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UAE best performing market in July

The best performing Arab market this year is...

August 9, 2009 4:38 by

Markets in the UAE, Saudi Arabia and Qatar have witnessed a boost this month thanks to better than expected banking sector, according to a report by Dubai-based investment bank Rasmala. The UAE was the best performing market this month, with the MSCI UAE index gaining 10.1 percent. Egypt continues to be the best performing Arab market so far this year, says the report.

Kuwait was one of the worst performing markets in July, falling by 5 percent .

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