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Tuesday, November 18, 2014

Reviving Mideast private equity market draws international interest, (NYSE: TRI), (TSE: TRI.TO)

The Middle East's private equity market is trying to put its Wild West days behind it, drawing big international players for the first time since investors lost heavily when the global financial crisis hit the region.While most of the interest is focused on the stable Gulf Arab states, Western investors are still seeking risk premiums over markets closer to home due to the chaos and violence elsewhere in the Middle East.Many Gulf firms are also reluctant to yield too much control to outsiders, and the value of completed deals remains modest. Nevertheless, interest in making direct investments in companies rather than via the region's stock markets is picking up.The total value of private equity (PE) funds announced in the Middle East and North Africa so far in 2014 is $1.975 billion, up from $1.23 billion in the whole of 2013, according to data from Zawya, a Thomson Reuters unit.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.1% or $0.04/share to $38.14. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 751163 shares of TRI exchange hands on a given day and today's volume is recorded at 891087.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.14% or $0.06/share to $43.45. In the past year, the shares have traded as low as $36.86 and as high as $43.74. On average, 702051 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 517280.



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