Market Update 5 July

Egypt

 

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

 

UAE looks to open oil sector to more partners

 

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

 

Qatar

 

Qatar plans Harrods hotels in Malaysia and Paris

 

 

 

Printed from the Beltone Financial website

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