Mena News

 

  Egypt's Ezz Steel signs EGP550mn
Jun , 19 , 2013  
  Egypt's Ezz Steel signed Tuesday a EGP550mn (USD78mn), six year, top-up syndicated loan to help it complete the construction of its direct reduced iron project at Sokhna-Suez.
 

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  Fitch places BMB Investment Bank on Rating Watch Negative
Jun , 19 , 2013  
  Fitch has placed BMB Investment Banks long- and short-term Issuer Default Rating on Rating Watch Negative.
 

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  Dubai's Depa awarded 2 new Saudi contracts worth AED61.7mn
Jun , 19 , 2013  
  Depa Ltd. said it has been awarded two contracts in Saudi Arabia worth a combined AED61.7mn (USD16.8mn).
 

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  Gold ends higher on weak economic data
Jun , 18 , 2013  
  Gold ended higher on Friday following the release of weak industrial production and consumer sentiment data in the US. Gold futures for August delivery rose 0.7% to USD1,387.60 an ounce on the NYMEX.
 

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  US crude oil settles higher on supply concerns
Jun , 18 , 2013  
  US crude oil settled higher on Friday on supply concerns arising from the ongoing political tension in the Middle East. Light Sweet Crude Oil futures for July delivery gained 1.2% to USD97.85 a barrel on the NYMEX.
 

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  UKs leading index rises
Jun , 18 , 2013  
  The UKs Conference Board Leading Economic Index advanced 0.2% MoM to 103.6 points in April, with four of the seven components contributing positively to the headline index.
 

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  UK construction output contracts
Jun , 18 , 2013  
  Construction output in the UK contracted in April, albeit at a slower pace than estimated by the market. Total volume of construction declined 1.1% MoM vis--vis the market estimate of 4.1% MoM.
 

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  European banks to repay EUR3.18bn
Jun , 18 , 2013  
  The European Central Bank announced that banks participating in Long-Term Refinancing Operations are slated to repay EUR3.18bn in the coming week.
 

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  US producer prices rise more than expected
Jun , 18 , 2013  
  US producer prices rose more than expected in May, with the related index gaining 0.5% MoM after falling 0.7% MoM in April. The market had forecasted producer prices to rise 0.1% MoM.
 

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  US industrial production remains flat in May
Jun , 18 , 2013  
  Industrial production in the US remained flat in May after falling 0.4% (revised) in the previous month. The market estimated production to grow 0.2% vis--vis the 0.5% fall previously reported for April.
 

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