Market Updates - 23 Apr

Egypt

 

Egypt unilaterally cancels gas deal with Israel

 

Egypt civil society groups to monitor presidential election

 

Brotherhood rejects Salafi proposal to agree on one Islamist presidential candidate

 

Government meets with Saudi investors to settle investment issues

 

EFSA approves FT's tender offer for Mobinil at EGP202.5, trading to resume on Mobinil and OTMT today

 

Saudi Arabia

 

Tabuk Cement to set up 60% owned concrete JV nearby Jeddah

 

Al Hokair announces signing of MoU to acquire Nesk

 

UAE

 

UAE inflation at 0.64% y-o-y in March 2012

 

Adnoc to award on-shore oil concessions by 2014

 

UNB’s 1Q2012 net income surpasses estimates, remains extremely under-valued

 

RAK Bank 1Q12 earnings up 11% y-o-y

 

NBAD starts investment management company at DIFC

 

DFM accredits EFG-Hermes brokerage for margin trading

 

Aldar says does not need more financial support from government; Yas Mall more than 50% leased

 

Sorouh to launch retail property brand ‘Boutik’ in June; Watani villas near completion

 

Qatar

 

QIA has USD30 billion to invest in 2012

 

Qatar plans to invest QAR70 billion in gas and power

 

CBQ 1Q12 profits at QAR471 million, up 5.6% y-o-y and largely in line with estimates

 

Gulf International Services releases 1Q2012 results, net profit at QAR92 million, +6.6% y-o-y

 

Kuwait

 

Annual inflation rate rose to 4.1% in March 2012

 

KIB's 1Q12 profits rise 34% y-o-y to KWD4 million

 

Bahrain

 

Bahrain inflation hits 3-year high in March 2012

 

Oman

 

Bank Nizwa to launch IPO today

 

Iraq

 

Zain Iraq keen on listing before year end, says company's CEO

 

Printed from the Beltone Financial website

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