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Saudi, Kuwait climb again as UAE, Qatar underperform

  DUBAI / Reuters Middle East stock markets were mixed on Sunday as uptrends in Saudi Arabia and Kuwait continued to divert regional investors’ money away from the United Arab Emirates and Qatar. The Saudi index, which climbed 3.8 percent last week, rose a further 0.7 percent. Miner Ma’aden jumped 5.3 percent after issuing a statement describing progress in expanding ...

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Wal-Mart to Wall Street dream dies as Citadel Securities CEO out

  Bloomberg Kevin Turner, who joined Citadel Securities as chief executive officer after a career that led from Wal-Mart cashier to the top-paying job at Microsoft Corp., is leaving the market-making firm just months after he was hired. Peng Zhao, previously global head of market making, replaced Turner as CEO, said company spokesman Zia Ahmed. When it was announced in ...

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Digital transformation can boost UAE GDP by AED51.4bn in 3 years

  Dubai / Emirates Business Today we live in a world where we can complete our most routine, yet often time consuming tasks, be it doing the laundry, booking transportation, scheduling a delivery, or merely ordering food, with the touch of a button. And in a market where there is a distinct appreciation for convenience, this is proving to be ...

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