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Top 10 Stories On Zawya Dow Jones On July 1 At 0800 GMT

1.MIDEAST DEBT ISSUES SURGE IN 1H AMID GOOD ISLAMIC BOND DEMAND

Middle East borrowers have shrugged off the crisis in the euro zone, more than doubling their debt issuance in the first half of 2012 amid a surge in Islamic bonds from oil-rich Saudi Arabia and as Dubai has continued to refinance some of its indebted state companies.

2. SAUDI'S RIYAD BANK TO DISTRIBUTE $260 MLN DIVIDEND FOR 1H 2012

Riyad Bank (1010.SA), Saudi Arabia's third-largest lender by market capitalization, said Sunday it will distribute 975 million Saudi riyals ($260 million) as dividends for the first half of this year.

3. IRAN CALLS FOR EMERGENCY OPEC MEETING

Iran's oil minister has called for an emergency OPEC meeting to cut output after oil prices fell below $100 a barrel.

By Benoit Faucon

4. SAUDI FUND OKS SAR5.83B LOANS TO FIN BUILDING RESIDENTIAL UNITS -SPA

Saudi Arabia's state-run Real Estate Development Fund has approved loans worth 5.83 billion Saudi riyals ($1.56 billion) to help finance the construction of nearly 14,000 local residential units, the official Saudi Press Agency, or SPA, reports Saturday, citing an executive.

By Shikrallah Nakhoul

5. MOST GULF MKTS HIGHER ON EURO ZONE SUMMIT, OIL BOOST

Most Persian Gulf stock markets trade higher Sunday, buoyed by global equity and oil price strength late last week.

By Nikhil Lohade

6. SHAREHOLDERS OF 3 BAHRAINI ISLAMIC INVEST BANKS OK THEIR MERGER

Shareholders of three Bahrain-based Islamic investment banks have approved their merger, in a move aimed at creating a strong company that will be able to capture larger projects and also diversify its capital sources.

By Shikrallah Nakhoul

7. EGYPT INBOUND TOURIST NOS UP 30.8% TO 1 MILLION IN APRIL 2012 VS 2011

The number of tourists coming to Egypt rose 30.8% to 1.05 million in April 2012, compared to 800,458 in the same month a year earlier as the impact of the country's uprising last year began to fade, data from the government's official statistics agency showed Thursday.

By Farah Halime

8. DUBAI'S NAKHEEL TO START CONSTRUCTION ON $272M DRAGON MART EXTENSION

Dubai's Nakheel PJSC said Thursday it is planning to start construction on a 1 billion U.A.E. dirhams ($272 million) extension of the city-based shopping mall Dragon Mart, after the troubled master developer swung to profit in the first quarter of 2012 amid growing signs that the emirate's embattled real estate market might have found a floor.

By Tahani Karrar-Lewsley

9. KUWAIT'S AGILITY SAYS US DISTRICT COURT RULES IN FAVOR OF 2 UNITS

Kuwait's Agility (AGLTY.KW), the biggest logistics firm by market value in the Persian Gulf, said Thursday that a U.S. district court has ruled that the suspension of two of its affiliate companies from U.S. government contracting arrangements should be lifted.

By Shikrallah Nakhoul

10. WSJ: MORSI TAKES OFFICE, PRAISES EGYPTIAN MILITARY

Mohammed Morsi became Egypt's first freely elected president on Saturday, in a daylong series of ceremonies that showcased the Islamist leader's rise from persecuted opponent of a now-ousted regime to leader of the Arab world's most-populous nation.

By Matt Bradley

-By Dubai Bureau, Dow Jones Newswires; +9714 446-1686; djnews.dubai@dowjones.com

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