The QSE Index gained marginally to close at 10,398.3, led by the Banks & Financial Services and Transportation indices. Zad Holding Co. and QNB Group were the top gainers, while Qatar Insurance Co. and Al Khalij Commercial Bank were the top losers. Trading volume fell by 21.7% compared to the previous day. Globally, US consumer confidence rose in December and home prices increased in October from the prior month. In Qatar news, ABQK's board will meet in January to approve budgets and dividends, and Qatar's population grew 8.5% YoY in November according to government statistics.
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.
QNBFS Daily Market Report November 21, 2021QNB Group
The QE Index in Qatar declined slightly by 0.1% led by losses in the industrial and insurance sectors. Regionally, most markets gained marginally except for Saudi Arabia which fell 1%. Volume on the Qatari stock exchange fell over 15% compared to the previous day. In company news, Qatar is in talks to acquire power plants in Pakistan and is well-positioned to support hosting the 2022 FIFA World Cup through its logistics infrastructure. Kahramaa held a workshop to increase cooperation with QRDI council. Qatar was also ranked among the top 10 countries in the Gulf for app development growth.
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.
QNBFS Daily Market Report August 14, 2018QNB Group
The QSE Index declined 0.8% on Monday led by losses in the Banks & Financial Services and Real Estate indices. QNB Group and Gulf Warehousing Company were the top losers. Trading volume rose by 14.2% compared to the previous day but was 31.4% lower than the 30-day moving average. Regional indices also declined except for Abu Dhabi which fell 0.9%. Qatar's current account balance swung to a surplus of QR23.4bn in 2017 from a deficit in 2016 due to higher energy prices and a rise in exports.
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.
QNBFS Daily Market Report November 21, 2021QNB Group
The QE Index in Qatar declined slightly by 0.1% led by losses in the industrial and insurance sectors. Regionally, most markets gained marginally except for Saudi Arabia which fell 1%. Volume on the Qatari stock exchange fell over 15% compared to the previous day. In company news, Qatar is in talks to acquire power plants in Pakistan and is well-positioned to support hosting the 2022 FIFA World Cup through its logistics infrastructure. Kahramaa held a workshop to increase cooperation with QRDI council. Qatar was also ranked among the top 10 countries in the Gulf for app development growth.
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.
QNBFS Daily Market Report August 14, 2018QNB Group
The QSE Index declined 0.8% on Monday led by losses in the Banks & Financial Services and Real Estate indices. QNB Group and Gulf Warehousing Company were the top losers. Trading volume rose by 14.2% compared to the previous day but was 31.4% lower than the 30-day moving average. Regional indices also declined except for Abu Dhabi which fell 0.9%. Qatar's current account balance swung to a surplus of QR23.4bn in 2017 from a deficit in 2016 due to higher energy prices and a rise in exports.
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.
The QSE Index in Qatar rose 0.4% led by gains in the transportation and telecom indices. Gulf Warehousing Co. and Qatar Navigation were the top gainers while Al Khalij Commercial Bank fell the most. Trading volume increased compared to the previous day. Regional indices were mixed with Saudi Arabia and Kuwait up while Abu Dhabi fell. Nakilat raised its foreign ownership limit and Qatar will continue major infrastructure projects despite falling oil prices on the back of strong finances.
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 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 QE index in Qatar declined 0.6% due to losses in the telecom and industrial indices. Top losers were Qatar Telecom and Dlala Brok. & Inv. Holding Co., falling 1.8% and 1.6% respectively. Trading volume on the Qatar exchange declined 33.8% compared to the 30-day moving average. Fitch affirmed RasGas II & 3 bonds at A+ with a stable outlook. S&P said a change in Qatar's emir would likely not immediately impact credit ratings.
The QSE Index in Qatar declined 0.6% due to losses in the real estate and insurance indices. Qatar National Cement and Ezdan Holding Group were the top losers. Indices in other Gulf markets were mixed, with Saudi Arabia and Oman rising marginally while Kuwait and Bahrain fell. Earnings results were reported from companies in various Gulf markets. Global economic data showed the US retail sales declined more than expected in January while Eurozone GDP growth met forecasts.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The daily market report provided an overview of market activity in Qatar, GCC countries, and global economic data. In Qatar, the QE Index rose 2.3% led by gains in banks and transportation stocks. Volume traded increased 120.9% from the previous day. QNB Group and Salam International were the top gainers while Ahli Bank fell the most. In other GCC countries, stock markets in Saudi Arabia, Dubai, and Abu Dhabi rose while Kuwait's market was closed. Earnings releases were provided for companies in Saudi Arabia, Dubai, and India. The earnings calendar listed upcoming earnings dates for Qatari companies.
The QSE Index in Qatar declined 0.1% as the Insurance and Telecom indices fell. Qatar General Insurance and Industries Qatar were the top losers. In other GCC markets, indices declined in Saudi Arabia by 2.5%, Dubai by 1.4%, and Abu Dhabi by 1.3%. Regional indices fell across most markets with the exception of slight declines in Oman and Bahrain.
The QE Index declined 0.1% to close at 13,711.9. Losses were led by the Industrials and Telecoms indices, falling 0.7% each. Top losers were Qatar Insurance Company and Investment Holding Group, falling 4.0% and 2.5%, respectively.
The QSE Index gained 1.0% led by the Insurance and Real Estate indices. Qatari Investors Group and Qatar Insurance Co. were the top gainers rising 5.4% and 5.2% respectively, while Islamic Holding Group fell 1.7%. Volume of shares traded rose 77.8% to 16.2mn. QP invited firms to bid for the future development of the Al-Shaheen oil field. Al Rayan Bank's operating income jumped 168% in 2014 to £11.8mn. MERS and LREDC signed an MoU for MERS to operate two retail locations in Lusail. Inclusion of the QSE in MSCI and S&P indices
QNBFS Daily Market Report November 23, 2020QNB Group
The QE Index rose 0.9% to close at 10,202.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 2.1% and 1.7%, respectively.
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.
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.
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.
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 0.7% led by losses in the Industrials and Insurance indices. Islamic Holding Group and Doha Insurance Co. were the top losers falling 4.4% and 3.5% respectively, while Ahli Bank gained 3.1%. Regional markets were also mostly down, with Saudi Arabia's TASI index falling 2.7% and Dubai's DFM index declining 1.6%. Earnings reports from various companies were mixed with some Saudi firms such as SEC reporting growth but others such as Rabigh Refining reporting losses.
The QSE Index in Qatar declined 0.6% on the day led by losses in the consumer goods and transportation indices. Doha Insurance Co. and Widam Food Co. were the top losers, falling 3.2% and 2.9% respectively, while Al Khalij Commercial Bank gained 4.6% and was a top gainer. Trading volume on the QSE fell 14.4% compared to the previous day.
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.
The QSE Index in Qatar rose 0.4% led by gains in the transportation and telecom indices. Gulf Warehousing Co. and Qatar Navigation were the top gainers while Al Khalij Commercial Bank fell the most. Trading volume increased compared to the previous day. Regional indices were mixed with Saudi Arabia and Kuwait up while Abu Dhabi fell. Nakilat raised its foreign ownership limit and Qatar will continue major infrastructure projects despite falling oil prices on the back of strong finances.
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 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 QE index in Qatar declined 0.6% due to losses in the telecom and industrial indices. Top losers were Qatar Telecom and Dlala Brok. & Inv. Holding Co., falling 1.8% and 1.6% respectively. Trading volume on the Qatar exchange declined 33.8% compared to the 30-day moving average. Fitch affirmed RasGas II & 3 bonds at A+ with a stable outlook. S&P said a change in Qatar's emir would likely not immediately impact credit ratings.
The QSE Index in Qatar declined 0.6% due to losses in the real estate and insurance indices. Qatar National Cement and Ezdan Holding Group were the top losers. Indices in other Gulf markets were mixed, with Saudi Arabia and Oman rising marginally while Kuwait and Bahrain fell. Earnings results were reported from companies in various Gulf markets. Global economic data showed the US retail sales declined more than expected in January while Eurozone GDP growth met forecasts.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The daily market report provided an overview of market activity in Qatar, GCC countries, and global economic data. In Qatar, the QE Index rose 2.3% led by gains in banks and transportation stocks. Volume traded increased 120.9% from the previous day. QNB Group and Salam International were the top gainers while Ahli Bank fell the most. In other GCC countries, stock markets in Saudi Arabia, Dubai, and Abu Dhabi rose while Kuwait's market was closed. Earnings releases were provided for companies in Saudi Arabia, Dubai, and India. The earnings calendar listed upcoming earnings dates for Qatari companies.
The QSE Index in Qatar declined 0.1% as the Insurance and Telecom indices fell. Qatar General Insurance and Industries Qatar were the top losers. In other GCC markets, indices declined in Saudi Arabia by 2.5%, Dubai by 1.4%, and Abu Dhabi by 1.3%. Regional indices fell across most markets with the exception of slight declines in Oman and Bahrain.
The QE Index declined 0.1% to close at 13,711.9. Losses were led by the Industrials and Telecoms indices, falling 0.7% each. Top losers were Qatar Insurance Company and Investment Holding Group, falling 4.0% and 2.5%, respectively.
The QSE Index gained 1.0% led by the Insurance and Real Estate indices. Qatari Investors Group and Qatar Insurance Co. were the top gainers rising 5.4% and 5.2% respectively, while Islamic Holding Group fell 1.7%. Volume of shares traded rose 77.8% to 16.2mn. QP invited firms to bid for the future development of the Al-Shaheen oil field. Al Rayan Bank's operating income jumped 168% in 2014 to £11.8mn. MERS and LREDC signed an MoU for MERS to operate two retail locations in Lusail. Inclusion of the QSE in MSCI and S&P indices
QNBFS Daily Market Report November 23, 2020QNB Group
The QE Index rose 0.9% to close at 10,202.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 2.1% and 1.7%, respectively.
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.
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.
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.
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 0.7% led by losses in the Industrials and Insurance indices. Islamic Holding Group and Doha Insurance Co. were the top losers falling 4.4% and 3.5% respectively, while Ahli Bank gained 3.1%. Regional markets were also mostly down, with Saudi Arabia's TASI index falling 2.7% and Dubai's DFM index declining 1.6%. Earnings reports from various companies were mixed with some Saudi firms such as SEC reporting growth but others such as Rabigh Refining reporting losses.
The QSE Index in Qatar declined 0.6% on the day led by losses in the consumer goods and transportation indices. Doha Insurance Co. and Widam Food Co. were the top losers, falling 3.2% and 2.9% respectively, while Al Khalij Commercial Bank gained 4.6% and was a top gainer. Trading volume on the QSE fell 14.4% compared to the previous day.
The document provides an intra-day market summary and commentary for the Qatar Stock Exchange and other GCC exchanges. It summarizes that the QSE index declined 0.3% led by losses in the insurance and telecom indices. Top losers were Qatar General Insurance and Dlala Brokerage. Top gainers included Ezdan Holding Group and Doha Insurance Co. Trading volume on the QSE rose 25.4% compared to the previous day. The document also provides brief summaries for other GCC exchanges in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain.
Nemaska Lithium Corporate Presentation Jan 04 2016 FINALVictor Cantore
Nemaska Lithium is developing a lithium project in Quebec, Canada to capitalize on growing demand for lithium. Key points:
- Lithium demand is expected to outstrip supply by 2021 due to growth in lithium-ion batteries. Nemaska's project would help address this shortage.
- Nemaska has a large, high-grade lithium deposit and plans to produce lithium hydroxide and carbonate using a proprietary process. Production costs are expected to be competitive.
- A feasibility study showed strong economics for the project, with an after-tax IRR of 21% and NPV of $412 million using an 8% discount rate.
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Etisalat is a major telecommunications company based in the UAE. Over the last decade, it has experienced strong growth through expanding its mobile, internet, and phone services both within the UAE and internationally. However, its growth has slowed in recent years within the UAE due to market saturation and increased competition. Going forward, Etisalat's future success will depend on its ability to expand into new underserved markets and offer innovative services.
The document is an internship report on Pakistan Telecommunication Company Limited (PTCL). It provides an overview of PTCL's history, organizational structure, products and services, departments and their workings, and a financial analysis including ratios and a SWOT analysis. The author completed an 8-week internship in PTCL's Interconnect Revenue Department from June to August 2010. The report is intended to provide readers with an understanding of PTCL's operations and practices in Pakistan.
Tax Elasticity, Buoyancy and Stability in ZimbabweIOSR Journals
The document analyzes tax elasticity, buoyancy, and stability in Zimbabwe from 2000-2013. It finds that Zimbabwe relies heavily on tax revenue to fund government spending. Using traditional regression and dummy variable approaches, the study calculates Zimbabwe's tax buoyancy at over 1, implying the tax system responds to income growth. Tax ratios varied over the period but generally increased after dollarization, reaching a peak of 40.2% in 2005. Several tables show tax performance and revenue by tax type. The document also analyzes Zimbabwe's many parastatals across various sectors and their inefficiencies that have led to losses.
Análise comparativa das estruturas de Governo em 9 Estados da União Europeia ...David Ferraz
Este trabalho tem como objectivo dar a conhecer a estrutura e organização dos Governos e da Administração Pública de alguns países da Europa. Todos os Estados estudados apresentam uma estrutura de Governo que inclui um chefe de governo que coordena, através de uma equipa Ministerial, os diversos Ministérios. Cada Ministério é liderado por um ou mais Ministros como se verifica em alguns países em que os Ministérios se subdividem noutros sub-Ministérios. Quer isto dizer que dentro do mesmo Ministério podem coexistir dois ou mais Ministros, cada um com uma pasta diferente. Cada Ministério conta por regra, com o apoio de uma secretaria-geral, e subdivide-se em várias divisões ou departamentos que têm por missão concretizar os diferentes objectivos do Ministério.
Sob a tutela ou super-intendência dos Ministros podem encontrar-se ainda várias agências ou institutos. A sua autonomia pode variar consoante o estatuto que lhes é atribuído.
Na prossecução deste trabalho optou-se por uma abordagem descritiva da organização do Governo e da Administração Pública. Mantiveram-se os Ministérios e os serviços da Administração com a sua denominação original para uma melhor identificação do serviço e da sua natureza. Exceptuam-se desta regra nesta fase do trabalho alguns países, cujo idioma poderia levantar algumas dificuldades de interpretação.
Dada a constante mutação na forma de organização dos Governos recorreu-se sobretudo à Internet como fonte documental, procurando assim garantir a máxima actualidade dos dados.
David Ferraz
This document discusses nondual Christianity and subject-object relationships. It explores how a nondual approach goes beyond but includes dualistic problem-solving. A nondual approach uses a "mediating thirdness" and involves aspects like phenomenology, axiology, and epistemology. Some nondual teachers claim nonduality has primacy and autonomy, but the document argues it is integral and a "necessary but not sufficient" part of a nondual approach. Later posts discuss the goals of transformation versus union with God, and how grace can bring people to God without full human authenticity. The document considers gauging religious traditions' success in facilitating human authenticity.
The turkish nuclear power industry from local investment to regional dominationArnaud Lefevre-Baril
In 2003, the Science and Technology Upper Council of the Scientific and Technological Research
Council of Turkey (TÜBITAK) listed electricity generation through nuclear power plants as the
third highest priority of the country.
The Turkish Government believes that the potential exists for Turkish businesses to partner with
foreign companies in third countries in Africa, the Middle East and Asia in order to maximize
compatible commercial strengths, in particular in energy, mining and transport markets. The ISO
benefits from a positive and increasing commercial atmosphere to create a nuclear cluster and
organize a supply chain that reaches international standards.
El documento describe el programa de consultoría gerencial de INCAE, una escuela de negocios en Latinoamérica. Los estudiantes trabajan en grupos para realizar consultorías en empresas clientes. El trabajo incluye un análisis del entorno y la industria, un diagnóstico de la empresa, y recomendaciones estratégicas. La empresa cubre los gastos mientras que los estudiantes ofrecen su trabajo de forma honoraria.
In the former US base Panama is building a new city the size of the actual city of Panama, but with new economic laws to favour the companies that want to invest and have all close airport, ports, connection, chic residential areas all the benefits of a well planned city. Wellcome to Panama.
This document provides a geophysical survey report for the Getty Project in British Columbia, Canada. A Titan-24 DC/IP and MT geophysical survey was conducted between November and December 2010 over three known deposits: Getty North, Getty West, and Getty South. The survey identified the three known deposits through resistivity and chargeability signatures. A total of 39 geophysical anomalies were identified, with 12 classified as high priority targets. The results provide information on the subsurface geology and potential extensions of the known deposits to guide future exploration at the property.
Andre Herbst's curriculum vitae summarizes his qualifications and work experience. He has over 25 years of experience in IT and holds various technical certifications. His experience includes roles managing networks for Telkom SA, Manlan, Mobius Consulting, and Business Connexion. He has experience designing, installing, and maintaining networks using technologies such as Cisco, Nortel, Windows, Linux, and more. His most recent role was as a consultant and infrastructure manager for IQ Business Group.
O documento discute a AIDS, incluindo sua definição como uma síndrome causada pela infecção pelo HIV, que destrói os linfócitos T do sistema imunológico. Detalha as principais formas de transmissão do HIV, como contato sexual desprotegido e uso de seringas, e os grupos mais afetados, como homens que fazem sexo com homens e usuários de drogas. Também fornece informações sobre sintomas, testes, tratamento e cuidados necessários para portadores do vírus.
PIPS Technology is a leading provider of automatic number plate recognition (ANPR) systems. They develop advanced camera and software technologies to capture and read vehicle license plates. Their systems are used for traffic monitoring, security, and law enforcement applications around the world. PIPS prides itself on creating complete, customized solutions and on driving innovation in ANPR technology over its 20+ year history.
John A Chapman opportunities minerals space 20120131John Chapman
We earthbound humans cannot survive as a single planet species as there is a clear and present danger from super-volcanos and large near-earth-objects. The dinosaurs did not survive – they had no space program. We do have a space program which can be directed to saving humans by detecting, tracking and deflecting near-earth-objects that are potential earth-impactors, as well as creating a moon base as a precursor to populating mars. Great challenges and opportunities lay ahead in achieving these space development objectives; they are essential to ensure our survival.
The wealth from mines, from the dawn of recorded human history, is the epic march of mankind along the path of progress. It was the mines that made ancient civilizations such as Egypt, Greece and Rome great and in more recent times have created immense wealth to the benefit of the people of Europe, North America, Australia and now China, India, Brazil and Russia.
Today, we are part of the “space generation”, crawling off the surface of the earth into the “oceans of space”; mining will continue to provide the capability for humankind to advance to the moon, mars and on to the stars.
This paper proposes the application of proven methods on earth for successful mineral exploration, mineral deposit development and mine/process operations on the moon and mars.
El documento describe el programa de consultoría gerencial de INCAE, una escuela de negocios reconocida en Latinoamérica. Los estudiantes aplican sus conocimientos realizando proyectos de consultoría en grupos para empresas. El documento detalla los honorarios, la estructura de informes, el calendario y presenta el grupo de estudiantes que realizará el proyecto de consultoría.
This document summarizes a magnetotelluric (MT) survey conducted in Denizli, Turkey to explore the geothermal potential of the region. The survey involved collecting high quality MT data from 92 sites using Spartan MT data loggers. The data was inverted in 3D using WSINV3DMT, producing resistivity models of the subsurface down to 3000 meters depth. The models image the sedimentary fill of the Denizli graben and the underlying bedrock, helping to identify potential geothermal reservoirs and determine well locations to reduce drilling risks. The MT survey was able to map subsurface resistivity variations despite the industrialized nature of the area, demonstrating the effectiveness of MT for geothermal exploration.
An Analysis of the Information Security Governance in the State Owned Enterpr...theijes
The International Journal of Engineering & Science is aimed at providing a platform for researchers, engineers, scientists, or educators to publish their original research results, to exchange new ideas, to disseminate information in innovative designs, engineering experiences and technological skills. It is also the Journal's objective to promote engineering and technology education. All papers submitted to the Journal will be blind peer-reviewed. Only original articles will be published.
QNBFS Daily Market Report September 15, 2020QNB Group
The QE Index declined 0.1% to close at 9,872.9. Losses were led by the Banks & Financial Services and Telecoms indices, falling 1.4% and 1.2%, respectively.
QNBFS Daily Market Report November 08, 2021QNB Group
The QE Index rose 0.3% to close at 11,973.0. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 0.6% and 0.5%, respectively.
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 QSE Index rose marginally to close at 11,913.6, led by gains in the Real Estate and Consumer Goods & Services indices. Top gainers were United Development Co. and Qatar German Co for Medical Dev., rising 3.4% and 1.5% respectively. Meanwhile, Ahli Bank fell 3.6% and Qatar Electricity & Water Co. declined 1.4%. Volume of shares traded rose 50.9% compared to the previous day. Regional indices were mostly lower except for Bahrain which gained marginally. Earnings news included Milaha's net profit surging 69.6% YoY but declining 21.4% QoQ in 2Q2015.
The QSE Index rose 0.3% to close at 9,142.3, led by gains in the Transportation and Industrials indices. Doha Insurance Group and Qatari Investors Group were the top gainers while Dlala Brokerage & Investment Holding Company and Mannai Corporation were the top losers. Trading volume rose 75.3% compared to the previous day but was lower than the 30-day average. Meanwhile, industrial producers' earnings in Qatar grew double digits in May driven by higher prices for crude oil and other commodities.
The QSE Index rose 1.0% led by gains in the real estate and consumer goods indices. Top gainers were Barwa Real Estate and Ezdan Holding Group. Regional indices were mixed with Saudi Arabia and Kuwait up while Dubai and Oman were down. Earnings news included QNB Group reporting a 10.1% rise in net profit for 1Q2015 and IHGS reporting a 15.5% increase in 1Q2015 net profit. Other news included DBIS approving a 28% bonus share issue and announcements of upcoming earnings dates.
The QE Index declined 0.2% to close at 12,828.5. Losses were led by the Banks & Financial Services and Insurance indices, falling 1.2% and 0.4%, respectively.
The QSE Index in Qatar gained 0.1% as the Transportation and Industrials indices rose. Qatar General Insurance and Gulf Warehousing were the top gainers rising 5.5% and 5.3% respectively. Volume traded rose 15.5% compared to the 30-day average. In its earnings, CBQK reported a net profit that fell short of estimates mainly due to higher than expected provisions, with its bottom line dropping 15.3% YoY.
The QE Index rose 1.5% to close at 10,920.7. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.7% and 1.8%, respectively.
The QSE Index fell slightly by 0.1% as losses in the Consumer Goods & Services and Real Estate indices outweighed gains elsewhere. National Leasing and Ahli Bank were the top two decliners for the day. Meanwhile, Industries Qatar and Qatar Navigation saw gains. Trading activity increased compared to the previous day and 30-day average, with National Leasing and Ezdan Holding Group being the most active stocks by volume.
The QSE Index gained 0.1% as the Insurance and Consumer Goods & Services indices rose. Dlala Brokerage and Qatar National Cement were the top gainers, rising 6.4% and 2.6% respectively. Qatar German for Medical Devices fell 2.7% and was a top loser. Trading volume fell 36.4% compared to the previous day but was slightly higher than the 30-day average. Earnings reports are expected from several Qatari companies in the coming weeks.
The QSE Index in Qatar declined 0.5% led by declines in the Real Estate and Banks & Financial Services indices. Top losers were Qatar Industrial Manufacturing Co. and Medicare Group. Regional markets were also mostly lower except for Bahrain which gained 0.3%. News included Milaha launching a door-to-door shipping service between Qatar and UAE, RasGas recording the 5,000th cargo delivery from its Helium-2 plant, and Msheireb Properties and QDB planning to open investment opportunities for SMEs and entrepreneurs.
QNBFS Daily Market Report November 11, 2018QNB Group
The QSE Index in Qatar rose 1.1% led by gains in the Consumer Goods & Services and Banks & Financial Services indices. Qatar Cinema & Film Distribution Company and Qatar Fuel Company were the top gainers rising 9.6% and 4.5% respectively. Regional indices were mixed with Abu Dhabi up 0.3% while Saudi Arabia fell 0.6%.
The QSE Index declined 1.9% on higher selling pressure from Qatari shareholders. Islamic Holding Group and Gulf International Services were the top losers, falling 10.0% and 6.2% respectively. Volume of shares traded fell 34.2% to 16.3mn. Ratings agencies Fitch downgraded the outlook on three Bahraini banks to negative. Global economic data was mixed with US personal income and spending rising but French consumer spending declining.
The QSE Index in Qatar rose 0.5% led by gains in the Consumer Goods & Services and Banks & Financial Services indices. Medicare Group and Al Khalij Commercial Bank were the top gainers rising 5.0% and 4.7% respectively. Gulf Warehousing Co. fell 2.1% and was among the top losers. Trading volume on the QSE rose 26.1% compared to the previous day.
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.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
1. Page 1 of 7
QSE Intra-Day Movement
Qatar Commentary
The QSE Index gained marginally to close at 10,398.3. Gains were led by the Banks &
Financial Services and Transportation indices, rising 0.5% and 0.2%, respectively. Top
gainers were Zad Holding Co. and QNB Group, rising 4.5% and 2.9%, respectively. Among
the top losers, Qatar Insurance Co. fell 3.2%, while Al Khalij Commercial Bank was down
3.1%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.9% to close at 6,930.6. Losses were led by the
Energy & Utilities and Petrochem. Ind. indices, falling 5.3% and 3.8%, respectively.
Yanbu Nat. Petrochem. fell 7.6%, while Saudi Industrial Inv. Group was down 7.1%.
Dubai: The DFM Index gained 0.5% to close at 3,134.8. The Transportation index rose
2.1%, while the Consumer Staples index gained 1.2%. GFH Financial Group rose 7.5%,
while Mashreq Bank was up 6.3%.
Abu Dhabi: The ADX benchmark index rose 1.0% to close at 4,296.2. The Banks index
gained 2.0%, while the Real Estate index rose 0.9%. National Bank of Fujairah surged
14.9%, while Abu Dhabi Islamic Bank was up 3.7%.
Kuwait: The KSE Index declined 0.8% to close at 5,583.8. The Technology index fell
3.3%, while the Consumer Services index declined 1.5%. Kout Food Group fell 13.5%,
while Metal & Recycling Co. was down 11.9%.
Oman: The MSM Index fell 0.1% to close at 5,429.4. Losses were led by the Services and
Industrial indices, falling 0.3% and 0.2%, respectively. Al Jazeera Steel Products fell
2.9%, while Al Batinah Dev. Inv. Holding was down 2.4%.
Bahrain: The BHB Index declined 0.2% to close at 1202.4. The Industrial index fell
0.5%, while the Investment index declined 0.3%. GFH Financial Group fell 8.6%, while
Al Salam Bank – Bahrain was down 1.1%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Zad Holding Co. 81.00 4.5 0.2 (3.6)
QNB Group 176.00 2.9 66.9 (17.3)
Industries Qatar 110.00 1.8 424.7 (34.5)
Qatar Navigation 96.00 1.5 75.6 (3.5)
Qatar General Insur. & Reins. Co. 54.00 0.8 13.0 5.3
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 12.59 (1.4) 1,046.9 (23.5)
Qatar Gas Transport Co. 23.00 (0.7) 644.9 (0.4)
Gulf International Services 51.40 (1.9) 523.6 (47.1)
Industries Qatar 110.00 1.8 424.7 (34.5)
Ezdan Holding Group 16.25 (0.3) 290.6 8.9
Market Indicators 29 Dec 15 28 Dec 15 %Chg.
Value Traded (QR mn) 199.8 250.0 (20.1)
Exch. Market Cap. (QR mn) 551,214.4 549,296.8 0.3
Volume (mn) 4.9 6.2 (21.7)
Number of Transactions 2,562 3,255 (21.3)
Companies Traded 41 41 0.0
Market Breadth 8:31 30:7 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 16,162.71 0.0 1.4 (11.8) 10.8
All Share Index 2,764.81 (0.0) 1.2 (12.3) 10.9
Banks 2,787.72 0.5 0.9 (13.0) 11.3
Industrials 3,138.62 (0.0) 3.2 (22.3) 12.0
Transportation 2,423.01 0.2 0.5 4.5 11.5
Real Estate 2,358.75 (0.4) 0.5 5.1 7.6
Insurance 4,129.79 (2.2) (0.9) 4.3 11.4
Telecoms 973.59 (0.1) 2.7 (34.5) 21.3
Consumer 5,913.35 (0.8) (0.6) (14.4) 13.1
Al Rayan Islamic Index 3,827.10 (0.5) 0.7 (6.7) 11.3
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Nat. Bank Of Fujairah Abu Dhabi 4.02 14.9 235.0 (10.9)
Med. & Gulf Insurance Saudi Arabia 25.70 9.7 2,758.1 (48.6)
Co. for Coop. Insurance Saudi Arabia 75.04 6.2 331.4 50.3
Saudi Enaya Coop. Ins. Saudi Arabia 16.61 4.9 2,419.4 (36.0)
Alinma Bank Saudi Arabia 15.13 4.4 64,231.9 (25.7)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Abu Dhabi Nat. Ins. Abu Dhabi 2.88 (10.0) 94.3 (52.4)
DP World Ltd. Dubai 18.25 (8.8) 51.5 (13.1)
Yanbu Nat. Petrochem. Saudi Arabia 33.20 (7.6) 2,222.7 (30.3)
Saudi Ind. Inv. Group Saudi Arabia 14.38 (7.1) 6,297.3 (43.5)
Nat. Petrochemical Co. Saudi Arabia 17.92 (7.0) 2,200.9 (18.2)
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)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Insurance Co. 84.20 (3.2) 45.7 6.9
Al Khalij Commercial Bank 17.45 (3.1) 36.6 (20.9)
Qatar Islamic Bank 106.20 (2.1) 71.2 3.9
Islamic Holding Group 78.30 (2.0) 101.2 (25.2)
Qatar Islamic Insurance Co. 65.70 (1.9) 0.2 (16.8)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 110.00 1.8 45,883.3 (34.5)
Gulf International Services 51.40 (1.9) 26,896.6 (47.1)
Qatar Gas Transport Co. 23.00 (0.7) 14,847.7 (0.4)
Vodafone Qatar 12.59 (1.4) 13,167.7 (23.5)
QNB Group 176.00 2.9 11,652.0 (17.3)
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* 10,398.33 0.0 1.4 3.0 (15.4) 54.87 151,418.6 10.8 1.6 4.9
Dubai 3,134.82 0.5 (0.1) (2.2) (16.9) 114.30 83,547.2 12.3 1.1 3.7
Abu Dhabi 4,296.16 1.0 1.3 1.4 (5.1) 25.12 117,839.0 11.3 1.2 5.7
Saudi Arabia 6,930.60 (0.9) (0.2) (4.3) (16.8) 1,852.63 421,196.4 15.6 1.7 3.7
Kuwait 5,583.81 (0.8) (0.6) (3.8) (14.6) 30.34 86,953.0 15.4 1.0 4.7
Oman 5,429.36 (0.1) 0.2 (2.1) (14.4) 8.02 22,216.4 9.8 1.2 4.8
Bahrain 1,202.43 (0.2) 0.4 (2.4) (15.7) 1.08 18,903.1 7.8 0.8 5.7
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,250
10,300
10,350
10,400
10,450
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 QSE Index gained marginally to close at 10,398.3. The Banks &
Financial Services and Transportation indices led the gains. The index rose
on the back of buying support from non-Qatari shareholders despite selling
pressure from Qatari and GCC shareholders.
Zad Holding Co. and QNB Group were the top gainers, rising 4.5% and 2.9%,
respectively. Among the top losers, Qatar Insurance Co. fell 3.2%, while Al
Khalij Commercial Bank was down 3.1%.
Volume of shares traded on Tuesday fell by 21.7% to 4.9mn from 6.2mn on
Monday. Further, as compared to the 30-day moving average of 7.4mn,
volume for the day was 34.3% lower. Vodafone Qatar and Qatar Gas
Transport Co. were the most active stocks, contributing 21.6% and 13.3%
to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
12/29 US Census Bureau Advance Goods Trade Balance November -$60.500b -$60.720b -$61.276b
12/29 US S&P/Case-Shiller S&P/CS 20 City MoM SA October 0.84% 0.60% 0.50%
12/29 US S&P/Case-Shiller S&P/CS Composite-20 YoY October 5.54% 5.60% 5.36%
12/29 US S&P/Case-Shiller S&P/CaseShiller 20-City Index NSA October 182.8 183.3 182.7
12/29 US S&P/Case-Shiller S&P/Case-Shiller US HPI MoM October 0.88% – 0.77%
12/29 US S&P/Case-Shiller S&P/Case-Shiller US HPI YoY October 5.17% – 4.85%
12/29 US S&P/Case-Shiller S&P/Case-Shiller US HPI NSA October 175.7 – 175.5
12/29 US Conference Board Consumer Confidence Index December 96.5 93.5 92.6
12/29 Spain INE Retail Sales YoY November 4.20% – 5.00%
12/29 Spain INE Retail Sales SA YoY November 3.30% 4.60% 6.00%
12/29 Italy ISTAT Consumer Confidence Index December 117.6 117.0 118.4
12/29 Italy ISTAT Business Confidence December 104.1 104.4 104.4
12/29 Italy ISTAT Economic Sentiment December 105.8 – 107.1
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 Individual 33.50% 39.49% (11,976,819.40)
Qatari Institutions 28.41% 23.36% 10,096,186.29
Qatar 61.91% 62.85% (1,880,633.11)
GCC Individuals 0.99% 5.96% (9,935,906.96)
GCC Institutions 3.76% 5.30% (3,086,731.76)
GCC 4.75% 11.26% (13,022,638.72)
Non-Qatari Individuals 13.28% 16.02% (5,492,430.56)
Non-Qatari Institutions 20.07% 9.86% 20,395,702.39
Non-Qatari 33.35% 25.88% 14,903,271.83
3. Page 3 of 7
News
Qatar
ABQK BoD meeting on January 14 – Ahli Bank’s (ABQK) board of
directors (BoD) will meet on January 14, 2016 to approve the
budget & discuss the proposal of profit distribution for the
financial year ended 2015. (QSE)
QSE suspends trading of WDAM shares on December 30 – The Qatar
Stock Exchange (QSE) has announced the trading suspension of
Widam Food Company’s (WDAM) shares on December 30, 2015
due to its EGM being held on that day. (QSE)
MDPS: Qatar’s population grows 8.5% YoY in November –
According to figures released by the Ministry of Development
Planning & Statistics (MDPS), Qatar’s population registered an
impressive annual increase of 8.5% in November 2015 breaching
the 2.46mn mark. MDPS, in its 23rd Monthly Bulletin issued for
November 2015, said the population in November 2014 was a
little over 2.27mn. In the 11 months, from January to November-
end this year, 22,927 births were registered in the country which
worked out to 8.7 people added to every 1,000 people of the
country’s population. The number of people who died in the 11
months of 2015 was 2,102. (Peninsula Qatar)
OPEC: Qatar 2016 oil demand to firm up on transportation,
industrial demand – According to a recent OPEC report, oil demand
is expected to grow firmly in Qatar in 2016 with transportation
fuels, especially gasoline and industrial fuels such as diesel &
residual fuel oil playing a "significant part" in the overall oil
demand growth. Oil demand growth in the region is projected to
reach 0.19mn bpd in 2015, while in 2016 it is anticipated to record
around 0.21mn barrels per day of growth. The ‘Monthly oil market
report’ revealed that oil demand grew strongly in Qatar and the
UAE in 2015. In both countries, transportation fuels – notably
gasoline – dominated the increases. Elsewhere in the Middle East,
solid demand was witnessed in October with oil demand growth in
Saudi Arabia hitting the highest level in 2015. Oil demand in Saudi
Arabia continued its positive momentum, growing by around
0.34mn bpd, or 15% YoY. All products recorded positive gains
during the month, without exception. Direct crude burning
recorded the highest gains in both percentage and volumetric
basis. Transportation, industrial fuels and direct crude burning
were the contributing elements in rising Saudi Arabian demand in
2015, which continues to be the pattern of consumption during
October 2015. Demand also grew solidly in Kuwait, particularly
lifting road transportation & industrial fuels, gasoline & gas diesel
oil. Iraqi oil demand continued its positive growth trend which
started in June, with most gains being observed in fuel oil and
gasoline. However, the report said the Middle East oil demand
growth may be challenged in 2016 by some downside risks, which
relate to the continuing geopolitical turbulence in some countries.
(Gulf-Times.com)
Qatari banks’ assets touch QR1.11tn in November – Qatar banks’
assets (and liabilities) increased QR27.9bn, or 2.6%, to QR1.11tn
in November 2015, as compared to QR1,077.9bn recorded in
October 2015. The government and public sector deposits touched
QR220.7bn, a decline of QR11.4bn, in November. Qatar’s total
domestic public debt increased by QR9.1bn to QR356bn. The
market liquidity analysis revealed that the month witnessed high
credit for the domestic private sector, reflecting an increase by
QR5.5bn to QR408.6bn. Local private sector deposits rose by
QR2.5bn to QR337.1bn. In November, the banks’ combined
deposits at QCB stabilized at QR33.7bn. A breakdown of the figure
showed that the banks’ mandatory reserve stood at QR30.1bn at
the rate of 4.75% of the total customer deposits at each bank as set
by the QCB. Government and public sector deposits increased
around QR3bn to reach the QR220.7bn level. The breakdown
showed QR66.3bn from government, QR120bn from government
institutions and QR34.4bn for the quasi-governmental institutions.
The government and public sector total loans increased to around
QR6.8bn to reach QR235.7bn. (Peninsula Qatar)
EY: Islamic banking assets up 16% in 2015; Qatar among key
markets – According to a report released by Ernst & Young (EY),
Islamic retail and commercial banking assets continued to grow at
16% in 2015, at the same rate as they did in 2014. The recently
issued World Islamic Banking Competitiveness Report 2016
revealed that Islamic banking assets in six main markets are set to
exceed $801bn in 2015. Those markets are Qatar, Indonesia, Saudi
Arabia, Malaysia, the UAE and Turkey, where around 80% of
international banking assets are being held. Altogether, the global
Islamic banking assets are expected to reach or cross $1tn in 2015
and by 2020 to reach a profit pool of approximately $30.3bn. Gulf
Cooperation Council (GCC) countries added $91bn in Shari’ah-
compliant assets in 2015, representing a growth of 18% YoY. If
Bahrain, Kuwait and Pakistan are added to the core markets,
altogether they account for 93% of the global industry assets in
Islamic banking, which are estimated to exceed $920bn in 2015.
The study also forecast the development of the industry up to
2020. By that year, the total Islamic banking assets of commercial
banks in the six core markets are expected to reach $1.6tn and
their overall profit pool is expected to reach $27.8bn. In terms of
Islamic banking market share, Saudi Arabia, Kuwait, Bahrain and
Qatar are expected to be the major players by 2020, with the GCC
providing additional acceleration for future growth of the industry.
Turkey is expected to recover from the current temporary setback
due to the political volatility. Looking specifically at Qatar, the
report says that while the national market share of Islamic
banking plateaued in the recent past, this changed during 2014
when it achieved a noticeable increase and became the third
largest contributor toward global growth in Islamic banking.
Shari’ah-compliant assets of Qatar’s banks grew three times higher
than conventional banking. However, the supply-side initiatives or
the launch of new Islamic banks would be needed if Islamic
banking in Qatar wishes to go mainstream. In total, Qatar had a
national market share of Islamic banking assets of 20.8%, or
$72bn in 2014, and a global share of 8.1%. (Gulf-Times.com)
Qatar private sector may feel heat if QCB responds to Fed liftoff –
According to experts, Qatar which has not yet responded to the
liftoff of interest rate by the US Federal Reserve, can afford to wait
in the short term, but will have to eventually reciprocate, which
may slowdown the private sector that is increasingly becoming a
growth engine for the country. A banking source said given that
consumer price index inflation is benign and strong growth has to
emerge, especially from the non-hydrocarbon sector, conventional
wisdom suggests continuing with an expansionary monetary
policy over the short-term. Highlighting that the 2016 budget has
itself spelt out the need for raising finance from domestic markets
to plug the more than 26% decline in expected revenues, he said
an interest hike in such a scenario would put additional burden on
the exchequer. Saudi Arabia, the UAE, Kuwait and Bahrain had
increased interest rates, following the Fed’s decision to hike the
rate by 25 basis points, after keeping it near zero for the last seven
years. Qatar Central Bank (QCB) Governor HE Sheikh Abdulla bin
Saoud al-Thani had said in October that Qatar might not need to
increase the interest rates based on the liquidity and looking at the
domestic environment. QCB’s policy rates such as QMR deposit
rate stands at 0.75%, QMR lending rate at 4.5% and repo rate at
4.5%. The deposit and lending rates are announced by the QCB on
overnight deposit and loan deals between it and local banks
through the Qatar Money Market Rate Standing Facility (QMR),
respectively. The Federal Open Market Committee projections
4. Page 4 of 7
suggest that the rate is expected to rise to about 1.4% by 2016-
end, suggesting four more increases over the coming 12 months.
Qatar banking sources said in the long term, it will eventually
prompt the QCB, whose monetary policies are linked to riyal’s
fixed peg with the dollar, to reciprocate. The Ministry of
Development Planning & Statistics (MDPS), in its Qatar Economic
Outlook 2015-17 Update, had said domestic interest rates in Qatar
are likely to rise during 2015-17 on rising funding needs of
government and commercial banks and “accentuated” by the Fed
liftoff. (Gulf-Times.com)
Waseela opens new Qatar office to tap priority market – Integrated
ICT system and service solutions provider Waseela has launched
its Qatar office as its continues its regional expansion. Through its
new branch in Doha’s Gate Building Tower 2, Waseela taps into
growing demand for integrated ICT systems in Qatar as the
country’s construction boom gathers momentum. Waseela’s Qatar
office offers clients in the country a full spectrum of solutions and
services provided by its subsidiary companies, with smart
solutions for mega construction projects a key area of focus. The
firm is also undertaking specialized projects in the country such as
deploying broadband wireless networks for public security
surveillance, creating public safety wireless systems in
underground tunnels, installing 3G and 4G systems, and delivering
turnkey integrated solutions combining ICT with Extremely Low
Voltage (ELV) and Building Management Systems (BMS).
(AmeInfo.com)
International
US home prices rise slightly in October 2015 – Annualized US
single-family home prices rose in October 2015 at a slightly faster
pace than in September and above market expectations. The
S&P/Case Shiller composite index of 20 metropolitan areas gained
5.5% in October on a YoY basis compared with 5.4% in the year to
September 2015. It was just above the 5.4% estimate from a
Reuters poll of economists. S&P Dow Jones Indices Managing
Director and Chairman of the index committee, David M. Blitzer
said the generally good economic conditions continue to support
gains in home prices. Among the positive factors are consumers’
expectations of low inflation and further economic growth as well
as recent increases in residential construction including single
family housing starts. Inventories of existing homes have averaged
around a five month supply for last year, a level that suggests a
fairly tight market with limited supplies. (Reuters)
Barclays in $13.75mn US settlement over mutual funds – Barclays
Plc will pay more than $13.75mn to settle US regulatory charges
that it let retail brokerage customers make unsuitable mutual fund
transactions, including more than 6,100 fund switches, over a five-
year period. The Financial Industry Regulatory Authority(FINRA)
said the London-based bank's Barclays Capital Inc unit will pay
more than $10mn in restitution, including interest, to affected
customers, and was fined $3.75mn. Barclays did not admit or deny
wrongdoing in agreeing to the settlement, which includes a
censure. FINRA said that from January 2010 to June 2015,
Barclays' inadequate supervisory procedures failed to stop many
customers from swapping one mutual fund for another when the
benefits of switching might be undermined by the transaction
costs. This caused $8.63mn of harm to customers, most of whom
were not warned of such costs. (Reuters)
PBOC to launch new macro-prudential regime to curb risks –
Chinese central bank, People's Bank of China (PBOC), said it will
introduce a new system to assess macro-prudential risks in the
financial system in 2016 as the country's banking assets become
more diversified. The Macro-Prudential Assessment (MPA) system
will replace the current regime of "dynamic adjustments in
differentiated reserve requirements and desirable loan
management" that has been in place since 2011. Under the existing
assessment system, the PBOC uses window guidance and applies
different reserve requirement ratios to different banks to get
lenders to issue loans at a pace that is appropriate to their
respective sizes. The new assessment system will cover banks'
capital adequacy and leverage ratios, assets and liabilities,
liquidity and foreign debt risks. It will also monitor banks' pricing
of interest rates to prevent them from engaging in "vicious
competition". Meanwhile, preliminary data from State
Administration of Foreign Exchange (SAFE) showed a $63.4bn
current account surplus and a $63.4bn deficit on the capital and
financial account in 3Q2015. (Reuters)
Ukraine central bank expects next tranche of IMF funds in January –
Ukraine central bank Governor Valeriya Gontareva said the
country expects at least one tranche of funding, its third, from the
International Monetary Fund (IMF) in January as Kiev has fulfilled
all preconditions. Ukraine had expected the third tranche, worth
$1.7bn, by the end of 2015. Gontareva said it might now receive
the fourth tranche, also of $1.7bn, at the same time as the third.
Meanwhile, she said the country’s inflation this year had hit 44%,
up from 24.9% in 2014 and foreign exchange reserves had
remained roughly stable at $13.3bn from $13.1bn as of December
01, 2015. The Parliament approved a budget for 2016, a major
condition to secure the next tranche of financial aid under a
$17.5bn IMF loan package as the country teeters on the edge of
bankruptcy. The Parliament backed the government's proposal to
adopt the budget with the deficit at 3.7% of GDP, the figure agreed
with the IMF. Ukraine has already received about $11bn in 2015
from the IMF and other international lenders to shore up its
finances, which were crippled by separatist conflict and years of
economic mismanagement and corruption. (Reuters)
Regional
SASCO BoD recommends 5% cash dividend for 2015 – Saudi
Automotive Services Company’s (SASCO) board of directors (BoD)
has recommended the distribution of 5% (SR0.5 per share) cash
dividend for the fiscal year 2015, amounting to SR27mn. The
eligibility of dividend shall be for shareholders registered in the
registers of the Securities Depository Center (Tadawul) on the
general assembly meeting day, which will be announced later.
Meanwhile, SASCO said that financial impact of increment in the
electricity, fuel and water prices in the Kingdom will reflect on its
financial statements starting from 1Q2016, while the actual value
of this impact cannot be determined currently. (Tadawul)
SCC updates on second sanitary ware plant project – Saudi Ceramic
Company (SCC) announced that it had completed the majority of
stages of the second sanitary ware plant. The remaining part of the
project is related to final installation of certain machinery to start
trial production. SCC expects to complete installation of the
remaining machinery of the project and start the trial production
by 1Q2016-end. Meanwhile, SCC said that due to the recent
increase in power supply prices, there will be a material impact on
its operating costs during 2016 and the company will make efforts
to deal with these changes and reduce their impact on its financial
results. (Tadawul)
SFG BoD proposes 4.5% dividend for 2H2015 – Samba Financial
Group’s (SFG) board of directors (BoD) has proposed the
distribution of 4.5% (45 halalas per share) dividend for 2H2015
amounting to SR1,134mn. The eligibility of dividend shall be for
the shareholders registered in the registers of the Securities
Depository Center (Tadawul) as at the end of trading hours on the
general assembly meeting day, to be held during 1Q2016.
(Tadawul)
Bank Aljazira shareholders ratify convention signed with AlJazira
Takaful Taawuni – Bank AlJazira’s extraordinary general assembly
5. Page 5 of 7
has ratified the convention signed with AlJazira Takaful Taawuni
Company (related party) to provide collective insurance services
for the bank’s financing portfolios amounting to SR12.95mn. The
shareholders also ratified another convention signed with AlJazira
Takaful on the renewal of the convention of the bank’s collective
insurance personal finance portfolios amounting to SR16.9mn.
(Tadawul)
Saudi Aramco to build $2.1bn gas industrial complex – Saudi
Arabian Oil Company (Saudi Aramco) is planning to build the
world’s largest industrial gas complex at a total cost of $2.1bn. The
project will be built, owned and operated by Arabian Company for
Water & Power Development (ACWA) and US-based Air Products
& Chemicals. The venture will supply Saudi Aramco with 18,500
metric tons (MT) of oxygen per day and 56,000 MT of nitrogen
that will go to its new oil refinery, whose output is expected to be
400,000 barrels per day. Part of the complex’s nitrogen production
will go to a natural gas-fired power station currently being built in
Jazan with a capacity of 3,700 megawatts (MW). Saudi Fransi bank,
Samba Financial Group, Al-Inma Bank, Saudi British Bank (SABB),
National Commercial Bank, Mizuho Bank, Societe Generale, Bank
Sumitomo Mitsui, Bank of Tokyo-Mitsubishi UFJ and First Gulf
Bank are co-funding the investment evenly. (Ameinfo.com)
SPC: Higher gas prices to impact 2016 financials – Sahara
Petrochemicals Company (SPC) has said that the impact of
increase in gas prices, coupled with hike in electricity charges, will
be reflected in the financial statements for 2016. The company
said it is working on the calculation of the financial impact, and
will announce the expected figure as soon as possible. (Tadawul)
Saudi Cement suffers SR66.15mn loss from non-operational kilns –
Saudi Cement Company has incurred SR66.15mn impairment loss
for the net book values of kilns 4 and 5 at the Hofuf factory as at
December 31, 2015. The loss has been recognized due to the
continuation of high clinker inventory and continued export ban,
which together has reduced the possibility of the kilns’ operation
in the foreseeable future to a great extent. It is to be noted that
kilns are not in operation since the completion of rehabilitation
works in September 2014. The profit of the company for 4Q2015
as well as financial year 2015 will be reduced by the amount of the
aforementioned loss. (Tadawul)
Chemanol estimates impact of increase in gas prices at SR30mn –
Methanol Chemical Company (Chemanol) has said that the
expected financial impact due to the incremental increase in gas
will be around SR30mn annually. Gas prices were increased to
$1.25 per million British thermal units (MMBTU) from $0.75 per
MMBTU, along with an increase in electricity tariff. Such impact
will be reflected in the financial results of 2016 and will represent
an additional cost of production of around 5% as compared to
2015. The company said it will make all possible efforts to contain
these changes, especially amid decline in its products that were
impacted by falling oil prices and global economic fluctuations.
(GulfBase.com)
KSA to cut reliance on foreign workers – Saudi Arabia has
announced plans to reduce its reliance on expat workers by
recruiting only workers with technical skills and monitoring
investments closely. Finance Minister Ibrahim Al-Assaf said the
Kingdom will now be more selective in hiring foreign workers.
Dismissing rumors and allaying fears of expatriates, he said the
Kingdom has no plans to impose taxes on the income of
expatriates. (GulfBase.com)
NCB wins approval for derivatives unit – National Commercial Bank
(NCB) has received the regulatory approval to set up a subsidiary
to engage in derivatives trading and repo activities. The Cayman
Islands-based unit, Saudi National Commercial Bank Markets
Limited will be 100% owned by NCB and will have a paid-up
capital of $50,000. The bank said there would be no financial
impact on NCB’s current financial statements due to the
establishment of the company. (Bloomberg)
Mobily agrees with majority of lenders to waive breach – Etihad
Etisalat Company (Mobily) has agreed with the majority of its
lenders to waive the breach of covenant under several loan
facilities totaling SR12.1bn. Mobily said it is still in negotiations
with others lenders relating to its export credit agency facilities
and other bilateral facilities to reach a similar waiver agreement.
The company had revealed in February 2015 that it was in breach
of the terms of loans from various lenders after issuing a
drastically reduced restatement of previously announced profit. It
had hoped to reach an agreement with lenders to set new
covenants for some outstanding loans by 2015-end. (Reuters)
Saudi listed companies assess financial impact resulting from fuel,
energy price hike – Several Saudi Arabian-listed companies have
informed that their financials will be impacted in 2016 and
afterwards due to the recent increase in fuel and energy prices by
Saudi government. The companies, namely, Saudi Cable Company,
Almarai Company, Northern Region Cement Company, Abdullah A.
M. Al-Khodari Sons Company and Saudi Arabian Mining Company
(Ma’aden) have said they are currently working to assess the
extent of financial impact and will announce the results of this
study upon its completion. (Tadawul)
Economic shake-up shows KSA bracing for cheap oil – Saudi
Arabia’s planned cuts in spending and energy subsidies is signaling
that the world’s largest crude exporter is bracing for a prolonged
period of low oil prices. The OPEC heavyweight shows no signs of
wavering in the long-term oil strategy it has been orchestrating
since 2014. Instead, it appears willing to continue tolerating cheap
crude to defend market share and wait for the market to balance
without cutting supplies and oil sources. Saudi Aramco Chairman
Khalid Al Falih said the Kingdom expects the market to balance
sometime in 2016. Analysts said the plans announced on
December 28 to shrink the record state budget deficit with
spending cuts, reforms to energy subsidies and a drive to raise
revenues from taxes and privatization showed Riyadh was
expecting lower revenues. (Reuters)
Etisalat Group launches first 4K IPTV service in MEA – Emirates
Telecommunications Group Company (Etisalat Group) has
partnered with Huawei to introduce an ultra HD 4K IPTV service in
the Middle East and Africa (MEA), which will be available
exclusively for Etisalat’s eLife customers in the UAE starting in
1Q2016. Etisalat Group’s eLife customers can now enjoy access to
a 4K linear channel and VoD service through Etisalat’s new 4K set-
top box. (Ameinfo.com)
Cybergun opens second center of recreational shooting in Abu
Dhabi – Cybergun SA has opened its second center of recreational
shooting in Abu Dhabi in the UAE. Cybergun said this launching is
done within the relaunching of the soft air battle zone concept
together with the new associate Tasleeh Entertainment. (Reuters)
GHC appoints CDO – Gulf Holding Company (GHC) has appointed
Laith Yousif Al Memar as its Chief Development Officer (CDO). In
his new role, Al Memar will oversee GHC’s real estate projects
across the region. (GulfBase.com)
NBK: Kuwait’s credit growth up 6.6% YoY in October 2015 –
According to a report by the National Bank of Kuwait (NBK), credit
had grown at the most rapid pace in over a year in October 2015,
rising 6.6% YoY, despite a small decline of KD22mn MoM. The
report noted that the Central Bank of Kuwait (CBK) increased its
discount rate by 25 basis points (bps) to 2.25% in December 2015,
following the policy rate hike by the US Federal Reserve. The rate
had remained unchanged at 2% for over three years. NBK said that
the country’s household debt had increased 13.1% YoY to
6. Page 6 of 7
KD107mn in October. Non-bank financial companies resumed
their net reduction of bank credit, with a decline of KD27mn. As
per the report, private deposits had kept their decline in October
2015, registering a relatively large drop of KD776mn. Government
deposits with domestic banks had soared by KD219mn in October
and were up by KD527mn since July 2015. The ratio of
government deposits to bank assets had risen to 10% in October
2015 from 9% in July 2015. System liquidity is still relatively
comfortable, though it has come under some pressure recently.
Banks’ core liquid assets had stood at KD5.1bn in October 2015 or
9% of total bank assets, down from 10-11% before the summer.
(GulfBase.com)
Ominvest establishes new subsidiary – Oman International
Development & Investment Company’s (Ominvest) board of
directors has approved the establishment of a new subsidiary,
ONIC SAOC with an authorized capital of OMR50mn and a paid-up
capital of OMR20mn. The new company’s capital will be 98%
owned by Ominvest, 1% by Oman Investment Services and 1% by
Salalah Resorts. To enable it to have a greater focus in managing
its financial investments, Ominvest’s non-strategic financial
investments (public and private) will be transferred to its new
subsidiary ONIC. This will lead to realizing efficiencies in the
investment decision making process. Such transfers will have no
bearing on Ominvest’s consolidated (group level) financials,
including the earning per share and book value per share as these
transfers are essentially inter-group transactions. (MSM)
Omantel launches SIP Trunking service for corporate customers –
Oman Telecommunications Company (Omantel) has launched the
Session Initiation Protocol (SIP) Trunking service for its corporate
customers, enabling a large number of enterprises to benefit from
the internet protocol and value added services provided by SIP.
(GulfBase.com)
Bank Sohar to fund OMR40mn for Omran’s JW Marriot Hotel – Bank
Sohar will fund OMR39.68mn for building JW Marriott Hotel by
Oman Tourism Development Company (Omran), which is coming
up at the Oman Convention & Exhibition Centre (OCEC) precincts
and is a part of the emerging Al-Irfan City developed by Omran.
The new five-star hotel will be operated under the JW Marriott
brand. The hotel, currently under construction, includes state-of-
the-art food and beverage outlets, meeting facilities and a health &
leisure club. Once completed, it will add an additional 304 keys to
hotel offerings in the Sultanate. (GulfBase.com)
Batelco appoints Group CEO – Bahrain Telecommunications
Company (Batelco) has appointed Ihab Hinnawi as its Group CEO.
Ihab has been holding the post of Acting Group CEO since February
2015 and has shown excellent leadership skills in directing
operations across the group’s 14 geographies since. (Bahrain
Bourse)
GFH reveals reason for reconsidering delisting from KSE – GFH
Financial Group has said that the latest amendments to the
implementing regulations of Kuwait’s Capital Markets Authority
(CMA) have made its board of directors (BoD) reconsider their
earlier decision of delisting from the Kuwait Stock Exchange
(KSE). GFH said the new regulations have resolved many shortfalls
of the preceding regulations on disclosure and transparency,
including those which conflicted with GFH’s other regulators’
requirements. The company noted that the new amendments
would allow listed firms to postpone the disclosure of material
information without getting the CMA’s prior approval, until a
binding agreement has been reached in respect of the transaction
or process, if such information might cause harm to the
confidentiality of the negotiations or initial procedures for the
transaction to be carried out. (Bahrain Bourse)
TRA: Key broadband services cheaper in Bahrain – The
Telecommunications Regulatory Authority’s (TRA) latest retail
price benchmark study of telecommunication services in Arab
countries has revealed that fixed and mobile broadband prices in
Bahrain are lower than the Organization of Economic Cooperation
and Development average. As per the study, mobile broadband
services in Bahrain have become cheaper by up to 55% and fixed
services by up to 85% between 2010 and 2015. The study also
showed customers in Bahrain have benefited from a wide range of
retail telecom services and more data at lower prices.
(GulfBase.com)
7. Contacts
Saugata Sarkar Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
`
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the Qatar Financial
Markets Authority and the Qatar Exchange QNB SAQ 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. QNBFS accepts no liability whatsoever for any direct or indirect
losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We therefore
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Page 7 of 7
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
Nov-11 Nov-12 Nov-13 Nov-14 Nov-15
QSE Index S&P Pan Arab S&P GCC
(0.9%)
0.0%
(0.8%)
(0.2%) (0.1%)
1.0%
0.5%
(1.0%)
(0.5%)
0.0%
0.5%
1.0%
1.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,069.10 (0.0) (0.6) (9.8) MSCI World Index 1,685.62 0.9 0.7 (1.4)
Silver/Ounce 13.96 0.2 (2.8) (11.1) DJ Industrial 17,720.98 1.1 1.0 (0.6)
Crude Oil (Brent)/Barrel (FM Future) 37.79 3.2 (0.3) (34.1) S&P 500 2,078.36 1.1 0.8 0.9
Crude Oil (WTI)/Barrel (FM Future) 37.87 2.9 (0.6) (28.9) NASDAQ 100 5,107.94 1.3 1.2 7.9
Natural Gas (Henry Hub)/MMBtu 2.37 13.6 54.9 (21.0) STOXX 600 369.68 1.0 0.7 (2.5)
LPG Propane (Arab Gulf)/Ton 39.25 3.3 1.6 (19.9) DAX 10,860.14 1.5 1.7 (0.4)
LPG Butane (Arab Gulf)/Ton 55.00 3.0 0.9 (12.4) FTSE 100 6,314.57 0.1 0.1 (8.6)
Euro 1.09 (0.4) (0.4) (9.7) CAC 40 4,701.36 1.4 0.6 (0.6)
Yen 120.46 0.0 0.1 0.6 Nikkei 18,982.23 0.5 1.1 7.9
GBP 1.48 (0.4) (0.6) (4.9) MSCI EM 799.69 (0.1) (0.6) (16.4)
CHF 1.01 (0.5) (0.5) 0.1 SHANGHAI SE Composite 3,563.74 0.9 (2.1) 5.5
AUD 0.73 0.6 0.2 (10.8) HANG SENG 21,999.62 0.4 (0.6) (6.8)
USD Index 98.10 0.2 0.3 8.7 BSE SENSEX 26,079.48 (0.1) 0.6 (9.5)
RUB 72.31 0.1 2.3 19.0 Bovespa 43,653.97 (1.0) 1.0 (40.6)
BRL 0.26 (0.2) 2.1 (31.4) RTS 769.64 1.8 (0.4) (2.7)
121.9
104.6
102.8