Market Updates - 22 Apr

Egypt

 

Head of SCAF assures power will be handed over to civilians in response to Friday demonstrations against military rule

 

Lagarde: IMF loan for Egypt won't be enough, other participants should also come to the table to help Egypt

 

Constitutional Court denies SCAF's request over Disenfranchisement Law, says it has no legal jurisdiction over draft legislations not yet approved by military council

 

Government asks for EGP109 billion in subsidies for petroleum products in FY12/13 budget

 

Campaign group: IMF should cease all loan negotiations with Egypt

 

Egypt to see Saudi financial support package of USD1 billion by April end

 

Tourist visits to Egypt up y-o-y during first quarter of 2012

 

Brotherhood presidential candidate Mursi will resign as party chief if he wins

 

Cairo Poultry releases preliminary 1Q2012 financial results

 

Oriental Weavers AGM approves cash dividend of EGP1.5/share for FY2011, versus BoD proposal of EGP0.75, with an implied yield of 8.3%

 

Pioneers's net income surges in FY2011

 

EZDK to distribute EGP40.00 DPS, in-line with expectations

 

Saudi Arabia

 

IMF advises SAMA to place cap on bank lending

 

Jeddah Port launches Red Sea Gateway Terminal

 

Kingdom Holding 1Q12 net rises 11% y-o-y to SAR100.8 million

 

Emaar Economic City reports net profit of SAR45.2 million in 1Q2012

 

Dar El Arkan's 1Q2012 net profit grows by 7.1% y-o-y

 

Knowledge Economic City reports net loss of SAR8.3 million in 1Q2012

 

Al Othaim releases preliminary 1Q2012 financial results; net profit at SAR33.90 million, -7.2% y-o-y

 

MAADEN in talks with banks for USD1.86 billion loan

 

Saudi Cables 1Q2012 profits surge; wins SAR55 million contract

 

MMG posts 31% y-o-y drop in earnings as provisions are booked

 

Al Khodari's revenue growth diluted by added costs, earnings up 7% y-o-y

 

Nama Chemicals books 1Q2012 loss

 

Samba 1Q12 earnings in line, up 2% y-o-y to SAR1.15 billion

 

UAE

 

UAE has no plans to raise its oil supply to Europe

 

Abu Dhabi airport traffic grows 21% in 1Q2012

 

Dubai launches first copper futures in Middle East

 

Developers allowed sales launch only after 20% of project is completed

 

Deyaar's 1Q2012 net profit reaches AED9.4 million

 

Arabtec wins AED222 million contract from Aabar

 

Qatar

 

QIA manages over USD65 billion in assets

 

Qatar’s stake in Total rises to 3%

 

Turkey in talks to buy 3 bcm of LNG annually from Qatar

 

Industries Qatar 1Q2012 results: in line with our estimates, but beats consensus

 

Nakilat releases 1Q2012 financial results; net profit at QAR176.50 million, -6.4% y-o-y

 

Al Ahli Bank 1Q12 net income QAR118.4 million, up 2% y-o-y

 

Qatar Oman Investment 1Q12 net profit falls 6.1% y-o-y to QAR9.2 million

 

Oman

 

Shell Oman Marketing releases 1Q2012 financial results; net profit at OMR3.37 million, -15.8% y-o-y

 

Iraq

 

Iraq's southern oil fields expected to produce 2.75 million bpd

 

Tunisia

 

Tunisia to receive USD500 million loan from Qatar

GCC

 

GCC to impose 100% 'health tax' on tobacco

 

Printed from the Beltone Financial website

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