An RSS feed generated from the news aggregator for CPI Financial http://www.cpifinancial.net/news Mon, 17 Jun 2013 00:00:00 -0500 Tue, 18 Jun 2013 02:01:17 -0500 copyrights 2013 CPI Financial. All rights reserved. en Turkey's central bank kept interest rates on hold on Tuesday but said capital inflows had fallen and hinted it could act again to support the lira, under pressure from domestic unrest and uncertain global liquidity conditions. http://www.cpifinancial.net/news/category/economics/post/21409/turkish-central-bank-keeps-rates-on-hold-as-inflows-fall net.cpifinancial.news.news-21409 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Markets Some short-term delay in public investment and economic reform may result from Sunday's ruling by the Kuwaiti constitutional court and the consequent dissolution of the government-friendly parliament, Fitch Ratings says. http://www.cpifinancial.net/news/category/economics/post/21404/fitch-kuwait-court-ruling-may-cause-short-term-delay-to-reforms net.cpifinancial.news.news-21404 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Despite relatively steady economic growth, many financial professionals working in the Middle East still experience work-related stress, according to a survey by eFinancialCareers http://www.cpifinancial.net/news/category/economics/post/21403/middle-east-finance-professionals-most-stressed-in-the-world net.cpifinancial.news.news-21403 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Fitch Ratings has affirmed Jebel Ali Free Zone FZE's (JAFZ) Long-term Issuer Default Rating (IDR) at 'B+', with a Stable Outlook. http://www.cpifinancial.net/news/category/economics/post/21401/fitch-affirms-jebel-ali-free-zone-fze-at-b net.cpifinancial.news.news-21401 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Despite the events of the Arab Spring, FDI inflows into Arab countries rose during 2012 by 9.8 per cent to reach $47.1 billion compared to $42.9 in 2011, according to the Arab Investment & Export Credit Guarantee Corporation (Dhaman)’s report Investment Climate in Arab Countries 2012-2013". http://www.cpifinancial.net/news/category/economics/post/21392/fdi-inflows-to-arab-countries-grow-9-8-per-cent-to-reach-47-1-billion-in-2012 net.cpifinancial.news.news-21392 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics The Arab Monetary Fund (AMF) will provide a $144 million loan to Yemen this year to help its financial reform programme, the fund said on Monday. http://www.cpifinancial.net/news/category/economics/post/21387/yemen-to-receive-144-mln-loan-from-arab-monetary-fund-in-2013 net.cpifinancial.news.news-21387 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Commercial Banking Economics The visit aims to strengthen bilateral relations with the free zone. http://www.cpifinancial.net/news/category/economics/post/21385/singapore-consul-general-visits-jafza net.cpifinancial.news.news-21385 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Tunisia may spend over a billion dollars to recapitalise its state-owned banks as the government struggles to stabilise the economy after the 2011 revolution, Tunisian authorities have told the International Monetary Fund. http://www.cpifinancial.net/news/category/economics/post/21383/tunisia-may-spend-over-1-bln-to-recapitalise-banks net.cpifinancial.news.news-21383 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Commercial Banking Economics Egyptian Investment Minister Yehya Hamed said on Monday he aimed to boost Egypt's anaemic economic growth to as high as seven per cent in two years by improving the environment for private investors. http://www.cpifinancial.net/news/category/economics/post/21382/egypt-investment-minister-aims-for-seven-pct-growth-in-two-years net.cpifinancial.news.news-21382 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Remains overweight on Savola and Neutral on Almarai Volatility in global food prices, reliance on imports and a lack of pricing power are key concerns, said NCB http://www.cpifinancial.net/news/category/economics/post/21378/ncb-capital-maintains-positive-outlook-for-saudi-food-and-agriculture-sector net.cpifinancial.news.news-21378 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics The IMF’s Africa Training Institute started operations today, welcoming 28 participants from sub-Saharan Africa to its first training course in Pointe aux Piments, Mauritius. The two-week course is focused on Economic Issues in Regional Integration. The Africa Training Institute plans to train over 200 officials per year through eight two-week courses. http://www.cpifinancial.net/news/category/economics/post/21370/imfs-africa-training-institute-starts-operations-in-mauritius net.cpifinancial.news.news-21370 Tue, 18 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Aldar Properties and Arabtec Holding announced the award of a  contract valued at nearly AED 4 billion to an Arabtec-led JV  for the  development of  the Abu Dhabi Plaza in Astana, Kazakhstan. The joint venture brings together Arabtec Holding PJSC and Consolidated Contractors Group SAL (Holding Company) (CCC). http://www.cpifinancial.net/news/category/economics/post/21364/aldar-awards-near-aed-4-billion-contract-in-kazakhstan-to-arabtec-led-jv net.cpifinancial.news.news-21364 Mon, 17 Jun 2013 00:00:00 -0500 CPI Financial News Channel Investments Economics Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical , has signed a fundraising package for the $19.3 billion petrochemical complex it is building in the east of the kingdom, three banking sources said on Sunday. http://www.cpifinancial.net/news/category/economics/post/21356/saudi-aramco-dow-jv-raises-funding-for-19-billion-project net.cpifinancial.news.news-21356 Mon, 17 Jun 2013 00:00:00 -0500 CPI Financial News Channel Commercial Banking Investments Economics United Arab Emirates-based water and waste-water specialist Metito has secured long-term financing to support expansion plans in Indonesia, Egypt and China. http://www.cpifinancial.net/news/category/economics/post/21355/metito-gets-funding-to-expand-in-china-indonesia-and-egypt net.cpifinancial.news.news-21355 Mon, 17 Jun 2013 00:00:00 -0500 CPI Financial News Channel Investments Economics Growing opportunities between GCC and Indian SME is vital for bilateral sustainability, said Dr. Seetharaman, Group CEO, Doha Bank. Addressing the audience at the INDIA SME BUSINESS CONCLAVE in Mumbai on 15 June, Dr. Seetharaman said business connectivity can be improved if SMEs improve their competitiveness. http://www.cpifinancial.net/news/category/economics/post/21351/cooperation-between-gcc-and-indian-smes-vital-for-bilateral-sustainability net.cpifinancial.news.news-21351 Mon, 17 Jun 2013 00:00:00 -0500 CPI Financial News Channel SME Finance Economics Notwithstanding significant headwinds from the global economy and domestic political uncertainty in a number of MENA countries, the region is expected to grow in the range of 3.5 per cent to four per cent this year and 4.5 per cent to five per cent in 2014, according to QNB Group. http://www.cpifinancial.net/news/category/economics/post/21334/qnb-group-menas-economic-outlook-remains-strong net.cpifinancial.news.news-21334 Sun, 16 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Moody's Investors Service has upgraded Jebel Ali Free Zone FZE's (JAFZ) Corporate Family Rating (CFR) to Ba3 from B1, Probability of Default Rating (PDR) to Ba3-PD, and the rating on the US dollar-denominated trust certificates (Sukuk) issued by JAFZ Sukuk to Ba3. http://www.cpifinancial.net/news/category/economics/post/21332/moodys-upgrades-jafzs-ratings-to-ba3-on-review-for-further-upgrade net.cpifinancial.news.news-21332 Sun, 16 Jun 2013 00:00:00 -0500 CPI Financial News Channel Islamic Finance Economics Moody's Investors Service has placed Bahrain's Baa1 government issuer rating on review for possible downgrade as the country’s debt rises. http://www.cpifinancial.net/news/category/economics/post/21331/moodys-places-bahrains-government-issuer-rating-on-review-for-possible-downgrade net.cpifinancial.news.news-21331 Sun, 16 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Household debt accelerated further in the first quarter, and consumer spending and job growth also picked up, according to an Economic Update from National Bank of Kuwait (NBK) http://www.cpifinancial.net/news/category/economics/post/21330/nbk-kuwait-household-debt-accelerates-in-q1 net.cpifinancial.news.news-21330 Sun, 16 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Morocco will cut subsidy spending by 20 percent to 42 billion dirhams ($5 billion) or less in 2013 - depending on international commodities prices, the general affairs minister said on Friday, as an IMF delegation audits the country's finances. http://www.cpifinancial.net/news/category/economics/post/21324/morocco-says-aims-to-cut-subsidies-if-commodity-prices-allow net.cpifinancial.news.news-21324 Sun, 16 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday. The loan, needed to help stabilise Egypt's balance of payments and state finances, has been under discussion for two years but agreement has repeatedly been postponed by political unrest in the country and the government's reluctance to commit to austerity measures. "The IMF is verifying numbers with the government regarding the programme and they are in late stages of verifying all the numbers," central bank governor Hisham Ramez told reporters after a meeting of regional central bank chiefs in Abu Dhabi on Saturday. There have been no changes to the plan or the amount of aid the country is seeking, he added. "The programme is as it was planned by the Egyptian government. It is $4.8 billion that they have been talking to them about." He said he could not offer any estimate for when the talks would finish, adding that as far as he knew, there were no talks underway with other countries for Egypt to obtain fresh financial aid in the form of deposits in its central bank. Last month, the IMF's Deputy Managing Director Nemat Shafik told Reuters that the Fund was ready to sign the loan agreement with Egypt before or after the next parliamentary elections, but it was up to the government to move forward. http://www.cpifinancial.net/news/category/economics/post/21322/egypt-in-late-stages-of-verifying-reform-plan-with-imf-c-bank net.cpifinancial.news.news-21322 Sun, 16 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Kuwait Financial Centre 'Markaz' recently published its GCC Retail report. In this research note, Markaz analyses the retail sector dynamics, identifies the current and potential market size for various sub-segments. The report also discusses the key drivers of demand, identifies emerging trends and characterizes the challenges in retail sector. http://www.cpifinancial.net/news/category/economics/post/21318/retail-market-in-gcc-to-reach-221-billion-by-2015 net.cpifinancial.news.news-21318 Thu, 13 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics The United Arab Emirates is succeeding in strengthening its state finances by restraining spending, and managed last year to reduce the oil price which it needs to balance its budget, the International Monetary Fund said on Thursday. http://www.cpifinancial.net/news/category/economics/post/21317/uae-finances-strengthening-but-risks-in-dubai-imf net.cpifinancial.news.news-21317 Thu, 13 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Arun Panchariya, Principal of Global Finance & Capital Limited (GFCL), has announced that the UK FCA-registered corporate finance adviser has been appointed to provide exclusive advisory services to the Government of the Federal Republic of Somalia.  Somalia’s first ‘National Infrastructure & Development Fund’ (NIDF) will be administered by a newly created ‘Development Bank’. http://www.cpifinancial.net/news/category/economics/post/21312/somalia-appoints-global-finance-capital-adviser-to-infrastructure-fund-development-bank net.cpifinancial.news.news-21312 Thu, 13 Jun 2013 00:00:00 -0500 CPI Financial News Channel Investment Banking Economics Revenue from Egypt's Suez Canal rose one per cent in May from a year earlier to $438.1 million, Egypt's State Information Portal said on Thursday. http://www.cpifinancial.net/news/category/economics/post/21311/egypts-suez-canal-may-revenue-rises-one-pct-year-on-year net.cpifinancial.news.news-21311 Thu, 13 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Chief: "[This] will attract further overseas investment to the UAE" http://www.cpifinancial.net/news/category/economics/post/21297/nasdaq-dubai-welcomes-mscis-upgrade-of-uae net.cpifinancial.news.news-21297 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Markets Oman needs to contain state spending and raise non-oil revenue in the medium term to keep its fiscal balance sustainable, the International Monetary Fund said on Wednesday. http://www.cpifinancial.net/news/category/economics/post/21294/oman-needs-to-slash-spending-to-keep-budget-sustainable-imf net.cpifinancial.news.news-21294 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Exchange CEO: "[This] is a very positive step for the development of Qatar Exchange and is likely to draw more international investors into the country's equity markets." http://www.cpifinancial.net/news/category/economics/post/21292/qatar-exchange-welcomes-msci-decision-to-upgrade-qatar-to-emerging-market net.cpifinancial.news.news-21292 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Markets UAE and Qatar's years of efforts have finally been rewarded as both countries have been upgraded to "emerging market" status thanks to steps taken by exchange officials in both countries to win the confidence of global investors, said Global Investment House (Global) http://www.cpifinancial.net/news/category/economics/post/21291/global-uae-qatars-status-upgrade-positive-for-regional-capital-markets net.cpifinancial.news.news-21291 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Markets Morgan Stanley Capital International (MSCI) upgraded the Qatari capital market in the MSCI index from Frontier to Emerging Market status as part of the May 2014 Semi‐Annual Index Review. http://www.cpifinancial.net/news/category/economics/post/21290/msci-upgrades-qatari-capital-market-to-emerging-market-status net.cpifinancial.news.news-21290 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Markets du hosted more than 400 CEOs from UAE businesses at the du CEO Forum 2013, the fourth event of its kind held under the company’s Leadership Series. http://www.cpifinancial.net/news/category/economics/post/21288/malcolm-gladwell-calls-for-social-risk-taking-at-dus-fourth-ceo-forum net.cpifinancial.news.news-21288 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics 11 leading South African suppliers showcased at UAE's Automechanika Show. http://www.cpifinancial.net/news/category/economics/post/21287/automotive-exports-from-south-africa-to-the-uae-almost-double-in-one-year net.cpifinancial.news.news-21287 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday, after demoting the former and then raising concerns about getting money out of the latter. http://www.cpifinancial.net/news/category/economics/post/21286/msci-stirs-fears-about-greece-and-egypt net.cpifinancial.news.news-21286 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics The Free Zone eyes 50 per cent increase in the number of Korean companies in the next two years. http://www.cpifinancial.net/news/category/economics/post/21283/jafza-concludes-korea-roadshow-to-stir-korean-investor-interest-in-the-dubai-free-zone net.cpifinancial.news.news-21283 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Organizers of next January’s World Future Energy Summit (WFES) in Abu Dhabi, hosted by Masdar, have used a recent roadshow to France to capitalize on the growing commitment to energy efficiency by French companies. http://www.cpifinancial.net/news/category/economics/post/21282/french-companies-to-bring-their-energy-efficiency-solutions-to-world-future-energy-summit-2014 net.cpifinancial.news.news-21282 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Qatar and the UAE’s upgrade from Frontier Market to Emerging Market status has positive implications for Kuwait in the Frontier Market realm, according to NBK Capital MENA research http://www.cpifinancial.net/news/category/economics/post/21281/nbk-msci-upgrade-of-uae-qatar-bodes-well-for-kuwait net.cpifinancial.news.news-21281 Wed, 12 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Annual inflation in Yemen surged to 14 percent in April, the highest level since February 2012, fuelled by rises in the prices of food, tobacco and qat, central bank data showed on Tuesday. http://www.cpifinancial.net/news/category/economics/post/21266/yemen-inflation-hits-14-mth-high-of-14-pct-in-april net.cpifinancial.news.news-21266 Tue, 11 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics Growth in Dubai's gross domestic product accelerated to 5.3 percent year-on-year in the fourth quarter of 2012, the government's statistics centre said on Tuesday. http://www.cpifinancial.net/news/category/economics/post/21258/dubai-gdp-grew-5-3-pct-in-q4-4-4-pct-in-2012 net.cpifinancial.news.news-21258 Tue, 11 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics On the final leg of their CIS Regional Trade Mission to Kazakhstan and Uzbekistan, the Dubai Chamber of Commerce and Industry organised a strategic business forum as well as a meeting with H.E. Elyor Ganiev, Uzbek Minister for Foreign Economic Relations, Investment and Trade, emphasising on establishing rewarding business partnerships between the two sides. http://www.cpifinancial.net/news/category/economics/post/21251/dubai-chambers-cis-regional-trade-mission-concludes-in-uzbekistan net.cpifinancial.news.news-21251 Tue, 11 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics With an average of 25 per cent of the MENA region's youth unemployed, and over 40 per cent inactive, 85 million additional jobs will be required in the next 10 years just to reach the global average. Infrastructure investment and reform of labour markets and education systems will all be needed to tackle the issue, says Majid Jafar, CEO of Crescent Petroleum and Vice-Chairman of the Global Agenda Council on Youth Unemployment at the World Economic Forum. http://www.cpifinancial.net/news/category/economics/post/21245/youth-unemployment-rates-in-the-mena-region-are-the-highest-globally net.cpifinancial.news.news-21245 Tue, 11 Jun 2013 00:00:00 -0500 CPI Financial News Channel Economics