Market Updates - 5 Apr
Egypt
MP: Egypt’s biggest Parliament Bloc may reject IMF Loan
Shater: Application of Islamic law is ultimate goal
Egypt receives EGP2 billion in deferred taxes in March 2012
Plan to sell debt to citizens abroad delayed
Voter registration for Egyptian expats extended until April 11th
Saudi Arabia
Saudi Aramco raises Arab Extra Light price for May 2012, cuts most others
SAMA to keep rates unchanged in April 2012
UAE
UAE central bank is studying mortgage law
Abu Dhabi said to delay completion of upper Zakum Oil until 2016
Dubai DIC reaches deal on USD2.5 billion debt, appoints new board
Dubai Land Department to auction up to 80 properties
Majid Al Futtaim sees retail sales rising between 15% to 20% in 2012
Qatar
Qatar Central Bank sells T-bills at average yield of 2%
Qatar Railways to issue tenders for 45 metro stations in first phase
CBQ issues USD500 million 5 year notes successfully, 6.6x oversubscribed
Mazaya to build new QAR432 million mall
Bahrain
Batelco CEO says expanding internationally is key; group aims to carry out at least one acquisition this year