Market Update 5 July



US Congress proposes that Egypt army and police budget be publicly available and monitored to continue providing aid


Shoura Council discusses land development plan


Egypt accepted the lowest amount of repos in almost two months after central bank’s decision to cut a key reserve ratio went into effect


Authorities increase oil supply to meet summer demand


HSBC Bank Middle East buys 6.7% of EFG-Hermes shares at an average price of EGP10.15/share, seller is Dubai Financial Group


El Sewedy Electric confirms size of Niger contract to be USD26 million


Abdel Moneim Al Rashed increases stake in Arafa to 6.39%


Saudi Arabia


Saudi central bank says prepares mortgage law rules


Saudi PMI falls slightly to 59.7 in June 2012


Saudi’s Al Fanar Company signs USD800 million Islamic loan


Dar Alarkan’s chairman describes approval of mortgage law as “quantam leap”




UAE looks to open oil sector to more partners


ENBD's Emirates Islamic Bank plans benchmark-sized USD-dominated sukuk




Qatar plans Harrods hotels in Malaysia and Paris




Printed from the Beltone Financial website