Market Updates
Egypt
Egypt amends rules for PPPs to allow dispute resolution through arbitration instead of Egyptian courts
Muslim Brotherhood: SCAF responded negatively to 'coalition government' proposal
Egypt’s Muslim Brotherhood rejects US pressure over NGO issue
World Bank approves USD240 million loan for Giza power project
GB Auto denies reports that authorities will continue to tax tuktuk as a car, says it will be taxed as a motorbike. Motorbikes taxes increase by 500 bps to 15%, tariffs unchanged at 10%
UNB Egypt 6M2011 profit rises 24.1% y-o-y to EGP17.5 million
Export Development Bank's 1H2011/2012 net income falls 69.6% y-o-y
NSGB to release FY2011 results today after session's close
Saudi Arabia
Saudi Arabia issues tender to buy 330,000 tonnes of hard wheat
UAE
Dubai sees DIFC, Jafza debt refinancing without government help
RERA says Dubai property transactions up 20% to AED143 billion in 2011, expects more supply to enter in 2012 compared to 2011
NBAD meets European bonds investors, but not related to imminent bond issue
Takeaways from ENBD’s management call yesterday
Abraaj Capital appoints Citigroup to provide private equity fund services
Qatar
Qatar delivers 6,000 hotel rooms in 2011
Qatar LNG carrier completes its first voyage to Japan
Qatar Electricity and Water's net profit grows by 8.4% y-o-y, slightly below estimates
IQ’s Qatar Steel invests in Algerian steel venture
Kuwait
Opposition lawmaker Ahmad Al-Saadoun elected speaker
Wataniya Telecom reports its 4Q2011 financial results, net income up 24.1%
Americana posts FY2011 financial results, with net profit up 3.9% y-o-y
Kuwait Finance House releases FY2011 financial results
Oman
Oman Cement closes production line on concerns of non-compliance of pollution standards
Bank Muscat replaces director