Market Updates - 9 Feb
Egypt
Civil disobedience to begin Friday with marches to military council
Egypt holds firm in NGO funding dispute; U.S. Senators to visit regarding dispute, discussions to include US military aid to Egypt
Donors’ support to Egypt contingent on IMF loan; economic programme approved by cabinet and open for public debate
MPs call for vote of no confidence in interior minister
Saudi Arabia
Nominal GDP reaches USD576 billion in 2011
S-Oil inks 20-year crude supply deal with Saudi Aramco
US raises concerns to Trinidad and Tobago on SABIC’s planned methanol venture
Al Khodari wins SAR57 million meteorology and environment contract
UAE
UAE industrial investment at AED114 billion in 2011
UAE Fund, banks sign accords on citizen debt
Dolphin Energy Sells USD1 billion, 10-year bond yielding 5.5%
Mannai Corp offers USD445 million to buy 58.8% of Damas
Nakheel asked to pay AED58 million to contractor for work completed in halted project
NBAD to offer facilities to SMEs
Qatar
IMF expects conservative Qatar budget
Qatar Steel signs agreement for sale and recycling of slag
CBQ raises USD455 million in club term loan
Kuwait
CBK CEO: Bank to continue booking provisions in 2012, with sub-5% lending growth
Bahrain
Batelco sells its stake in Indian subsidiary S Tel to Sky City Foundation
Lebanon
Lebanon signs USD200 million loan with World Bank
Morocco
Fitch Affirms Attijariwafa Bank at BB+; Outlook Stable