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Sat, 04 Jul 2009 | 18:20 GMT
 
Top Economy & Politics News

  • ADCCI, Khalifa Fund for Development of Enterprises sign MoU


    The Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed here today at ADCCI office a Memorandum of Understanding (MoU) with the Khalifa Fund for Development of Enterprises in the emirate of Abu Dhabi. WAM (Emirates News Agency) - 04Jul 12:26GMT
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  • Kuwait Reserves Total $350B; Foreign Invest See Losses


    The total reserves of Kuwait amounts to KD 103 billion which equals 350 billion US dollars, reports Al-Qabas daily quoting government sources. Arab Times - 04Jul 11:33GMT
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  • Jordan ranks 9th in Global Services Location Index


    Jordan gains 5 points and features for the first time in the top ten in this year's Global Services Location Index (GSLI). Press Release - 04Jul 07:33GMT
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  • US clings to hopes for 2009 economic recovery


    Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year. AFP - 03Jul 07:38GMT
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  • Iran, Afghanistan sign trade MOU


    IRIB reported Iranian Commerce Minister Masoud Mirkazemi and his Afghan counterpart Wahidullah Shahrani inked the MOU to streamline two-way trade and expand commercial ties. Tehran Times - 03Jul 06:48GMT
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  • Lebanon's Credit Ratings Upgraded


    Capital Intelligence, the international credit rating agency, today announced that it has raised Lebanon's long-term foreign and local currency ratings to 'B' from 'B-' (B minus). The outlook is stable. Press Release - 02Jul 13:15GMT
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  • Kuwait MPs Pass Budget With $13.8 Billion Deficit


    Kuwait's parliament approved the 2009/2010 state budget which projects a sharp drop in revenues and spending due to lower oil prices and a four-billion-dinar (13.8-billion-dollar) deficit. AFP - 02Jul 12:07GMT
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  • French PM Seeks To Raise Business Profile In Iraq


    French Prime Minister Francois Fillon arrived in Baghdad on Thursday with a delegation of officials and business leaders seeking to raise France's profile in Iraq. AFP - 02Jul 10:49GMT
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  • Jetro on Japan-GCC trade during the year 2008


    Japan's trade with the Arab Gulf Co-operation Council (AGCC) countries surged by 43.1% during the year 2008 to US $ 171.7 billion, against US $ 120.0 billion in 2007. Press Release - 02Jul 07:32GMT
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  • Fitch assigns stable outlook rating to HFZA


    Fitch Ratings has affirmed Sharjah-based company Hamriyah Free Zone Authority's (HFZA) ratings at Long-term Issuer Default (IDR) "BBB+" with a stable outlook and Short-term IDR "F2". Emirates Business 24/7 - 02Jul 07:03GMT
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Chemanol Meets China's Market Dumping Claim
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Saudi Chemanol refutes being a part in China's market dumping case - 04Jul
 
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Economy     

Egypt: Country outlook
Economist Intelligence Unit - Jun 2009

EIU expects Egypt's real GDP to fall slightly in the second half of 2009 (the first half of 2009/10), before starting to pick up again in the first half of 2010. Inflation is forecast to average 9.7% in 2009 and 7% in 2010. The government's policy of reducing energy subsidies could also lead to increased fuel prices, bringing about a renewed cycle of price increases.
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Companies in Money

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Consolidated Contractors Company Overseas Construction and Design
Saudi Binladin Group Saudi Arabia Construction and Design
Emirates Aluminium Company UAE Metal Production
Abu Dhabi Investment Council UAE Investment Firms and Funds
Emirates Telecommunications Corporation UAE Telecommunications Services
Al Azizia Panda United Company Saudi Arabia General Retailers
Barwa Real Estate Company Qatar Landlords and Developers
Nissan Motor Egypt Egypt Transportation Products
Ras Girtas Power Company Qatar Electric Utilities
Saudi Electricity Company Saudi Arabia Electric Utilities
 

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So I’m in the middle of reading “The Kingdom� by Robert Lacey, which charts the formation of Saudi Arabia from late 19th Century until the 1980’s. And I’m up to the part where Onassis comes in to make a deal for shipping the oil out of Saudi, although Aramco’s contract states that they have the exclusive rights to prospect, extract and transport the oil.
 
This Arab Life  blog by Alexandra Tohme | 03Jul09
 
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1 The Sorry State of Real Estate in the UAE (Uncensored Version)
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3 A tale of two banks
4 By the people for the people
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  Major Currencies per USD
Euros *  1.39587  03Jul23:15
Pound Sterling *  1.63372  03Jul23:15
Expressed as 'bid' price per USD except*
  Regional Currencies per USD
Algerian Dinar  72.65000  03Jul16:30
Bahraini Dinar  0.37690  03Jul21:15
Egyptian Pound  5.58900  03Jul13:30
Irani Riyal  9950.00000  30Jun13:15
Iraqi Dinar  1158.50000  02Jul07:30
Jordanian Dinar  0.70770  03Jul17:30
Kuwaiti Dinar  0.28800  30Jun00:30
Lebanese Pound  1507.50000  02Jul05:15
Libyan Dinar  1.26034  03Jul05:00
Moroccan Dirham  8.05270  03Jul21:15
Omani Riyal  0.38500  03Jul17:30
Qatari Riyal  3.64180  03Jul17:30
Saudi Riyal  3.75030  03Jul16:30
Sudanese Dinar  234.38500  09Mar05:00
Syrian Pound  46.95351  03Jul05:00
Tunisian Dinar  1.20000  01Jul07:48
UAE Dirham  3.67300  03Jul17:30
Yemeni Riyal  199.80000  03Jul16:30
Expressed as 'bid' price
 
 
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Zawya Select
ZawyaSelect
Financial Services
Dealing In Debt
The recent spate of bond issuances, both corporate and sovereign, has revived hopes of a thriving debt capital market in the Gulf. But is the fledgling bond market ready to fill the crucial capital need, and convince investors debt is more than a four-letter word?
 
 
Iraq
Bottom Dollar
The tender of six of the largest oilfields in the world and two gasfields has resulted in the award of just one contract, as the Iraqi government has maintained a tough stance on the fees that it is willing to pay.
 
 
Do Arabs Revolt?
The stark contrast between Iran's demonstrations and the absence of any such popular revolts in the Arab world during the past half-century is more than just fascinating in terms of political anthropology.
 
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Privatization Holding Company Kuwait 298
2 Saudi Printing and Packaging Company Saudi Arabia 272
3 Suez Canal Company For Technology Settling Egypt 244
4 Nafais Holding Kuwait 216
5 Al Khaleej Training and Education Saudi Arabia 187
» View Full List
 
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  • Macroeconomic Research
  • Country Analysis from EIU
 
 
 
 
 
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