Market Updates - 2 Feb
More than 70 killed in Egypt's worst football disaster
Egypt will receive USD1.1 billion in loans from the World Bank and the European Union
We expect CBE to raise policy rates during today's MPC meeting
Egypt offers 40,000 plots of land for sale to Egyptians abroad to be paid for in dollars
IMF mission to return to Egypt next week to discuss possible loan agreement
Cabinet approves EUR50 million loan agreement with European Investment Bank
Muslim Brotherhood’s political party says it leads in Upper House elections
Voter turnout in the first stage of Egypt’s upper house election was 15.4%
OCI submits request to EFSA to hold EGM for demerger approval
El Sewedy Electric’s labour on strike, we don’t foresee concerns for short term
Pachin 1HFY11/12 profits drop
Eastern Company confirms robbery of EGP200,000 from one of its representatives
Saudi Arabia
Hout oilfield gas projects awards set
ABB wins USD250m in power contracts from SEC
Saudi Kayan plants to resume production in two weeks
UAE
S&P affirms Dubai's DIFC Investments 'B+/B' ratings
DEWA makes progress on Al Mamzar Substation
Union Properties reports loss of AED1.6 billion in preliminary FY11 results
Indian federal investigative agency files charges against Emaar MGF
DIB FY2011 income AED1 billion, up 25% y-o-y
Mashreqbank releases FY2011 results, net income up 2% y-o-y
Aramex's 4Q2011 revenues grow by 18% y-o-y; net profit grows more modestly by 4% y-o-y
Etisalat appoints Al Abdooli as CEO in UAE and Al Hamil as CEO in Egypt
Kuwait
Kuwait posts preliminary budget surplus of KWD13.15 billion 9MFY11/12
Kuwaitis started voting in parliamentary elections today
Bahrain
Bahrain Islamic Bank FY2011 loss narrows to BHD17.4 million from BHD39.7 million
Oman
Investment in Oman's free zones USD9.4 billion in 2011
Oman to possibly import Iranian gas