Market Updates - 24 Apr

Egypt

 

Minister of International Cooperation expects foreign reserves to rise in May

 

Minister of International Cooperation: Egypt ready to sell gas to Israel at new price

 

Israeli corporation to take legal action against Egypt over terminated gas contract

 

Egypt's cabinet calls for EGP8.8 billion in 'special funds' to be transferred to unified account at central bank

 

Mass resignations from Salafi Nour Party due to 'political failure'

 

OCI enters into off-take agreement with Methanex for 'significant portion' of 0.75 mtpa of methanol at OCI North America; production expected to start in June 2012

 

HDB releases consolidated FY2011 results, net income falls 18%

 

Heliopolis Housing’s 9M2012 net profit falls by 33% y-o-y; says public auction rescheduled

 

El Sewedy Electric announces dividend of EGP1 per share for FY2011

 

Amer Group to sell 14 million treasury shares

 

Saudi Arabia

 

Saudi Aramco Karan Gas project reaches 1 billion cubic feet

 

Saudi Arabia to award rail contracts in 2013

 

Health Water Bottling eyes 30% IPO in 2013

 

Al Khodari receives LOI from Ministry of Municipal Affairs for SAR80 million underpass

 

Saudi Steel Pipes secures SAR260 million Murabaha agreement with two local banks

 

SABIC expresses interest to invest in Poland

 

UAE

 

Etisalat reports net profit of AED1,809 million in 1Q2012, exceeds expectations on better than foreseen EBITDA; continues to face stiff local competition

 

FGB’s 1Q2012 net income comes below estimates, on weaker margins and higher provisions than expected, loan growth disappoints

 

Aramex releases strong 1Q2012 results, net profit at AED61 million, +22% y-o-y

 

NBAD to release 1Q2012 results today

 

Emaar says will not write down value of India assets; approves cash dividend of AED0.10 per share

 

Arabtec wins three contracts worth AED504 million, adds 3.6% to the order book

 

Qatar

 

India aims to double LNG supply from Qatar

 

QNB announces stake increase in Mansour Bank from 23% to 51%

 

QIB signs deal with Medco

 

Qtel reportedly seeking USD2 billion from international lenders, news yet to be confirmed by company

 

Kuwait

 

Kuwait posts preliminary budget surplus of KWD16.07 billion in 11 months of FY11/12

 

Kuwait takes steps to build KWD4 billion oil refinery and upgrade two smaller plants

 

Agility files claim against Defense Logistics Agency, seeks USD225 million

 

Lebanon

 

Blom Bank 1Q12 profits rise 2.5% y-o-y, in line with estimates

 

Oman

 

Oman to launch SME fund

 

CBO: Basel III the norm by next year

 

 

 

 

 

Printed from the Beltone Financial website

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