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Still Neutral On Levant Equities

We retain our neutral outlook on the Levant's equity markets, with neither Jordan's Amman Stock Exchange (ASE) nor Lebanon's BLOM Index showing any promise of breaking out of their sideways channels.

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Regional Fixed Income Strategy

We believe that the majority of recent gains in fixed income markets in the Middle East and North Africa (MENA) region are now behind us, and we reaffirm our neutral-bearish outlook on debt markets...

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