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	<title>Stock Market News &#38; Stocks to Watch from StraightStocks &#187; Frontier Markets</title>
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	<description>Leading Stock Market News, Opinions and Commentary</description>
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		<title>Maturing debt markets anchor emerging economies’ resilience, V-shaped recovery</title>
		<link>http://www.straightstocks.com/investing-lessons/maturing-debt-markets-anchor-emerging-economies%e2%80%99-resilience-v-shaped-recovery/</link>
		<comments>http://www.straightstocks.com/investing-lessons/maturing-debt-markets-anchor-emerging-economies%e2%80%99-resilience-v-shaped-recovery/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 03:24:23 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[Absa Capital]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Antoine van Agtmael]]></category>
		<category><![CDATA[Antoinette Sayeh]]></category>
		<category><![CDATA[Argentina]]></category>
		<category><![CDATA[bank supervisors]]></category>
		<category><![CDATA[Basel]]></category>
		<category><![CDATA[Botswana]]></category>
		<category><![CDATA[capital raising solutions]]></category>
		<category><![CDATA[central Asia]]></category>
		<category><![CDATA[Central Banks]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[chairman and CIO]]></category>
		<category><![CDATA[CIO]]></category>
		<category><![CDATA[Daniel Broby]]></category>
		<category><![CDATA[Development Bank]]></category>
		<category><![CDATA[director]]></category>
		<category><![CDATA[Ecuador]]></category>
		<category><![CDATA[Emerging Markets Management LLC]]></category>
		<category><![CDATA[Global Quantitative Management]]></category>
		<category><![CDATA[Globalizing Financial Systems]]></category>
		<category><![CDATA[Gross national product]]></category>
		<category><![CDATA[Hashemite University in Jordan]]></category>
		<category><![CDATA[head]]></category>
		<category><![CDATA[Head of African Research]]></category>
		<category><![CDATA[insurance industries]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[investment banking group]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Jason Toussaint]]></category>
		<category><![CDATA[Jordan]]></category>
		<category><![CDATA[Jpmorgan]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Mohamed Bahaa]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Northern Trust]]></category>
		<category><![CDATA[observer]]></category>
		<category><![CDATA[Pakistan]]></category>
		<category><![CDATA[Per Daniel Broby]]></category>
		<category><![CDATA[Philip Turner]]></category>
		<category><![CDATA[Razia Khan]]></category>
		<category><![CDATA[secretariat group]]></category>
		<category><![CDATA[senior investment strategist]]></category>
		<category><![CDATA[Silk Invest]]></category>
		<category><![CDATA[Standard Chartered Bank Group]]></category>
		<category><![CDATA[Stephen van Coller]]></category>
		<category><![CDATA[sub-Saharan Africa]]></category>
		<category><![CDATA[Tanzania]]></category>
		<category><![CDATA[then-BIS head of the secretariat group]]></category>
		<category><![CDATA[Ukraine]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1033</guid>
		<description><![CDATA[The following appeared in the November issue of Business Diary Botswana:
Despite the IMF&#8217;s recent projection that Botswana’s economy will contract 10.3% this year, the lender expects a 4.1% uptick next year such that emergency funding would not be required.  Back in June the country tapped a $1.5bn &#8220;budget support loan&#8221; from the African Development [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1033&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/maturing-debt-markets-anchor-emerging-economies%e2%80%99-resilience-v-shaped-recovery/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Abyaar net profit surge could spur sukuk</title>
		<link>http://www.straightstocks.com/investing-lessons/abyaar-net-profit-surge-could-spur-sukuk/</link>
		<comments>http://www.straightstocks.com/investing-lessons/abyaar-net-profit-surge-could-spur-sukuk/#comments</comments>
		<pubDate>Sun, 15 Nov 2009 15:42:06 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[Abyaar Real Estate Development Company]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Hesham Abdul Wahab Al Obeid]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kuwait]]></category>
		<category><![CDATA[Managing Director]]></category>
		<category><![CDATA[Qatar]]></category>
		<category><![CDATA[Rashed Al-Rashdan]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1030</guid>
		<description><![CDATA[Kuwait-based Abyaar Real Estate Development Company (Abyaar), which develops and manages properties in the UAE and in Dubai in particular, recently announced a net profit for the first nine months of 2009 of KD5 million ($17.5 million) and an EPS of 6.90 fils (a subdivision of currency used in many Arab countries, where KD1 roughly [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1030&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/abyaar-net-profit-surge-could-spur-sukuk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Growth, inflation creeping up as Egyptian equities shine</title>
		<link>http://www.straightstocks.com/investing-lessons/growth-inflation-creeping-up-as-egyptian-equities-shine/</link>
		<comments>http://www.straightstocks.com/investing-lessons/growth-inflation-creeping-up-as-egyptian-equities-shine/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 17:58:10 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1027</guid>
		<description><![CDATA[Credit Suisse, for one, is maintaining an &#8220;overweight&#8221; rating on Egyptian equities in light of the country&#8217;s robust GDP growth&#8211;the strongest in 2009-10 GDP in the mainstream Europe, Middle East and African (EMEA) region&#8211;as well as its &#8220;solid external position and low currency risk.&#8221;  In particular, the investment bank views Egypt as a &#8220;manufacturing [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1027&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/growth-inflation-creeping-up-as-egyptian-equities-shine/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>As urea goes, so does QAFCO, Industries Qatar</title>
		<link>http://www.straightstocks.com/investing-lessons/as-urea-goes-so-does-qafco-industries-qatar/</link>
		<comments>http://www.straightstocks.com/investing-lessons/as-urea-goes-so-does-qafco-industries-qatar/#comments</comments>
		<pubDate>Sat, 07 Nov 2009 22:04:38 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[Abdulla Salatt]]></category>
		<category><![CDATA[Analyst]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[EFG-Hermes]]></category>
		<category><![CDATA[going forward]]></category>
		<category><![CDATA[Hala Fares]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[natural gas reserves]]></category>
		<category><![CDATA[natural gas sector]]></category>
		<category><![CDATA[oil revenue]]></category>
		<category><![CDATA[Qatar]]></category>
		<category><![CDATA[Shuaa Capital]]></category>
		<category><![CDATA[South America]]></category>
		<category><![CDATA[Sowaidi]]></category>
		<category><![CDATA[steel]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1025</guid>
		<description><![CDATA[According to Abdulla Salatt, chairman of the company&#8217;s fertilizer unit (QAFCO), Industries Qatar&#8211;the country&#8217;s largest firm by market cap&#8211;will increase production of urea (used as a nitrogen-release fertilizer) and related products to supply growing global demand with a specific focus on South America, and in particular, Brazil.  &#8220;We are thinking of sending more products to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1025&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/as-urea-goes-so-does-qafco-industries-qatar/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Competition, yield dilution may hamper Air Arabia in 2010</title>
		<link>http://www.straightstocks.com/investing-lessons/competition-yield-dilution-may-hamper-air-arabia-in-2010/</link>
		<comments>http://www.straightstocks.com/investing-lessons/competition-yield-dilution-may-hamper-air-arabia-in-2010/#comments</comments>
		<pubDate>Sun, 01 Nov 2009 16:03:15 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[Abdullah Bin Mohammed Al Thani]]></category>
		<category><![CDATA[Adel Ali]]></category>
		<category><![CDATA[AED;]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Air Arabia]]></category>
		<category><![CDATA[Airline]]></category>
		<category><![CDATA[Airline Industry]]></category>
		<category><![CDATA[budget carrier]]></category>
		<category><![CDATA[budget travel]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Hospitality Group]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kuwait’s Jazeera Airways]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Reuters]]></category>
		<category><![CDATA[Travco Group]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1023</guid>
		<description><![CDATA[UAE-based budget carrier Air Arabia, the Arab world&#8217;s largest listed carrier, announced its intentions to build a new hub in Egypt that would offer connections to Europe, Africa and the Middle East, one month after formalizing a partnership with Egypt’s Travco Group, the Middle East’s largest travel and hospitality group.  “At a time when the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1023&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/competition-yield-dilution-may-hamper-air-arabia-in-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“New Normal” for Dubai means back to borrowing?</title>
		<link>http://www.straightstocks.com/investing-lessons/%e2%80%9cnew-normal%e2%80%9d-for-dubai-means-back-to-borrowing/</link>
		<comments>http://www.straightstocks.com/investing-lessons/%e2%80%9cnew-normal%e2%80%9d-for-dubai-means-back-to-borrowing/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 16:28:11 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Analyst]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai’s government]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[Emirates Interbank]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Oil Prices]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1020</guid>
		<description><![CDATA[Dubai&#8217;s government returned to the open bond market upon a growing sense that the notoriously &#8216;profligate&#8217; emirate&#8211;as at least one analyst has previously criticized it in comparison to its more steady, oil-fueled sibling Abu Dhabi&#8211;can be trusted not to default on its $80bn or so of outstanding debt.  On the heels of last week&#8217;s [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1020&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/%e2%80%9cnew-normal%e2%80%9d-for-dubai-means-back-to-borrowing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alcantra CIS paper fund launched amidst shaky environment</title>
		<link>http://www.straightstocks.com/investing-lessons/alcantra-cis-paper-fund-launched-amidst-shaky-environment/</link>
		<comments>http://www.straightstocks.com/investing-lessons/alcantra-cis-paper-fund-launched-amidst-shaky-environment/#comments</comments>
		<pubDate>Wed, 28 Oct 2009 12:56:50 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1015</guid>
		<description><![CDATA[Euromoney reports the launch of London-based Alcantara Asset Management&#8217;s Russia and CIS Fixed Income Opportunities Fund, which will reportedly focus on relative value and long-only opportunities in the fixed income markets in Russia, Ukraine and Kazakhstan, and which will be lead by the firm&#8217;s founders, former JPMorganers Sergey Grechishkin and Andrei Taskin.  &#8220;Relative value&#8221;, a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1015&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/alcantra-cis-paper-fund-launched-amidst-shaky-environment/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>MyStockVoice.com</title>
		<link>http://www.straightstocks.com/investing-lessons/mystockvoice-com/</link>
		<comments>http://www.straightstocks.com/investing-lessons/mystockvoice-com/#comments</comments>
		<pubDate>Thu, 22 Oct 2009 00:10:06 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Paul Harper]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1013</guid>
		<description><![CDATA[There is loads of great information and commentary on the entire gamut of emerging and frontier markets over at MyStockVoice.com, headed by a Facebook connection of mine, Paul Harper, whose knowledge of emerging telecoms in particular is probably second to none.
       <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1013&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/mystockvoice-com/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“Virgin” Libya on the cusp of massive tax reform-fueled FDI</title>
		<link>http://www.straightstocks.com/investing-lessons/%e2%80%9cvirgin%e2%80%9d-libya-on-the-cusp-of-massive-tax-reform-fueled-fdi/</link>
		<comments>http://www.straightstocks.com/investing-lessons/%e2%80%9cvirgin%e2%80%9d-libya-on-the-cusp-of-massive-tax-reform-fueled-fdi/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 16:29:56 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[construction services]]></category>
		<category><![CDATA[development agency;]]></category>
		<category><![CDATA[Economic & Social Development Fund]]></category>
		<category><![CDATA[Economic Development Board]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[energy cities]]></category>
		<category><![CDATA[energy hubs]]></category>
		<category><![CDATA[Fluor Corporation]]></category>
		<category><![CDATA[Gulf of Sitre]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Libya]]></category>
		<category><![CDATA[Marsa el-Brega]]></category>
		<category><![CDATA[Noc]]></category>
		<category><![CDATA[Oil And Gas]]></category>
		<category><![CDATA[oil-rich industrial cities]]></category>
		<category><![CDATA[produce plastics]]></category>
		<category><![CDATA[Ras Lanuf]]></category>
		<category><![CDATA[Tripoli;]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1011</guid>
		<description><![CDATA[Interesting piece from MEED vis a vis Tripoli&#8217;s $54bn, 20-year commitment to develop joint ventures with multinational firms in order to transform the Gulf of Sitre&#8211;and namely the oil-rich industrial cities of Marsa el-Brega and Ras Lanuf&#8211;into energy hubs founded on oil and gas processing and distribution, as well as into a resort destination.  The two cities lack [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#038;blog=3702668&#038;post=1011&#038;subd=frontiermarkets&#038;ref=&#038;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/%e2%80%9cvirgin%e2%80%9d-libya-on-the-cusp-of-massive-tax-reform-fueled-fdi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bright future for Orascom Construction?</title>
		<link>http://www.straightstocks.com/investing-lessons/bright-future-for-orascom-construction/</link>
		<comments>http://www.straightstocks.com/investing-lessons/bright-future-for-orascom-construction/#comments</comments>
		<pubDate>Sun, 18 Oct 2009 03:02:40 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1007</guid>
		<description><![CDATA[In upgrading Orascom Construction Industry (OCI)&#8211;Egypt&#8217;s largest listed builder and also the country&#8217;s biggest producer of nitrogen fertilizers&#8211;local investment bank CI Capital noted that the firm&#8217;s net EBITDA is largely a function of fertilizer prices, which most analysts expect to rise up to a further 40% in 2010.  &#8220;We believe OCI&#8217;s 2010 fertilizer margins [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1007&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/bright-future-for-orascom-construction/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>KIPCO bond another step for region’s still nascent paper market</title>
		<link>http://www.straightstocks.com/investing-lessons/kipco-bond-another-step-for-region%e2%80%99s-still-nascent-paper-market/</link>
		<comments>http://www.straightstocks.com/investing-lessons/kipco-bond-another-step-for-region%e2%80%99s-still-nascent-paper-market/#comments</comments>
		<pubDate>Sat, 10 Oct 2009 20:41:13 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1005</guid>
		<description><![CDATA[Investment firm Kuwait Projects Co.&#8217;s (KIPCO) seven-year, $500 million benchmark bond&#8211;which featured a fixed 8.875% rate and were priced at a spread of 608 bps above the USD mid-swap curve, fetched orders in excess of $3.3 billion this past week, signaling further maturation of the Gulf&#8217;s debt markets.   The bond was not only the first [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1005&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/kipco-bond-another-step-for-region%e2%80%99s-still-nascent-paper-market/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<title>If Oman’s the ‘odd one out,’ then Bank Muscat is ‘in’</title>
		<link>http://www.straightstocks.com/investing-lessons/if-oman%e2%80%99s-the-%e2%80%98odd-one-out%e2%80%99-then-bank-muscat-is-%e2%80%98in%e2%80%99/</link>
		<comments>http://www.straightstocks.com/investing-lessons/if-oman%e2%80%99s-the-%e2%80%98odd-one-out%e2%80%99-then-bank-muscat-is-%e2%80%98in%e2%80%99/#comments</comments>
		<pubDate>Fri, 09 Oct 2009 17:40:31 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1003</guid>
		<description><![CDATA[A recent FT piece quoted Bank of America Merrill Lynch analysts who estimate that Oman&#8217;s real economic growth rate will &#8220;continue to be relatively healthy, at 4% this year and 5.4% in 2010.&#8221;  And while down from an estimated 6.2% growth of last year, the bank concluded that &#8220;in the region this [growth] will be [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1003&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/if-oman%e2%80%99s-the-%e2%80%98odd-one-out%e2%80%99-then-bank-muscat-is-%e2%80%98in%e2%80%99/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Sukuk yields a function of liquidity, yet investors remain cautious</title>
		<link>http://www.straightstocks.com/investing-lessons/sukuk-yields-a-function-of-liquidity-yet-investors-remain-cautious/</link>
		<comments>http://www.straightstocks.com/investing-lessons/sukuk-yields-a-function-of-liquidity-yet-investors-remain-cautious/#comments</comments>
		<pubDate>Mon, 05 Oct 2009 20:34:28 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=1001</guid>
		<description><![CDATA[According to many analysts, global sukuk issuance may receive better pricing than other types of bonds given the relatively comfortable liquidity levels of Islamic institutions vis a vis their conventional counterparts.  For instance, the Abu Dhabi-based Tourism Development &#38; Investment Company (TDIC), whose inaugural $1bn conventional bond tranche under a$3bn Global Medium Term Note (GMTN) [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=1001&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/sukuk-yields-a-function-of-liquidity-yet-investors-remain-cautious/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Sri Lankan fund hopes to reflect island’s newfound peace, increasing prosperity</title>
		<link>http://www.straightstocks.com/investing-lessons/sri-lankan-fund-hopes-to-reflect-island%e2%80%99s-newfound-peace-increasing-prosperity/</link>
		<comments>http://www.straightstocks.com/investing-lessons/sri-lankan-fund-hopes-to-reflect-island%e2%80%99s-newfound-peace-increasing-prosperity/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 17:51:57 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=998</guid>
		<description><![CDATA[Douglas Clayton&#8217;s Leopard Capital, which last year launched Cambodia’s first multi-sector investment fund, announced the launch of a Leopard Sri Lanka Fund LP for early 2010.   &#8220;After several decades of civil war, peace has finally returned to the beautiful island of Sri Lanka, and a new investment cycle and growth upswing has begun.  Leopard Sri Lanka [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=998&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/sri-lankan-fund-hopes-to-reflect-island%e2%80%99s-newfound-peace-increasing-prosperity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Possible Etisalat downgrade an indictment of Dubai, not cash flow</title>
		<link>http://www.straightstocks.com/investing-lessons/possible-etisalat-downgrade-an-indictment-of-dubai-not-cash-flow/</link>
		<comments>http://www.straightstocks.com/investing-lessons/possible-etisalat-downgrade-an-indictment-of-dubai-not-cash-flow/#comments</comments>
		<pubDate>Fri, 25 Sep 2009 02:07:46 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=993</guid>
		<description><![CDATA[Citing Dubai&#8217;s deteriorating credit worthiness&#8211;government debt is expected to reach some 40% of GDP by year&#8217;s end&#8211;Fitch placed the UAE&#8217;s largest telecoms firm, Etisalat, which is 60.03% owned by the UAE and is  the second-largest operator in the MENA region by market capitalization, on watch with a negative outlook.  The firm&#8217;s AA- credit [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=993&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/possible-etisalat-downgrade-an-indictment-of-dubai-not-cash-flow/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Derivatives smooth returns, hedge weather risk among frontier producers</title>
		<link>http://www.straightstocks.com/investing-lessons/derivatives-smooth-returns-hedge-weather-risk-among-frontier-producers/</link>
		<comments>http://www.straightstocks.com/investing-lessons/derivatives-smooth-returns-hedge-weather-risk-among-frontier-producers/#comments</comments>
		<pubDate>Sat, 19 Sep 2009 03:39:04 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=991</guid>
		<description><![CDATA[From September&#8217;s Business Diary Botswana:
Derivatives market helps farmers weather storm and smooth returns  In &#8220;Fool&#8217;s Gold,&#8221; Financial Times global markets commentator Gillian Tett writes that &#8220;versions of derivatives trading have existed for centuries,&#8221; citing &#8220;rudimentary examples of futures and options contracts found on clay tablets from Mesopotamia dating back to 1750 B.C.&#8221;  And [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=991&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/derivatives-smooth-returns-hedge-weather-risk-among-frontier-producers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Behavioral biases create both risk and opportunity in frontier markets</title>
		<link>http://www.straightstocks.com/investing-lessons/behavioral-biases-create-both-risk-and-opportunity-in-frontier-markets/</link>
		<comments>http://www.straightstocks.com/investing-lessons/behavioral-biases-create-both-risk-and-opportunity-in-frontier-markets/#comments</comments>
		<pubDate>Tue, 15 Sep 2009 05:32:37 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=989</guid>
		<description><![CDATA[As the once universally-sacred Efficient Market Hypothesis (EMH) continues to fester unceremoniously in economic purgatory post-crisis,  behavioral finance&#8211;which might tend to support the notion that short-term price action, far from being rational, is highly inefficient and emotional, continues to gain credence among economists and fund managers alike.  Speaking in 2005, Dr. John Porter of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=989&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/behavioral-biases-create-both-risk-and-opportunity-in-frontier-markets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Cristalerias de Chile still an undervalued play on consumption growth</title>
		<link>http://www.straightstocks.com/investing-lessons/cristalerias-de-chile-still-an-undervalued-play-on-consumption-growth/</link>
		<comments>http://www.straightstocks.com/investing-lessons/cristalerias-de-chile-still-an-undervalued-play-on-consumption-growth/#comments</comments>
		<pubDate>Sun, 06 Sep 2009 03:10:35 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Chile]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=985</guid>
		<description><![CDATA[ Shares in Chilean glass products maker Cristalerias de Chile&#8211;which has a market capitalization of roughly $700 million and produces glass bottles and containers mainly for the food and beverage industry&#8211;rose 15% on Friday after the firm announced an agreement to sell its 20% stake in cable television operator VTR&#8211;the nation&#8217;s largest cable-television and broadband [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=985&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/cristalerias-de-chile-still-an-undervalued-play-on-consumption-growth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On the importance of domestic research in frontier investing</title>
		<link>http://www.straightstocks.com/investing-lessons/on-the-importance-of-domestic-research-in-frontier-investing/</link>
		<comments>http://www.straightstocks.com/investing-lessons/on-the-importance-of-domestic-research-in-frontier-investing/#comments</comments>
		<pubDate>Sun, 06 Sep 2009 02:17:46 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Investing Lessons]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=980</guid>
		<description><![CDATA[Wonderful piece in Euromoney regarding the dichotomy of opinion among international investors in the ME vis a vis the research capabilities of the region&#8217;s domestic investment banks and equity research houses, most of which have found themselves &#8220;struggling to meet their debt obligations.&#8221;  While many portfolio managers still swear by local expertise, others are [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=980&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/investing-lessons/on-the-importance-of-domestic-research-in-frontier-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>And the winner is…</title>
		<link>http://www.straightstocks.com/frontier-markets/and-the-winner-is%e2%80%a6/</link>
		<comments>http://www.straightstocks.com/frontier-markets/and-the-winner-is%e2%80%a6/#comments</comments>
		<pubDate>Sat, 05 Sep 2009 01:58:28 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[new york stock exchange]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=977</guid>
		<description><![CDATA[A reminder that winners for the 2009 Africa Investor Index Series Awards will be announced on September 21st at an invitation-only gala ceremony on the trading floor of the New York Stock Exchange.
       <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=977&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/frontier-markets/and-the-winner-is%e2%80%a6/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>Delayed dollar depeg means Gulf economies will continue to over/undershoot</title>
		<link>http://www.straightstocks.com/frontier-markets/delayed-dollar-depeg-means-gulf-economies-will-continue-to-overundershoot/</link>
		<comments>http://www.straightstocks.com/frontier-markets/delayed-dollar-depeg-means-gulf-economies-will-continue-to-overundershoot/#comments</comments>
		<pubDate>Thu, 03 Sep 2009 15:31:13 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[cement;]]></category>
		<category><![CDATA[crude oil]]></category>
		<category><![CDATA[Food Prices]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kuwait]]></category>
		<category><![CDATA[Organization Of Petroleum Exporting Countries]]></category>
		<category><![CDATA[planned future regional central bank]]></category>
		<category><![CDATA[Qatar]]></category>
		<category><![CDATA[Riyadh]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[Syria]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[windfall oil profits]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=975</guid>
		<description><![CDATA[According to various reports, central bankers from Saudi Arabia&#8211;whose capital Riyadh is slated as the home of a planned future regional central bank&#8211;are increasingly pessimistic as to the odds of the once much bally-hooed 2010 transition to a single Gulf currency and monetary union across the six-member GCC.  This despite the fact that prices rose 10.5% in [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=975&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/frontier-markets/delayed-dollar-depeg-means-gulf-economies-will-continue-to-overundershoot/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Outward looking NBAD named to top 50</title>
		<link>http://www.straightstocks.com/frontier-markets/outward-looking-nbad-named-to-top-50/</link>
		<comments>http://www.straightstocks.com/frontier-markets/outward-looking-nbad-named-to-top-50/#comments</comments>
		<pubDate>Sun, 30 Aug 2009 23:15:40 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Egypt]]></category>
		<category><![CDATA[government-owned bank;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Libya]]></category>
		<category><![CDATA[National Bank of Abu Dhabi;]]></category>
		<category><![CDATA[North Africa]]></category>
		<category><![CDATA[principal financial institutions]]></category>
		<category><![CDATA[Sudan]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=973</guid>
		<description><![CDATA[Government-owned National Bank of Abu Dhabi (NBAD), the nation&#8217;s second-largest bank by assets and largest by market value, was ranked among the 50 safest banks in the world in 2009, per Global Finance. The annual ratings compare the long-term credit ratings and total assets of the 500 largest banks around the world.  This on the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=973&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/frontier-markets/outward-looking-nbad-named-to-top-50/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tea and sugar not just for cricket fans anymore</title>
		<link>http://www.straightstocks.com/commodities/tea-and-sugar-not-just-for-cricket-fans-anymore/</link>
		<comments>http://www.straightstocks.com/commodities/tea-and-sugar-not-just-for-cricket-fans-anymore/#comments</comments>
		<pubDate>Fri, 28 Aug 2009 02:24:51 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[commodity trader;]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[location]]></category>
		<category><![CDATA[producer]]></category>
		<category><![CDATA[Rift Valley;]]></category>
		<category><![CDATA[Sri Lanka]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=970</guid>
		<description><![CDATA[Instead, they&#8217;re also a commodity trader&#8217;s best friend.
FT laid out the case nicely on Thursday for why tea&#8211;which is already trading at an all-time high&#8211;may indeed have further to go:
&#8220;Traders now fear that the poor monsoon in India [one of the world's top exporters along with Kenya and Sri Lanka] and scanty rains in Kenya&#8217;s [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=970&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/commodities/tea-and-sugar-not-just-for-cricket-fans-anymore/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Should frontier debt garner greater institutional attention?</title>
		<link>http://www.straightstocks.com/market-commentary/should-frontier-debt-garner-greater-institutional-attention/</link>
		<comments>http://www.straightstocks.com/market-commentary/should-frontier-debt-garner-greater-institutional-attention/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 03:16:59 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[CIO]]></category>
		<category><![CDATA[Daniel Broby]]></category>
		<category><![CDATA[director]]></category>
		<category><![CDATA[Director of Fixed Income]]></category>
		<category><![CDATA[Fixed Income]]></category>
		<category><![CDATA[Globalising Financial Systems]]></category>
		<category><![CDATA[Hashemite University in Jordan]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[John Bates]]></category>
		<category><![CDATA[Jordan]]></category>
		<category><![CDATA[Silk Invest]]></category>
		<category><![CDATA[Silk Invest  CIO]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=966</guid>
		<description><![CDATA[Regular readers need to accept my sincerest apologies&#8230;updates for the next week will be rather itinerant due to a taxing MBA orientation schedule.
In the meantime, I&#8217;d like to mention that Silk Invest CIO Daniel Broby, a friend of the blog whom I consider to be an (the?) authority on frontier market investing, will be presenting [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=966&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/should-frontier-debt-garner-greater-institutional-attention/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>In Defense Of Securitization: Why The Model Is Sound, And Will Further Spread Through Developing Economies</title>
		<link>http://www.straightstocks.com/market-commentary/in-defense-of-securitization-why-the-model-is-sound-and-will-further-spread-through-developing-economies/</link>
		<comments>http://www.straightstocks.com/market-commentary/in-defense-of-securitization-why-the-model-is-sound-and-will-further-spread-through-developing-economies/#comments</comments>
		<pubDate>Sun, 23 Aug 2009 02:31:45 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Asset Manager]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[bank-lending activity;]]></category>
		<category><![CDATA[Botswana]]></category>
		<category><![CDATA[Botswana Stock Exchange]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Commentator]]></category>
		<category><![CDATA[Dilip Ratha]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Insurance Markets]]></category>
		<category><![CDATA[International Bank for Reconstruction and Development]]></category>
		<category><![CDATA[Investment Banker]]></category>
		<category><![CDATA[J P Morgan]]></category>
		<category><![CDATA[J. David Cummins]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[life insurance]]></category>
		<category><![CDATA[NERA Economic Consulting]]></category>
		<category><![CDATA[Obama administration]]></category>
		<category><![CDATA[Paul Krugman]]></category>
		<category><![CDATA[Professor Emeritus]]></category>
		<category><![CDATA[Salomon;]]></category>
		<category><![CDATA[Sanket Mohapatra]]></category>
		<category><![CDATA[Sonia Plaza]]></category>
		<category><![CDATA[Stephanus de Swardt]]></category>
		<category><![CDATA[structured finance]]></category>
		<category><![CDATA[sub-Saharan Africa]]></category>
		<category><![CDATA[the New York Times]]></category>
		<category><![CDATA[understandably seething writer]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[wall street]]></category>
		<category><![CDATA[World Bank Senior]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=962</guid>
		<description><![CDATA[The following appeared in the August edition of Business Diary Botswana.  Right now I find myself fascinated by the role that securitization and a mature credit derivatives market will ultimately play in frontier economies; as J.P. Morgan once penned, &#8220;credit derivatives allow even the most illiquid credit exposures to be transferred to the most [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=962&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/in-defense-of-securitization-why-the-model-is-sound-and-will-further-spread-through-developing-economies/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Botswana miner primed to take advantage of impending bull market for copper</title>
		<link>http://www.straightstocks.com/market-commentary/botswana-miner-primed-to-take-advantage-of-impending-bull-market-for-copper/</link>
		<comments>http://www.straightstocks.com/market-commentary/botswana-miner-primed-to-take-advantage-of-impending-bull-market-for-copper/#comments</comments>
		<pubDate>Fri, 21 Aug 2009 03:40:03 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[bank credit]]></category>
		<category><![CDATA[Botswana Stock Exchange]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Gbp]]></category>
		<category><![CDATA[gold producer]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[junior copper miner]]></category>
		<category><![CDATA[Mowana Mine]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Zambia Copper Investments Ltd]]></category>
		<category><![CDATA[Zijin Mining Group]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=958</guid>
		<description><![CDATA[Botswana Stock Exchange (BSE)-listed junior copper miner, African Copper, announced that it would restart its operations at the Mowana Mine near Dukwi&#8211;which it shelved back in January&#8211;upon receiving $41 million in funding from mining investment firm Zambia Copper Investments Ltd (ZCI).  The firm also reported a pretax profit of 27.7 million pounds ($45.91 million), [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=958&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/botswana-miner-primed-to-take-advantage-of-impending-bull-market-for-copper/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Nigeria’s Skye Bank continues to trade at an appreciable discount as NSE flounders</title>
		<link>http://www.straightstocks.com/market-commentary/nigeria%e2%80%99s-skye-bank-continues-to-trade-at-an-appreciable-discount-as-nse-flounders/</link>
		<comments>http://www.straightstocks.com/market-commentary/nigeria%e2%80%99s-skye-bank-continues-to-trade-at-an-appreciable-discount-as-nse-flounders/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 02:55:46 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Baldwin Berges]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[customs agencies]]></category>
		<category><![CDATA[Dominant Player]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Lagos]]></category>
		<category><![CDATA[Moscow]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nigerian Stock Exchange;]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[Renaissance Capital]]></category>
		<category><![CDATA[retail public sector collections]]></category>
		<category><![CDATA[RTC Capital]]></category>
		<category><![CDATA[Skye Bank]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=955</guid>
		<description><![CDATA[While stocks in the Nigerian Stock Exchange (NSE) All-Share Index slid by 2.4% this week, and trading was halted in shares of the five banks that saw their CEOs unceremoniously sacked late last week, there may ultimately be attractive values forming among sound companies.  For instance, Renaissance Capital, a Moscow-based investment bank, gave a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=955&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/nigeria%e2%80%99s-skye-bank-continues-to-trade-at-an-appreciable-discount-as-nse-flounders/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Devalued pound would help exports, hurt food price volatility</title>
		<link>http://www.straightstocks.com/egypt/devalued-pound-would-help-exports-hurt-food-price-volatility/</link>
		<comments>http://www.straightstocks.com/egypt/devalued-pound-would-help-exports-hurt-food-price-volatility/#comments</comments>
		<pubDate>Tue, 18 Aug 2009 02:28:43 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[bank lending]]></category>
		<category><![CDATA[Cairo;]]></category>
		<category><![CDATA[Central Bank of Egypt]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[EFG]]></category>
		<category><![CDATA[EFG economist]]></category>
		<category><![CDATA[EFG-Hermes]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Ramadan]]></category>
		<category><![CDATA[Simon Kitchen]]></category>
		<category><![CDATA[volatile food prices]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=951</guid>
		<description><![CDATA[EFG-Hermes, a Cairo-based investment bank, noted to investors last week that it expects the Egyptian pound to fall to LE 5.70 by the end of 2009 and LE 5.90 by the end of June 2010 relative to the U.S. dollar.  The pound has strengthened by 2.2% against the dollar since March, hurting exports and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=951&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/egypt/devalued-pound-would-help-exports-hurt-food-price-volatility/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dana Gas’ 2Q results benefit from Kurdistan exposure</title>
		<link>http://www.straightstocks.com/egypt/dana-gas%e2%80%99-2q-results-benefit-from-kurdistan-exposure/</link>
		<comments>http://www.straightstocks.com/egypt/dana-gas%e2%80%99-2q-results-benefit-from-kurdistan-exposure/#comments</comments>
		<pubDate>Mon, 17 Aug 2009 00:11:47 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Ahmed Al-Arbeed]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[Dana Gas]]></category>
		<category><![CDATA[energy markets]]></category>
		<category><![CDATA[energy sector post]]></category>
		<category><![CDATA[gas discovery]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[oil and gas group]]></category>
		<category><![CDATA[Sharjah]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=948</guid>
		<description><![CDATA[Sharjah-based Dana Gas, the Gulf&#8217;s first privately run  natural gas firm, reported a 31% increase in gross profits compared to the same period last year.  Concurrently, net profits grew more than eleven-fold.  As usual, the firm&#8217;s Egyptian operations played a central role to its financial results; in fact, during the second quarter [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=948&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/egypt/dana-gas%e2%80%99-2q-results-benefit-from-kurdistan-exposure/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Indonesian banks forced to offer high deposit rates despite continually shrinking benchmark</title>
		<link>http://www.straightstocks.com/indonesia/indonesian-banks-forced-to-offer-high-deposit-rates-despite-continually-shrinking-benchmark/</link>
		<comments>http://www.straightstocks.com/indonesia/indonesian-banks-forced-to-offer-high-deposit-rates-despite-continually-shrinking-benchmark/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 18:29:56 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Indonesia]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[bank lending]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[Erwin Aksa]]></category>
		<category><![CDATA[House of Representatives]]></category>
		<category><![CDATA[Indonesian Young Entrepreneurs Association]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[legislative solution]]></category>
		<category><![CDATA[liquidity concerns;]]></category>
		<category><![CDATA[The Jakarta Post]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=944</guid>
		<description><![CDATA[Per The Jakarta Post, bank lending in Indonesia grew by just 2.09% from December last year to June compared with 16.26% a year earlier.  Working capital loans slid the most, a sign of firms&#8217; reluctance to expand, and banks also cutback loans out of fear that non-performing loans (NPL)&#8211;currently at 3.94%&#8211; would increase beyond [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=944&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>MENA correction may be imminent, warns analyst and managers alike</title>
		<link>http://www.straightstocks.com/market-commentary/mena-correction-may-be-imminent-warns-analyst-and-managers-alike/</link>
		<comments>http://www.straightstocks.com/market-commentary/mena-correction-may-be-imminent-warns-analyst-and-managers-alike/#comments</comments>
		<pubDate>Wed, 12 Aug 2009 01:14:49 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Asset Management]]></category>
		<category><![CDATA[Bahrain]]></category>
		<category><![CDATA[head]]></category>
		<category><![CDATA[Ibrahim Masood]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Manama]]></category>
		<category><![CDATA[Mashreq Bank]]></category>
		<category><![CDATA[Shakeel Sarwar]]></category>
		<category><![CDATA[SICO]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=938</guid>
		<description><![CDATA[Interesting comment by S&#38;P Fund Services lead analyst Alison Cratchley, made to Business Intelligence Middle-East, on the possibility of an impending correction across MENA markets:
&#8220;Relative to other emerging markets, the MENA region significantly underperformed (12.7% rise compared with 37.8%) in the six months to the end of June 2009.  This probably reflects investors’ perception [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=938&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Patchi float not just for sweet tooths</title>
		<link>http://www.straightstocks.com/market-commentary/patchi-float-not-just-for-sweet-tooths/</link>
		<comments>http://www.straightstocks.com/market-commentary/patchi-float-not-just-for-sweet-tooths/#comments</comments>
		<pubDate>Tue, 11 Aug 2009 03:37:44 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Beirut;]]></category>
		<category><![CDATA[chocolate chain]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[executive general manager]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Lebanon]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[Mazin Obeidi]]></category>
		<category><![CDATA[Patchi]]></category>
		<category><![CDATA[Starbucks]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Wolff Olins]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=933</guid>
		<description><![CDATA[Beirut&#8217;s &#8220;luxury&#8221; chocolate chain Patchi, recently named by brand consultancy Wolff Olins as one of the world’s five most successful new brands from emerging markets, recently hired financial advisers for a primary listing in Dubai and a secondary listing in London that will see up to 49% of the company floated.  The firm generated [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=933&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ukraine’s Naftogaz affair a stark reminder of the important of due diligence</title>
		<link>http://www.straightstocks.com/market-commentary/ukraine%e2%80%99s-naftogaz-affair-a-stark-reminder-of-the-important-of-due-diligence/</link>
		<comments>http://www.straightstocks.com/market-commentary/ukraine%e2%80%99s-naftogaz-affair-a-stark-reminder-of-the-important-of-due-diligence/#comments</comments>
		<pubDate>Sun, 09 Aug 2009 22:53:09 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Analyst]]></category>
		<category><![CDATA[bank  sales]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Finance Minister]]></category>
		<category><![CDATA[Financial Times]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Naftogaz;]]></category>
		<category><![CDATA[natural gas pipeline]]></category>
		<category><![CDATA[state-owned gas]]></category>
		<category><![CDATA[Ukraine]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=926</guid>
		<description><![CDATA[Institutional investors that own debt issued by Naftogaz, Ukraine&#8217;s state-owned gas firm, are waiting to learn their fate as the $500m worth of Eurobonds September 30th due date rapidly approaches.  While some may have initially assumed that continued IMF largesse&#8211;$10bn of a $16.4bn standby loan program has now been disbursed&#8211;would render restructuring talk kaput, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=926&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Frontier markets increasing trading capabilities</title>
		<link>http://www.straightstocks.com/indonesia/frontier-markets-increasing-trading-capabilities/</link>
		<comments>http://www.straightstocks.com/indonesia/frontier-markets-increasing-trading-capabilities/#comments</comments>
		<pubDate>Sun, 09 Aug 2009 14:38:21 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Indonesia]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[crude palm oil]]></category>
		<category><![CDATA[Financial Times]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kuala Lumpur;]]></category>
		<category><![CDATA[Mauritius]]></category>
		<category><![CDATA[Oil Prices]]></category>
		<category><![CDATA[Palm Oil]]></category>
		<category><![CDATA[palm oil producer]]></category>
		<category><![CDATA[Silk Invest]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=924</guid>
		<description><![CDATA[While Silk Invest noted on Friday that Mauritius will soon introduce futures trading on its SEM-7 index&#8211;a process that will take roughly six months and is part of the island&#8217;s bid to attract new local and foreign investors and increase capitalization&#8211;Financial Times reported that Indonesia, the world&#8217;s largest palm oil producer, will launch a commodities [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=924&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NBAD to grow loan book as NPLs rise, liquidity concerns remain</title>
		<link>http://www.straightstocks.com/market-commentary/nbad-to-grow-loan-book-as-npls-rise-liquidity-concerns-remain/</link>
		<comments>http://www.straightstocks.com/market-commentary/nbad-to-grow-loan-book-as-npls-rise-liquidity-concerns-remain/#comments</comments>
		<pubDate>Fri, 07 Aug 2009 20:56:24 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Algeria]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Bank of Abu Dhabi]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Governor]]></category>
		<category><![CDATA[International Banking Division]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Jordan]]></category>
		<category><![CDATA[Lebanon]]></category>
		<category><![CDATA[Libya]]></category>
		<category><![CDATA[Michael H. Tomalin]]></category>
		<category><![CDATA[Morocco]]></category>
		<category><![CDATA[Oman]]></category>
		<category><![CDATA[Qamber al-Mulla]]></category>
		<category><![CDATA[senior general manager]]></category>
		<category><![CDATA[Sultan bin Nasser Al Suwaid]]></category>
		<category><![CDATA[Turkey]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[UAE Central Bank]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=920</guid>
		<description><![CDATA[National Bank of Abu Dhabi (NBAD), the country&#8217;s second-biggest bank by assets ($45 billion), will open branches in Jordan and Hong Kong before the year&#8217;s end, given the fact that there exists a strong contingent of citizens from said countries in the UAE.  The Bank will also expand into Libya (one branch next year), [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=920&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/nbad-to-grow-loan-book-as-npls-rise-liquidity-concerns-remain/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“The two largest pools of domestic capital, by and large, across Africa sit idle…”</title>
		<link>http://www.straightstocks.com/market-commentary/%e2%80%9cthe-two-largest-pools-of-domestic-capital-by-and-large-across-africa-sit-idle%e2%80%a6%e2%80%9d/</link>
		<comments>http://www.straightstocks.com/market-commentary/%e2%80%9cthe-two-largest-pools-of-domestic-capital-by-and-large-across-africa-sit-idle%e2%80%a6%e2%80%9d/#comments</comments>
		<pubDate>Thu, 06 Aug 2009 04:05:18 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[CIO]]></category>
		<category><![CDATA[Henricus J. Stander III]]></category>
		<category><![CDATA[Henshaw Capital Partners]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[insurance balance sheets]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[johannesburg]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[model]]></category>
		<category><![CDATA[Namibia]]></category>
		<category><![CDATA[national pension fund]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[official development assistance]]></category>
		<category><![CDATA[project real estate investments]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=918</guid>
		<description><![CDATA[So argues Henricus J. Stander III, CIO of Henshaw Capital Partners, a London and Johannesburg-based alternative asset management company that launched the first-ever Pan-Africa private equity fund of funds early last year, in a fascinating piece penned for Africa investor in July.
To help escape the &#8220;second wave of effects&#8221; stemming from the credit crisis&#8211;&#8221;reduced export [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=918&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/%e2%80%9cthe-two-largest-pools-of-domestic-capital-by-and-large-across-africa-sit-idle%e2%80%a6%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Oceanic looking to shrug off losses, continue expansion</title>
		<link>http://www.straightstocks.com/market-commentary/oceanic-looking-to-shrug-off-losses-continue-expansion/</link>
		<comments>http://www.straightstocks.com/market-commentary/oceanic-looking-to-shrug-off-losses-continue-expansion/#comments</comments>
		<pubDate>Wed, 05 Aug 2009 21:57:53 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Analyst]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Cecilia Ibru]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nigeria’s Oceanic Bank International]]></category>
		<category><![CDATA[Oil And Gas]]></category>
		<category><![CDATA[oil sector]]></category>
		<category><![CDATA[West Coast]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=913</guid>
		<description><![CDATA[Interesting interview with Cecilia Ibru, CEO of Nigeria’s Oceanic Bank International, in the latest McKinsey Quarterly (free subscription).  Among other salient points:
&#8220;Nigeria has not yet developed into an industrial economy, because we still depend on imports. But it’s not as if we can’t produce things in Nigeria. The downturn might be just the opportunity [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=913&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/oceanic-looking-to-shrug-off-losses-continue-expansion/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ailing Kenyan pyrethrum market may get a boost</title>
		<link>http://www.straightstocks.com/market-commentary/ailing-kenyan-pyrethrum-market-may-get-a-boost/</link>
		<comments>http://www.straightstocks.com/market-commentary/ailing-kenyan-pyrethrum-market-may-get-a-boost/#comments</comments>
		<pubDate>Wed, 05 Aug 2009 16:59:09 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[established processor]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[synthetic chemical substitutes]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=909</guid>
		<description><![CDATA[The amendment of a finance bill before Kenya&#8217;s parliament is expected to pass and will allow for the liberalization of the country&#8217;s pyrethrum sector, once the country&#8217;s largest foreign exchange earner.  In fact, per Business Daily Africa, until 2003, Kenya commanded 80% of the growing EU pyrethrin market, largely because of its ideal growing climate.  [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=909&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/ailing-kenyan-pyrethrum-market-may-get-a-boost/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“The new coupling” of the economies of Africa and Asia; but will China’s rate of consumption continue?</title>
		<link>http://www.straightstocks.com/commodities/%e2%80%9cthe-new-coupling%e2%80%9d-of-the-economies-of-africa-and-asia-but-will-china%e2%80%99s-rate-of-consumption-continue/</link>
		<comments>http://www.straightstocks.com/commodities/%e2%80%9cthe-new-coupling%e2%80%9d-of-the-economies-of-africa-and-asia-but-will-china%e2%80%99s-rate-of-consumption-continue/#comments</comments>
		<pubDate>Tue, 04 Aug 2009 15:29:39 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Frontier Advisory CEO]]></category>
		<category><![CDATA[Heinz Pley]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[johannesburg]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[Macro Man]]></category>
		<category><![CDATA[manager]]></category>
		<category><![CDATA[Martyn Davies]]></category>
		<category><![CDATA[Principal]]></category>
		<category><![CDATA[sub-Saharan Africa]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=905</guid>
		<description><![CDATA[In a speech given to mining investors while in Johannesburg earlier this year, Frontier Advisory CEO Dr. Martyn Davies reiterated the case for frontier, and specifically, Africa-centric investment:
“If you believe in the long-term urbanization success story of China and India, you buy Africa, because that’s where the commodities are going to come from,&#8221; Davies told [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=905&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/commodities/%e2%80%9cthe-new-coupling%e2%80%9d-of-the-economies-of-africa-and-asia-but-will-china%e2%80%99s-rate-of-consumption-continue/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Frontier-related FT pieces from Monday</title>
		<link>http://www.straightstocks.com/market-commentary/frontier-related-ft-pieces-from-monday/</link>
		<comments>http://www.straightstocks.com/market-commentary/frontier-related-ft-pieces-from-monday/#comments</comments>
		<pubDate>Tue, 04 Aug 2009 01:54:03 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[The Financial Times]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=901</guid>
		<description><![CDATA[Everyday I try to make it through as much of the Financial Times as I can, and have yet to feel worse off for my efforts.   Some frontier-related musings from Monday:

Per John Dizard, &#8220;it’s worth keeping an eye on the continued willingness of the Baltic states to maintain their [Euro] pegs at such [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=901&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/frontier-related-ft-pieces-from-monday/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Orascom’s free cash flow predicated on diverse sources, both frontier and otherwise</title>
		<link>http://www.straightstocks.com/egypt/orascom%e2%80%99s-free-cash-flow-predicated-on-diverse-sources-both-frontier-and-otherwise/</link>
		<comments>http://www.straightstocks.com/egypt/orascom%e2%80%99s-free-cash-flow-predicated-on-diverse-sources-both-frontier-and-otherwise/#comments</comments>
		<pubDate>Mon, 03 Aug 2009 15:08:38 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Algeria]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bangladesh]]></category>
		<category><![CDATA[Bell Canada Mobility]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Foreign Trade Bank]]></category>
		<category><![CDATA[high-speed mobile network]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[mid-cap mobile operators]]></category>
		<category><![CDATA[Naeem Holding]]></category>
		<category><![CDATA[North Korea]]></category>
		<category><![CDATA[Ora Bank]]></category>
		<category><![CDATA[Orascom Telecom Holding]]></category>
		<category><![CDATA[Pakistan]]></category>
		<category><![CDATA[Rogers Wireless]]></category>
		<category><![CDATA[Telecel Globe]]></category>
		<category><![CDATA[Telecel Zimbabwe]]></category>
		<category><![CDATA[Telus]]></category>
		<category><![CDATA[Tunisia]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[well-balanced group]]></category>
		<category><![CDATA[Zimbabwe]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=896</guid>
		<description><![CDATA[While assigning a &#8220;buy&#8221; rating to Egypt&#8217;s Orascom Telecom Holding (OTH), MENA investment bank Naeem Holding praised the company&#8217;s growth strategy and noted that it has &#8220;evolved into a well-balanced group with operations in mature markets providing healthy cash flow, while more exotic markets offer growth.&#8221;  Its analysts forecasts the firm to generate free [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=896&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/egypt/orascom%e2%80%99s-free-cash-flow-predicated-on-diverse-sources-both-frontier-and-otherwise/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“Aggressive drilling campaign” puts Dana Gas on pace to achieve target production</title>
		<link>http://www.straightstocks.com/egypt/%e2%80%9caggressive-drilling-campaign%e2%80%9d-puts-dana-gas-on-pace-to-achieve-target-production/</link>
		<comments>http://www.straightstocks.com/egypt/%e2%80%9caggressive-drilling-campaign%e2%80%9d-puts-dana-gas-on-pace-to-achieve-target-production/#comments</comments>
		<pubDate>Sun, 02 Aug 2009 21:10:50 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Ahmed Al-Arbeed]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[Dana Gas]]></category>
		<category><![CDATA[gas finds]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[oil equivalent/day]]></category>
		<category><![CDATA[Sharjah]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=893</guid>
		<description><![CDATA[Sharjah-based Dana Gas announced two new gas finds over the weekend in Egypt with reserves totalling an estimated 76 billion cubic feet, leading its CEO Ahmed Al-Arbeed to note that the discoveries would boost the firm&#8217;s production and profitability and &#8220;take us closer to achieving our target production of 40,000 barrels of oil equivalent/day by [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=893&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/egypt/%e2%80%9caggressive-drilling-campaign%e2%80%9d-puts-dana-gas-on-pace-to-achieve-target-production/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fitch gives B+ rating to Nigeria’s Union Bank</title>
		<link>http://www.straightstocks.com/market-commentary/fitch-gives-b-rating-to-nigeria%e2%80%99s-union-bank/</link>
		<comments>http://www.straightstocks.com/market-commentary/fitch-gives-b-rating-to-nigeria%e2%80%99s-union-bank/#comments</comments>
		<pubDate>Sat, 01 Aug 2009 22:27:05 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[banker]]></category>
		<category><![CDATA[Financial Times]]></category>
		<category><![CDATA[Fitch Ratings]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[sound retail franchise]]></category>
		<category><![CDATA[sub-Saharan Africa]]></category>
		<category><![CDATA[Union Bank]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=890</guid>
		<description><![CDATA[Back in June, The Banker, a London-based publication of Financial Times, included Nigeria&#8217;s Union Bank in its &#8220;Top 1000 world banks 2009&#8243; list as one of 13 Nigerian Banks in the sub-Saharan Africa that showed &#8220;solidity, resilience and growth during the period under review.&#8221;  Moreover, it wrote, “Nigerian banks continued to amass Tier 1 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=890&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/fitch-gives-b-rating-to-nigeria%e2%80%99s-union-bank/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Will Ghana’s Eurobond rise open the gates for others in Africa?</title>
		<link>http://www.straightstocks.com/market-commentary/will-ghana%e2%80%99s-eurobond-rise-open-the-gates-for-others-in-africa/</link>
		<comments>http://www.straightstocks.com/market-commentary/will-ghana%e2%80%99s-eurobond-rise-open-the-gates-for-others-in-africa/#comments</comments>
		<pubDate>Thu, 30 Jul 2009 03:01:07 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Botswana]]></category>
		<category><![CDATA[Fitch]]></category>
		<category><![CDATA[Ghana]]></category>
		<category><![CDATA[International Bank for Reconstruction and Development]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Madagascar;]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[oil announcement]]></category>
		<category><![CDATA[oil field]]></category>
		<category><![CDATA[oil producers]]></category>
		<category><![CDATA[Senegal;]]></category>
		<category><![CDATA[Seychelles;]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Standard & Poor]]></category>
		<category><![CDATA[Tanzania]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=887</guid>
		<description><![CDATA[Bloomberg reports that Ghana&#8217;s Eurobonds have surged 93% since last November and may continue to rise given the country&#8217;s increasingly attractive fiscal position due in part to the production of a new oil field that is expected to put it in the world’s top 50 oil producers and to expand growth from an estimated 4.1% [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=887&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/will-ghana%e2%80%99s-eurobond-rise-open-the-gates-for-others-in-africa/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chavez, exporters, Central Bank team to drive down Colombia’s peso</title>
		<link>http://www.straightstocks.com/market-commentary/chavez-exporters-central-bank-team-to-drive-down-colombia%e2%80%99s-peso/</link>
		<comments>http://www.straightstocks.com/market-commentary/chavez-exporters-central-bank-team-to-drive-down-colombia%e2%80%99s-peso/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 20:52:20 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Agriculture]]></category>
		<category><![CDATA[Agriculture Minister]]></category>
		<category><![CDATA[Andres Fernandez]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Colombia]]></category>
		<category><![CDATA[Hugo Chávez]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[minister]]></category>
		<category><![CDATA[president]]></category>
		<category><![CDATA[RBS Securities Inc.]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Venezuela]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=885</guid>
		<description><![CDATA[According to analysts with RBS Securities Inc., the decline of Colombia&#8217;s peso in light of Venezuelan President Hugo Chavez&#8217;s threat to freeze imports because of the country&#8217;s alleged cozy ties with U.S. &#8220;imperialists&#8221; may have more room to run in fact, given that the ascendancy of the world&#8217;s best performing currency YTD had come too [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=885&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/chavez-exporters-central-bank-team-to-drive-down-colombia%e2%80%99s-peso/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>RevPARs down overall across ME</title>
		<link>http://www.straightstocks.com/market-commentary/revpars-down-overall-across-me/</link>
		<comments>http://www.straightstocks.com/market-commentary/revpars-down-overall-across-me/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 16:45:49 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Beirut;]]></category>
		<category><![CDATA[Deloitte & Touche Middle East]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Jeddah]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Muscat;]]></category>
		<category><![CDATA[STR Global]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=881</guid>
		<description><![CDATA[Per hospitality research firm STR Global and Deloitte &#38; Touche Middle East, Middle East hotels in 22 cities in the region during the first half of 2009 witnessed an average 10.9% decrease in occupancies and a 17.2% drop in revenue per available room (RevPAR), an industry benchmark.  Among the worst RevPAR performers were Dubai (down 35%) [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=881&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
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		<title>First Bank debt issue would give it new assets to manage, wake up moribund bond market</title>
		<link>http://www.straightstocks.com/market-commentary/first-bank-debt-issue-would-give-it-new-assets-to-manage-wake-up-moribund-bond-market/</link>
		<comments>http://www.straightstocks.com/market-commentary/first-bank-debt-issue-would-give-it-new-assets-to-manage-wake-up-moribund-bond-market/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 02:14:13 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Abuja;]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[annual general]]></category>
		<category><![CDATA[Babatunde Fashola]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Governor]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Lagos State Governor]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[Minister of State]]></category>
		<category><![CDATA[Minister of State for Finance]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nokia N500 Car GPS Receiver]]></category>
		<category><![CDATA[Public Private Partnership;]]></category>
		<category><![CDATA[Remi Babalola]]></category>
		<category><![CDATA[Sanusi Lamido Sanusi]]></category>
		<category><![CDATA[tackle]]></category>
		<category><![CDATA[tax concerns]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=878</guid>
		<description><![CDATA[First Bank Nigerian shareholders will vote in August at their annual general meeting in Abuja on whether or not to raise a N500 billion ($3.4 billion) bond in support of domestic infrastructure financing under the country&#8217;s  Public-Private Partnership (PPP) program designed to fund and discharge governmental responsibilities while enabling the private sector take control [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=878&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/first-bank-debt-issue-would-give-it-new-assets-to-manage-wake-up-moribund-bond-market/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Moroccan banks immune to crisis, resilient comments Central Bank governor</title>
		<link>http://www.straightstocks.com/market-commentary/moroccan-banks-immune-to-crisis-resilient-comments-central-bank-governor/</link>
		<comments>http://www.straightstocks.com/market-commentary/moroccan-banks-immune-to-crisis-resilient-comments-central-bank-governor/#comments</comments>
		<pubDate>Tue, 28 Jul 2009 01:27:19 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Morocco]]></category>
		<category><![CDATA[Abdellatif Jouahri]]></category>
		<category><![CDATA[Attijariwafa Bank;]]></category>
		<category><![CDATA[Banque Marocaine du Commerce Exterieur]]></category>
		<category><![CDATA[BMCE (Banque Marocaine du Commerce Exterieur) Bank]]></category>
		<category><![CDATA[BNP Group]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Credit Agricole]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Governor]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[sub-Saharan Africa]]></category>
		<category><![CDATA[west africa]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=876</guid>
		<description><![CDATA[According to Silk Invest, much of the reason that &#8220;institutional investors started coming back [late last week] into the [Casablanca All Share Index] after a few weeks spent on the sidelines&#8221; was due to the announcement recently made by Central Bank governor Abdellatif Jouahri, who reiterated that the country&#8217;s banking sector hasd not been affected [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=876&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/moroccan-banks-immune-to-crisis-resilient-comments-central-bank-governor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Clayton’s Cambodian PE fund getting deals done</title>
		<link>http://www.straightstocks.com/market-commentary/clayton%e2%80%99s-cambodian-pe-fund-getting-deals-done/</link>
		<comments>http://www.straightstocks.com/market-commentary/clayton%e2%80%99s-cambodian-pe-fund-getting-deals-done/#comments</comments>
		<pubDate>Mon, 27 Jul 2009 03:45:02 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[Cambodia]]></category>
		<category><![CDATA[Cambodia Investment and Development Fund]]></category>
		<category><![CDATA[Cambodian People’s Party]]></category>
		<category><![CDATA[cellphone operators]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[consortium  group]]></category>
		<category><![CDATA[Douglas Clayton]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[founder]]></category>
		<category><![CDATA[fund manager]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Jim Rogers]]></category>
		<category><![CDATA[Leopard Capital]]></category>
		<category><![CDATA[Malaysia]]></category>
		<category><![CDATA[Marc Faber]]></category>
		<category><![CDATA[Marvin Yeo]]></category>
		<category><![CDATA[medium and low voltage networks]]></category>
		<category><![CDATA[New York Times]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[Phnom Penh;]]></category>
		<category><![CDATA[rental car agencies]]></category>
		<category><![CDATA[Sam Rainsy Party]]></category>
		<category><![CDATA[south korea]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=868</guid>
		<description><![CDATA[Phnom Penh-based private equity firm Leopard Capital completed its second and third deals last month, including a $1 million investment in a consortium  group whose implementation of a transmission and distribution system 120km in length, which includes medium and low voltage networks, will provide grid power to 7,700 residential customers and 375 commercial and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=868&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/clayton%e2%80%99s-cambodian-pe-fund-getting-deals-done/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Du’s role in synthetic UAE mobile duopoly holding back Etisalat?</title>
		<link>http://www.straightstocks.com/market-commentary/du%e2%80%99s-role-in-synthetic-uae-mobile-duopoly-holding-back-etisalat/</link>
		<comments>http://www.straightstocks.com/market-commentary/du%e2%80%99s-role-in-synthetic-uae-mobile-duopoly-holding-back-etisalat/#comments</comments>
		<pubDate>Mon, 27 Jul 2009 02:59:51 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[broadband]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[fixed-line internet costs]]></category>
		<category><![CDATA[Iphone]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[low-quality network]]></category>
		<category><![CDATA[Osman Sultan]]></category>
		<category><![CDATA[Telecommunications Regulatory Authority]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[UAE’s Telecommunications Regulatory Authority]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=866</guid>
		<description><![CDATA[Per its recently published quarterly results, du, a Dubai-based integrated telecom services provider, reported an increase of 156,000 new subscribers (giving it a total of 2.9 million active mobile customers), in addition to a 12% increase in revenues on the previous quarter and a greater than doubling of profits.  With an estimated 30% of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=866&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/du%e2%80%99s-role-in-synthetic-uae-mobile-duopoly-holding-back-etisalat/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Agthia’s growth reiterates the wisdom of defense</title>
		<link>http://www.straightstocks.com/market-commentary/agthia%e2%80%99s-growth-reiterates-the-wisdom-of-defense/</link>
		<comments>http://www.straightstocks.com/market-commentary/agthia%e2%80%99s-growth-reiterates-the-wisdom-of-defense/#comments</comments>
		<pubDate>Sun, 26 Jul 2009 05:07:19 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Agthia Group]]></category>
		<category><![CDATA[baby food]]></category>
		<category><![CDATA[beverage sector]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Rashid Mubarak Al Hajeri]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=863</guid>
		<description><![CDATA[Abu Dhabi-based Agthia Group, a holding company with three subsidiaries operating in the distribution and bottling of mineral water; the production of flour, animal feed and frozen and canned vegetables and the distribution of baby food, tea, juices and jam, reported strong growth (group sales up 18.7%; gross profit margin up 11.4%; and net profits [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=863&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/agthia%e2%80%99s-growth-reiterates-the-wisdom-of-defense/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Botswana: Diversity From Diamonds: The More Things Change…</title>
		<link>http://www.straightstocks.com/market-commentary/botswana-diversity-from-diamonds-the-more-things-change%e2%80%a6/</link>
		<comments>http://www.straightstocks.com/market-commentary/botswana-diversity-from-diamonds-the-more-things-change%e2%80%a6/#comments</comments>
		<pubDate>Sat, 25 Jul 2009 05:48:31 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[advisor to U.S. President]]></category>
		<category><![CDATA[advisor to U.S. President Jimmy Carter]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Analyst]]></category>
		<category><![CDATA[author and professor]]></category>
		<category><![CDATA[author and professor of economics]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Bank of Botswana;]]></category>
		<category><![CDATA[Bert Lance]]></category>
		<category><![CDATA[Botswana]]></category>
		<category><![CDATA[Botswana Institute for Development Policy Analysis]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Chaim Even-Zohar]]></category>
		<category><![CDATA[Credit rating agency]]></category>
		<category><![CDATA[De Beers]]></category>
		<category><![CDATA[Development Bank]]></category>
		<category><![CDATA[diamond jewelry retail demand]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[Executive Secretary]]></category>
		<category><![CDATA[Festus Mogae]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[Gaborone]]></category>
		<category><![CDATA[Gareth Penny]]></category>
		<category><![CDATA[Gross Domestic Product]]></category>
		<category><![CDATA[Growth Commission]]></category>
		<category><![CDATA[Happy Fidzani]]></category>
		<category><![CDATA[healthcare]]></category>
		<category><![CDATA[imprudent elected official]]></category>
		<category><![CDATA[Intelligence Unit;]]></category>
		<category><![CDATA[International Bank for Reconstruction and Development]]></category>
		<category><![CDATA[International Financial Services Center]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[jimmy carter]]></category>
		<category><![CDATA[joint-venture mining]]></category>
		<category><![CDATA[Kristin Lindow]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[Managing Director]]></category>
		<category><![CDATA[mining]]></category>
		<category><![CDATA[Moody’s]]></category>
		<category><![CDATA[non-mining sectors]]></category>
		<category><![CDATA[Oupa Tsheko]]></category>
		<category><![CDATA[president]]></category>
		<category><![CDATA[professor of economics]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Standard & Poor]]></category>
		<category><![CDATA[Tacy Ltd.]]></category>
		<category><![CDATA[United Nations]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[University of Botswana in Gaborone]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Vice President]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=861</guid>
		<description><![CDATA[The following appeared in July&#8217;s Business Diary Botswana:
Speaking at a seminar in October 2006 devoted to the country&#8217;s efforts towards economic diversification, Happy Fidzani, Executive Secretary of the Botswana Institute for Development Policy Analysis (BIDPA), warned that the government&#8217;s &#8220;heavy confidence&#8221; in its mining sector&#8211;namely rough diamond extraction through Debswana, the joint-venture mining firm operated [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=861&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<title>Developing countries should eschew large banks, complex capital markets argues economist</title>
		<link>http://www.straightstocks.com/market-commentary/developing-countries-should-eschew-large-banks-complex-capital-markets-argues-economist/</link>
		<comments>http://www.straightstocks.com/market-commentary/developing-countries-should-eschew-large-banks-complex-capital-markets-argues-economist/#comments</comments>
		<pubDate>Sun, 19 Jul 2009 22:51:05 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Britain]]></category>
		<category><![CDATA[Caribbean]]></category>
		<category><![CDATA[central Asia]]></category>
		<category><![CDATA[chief economist]]></category>
		<category><![CDATA[Denmark]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[International Bank for Reconstruction and Development]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Justin Lin]]></category>
		<category><![CDATA[Latin America]]></category>
		<category><![CDATA[non-bank financial institutions]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[The Macro Trader]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=858</guid>
		<description><![CDATA[Frontier investors and managers habitually stay abreast of the ins and outs of the world&#8217;s most illiquid exchanges in the hopes of either arbitraging out short-term anomalies, and/or positioning themselves for long-term growth upon currently cheap share valuations.
But what role do said exchanges play in the very societies in which they sit?  A guest [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=858&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Will ASEAN stocks welcome the Singapore Sling?</title>
		<link>http://www.straightstocks.com/market-commentary/will-asean-stocks-welcome-the-singapore-sling/</link>
		<comments>http://www.straightstocks.com/market-commentary/will-asean-stocks-welcome-the-singapore-sling/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 20:48:09 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Association of Southeast Asian Nation]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Indonesia]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Pharmaceuticals]]></category>
		<category><![CDATA[Philippines]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[Southeast Asia]]></category>
		<category><![CDATA[Thailand]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=855</guid>
		<description><![CDATA[Credit Suisse&#8217;s recommendation for clients to shift Taiwanese holdings into Southeast Asia is predicated on the fact that the latter trades at a discount of 138%, near its record low of 159% in March, in a comparison of the two markets’ relative price-to-book ratios against their returns on equity.  Specifically, its analysts added, banks in [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=855&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/will-asean-stocks-welcome-the-singapore-sling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ghana to become Africa’s newest crude exporter</title>
		<link>http://www.straightstocks.com/market-commentary/ghana-to-become-africa%e2%80%99s-newest-crude-exporter/</link>
		<comments>http://www.straightstocks.com/market-commentary/ghana-to-become-africa%e2%80%99s-newest-crude-exporter/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 15:16:17 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Ghana]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[Per Bloomberg]]></category>
		<category><![CDATA[The Macro Trader]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=853</guid>
		<description><![CDATA[Per Bloomberg, Ghana expects to pump 500,000 barrels of oil a day by 2014 as it seeks to boost supplies to the domestic market and become Africa’s newest crude exporter.  The government recently approved a plan to pump crude from the Jubilee field in the second half of 2010.  Moreover, the various group developing Jubilee have agreed [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=853&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Oando set to benefit from rising oil prices, imminent deregulation</title>
		<link>http://www.straightstocks.com/market-commentary/oando-set-to-benefit-from-rising-oil-prices-imminent-deregulation/</link>
		<comments>http://www.straightstocks.com/market-commentary/oando-set-to-benefit-from-rising-oil-prices-imminent-deregulation/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 04:20:24 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[crude oil exporter]]></category>
		<category><![CDATA[downstream oil sector]]></category>
		<category><![CDATA[Energy Industry]]></category>
		<category><![CDATA[ever-volatile oil price]]></category>
		<category><![CDATA[fuel distributor]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nigerian Agip Oil Company]]></category>
		<category><![CDATA[Oando PLC]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[petroleum products]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Wale Tinubu]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=850</guid>
		<description><![CDATA[According to Wale Tinubu, CEO of Oando PLC, Nigeria&#8217;s foremost indigenous oilfield services company and fuel distributor, the firm&#8217;s plan to realize a production target of 100,000 barrels of oil per day within the next four years is already &#8220;fully funded.&#8221;  Oando made headlines in May when it announced the completion of a $150 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=850&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/oando-set-to-benefit-from-rising-oil-prices-imminent-deregulation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>African, MENA fundamentals the stuff Western markets can “only dream of”</title>
		<link>http://www.straightstocks.com/market-commentary/african-mena-fundamentals-the-stuff-western-markets-can-%e2%80%9conly-dream-of%e2%80%9d/</link>
		<comments>http://www.straightstocks.com/market-commentary/african-mena-fundamentals-the-stuff-western-markets-can-%e2%80%9conly-dream-of%e2%80%9d/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 17:16:42 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=837</guid>
		<description><![CDATA[In addition to its Frontier Markets Blog, Silk Invest, managers of both the African Lions and Arab Falcons funds, now offers a &#8216;Silk Invest Updates&#8217; blog complete with pertinent market commentary.  A recent posting nicely sums up the mantra behind frontier investing at the moment:
&#8220;It is pretty obvious that the fundamentals of many African [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=837&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/african-mena-fundamentals-the-stuff-western-markets-can-%e2%80%9conly-dream-of%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Private Equity In Africa: Domestic demand provides shelter from the crunch</title>
		<link>http://www.straightstocks.com/market-commentary/private-equity-in-africa-domestic-demand-provides-shelter-from-the-crunch/</link>
		<comments>http://www.straightstocks.com/market-commentary/private-equity-in-africa-domestic-demand-provides-shelter-from-the-crunch/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 14:14:44 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Actis Management]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Africa Business Intelligence]]></category>
		<category><![CDATA[Afrinvest]]></category>
		<category><![CDATA[Alexander Peter Groh]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[Aureos Capital]]></category>
		<category><![CDATA[Ayo Salami;]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[banker]]></category>
		<category><![CDATA[Brown University]]></category>
		<category><![CDATA[business intelligence]]></category>
		<category><![CDATA[buyout group]]></category>
		<category><![CDATA[cement;]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[CEO for West Africa]]></category>
		<category><![CDATA[Citadel Capital’s]]></category>
		<category><![CDATA[Coller Capital;]]></category>
		<category><![CDATA[Duet Victoire Africa Index Fund]]></category>
		<category><![CDATA[Erwin Roex]]></category>
		<category><![CDATA[Financial Times]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[Geneva]]></category>
		<category><![CDATA[Georgetown]]></category>
		<category><![CDATA[Henricus J. Stander III]]></category>
		<category><![CDATA[Henshaw Capital Partners]]></category>
		<category><![CDATA[IESE Business School;]]></category>
		<category><![CDATA[inadequate infrastructure]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[International Bank for Reconstruction and Development]]></category>
		<category><![CDATA[International Finance Corporation]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[johannesburg]]></category>
		<category><![CDATA[Latin America]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[manager]]></category>
		<category><![CDATA[Managing Director]]></category>
		<category><![CDATA[Marianne Ghali]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Moin Siddiqi]]></category>
		<category><![CDATA[Nigeria’s Diamond Bank]]></category>
		<category><![CDATA[North Africa]]></category>
		<category><![CDATA[Peter Schmid]]></category>
		<category><![CDATA[professor formerly]]></category>
		<category><![CDATA[professor of economics]]></category>
		<category><![CDATA[Rashad Kaldany]]></category>
		<category><![CDATA[Ross Levine]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Simon Harford]]></category>
		<category><![CDATA[Sivendran Vettivetpillai]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[Sphinx Turnaround Fund]]></category>
		<category><![CDATA[spokesman]]></category>
		<category><![CDATA[Standard & Poor]]></category>
		<category><![CDATA[Steven Kaplan]]></category>
		<category><![CDATA[sub-Saharan Africa]]></category>
		<category><![CDATA[The Financial Times]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[the Maghreb;]]></category>
		<category><![CDATA[The Wall Street Journal]]></category>
		<category><![CDATA[The World Bank;]]></category>
		<category><![CDATA[University of Chicago]]></category>
		<category><![CDATA[University of Navarra in Spain]]></category>
		<category><![CDATA[unreliable electricity]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Vice President]]></category>
		<category><![CDATA[Vijaya Ramachandran]]></category>
		<category><![CDATA[west africa]]></category>
		<category><![CDATA[World Bank Group]]></category>
		<category><![CDATA[writer]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=833</guid>
		<description><![CDATA[The following appeared in June&#8217;s Business Diary Botswana:
Private equity (PE) has long been considered a viable way to achieve risk-adjusted returns that exceed those possible in the public equity markets (though per University of Chicago scholar Steven Kaplan, during the three decades ending in 2005, the average private equity firm’s annual return was no better [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=833&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/private-equity-in-africa-domestic-demand-provides-shelter-from-the-crunch/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Zloty slated to fall against dollar</title>
		<link>http://www.straightstocks.com/market-commentary/zloty-slated-to-fall-against-dollar/</link>
		<comments>http://www.straightstocks.com/market-commentary/zloty-slated-to-fall-against-dollar/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 21:28:39 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Poland]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[Commerzbank]]></category>
		<category><![CDATA[Eastern Europe]]></category>
		<category><![CDATA[Frankfurt]]></category>
		<category><![CDATA[head]]></category>
		<category><![CDATA[head of foreign- exchange research]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[Ulrich Leuchtmann;]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=831</guid>
		<description><![CDATA[Traders patiently watching the zloty&#8217;s climb against the dollar in 2009 have fairly good evidence of an imminent reverse trend.  A glance at the five-year chart shows that USD/PLN has now twice bounced off some fairly important support levels.  Furthermore, intuitively the breakdown makes sense.  Per a Bloomberg report today, Ulrich Leuchtmann, head of foreign- [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=831&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/zloty-slated-to-fall-against-dollar/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rush to Zimbabwe predicated on dollarization’s perpetuity</title>
		<link>http://www.straightstocks.com/market-commentary/rush-to-zimbabwe-predicated-on-dollarization%e2%80%99s-perpetuity/</link>
		<comments>http://www.straightstocks.com/market-commentary/rush-to-zimbabwe-predicated-on-dollarization%e2%80%99s-perpetuity/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 12:48:40 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[Delta]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Finance Minister]]></category>
		<category><![CDATA[Harare-based CEO]]></category>
		<category><![CDATA[Harare;]]></category>
		<category><![CDATA[Imara Asset Management]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[John Legat]]></category>
		<category><![CDATA[Mark Tunmer]]></category>
		<category><![CDATA[Sean Gammon]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Tendai Biti]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[Zimbabwe]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=828</guid>
		<description><![CDATA[John Legat, the Harare-based CEO of Imara Asset Management, noted this spring in regards to the &#8220;dollarization&#8221; of Zimbabwe that it had been &#8220;extraordinary how quickly consumption has started to increase, and with it volumes and capacity utilization.&#8221;  Zimbabwe has used the U.S. dollar as one of several multiple foreign currencies (notably South Africa&#8217;s [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=828&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/rush-to-zimbabwe-predicated-on-dollarization%e2%80%99s-perpetuity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Newly launched Imara-run fund tied to commodities, junior miners</title>
		<link>http://www.straightstocks.com/market-commentary/newly-launched-imara-run-fund-tied-to-commodities-junior-miners/</link>
		<comments>http://www.straightstocks.com/market-commentary/newly-launched-imara-run-fund-tied-to-commodities-junior-miners/#comments</comments>
		<pubDate>Tue, 07 Jul 2009 23:25:54 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[asset management group]]></category>
		<category><![CDATA[Bruce Williamson]]></category>
		<category><![CDATA[East Africa Fund]]></category>
		<category><![CDATA[Imara Holdings]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[manager]]></category>
		<category><![CDATA[mining]]></category>
		<category><![CDATA[mining analyst]]></category>
		<category><![CDATA[Nigeria Fund]]></category>
		<category><![CDATA[Oil And Gas]]></category>
		<category><![CDATA[Opportunities Fund]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Zimbabwe Fund]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=824</guid>
		<description><![CDATA[Imara Holdings, the Botswana-listed, Pan-African investment bank and asset management group, recently launched a niche fund focused on small-to-medium-sized mining and other companies that often remain unnoticed by global funds that typically allocate resources towards more prominent resource firms.  Imara, which among other vehicles offers a Zimbabwe Fund, a Nigeria Fund, an East Africa [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=824&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/newly-launched-imara-run-fund-tied-to-commodities-junior-miners/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sukuk market to double by year’s end, and new tax laws will help its reach</title>
		<link>http://www.straightstocks.com/market-commentary/sukuk-market-to-double-by-year%e2%80%99s-end-and-new-tax-laws-will-help-its-reach/</link>
		<comments>http://www.straightstocks.com/market-commentary/sukuk-market-to-double-by-year%e2%80%99s-end-and-new-tax-laws-will-help-its-reach/#comments</comments>
		<pubDate>Mon, 06 Jul 2009 22:28:31 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Bahrain]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[ceo]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[commodity finance]]></category>
		<category><![CDATA[conventional products]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[finance industry]]></category>
		<category><![CDATA[financial products]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financier]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Hitherto]]></category>
		<category><![CDATA[Hong Kong government]]></category>
		<category><![CDATA[Indonesia]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[K.C. Chan]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[Laos;]]></category>
		<category><![CDATA[Malaysia]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[said financier]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[secretary for financial services and the Treasury]]></category>
		<category><![CDATA[Standard & Poor]]></category>
		<category><![CDATA[Standard Chartered Bank]]></category>
		<category><![CDATA[Taiwan]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Vietnam]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=821</guid>
		<description><![CDATA[A Dow Jones report published last week quoted    Standard &#38; Poor&#8217;s Financial Services as theorizing that the $700 billion global Islamic finance industry would &#8220;weather the financial crisis&#8221; and moreover would resume its growth on the support of &#8220;high demand for Shariah-compliant products, which are considered less risky than convention debt.&#8221;  While [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=821&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/sukuk-market-to-double-by-year%e2%80%99s-end-and-new-tax-laws-will-help-its-reach/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fund manager weighs in on current NSE equity allotment</title>
		<link>http://www.straightstocks.com/market-commentary/fund-manager-weighs-in-on-current-nse-equity-allotment/</link>
		<comments>http://www.straightstocks.com/market-commentary/fund-manager-weighs-in-on-current-nse-equity-allotment/#comments</comments>
		<pubDate>Mon, 06 Jul 2009 15:50:06 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[anonymous fund manager]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[manager]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[The Macro Trader]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=819</guid>
		<description><![CDATA[An anonymous fund manager weighed in today with his (or her?) &#8220;trading picks&#8221; vis a vis Nigeria&#8217;s All Share Index, which rallied 35% in Q2 after a 37% plunge in Q1 that caused it to be labeled the &#8216;world&#8217;s worst performing market&#8217; at the time.  The index remains down roughly 15% YTD, however.  New additions [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=819&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/fund-manager-weighs-in-on-current-nse-equity-allotment/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Surging ‘frontier gauge’ a red flag for risk?</title>
		<link>http://www.straightstocks.com/market-commentary/surging-%e2%80%98frontier-gauge%e2%80%99-a-red-flag-for-risk/</link>
		<comments>http://www.straightstocks.com/market-commentary/surging-%e2%80%98frontier-gauge%e2%80%99-a-red-flag-for-risk/#comments</comments>
		<pubDate>Wed, 01 Jul 2009 15:38:08 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Beat Lenherr]]></category>
		<category><![CDATA[chief global strategist]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[LGT Capital Management]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[Sri Lanka]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[Vietnam]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=815</guid>
		<description><![CDATA[Interesting piece on Bloomberg about how rising frontier markets may indeed signal the death knell for the 2Q global equity rally.  Much like a pendulum moving out and then back, the rally may be peaking along with the recent rise by illiquid assets.  Think of equities alone as having their own &#8216;risk curve&#8217;; that is [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=815&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/surging-%e2%80%98frontier-gauge%e2%80%99-a-red-flag-for-risk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Zain’s Africa sale would be with “higher-growth” Middle and Far East markets in mind</title>
		<link>http://www.straightstocks.com/market-commentary/zain%e2%80%99s-africa-sale-would-be-with-%e2%80%9chigher-growth%e2%80%9d-middle-and-far-east-markets-in-mind/</link>
		<comments>http://www.straightstocks.com/market-commentary/zain%e2%80%99s-africa-sale-would-be-with-%e2%80%9chigher-growth%e2%80%9d-middle-and-far-east-markets-in-mind/#comments</comments>
		<pubDate>Wed, 01 Jul 2009 13:55:53 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Assistant Chief Executive for Business Development]]></category>
		<category><![CDATA[basic telecom services]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[Booz & Company]]></category>
		<category><![CDATA[Celtel International]]></category>
		<category><![CDATA[Far East]]></category>
		<category><![CDATA[Gaza;]]></category>
		<category><![CDATA[Ghassan Hasbani]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Kuwait]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Paltel]]></category>
		<category><![CDATA[Tanzania]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[Uganda]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Vp]]></category>
		<category><![CDATA[West  Bank;]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=812</guid>
		<description><![CDATA[According to its Assistant Chief Executive for Business Development and Government Relations Barrak al-Subeih, Zain&#8217;s possible decision to sell its African operations would be made in order to &#8220;look for expansion opportunities in other areas with higher growth rates, such as the Middle East or the Far East.&#8221;  Hitherto, the Kuwait telecom firm has spent [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=812&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/zain%e2%80%99s-africa-sale-would-be-with-%e2%80%9chigher-growth%e2%80%9d-middle-and-far-east-markets-in-mind/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Samba Bank bleak on Saudi market for rest of 2009</title>
		<link>http://www.straightstocks.com/market-commentary/samba-bank-bleak-on-saudi-market-for-rest-of-2009/</link>
		<comments>http://www.straightstocks.com/market-commentary/samba-bank-bleak-on-saudi-market-for-rest-of-2009/#comments</comments>
		<pubDate>Tue, 30 Jun 2009 15:01:51 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Jeddah]]></category>
		<category><![CDATA[king]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[non-oil sectors;]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[Oil Prices]]></category>
		<category><![CDATA[Real Estate Market]]></category>
		<category><![CDATA[Red Sea;]]></category>
		<category><![CDATA[Riyadh]]></category>
		<category><![CDATA[Samba Bank]]></category>
		<category><![CDATA[The Macro Trader]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=808</guid>
		<description><![CDATA[Saudi Arabia&#8217;s Tadawul All-Share Index (TASI) has posted impressive returns YTD (up over 16%), but last week&#8217;s correction, coupled with a recent report issued by Riyadh-based Samba Bank&#8211;which warned that the recovery of oil prices to above $60/barrel and a forecasted 24% increase in government spending will not be adequate to offset a sharp slowdown [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=808&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/samba-bank-bleak-on-saudi-market-for-rest-of-2009/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>Analysts differ over Kenyan shilling</title>
		<link>http://www.straightstocks.com/market-commentary/analysts-differ-over-kenyan-shilling/</link>
		<comments>http://www.straightstocks.com/market-commentary/analysts-differ-over-kenyan-shilling/#comments</comments>
		<pubDate>Mon, 29 Jun 2009 05:11:18 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Absa Capital]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Central Bank of Kenya]]></category>
		<category><![CDATA[CFC Stanbic Bank]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Kenyan government]]></category>
		<category><![CDATA[TRADER]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=805</guid>
		<description><![CDATA[Differing projections emerged this week on the future fate of Kenya&#8217;s shilling, which has risen of late against the dollar thanks to heavy dollar selling from offshore accounts and healthy interest in Kenyan government bonds from foreign buyers.  On Friday the shilling traded 76.85/77.15 against the dollar after several weeks mired in a monotonous [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=805&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/analysts-differ-over-kenyan-shilling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IMF chief highlights Tunisia’s relative resilience to global recession</title>
		<link>http://www.straightstocks.com/market-commentary/imf-chief-highlights-tunisia%e2%80%99s-relative-resilience-to-global-recession/</link>
		<comments>http://www.straightstocks.com/market-commentary/imf-chief-highlights-tunisia%e2%80%99s-relative-resilience-to-global-recession/#comments</comments>
		<pubDate>Sun, 28 Jun 2009 00:36:44 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[chief]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Tunisia]]></category>
		<category><![CDATA[Tunisian mission]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=803</guid>
		<description><![CDATA[According to Joel Toujas-Bernat, the International Monetary Fund&#8217;s (IMF) Tunisian mission chief, Tunisia maintains a &#8220;relatively favorable position&#8221; to address the financial crisis.  In addition to the government&#8217;s historically &#8220;cautious&#8221; monetary policy, which created a buffer zone for public finances, Toujas-Bernat cited an anticipated &#8220;good performance&#8221; in agriculture and energy as the underpinning for the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=803&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/imf-chief-highlights-tunisia%e2%80%99s-relative-resilience-to-global-recession/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On Uganda’s timber shortage</title>
		<link>http://www.straightstocks.com/market-commentary/on-uganda%e2%80%99s-timber-shortage/</link>
		<comments>http://www.straightstocks.com/market-commentary/on-uganda%e2%80%99s-timber-shortage/#comments</comments>
		<pubDate>Wed, 24 Jun 2009 19:33:22 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Allan Amumpe]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Commission of European Communities;]]></category>
		<category><![CDATA[Congo]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[MTN Uganda]]></category>
		<category><![CDATA[namely President]]></category>
		<category><![CDATA[National Forest Authority]]></category>
		<category><![CDATA[palm oil developers]]></category>
		<category><![CDATA[Secretary]]></category>
		<category><![CDATA[Sheila Katamara]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[SPGS project manager]]></category>
		<category><![CDATA[Stanbic Bank Uganda]]></category>
		<category><![CDATA[Tanzania]]></category>
		<category><![CDATA[Uganda]]></category>
		<category><![CDATA[Uganda Timber Growers Association]]></category>
		<category><![CDATA[Uganda Tree Growers’ Association]]></category>
		<category><![CDATA[Yoweri Museveni]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=799</guid>
		<description><![CDATA[Some markets which I would classify as &#8220;frontier&#8221; may be even too frontier to really invest in.  Uganda, for example, has only a dozen securities listed on its exchange, and typical volume is dominated largely by one of them—Stanbic Bank Uganda, whose market cap dwarfs that of any of the other country&#8217;s firms, and which [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=799&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/on-uganda%e2%80%99s-timber-shortage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Yousif’s Istikhlaf to be an “Islamic Goldman Sachs”?</title>
		<link>http://www.straightstocks.com/market-commentary/yousif%e2%80%99s-istikhlaf-to-be-an-%e2%80%9cislamic-goldman-sachs%e2%80%9d/</link>
		<comments>http://www.straightstocks.com/market-commentary/yousif%e2%80%99s-istikhlaf-to-be-an-%e2%80%9cislamic-goldman-sachs%e2%80%9d/#comments</comments>
		<pubDate>Tue, 23 Jun 2009 01:45:47 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Al Baraka Banking Group]]></category>
		<category><![CDATA[Arab Banking Corporation]]></category>
		<category><![CDATA[Bahrain]]></category>
		<category><![CDATA[Bahrain Stock Exchange]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[chief executive]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[compliant investment bank]]></category>
		<category><![CDATA[conventional banks;]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[finance houses]]></category>
		<category><![CDATA[Gulf oil]]></category>
		<category><![CDATA[Hsbc]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[sharia  law]]></category>
		<category><![CDATA[Union of Arab Banks]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Western;]]></category>
		<category><![CDATA[wholesale banking services]]></category>
		<category><![CDATA[Yousif]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=791</guid>
		<description><![CDATA[An interesting feature in this week&#8217;s Economist (&#8220;Face Value: Godly but ambitious&#8221;) focuses on Adnan Yousif (pictured right), who in 1980 with the Bahrain-based Arab Banking Corporation was one of the first to establish an Islamic-finance practice and is now the chairman of the Union of Arab Banks and chief executive of Al Baraka Banking [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=791&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/yousif%e2%80%99s-istikhlaf-to-be-an-%e2%80%9cislamic-goldman-sachs%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>Saudi banks to help Zain reschedule murabaha loan</title>
		<link>http://www.straightstocks.com/market-commentary/saudi-banks-to-help-zain-reschedule-murabaha-loan/</link>
		<comments>http://www.straightstocks.com/market-commentary/saudi-banks-to-help-zain-reschedule-murabaha-loan/#comments</comments>
		<pubDate>Sun, 21 Jun 2009 21:05:50 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[Al-Rajhi Bank;]]></category>
		<category><![CDATA[Banque Saudi Fransi]]></category>
		<category><![CDATA[Chief Communications Officer]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Ibrahim Adel]]></category>
		<category><![CDATA[intermediary financier]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kuwait]]></category>
		<category><![CDATA[Mobile Telecommunications Co.]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Zain Saudi Arabia]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=789</guid>
		<description><![CDATA[Reports surfaced this past week that Kuwait’s Mobile Telecommunications Co. (Zain)&#8211;the leading African and Middle Eastern mobile operator&#8211;is close to rescheduling a $2.5 billion two-year &#8220;murabaha&#8221; loan agreement on behalf of its subsidiary, Zain Saudi Arabia, that it signed in 2007 in order to finance the development of its infrastructure and the expansion of its [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=789&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/saudi-banks-to-help-zain-reschedule-murabaha-loan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Broadband a boon for Kenya?</title>
		<link>http://www.straightstocks.com/market-commentary/broadband-a-boon-for-kenya/</link>
		<comments>http://www.straightstocks.com/market-commentary/broadband-a-boon-for-kenya/#comments</comments>
		<pubDate>Sun, 21 Jun 2009 05:49:08 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[broadband access;]]></category>
		<category><![CDATA[Commentator]]></category>
		<category><![CDATA[communications networks]]></category>
		<category><![CDATA[communications revolution]]></category>
		<category><![CDATA[company-wide computer software system]]></category>
		<category><![CDATA[East Africa]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[internet access costs]]></category>
		<category><![CDATA[internet explosion]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[KCB Bank]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Kenya Airways]]></category>
		<category><![CDATA[Mobile Phones]]></category>
		<category><![CDATA[Mwai Kibaki]]></category>
		<category><![CDATA[observer]]></category>
		<category><![CDATA[president]]></category>
		<category><![CDATA[Sri Lanka]]></category>
		<category><![CDATA[Sudan]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=784</guid>
		<description><![CDATA[An interesting piece from this week&#8217;s Economist (&#8220;It may make life easier and cheaper&#8221;) details a spending splurge in East Africa, which comes in the form of a &#8220;regional communications revolution [that] belatedly got under way when Kenya’s president, Mwai Kibaki, plugged in the first of three fibre-optic submarine cables due to make landfall in [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=784&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/broadband-a-boon-for-kenya/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Saudi CMA looks to help banks by diversifying capital markets</title>
		<link>http://www.straightstocks.com/market-commentary/saudi-cma-looks-to-help-banks-by-diversifying-capital-markets/</link>
		<comments>http://www.straightstocks.com/market-commentary/saudi-cma-looks-to-help-banks-by-diversifying-capital-markets/#comments</comments>
		<pubDate>Fri, 19 Jun 2009 14:27:34 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[head of debt]]></category>
		<category><![CDATA[HSBC Saudi Arabia]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Rajiv Shukla]]></category>
		<category><![CDATA[regional head]]></category>
		<category><![CDATA[regional head of debt markets]]></category>
		<category><![CDATA[Saudi Capital Market Authority]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=779</guid>
		<description><![CDATA[The commencement in Saudi Arabia earlier this week of both a regulated bond and sukuk (Islamic bond) market is &#8220;a very sensible approach&#8221; to the problems facing many Saudi banks&#8211;namely the fact their loan-to-deposit ratios already exceed the central bank&#8217;s imposed ceilings&#8211;and will help to create &#8220;deeper and wider&#8221; financial markets, according to Rajiv Shukla, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=779&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/saudi-cma-looks-to-help-banks-by-diversifying-capital-markets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“Big companies looking to go public” in Dubai, says Borse chairman</title>
		<link>http://www.straightstocks.com/market-commentary/%e2%80%9cbig-companies-looking-to-go-public%e2%80%9d-in-dubai-says-borse-chairman/</link>
		<comments>http://www.straightstocks.com/market-commentary/%e2%80%9cbig-companies-looking-to-go-public%e2%80%9d-in-dubai-says-borse-chairman/#comments</comments>
		<pubDate>Tue, 16 Jun 2009 16:11:43 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Borse Dubai]]></category>
		<category><![CDATA[closely-connected banking;]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Essa Kazim;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[real estate sectors]]></category>
		<category><![CDATA[Reuters]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=777</guid>
		<description><![CDATA[The recent resurgence of Dubai&#8217;s Financial Market&#8217;s (DFM) general index (it has fallen 61% since last summer, but is up 42% since March and roughly 28% YTD)&#8211;coupled with tighter lending standards&#8211;will likely cause more firms to publicly float their shares, surmised Essa Kazim, executive chairman of Borse Dubai.  Firms are historically reticent to utilize capital [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=777&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/%e2%80%9cbig-companies-looking-to-go-public%e2%80%9d-in-dubai-says-borse-chairman/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NSE Index presents unique opportunities, says Laraiyetan</title>
		<link>http://www.straightstocks.com/market-commentary/nse-index-presents-unique-opportunities-says-laraiyetan/</link>
		<comments>http://www.straightstocks.com/market-commentary/nse-index-presents-unique-opportunities-says-laraiyetan/#comments</comments>
		<pubDate>Tue, 16 Jun 2009 03:27:21 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[BGL Capital Management;]]></category>
		<category><![CDATA[BGL Securities;]]></category>
		<category><![CDATA[Henry Laraiyetan;]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nigerian Stock Exchange;]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=774</guid>
		<description><![CDATA[According to BGL Securities, an investment bank, the Nigeria&#8217;s NSE All-Share index is still &#8220;fundamentally strong&#8221; and &#8220;sound,&#8221; and that the recent rally was &#8220;a result of renewed confidence and thrust by both local and foreign investors.&#8221;  Specifically, per Henry Laraiyetan, BGL Capital Management&#8217;s executive director, liquidity easing helped to bring to light not only [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=774&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/nse-index-presents-unique-opportunities-says-laraiyetan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ameriyah Cement announces three-month profit increase</title>
		<link>http://www.straightstocks.com/egypt/ameriyah-cement-announces-three-month-profit-increase/</link>
		<comments>http://www.straightstocks.com/egypt/ameriyah-cement-announces-three-month-profit-increase/#comments</comments>
		<pubDate>Tue, 16 Jun 2009 02:54:25 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Alexandria;]]></category>
		<category><![CDATA[Ameriyah Cement;]]></category>
		<category><![CDATA[cement products;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=771</guid>
		<description><![CDATA[Ameriyah Cement, an Alexandria-based firm that manufactures and markets cement products, announced this past weekend a 50% in consolidated net profits and a 43% increase in standalone profits for the three-month period ending March 31, 2009 compared with the previous financial year.
       <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=771&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/egypt/ameriyah-cement-announces-three-month-profit-increase/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Frontier markets offer more than just a commodity play, says Speidell</title>
		<link>http://www.straightstocks.com/market-commentary/frontier-markets-offer-more-than-just-a-commodity-play-says-speidell/</link>
		<comments>http://www.straightstocks.com/market-commentary/frontier-markets-offer-more-than-just-a-commodity-play-says-speidell/#comments</comments>
		<pubDate>Sun, 14 Jun 2009 23:44:36 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[consumer products]]></category>
		<category><![CDATA[Frontier Markets Asset Management;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Lawrence Speidell;]]></category>
		<category><![CDATA[metal]]></category>
		<category><![CDATA[MSCI World]]></category>
		<category><![CDATA[S]]></category>
		<category><![CDATA[Wall St. Journal]]></category>
		<category><![CDATA[Zambia]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=768</guid>
		<description><![CDATA[
An interesting piece from last Monday&#8217;s Wall St. Journal (&#8220;Rediscovering Frontier Ethic of Investing&#8221;) highlighted some important principles prevalent among frontier market investors, one of which is that the relative small size and illiquidity of said markets makes their price swings all the more volatile, as is evident by a quick glance at the article&#8217;s accompanying graph (shown [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=768&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/frontier-markets-offer-more-than-just-a-commodity-play-says-speidell/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Attijari Bank: Morocco’s leading bank gaining ground in Tunisia</title>
		<link>http://www.straightstocks.com/market-commentary/attijari-bank-morocco%e2%80%99s-leading-bank-gaining-ground-in-tunisia/</link>
		<comments>http://www.straightstocks.com/market-commentary/attijari-bank-morocco%e2%80%99s-leading-bank-gaining-ground-in-tunisia/#comments</comments>
		<pubDate>Sat, 13 Jun 2009 23:08:54 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Morocco]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Attijari Bank;]]></category>
		<category><![CDATA[Attijariwafa Bank;]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[bank gaining;]]></category>
		<category><![CDATA[Bank of Tunisia;]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banque Attijari de Tunisie;]]></category>
		<category><![CDATA[dinar;]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Moncef Chaffar;]]></category>
		<category><![CDATA[profitable bank]]></category>
		<category><![CDATA[Tunisia]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=765</guid>
		<description><![CDATA[Banque Attijari de Tunisie, or the Attijari Bank, the Tunisian branch of Morocco&#8217;s Attijariwafa Bank (NYSE:ATW)&#8211;Morocco’s leading banking and financial services group and the seventh-largest bank in Africa in terms of total assets&#8211;surpassed the Banque Internationale Arabe de Tunisie in 2008 to become the country&#8217;s second most profitable bank behind Bank of Tunisia.  Among [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=765&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/attijari-bank-morocco%e2%80%99s-leading-bank-gaining-ground-in-tunisia/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Bank of Alexandria IPO reflects “positive vibes in the market”, says bank</title>
		<link>http://www.straightstocks.com/egypt/bank-of-alexandria-ipo-reflects-%e2%80%9cpositive-vibes-in-the-market%e2%80%9d-says-bank/</link>
		<comments>http://www.straightstocks.com/egypt/bank-of-alexandria-ipo-reflects-%e2%80%9cpositive-vibes-in-the-market%e2%80%9d-says-bank/#comments</comments>
		<pubDate>Thu, 11 Jun 2009 22:05:37 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Bank of Alexandria IPO;]]></category>
		<category><![CDATA[Bank of Alexandria;]]></category>
		<category><![CDATA[CI Capital Holding;]]></category>
		<category><![CDATA[Daily News]]></category>
		<category><![CDATA[Egyptian government;]]></category>
		<category><![CDATA[Intesa Sanpaolo SpA]]></category>
		<category><![CDATA[Investment Bank]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[state-owned bank]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=763</guid>
		<description><![CDATA[Per the Daily News, Bank of Alexandria, a unit of Italy&#8217;s Intesa Sanpaolo SpA, is negotiating with the Egyptian government to sell either 15% or its full 20% ownership stake in an initial public offering (IPO).  Egypt is said to be looking to divest itself of state-owned banks in order to strengthen its historically troubled [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=763&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/egypt/bank-of-alexandria-ipo-reflects-%e2%80%9cpositive-vibes-in-the-market%e2%80%9d-says-bank/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Bahrain’s sukuk is priced low, but will be absorbed nonetheless notes manager</title>
		<link>http://www.straightstocks.com/market-commentary/bahrain%e2%80%99s-sukuk-is-priced-low-but-will-be-absorbed-nonetheless-notes-manager/</link>
		<comments>http://www.straightstocks.com/market-commentary/bahrain%e2%80%99s-sukuk-is-priced-low-but-will-be-absorbed-nonetheless-notes-manager/#comments</comments>
		<pubDate>Wed, 10 Jun 2009 01:12:13 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Algebra Capital;]]></category>
		<category><![CDATA[Bahrain]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[Calyon S.A.;]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Hsbc]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Persian Gulf]]></category>
		<category><![CDATA[SGD]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=759</guid>
		<description><![CDATA[According to Mohieddine Kronfol (pictured left), managing director of Algebra Capital, a Dubai-based investment firm, pricing of Bahrain&#8217;s $750m, five-year sovereign sukuk (Islamic bond) issue&#8211;which is being managed by Calyon S.A., Deutsche Bank and HSBC and is expected to yield somewhere 340-350 basis points above similar maturity U.S. Treasuries&#8211;is on the &#8220;low end of expectations&#8221; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=759&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/bahrain%e2%80%99s-sukuk-is-priced-low-but-will-be-absorbed-nonetheless-notes-manager/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>How can frontier market funds tail-risk hedge?</title>
		<link>http://www.straightstocks.com/market-commentary/how-can-frontier-market-funds-tail-risk-hedge/</link>
		<comments>http://www.straightstocks.com/market-commentary/how-can-frontier-market-funds-tail-risk-hedge/#comments</comments>
		<pubDate>Tue, 09 Jun 2009 16:54:23 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Curtis Mewbourne;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[mohamed el erian]]></category>
		<category><![CDATA[Vineer Bhansali;]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=753</guid>
		<description><![CDATA[An interesting pieced from Morningstar (&#8221;The PIMCO Approach to Avoiding &#8216;Black Swan&#8217; events&#8221;) left me wondering how frontier market oriented funds can best mitigate against the rare-yet-troublingly-frequent &#8220;fat tail&#8221; distributions that have left a mounting plethora of portfolio managers in its wake?
PIMCO&#8217;s Vineer Bhansali, who runs the firm&#8217;s open-ended Global Multi-Asset mutual fund along with [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=753&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Indonesian coal miners see robust and undeterred Chinese demand</title>
		<link>http://www.straightstocks.com/investing-in-china/indonesian-coal-miners-see-robust-and-undeterred-chinese-demand/</link>
		<comments>http://www.straightstocks.com/investing-in-china/indonesian-coal-miners-see-robust-and-undeterred-chinese-demand/#comments</comments>
		<pubDate>Sun, 07 Jun 2009 05:08:07 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Indonesia]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Alastair Grant;]]></category>
		<category><![CDATA[Apimuk Taifayongvichit;]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Coal Miner]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kevin Rudd]]></category>
		<category><![CDATA[Newcastle]]></category>
		<category><![CDATA[PT Bumi Resources Tbk;]]></category>
		<category><![CDATA[PT Ciptadana Securities;]]></category>
		<category><![CDATA[Sylvia Darmaji;]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=750</guid>
		<description><![CDATA[PT Adaro Energy, Indonesia&#8217;s no. 2 coal miner (behind PT Bumi Resources Tbk, which by contrast will send 8 million tons to China this year), stated recently that it had already contracted much of its increase sales to China of 3.5 million tons in 2009&#8211;up from roughly 2 million tons last year&#8211;while reiterating that Chinese [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=750&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Argentina “demoted” to frontier status</title>
		<link>http://www.straightstocks.com/investing-in-argentina-stocks/argentina-%e2%80%9cdemoted%e2%80%9d-to-frontier-status/</link>
		<comments>http://www.straightstocks.com/investing-in-argentina-stocks/argentina-%e2%80%9cdemoted%e2%80%9d-to-frontier-status/#comments</comments>
		<pubDate>Sat, 06 Jun 2009 02:58:03 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Argentina]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Accessor Frontier Markets Fund;]]></category>
		<category><![CDATA[Bloomberg Argentina;]]></category>
		<category><![CDATA[Cristina Fernández de  Kirchner]]></category>
		<category><![CDATA[Forward Management LLC;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[MerVal]]></category>
		<category><![CDATA[MSCI Inc]]></category>
		<category><![CDATA[Paul Herber;]]></category>
		<category><![CDATA[Seattle]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=739</guid>
		<description><![CDATA[Despite the fact that its benchmark Merval index is up over 50% this year&#8211;making it the world&#8217;s fifth-best performer according to Bloomberg&#8211;Argentina lost its position in the benchmark emerging-market stock index this past week and joined MSCI Inc.’s &#8220;frontier&#8221; category, a classification based on a given market&#8217;s size, liquidity and economic development.  Analysts told Bloomberg [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=739&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Polish debt to grow, yet zloty cheap according to technicals</title>
		<link>http://www.straightstocks.com/market-commentary/polish-debt-to-grow-yet-zloty-cheap-according-to-technicals/</link>
		<comments>http://www.straightstocks.com/market-commentary/polish-debt-to-grow-yet-zloty-cheap-according-to-technicals/#comments</comments>
		<pubDate>Fri, 05 Jun 2009 02:36:12 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Poland]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Brussels]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Latvia]]></category>
		<category><![CDATA[Standard Chartered]]></category>
		<category><![CDATA[The Financial Times]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=737</guid>
		<description><![CDATA[According to the Financial Times on Thursday, &#8220;Poland will remain among the EU’ s top performers because of actions “undertaken by successive governments and the clear commitment to financial discipline”.  That said, rising unemployment and declining credit will hamper consumer demand, whose resilience hitherto has help to allow Poland&#8217;s GDP growth to easily outshine the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=737&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Kenya’s beverage wars: fighting for sub-Saharan consumption</title>
		<link>http://www.straightstocks.com/market-commentary/kenya%e2%80%99s-beverage-wars-fighting-for-sub-saharan-consumption/</link>
		<comments>http://www.straightstocks.com/market-commentary/kenya%e2%80%99s-beverage-wars-fighting-for-sub-saharan-consumption/#comments</comments>
		<pubDate>Thu, 04 Jun 2009 16:00:44 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[beverage wars;]]></category>
		<category><![CDATA[Coca Cola]]></category>
		<category><![CDATA[Diageo]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[United Nations]]></category>
		<category><![CDATA[Wall St. Journal]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=734</guid>
		<description><![CDATA[Great piece in today&#8217;s Wall St. Journal (&#8221;Soft-Drink War Rages in Kenya&#8211;but Not Over Cola&#8221;) highlighting the ongoing &#8220;battle&#8221; between East African Breweries, a unit of London-based spirits maker Diageo, and Coca-Cola over non-alcoholic, malt drinks (Alvaro versus Novida).  East African Breweries owns all of Kenya&#8217;s major beer brands; yet as the piece points out, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=734&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Swan Group remains resilient</title>
		<link>http://www.straightstocks.com/market-commentary/swan-group-remains-resilient/</link>
		<comments>http://www.straightstocks.com/market-commentary/swan-group-remains-resilient/#comments</comments>
		<pubDate>Thu, 04 Jun 2009 15:43:07 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[insurance sector]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Mauritius]]></category>
		<category><![CDATA[revenue life insurance premiums;]]></category>
		<category><![CDATA[Swan Group;]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=731</guid>
		<description><![CDATA[The Swan Group, one of the market leaders in the insurance sector in Mauritius, announced last month that its performance during the first quarter of the year &#8220;was not affected&#8221; despite the global slowdown.  Rather, executives noted that the firm realized a substantial increase in its excess collateral.  And while revenue life insurance premiums predictably [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=731&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/swan-group-remains-resilient/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Botswana: Debt financing helps now, but diamonds aren’t forever</title>
		<link>http://www.straightstocks.com/market-commentary/botswana-debt-financing-helps-now-but-diamonds-aren%e2%80%99t-forever/</link>
		<comments>http://www.straightstocks.com/market-commentary/botswana-debt-financing-helps-now-but-diamonds-aren%e2%80%99t-forever/#comments</comments>
		<pubDate>Wed, 03 Jun 2009 16:54:03 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Bank of Botswana;]]></category>
		<category><![CDATA[Botswana]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Development Bank]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=726</guid>
		<description><![CDATA[Back in March I analyzed and indeed applauded the Bank of Botswana&#8217;s decision to run a fiscal deficit in the face of waning exports.  Given the country&#8217;s accumulated reserves, as well as then-falling commodity prices, temporarily raiding coffers in order to support domestic consumption—despite the long-term problems posed by such &#8220;unorthodox&#8221; policy—was a no-brainer for [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=726&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/botswana-debt-financing-helps-now-but-diamonds-aren%e2%80%99t-forever/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Gulf’s nascent bond market will soon be tradable</title>
		<link>http://www.straightstocks.com/market-commentary/gulf%e2%80%99s-nascent-bond-market-will-soon-be-tradable/</link>
		<comments>http://www.straightstocks.com/market-commentary/gulf%e2%80%99s-nascent-bond-market-will-soon-be-tradable/#comments</comments>
		<pubDate>Wed, 03 Jun 2009 02:01:42 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[Aldar Properties;]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Malaysia]]></category>
		<category><![CDATA[MYR;]]></category>
		<category><![CDATA[PLUS Expressways Bhd.;]]></category>
		<category><![CDATA[Real Estate Developer]]></category>
		<category><![CDATA[toll road operator;]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=722</guid>
		<description><![CDATA[A short piece in this week&#8217;s Economist focuses on the Gulf&#8217;s &#8220;nascent&#8221; bond market, which comprise only 3% of the world&#8217;s capital markets (debt in general makes up one-third).  Global sukuk sales halved last year and were pretty moribund in the first quarter of 2009.  That said, recent activity suggests not only resilience, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=722&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/gulf%e2%80%99s-nascent-bond-market-will-soon-be-tradable/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Strong environment for MA in GCC banking sector, study finds</title>
		<link>http://www.straightstocks.com/market-commentary/strong-environment-for-ma-in-gcc-banking-sector-study-finds/</link>
		<comments>http://www.straightstocks.com/market-commentary/strong-environment-for-ma-in-gcc-banking-sector-study-finds/#comments</comments>
		<pubDate>Mon, 01 Jun 2009 15:38:34 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Alexander von Pock;]]></category>
		<category><![CDATA[AT Kearney;]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Financial Institutions Group;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[retail banks]]></category>
		<category><![CDATA[UAE]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=720</guid>
		<description><![CDATA[An examination of GCC banks recently published by AT Kearney, a financial consulting firm, concluded that the region&#8217;s banking industry will likely undergo consolidation via M&#38;A in the face of changing conditions in the global and regional financial markets.  The study foresees first the rise of &#8220;national champions&#8221;, as well as a plethora mergers between [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=720&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/strong-environment-for-ma-in-gcc-banking-sector-study-finds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FT frontier-related quickies from Wednesday</title>
		<link>http://www.straightstocks.com/market-commentary/ft-frontier-related-quickies-from-wednesday/</link>
		<comments>http://www.straightstocks.com/market-commentary/ft-frontier-related-quickies-from-wednesday/#comments</comments>
		<pubDate>Thu, 28 May 2009 03:33:58 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Vietnam]]></category>
		<category><![CDATA[David Pilling;]]></category>
		<category><![CDATA[Harvard University]]></category>
		<category><![CDATA[Ho Chi Minh City;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[John Dizard;]]></category>
		<category><![CDATA[Jonathan Pinkus;]]></category>
		<category><![CDATA[Kennedy School;]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[Taiwan]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Wal Mart]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=718</guid>
		<description><![CDATA[
Behold the &#8220;negative basis trade,&#8221; per John Dizard: &#8220;You can own a corporate bond, or emerging market sovereign bond, buy default protection on the paper with CDS, and collect interest payments for taking no risk. That&#8217;s right: because CDS prices are depressed, relative to the comparable bonds, you can collect money for taking no risk.&#8221;
Per [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=718&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/ft-frontier-related-quickies-from-wednesday/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Progressive’s AFMF Fund weathering on</title>
		<link>http://www.straightstocks.com/market-commentary/progressive%e2%80%99s-afmf-fund-weathering-on/</link>
		<comments>http://www.straightstocks.com/market-commentary/progressive%e2%80%99s-afmf-fund-weathering-on/#comments</comments>
		<pubDate>Wed, 27 May 2009 16:11:00 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Advance Frontier Markets Fund;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Progressive's AFMF Fund;]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=714</guid>
		<description><![CDATA[Interesting tidbit in CityWire regarding the Advance Frontier Markets Fund (AFMF) managed by Progressive, a fund of funds specialist that focuses on underdeveloped markets.
&#8220;Launched in 2007, AFMF initially withstood the onset of the credit crunch. However, the intensification of the crisis last summer led to a sudden withdrawal of liquidity from frontier markets, and AFMF’s [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=714&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/progressive%e2%80%99s-afmf-fund-weathering-on/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Indictments of “landgrabs” in Asia, Africa a testament to poor drafting, not the underlying concept</title>
		<link>http://www.straightstocks.com/market-commentary/indictments-of-%e2%80%9clandgrabs%e2%80%9d-in-asia-africa-a-testament-to-poor-drafting-not-the-underlying-concept/</link>
		<comments>http://www.straightstocks.com/market-commentary/indictments-of-%e2%80%9clandgrabs%e2%80%9d-in-asia-africa-a-testament-to-poor-drafting-not-the-underlying-concept/#comments</comments>
		<pubDate>Tue, 26 May 2009 16:55:46 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[Cambodia]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[East Africa]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[Food Prices]]></category>
		<category><![CDATA[food production]]></category>
		<category><![CDATA[food stocks;]]></category>
		<category><![CDATA[food-market turmoil;]]></category>
		<category><![CDATA[Indonesia]]></category>
		<category><![CDATA[International Fund for Agricultural Development;]]></category>
		<category><![CDATA[International Institute for Environment and Development;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[London]]></category>
		<category><![CDATA[Madagascar;]]></category>
		<category><![CDATA[Nomura Holdings]]></category>
		<category><![CDATA[Richard Ferguson;]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[Saudi Binladin Group;]]></category>
		<category><![CDATA[Sudan]]></category>
		<category><![CDATA[The Financial Times]]></category>
		<category><![CDATA[The Philippines]]></category>
		<category><![CDATA[UN Food and Agriculture Organization;]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=707</guid>
		<description><![CDATA[A recent study published by the International Institute for Environment and Development (IIED) at the request of UN Food and Agriculture Organization and International Fund for Agricultural Development (IFAD), confirms the fears of many critics that land deals in Africa and Asia may in practice be little more than &#8220;neocolonialism&#8221;.
The report found that many countries [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=707&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/indictments-of-%e2%80%9clandgrabs%e2%80%9d-in-asia-africa-a-testament-to-poor-drafting-not-the-underlying-concept/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt restructuring in the Frontier</title>
		<link>http://www.straightstocks.com/iraq/debt-restructuring-in-the-frontier/</link>
		<comments>http://www.straightstocks.com/iraq/debt-restructuring-in-the-frontier/#comments</comments>
		<pubDate>Mon, 25 May 2009 23:13:45 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Baghdad]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[creditors  central banks;]]></category>
		<category><![CDATA[Derrill Allatt;]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Gulf Coast]]></category>
		<category><![CDATA[Hungary]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[middle-market investment bank;]]></category>
		<category><![CDATA[Paris Club;]]></category>
		<category><![CDATA[Russian Government]]></category>
		<category><![CDATA[Seychelles;]]></category>
		<category><![CDATA[Tunisia]]></category>
		<category><![CDATA[Turkey]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=705</guid>
		<description><![CDATA[Interesting article from April 24th&#8217;s Investment Dealers&#8217; Digest (IDD) regarding Houlihan Lokey (&#8220;From Century City To Baghdad&#8221;, subscription required), a middle-market investment bank whose restructuring practice has given it an international reputation, and whose decision to rebuff various bulge-bracket suitors over the past decade or so now looks increasingly prudent.
In addition to working with the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=705&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/iraq/debt-restructuring-in-the-frontier/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sri Lanka: Back In Play</title>
		<link>http://www.straightstocks.com/market-commentary/sri-lanka-back-in-play/</link>
		<comments>http://www.straightstocks.com/market-commentary/sri-lanka-back-in-play/#comments</comments>
		<pubDate>Mon, 25 May 2009 00:07:41 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[ASPI;]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Colombo Stock Exchange;]]></category>
		<category><![CDATA[Detroit Tigers;]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[Geeth Balasuriya;]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[John Keells Hotels;]]></category>
		<category><![CDATA[Lanka Hotel;]]></category>
		<category><![CDATA[Miramar Beach Hotel;]]></category>
		<category><![CDATA[MPI;]]></category>
		<category><![CDATA[port of Trincomalee;]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[Sri Lanka]]></category>
		<category><![CDATA[Taj Lanka Hotel;]]></category>
		<category><![CDATA[Tamil Tigers;]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=702</guid>
		<description><![CDATA[Following the defeat of the Tamil Tigers’ (LTTE) 26-year insurgency in Sri Lanka, the Colombo Stock Exchange (CSE) surged, with the All Shares Price Index (ASPI), which tracks the movement of all the stocks listed in the CSE, recording its sixth highest daily percentage growth in history, and the Milanka Price Index (MPI), composed of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=702&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/sri-lanka-back-in-play/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Qatar construction sector gearing up for growth</title>
		<link>http://www.straightstocks.com/market-commentary/qatar-construction-sector-gearing-up-for-growth/</link>
		<comments>http://www.straightstocks.com/market-commentary/qatar-construction-sector-gearing-up-for-growth/#comments</comments>
		<pubDate>Fri, 22 May 2009 01:52:42 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Al Saaq;]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Doha;]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[gas revenues]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Oil And Gas]]></category>
		<category><![CDATA[Qatar]]></category>
		<category><![CDATA[Qatar Tourism and Exhibitions Authority;]]></category>
		<category><![CDATA[Real Estate Market]]></category>
		<category><![CDATA[real estate sector]]></category>
		<category><![CDATA[tourism infrastructure;]]></category>
		<category><![CDATA[Trance Continent;]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=697</guid>
		<description><![CDATA[According to Trade Arabia, a news source, the Qatar construction sector is poised to grow by 17.6% YOY in 2009, as &#8220;gas revenues continue to provide the country with ample funds to re-invest into infrastructure development and construction projects.&#8221;
A byproduct of this trend will be a &#8220;spillover&#8221; into the country&#8217;s real estate market, which contributes [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=697&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/qatar-construction-sector-gearing-up-for-growth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On the vagaries of Islamic finance</title>
		<link>http://www.straightstocks.com/market-commentary/on-the-vagaries-of-islamic-finance/</link>
		<comments>http://www.straightstocks.com/market-commentary/on-the-vagaries-of-islamic-finance/#comments</comments>
		<pubDate>Wed, 20 May 2009 17:28:30 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Aston Martin;]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Hsbc]]></category>
		<category><![CDATA[Investment Dar;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Lex Column;]]></category>
		<category><![CDATA[sports car maker;]]></category>
		<category><![CDATA[United Kingdom]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=694</guid>
		<description><![CDATA[Nice aside in FT&#8217;s Lex Column yesterday regarding its reservations towards sukuk—Islamic bonds:
Islamic finance is beset by uncertainties. One is how the claims of sukuk holders stack up against those of other stakeholders in the event of default. Last week’s default on a $100m sukuk bond by Investment Dar, a Kuwaiti investment company that owns [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=694&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Business Diary contributions to begin</title>
		<link>http://www.straightstocks.com/market-commentary/business-diary-contributions-to-begin/</link>
		<comments>http://www.straightstocks.com/market-commentary/business-diary-contributions-to-begin/#comments</comments>
		<pubDate>Tue, 19 May 2009 16:52:00 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[finance periodical;]]></category>
		<category><![CDATA[Financial Times]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[retail]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=690</guid>
		<description><![CDATA[Herewith my May 2009 article for The Business Diary, a monthly Botswana-centered finance periodical that also highlights and features commentary on economic happenings around the SADC region.
I&#8217;ll begin posting my contributions shortly after they appear both in print and online.  June&#8217;s article features an in-depth look at the emergence of private equity in various [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=690&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/market-commentary/business-diary-contributions-to-begin/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Egyptian telecoms a defensive growth play as markets react to row-related rumors</title>
		<link>http://www.straightstocks.com/egypt/egyptian-telecoms-a-defensive-growth-play-as-markets-react-to-row-related-rumors/</link>
		<comments>http://www.straightstocks.com/egypt/egyptian-telecoms-a-defensive-growth-play-as-markets-react-to-row-related-rumors/#comments</comments>
		<pubDate>Tue, 19 May 2009 15:35:52 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[3g]]></category>
		<category><![CDATA[3G services]]></category>
		<category><![CDATA[CASE;]]></category>
		<category><![CDATA[France Telecom]]></category>
		<category><![CDATA[internet  users]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[mobile Internet]]></category>
		<category><![CDATA[Mobinil;]]></category>
		<category><![CDATA[Orascom Telecom;]]></category>
		<category><![CDATA[Vodafone]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=688</guid>
		<description><![CDATA[Egypt&#8217;s benchmark CASE 30 stock index, the EGX 30, gained 2.2% yesterday, primarily on the strength of its telecoms and specifically rumors that a row  between Mobinil shareholders will soon be resolved.  Orascom Telecom (OT) and France Telecom have been engaged in battle over their joint holding in Mobinil&#8211;one of three mobile operators in the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=688&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
		<wfw:commentRss>http://www.straightstocks.com/egypt/egyptian-telecoms-a-defensive-growth-play-as-markets-react-to-row-related-rumors/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Lack of contagion in Central and Eastern Europe, for now</title>
		<link>http://www.straightstocks.com/market-commentary/lack-of-contagion-in-central-and-eastern-europe-for-now/</link>
		<comments>http://www.straightstocks.com/market-commentary/lack-of-contagion-in-central-and-eastern-europe-for-now/#comments</comments>
		<pubDate>Mon, 18 May 2009 01:57:13 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Poland]]></category>
		<category><![CDATA[Eastern Europe]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Hungary]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[Latvia]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Ukraine]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=683</guid>
		<description><![CDATA[Interesting piece in this week&#8217;s Economist regarding the lack of correlation among central and Eastern European economies during the credit crunch:
Tarring all with the mistakes of overheated Latvia, chaotic Ukraine or debt-sodden Hungary makes no sense. Nor does lumping together rich and poor countries, or those in the European Union and those outside. Exchange-rate regimes [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=683&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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		<title>Stabilizing the naira: creditors and investors alike are waiting</title>
		<link>http://www.straightstocks.com/market-commentary/stabilizing-the-naira-creditors-and-investors-alike-are-waiting/</link>
		<comments>http://www.straightstocks.com/market-commentary/stabilizing-the-naira-creditors-and-investors-alike-are-waiting/#comments</comments>
		<pubDate>Sat, 16 May 2009 18:49:35 +0000</pubDate>
		<dc:creator>Jason G. Wulterkens</dc:creator>
				<category><![CDATA[Frontier Markets]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[central bank]]></category>
		<category><![CDATA[Chukwuma Soludo;]]></category>
		<category><![CDATA[crude oil revenue;]]></category>
		<category><![CDATA[FirstRand Ltd.;]]></category>
		<category><![CDATA[Gunther Kuschke;]]></category>
		<category><![CDATA[jason g wulterkens]]></category>
		<category><![CDATA[johannesburg]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[oil revenues]]></category>
		<category><![CDATA[rmb]]></category>
		<category><![CDATA[United Nations]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://frontiermarkets.wordpress.com/?p=678</guid>
		<description><![CDATA[Back in January, Gunther Kuschke, a sovereign-risk analyst at RMB, the investment banking unit of Johannesburg-based FirstRand Ltd., citing substantially dwindling crude oil revenue (which accounts for upwards of 90% of Nigeria&#8217;s foreign exchange earnings), predicted that the naira would weaken further and hit N170 to US$1 by year-end.  It currently sits at N147.25 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=frontiermarkets.wordpress.com&#38;blog=3702668&#38;post=678&#38;subd=frontiermarkets&#38;ref=&#38;feed=1" />]]></description>
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