Market Updates - 22 Apr



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 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




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




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




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




Tunisia to receive USD500 million loan from Qatar



GCC to impose 100% 'health tax' on tobacco


Printed from the Beltone Financial website