Dubai exchange divests LSE stake; German consumer confidence rises as do U.K. retail sales; Europe private credit shows contraction.
The cartel of oil producers has abdicated control since 2008. The result has been massive oil price swings that would put most roller coasters to shame.
With national coffers flush with oil and gas revenues, countries in the Gulf are ramping up spending — and pushing up regional equities as a result.
Why Qatar and the UAE can’t seem to hit it off with MSCI.
The emirate’s outlook improves thanks to aggressive bank debt restructuring and an uptick in trade and tourism, but don’t break out the champagne just yet.
Dubai clearly cannot resolve the issue of short-term maturing debt on its own.