Mena News

 

  Mobily plans USD650mn financing deal with Ericsson, NSN
Jul , 01 , 2013  
  KSA-based telecom operator Mobily signed a Memorandum of Understandings (MoU) with Nokia Siemens Networks and Ericsson to fund the purchase of USD650mn of equipment.
 

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  Gold declines on positive economic data and strong dollar
Jun , 26 , 2013  
  The precious metal came under further pressure as the dollar strengthened against several major currencies. Gold futures for July delivery fell 0.2% to USD1,275.10/ounce on the NYMEX.
 

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  Italy’s retail sales continue to decline
Jun , 26 , 2013  
  Italy’s retail sales continued to decline for the eighth consecutive month in April. Retail sales fell 0.1% MoM, slower than the 0.3% MoM fall seen in March.
 

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  US home prices on uptrend
Jun , 26 , 2013  
  Home prices in the US grew in April, with the S&P/Case-Shiller 20-City Composite Home Price Index rising 2.5%, much ahead of the 1.1% expected by the market.
 

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  US durable goods orders up 3.6%
Jun , 26 , 2013  
  Durable goods orders in the US rose grew 3.6% in May due to increased orders for transportation equipment. The market was expecting orders to rise 3.0%.
 

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  New home sales rise in US
Jun , 26 , 2013  
  New home sales in the US rose 2.1% MoM to an annual rate of 476,000 in May from 466,000 (revised) in April. The market was expecting the annual rate to rise to 460,000 from the originally reported 454,000 for April.
 

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  US consumer confidence at five-year high
Jun , 26 , 2013  
  Consumer confidence in the US rose to a five-year high, with the related index rising to 81.4 in June from 74.3 in May. The market expected the index to fall to 75.0 from the 76.2 previously reported.
 

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  UAE’s inflation rose 0.97% YoY in May
Jun , 26 , 2013  
  Inflation in the UAE climbed 0.97% YoY to 117.67 points in May (0.26% MoM), led by food and soft drinks.
 

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  Funding costs expected to decline in the UK
Jun , 25 , 2013  
  Funding costs are expected to decrease in the next three months as per the latest Bank Liabilities Survey by the Bank of England.
 

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  Egypt economy grew by 2.2 pct in Jan-March
Jun , 25 , 2013  
  Egypt’s economy grew by 2.2 percent in the first quarter of 2013, unchanged from the previous quarter but slower than the 5.2 percent recorded a year earlier.
 

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