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Email this article: UAE amends stock ownership rules in transparency move
Posted: Tue June 12, 2012 1:01 pm
UAE. Markets must be notified of intention to buy over 30% stakes; UAE lacks proper takeover code for publicly listed cos; Analyst says enforcement action needed.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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