Mena News

 

  US import prices fall due to lower fuel prices
May , 15 , 2013  
  Imports prices in the US declined 0.5% in April, after dropping 0.2% (revised) in March, in line with market expectations. This is ascribed to a 1.7% fall in fuel prices.
 

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  Fitch affirms Ahli Bankís credit rating
May , 15 , 2013  
  Fitch affirmed Ahli Bankís long-term Issuer Default Rating (IDR) at A- with a stable outlook. The rating agency also affirmed a BBB- rating for the bankís financial strength and F2 for its short-term IDR.
 

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  Dana Gas posts 1Q13 results
May , 15 , 2013  
  UAE-based Dana Gasí net profit after tax increased 17% YoY to AED241mn in 1Q13.
 

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  Cyprus and Greece to receive bailout funds
May , 14 , 2013  
  Eurozone finance ministers decided to go ahead with the disbursement of bailout tranches to Cyprus and Greece at their latest meeting on Monday.
 

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  US retail sales rise marginally in April
May , 14 , 2013  
  Retail sales in the US increased a marginal 0.1% MoM in April. In contrast, the market had forecasted the sales to drop 0.3% MoM after falling 0.4% MoM in the previous month.
 

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  US business inventories remains almost unchanged in March
May , 14 , 2013  
  Business inventories in the US almost remained unchanged in March. The market had forecasted a 0.3% MoM increase. Retail inventory declined 0.5% MoM, while wholesale inventory increased 0.3% MoM.
 

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  Japanís economic index decreases
May , 13 , 2013  
  Japan's economic index that indicates assessment of the current situation fell to 56.5 in April from 57.3 in March.
 

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  Chinaís new loans rise more than expected
May , 13 , 2013  
  New loans in China increased in April, amounting to CNY792.9bn, while the market expected it to come in at CNY767.5bn.
 

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  Germanyís exports climb in March
May , 13 , 2013  
  Germanyís export of goods rose 0.5% MoM in March after falling 1.2% MoM in the previous month. The rise in exports was in line with market expectations. Meanwhile, import of goods rose 0.8% MoM, lower than the market estimate of a 1.5% MoM rise.
 

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  Al Baraka Banking Group reports 1Q13 results
May , 13 , 2013  
  Bahrain-based Al Baraka Banking Groupís net income increased 15% YoY to USD66mn in 1Q13. Total operating income rose 16% YoY to USD233mn during the same period.
 

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