Mena News

 

  Al-Quds Index ends 0.04% lower
Feb , 19 , 2013  
  The 'Al-Quds Index' closed at (471.39) points, a (-0.21) points (-0.04%) decrease compared to the last trading session.A Total of 527,347 shares were traded with a value of (670,138) USD, executed during (181) transactions.
 

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  Manufacturing activity expands in New York
Feb , 17 , 2013  
  Manufacturing activity in New York improved in February, with the business conditions index jumping to 10.0 from -7.8 in January. This rise came as a surprise to the market that projected the index reading to move up to -1.8.
 

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  Jobless claims drop more-than-expected in the US
Feb , 17 , 2013  
  Initial jobless claims in the US fell more-than-expected by 27,000 to 341,000 in the week ended February 9. The market estimated claims to decline to 360,000 from the originally reported 366,000.
 

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  Aabar Investments seeks to refinance USD2bn loan
Feb , 17 , 2013  
  Abu Dhabi-based Aabar Investments is seeking to raise a new credit facility to refinance an USD2bn loan maturing in May 2013. The new facility is expected to have the same structure as the current deal.
 

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  Emirates Telecommunication Corp. seeks USD8bn loan
Feb , 17 , 2013  
  Abu Dhabiís Emirates Telecommunication Corp. is in talks with banks to raise an USD8bn syndicated loan to finance the purchase of a 53% stake in Maroc Telecom from France-based Vivendi.
 

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  Kingdom Holding Company purchases stake in Chinese e-retailer
Feb , 17 , 2013  
  Kingdom Holding Company and a consortium of investors purchased a SAR1.5bn stake in China-based 360buy Jingdong. The company invested SAR470mn.
 

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  Siemens wins EUR81mn contract
Feb , 17 , 2013  
  Saudi Electricity Company awarded a EUR81mn contract to Siemens for a new high-voltage substation in Jeddah to meet the increasing demand for energy. Siemens would carry out the design, engineering, construction, testing and commissioning of the new substation.
 

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  Zain Group announces 2012 results
Feb , 17 , 2013  
  Zain Groupís net income dropped 11.5% YoY to KWD252.1mn in 2012. Revenues fell 3.0% YoY to KWD1.3bn during the same period.
 

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  US retail sales rise marginally
Feb , 14 , 2013  
  Retail sales in the US rose modestly in January, led by an increase in federal payroll taxes. The sales inched up 0.1% in January, after rising 0.5% in December, in line with market expectations.
 

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  US import prices increase in January
Feb , 14 , 2013  
  Import prices in the US increased in January due to a rebound in fuel import prices. Overall, the prices grew 0.6% in January after declining 0.5% the previous month. However, this fell short of the market estimate of 0.8%. The import price of fuel increased 2.4% during the month after decreasing 2.0% in December.
 

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