 | Global stocks, euros
tumble over Spain
US AND European stocks fell on
Friday and the euro hit record
lows after Spain´s heavily indebted
Valencia region asked for
financial aid, increasing investor
fears that the Spanish government
will seek a full-blown
bailout.
Valencia sought help under an
18 billion euro ...
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| | Financial
sector leads
trade value
at QE with
36% share |  THE Qatar Exchange
(QE) showed a mixed performance
during the fiveday
week that began on
Sunday and ended on
Thursday.
The official QE Index
increased by 0.05 percent
over previous week´s closing
and finished the week
at 8,281.26 points on
Thursday last.
The cap weighted
Alshall index closed at
1,172.76 points, rising
0.34 percent compared to
previous week´s closing at
1,168.74.
The index is produced
by Alshall Economic
Services QSC, a Qatarbased
business advisory
services company.
The total value of trade
during the five trading
days was QR776,546,327.
This represents a
decrease of -18.4 percent
compared to the value of
the previous week
(QR576,646,858) (five
trading days).
The financial services
sector led ... | | | Ex-bankers go solo to tap into Gulf financial market |  AFTER a 16-year career at
Morgan Stanley Lebanese-born
banker May Nasrallah detected
a gap in the Middle East market
for advising small companies,
quit her job to set up her own
financial advisory firm in
Dubai.
Three years on, she has lured
a number of her former Morgan
Stanley colleagues to join her
company, deNovo Corporate
Advisors.
Nasrallah, who grew up mostly
in Kuwait, is one of at least a
dozen senior bankers in the
Middle East who since the global
financial crisis have opted to
give up careers at large financial
institutions to become entrepreneurs
in the Gulf´s expanding
financial industry.
Global banks flocked to the
Gulf during the boom years of
2003 to 2007, to make a quick
buck, but as the global financial... | | | QIA in talks to buy stake
in Morgan Stanley unit |  MORGAN Stanley is in
advanced talks over selling a
stake in its multibillion-dollar
commodities trading division
to Qatar´s sovereign wealth
fund, CNBC reported on
Friday, citing people familiar
with the matter.
Talks have recently focused
on the Qatar Investment
Authority buying a minority
stake, according to one of the
people, CNBC reported on its
website. It said a deal might be
imminent, but cautioned the
exact terms could not be
determined and that discussions
could still fall apart.
A Morgan Stanley spokeswoman
declined to comment.
Morgan Stanley, whose
commodity unit was one of
the original "Wall Street refiners"
that pioneered the energy
derivatives market two
decades ago, was first reported
to be ... | |
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