UAE, 2nd Largest Regional Stock Market,

In Arab countries, who is on the stock markets' top index is a competition among each other. It is where a country's economy can be measured.



Among the stock markets in the Middle East, UAE stock market is now on the second spot, replacing Kuwait which landed on the third.

The new post of UAE stock market as the second largest regional stock market is definitely a non-debatable issue, because of its excellent performance. As a matter of fact, the share volumes in UAE stocks are more than tripled in the first quarter of 2008 as compared with the same quarter last year.

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UAE Stocks Updates

Here's an updated reports of UAE stock and shares markets:

Samba Financial Group, the second-largest bank in the kingdom, gained 6.1 percent to 95.5 riyals.

The Kuwait Stock Exchange Index retreated 0.6 percent, while the Bahrain All Share Index advanced 0.4. Oman's Muscat Securities Market 30 Index dropped 0.4 percent and Qatar's Doha Stock Market lost 0.2 percent.

Doha Bank Ltd. gained 3.9 percent to 84.7 riyals. Qatar's fifth-biggest lender by market value was rated ``overweight'' in new coverage at Morgan Stanley with a price estimate of 111 riyals.

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Recession is Good News for UAE?

US Recession is good news for UAE, as some economists, as interviewed by Emirates Business, said it offers favorable oppurtunities for the UAE economics. Find out why?

The old adage used to be that when the US sneezes, the rest of the world catches a cold, but economic dynamics have changed markedly over the past few years with the rise of sleeping giants such as India and China and the newfound confidence of the oil-rich Gulf.

That is not to say Asia will not be affected by a US slowdown, but its impact will be less severe than it would have been in the past.

Indeed, in its April World Economic Outlook, the International Monetary Fund (IMF) downgraded its economic forecasts for all regions apart from the Middle East, which it now says will see its GDP rise by 6.1 per cent in 2008.

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