Metal and Recycling Company (MRC)

Recommendations

Date	Research Firm	Action	From	To
04/12/07	Global Investment House			Outperform

	2007	2008	2009
Outperform	1	0	0

Kuwait Pipe Industries and Oil Services Company	Maintain
Kuwait Pipe Industries and Oil Services Company	Maintain
Kuwait Pipe Industries and Oil Services Company	Maintain
Oman Cables Industry (OCI)	Maintain
Abu Dhabi Ship Building (ADSP)	Maintain

Bayan - Kuwait Weekly Market Report Kuwait - Bayan Investment Co. - 20 December 2008
Ministry of Oil - Various Tenders Iraq - Tenders/RFP's - 01 December 2008
Ministry of Oil - Various Tenders Iraq - Tenders/RFP's - 25 November 2008
Ministry of Oil - Various Tenders Iraq - Tenders/RFP's - 18 November 2008
MAC Capital - UAE Daily Report UAE - MAC Capital - 17 November 2008
SHUAA Capital - GCC Morning Brief Saudi Arabia - SHUAA Capital - 13 November 2008
Markaz - KSE Market Weekly Snapshot Kuwait - Markaz - 13 November 2008
SHUAA Capital - GCC Morning Brief Oman - SHUAA Capital - 13 November 2008
SHUAA Capital - GCC Morning Brief Qatar - SHUAA Capital - 13 November 2008
Univest - Kuwait Monthly Economic Brief Kuwait - Univest Group - 11 November 2008