GCC Stock Markets Indices

Economy & Business News

• IMF official urges caution amid resurgence in Dubai property The National - 22/05/2013
• Ipic seeks $4bn return for building key oil pipeline The National - 22/05/2013
• BREAKINGVIEWS: Qatar's leverage over banks is on the wane CPI Financial - 22/05/2013
• Damac unfolds strategic plan in Iraq Khaleej Times - 22/05/2013

Market News

• QE Index Up 0.54% in the Early Trade Gulfbase.com - 22/05/2013
• DFM Index Advances in the Early Trade Gulfbase.com - 22/05/2013
• ADX Index Turns Green during the Early Trade Gulfbase.com - 22/05/2013
• Dubai stocks fall most in a month on concern rally is overdone Bloomberg - 22/05/2013

Company News

• SABIC : Sabic to open bids for $500m plant in Jubail Saudi Gazette - 22/05/2013
• BATELCO : Batelco Group Announces Appointment of Supervisory Committee and COO Press Release - 22/05/2013
• EMIRATESNBD : Emirates NBD markets Tier 1 perp NC6 at low six per cent CPI Financial - 22/05/2013
• DARALARKAN : Dar Al Arkan Announces Successful Closing of Islamic Sukuk Programme Tadawul - 22/05/2013

Forex News

• Pound Declines to Four-Week Low Against Euro Before BOE Minutes Bloomberg - 22/05/2013
• Yen Falls to Three-Year Low Versus Euro After BOJ; Aussie Slides Bloomberg - 22/05/2013
• Dollar Maintains Declines Versus Euro Before Bernanke Testimony Bloomberg - 22/05/2013
• Yen Erases Losses As BoJ Leaves Monetary Policy Unchanged RTT News - 22/05/2013

• EXCH : Net profit announced for the 1st Quarter of the year 2013, KWD 258029.00, an increase of 44%. 21/05/2013
• SADAFCO : Cash dividend SR 3 per share announced for the financial year ended 31/03/2013. 19/05/2013
• SUDATEL : Net loss announced for the 1st Quarter of the year 2013, AED 15.97 million, compare to net profit of AED 60.99 million for the same period last year. 16/05/2013
• PCLI : Net profit announced for the 1st Quarter of the year 2013, OMR 23191.00, compare to loss of OMR 152000.00 for the same period last year. 16/05/2013

• Astra Industrial Group share rated “Overweight” by Al Jazira Capital 21/05/2013
• Qatar National Bank share recommended “Hold” by National Investments 21/05/2013
• Air Arabia share recommended “Sell” by National Investments 21/05/2013
• Al Hassan Ghazi Ibrahim Shaker share rated “Overweight” by Al Rajhi Capital 20/05/2013

• IFSB: Challenges ahead for next few years Mushtak Parker - Saudi Gazette - 14/05/2013
• Positive rebound in oil prices Dr. Sami Alnuaim - Saudi Gazette - 11/05/2013
• Kuwait: Boosting capital spending Oxford Business Group - 07/05/2013
• Saudi Arabia: Smartphones, data services to drive telecoms growth Oxford Business Group - 02/05/2013