Middle Easte Economics news

 

  1. Morocco’s Attijariwafa bank group takes full control of Barclays Bank Egypt

    Me-confidential.com - Finance 05.30 / 01:07 me-confidential.com
    Morocco’s leading Attijariwafa bank group has taken full control of British Barclay’s Egypt branch. The transaction was completed Wednesday, Moroccan online media challenge.ma notes citing the bank. The Moroccan bank in October bought Barclay’s Egypt Branch beating several global bank groups, among which Emirati NBD. The deal was estimated at $400 million. With this new [R…
  2. Alawwal Bank appoints JPMorgan as adviser on merger with SABB

    English.mubasher.info - TDWL 05.29 / 22:16 english.mubasher.info
    Riyadh – Mubasher: Saudi-listed Alawwal Bank has selected JPMorgan to advise it on a possible merger with Saudi British Bank (SABB), sources familiar with the matter told Reuters on Monday. On Sunday, senior management from the two Saudi-based ……
  3. Saudi insurer MedGulf mulls business sale

    English.mubasher.info - TDWL 05.29 / 22:16 english.mubasher.info
    Riyadh – Mubasher: Saudi-based and listed Mediterranean & Gulf Insurance & Reinsurance Co. (MedGulf) is considering putting itself up for sale, three people familiar with the matter told Bloomberg on Sunday. The Saudi insurer is working with the ……
  4. Saudi inflows to surpass $35bn if added to MSCI – Deutsche Bank

    English.mubasher.info - TDWL 05.29 / 22:16 english.mubasher.info
    Riyadh – Mubasher: Saudi Arabia is likely to attract up to $35 billion in foreign investments if its stock market, the largest in the Arab world, is added to MSCI Inc.’s emerging-markets index, Deutsche Bank’s CEO for MEA Jamal Al Kishi told ……
  5. No 770

    Financialtribune.com - Finance 05.29 / 22:00 financialtribune.com
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  6. Macron Hosts Putin

    Financialtribune.com - Finance 05.29 / 22:00 financialtribune.com
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  7. Egypt Continues Attacks on Libya

    Financialtribune.com - Finance 05.29 / 22:00 financialtribune.com
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  8. Major Overhaul for Shaparak

    Financialtribune.com - Finance 05.29 / 22:00 financialtribune.com
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  1. 21 cruise ships arrive in Aqaba in 5 months

    En.ammonnews.net - Business 05.29 / 22:58 en.ammonnews.net
    AMMONNEWS - Twenty one cruise ships have arrived in the port city of Aqaba over the past 5 months carrying 250,000 tourists from various European nationalities. ASEZA commissioner for economic development and investment affairs Sharhabeel Madi told Petra that the current tourism season is…
  2. KIA UAE wins third place globally in the 4th Kia World Service Advisor Competition

    Al-press.com - Business 05.29 / 22:10 al-press.com
    The exceptionally high quality of Al Majid Motors co. Kia customer servicing for its Kia clients was revealed at the 4th Kia World Service Advisor Competition where Al Majid Motors Co. representative, Ms. Monique Malingin scooped the bronze Medal and Trophy. The victory was accomplished in the face of competition with 104 other contestants representing Kia from around the world. Read More …
  3. SKAI completes 40% of Viceroy Dubai Jumeirah Village

    Al-press.com - Business 05.29 / 22:10 al-press.com
    SKAI, the Dubai-based real estate and hospitality group, today announced it has completed 40 percent of the construction of its AED1.28bn (US$348.4m) Viceroy Dubai Jumeirah Village hotel and residences. The development is on track to open as planned in 2018. Read More…
  4. Sophos Honours Top Performing Channel Partners at its EMEA Partner Conference in Lisbon, Portugal

    Al-press.com - Business 05.29 / 22:10 al-press.com
    Sophos (LSE: SOPH), a global leader in network and endpoint security presented awards to six of its top performing channel partners from the Middle East and Africa region at its EMEA Partner Conference which was held in Lisbon, Portugal between 9th - 11th May, 2017. These awards were in recognition for their proactive approach and significant achievements in FY 17. The event attracted 750 attendees across Europe, Middle East & Africa. Read More…
  5. Ford Escape Brings Cutting-Edge Features to Notoriously Competitive Small SUV Segment, Helping Drivers Stay Connected, C

    Al-press.com - Business 05.29 / 22:10 al-press.com
    One of Ford’s best-selling SUVs for a reason, the Escape’s popularity is born of its reputation for great fuel economy, versatility, and technology aimed at helping customers, and it stands proudly as an integral part of Ford’s SUV lineup. Read More …
  6. ACC (Arabian Construction Company) Wins International Safety Awards for Four UAE Sites

    Al-press.com - Business 05.29 / 22:10 al-press.com
    ACC has won four highly regarded International Safety Awards for its work at Meena Tower and the ACC Plant Department in Abu Dhabi, and Fountain Views and Sky View in Dubai. The Merit Awards were presented by the British Safety Council in recognition of the company’s success in establishing a strong health and safety culture across its operations. Read More …
  7. U.S. May Put Emergency Tariffs on Solar Imports

    Hamodia.com - Business 05.29 / 22:04 hamodia.com
    The United States has notified the other 163 members of the World Trade Organization that it is considering putting emergency “safeguard” tariffs on imported solar cells, according to a WTO… Read more » The post U.S. May Put Emergency Tariffs on Solar Imports appeared first on Hamodia. In related news: FOCUS: Why Tariffs on Chinese Imports Could Backfire in California China’s February Imports Sink in New Sign of Weakness U.S., EU Negotiators Propose to Eliminate Most Tr…
  8. From Crops to Chemicals, Canada CN Rail Strike Would Hit Shippers

    Hamodia.com - Business 05.29 / 22:04 hamodia.com
    Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co., the country’s largest railroad, fearing that a shut-down would immediately damage business. The… Read more » The post From Crops to Chemicals, Canada CN Rail Strike Would Hit Shippers appeared first on Hamodia. In related news: Rail-Union Members Vote Down BNSF Proposal to Cut Train–Crew Size Rail Strike Cancelled Philly Rail Service Resumes After Obama Intervenes Ca…
  1. Inditex SA (ITX) PT Set at €39.00 by Royal Bank of Canada

    Mideasttime.com - Finance 05.30 / 05:08 mideasttime.com
    Inditex SA (BME:ITX) has been assigned a €39.00 ($43.82) price objective by analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Several other analysts have also issued reports on ITX. Goldman Sachs Group Inc set a €43.00…
  2. United Internet AG (UTDI) PT Set at €56.00 by Kepler Capital Markets

    Mideasttime.com - Finance 05.30 / 05:08 mideasttime.com
    United Internet AG (ETR:UTDI) received a €56.00 ($62.92) price target from research analysts at Kepler Capital Markets in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. UTDI has been the subject of several other reports. HSBC Holdings plc set a €50.00 ($56.18) price target on…
  3. Wirecard AG (WDI) PT Set at €58.00 by Berenberg Bank

    Mideasttime.com - Finance 05.30 / 05:08 mideasttime.com
    Wirecard AG (ETR:WDI) has been given a €58.00 ($65.17) price target by investment analysts at Berenberg Bank in a research note issued on Friday. The firm currently has a “buy” rating on the stock. A number of other research analysts have also issued reports on WDI. Baader Bank set a €70.00 ($78.65) target price on…
  4. Super Micro Computer, Inc. (SMCI) Receives $34.20 Average Target Price from Brokerages

    Mideasttime.com - Finance 05.30 / 05:08 mideasttime.com
    Super Micro Computer, Inc. (NASDAQ:SMCI) has been assigned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have…
  5. Brokerages Set Nexstar Media Group Inc (NXST) Target Price at $77.83

    Mideasttime.com - Finance 05.30 / 05:08 mideasttime.com
    Shares of Nexstar Media Group Inc (NASDAQ:NXST) have been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective…
  6. D.R. Horton, Inc. (DHI) Given Consensus Rating of “Buy” by Brokerages

    Mideasttime.com - Finance 05.30 / 04:53 mideasttime.com
    Shares of D.R. Horton, Inc. (NYSE:DHI) have earned an average rating of “Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average…
  7. ArcelorMittal SA (MT) Receives Consensus Rating of “Buy” from Brokerages

    Mideasttime.com - Finance 05.30 / 04:53 mideasttime.com
    Shares of ArcelorMittal SA (NYSE:MT) have earned a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target…
  8. Schroders plc (SDR) Given Average Recommendation of “Hold” by Analysts

    Mideasttime.com - Finance 05.30 / 04:53 mideasttime.com
    Schroders plc (LON:SDR) has received a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target…
  1. Abu Dhabi signs multiple construction deals

    Thebig5hub.com - Industries 05.29 / 10:34 thebig5hub.com
    Abu Dhabi City Municipality (ADM) and Capital Investment LLC have signed a build-operate-transfer or ‘Musataha’ contract for the rehabilitation of the HH Sheikha Fatima bin Mubarak Park, formerly known as Al Khaldiya Park for Wom…
  2. Oil prices stabilise after initial jolt from OPEC/non-OPEC deal

    Arabianoilandgas.com - Industries 05.29 / 08:38 arabianoilandgas.com
    OPEC members and a Russia-led group of 11 non-OPEC countries on May 25th agreed to prolong production cuts by 1.8mn bpd, for a further nine months, beginning from the 1st of July, in a bid to stabilise oil prices and reduce oil…
  3. ADNOC, OMV sign MoU for downstream businesses opportunities

    Arabianoilandgas.com - Industries 05.29 / 08:38 arabianoilandgas.com
    The agreement supports the evaluation of opportunities in downstream projects, the exchange of knowledge and experience in refining operations and refinery-petrochemical integration and optimisation, and downstream technical and maintenance…
  4. Alpha Petroleum signs GE Oil & Gas for Cheviot field subsea equipment

    Pipelineme.com - Industries 05.29 / 08:02 pipelineme.com
    Alpha Petroleum, signed an agreement with GE Oil & Gas to partner on the advancement of the subsea infrastructure for the Cheviot oil field, one of the largest undeveloped fields in the UK North…
  5. Oil Search to farm-in to acreage in ExxonMobil Papua New Guinea licences

    Pipelineme.com - Industries 05.29 / 06:57 pipelineme.com
    Oil Search has announced that it will farm-in for ExxonMobil’s Papua New Guinea licences that it acquired from InterOil in early 2…
  6. Eni wins offshore Oman exploration rights, signs MoU with state oil firm

    Pipelineme.com - News 05.29 / 06:41 pipelineme.com
    Eni won exploration rights for an offshore block in Oman and the energy company also signed an oil and gas exploration agreement with Oman’s energy investment a…
  7. Deloitte launches VAT app in the GCC

    Thebig5hub.com - Industries 05.29 / 06:32 thebig5hub.com
    In order to help businesses in the GCC understand the potential impacts of the implementation of, and operation under, VAT, Deloitte Middle East has created a free and interactive mobile…
  8. Busy construction week in Abu Dhabi

    Thebig5hub.com - Industries 05.29 / 05:49 thebig5hub.com
    Abu Dhabi City Municipality (ADM) and Capital Investment LLC have signed a build-operate-transfer or ‘Musataha’ contract for the rehabilitation of the HH Sheikha Fatima bin Mubarak Park, formerly known as Al Khaldiya Park for Wom…