Zawya.com - Qatar SE News

VTB Capital: MSCI Country Classification (18-Jun-13)

Tue, 18 Jun 2013 09:10:00 GMT

On 11 June the MSCI announced the results of its 2013 Annual Market Classification Review. The UAE and Qatar are to be reclassified to EM from FM, effective from the May 2014 review. Greece is to be reclassified from DM to EM and Morocco from EM to FM, effective from the November 2013 review. Taiwan and Korea remain under review for a DM upgrade. China A-Shares will be put under review for potential EM inclusion and Egypt is to be monitored more closely for exclusion from EM if the situation on the FX market deteriorates.

OAB: Al Arabi GCC Technical Portfolio (17-Jun-13)

Mon, 17 Jun 2013 08:18:00 GMT

This is a PDF report.

NBK: MENA In Focus (05-Jun-13)

Sun, 16 Jun 2013 13:50:00 GMT

In Focus 1: Rise of the Smartphone: The dark side of over-the-top applicationsMost MENA telecom operators had been banking on the mobile data boom in the region to anchor their revenue growth prospects. The proliferation of smartphones has triggered substantial data demand and usage amongst users, encouraging operators to invest in new generation networks that will support the ever-growing demand for data. Operators were content with marketing, and in some cases, subsidizing smartphone handsets as a tool to support pricey lucrative data usage. However, smartphones have opened the door to ‘disruptive’ newcomers such as WhatsApp, Skype and Viber, over-the-top (OTT) providers that have taken a bite out of the lucrative mobile data revenue stream by offering message and voice services at a fraction of the telecom operators’ prices. Operators are faced with a choice: adapt or see their mobile data revenues shrink. In Focus 2: Saudi Banks’1Q2013 Results: What stood out?Looking at the performance of Saudi banks in 1Q2013, we note key takeaways: loan growth remained robust while NIM continued to be under pressure but to a lesser extent than before, supported by marginal drops in the cost of funds. We also note an increasing contribution of investment income to total operating income as the banks continue to put focus on non-interest income growth. Saudi banks continue to trade at low P/Bs compared with their history as well as emerging-market banks, signaling potentially attractive upsides. In our view, the lower valuations are unjustified, given the positive growth dynamics, the supportive macroeconomic environment and the resiliency of the banking sector in Saudi Arabia.

Global: GCC Equity Monitor (Apr-13)

Sun, 16 Jun 2013 10:04:00 GMT

This is a PDF report.

QE's corporate earnings surge to USD2.8bn in Q1

Sun, 16 Jun 2013 05:05:58 GMT

Qatar Exchange's (QE) corporate earnings surged to 10.7% year-on-year to USD2.8bn in Q1 this year due to growth across sectors, barring consumer goods and services.

QE's market cap rises by 1.74% to QAR519bn

Fri, 14 Jun 2013 05:17:15 GMT

Qatar Exchange gained 189.47 points or 2.04% last week to close at 9,479.80 points. Trading value increased by 65.21% to reach QAR3.44 billion last week compared to QAR2.08 billion the previous week.

UDC to sign QAR1.5bn loan deal with QNB

Fri, 14 Jun 2013 05:16:05 GMT

United Development Company (UDC), master developer of The Pearl-Qatar, announced yesterday its intention to sign a loan agreement facility with Qatar National Bank (QNB) for QAR1.5 billion.

QNB: Weekly Marker Report (13-Jun-13)

Thu, 13 Jun 2013 12:55:00 GMT

This is a PDF report.

UAE, Qatar bourses rally after MSCI upgrade

Thu, 13 Jun 2013 05:26:17 GMT

Stock markets in the UAE and Qatar gained on Wednesday after the MSCI upgraded the two countries to emerging market status. This is likely to attract increased attention from foreign investors.

Global: GCC Earnings Review (Q1-2013)

Wed, 12 Jun 2013 11:09:00 GMT

BSE Corporate earnings rise 63.0%YoY; growth led by Banks sectorBSE’s consolidated earnings surged 63.0%YoY to USD782.5mn in 1Q13 driven by growth across majority of the sectors except Insurance and Services. The Commercial Banks sector, which accounted for half of BSE’s earnings, increased 143.6%YoY to USD391.0mn in 1Q13.Industrial and Banks sectors drag down Kuwait’s corporate earnings 2.7%YoYKSE’s consolidated earnings declined 2.7%YoY to USD1,466.1mn in 1Q13. Earnings of Banking sector (36.7% of total earnings) fell marginally (0.1%YoY) to USD539.1mn in 1Q13. Earnings of Industrial’s sector (12.5% of KSE’s earnings) fell 1.4%YoY due to fall in Alafco Aviation Lease And Finance Co. (25.2%), Combined Group Contracting Co. (12.0%) and Kuwait Cement Co. (1.5%).

Global: MSCI Upgrades UAE & Qatar (12-Jun-13)

Wed, 12 Jun 2013 08:02:00 GMT

UAE and Qatar's years of efforts have finally been rewarded as both the countries have been upgraded to "emerging market" status thanks to steps taken by exchange officials in both countries to win the confidence of global investors. UAE and Qatar's upgrade to membership in the index is expected to take effect around May 31, 2014. Qatar would account for 0.45% of the weighting of the Emerging Markets index, with the UAE accounting for 0.4%.

MSCI upgrades UAE, Qatar to emerging markets status

Wed, 12 Jun 2013 05:39:17 GMT

The elevation of the MSCI UAE and MSCI Qatar indices from frontier to emerging markets will coincide with the May 2014 semi-annual index review, MSCI said.