UAE. Market setback was short-lived with not enough good news in the pipeline for a break out to the upside; We prefer Russia and China in emerging markets; Watch out in case US bond yields break to the upside; Dubai's DFM has opportunity and volatility.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
UAE. UAE textile industry is undergoing major reorientation toward non-clothing applications; UAE export share ahead of Germany, France, Italy, Spain, Netherland and China; World textile and apparel trade expected to reach US$805 billion by 2015.