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Saturday, 15 December 2012

Prospects for Qatar’s economy remain promising | GulfNews.com

It is difficult to disagree with recent assessment of Standard and Poor’s (S&P) about the state of Qatar’s economy. Amongst others, the global credit rating agency expects leveled growth of real GDP (gross domestic product) per capita and for understandable reasons.

Invest in Egypt now! Asharq Alawsat Newspaper (English)

This week is the best time for anybody to buy or invest in Egypt.

This is the week for investors to discover great deals on shares, bonds and real estate.

Such a historic opportunity may not be repeated again after the political situation in Egypt overcomes its crises and problems.

The situation emphasizes the fact that the division in Egypt, logically, cannot get any worse, with the exception of chaos or coup.

Saudi Stock Market close - December 15, 2012

General Index
Intraday  3 month  
 Daily Statistics
 Date15/12/2012
 General Index6823.8
 Change (%)0.80%
 Change53.84
 T. Volume166241453
 T. Companies 158
 Advanced117
 Declined24
 Unchanged13
 UnTraded4

Saudi Arabian Shares Rise Led by Sabic and Telecommunications - Bloomberg

Saudi Arabian Shares rose to the highest level in a month, led by petrochemicals, banks and telecommunication companies, on optimism about fourth-quarter earnings.
Saudi Basic Industries Corp. (SABIC), known as Sabic, advanced to the highest since Dec. 9, while Saudi Telecom Co. (STC) increased to the most in more than two months. Al-Rajhi Bank, the kingdom’s biggest bank by market value, climbed the most in five days.
The Tadawul All Share Index (SASEIDX) gained 0.7 percent to 6814.68, the highest since Nov. 14, at 2:36 p.m. Riyadh time.

STOCKS NEWS MIDEAST-Saudi stocks rise in early trade - Yahoo! News Maktoob

Saudi shares opened with gains in all sectors after oil prices rose on Friday and King Abdullah left hospital on
Thursday, easing stock market concerns over the ruler's health.
Oil prices rose on Friday on expectations for improved demand in China after data showed the manufacturing sector in the world No. 2 oil consumer expanded in December at its fastest pace in more than a year.
The stock market dipped last month after King Abdullah had back surgery. The 89-year-old ruler has pushed cautious economic and social reforms.

Nouriel Roubini forecasts another recession for 2013 « ArabianMoney



Iraq boom hands Saudi Arabia a challenge | Business , Middle East | THE DAILY STAR

Iraq’s biggest jump in oil production since 1998 is increasing the burden on Saudi Arabia to lower crude exports to prevent price declines next year. The kingdom curbed crude output in November to a 13-month low, according to OPEC.

Iraq plans next year to pump as much as it did when Saddam Hussein came to power three decades ago, its oil minister said Dec. 9. Supply will also rise in Libya and Nigeria while the U.S. experiences an oil shale bonanza.

“Saudi Arabia’s dilemma is that while it is the key OPEC player willing to cut back oil production in order to sustain prices at desired levels, it is also accommodating Iraq’s rising output and market share,” said Julius Walker, global energy markets strategist at UBS Securities LLC in New York. “Ultimately, there will need to be an agreement between the two as how to balance these ambitions.”