Mena News

 

  US consumer sentiment dips in August
Aug , 20 , 2013  
  Consumer sentiment declined in the US with the Thomson Reuters/University of Michigan's index on consumer sentiment falling to 80.0 in August from 85.1 in July.
 

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  S&P confirms Doha Bank Assurance’s rating with a stable outlook
Aug , 20 , 2013  
  S&P confirmed Doha Bank’s wholly owned subsidiary Doha Bank Assurance Company’s (DBAC) counterparty credit and insurer financial strength rating at BBB with a stable outlook.
 

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  KCIC reports 1H13 numbers
Aug , 20 , 2013  
  KCIC, specialized in investments in domestic demand-driven sectors in Asia, reported a net profit of KWD1.03mn in 1H13, declined 56.3% YoY.
 

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  Emaar Properties’ housing and land sales almost double in 2Q13
Aug , 13 , 2013  
  Dubai-based Emaar Properties announced revenue from housing and land sales almost doubled in 2Q13 amid a recovery in the real estate market. Revenue totaled AED1.6bn in 2Q13 vis-à-vis AED815.6mn in 2Q12.
 

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  Al Khaliji’s net profit increases 11% in 1H13
Aug , 13 , 2013  
  Qatar-based Al Khaliji’s net profit grew 11% YoY to QAR290.5mn in 1H13. Net profit rose 14% YoY to QAR159mn in 2Q13.
 

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  S&P cuts Al Baraka Banking Group's ratings
Aug , 13 , 2013  
  S&P reduced its long- and short-term counterparty credit ratings for Bahrain-based Al Baraka Banking Group to 'BB+/B' from 'BBB-/A-3'; the outlook is negative.
 

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  Aldar Properties to lower debt amid recovery in business
Aug , 13 , 2013  
  Abu Dhabi-based Aldar Properties plans to reduce its USD3.8bn debt by more than half in the coming years amid a recovery in the business and its merger with Sorouh Real Estate.
 

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  US private sector jobs increase in July
Aug , 01 , 2013  
  Private sector jobs in the US rose by 200,000 in July after a revised 198,000 increase in June. The market expectation was 179,000 compared with the originally reported rise of 188,000 for June.
 

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  US economy expands faster than expected
Aug , 01 , 2013  
  US economy expanded at a faster-than-expected rate in 2Q13, with the gross domestic product increasing 1.7%YoY vis-à-vis 1.1%YoY (revised) in 1Q13. The market expected the GDP to rise 1.1%YoY.
 

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  US Federal Reserve keeps bond buying program unchanged
Aug , 01 , 2013  
  In its latest meeting, the US Federal Reserve indicated no plans to cut its bond buying program anytime soon.
 

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