Mena News

 

  Doha Bank posts 4Q12 results
Jan , 22 , 2013  
  Doha Bank reported 6.1% YoY increase in net income to QAR244.4mn in 4Q12. Net profit rose 5.1% YoY to QAR1.3bn in 2012.
 

Read More

  Dubai Chamber of Commerce and Industry members report higher exports
Jan , 22 , 2013  
  The value of exports of the members of Dubai Chamber of Commerce and Industry increased 9% YoY to a record high of AED268bn in 2012. This was higher than the pre-crisis level of AED213bn in 2008.
 

Read More

  Dubai plans to raise minimum USD1bn through sukuks
Jan , 22 , 2013  
  Government of Dubai mandated four banks – Dubai Islamic Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered Plc – to raise at least USD1bn through sukuk issuance.
 

Read More

  Aldar Properties and Sorouh Real Estate agree on merger
Jan , 22 , 2013  
  Aldar Properties and Sorouh Real Estate approved plans to merge and create an entity with an asset base of USD15bn. Under the terms of the merger, Government of Abu Dhabi would own 37% of the consolidated entity on a fully diluted basis.
 

Read More

  Kingdom Holding Co. reports growth in 4Q12 net income
Jan , 22 , 2013  
  Kingdom Holding Co’s net income grew 10.5% YoY to SAR707mn in 2012. Net income rose 11.6% YoY to SAR210mn in 4Q12.
 

Read More

  Saudi Telecom Co. posts 4Q12 results
Jan , 22 , 2013  
  Saudi Telecom Co. reported 79% YoY decline in net income to SAR468mn in 4Q12 due to re-evaluation of investments and non-cash charge of SAR641mn related to the provision on impairment of intangible assets.
 

Read More

  Zain Saudi reports lower loss in 4Q12
Jan , 22 , 2013  
  Zain Saudi posted a net loss of SAR443mn in 4Q12, lower than the net loss of SAR461mn in 4Q11, due to a decline in finance costs. The net loss was higher than the market estimate of SAR387mn. Net loss stood at SAR1.7bn in 2012 compared to SAR1.9bn in 2011.
 

Read More

  Wall Street Week Ahead: Earnings, money flows to push stocks higher
Jan , 21 , 2013  
  With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal. The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations. Sector indexes in transportation .DJT, banks .BKX and housing .HGX this week hit historic or multiyear highs as well. Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies (UTX.N) reports on Wednesday while Honeywell (HON.N) is due to report Friday. "Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said. Major technology companies also report next week, but the bar for the sector has been lowered even further. Chipmakers like Advanced Micro Devices (AMD.N), which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel (INTC.O). Still, a chipmaker sector index .SOX posted its highest weekly close since last April. Following a recent underperformance, an upside surprise from Apple (AAPL.O) on Wednesday could trigger a return to the stock from many investors who had abandoned ship. Other major companies reporting next week include Google (GOOG.O), IBM (IBM.N), Johnson & Johnson (JNJ.N) and DuPont (DD.N) on Tuesday, Microsoft (MSFT.O) and 3M (MMM.N) on Thursday and Procter & Gamble (PG.N) on Friday. CASH POURING IN, HOUSING DATA COULD HELP Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks. The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield. "From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco. "You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent." Housing stocks .HGX, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot. Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November. The new home sales report on Friday is expected to show a 2.1 percent increase. The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension. Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around. The CBOE volatility index .VIX, a gauge of market anxiety, closed Friday at its lowest since April 2007. "I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami. "It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."
 

Read More

  Market’s geared up for Apple, Google results
Jan , 21 , 2013  
  Tech heavyweights Apple Inc., Google Inc., International Business Machines Corp. and Microsoft Corp. are scheduled to release quarterly results next week, and with gloomy expectations for earnings for the sector, investors will be keen to hear the companies’ forecasts. The market will be “at the beginning of the heart of earnings season,” this week, according to Robert Pavlik, chief market strategist at Banyan Partners, who noted that 3M Co. MMM +0.67% and Johnson & Johnson JNJ +0.45% will be among other companies in focus with the release of their results.
 

Read More

  Italy’s industrial new orders fall in November
Jan , 21 , 2013  
  Italy's industrial new orders and turnover fell at a faster rate in November. The industrial new orders index declined a seasonally adjusted 6.7% YoY, after dropping 0.1% YoY in October. On a monthly basis, orders dipped 0.5% in November, after a 0.1% rise the previous month. Domestic market orders contracted 1.8%, while foreign booking climbed 1.3%.
 

Read More

[First Page] [Prev] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 [Next] [Last Page]

  
New Page 1
Privacy Statement

Copyright © 2012 LOTUS All Rights Reserved
Developed By Superlink