bloomberg - Abu Dhabi Shares Jump as MSCI Upgrades U.A.E. to Emerging Market
Abu Dhabi’s shares gained the most since 2009 and Dubai’s index rose after MSCI Inc. upgraded the United Arab Emirates to emerging-market status, stoking bets the markets would extend two of the world’s top-5 equity rallies.
June 12, 2013 - Bloomberg