Mena News

 

  Retail sales continue to decline in Spain
Mar , 17 , 2013  
  Retail sales decreased 10.2% YoY on a seasonally adjusted basis in January, after falling 11.4% YoY in December. Food sales fell 5.0% YoY, while sales of non-food products dipped 11.6% in January.
 

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  Eurozone employment falls in 4Q12
Mar , 17 , 2013  
  The number of employed persons in the Eurozone declined 0.3% QoQ to around 145.7mn in 4Q12, quicker than the 0.1% drop registered in the previous quarter. On an annual basis, employment decreased 0.4%.
 

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  US consumer sentiment reaches a new low
Mar , 17 , 2013  
  Consumer sentiment in the US deteriorated significantly in March, with the index coming in at 71.8 vis-à-vis 77.6 recorded in February. In contrast, the market was expecting the index to reach 78.0.
 

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  Jobless claims drop in the US
Mar , 17 , 2013  
  Initial jobless claims stood at 332,000, decreasing unexpectedly by 10,000 from last week’s revised number of 342,000. The decline was steeper than the market expectations of a rise to 350,000 compared to 340,000 originally reported last week.
 

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  US producer prices rise in February
Mar , 17 , 2013  
  The producer price index advanced 0.7% in February, after expanding 0.2% in January, while the market expected a rise to 0.6%. This is ascribed to a 3.0% increase in energy prices.
 

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  Bahrain Telecommunications Company to buy stake in Reliance unit
Mar , 17 , 2013  
  Bahrain Telecommunications Company decided to acquire a stake in Reliance Communications’ unit to expand its geographical footprint, amid a decline in domestic income.
 

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  Qatar Navigation Company reports 2012 results
Mar , 17 , 2013  
  Qatar Navigation Company’s net profit increased 17% YoY to QAR835mn in 2012. The Board of Directors recommended a cash dividend of 37.5%.
 

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  Al Khodari inks two MoUs with Six Construct Co.
Mar , 17 , 2013  
  Abdullah A. M. Al-Khodari Sons Company signed two Memorandum of Understandings (MoUs) with Six Construct Co. Limited for the construction of Muharraq Ring Road (phase 1) and Sh. Khalifa Bin Salman Highway- Interchange 2 in Bahrain.
 

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  SADAFCO renews Murabaha deposits with United Gulf Bank
Mar , 17 , 2013  
  Saudia Dairy and Foodstuff Company (SADAFCO) decided to renew Murabaha deposits worth SAR75mn with United Gulf Bank that were about to mature on March 27, 2013. The new deposits would mature on July 8, 2013.
 

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  Tertiary industry activity declines in Japan
Mar , 12 , 2013  
  Activity in Japan’s tertiary industry declined in January, with the related index declining a seasonally adjusted 1.1% MoM to 99.0. The market was expecting a decline of 0.2% MoM after a 1.4% MoM increase in December.
 

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