Tuesday 29, July 2008 by Mike Gallagher

Profit-taking knocks the wind out of MENA market sails on Tuesday

Profit-taking once again pulled MENA markets well into the red on Tuesday ahead of a shortened trading week. The biggest casualty of the day was the MSM-30 in Oman which plunged by 3.64 per cent as investors pulled funds out of the region to help shore up investments in weaker western markets.

Features & Analyses

Economics IMF updates on Iraq economy

Recent macroeconomic developments have been broadly positive in Iraq. Economic growth in Iraq reached 8.4 per cent in 2012 and… read more