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Jun 24 2012

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Top 10 Stories On Zawya Dow Jones On June 24 At 0830 GMT

1.QATAR NATIONAL BANK SAYS HIRES 5 BKS TO ARRANGE $1.5B LOAN

Qatar National Bank, or QNB, the Gulf state's largest lender by market value, said Sunday it has hired five banks to arrange a three-year, $1.5 billion loan.

2.EGYPT'S FINANCE MINISTRY ALLOCATES $100 MILLION FOR PETROLEUM IMPORTS

Egypt's finance minister has approved the release of $100 million to help meet domestic demand for petroleum product imports, the fifth such allocation in less than two months.

3.MOST GULF MKTS TRADE LOWER; GLOBAL ECON CONCERNS WEIGH

Most Persian Gulf markets trade down, extending losses from Thursday and tracking a lower Saudi close on Saturday.

By Brinda Darasha

4.RENAISSANCE'S TOPAZ UNIT GETS CATAMARAN CONTRACT FROM SHARJAH GOVT

Topaz Marine Engineering, a subsidiary of Oman's Renaissance Services (RNSS.ON), has been commissioned by the government of Sharjah to build and deliver a catamaran passenger ferry boat.

By Tim Falconer

5.JEDDAH OFFICE SUPPLY SEEN SLOWING IN 2012 - JLL

Although a total 134,000 square meters of office space is expected to be completed in Jeddah, Saudi Arabia, in the remaining three quarters of 2012, bringing the total central business district stock to around 670,000 square meters, a slowdown in deliveries may also be seen, warns Jones Lang LaSalle in its latest report.

By Tahani Karrar Lewisley

6.KUWAIT'S NBK CAPITAL INVESTS IN EIKON INTERNATIONAL HOLDING

Kuwait's NBK Capital has completed a investment in the operator of Dubai's Heriot Watt University, the company said in an emailed statement Sunday.

By Asa Fitch

7.SAUDI NATL PETROCHEMICAL, ARABIAN CHEVRON PHILLIPS START NEW POLYMER PLANT

Saudi Arabia's National Petrochemical Co. (2002.SA) and Arabian Chevron Phillips Petrochemical Co. have started operations at their polymer plant in Jubail industrial city, the Saudi firm said on Saturday.

By Ellen Knickmeyer

8.JEDDAH RESIDENTIAL PRICES SEEN RISING IN 2012 -JLL

Residential real estate rents in Jeddah, Saudi Arabia, are expected to rise in 2012 as demand exceeds the current supply of 723,000 units, says Jones Lang LaSalle.

By Tahani Karrar Lewisley

9.MSCI COULD RATE SAUDI AS EMERGING MARKET IF ACCESS IMPROVES

Index compiler MSCI Inc. said it could rank Saudi Arabia as an emerging market alongside countries such as Brazil and China, if the oil-rich kingdom moves ahead with longstanding plans to open up its stock market to foreign investors.

By Tim Falconer

10.DUBAI'S DRYDOCKS WORLD LESS THAN TWO WEEKS FROM SE ASIA JV PLAN - CHAIRMAN

Dubai's Drydocks World is less than two weeks away from a joint-venture agreement that will reorganize its Southeast Asian business, Chairman Khamis Juma Buamim said Thursday.

By Asa Fitch

-Dubai Bureau, Dow Jones Newswires; +9714 3748044; djnews.dubai@dowjones.com

Copyright (c) 2012 Dow Jones & Co.

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24-06-12 0825GMT

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