Qatar budget surplus triples to $12 billion last fiscal year
Surplus at 44.5 bln riyals in 2011/12, or 7 pct/GDP; Spending jumps 11 pct to a record 158.9 bln riyals; Revenue up 31 pct at 203.4 bln riyals vs pvs fiscal year
July 9, 2012 4:59-
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Saudi builder Dar to repay $1billion sukuk on July 16
"Dar has taken all the steps for redemption through the principal paying agent," the company said in a statement to Nasdaq Dubai bourse.
July 9, 2012 4:58 -
Qatar eyes dual-tranche Islamic bond
The Gulf Arab state of Qatar is planning to issue a two-tranche Islamic bond, or sukuk, four sources familiar with discussions said on Monday, as it kicked-off investor meetings in Malaysia.
July 9, 2012 4:56
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Saudi’s Riyad bank second quarter net profit up 9.4 percent
Saudi Arabia's Riyad Bank posted a 9.4 percent rise in second-quarter net profit on the back of improved operational income, the bank said on Sunday, beating analysts' forecasts.
July 9, 2012 10:31 -
Saudi to supply full August crude to 1 Asia buyer
Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in August, unchanged from July, an industry source familiar with the matter said on Monday.
July 9, 2012 10:31 -
European crisis weighs on Aluminum Bahrain sales
Aluminium Bahrain's output edged up 1.7 percent in the first half of 2012 but sales were almost flat as weak economic growth in Europe dampened demand in the first quarter, Alba said on Sunday.
July 8, 2012 4:30
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Dubai duty free wins expanded $1.75 billion loan
Airport retailer Dubai Duty Free has secured a $1.75 billion loan facility that will be used to fund expansion of the emirate's international airport.
July 8, 2012 4:29 -
Sudan constitution to be “100 percent Islamic”
Mostly non-Muslim South Sudan seceded a year ago; Islamic law may be implemented more strictly; Bashir faces small protests demanding his resignation
July 8, 2012 9:50 -
Saudi’s Dar al-Arkan second quarter net profit up 11 percent
The firm made a net profit of 331 million riyals ($88 million) in the three months ending June 30, compared with 298 million riyals in the same period a year earlier, it said in a bourse statement on Saturday.
July 8, 2012 9:48
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Zain Saudi to start rights issue on Tuesday
Last month the issue prospectus stated that Saudi Arabia's Al-Rajhi Bank and Banque Saudi Fransi are among five banks underwriting a six billion riyal ($1.6 billion) rights issue from the indebted telecom operator.
July 8, 2012 9:48 -
Saudi’s Al Marai Q2 net profit up 8.7 percent
The Gulf's largest dairy firm made 379.5 million riyals ($101.2 million) in the three months ending June 30, compared with 349.3 million riyals in the same period a year earlier, it said.
July 8, 2012 9:47 -
Saudi Airline catering unit lists July 9 after $347 million IPO
The catering unit of Saudi Arabian Airlines raised 1.3 billion riyals ($346.7 million) from the share sale, which was sold to the public between June 18-24, following a bookbuilding period involving institutional investors.
July 5, 2012 6:07
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Qatar eyes sukuk sale; investor meetings kick-off July 9
Qatar is planning the sale of potential dollar-denominated Islamic bonds, or sukuk, and has mandated banks to arrange investor meetings in Asia starting on July 9, arranging banks said.
July 5, 2012 5:57 -
Kuwait picks outgoing PM to form new cabinet
Reappointment of Sheikh Jaber was widely expected; New cabinet unlikely to have many new faces; Fresh parliamentary election could be held in Sept - analysts
July 5, 2012 5:51 -
Qatar Treasury bill yields down sharply; liquidity loose
Cash-rich banks offer lower bids; Not seen as sign of monetary policy change; Lending growth has slowed, deposit growth still healthy; Deposits at central bank increase; Inflation does not appear a threat
July 5, 2012 5:48
