The QE index in Qatar rose 0.8% led by gains in the industrial and transportation sectors. Gulf International Services and Qatar Electricity & Water Co. were the top gainers. Mazaya Qatar Real Estate declined the most. Trading volume fell 15.1% compared to the 30-day average.
In other GCC markets, the indices in Dubai and Abu Dhabi rose while Saudi Arabia, Kuwait, and Bahrain fell marginally. Dana Gas and Gulf International Services were among the top gainers in the region.
Qatar Islamic Bank reported a 16.2% rise in quarterly profit. Qatar Electricity & Water's results were in line with estimates. Masraf Al Ray
The QE index in Qatar declined 1.5% led by losses in the telecom and transportation indices. Widam Food Co. and Gulf Warehousing Co. were the top losers. Qatar National Cement Co. and Ezdan Holding Group were among the top gainers. Trading volume rose 19.5% but was 43.1% lower than the 30-day average. The Qatari economy grew 6.2% YoY in 1Q2014 led by double-digit growth in construction, trade and finance sectors, while the hydrocarbon sector fell 1.2%.
The QSE Index rose 0.9% led by gains in the Industrials and Real Estate indices. Gulf Warehousing Co. and Qatar General Insurance & Reinsurance Co. were the top gainers rising 5.5% and 4.9% respectively, while Ooredoo fell 3.0%. Trading volume rose 4.4% compared to the previous day but was 13.0% lower than the 30-day moving average. In Qatar news, falling oil prices are not expected to affect Qatar's rail projects and retail banking revenue in Qatar outperformed other GCC countries growing 12.5% in 2014.
The QE index in Qatar rose 0.5% led by gains in the telecom and banking indices. Mannai Corp. and Dlala Brokerage were the top gainers rising 6.2% and 4.0% respectively, while Qatar Fuel fell 2.7%. Regional markets were mixed with Saudi and Abu Dhabi rising 0.4% while Kuwait fell 0.2%. Earnings news included a 41.4% rise in profit for National General Insurance in Dubai and 43.5% increase for Emirates Airline.
The QSE Index in Qatar declined slightly, led by losses in the Industrials and Banks indices. Dlala Brokerage and Medicare Group were the top losers. Regional markets were mixed, with Saudi Arabia down but Dubai and Abu Dhabi up marginally. Globally, US and European manufacturing PMIs were mixed while construction spending rose in the US. In Qatar news, the central bank auctioned treasury bills and will protect banks' foreign investments, and UDCD signed a large financing deal with Qatari banks.
The QE index in Qatar rose 0.3% led by gains in the real estate and transportation indices. Dlala Brokerage and Widam Food were the top gainers rising 3.3% and 3.2% respectively, while Ezdan Holding fell 5.6%. Regional indices were mixed with Dubai down 3.1% and Saudi Arabia down 0.2%, while Kuwait rose marginally. Company earnings news and updates on Qatar's real estate market stability and airlines moving to the new airport were also provided.
QNBFS Daily Market Report October 17, 2021QNB Group
The QE Index rose 0.5% to close at 11,663.6. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.9% and 0.6%, respectively.
The QE index in Qatar rose 0.7% led by gains in the real estate and transportation indices. Gulf International Services and Qatar General Ins. & Rein. Co. were the top gainers rising 3.7% each, while Islamic Holding Group fell 0.4%. Regional indices were mixed with Dubai gaining 2.7% and Kuwait declining 0.1%.
The QE index in Qatar declined 1.2% led by losses in the telecom and banking indices. Top losers were Medicare Group and QNB Group. Regional indices were mixed with Saudi Arabia and Bahrain rising while Dubai and Kuwait declined. Globally, US initial jobless claims declined while housing starts rose above estimates. The Qatar Central Bank sent draft Basel III capital rules to banks and Ashghal plans to complete an effluent plant by 4Q2013.
The QE index in Qatar declined 1.5% led by losses in the telecom and transportation indices. Widam Food Co. and Gulf Warehousing Co. were the top losers. Qatar National Cement Co. and Ezdan Holding Group were among the top gainers. Trading volume rose 19.5% but was 43.1% lower than the 30-day average. The Qatari economy grew 6.2% YoY in 1Q2014 led by double-digit growth in construction, trade and finance sectors, while the hydrocarbon sector fell 1.2%.
The QSE Index rose 0.9% led by gains in the Industrials and Real Estate indices. Gulf Warehousing Co. and Qatar General Insurance & Reinsurance Co. were the top gainers rising 5.5% and 4.9% respectively, while Ooredoo fell 3.0%. Trading volume rose 4.4% compared to the previous day but was 13.0% lower than the 30-day moving average. In Qatar news, falling oil prices are not expected to affect Qatar's rail projects and retail banking revenue in Qatar outperformed other GCC countries growing 12.5% in 2014.
The QE index in Qatar rose 0.5% led by gains in the telecom and banking indices. Mannai Corp. and Dlala Brokerage were the top gainers rising 6.2% and 4.0% respectively, while Qatar Fuel fell 2.7%. Regional markets were mixed with Saudi and Abu Dhabi rising 0.4% while Kuwait fell 0.2%. Earnings news included a 41.4% rise in profit for National General Insurance in Dubai and 43.5% increase for Emirates Airline.
The QSE Index in Qatar declined slightly, led by losses in the Industrials and Banks indices. Dlala Brokerage and Medicare Group were the top losers. Regional markets were mixed, with Saudi Arabia down but Dubai and Abu Dhabi up marginally. Globally, US and European manufacturing PMIs were mixed while construction spending rose in the US. In Qatar news, the central bank auctioned treasury bills and will protect banks' foreign investments, and UDCD signed a large financing deal with Qatari banks.
The QE index in Qatar rose 0.3% led by gains in the real estate and transportation indices. Dlala Brokerage and Widam Food were the top gainers rising 3.3% and 3.2% respectively, while Ezdan Holding fell 5.6%. Regional indices were mixed with Dubai down 3.1% and Saudi Arabia down 0.2%, while Kuwait rose marginally. Company earnings news and updates on Qatar's real estate market stability and airlines moving to the new airport were also provided.
QNBFS Daily Market Report October 17, 2021QNB Group
The QE Index rose 0.5% to close at 11,663.6. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.9% and 0.6%, respectively.
The QE index in Qatar rose 0.7% led by gains in the real estate and transportation indices. Gulf International Services and Qatar General Ins. & Rein. Co. were the top gainers rising 3.7% each, while Islamic Holding Group fell 0.4%. Regional indices were mixed with Dubai gaining 2.7% and Kuwait declining 0.1%.
The QE index in Qatar declined 1.2% led by losses in the telecom and banking indices. Top losers were Medicare Group and QNB Group. Regional indices were mixed with Saudi Arabia and Bahrain rising while Dubai and Kuwait declined. Globally, US initial jobless claims declined while housing starts rose above estimates. The Qatar Central Bank sent draft Basel III capital rules to banks and Ashghal plans to complete an effluent plant by 4Q2013.
The QE index in Qatar declined 0.9% led by losses in the insurance and transportation indices. Islamic Holding Group and Qatar General Ins. & Rein. Co. were the top losers. Gulf Warehousing Co. and QNB Group were among the gainers. Regional indices also declined in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. Real estate transactions in Qatar totaled QR467mn last week. Qatar Air expanded operations by introducing new routes to Scandinavia and Chengdu.
The QSE Index in Qatar rose 0.2% led by gains in the real estate and telecom indices. Zad Holding and Barwa Real Estate were the top gainers rising 2.8% and 2.5% respectively. Trading volume fell 7.6% compared to the previous day. In other GCC countries, indices were mixed with Saudi Arabia rising marginally while Dubai and Abu Dhabi fell. Earnings reports were announced for several companies and Qatar Rail signed a deal for driverless trains for Doha Metro.
QNBFS Daily Market Report October 20, 2021QNB Group
The QE Index rose 0.2% to close at 11,767.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.4% each.
The QE index in Qatar declined 0.4% led by losses in the telecom and real estate indices. Ezdan Holding Group and Ooredoo were the top losers falling 3.4% and 3.0% respectively. In other GCC markets, indices in Saudi Arabia and Dubai fell while Abu Dhabi and Kuwait rose marginally. Global economic data showed mixed signals with UK unemployment falling but wages and Spanish home sales rising less than expected.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index in Qatar declined 0.4% led by losses in the Industrials and Banks & Financial Services indices. Mannai Corporation and Industries Qatar were the top losers. In other GCC markets, indexes in Saudi Arabia and Kuwait gained while those in Dubai, Abu Dhabi, Oman and Bahrain gained. Earnings reports from Saudi Kayan Petrochemical and Dr. Sulaiman Al Habib showed increases in revenue and profits. The Commercial Bank of Qatar reported a net profit rise of 217.8% year-over-year to QR804.6mn, beating estimates.
QNBFS Daily Market Report October 12, 2021QNB Group
The QE Index in Qatar rose 0.1% driven by gains in the Insurance and Industrials indices. Gulf International Services and Mannai Corporation were the top gainers. Doha Insurance Group and Ooredoo declined. Trading volume increased 29.1% compared to the previous day. Regional indices were mixed with Abu Dhabi up 0.7% and Saudi Arabia down 0.5%. Several Qatar companies announced earnings release and AGM dates.
The document provides an overview of stock market activity and economic indicators for Qatar and other GCC countries on September 16th. It notes that the QE index in Qatar declined 0.2% led by losses in the real estate and banking sectors. Top gainers included Medicare Group rising 3.5% while top losers were Dlala Brok. & Inv. Holding Co. falling 2.5%. Other GCC markets had mixed performance for the day. The document also provides commentary on recent economic data and forecasts for Qatar, including expectations for GDP growth of 6.5% in 2013 and 6.8% in 2014 driven by infrastructure investment ahead of the 2022 World Cup.
The QSE Index in Qatar gained 0.5% on the day led by the Industrials and Consumer Goods indices. Gulf International Services and Medicare Group were the top gainers rising 3.6% and 3.4% respectively, while Zad Holding Co fell 3.1%. Trading volume fell 23.5% compared to the previous day. In other GCC markets, indices fell except for Kuwait which rose 0.2%. Company earnings and global economic data were also included in the document.
The QE index in Qatar declined 0.2% led by declines in the real estate and transportation indices. United Development Co. and Islamic Holding Group were the top losers falling 4.1% and 3.3% respectively, while Gulf International Services rose 3.5%. Regional indices in Saudi Arabia, Dubai, Abu Dhabi and Kuwait rose, while Oman's index gained 0.3%. News from Qatar included proposals to establish an investment fund with Kazakhstan and requests from Egypt to extend gas payment terms and prices.
The QSE Index fell 0.5% to close at 11,877.4 led by declines in the Telecom and Industrial indices. Widam Food Co. and QNB Group were the top losers, falling 2.3% and 2.1% respectively. Volume of shares traded fell 16.0% from the previous day. The document also provides stock market updates for other GCC countries and company earnings reports.
The QE index in Qatar rose 0.4% led by gains in the Telecom and Banking indices. Islamic Holding Group and QNB Group were the top gainers rising 3.1% and 1.9% respectively, while Qatari Investors Group fell 2.0%. Regional indices were mixed with Abu Dhabi falling 0.1% while Bahrain gained 0.1%. Globally, the ZEW Survey Expectations in Germany rose to 49.6. In Qatar news, MERS and QATI will replace two stocks on the QE Index, while Qatargas signed a 5-year LNG supply deal with Petronas UK.
The QSE Index fell 1.1% led by declines in the Telecom and Real Estate indices. Barwa Real Estate and Qatar Gen. Ins. & Reins. Co. were the top losers, falling 5.0% and 4.5% respectively. In regional markets, Saudi Arabia's TASI index declined the most, falling 3.2%. Qatar's PPI fell 36.2% YoY in May due to lower crude and gas prices. AKHI's net profit declined 76.7% QoQ due to lower investment gains.
QNBFS Daily Market Report August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
The QSE Index declined marginally to close at 10,245.9 led by losses in the Industrials and Telecoms indices. Qatar Industrial Manufacturing Co. and Aamal Co. were the top losers falling 3.3% and 1.9% respectively, while Gulf Warehousing Co. rose 5.2% to be a top gainer. Trading volume fell 42.5% compared to the previous day. Regional indices in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain rose, while Qatari shareholders sold shares despite buying from non-Qatari and GCC investors.
The QE index in Qatar declined 0.3% on the day due to selling pressure from Qatari shareholders despite buying from non-Qatari shareholders. Qatari Investors Group and Widam Food Co. were the top losers, falling over 9% and 4.5% respectively. In other markets, indices were mixed with Abu Dhabi up 0.6% while Dubai fell 0.6%. Regionally, US oil production is expected to rise by 1 million barrels per day this year to record levels. European economic growth is also expected to pick up in 2014 after overcoming the crisis in 2013.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
The QE index in Qatar rose 1.7% led by gains in the banking and financial services and industrials indices. Qatar Islamic Bank and Doha Insurance Co. were the top gainers while Mesaieed Petrochemical Holding Co. declined. Overall trading activity in the region was mixed with indices in Qatar, Dubai and Abu Dhabi rising while Oman and Bahrain declined.
This document provides a framework for the City of Shreveport, Louisiana's Comprehensive Energy Efficiency and Conservation Plan (CEECP). The CEECP will build upon initial investments from the Energy Efficiency and Conservation Strategy to develop a long-term strategy for making Shreveport more energy efficient. It will implement a strategic doing process to empower citizens and align resources around innovation to create jobs, save energy, reduce emissions, and improve quality of life. The CEECP will balance environmental, economic, social, and cultural priorities to maximize benefits according to a quadruple bottom line. It will identify and support local assets through an open network model and fast cycles of strategic doing to guide progress and innovation.
The QE index in Qatar declined 0.9% led by losses in the insurance and transportation indices. Islamic Holding Group and Qatar General Ins. & Rein. Co. were the top losers. Gulf Warehousing Co. and QNB Group were among the gainers. Regional indices also declined in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. Real estate transactions in Qatar totaled QR467mn last week. Qatar Air expanded operations by introducing new routes to Scandinavia and Chengdu.
The QSE Index in Qatar rose 0.2% led by gains in the real estate and telecom indices. Zad Holding and Barwa Real Estate were the top gainers rising 2.8% and 2.5% respectively. Trading volume fell 7.6% compared to the previous day. In other GCC countries, indices were mixed with Saudi Arabia rising marginally while Dubai and Abu Dhabi fell. Earnings reports were announced for several companies and Qatar Rail signed a deal for driverless trains for Doha Metro.
QNBFS Daily Market Report October 20, 2021QNB Group
The QE Index rose 0.2% to close at 11,767.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.4% each.
The QE index in Qatar declined 0.4% led by losses in the telecom and real estate indices. Ezdan Holding Group and Ooredoo were the top losers falling 3.4% and 3.0% respectively. In other GCC markets, indices in Saudi Arabia and Dubai fell while Abu Dhabi and Kuwait rose marginally. Global economic data showed mixed signals with UK unemployment falling but wages and Spanish home sales rising less than expected.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index in Qatar declined 0.4% led by losses in the Industrials and Banks & Financial Services indices. Mannai Corporation and Industries Qatar were the top losers. In other GCC markets, indexes in Saudi Arabia and Kuwait gained while those in Dubai, Abu Dhabi, Oman and Bahrain gained. Earnings reports from Saudi Kayan Petrochemical and Dr. Sulaiman Al Habib showed increases in revenue and profits. The Commercial Bank of Qatar reported a net profit rise of 217.8% year-over-year to QR804.6mn, beating estimates.
QNBFS Daily Market Report October 12, 2021QNB Group
The QE Index in Qatar rose 0.1% driven by gains in the Insurance and Industrials indices. Gulf International Services and Mannai Corporation were the top gainers. Doha Insurance Group and Ooredoo declined. Trading volume increased 29.1% compared to the previous day. Regional indices were mixed with Abu Dhabi up 0.7% and Saudi Arabia down 0.5%. Several Qatar companies announced earnings release and AGM dates.
The document provides an overview of stock market activity and economic indicators for Qatar and other GCC countries on September 16th. It notes that the QE index in Qatar declined 0.2% led by losses in the real estate and banking sectors. Top gainers included Medicare Group rising 3.5% while top losers were Dlala Brok. & Inv. Holding Co. falling 2.5%. Other GCC markets had mixed performance for the day. The document also provides commentary on recent economic data and forecasts for Qatar, including expectations for GDP growth of 6.5% in 2013 and 6.8% in 2014 driven by infrastructure investment ahead of the 2022 World Cup.
The QSE Index in Qatar gained 0.5% on the day led by the Industrials and Consumer Goods indices. Gulf International Services and Medicare Group were the top gainers rising 3.6% and 3.4% respectively, while Zad Holding Co fell 3.1%. Trading volume fell 23.5% compared to the previous day. In other GCC markets, indices fell except for Kuwait which rose 0.2%. Company earnings and global economic data were also included in the document.
The QE index in Qatar declined 0.2% led by declines in the real estate and transportation indices. United Development Co. and Islamic Holding Group were the top losers falling 4.1% and 3.3% respectively, while Gulf International Services rose 3.5%. Regional indices in Saudi Arabia, Dubai, Abu Dhabi and Kuwait rose, while Oman's index gained 0.3%. News from Qatar included proposals to establish an investment fund with Kazakhstan and requests from Egypt to extend gas payment terms and prices.
The QSE Index fell 0.5% to close at 11,877.4 led by declines in the Telecom and Industrial indices. Widam Food Co. and QNB Group were the top losers, falling 2.3% and 2.1% respectively. Volume of shares traded fell 16.0% from the previous day. The document also provides stock market updates for other GCC countries and company earnings reports.
The QE index in Qatar rose 0.4% led by gains in the Telecom and Banking indices. Islamic Holding Group and QNB Group were the top gainers rising 3.1% and 1.9% respectively, while Qatari Investors Group fell 2.0%. Regional indices were mixed with Abu Dhabi falling 0.1% while Bahrain gained 0.1%. Globally, the ZEW Survey Expectations in Germany rose to 49.6. In Qatar news, MERS and QATI will replace two stocks on the QE Index, while Qatargas signed a 5-year LNG supply deal with Petronas UK.
The QSE Index fell 1.1% led by declines in the Telecom and Real Estate indices. Barwa Real Estate and Qatar Gen. Ins. & Reins. Co. were the top losers, falling 5.0% and 4.5% respectively. In regional markets, Saudi Arabia's TASI index declined the most, falling 3.2%. Qatar's PPI fell 36.2% YoY in May due to lower crude and gas prices. AKHI's net profit declined 76.7% QoQ due to lower investment gains.
QNBFS Daily Market Report August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
The QSE Index declined marginally to close at 10,245.9 led by losses in the Industrials and Telecoms indices. Qatar Industrial Manufacturing Co. and Aamal Co. were the top losers falling 3.3% and 1.9% respectively, while Gulf Warehousing Co. rose 5.2% to be a top gainer. Trading volume fell 42.5% compared to the previous day. Regional indices in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain rose, while Qatari shareholders sold shares despite buying from non-Qatari and GCC investors.
The QE index in Qatar declined 0.3% on the day due to selling pressure from Qatari shareholders despite buying from non-Qatari shareholders. Qatari Investors Group and Widam Food Co. were the top losers, falling over 9% and 4.5% respectively. In other markets, indices were mixed with Abu Dhabi up 0.6% while Dubai fell 0.6%. Regionally, US oil production is expected to rise by 1 million barrels per day this year to record levels. European economic growth is also expected to pick up in 2014 after overcoming the crisis in 2013.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
The QE index in Qatar rose 1.7% led by gains in the banking and financial services and industrials indices. Qatar Islamic Bank and Doha Insurance Co. were the top gainers while Mesaieed Petrochemical Holding Co. declined. Overall trading activity in the region was mixed with indices in Qatar, Dubai and Abu Dhabi rising while Oman and Bahrain declined.
This document provides a framework for the City of Shreveport, Louisiana's Comprehensive Energy Efficiency and Conservation Plan (CEECP). The CEECP will build upon initial investments from the Energy Efficiency and Conservation Strategy to develop a long-term strategy for making Shreveport more energy efficient. It will implement a strategic doing process to empower citizens and align resources around innovation to create jobs, save energy, reduce emissions, and improve quality of life. The CEECP will balance environmental, economic, social, and cultural priorities to maximize benefits according to a quadruple bottom line. It will identify and support local assets through an open network model and fast cycles of strategic doing to guide progress and innovation.
5 concepts for becoming a computer science engineerventuresity
The document outlines 5 concepts important for becoming a computer science engineer: 1) computer organization, 2) operating systems, 3) application programming interfaces, 4) database management systems, and 5) programming paradigms. It discusses each concept in detail, explaining key aspects like computer hardware, the role of an operating system kernel, common APIs, relational and other types of databases, and programming paradigms like object-oriented and functional programming. The overall summary is that these 5 fundamental concepts are essential for computer science engineers to understand before beginning to code.
Electronic Health Information- Guide to Privacy & SecurityDr Dev Kambhampati
This document provides a guide to privacy and security of electronic health information. It discusses why privacy and security are important for building patient trust and protecting information integrity. It provides an overview of a practice's responsibilities under HIPAA, including complying with the Privacy Rule, Security Rule, and Breach Notification Rule. It also discusses patients' rights to their health information and the Meaningful Use program's privacy and security requirements. The guide offers a sample seven-step approach to implementing a security management process and discusses breach notification procedures and HIPAA enforcement.
The document provides guidance on standards for unqualified "Made in USA" claims under the Federal Trade Commission's (FTC) enforcement policy.
The key points are:
1. For a product to be called "Made in USA" without qualifications, it must be "all or virtually all" made in the US, meaning it contains negligible foreign content.
2. When making an unqualified claim, companies must have evidence to reasonably substantiate that the product meets the "all or virtually all" standard based on factors like manufacturing location and costs.
3. To determine domestic content percentage, companies should consider the cost of goods sold, including materials, labor, and overhead from US and foreign sources.
The document discusses different methods to quantify how much of the US economy's total production is "Made in America". It finds that in 2012:
- US manufacturers sold $5.6 trillion of goods, of which $4.4 trillion (79%) was considered "Made in the USA" based on value added and domestic sourcing estimates.
- Domestic content accounted for 51 cents of every dollar spent by US consumers and businesses on manufactured goods, ranging from 79 cents per dollar for food/beverages to 7 cents per dollar for apparel.
- Industries with the largest dollar values of American content were food/beverages, chemicals, petroleum products, and motor vehicles/parts.
This document summarizes projections for US crude oil production by type through 2025 from the US Energy Information Administration's Annual Energy Outlook 2015. It finds that recent growth has largely come from light, sweet crude from tight formations, and this trend is projected to continue in the Reference case, with light, sweet crude accounting for 65% of projected production growth between 2013-2020. The pace of growth depends on oil prices and recoverable resource estimates, with higher prices and resources leading to faster growth dominated by light, sweet crude in the High Oil Resource and High Oil Price cases.
Guidelines for Smart Grid Cybersecurity Strategy, Architecture & High Level R...Dr Dev Kambhampati
This document provides guidelines for cybersecurity in the smart grid. It outlines a logical architecture and interfaces for the smart grid, divided into seven domains. It then recommends high-level security requirements in areas such as access control, awareness and training, audit and accountability, and others. The requirements are intended to help organizations develop effective cybersecurity strategies tailored to their smart grid characteristics, risks, and vulnerabilities. The document provides an analytical framework to assess risks and identify appropriate security measures as the electric grid transitions to a more interconnected environment.
Energy sector cybersecurity framework implementation guidance final 01-05-15Dr Dev Kambhampati
This document provides guidance for energy sector organizations to implement the National Institute of Standards and Technology's (NIST) Cybersecurity Framework. It outlines a seven-step approach for organizations to assess their cybersecurity risks and capabilities, create profiles of their current and target security states, determine gaps, and develop action plans. The guidance also discusses how organizations can use the Cybersecurity Capability Maturity Model to further structure their Framework implementation efforts. Overall, the document aims to help energy sector entities operationalize the Framework in a tailored manner according to their unique risk profiles and business needs.
Dr Dev Kambhampati | Doing Business in Qatar - 2014 Country Commercial Guide ...Dr Dev Kambhampati
This document provides an overview and guide for doing business in Qatar. Some key points:
- Qatar has a strong economy driven by oil and gas but is diversifying into other sectors like construction for upcoming 2022 World Cup.
- Opportunities exist in infrastructure, healthcare, education for the growing population and World Cup projects expected to total $220 billion.
- Challenges include foreign ownership limits of 49%, requirements to use local agents, and lack of transparency in government procurement.
- The guide provides advice on market entry strategies like finding reliable local partners and maintaining some independence.
Wireless Medical Infusion Pumps- Medical Device Cybersecurity IssuesDr Dev Kambhampati
This document summarizes a use case about securing wireless medical infusion pumps. It identifies various stakeholders that interact with infusion pumps, such as healthcare providers, patients, and malicious actors. It then describes current security challenges with infusion pumps, including credentialing, access controls, and asset management. Finally, it provides an overview of how to assess security risks to infusion pumps and identify mitigation strategies and technologies to address those risks.
Collaborative Approaches for Medical Device & Healthcare CybersecurityDr Dev Kambhampati
This document provides the agenda for a two-day public workshop on collaborative approaches for medical device and healthcare cybersecurity held on October 21-22, 2014. The workshop was organized by the FDA's Center for Devices and Radiological Health, the Department of Homeland Security's C3 Voluntary Program, and the Department of Health and Human Services' Critical Infrastructure Protection Program. The agenda included keynote speakers, panels on envisioning collaboration, cyberthreat landscape, and cybersecurity gaps and challenges. It featured experts from government, industry, healthcare organizations, and standards bodies to discuss improving medical device and healthcare cybersecurity through collaboration.
Este livro gira em torno duma espécie de viagem cósmica impulsionada à velocidade da luz pela força da palavra. A ideia incomensurável do universo físico está patente neste livro através da persistente alusão aos seus elementos constituintes, com particular acinte na luz solar, fonte e gérmen de vida, nos astros que integram o nosso sistema astronómico (estrelas, cometas, planetas, quasares), assim como nas figuras que compõem o nosso universo mítico, como a fénix, a cobra alada, a pedra filosofal, os grifos das trevas e os cavaleiros do apocalipse, os mitos da Esfinge, de Andrómeda e de Prometeu, enfim toda uma panóplia de aparente fantasia científica, que aqui é tratada e transmitida de forma etérea na volatilidade do verso poético.
The document summarizes Oman's economic development plan called Vision 2020. The plan aims to diversify Oman's economy and reduce dependence on oil revenues through initiatives like strengthening regulations, economic diversification, infrastructure development, human resources training, and promoting sectors like telecommunications, real estate, banking and ports. The Seventh Five-Year Development Plan supports this vision by prioritizing education, healthcare, job creation for citizens and expanding sectors like IT, research and infrastructure projects.
The document summarizes ICS-CERT's activities in fiscal year 2014, including responding to 245 cybersecurity incidents reported across various critical infrastructure sectors. It also details ICS-CERT's coordination of 159 vulnerability reports, with authentication, buffer overflow, and denial-of-service vulnerabilities most common. Over half of incidents involved advanced persistent threats. ICS-CERT conducted briefings and assessments to increase awareness of threats and improve defenses. President Obama later visited NCCIC and proposed new cybersecurity legislation and information sharing initiatives.
The document provides an overview of the Sultanate of Oman, including its location, climate, culture, economy, and way of life. Some key points include:
- Oman is located in the Arabian Peninsula and has a population of approximately 2.5 million people. The capital is Muscat.
- The climate varies by region but is generally hot and humid, especially along the northern coast.
- Islam is the main religion and Arabic is the official language, though English is also widely spoken.
- The economy relies on oil exports and tourism. The currency is the Omani Rial.
- Life in Oman balances modern amenities with traditional Gulf culture. Expats find
This document is the annual report of the Council of Economic Advisers, transmitted to Congress in February 2015. It contains 7 chapters analyzing the state of the U.S. economy. Chapter 1 discusses middle-class economics and the importance of productivity, inequality, and participation. Chapter 2 reviews key economic events of 2014 and provides the near-term and long-term economic outlook. Subsequent chapters cover labor market trends, family-friendly workplace policies, business tax reform, energy policy, and the global economy.
The National Highway Traffic Safety Administration conducted research on cybersecurity best practices across several industries, including information technology, telecommunications, aviation, industrial control systems, energy, medical devices, and automotive. The research found that cybersecurity is best addressed as a life-cycle process including assessment, design, implementation, and operations. It is important to perform risk assessments to identify vulnerabilities in systems and quantify risks. Industries have developed guidelines specific to their needs based on this approach.
Economic well being of US households (2014 Federal Reserve Report)Dr Dev Kambhampati
This document summarizes the key findings of the Federal Reserve Board's 2014 Survey of Household Economics and Decisionmaking. Some of the main findings include:
- 65% of respondents said their families were doing okay or living comfortably financially, up slightly from 62% in 2013.
- 29% expected their income to be higher in the following year compared to 21% in 2013.
- Most renters said they preferred homeownership but couldn't afford the down payment or didn't qualify for a mortgage.
- 43% of homeowners said their home values increased since 2013, while 13% said values decreased.
- 47% of respondents said they couldn't pay or would struggle to pay an unexpected $
The QSE Index in Qatar declined 0.2% due to losses in the Banks & Financial Services and Transportation indices. Gulf Warehousing Co. and Gulf International Services were the top losers, falling 3.1% and 2.6% respectively, while Islamic Holding Group rose 9.9% and Qatar General Insurance and Reinsurance Co. rose 6.2%. Trading volume on the QSE rose by 21.6% compared to the previous day.
QNBFS Daily Market Report November 06, 2019QNB Group
The QE Index rose 1.0% to close at 10,303.7. Gains were led by the Industrials and Banks & Financial Services indices, gaining 1.9% and 1.5%, respectively.
The QE index in Qatar declined 0.5% led by losses in the transportation and telecom sectors. Qatar Navigation and Gulf Warehousing Co. were the top losers. In other markets, indexes in Dubai and Abu Dhabi rose while indexes in Kuwait and Oman declined marginally. Trading activity on the Qatar exchange fell significantly compared to the previous day and 30-day average.
The QE index in Qatar rose 0.4% led by gains in the consumer goods and telecom indices. Qatar General Insurance and Qatar Fuel were the top gainers rising 4.6% and 1.4% respectively. Regional indices were mixed with Saudi Arabia and Dubai rising while Abu Dhabi and Kuwait declined. Earnings news included Alijarah reporting a 33.8% decline in quarterly profit and Mannai Corp profit rising 15%.
The QSE Index rose 0.5% led by gains in the real estate and telecom indices. Barwa Real Estate Co. and Qatar German Co. for Medical Devices were the top gainers rising 3.0% and 1.8% respectively, while Gulf Warehousing Co. fell 5.2%. Regional indices also rose with Saudi Arabia up 0.9% and Abu Dhabi gaining 1.6%. Company earnings news included QIBK reporting a 20% rise in net profit to QR1.6bn for 2014.
The QE index in Qatar rose 1.3% led by gains in the transportation and real estate indices. Al Khalij Commercial Bank and Ezdan Holding Group were the top gainers rising 10.0% and 9.9% respectively. Volume traded fell by 2.7% but was 133.1% higher than the 30-day moving average. Qatar Gas Transport Co. and Vodafone Qatar were the most active stocks. KCBK reported a 28.5% drop in 1Q2014 net profit year-over-year mainly due to lower fees and commissions and muted investment income, despite a 12.4% rise in net interest income. Qatar Gas Transport expanded its LNG fleet through a joint
The QE index in Qatar rose 0.6% led by gains in the transportation and telecom indices. Dlala Brokerage and Qatar General Insurance were the top gainers rising 7.6% and 4.6% respectively, while Zad Holding fell 2.7%. Regional markets were also up with Saudi Arabia and Dubai rising 0.1% and 1.9% respectively. Trading volume on the QE rose 114.2% compared to the previous day.
The QE index in Qatar rose 0.3% led by gains in the telecom and banking indices. Islamic Holding Group and Dlala Brokerage rose the most while Doha Insurance fell the most. Trading volume fell 18.4% for the day. In other GCC markets, Saudi Arabia rose the most while Oman fell. Company earnings and global economic indicators were also included in the document.
- The QE Index in Qatar declined 2.0% due to losses in the Industrials and Banks & Financial Services indices. Mesaieed Petrochemical and Qatari German Company for Medical Devices were the top losers.
- Regional markets in Saudi Arabia, Dubai, Abu Dhabi, and Bahrain saw gains, while the market in Oman declined slightly.
- Trading activity on the Qatari market increased compared to the previous day and 30-day average, with Mesaieed Petrochemical and Ezdan Holding among the most active stocks.
The QE index in Qatar rose 1.8% led by gains in the banking and industrial indices. Vodafone Qatar and Mesaieed Petrochem were the top gainers rising 7.9% and 6.4% respectively, while Zad Holding fell 2.5%. Trading volume on the QE index increased 16% compared to the previous day. Regional indices were mixed with Saudi Arabia and Abu Dhabi rising marginally while Dubai and Bahrain declined. Earnings results were reported from companies in the UAE, Oman, and Bahrain. Global economic data showed mixed results with US retail sales and industrial production missing estimates.
The QE Index in Qatar rose 0.2% led by gains in the Banks & Financial Services and Telecoms indices. Trading volume fell 23.9% compared to the previous day. In other GCC markets, indices declined except in Kuwait where the index rose 0.3%. Earnings reports were mixed with some companies in Oman reporting declines in profits. Global economic data showed declines in industrial production in the EU and a fall in the ZEW survey expectations in Germany.
The QE Index declined 1.4% to close at 10,063.1. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.2% and 0.8%, respectively.
The QE Index rose 0.3% to close at 10,602.9. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.2% and 0.6%, respectively.
The QE Index declined 0.2% to close at 13,590.8. Losses were led by the Real Estate and Transportation indices, falling 0.6% and 0.4%, respectively. Top losers were Masraf Al Rayan and Mannai Corporation, falling 5.2% and 4.8%, respectively.
QNBFS Daily Market Report February 22, 2017QNB Group
The QSE Index rose 0.2% led by gains in the Insurance and Consumer Goods & Services indices. Qatar General Insurance and Al Meera Consumer Goods were the top gainers rising 6.2% and 5.3% respectively. The GCC markets were mostly lower with Saudi Arabia down 0.2% and Dubai down 1.2%. Regional indices were mixed with Qatar up 0.2% and Abu Dhabi up 0.6% while the rest were lower or flat.
The QSE Index rose 0.3% led by gains in the Consumer Goods & Services and Transportation indices. Al Meera Consumer Goods rose 4.6% and Ahli Bank rose 4.2% while Gulf International Services fell 1.3% and Ooredoo fell 1.1%. Regional indices were mixed with Saudi Arabia down 0.1% and Bahrain up 0.4% while Dubai was flat. Earnings news saw profits fall at QGRI 42.6% QoQ and SABB Takaful down 14.7% YoY. QCFS will report financials on August 9th.
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNB Group
The document provides a daily technical analysis of the QE Index and QATAR INSURANCE CO stock. For the QE Index, it notes the index remains in a downtrend but is approaching a support level of 9,700, where long positions could be taken. It provides expected resistance and support levels. For QATAR INSURANCE CO stock, it notes the stock has not fallen as much as others and the uptrend remains intact above moving averages, though liquidity is low. It provides expected price targets and resistance/support levels for the stock. Definitions of technical analysis terms like candlesticks, support, and simple moving average are also included.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
- The QE Index in Qatar rose 0.3% led by gains in the Transportation and Industrials indices. Qatar Navigation and Al Khaleej Takaful Insurance were the top gainers.
- Regional markets were mixed with Saudi Arabia down 1% but Abu Dhabi up marginally. Economic data from the US and Europe was mixed.
- In Qatar news, QR500mn in bills were sold at a yield of 5.755% and Gulf International Services approved final merger agreements. Ooredoo also signed an MoU to support businesses in Qatar free zones.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
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1. Page 1 of 7
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.8% to close at 12,990.4. Gains were led by the Industrials
and Transportation indices, gaining 1.4% and 0.8%, respectively. Top gainers
were Gulf International Services and Qatar Electricity & Water Co., rising 4.8%
and 2.3%, respectively. Among the top losers, Mazaya Qatar Real Estate Dev.
fell 2.1%, while Widam Food Co. declined 1.8%.
GCC Commentary
Saudi Arabia: The TASI index fell marginally to close at 9,808.0. Losses were
led by the Multi-Inv and Petro. Ind. indices, declining 2.0% and 0.9%,
respectively. Al Alamiya fell 4.6%, while SARCO was down 4.3%.
Dubai: The DFM index gained 0.7% to close at 4,610.7. The Insurance index
gained 3.1%, while the Transportation index rose 1.5%. Arab Insurance Group
surged 14.8%, while Dubai Islamic Insurance & Reinsurance Co. was up 6.8%.
Abu Dhabi: The ADX benchmark index rose 1.5% to close at 4,914.2. The
Energy index gained 5.9%, while the Inv. & Fin. Ser. index was up 2.2%. Union
Insurance Co. rose 9.1%, while Dana Gas gained 8.2%.
Kuwait: The KSE index fell 0.3% to close at 7,159.1. The Technology index
declined 1.6%, while the Consumer Services index was down 1.0%. Zima
Holding fell 13.5%, while Pearl of Kuwait Real Estate Co. was down 12.8%.
Oman: The MSM index rose marginally to close at 7,191.9. Gains were led by
the Industrial index rising 0.2%, while the other indices ended in red. Financial
Services gained 7.0%, while Al Anwar Holding was up 4.1%.
Bahrain: The BHB index declined 0.1% to close at 1,461.8. The Services
index fell 0.9%, while Industrial index declined 0.4%. Bahrain
Telecommunication Co. fell 1.6%, while Aluminium Bahrain was down 0.4%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Gulf International Services 109.00 4.8 494.9 123.4
Qatar Electricity & Water Co. 192.30 2.3 86.6 16.3
Qatar Gas Transport Co. 23.08 1.9 2,274.5 14.0
Islamic Holding Group 71.80 1.8 56.2 56.1
Barwa Real Estate Co. 41.50 1.8 739.7 39.3
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Qatar Gas Transport Co. 23.08 1.9 2,274.5 14.0
Masraf Al Rayan 54.50 (0.2) 2,005.3 74.1
Vodafone Qatar 19.30 1.0 1,397.3 80.2
Mazaya Qatar Real Estate Dev. 18.60 (2.1) 1,094.3 66.4
Barwa Real Estate Co. 41.50 1.8 739.7 39.3
Market Indicators 14 Jul 14 13 Jul 14 %Chg.
Value Traded (QR mn) 536.1 554.8 (3.4)
Exch. Market Cap. (QR mn) 703,756.1 700,230.8 0.5
Volume (mn) 12.1 14.2 (15.1)
Number of Transactions 6,354 7,237 (12.2)
Companies Traded 40 42 (4.8)
Market Breadth 21:15 15:22 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 19,375.06 0.8 0.5 30.6 N/A
All Share Index 3,281.19 0.7 0.5 26.8 15.7
Banks 3,149.53 0.6 0.2 28.9 15.6
Industrials 4,364.24 1.4 1.0 24.7 17.0
Transportation 2,267.07 0.8 1.4 22.0 14.6
Real Estate 2,721.19 0.6 (0.5) 39.3 13.6
Insurance 3,650.36 0.5 2.6 56.3 9.5
Telecoms 1,629.88 (0.2) (1.3) 12.1 22.5
Consumer 6,897.78 0.3 0.6 16.0 27.1
Al Rayan Islamic Index 4,316.60 0.3 (0.2) 42.2 18.7
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Saudi Dairy & Food. Saudi Arabia 114.25 9.9 144.4 32.5
Dana Gas Abu Dhabi 0.79 8.2 121,750.5 (13.2)
Gulf Int. Services Qatar 109.00 4.8 494.9 123.4
Nat. Bank of Abu Dhabi Abu Dhabi 15.10 4.1 1,183.3 19.5
Qassim Cement Saudi Arabia 102.08 3.2 393.4 14.1
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
IFA Hotels & Resorts Kuwait 0.18 (5.3) 2.2 (37.5)
Sharjah Islamic Bank Abu Dhabi 1.80 (5.3) 520.0 16.9
Abu Dhabi Nat. Hotels Abu Dhabi 3.02 (4.1) 13.0 (2.6)
Yanbu Nat. Petrochem. Saudi Arabia 68.76 (3.5) 1,806.9 (6.8)
Investbank Abu Dhabi 2.81 (3.1) 50.0 14.9
Source: Bloomberg (
#
in Local Currency) (
##
GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Qatar Exchange Top Losers Close* 1D% Vol. ‘000 YTD%
Mazaya Qatar Real Estate Dev. 18.60 (2.1) 1,094.3 66.4
Widam Food Co. 55.00 (1.8) 17.3 6.4
Gulf Warehousing Co. 51.20 (1.5) 1.1 23.4
Al Khaleej Takaful Group 44.50 (1.1) 225.8 58.5
United Development Co. 25.15 (1.0) 186.4 16.8
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Masraf Al Rayan 54.50 (0.2) 110,130.0 74.1
Gulf International Services 109.00 4.8 53,282.2 123.4
Qatar Gas Transport Co. 23.08 1.9 52,271.6 14.0
Barwa Real Estate Co. 41.50 1.8 30,547.0 39.3
Vodafone Qatar 19.30 1.0 27,044.7 80.2
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 12,990.40 0.8 0.5 13.1 25.2 147.26 193,321.8 16.2 2.2 3.9
Dubai 4,610.67 0.7 0.8 16.9 36.8 246.78 89,476.0 24.8 1.8 2.3
Abu Dhabi 4,914.23 1.5 1.4 8.0 14.5 105.50 136,435.3 14.5 1.8 3.4
Saudi Arabia 9,808.04 (0.0) 0.0 3.1 14.9 1,758.64 533,982.9 19.4 2.4 2.9
Kuwait 7,159.11 (0.3) 1.2 2.7 (5.2) 74.98 112,172.3 17.0 1.1 3.9
Oman 7,191.85 0.0 0.0 2.6 5.2 17.60 26,505.0 12.5 1.7 3.9
Bahrain 1,461.83 (0.1) 1.4 2.4 17.1 2.44 54,032.1 11.5 1.0 4.7
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
12,800
12,900
13,000
13,100
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 7
Qatar Market Commentary
The QE index rose 0.8% to close at 12,990.4. The Industrials
and Transportation indices led the gains. The index rose on the
back of buying support from non-Qatari shareholders despite
selling pressure from Qatari shareholders.
Gulf International Services and Qatar Electricity & Water Co.
were the top gainers, rising 4.8% and 2.3% respectively. Among
the top losers, Mazaya Qatar Real Estate Dev. fell 2.1%, while
Widam Food Co. declined 1.8%.
Volume of shares traded on Monday fell by 15.1% to 12.1mn
from 14.2mn on Sunday. Further, as compared to the 30-day
moving average of 16.9mn, volume for the day was 28.6% lower.
Qatar Gas Transport Co. and Masraf Al Rayan were the most
active stocks, contributing 18.9% and 16.6% to the total volume
respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings, Earnings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Doha Insurance Co.
(DOHI)
S&P Qatar FSR/LT LIC BBB+/BBB+ A-/A- Stable –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC –
Local Currency, LIC – Local Issuer Credit))
Earnings Releases
Company Market Currency
Revenue
(mn)2Q2014
% Change
YoY
Operating Profit
(mn) 2Q2014
% Change
YoY
Net Profit (mn)
2Q2014
% Change
YoY
Saudi Cement Co. (SCC) Saudi SR – – 296.0 -6.3% 288.0 -6.2%
Saudi Ceramic Co. Saudi SR – – 78.9 -12.3% 84.1 2.3%
Arriyadh Development Co.
(ADCO)
Saudi SR – – 47.0 -4.4% 47.0 -3.4%
Halwani Bros Co. Saudi SR – – 36.5 16.6% 23.1 5.5%
Saudi Hotels & Resort Areas
Co. (SHARCO)
Saudi SR – – 33.9 0.3% 47.0 29.0%
Herfy Food Services Co. Saudi SR – – 53.3 5.4% 52.4 2.3%
Omani Euro Foods
Industries (OEFI)**
Oman OMR 1.0 -3.1% – – -0.1 NA
Oman Refreshment Co.
(ORC)*
Oman OMR 35.1 4.1% – – 4.7 1.1%
Source: Company data, DFM, ADX, MSM (* 1H2014 results, ** FY2014 results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/14 EU Eurostat Industrial Production SA MoM May -1.10% -1.20% 0.70%
07/14 EU Eurostat Industrial Production WDA YoY May 0.50% 0.50% 1.40%
07/14 Italy Banca D'Italia General Government Debt May 2166.3B – 2146.4B
07/14 Japan METI Industrial Production MoM May 0.70% – 0.70%
07/14 Japan METI Industrial Production YoY May 1.00% – 1.00%
07/14 Japan METI Capacity Utilization MoM May -0.70% – -2.20%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 60.79% 71.40% (56,935,207.60)
Non-Qatari 39.22% 28.60% 56,935,207.60
3. Page 3 of 7
News
Qatar
QIBK reports net profit of QR389.6mn in 2Q2014, up 16.2%
QoQ – Qatar Islamic Bank (QIBK) reported a net profit of
QR389.6mn during 2Q2014 vs. QR338.9mn in the same period
a year ago, reflecting an increase of 16.2% QoQ (+15.0% YoY).
2Q2014 net income beat BBG consensus estimate of
QR351.6mn (Reuters QR348.8mn). Total assets of the bank
stood at QR89.1bn, up 15% YTD. Financing activities have
significantly increased to reach QR54.5bn having grown by 16%
YTD. Customer deposits of the bank have moved up to
QR61.3bn, registering a strong growth of 22% YTD. Total
income for the 1H2014 amounted to QR1.8bn, up by 18% as
compared to 1H2013. Income from financing activities was the
primary growth driver at QR1.2bn for the 1H2014, representing
an increase of 23% as compared to 1H2013. Net commission
and fees income also registered a strong growth of 42% YoY to
reach QR191mn for the period ended June 2014. QIBK was
able to manage the ratio of non-performing financing assets to
gross financing assets at 0.9% as compared to 1.5% in June
2013. QIBK’s coverage ratio reached 97.2% as of June 2014
compared to 85.5% in June 2013. (Peninsula Qatar)
QEWS reports in-line 2Q2014 results – Reported net income
for the June quarter came in at QR417mn (+39% QoQ, -4%
YoY), just 2.1% above our estimate of QR408mn. Reuters
consensus was at QR423mn but with wide divergences in the
other estimates (QR389mn and QR471mn). Reported revenue
was slightly lower than our estimate at QR779mn as water sales
were softer than our model. We maintain our Accumulate rating
and price target of QR214.90. Our price target promises upside
of around 12%. (QE, QNBFS)
MARK will be suspended from trading today – Based on the
instructions from Qatar Financial Markets Authority (QFMA),
Masraf Al Rayan (MARK) will be suspended from today (15 July,
2014) until the information related to the sale of its equity stake
in Seef Lusail Real Estate Development Company has been
completed. (QE)
QFCA amends tax rules, offers new incentive, tax relief –
The Qatar Financial Centre Authority (QFCA) has introduced
innovative amendments to its existing tax regulations and tax
rules. The QFCA announced that the amendments offers a
unique incentive in respect of using tax loss and new areas of
tax relief, particularly providing an opportunity for Qatari-owned
entities to opt for a zero tax rate to apply to their operations in
the QFC. The amendments will help Qatari-owned entities
investing in Qatar to opt for the zero tax rate on their operations
conducted from the QFC. It will also help them to invest
overseas by introducing advantageous changes to the taxation
of structures – for example, Holding Companies and Special
Purpose Companies established in the QFC. Such structures
previously could only be set up abroad but these latest changes
to the QFC Tax Regulations and Rules encourage their
formation. The tax regulations, which originally came into force
in 2010, provide for the imposition, administration and collection
of tax in accordance with Article 17 of the QFC Law in relation to
QFC Entities. (Peninsula Qatar)
Real estate deals stood at QR3.9bn between June 1-26 –
Real estate transactions across the seven municipalities in
Qatar stood at QR3.9bn between June 1 and June 26.
According to Century 21, these were spread across 627 real
estate transactions, registering QR6.3mn average value per
single deal. The average weekly transaction value stood at
QR0.9bn as against the average 156 transactions. The total
number of transaction deals reached 627 in June with vacant
plots registering the highest number of transactions reaching
446 deals, followed by villas which registered 159 transactions.
The vacant plots maintained the highest value of transaction as
compared to the other real estate asset groups, recording
QR2.4bn, which was an equivalent of 61% in the month of June.
(Gulf-Times.com)
Increasing rent adds to rising prices – According to the
Ministry of Development Planning & Statistics (MDPS) figures,
house rents rose 7.4% YoY last June, taking the rate of inflation
in the country to 2.8%. The MDPS said that rental charges of
residential buildings were particularly going up. Rent is clubbed
with fuel and energy in the Consumer Price Index (CPI) basket
and the three together have the highest weight (32.2%) in it.
After rent, the expenditure head that saw the maximum price
rise in a year (4.9%) until June comprised furniture, textiles and
home appliances. Transport and communications became 1.4%
more expensive, while entertainment and recreation rose 1.2%,
and those of garments and footwear, 1.1%. Healthcare, on the
other hand, did not witness a sharp price rise and became
costlier by a merely 0.6% YoY. As an expenditure head,
healthcare has the least weight (2%) in the CPI basket. Food
prices declined 0.6% in the period (from June 2013 to June
2014). Food, incidentally, is clubbed with beverages and
tobacco in the CPI basket and they together have a weight of
13.2% in the CPI basket. (Peninsula Qatar)
BRES obtains NOC from QFMA for BCA transaction –
Following the announcement by Barwa Real Estate Company
(BRES) regarding the execution of share sale and purchase
agreement between BRES and Labregah Real Estate Company
in relation to the sale of 95% of the share capital of Barwa
Commercial Avenue Company (BCA), BRES has fulfilled the
necessary requirements and obtained a NOC from the Qatar
Financial Markets Authority (QFMA) in relation to the
transaction. (QE)
SEC plans world-class education city in Lusail – The
Supreme Education Council (SEC) has announced that the
Lusail City will be home to a full range of schools with world-
class features. The SEC is working with the Lusail Real Estate
Development Company (LREDC) to implement the Lusail City
Education Infrastructure Excellence (EIE) program. The city will
include a full range of schools with world-class features that will
be disclosed in the coming stages. The SEC also revealed that
there were plans in co-operation with Qatar’s top real estate
developers to allocate land zones for establishing new schools
and kindergartens. Accordingly, a joint commission between the
SEC and LREDC was formed to support Qatar National Vision
2030 and the Education and Training Sector Strategy (ETSS) by
implementing the EIE program. The SEC also revealed that the
main developer “LREDC” will call for tenders on a number of
school-planned lots in further stages. The first stage recorded
tender operations on seven private schools including two
kindergartens, and five independent schools including two
kindergartens. The sites will be delivered by the end of 2014 for
development pending their official launch and operation by
2018. (Gulf-Times.com)
Reuters: Qatar overseas M&As at 46% of Mideast deals –
According a report by Thomson Reuters, Qatar’s overseas
acquisitions accounted for 46% of Middle Eastern mergers and
acquisitions (M&A) activities in 1H2014. The largest deal during
1H2014 was Labregah Real Estate Company’s purchase of a
$2.5bn stake in Barwa Commercial Avenue Company. Boosted
by this deal, real estate was the most targeted sector,
accounting for 29% of 1H2014 activities. Bank of America Merrill
Lynch topped 1H2014 and announced the Middle Eastern
4. Page 4 of 7
involvement of M&A league table of $4bn. The value of
announced M&A transactions with any Middle Eastern
involvement reached $14bn during 2Q2014, two-and-a-half
times the value registered during the previous quarter and the
highest quarterly total since 1Q2011. Thomson Reuters’
Managing Director, for Middle East and North Africa, Nadim
Najjar said that Middle Eastern equity and equity-related
issuance during 1H2014 totaled $2.9bn, reflecting a 6%
increase in activities from 1H2013 ($2.8bn). Middle Eastern debt
issuance reached $18bn during 2Q2014, the all-time highest
quarterly total recorded in the region. On investment banking
fees, Najjar pointed out that despite the quarterly uptick, fees
earned during 1H2014 registered a 19% decline from the same
period in 2013 to $375.9mn. Fees from completed M&A
transactions totaled $110.9mn during 1H2014, up 3% from
1H2013, and accounted for 29% of this year’s overall Middle
Eastern fee pool. (Peninsula Qatar)
International
Citi profit falls, hurt by $7bn legal settlement – Citigroup Inc.
said that its quarterly earnings fell 96%, hurt largely by a $7bn
mortgage settlement, but also by declining income in most of its
main businesses including stock trading and retail banking.
There were bright spots in the results, including better-than-
expected stock and bond trading results, which helped the bank
post adjusted earnings that beat the average analyst estimate.
Citigroup shares rose 3.7% to $48.74. While the trading results
topped expectations, revenue from stock and bond trading
declined. The profit for Citigroup's main businesses, known as
Citicorp, fell 23% in the second quarter, as revenue slid 8% and
expenses rose 4%. The results underscored how much work
CEO Michael Corbat still has to do to fix the third-largest US
bank, which has been struggling to contain its costs for more
than a decade. Net income to common shareholders totaled
$80mn, or 3 cents a share as compared to $4.09bn, or $1.34 a
share, in the same quarter last year. Excluding the bank's $7
billion settlement with the U.S. government as well as
accounting adjustments to trading results that reflected the
changing market value of the bank's debt, Citi posted earnings
of $1.24 per share. That compared with the average analyst
estimate of $1.05 a share, according to Thomson Reuters. The
bank's settlement with the US government over shoddy
mortgages resulted in a $3.8 billion charge, before taxes.
(Reuters)
Eurozone industry stumbles in May, recovery still frail –
Eurozone industrial production dropped sharply in May with only
the energy sector thriving, another sign that the bloc's economic
recovery remains fragile. Data from the European Union's
statistics office Eurostat showed the output in the 18 countries
sharing the Euro dropped 1.1% in the month in May, following a
0.7% rise in April. That was still less than the 1.2% monthly fall
forecast in a Reuters poll. Compared with the same period in
2013, the factory gate output grew by 0.5%, in line with market
expectations, after a 1.4% rise in April. The MoM decline was
led by a 2.4% fall in production of intermediate goods such as
parts used for cars. There was a 2.2% drop in the production of
non-durable items such as food or cosmetics. The energy sector
was the only one to grow, showing a 3% increase after
recording a 1.2% growth in April. (Reuters)
IMF warns further shocks would stall Eurozone recovery –
The International Monetary Fund (IMF) warned any new shocks
could halt the Eurozone's economic recovery, spoil improving
market sentiment and eventually tip the region into deflation.
The Eurozone economy has been growing for a year, but its
expansion remains too weak to compensate for the preceding
two-year recession across the 18 countries that share the Euro.
Nor can it yet make inroads into record-high unemployment. The
Fund wrote in a regular report that, with limited policy space in
the near term, further negative shocks - either domestic or
external - could sour the financial market sentiment, halt
recovery, and push the economy into lower inflation and even
deflation. The last week’s news of irregularities at a web of
family-held holding companies behind Portugal's largest listed
bank, Banco Espirito Santo, pushed up borrowing costs for
some Eurozone countries and revived memories of the region's
debt crisis. The IMF said the Eurozone's recovery remained too
weak after the efforts of member governments to reform, the
European Central Bank's action to spur growth, and a clean-up
of the financial sector. A report showed Euro zone industrial
production dropped in May, underscoring the fragile recovery.
The IMF urged the Eurozone to support economic demand,
complete a reform of the banking sector known as banking
union and advance structural reforms. (Reuters)
BRC: UK retail sales growth slows sharply in June – British
retail sales growth slowed in June to one of its weakest rates in
three years, possibly in response to fears of higher interest
rates, industry figures showed, adding to the recent lackluster
economic data. The British Retail Consortium (BRC) said total
retail spending in June was just 0.6% higher than a year before,
the lowest growth rate since May 2011 if annual volatility caused
by the timing of Easter is excluded. Consumer spending has
been a major driver of Britain's unexpectedly strong economic
recovery over the past year, but in May the Bank of England
said it expected the rate of growth to fall slightly in the second
half of 2014. The industrial output and the construction sector
were weak in May, while services activity growth slowed to a
four-month low in June. The BRC said the second-quarter sales
growth was robust overall, rising by 2.6%, the fastest growth
rate for a calendar quarter since the third quarter of last year.
But the figures were flattered by Easter falling in the second
quarter this year and the first quarter in 2013, and spending
growth slowed toward the end of the quarter, after chalking up
an annual growth of 2.0% in May. (Reuters)
BOJ to stick to recovery scenario despite tax hike impact –
The Bank of Japan (BOJ) is set to maintain its stimulus program
and its projection that inflation will approach its 2% target next
year, unfazed by recent data casting doubts over its scenario of
an investment-led economic recovery. The central bank may
slightly cut its economic growth projection for the current fiscal
year to March 2015 as exports remain weak and household
spending tumbled more than expected after a sales tax hike in
April. But the BOJ's nine-member board is likely to roughly
maintain its optimistic inflation projections and stick to its view
the world's third-largest economy will continue a moderate
recovery as the pain from the tax hike subsides. With no major
changes in the broad economic outlook, the BOJ is set to
maintain its policy framework, under which it has pledged to
increase base money by 60-70tn Yen per year via aggressive
asset purchases, largely Japanese government bonds. The BOJ
has stood pat on policy since unleashing an intense burst of
stimulus in April last year, when it pledged to pull Japan out of
chronic deflation and accelerate consumer inflation to 2% in
roughly two years. (Reuters)
China June fiscal spending jumps 26.1% YoY as Beijing
spurs flagging economy – China's fiscal expenditure surged
26.1% in June from a year earlier to 1.65tn Yuan, reflecting the
government efforts to speed up spending to shore up the
economy. Spending growth accelerated from a rise of 24.6% in
May. The finance ministry said, of the total 6.9tn Yuan of
government spending in the first six months, money disbursed
on public housing projects grew the most, surging 30.2% from a
5. Page 5 of 7
year ago to 201.9bn Yuan. Expenditure on medical and
healthcare sectors rose 18.4% in the first half to 490.5bn Yuan,
while spending on rural-urban community projects grew 23.6%
to 618bn Yuan. The finance ministry had earlier urged local
governments to quicken the pace of budget allocation to
guarantee the completion of key projects and lift the slowing
economy. Recent data and activity surveys have pointed to
some signs of stabilization in the economy as a raft of
government stimulus measures kick in, but many economists
believe more policy support still may be needed if Beijing wants
to deliver on its 2014 economic growth target of around 7.5%.
(Reuters)
Regional
UNCTAD: Mideast FDI increases 65% in 2013; Brazil eyes
growth opportunities – According to United Nations
Conference on Trade and Development (UNCTAD) World
Investment Report 2014, Brazil is increasingly viewing the
Middle East as a source of investments. The Middle East’s
foreign direct investment (FDI) increased by 65% in 2013 as
compared to 2012, driven by increasing flows from the Gulf
Cooperation Council (GCC) states. The FDI flows are resources
put into the economy’s productive sectors. According to the
report, the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait and
Oman have a high level of foreign exchange reserves,
especially in their oil & gas industries. Qatar and Kuwait topped
the GCC states in terms of investments abroad. The FDI flows
to the UAE went up by 9% to reach AED10.5bn, making it the
second highest FDI recipient in the region last year after Turkey.
(Bloomberg)
Reuters: UAE most active ME debt capital market in 1H2014
– According to Thomson Reuters' quarterly investment banking
analysis for the Middle East (Mideast), the UAE was the most
active nation in the Mideast during 1H2014 in terms of debt
capital market activities, accounting for 55% of the activities,
followed by Saudi Arabia with 28%. Dragged down by a slow
1Q2014, bonds issued in the Mideast during 1H2014 fell 16%
from the same period last year, to $22bn. Investment grade
corporate debt totaled $16.4bn and accounted for 90% of the
first half total. International Islamic debt issuance declined 17%
YoY to reach $14.1bn, the lowest first half total since 2011.
HSBC took the top spot in the Mideast bond ranking during
1H2014 with 14% market share. Mideast investment banking
fees reached $237.9mn during 2Q2014, a 72% increase from
1Q2014. The value of announced M&A (merger and acquisition)
transactions with any Middle Eastern involvement reached
$14bn in 2Q2014, 2.5 times the value registered during the
previous quarter and the highest quarterly total since 1Q2011.
(Bloomberg)
EY: May was good month for MENA hospitality industry –
Ernst & Young (EY) said that the MENA region’s hospitality
industry remained largely stable in May 2014, despite small
declines in a few markets, adding however that the industry is
expected to see a slowdown in the summer months, as it does
every year. In May 2014, Dubai’s hospitality market witnessed a
slight drop, with overall average occupancy decreasing by
approximately 3.2% percentage points (pp) over last year. This
was coupled with a slight drop in ADR of 1.2% and decrease in
revenue per available room (RevPAR) by 2.5%. This is mainly
due to the additional supply of over 3,400 new branded hotel
rooms, all within 4 and 5 star hotel segments which have been
added to Dubai’s hotel supply over the past year. May 2014
performance slowed in comparison with April, which is in line
with the city’s typical summer season. Occupancy fell by
approximately 5.0% MoM, while average room rates decreased
from $327 in April 2014 to $244 in May 2014. (Bloomberg)
SABB/HSBC EMI: Saudi non-oil private sector output
surges to 26-month high – According to the SABB/HSBC
Emerging Markets Index (EMI), the global emerging markets
registered stronger output growth in June 2014. The EMI posted
52.3, up from 50.6 in May, signaling the sharpest rate of
expansion since March 2013. The pick-up in output growth was
reflected in both manufacturing and services, most notably the
latter where activity growth hit a 15-month high. June 2014 data
signaled the continued expansion of the Saudi Arabian non-oil
private sector, with output growth quickening to a 26-month
high. New business from abroad also improved, albeit at a
slower pace than the total new orders. Data also indicated the
sharpest rise in input buying since the survey began in August
2009. (GulfBase.com)
ACCBC acquires majority stake in Lebanon-based National
Beverage – Aujan Coca-Cola Beverages Company (ACCBC)
has acquired a majority stake in National Beverage Company, a
manufacturer and distributor of Coca-Cola and Pampa products
in Lebanon. ACCBC acquired the stake from Transmed, a
consumer products distributor, which will retain a holding in
NBC. ACCBC is a venture between Coca-Cola Company and
Saudi's Aujan Industries. (Reuters)
Saudi CMA announces listing & trading of Al Hammadi –
Saudi Capital Market Authority (CMA) announced the listing and
trading of Al Hammadi Company for Development & Investment
on July 15, 2014 within the retail sector with the symbol 4007,
with a fluctuation limit of 10%. (Tadawul)
Almarai awards contract to WABCO – US-based WABCO
Holdings’ wholly-owned subsidiary, Transics International has
signed a contract with Saudi-based Almarai Company. Transics
will equip Almarai’s entire long-haul vehicle fleet of more than
1,300 trucks with its fleet management system, thereby helping
the food company to further enhance its fleet’s safety and
operational efficiency. Starting in August, Transics will upgrade
Almarai’s trucks for efficient truck, driver, trailer and cargo
management and expects to furnish Almarai’s entire fleet of
long-haul trucks by 2Q2015. (Bloomberg)
Kenya keen to boost trade ties with UAE – The trade
relationship between Kenya and UAE will be further boosted as
both countries seek to open new business avenues that will
propel economic growth. Stronger trade ties will help the UAE
and the regional business community to tap into Kenya, which is
seen as East Africa’s regional trade and finance hub. With
bilateral trade between Kenya and the UAE reaching close to
$1bn in 2012, there is enough potential to boost trade between
the two sides. (GulfBase.com)
Abraaj Group mulls bid for Egypt’s Amoun Pharma –
According to sources, Abraaj Group is considering a bid for
Egypt-based drugmaker Amoun Pharmaceutical Company.
Abraaj has held initial talks with Amoun ahead of a potential bid,
which may value the business at $700mn to $800mn. Amoun’s
shareholders had hired Jefferies Group to explore a potential
sale. The company’s owners include emerging market-focused
private equity arms of Capital Group, New York-based Concord
International Investments, and the Rohatyn Group. (Bloomberg)
Dubai Trade signs agreement with RSA Insurance – Dubai
Trade and RSA Insurance have signed an agreement to join
Tradeshield, the online cargo insurance platform. Under the
terms of the agreement, RSA has been integrated with Dubai
Trade’s insurance platform to provide its e-Cargo insurance
services to the trade and logistics community & contribute
toward making it simpler & convenient for Tradeshield
customers to choose leading insurance providers for online
cargo insurance. (GulfBase.com)
6. Page 6 of 7
DSI EGM approves capital increase – Drake & Scull
International’s (DSI) EGM has approved the capital increase by
issuing AED10mn convertible bonds at an issue price of AED1
for the employees share option plan noting that the company will
not collect the amount of the shares and the shares will be
considered as compensation and bonuses for the employees.
Additionally, the company also approved the capital increase by
issuing AED55mn convertible bonds in order to enter strategic
partner where the conversion price is the market price for the
shares at the date of conversion and the conversion price
should not be in any way less than the nominal value of the
share, and to authorize the company's board of directors to
negotiate the terms and conditions of the convertible bonds to
approve and execute the same. (DFM)
Emirates Airline signs $13bn service agreement with GE –
Emirates Airline has signed a 12-year agreement with US-based
General Electric (GE) for the maintenance, repair and overhaul
of its new GE9X engines. The $13bn engine order will power the
150 Boeing 777X jets that Emirates is buying from Boeing
Company for $56bn. The order is GE Aviation's largest
commercial jet engine contract from an airline. (Reuters)
Etihad to launch daily service between Delhi and San
Francisco – Etihad Airways will expand its reach in India as it
launches a daily flight from New Delhi to San Francisco from
November 18, 2014. Etihad is bullish about the new Abu Dhabi-
San Francisco route due to a 250,000 strong Indian community
living in the San Francisco Bay area. (Bloomberg)
FGB becomes first UAE bank to be set up in South Korea –
First Gulf Bank (FGB) has set up a new representative office in
Seoul, South Korea. The Seoul office will work toward
supporting the existing FGB clients’ operations which also have
a presence in Korea, in addition to providing services to Korean
investors and companies that are active in the UAE, GCC and
across Asia. Following the expansion, FGB becomes first UAE
bank to be set up in South Korea. (Bloomberg)
SDC signs agreement with OPWP for expansion of IWP –
Sharqiyah Desalination Company (SDC) has entered into an
amended & restated water purchase agreement and an interim
agreement with Oman Power & Water Procurement Company
(OPWP) for the expansion of its existing water desalination
capacity of 10.6mn imperial gallons per day (MIGD) seawater
reverse osmosis plant. The expansion project is an independent
water project (IWP) to be developed on a BOO (Build, Own,
Operate) basis and will be located at Sur, approximately 160
kilometers south west of Muscat, and will be constructed
adjacent to SDC’s existing plant & will benefit from its synergies.
SDC will obtain the approval of the shareholders and project
financiers to take the water expansion project forward. (MSM)
Al Anwar wins legal battle against Addax Bank – Al Anwar
Holding announced that the GCC Arbitration Center has
delivered their judgment in favor of Al Anwar International
Investments (AAII), a wholly-owned subsidiary of Al Anwar,
about the ongoing legal case with Addax Bank regarding the
investment made in the bank. According to the judgment, the
share sale transaction with Addax Bank entered in June 14,
2009 has been annulled. Addax Bank has been directed to
refund the full investment of $4.67mn and AAII has been
directed to return 3,111,111 shares in Addax Bank. (MSM)
NBO, SEZAD sign MoU – National Bank of Oman (NBO) has
signed a MoU with Special Economic Zone Authority at Duqm
(SEZAD) to provide financial support to potential investors at
SEZAD. As per the terms of the MoU, SEZAD will present the
schemes and offers provided by NBO to potential investors at
SEZAD. The agreement is part of SEZAD’s efforts to attract
more investors to the region. SEZAD is expected to sign similar
MoUs with other local banks to provide much-needed financial
support to investors and SMEs in particular, that are setting up
their businesses at SEZAD. The MoU provides the framework
for cooperation between SEZAD and NBO to facilitate project
financing and implementation in Duqm. (Bloomberg)
SDO signs pact to support ESO initiatives – Shell
Development Oman (SDO) has signed two sponsorship
agreements with the Environment Society of Oman (ESO). The
agreements will enable ESO to hold a regional environment
competition for Omani students as well as conduct a research
study about the Egyptian vulture in Oman. As part of the first
agreement, SDO will sponsor an environment-focused
competition for Oman’s youth. The regional event will target
students across a range of colleges and will encourage
participants to openly discuss environmental issues. As part of
the second agreement, SDO will sponsor a study about the
Egyptian vulture, a species known to be located in several
regions of Oman. (GulfBase.com)
Bank Sohar’s 2Q2014 net profit jumps 35% to OMR16.2mn –
Bank Sohar reported a net profit of OMR16.2mn for 2Q2014 as
compared to OMR12mn for 2Q2013, reflecting an increase of
35%. The bank’s total assets stood at OMR1.9bn at the end of
June 2014 as against OMR1.7bn at the end of June 2013. Net
loans & advances grew 16.5% to reach OMR1.37bn, while
customer deposits increased by 8.1% to reach OMR1.35bn.
(MSM)
Alba seeks to boost customer base in Asia – Aluminum
Bahrain Company’s (Alba) participation in Aluminum China 2014
will provide an ideal platform to promote the company globally
and expand its customer base across Asia. Aluminum China is
considered Asia's leading aluminum industry trade fair, and has
attracted over 450 international exhibitors and key decision-
makers from 30 countries, encompassing the entire spectrum of
the aluminum value chain and also witnessed more than 63,000
visitors on the opening day of the exhibition. (GulfBase.com)
GFH clarifies shareholders about Dubailand agreement –
Gulf Finance House (GFH) has made clarifications to its
shareholders and the markets on its earlier notification regarding
the agreement with Dubailand. GFH said that the deal is to
acquire a plot of 1.2mn square feet valued at $30mn. The
development will take place over a five-year period, and work is
expected to start within a span of six months. (Bahrain
Bourse,DFM)
Bahrain Bourse launches new trading platform, X-stream –
Bahrain Bourse (BHB) has launched its new trading platform (X-
stream), one of the most developed and widely used platforms
by stock exchanges worldwide, in presence of Minister of
Finance and Minister in Charge of Oil & Gas Affairs. The
technology of the new platform will enable investors to trade in
derivatives, options, future options, and other instruments. The
platform will also enable rapid execution and settlement of
transactions at the bourse and enhance transparency. It will also
enhance the BHB’s capabilities to open up a new trading market
for investors to trade in more investment instruments besides
the shares, bonds and Sukuk. (Bahrain Bourse)
7. Contacts
Saugata Sarkar Abdullah Amin, CFA Shahan Keushgerian
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6569 Tel: (+974) 4476 6509
saugata.sarkar@qnbfs.com.qa abdullah.amin@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
Sahbi Kasraoui Ahmed Al-Khoudary QNB Financial Services SPC
Manager – HNWI Head of Sales Trading – Institutional Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6544 Tel: (+974) 4476 6548 PO Box 24025
sahbi.alkasraoui@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange; QNB is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an
offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential
investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be
reliable, we have not independently verified such information and it may not be accurate or complete. While this publication has been prepared with the utmost degree of care by our analysts,
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Page 7 of 7
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg (*Market Closed on 14 July 2014) Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
160.0
170.0
180.0
190.0
200.0
210.0
Jul-10 Jul-11 Jul-12 Jul-13 Jul-14
QE Index S&P Pan Arab S&P GCC
(0.0%)
0.8%
(0.3%)
(0.1%)
0.0%
1.5%
0.7%
(0.6%)
0.0%
0.6%
1.2%
1.8%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,307.11 (2.4) (2.4) 8.4 DJ Industrial 17,055.42 0.7 0.7 2.9
Silver/Ounce 20.91 (2.5) (2.5) 7.4 S&P 500 1,977.10 0.5 0.5 7.0
Crude Oil (Brent)/Barrel (FM
Future)
106.98 0.3 0.3 (3.4) NASDAQ 100 4,440.42 0.6 0.6 6.3
Natural Gas (Henry
Hub)/MMBtu
4.10 0.5 0.5 (5.5) STOXX 600 339.79 0.9 0.9 3.5
LPG Propane (Arab Gulf)/Ton* 103.38 0.0 0.0 (18.3) DAX 9,783.01 1.2 1.2 2.4
LPG Butane (Arab Gulf)/Ton* 123.50 0.0 0.0 (9.0) FTSE 100 6,746.14 0.8 0.8 (0.0)
Euro 1.36 0.1 0.1 (0.9) CAC 40 4,350.04 0.8 0.8 1.3
Yen 101.54 0.2 0.2 (3.6) Nikkei 15,296.82 0.9 0.9 (6.1)
GBP 1.71 (0.2) (0.2) 3.2 MSCI EM 1,063.66 0.5 0.5 6.1
CHF 1.12 0.1 0.1 0.1 SHANGHAI SE Composite 2,066.65 1.0 1.0 (2.3)
AUD 0.94 0.0 0.0 5.3 HANG SENG 23,346.67 0.5 0.5 0.2
USD Index 80.19 0.0 0.0 0.2 BSE SENSEX 25,006.98 (0.1) (0.1) 18.1
RUB 34.33 0.3 0.3 4.4 Bovespa 55,743.98 1.7 1.7 8.2
BRL 0.45 0.4 0.4 6.8 RTS 1,361.89 (1.5) (1.5) (5.6)
186.7
153.4
139.0