Mena News

 

  Gold falls on weak demand
Feb , 06 , 2014  
  Gold prices ended lower Wednesday as demand for safe-haven alternate investments faded following a rebound in global equities and recovery in emerging market currencies. Prices fell 0.2% to USD1,255 an ounce on the NYMEX.
 

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  BBK reports 2013 figures
Feb , 06 , 2014  
  BBK’s net profit increased 6.4% YoY to BHD45.1mn in 2013 vis-à-vis BHD42.4mn in 2012, with earnings per share of 49 fils.
 

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  Waha Capital reports 2013 results
Feb , 06 , 2014  
  Waha Capital’s net profit rose 43% YoY to AED306.4mn in 2013 compared to AED214.4mn in 2012; it is the company’s highest results since establishment.
 

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  UAE witnesses keen interest in largest oilfields
Jan , 14 , 2014  
  According to the UAE’s oil minister, Abu Dhabi received strong interest from international firms to participate in its largest oilfields, as it considers continuing previous partnerships with Western oil giants or allowing large Asian buyers to take stakes.
 

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  Shuaa Capital announces 4Q13 results
Jan , 14 , 2014  
  Dubai-based investment bank Shuaa Capital reported a profit in 4Q13, aided by cost cuts and growth in its core businesses. Shuaa had net profit of AED3.8mn as compared with a loss of AED21mn in the corresponding period in 2012.
 

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  Gold prices decline on stronger dollar and equities market
Jan , 08 , 2014  
  Gold prices fell on Tuesday due to a stronger dollar and a rebound in the US equities markets. Prices fell 0.5% to end at USD1,231 an ounce on the NYMEX..
 

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  Eurozone inflation eases in December
Jan , 08 , 2014  
  Inflation in the Eurozone decelerated to 0.8% in December, whereas markets had forecast it to remain at 0.9%.
 

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  US trade deficit narrows in November
Jan , 08 , 2014  
  The trade deficit in the US narrowed to USD34.3bn in November from USD39.3bn (revised) in October. Markets had expected the trade deficit to decrease to USD39.9bn from the originally reported figure of USD40.6bn for the previous month.
 

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  Gold prices gain on bargain hunting
Dec , 26 , 2013  
  Gold prices edged up on Tuesday on bargain hunting, ahead of the year-end holidays. Prices rose 0.4% to USD1,203 an ounce on the NYMEX.
 

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  KSA’s private sector GDP contribution to increase in 2013
Dec , 26 , 2013  
  According to the KSA Finance Ministry, private sector’s contribution to gross domestic product (GDP) is expected to exceed to 58.75% in 2013 Furthermore, contribution of the oil sector to GDP is estimated to decline 0.61%, while that of the government and private sectors is estimated to grow 3.73% and 5.5%, respectively
 

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