Minimalism returns

ENAR

Minimalism is back in force on the region’s security markets and minimalism thus is in order for reporting on week 33 in the bourses of the Middle East and North Africa. Weekly index gains were topped by rises of 3.4 and 2.6 percent in Doha and Abu Dhabi in the Gulf and by a 3 percent climb in the EGX 30; drops deserving that name were restrained to 1.5 percent in Jordan and 1.2 percent in Bahrain. Concerning news, the Egyptian government adjusted its statements on the Suez Canal’s new upgrade to say that financing would be by investment certificates instead of an initial public offering and regional property leader Emaar clarified in a market disclosure that the date for the initial public offering of its Malls Unit has not been finalized yet. Local media reports implying a flotation in September were “purely speculative,” the company said. After ingesting this store