The Middle East witnessed a moderate third quarter in 2014 torn between an international decline of oil prices and heightening regional security uprisings. As oil production flooded the international ... read more
One month after the UN dubbed the doings of the self-proclaimed Islamic State (IS) as “mass atrocities” and on the eve of 9/11, US President Barack Obama announced air strikes against IS in Syria and in ... read more
Mr. Masood Ahmed, Director of the Middle East and Central Asia Department of the International Monetary Fund (IMF), visited Lebanon on December 8−9, for meetings with the Lebanese authorities and other ... read more
We maintain our ACCUMULATE rating on SODIC as we believe the company is in a strong position to attract promising growth opportunities. As well, we value the company’s shares at EGP 15.94 per share after ... read more
The number of construction permits during the year remained almost stable, at 15,346 permits by November 2014, a 0.4% y-o-y decrease. On the other hand, construction area authorized by permits (CAP) ... read more
Kafalat issued 796 guarantees in the first 11 months of 2014, with a total value of 103.28M, compared to 806 guarantees worth $108.57M for the same period in 2013. Correspondingly, the average value per ... read more
Trade on the Beirut Stock Exchange (BSE) occurred at a low volume of 26,638 shares worth $265,014. The BLOM Stock Index (BSI) lost 0.07% to 1,175.79 points. The real estate sector grasped a share of 82.83% ... read more
Lebanon’s Balance of Payments (BoP) recorded a deficit of $867.7M in the first 10 months of 2014, compared to a deficit of $1.47B in the same period last year. Net Foreign Assets (NFAs) of the Lebanese ... read more
Demand for the Lebanese Eurobonds Market decreased again, with the BLOM Bond Index (BBI) dropping by 0.15% to 108.00 points. The 5Y and 10Y Lebanese Eurobonds’ yields gained 5 basis points (bps) and 3 bps ... read more
Surviving the regional tensions kept distinguishing the United Arab Emirates (UAE) that focused during the third quarter on boosting tourism, social welfare and financial activity. The UAE also plans ... read more
Amidst a still turbulent Middle Eastern scene, the United Nations blacklisted four Saudi and Kuwaiti nationals for financing Islamists in Syria and Iraq. As a response the two countries announced they ... read more
The shock decision to award the hosting rights of the FIFA 2022 World Cup Tournament to the Gulf country triggered a massive construction boom. As it spends billions of dollars on construction, Qatar’s ... read more
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here