Mena News

 

  Abu Dhabi Executive Council approves merger of Aldar and Sorouh
Jun , 25 , 2013  
  The Council approved the merger of Aldar Properties and Sorouh Real Estate which will be effective at the close of trading on 27 June 2013.
 

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  Ministry of Health signs deal with Randox to receive medical equipment
Jun , 25 , 2013  
  The Saudi Ministry of Health inked a deal with Crumlin-based Randox Laboratories to receive lab equipment worth GBP6mn.
 

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  United Real Estate raises USD212mn through sale of bonds
Jun , 25 , 2013  
  Kuwait-based United Real Estate announced it raised USD212mn via the sale of five-year bonds to refinance the existing paper.
 

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  US leading index rises less than estimated
Jun , 23 , 2013  
  The US Conference Board Leading Index grew 0.1% in May after rising 0.8% in April. The market had estimated the index to grow 0.2% compared to the previously reported 0.6% growth for April.
 

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  US jobless claims rise more than expected
Jun , 23 , 2013  
  Jobless claims in the US increased by 18,000 to 354,000 in the week ended June 15, 2013. The market had expected jobless claims to rise to 340,000 from the 334,000 originally reported.
 

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  Saudi Arabia’s commodity exports increases in 2012
Jun , 23 , 2013  
  Saudi Arabia’s commodity exports increased 6.5% YoY to SAR1.45tr in 2012, according to a report released by the Central Department of Statistics & Information.
 

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  S&P affirms Ooredoo’s ratings
Jun , 23 , 2013  
  S&P has affirmed Qatar-based Ooredoo’s long- and short-term corporate credit ratings at ‘A/A-1’.
 

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  Gold falls ahead of Federal Reserve meeting outcome
Jun , 19 , 2013  
  Gold futures declined as investors remained cautious ahead of the outcome of the US Federal Reserve meeting. Gold futures for August delivery fell 1.2% to USD1,366.90 an ounce on the NYMEX.
 

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  New car sales in Europe decline sharply
Jun , 19 , 2013  
  New car sales in the European Union declined 5.9% YoY to 1.04 million units in May, marking the lowest level for the month of May since 1993. The decline is mainly ascribed to a 9.9% YoY fall in car sales in Germany.
 

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  US consumer prices rise in May
Jun , 19 , 2013  
  US consumer prices rose in May, with the related index edging up 0.1% MoM after declining 0.4% MoM in April. The market expected the index to rise 0.2% MoM. On YoY basis, the prices were up 1.4%.
 

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