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Saturday, 21 November 2009 10:27 UAE time

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Merrill Lynch

Main Category: Commercial Bank
City : Dubai
Country : United Arab Emirates
Website: www.ml.com


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ALL STORIES LIST


GCC recovery predicted, 3% growth seen in 2010

Merrill Lynch report says region is 'well positioned' to rebound from global crisis.

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'Big returns' to be had in Saudi market - Merrill Lynch

Stocks in largest Arab economy could rise amid more clarity on Saad, Algosaibi scandal.

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'Significant' oversupply of Qatar homes by 2012

Merrill Lynch sees 'significant overhang' of real estate in Qatar as expats leave.

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Egypt's central bank sanctions half-point interest rate cuts

Rate cut comes after finance minister warned last month that growth will slow.

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Qatar inflation seen falling to 7% in 2010 - report

Merrill Lynch says Qatar will continue to be one of world's fastest growing economies.

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Qatar stocks offer best value in Gulf - analysts

All Gulf stocks are 'very cheap', but investors need to be selective, says Merrill Lynch.

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Oil price will hit $56 in second half of 2009 - analyst

Price will rise steadily but will not reach $90 for another 2-3 years, Merrill Lynch.

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Merrill Lynch sees oil price stabilising but no recovery

Analysts predict price of around $44 a barrel for H1, rising to $56 during H2.

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Savings are the key to Gulf region’s rebound

Savvy spending by local governments can power the Gulf's early recovery from the credit crisis.

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Oil output could fall by 30m bpd by 2015 - Merrill

Report says the world needs to replace equivalent of Saudi output over two years.

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Gulf unemployment to rise 'for 2-3 years' - Merrill Lynch

Chief investment officer also says Dubai property prices will fall further before recovery.

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Merrill Lynch says oil price could fall to $25

Research report predicts further declines in first half of 2009 before recovery begins.

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Merrill gives Emaar AED3 price target

US bank gives Dubai developer 'neutral' rating due to market conditions turning for worse.

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Merrill man predicts more turmoil

Merrill Lynch CEO, John Thain, gave his assessment of the global financial crisis and its impact in the Arabian Gulf to reporters in Dubai last month.

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Merrill Lynch slashes 2009 oil price forecast to $50

US bank lowers estimate for next year from $90 on fears of global fall in demand.

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Merrill good long-term investment - Thain

CEO moves to calm concerns in Kuwait that gov't lost money from investment in US bank.

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Merrill man predicts more turmoil

Merrill Lynch CEO John Thain gives his assessment of the global financial crisis and its impact in the Gulf.

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Merrill turns to Gulf in face of US crisis

UPDATE 1: US bank to open Kuwait, Qatar offices, expand wealth management business, CEO says.

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Gulf economic growth set to slow

Merrill Lynch cuts GDP growth forecasts for UAE, Saudi, Qatar and Kuwait due to global downturn.

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On the seventh day, they worked, amid finance crisis

From Wall Street to Washington, the US credit crisis has claimed the leisurely weekend.

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Commodities RIP as leverage disappears

Commodities markets are heading for the biggest annual decline since 2001 as investors exit.

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India tops world list for new millionaires

Country sees 22% growth in millionaires buoyed by booming economy, according to new wealth report.

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Citigroup stake loses Kuwait $270mn

UPDATE 2: No loss from Merrill Lynch investment, up to $600mn profit from Visa stake, KIA MD says.

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Central bankers dismiss US turmoil threat

UPDATE 2: Governors say no serious impact from Lehman, Merrill Lynch troubles in Gulf.

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Lehman collapses, Merrill taken over

US investment banks become latest victims of deepening financial crisis on Wall Street.

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Bad news bears see no value in value

Who would be a stock picker in the Gulf? Despite the market's downward direction analysts tell us there's value to be had out there.

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UAE inflation surges to 13% - Merrill

Housing and food costs drive inflation up in H1, but economic slowdown in H2 to provide some relief.

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Merrill ups Abu Dhabi banks earnings forecast

Investment bank raises earning estimates on back of strong first half, booming outlook.

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Wealthy kids to get lessons in finance

Merrill Lynch investment bank plans to teach children how to make most of money they inherit.

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Analysts predict end to dollar peg

Experts say UAE, Qatar currencies will appreciate by 5% by year-end if policy changes.

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Gulf cashing $1bn a day from record oil prices

Six Gulf states to bank $360bn in 2008 to add to $750bn made over last five year - Merrill.

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KIA defends Citi, Merrill investments

Kuwait wealth fund under fire from local media and parliament for investing $5bn in banks.

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Mideast super-rich soar on record oil revenues

Region's millionaires jump 15.6% to around 400,000, while wealth hits $1.7tn - Merrill.

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Merrill shifts top banker to Dubai

15-year veteran Amir Sadr appointed MD of investment bank's regional wealth management division.

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Merrill ups GCC growth forecast

Rising oil prices, high growth in non-oil sectors sees advisory firm up yearly growth forecast to over 6%.

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Kuwait considering bigger Citi, Merrill stakes

KIA eyeing investments in financial sector, would invest in US banks if opportunity.

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Qatar labels Merrill depeg report 'baseless'

Finance Minister Kamal says no truth in report Gulf state to ditch dollar peg within six months.

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Ditching dollar peg a boon for region

Region's import dependence and high remittance make depegging good news, analysts say.

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US green light for Gulf currency reform

UAE and Qatar are likely to move to currency basket in next few months, says Merrill report.

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Subprime woes hit Arab Banking

Bahrain bank aims to raise $1bn in share sale after reporting second quarterly loss on risky US investments.

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100% pay rise for expats

UAE emirate Umm Al Qaiwain considering unprecedented pay hike amid growing concern over inflation.

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New rich of India

A new generation of wealth from India is attracting the attention of the world's biggest banks.

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Wealth fund invetments in West to grow

Questions over motives of state-backed funds will abate, according to Dubai Group chief exec.

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Funds invest $24.4bn last two months

Investment made by sovereign wealth funds almost half volume invested in 2007, data shows.

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Paying the price

As Gulf policymakers find ways to curb rampant inflation, economists are warning against price controls.

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Abu Dhabi moves to soothe US fund fears

Emirate writes letter to US Treasury pledging not to use sovereign wealth funds for political ends.

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Buffett rebukes wealth fund critics

Billionaire US investor blames US trade policy for epic rise of sovereign investment funds.

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$60bn Qatar fund to shun US banks

But European lenders likely to see $15bn of investments over next two years, says prime minister.

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West's funding fears 'irrational' - minister

Concerns over sovereign wealth funds shows 'nationalistic backlash' says Singapore official.

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Is it time to ditch the dollar peg?

De-pegging against the dollar may be the best and only way to combat inflation, and secure the region's economic boom.

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Families to suffer as global food crunch sends prices soaring

Cost of basic foods will continue to rise due to demand from emerging markets.

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Gulf businesses take inflation hit

62% of companies badly affected, with costs rising faster than they can be passed on to customers.

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Recession will not kill off US oil demand

Economic slowdown will have only small impact on demand from world's largest oil consumer, Merrill says.

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Qatar studying dollar peg - official

Economic advisor to Gulf state's ruler says pegging riyal to one currency has 'many disadvantages'.

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UAE inflation in danger of hitting 12% this year

Gulf states' peg to US dollar likely to drive inflation up in 2008, Merrill Lynch warns.

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Subprime crisis to hit Gulf banks' earnings

Regional banks who thought investments were safe discovering underlying assets subprime, bankers say.

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Kuwait steps in to sure up Citigroup and Merrill

Kuwait Investment Authority to invest $3bn in Citigroup and $2bn in Merrill.

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Sovereign funds in spotlight as US banks come calling

Citigroup and Merrill Lynch seeking extra funding in wake of subprime crisis.

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Merrill seeking $4bn, Kuwait to be signficant investor

Kuwait Investment Authority likely to be latest Gulf fund to take stake in US bank.

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Robin Lohmann: Living life with passion

Alternative Capital Invest (ACI) is one of Germany's most established asset management firms. The group founded the Dubai-based ACI Real Estate in 2004. Amy Glass meets managing director Robin Lohmann to discuss Dubai opportunities and his firm's mantra: location, location, location.

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Gateway to China

Can Hong Kong work as an investment platform into the world's most populous nation for Middle East investors?

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Agribusiness set to blossom thanks to biofuels indices

The demand for renewable fuel is set to surge, and Merrill Lynch has taken notice.

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Investment Dar may sell shares to Merrill

Kuwaiti firm considering sale as part of plans to raise its share capital by up to 30%, report says.

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Why we'll never forget July 1

James Bennett explains why July 1 is one of the most significant moments in the GCC's 26-year history.

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Money money money

What affect the growing number of millionaires in the region is having on the wider economy.

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Saudi lags behind UAE in wealth growth

There are now 68,100 millionaires in the Emirates, with a 15.4% growth rate outstripping that of KSA and the rest of the world.

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Why the Saudis are being left behind

"They don't know what they're doing. They don't do any homework. They don't do proper research."

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Growth in individual wealth to soar

Merrill Lynch says growth in Middle East wealth will outstrip that of the rest of world.

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Merrill Lynch gets Saudi Licence

World's largest brokerage has been granted a licence to operate in Saudi Arabia.

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MENA mortgage market set to grow

But the region must also develop finance options to meet diverse housing needs, report says.

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Marketing the market

Arabian Business reports on why last week's investor conference in London could be just the beginning of the DFM's global drive for institutional investors.

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Bahrain says currency union on track

Finance Minister says that a proposal for the mechanisms of a single currency will be agreed in June.

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King of the road

Bentley's regional director meets Andrew Mernin and reveals his route plan for the Mideast and beyond.

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Merrill Lynch appoints ME Director

Global Private Client group resident director named.

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The wealth doctor

Soha Nashaat tells Alexandra Dubsky how, after an international career in banking, she found her niche in the Middle East.

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Merrill launches 'hedonism' index

The Merrill Lynch LifeStyle Index will feature fashion trendsetters and high-end automobile companies.

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Merrill Lynch clinches DIFC license

The company will use its expanded Dubai base to bolster its Islamic financial services operations.

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GCC's $150bn spend on infrastructure

New report predicts massive investment in road, electricity and water projects over the next three years.

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Brokerage leader invests in LNG production facilities

Merrill Lynch, along with other US investment firms, sees potential to make money from

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Whole world in his hands

James Bennett meets one of the youngest, most powerful and fastest rising Arab bankers on the planet and learns why in just six years he has already become a financial legend

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READER COMMENTS

  1. Somali pirates free UAE-owned cargo ship 02
    21 Nov ' 09 at 07:58
    In the old days pirate ships were blown out of the water as soon as spotted.Now they have to wait until they attack a ship and then...   More  »
  2. UAE announces Eid and National Day holidays 01
    20 Nov ' 09 at 15:56
    Eid and National Day are two great occassions and very close to each other. It would be a great act for the UAE authorities to extend...   More  »
  3. Where have all the optimists gone? 01
    20 Nov ' 09 at 16:54
    Dubai unfortunate is not more in fashion, the bubble was big , the growing went fast and the down turn even faster.Many of my clients...   More  »

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