Market Updates - 29 Jan
Egypt
Egypt seeks USD1 billion in loans from World Bank and African Development Bank
Qatar awaits stable elected government in Egypt before investing
Tensions rise over travel ban preventing Americans working for U.S.-based pro-democracy organisations from leaving Egypt
Tahrir protesters commemorate day of rage
Political groups to march with list of demands to People's Assembly on Tuesday
GB Auto pleads with government not to raise taxes and tariffs on tuktuks
ODH says credit facility from Samih Sawiris to be utilised for investments outside Egypt
Saudi Arabia
Saudi Arabia may increase support to IMF
Saudi Arabia reportedly to recognise Syrian National Council
Finance Minister sees GDP at 6.8% in 2012
Saudi State Fund approves home loans valued at USD1.5 billion
Saudi Arabia creates 300,000 jobs since June 2011
50,000 Saudis to graduate from top foreign universities by 2020
Petrochemical industry to see slower growth in 2012, SABIC CEO says
Saudi money supply grows 13.3% y-o-y in December 2011
Saudi Cement's board recommends dividend of SAR4.50 per share, yielding 8.8% for FY2011
Al Babtain submits final unconditional offer to acquire 100% of bankrupt Petitjean SAS in France
SABIC to construct storage unit in Jubail
Saudi December 2011 petchem shipments grew 5.7% y-o-y
Mobily decides to distribute quarterly dividends in FY2012
UAE
Economy Minister sees GDP at 4% in 2012
UAE can export oil if Iran closes Hormuz
Moody’s upgrades Dubai Holding ratings
Dubai to pay debts in 2012 without Abu Dhabi aid
UAE seeks to foster ties with China in key sectors
Turkish president visits UAE to open new economic avenues
Nakheel expects at least 15% growth in profit in FY11
Fitch Affirms Dubai Islamic Bank at 'A'; Outlook Stable
ADCB earns AED3.03 billion in FY2011, in line with estimates
Sharjah Islamic Bank releases FY2011 results, -5.7% y-o-y
Qatar
Tunisia may sell debt to Qatar, needs USD5 billion financing
Kuwait
NBK releases results, FY2011 profit of KWD302.4 million, flat y-o-y and in line with estimates
Oman
Oman Cement FY2011 profits decline, but in line with estimates
Lebanon
Byblos Bank nets USD179.7 million in FY2011, up 1.1% y-o-y
Algeria
Algeria to keep oil exports constant