Mena News

 

  NASDAQ Dubai plans platform for trading sukuk and bonds on-exchange
May , 28 , 2013  
  NASDAQ Dubai is planning to set up a platform on which investors can trade sukuk and conventional bonds.
 

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  Rise in Spain’s borrowing costs
May , 26 , 2013  
  Spain witnessed an increase in borrowing costs at its recent auction of triple bonds. The bonds, maturing in 2018, were sold at an average yield of 3.001%, higher than 2.789% recorded at the previous auction.
 

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  Gold futures fall on positive economic data
May , 26 , 2013  
  Gold futures declined on some positive economic data for durable goods from the US. Gold futures for June delivery fell 0.4% to close at USD1,386.60 an ounce on the NYMEX.
 

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  US weekly jobless claims drop more than forecasted
May , 26 , 2013  
  The decline in jobless claims in the US was more than expected in the week ended May 18, 2013. Initial jobless claims dropped 23,000 to 340,000 from 363,000 (revised) recorded in the previous week. The market estimated claims to fall to 340,000 from the originally reported figure of 360,000.
 

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  Arabtec Holding wins SAR404mn contract
May , 26 , 2013  
  Arabtec Holding announced that the joint venture between Arabtec Saudi Arabia and Greece’s Terna has won a contract worth SAR404mn from Aldara Medical Corporation to build the Aldara Hospital and Medical Center.
 

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  Gold futures fall prior to result of Federal Reserve meeting
May , 22 , 2013  
  Gold futures declined as investors continued to speculate ahead of the outcome of the Federal Reserve meeting. Gold futures for June delivery declined 0.5% to close at USD1,377.60 an ounce on the NYMEX.
 

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  Unemployment in Sweden increases
May , 22 , 2013  
  Sweden’s unemployment rate rose 0.7% to 8.7% in April. The number of unemployed people increased by 44,000 to a total of 445,000.
 

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  Germany’s producer price inflation slows
May , 22 , 2013  
  Producer price inflation in Germany eased for the third consecutive month to 0.1% YoY in April from 0.4% YoY in March. The market had forecasted a 0.2% YoY rise.
 

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  OECD area GDP rises in 1Q13
May , 22 , 2013  
  Economic activity in the Organization for Economic Cooperation and Development area increased, with the gross domestic product expanding 0.4% QoQ in 1Q13. On an annual basis, gross domestic product rose 0.8%.
 

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  Vodafone Qatar’s subscriber base increases 30%
May , 22 , 2013  
  Vodafone Qatar announced that its subscriber base increased 30% to 1,084,000 during the year ended 31 March 2013.
 

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