August 2006
Zawya: Persian Gulf
The Weekly Newsletter Aug 9 - 15, 2006
Agriculture | Construction | Commodities | Equities | Financial Services | Healthcare | Legal | Money
Oil & Gas | Power & Utilities | T.M.I.T | Transport | Travel & Tourism
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Inside Corporate Monitor
As a provider of integrated telecommunications services, publicly listed Bahrain Telecommunications Company (Batelco) is the leading mobile operator at home with over 80% penetration rate. After losing the bid for Jordan's latest mobile operator license, Batelco came back a year later and acquired the winner, Umniah Telecom, for a price ten times higher.
Inside MacroWatch
Latest report from
Libya: Country outlook - 11 Aug
More about a zawya Premium subscription
Research Monitor
FEATURED RESEARCH
Jordan Telecom
1H2006 Results - 2Q Better Than Expected
EFG Hermes - 14 Aug 2006
EFG - Hermes maintains a NEUTRAL recommendation for Jordan Telecom (JT). EFG perceives 2006 as a difficult year for JT, given the rising level of competition in the fixed and mobile markets. JT's adjusted fair value on its share is JOD 5.02 implying a 12.55% upside potential to the current share price of JOD4.46
Read Research
More on Research Monitor
As the half yearly results for 2006 begin to roll-out, please visit our 2006 Reporting Season channel to keep abreast of the significant advances that have been made in the region's equity markets.
Visit our Radio Channel daily to hear the best audio interview broadcasts from the award winning Business Breakfast Show on Dubai Eye 103.8FM.
ANALYSIS
Bitten Gulf investors react
Gulf funds return to pastures in the West
Where to next?
Expats make it big in Dubai
Lost in the Middle East
Sukuk Assumes Greater Complexity
THIS WEEK'S TOP STORIES
Persian Gulf Beefing Up Foreign Investment, Wary Of USDow Jones Newswires - 15Aug 14:13GMT
While high energy prices and economic growth are prompting countries in the oil-rich Persian Gulf to increase foreign investment, the region's investors are still wary about sinking revenues into the United States.
COMMODITIES NEWS
Saudi To Allow Exportation Of Scrap Metal
Egypt To Invest EGP1B In Egyptian Iron & Steel
Bahrain's Alba Reaches Record Production Levels
Oman: National Mining plans major investment in development of Ghuzayn copper deposits
Iran: Aluminum import hits all-time 70% low
CONSTRUCTION & REAL ESTATE NEWS
Kuwait To Invest Over KWD2.5 Billion In New Projects
Expatriates suffer as rents go through the roof in Abu Dhabi
DWTC selects architect for AED 16 billion 'masterplan'
Qatar: Barwa Real Estate unveils plan to build city in Egypt
New real estate company formed in Ras Al Khaimah
EQUITIES NEWS
UAE: Regional markets show gains as ceasefire holds
UAE: Sorouh fined for delaying results
Gulf Navigation IPO 3.5 Times Oversubscribed - Shuaa
Red Sea Housing IPO Oversubscribed; Subscription SAR563.3M
Saudi Airlines Expects Bids For Stake In Catering Arm
Saudi CMA Approves New Regulations For GCC Trading
FINANCIAL SERVICES NEWS
DFSA announces major
Islamic Finance initiative with MalaysiaSaudi Arabia: 13 Insurance Firms Likely to Get Licenses Soon
UAE: NBAD finalises plans to launch a $2b Euro bond
UAE: Cash-flush banks make an aggressive move on region
Qatar Islamic Bank Rts Issue 168%-Subscribed At QAR2.38B
Syria's ISC Approves 3
Islamic JV Insurance CosHEALTHCARE NEWS
Kuwait: Otaibi tables proposal on setting up 'Medical City'
Qatar-backed Entrepreneur Eyes UK Nursing Homes
Mubadala & Imperial College London launch Diabetes centre in Abu Dhabi
Globalpharma signs rights deal for five new products
LEGAL NEWS
Condominium law to boost confidence in Dubai realty market
Saudi Arabia: New Law to Prevent Electronic Crimes
Trust law issued in Bahrain
MONEY NEWS
Lebanon: 'Economy gates to reopen'
Dubai ranks as 36th most expensive city
Lebanon Infrastructure Rebuild To Cost $3 Billion
Egypt's Foreign Reserves $23.05 Bln At End Of July
Qatar Central Bank to maintain rate at 5.15pc
OIL & GAS NEWS
Middle East sitting on 62% of world's oilArab refinery output rises by 600,000 bpd
CPC and Adnoc plan $1 billion Abu Dhabi venture
Libya names dates for third round
UAE's IPIC To Sell 35% Of Hyundai Oilbank - Report
POWER & UTILITIES NEWS
GCC electricity inter-exchange grid project to be operational in five years
Umm Al Quwain, Al Rajhi Form Desalination Company
Egypt To Spend EGP33M To Modernize Aswan High Dam
Oman: Hasan Juma Backer bags major water supply project
Bahrain: Major plans to up water supply
TELECOMS, MEDIA & IT NEWS
Middle East spends $4.7 billion on e-security
etisalat to launch second mobile phone area code
Egypt's 3rd Mobile Network To Operate 1Q 07 - Report
Bahrain could get new ISP soon
Saudi Arabia: Mobile Industry Set for Massive Investment With 3G
UAE's Thuraya Signs $60M Deal With Hughes Systems
TRANSPORT NEWS
Dubai close to Dh10.5 billion London Gateway project
DCA launches free wireless Internet service at Dubai Airport
Saudi Arabia: NAS to Launch Low-Budget Regional Carrier
Dubai Ports Clinches New Thames Port Deal
Emirates among top 10 airlines
TRAVEL & TOURISM NEWS
UAE has second highest number of recreational shoppers in the world
Libya opens up tourism sector
Bahrain: Ossis signs MoU with JAL Hotels
Abu Dhabi to improve hospitality sector quality
Bahrain: BD12 million facelift for Adhari
zawya Premium
Inside Corporate Monitor
Taking a Wish
As a provider of integrated telecommunications services, publicly listed Bahrain Telecommunications Company (Batelco) is the leading mobile operator at home with over 80% penetration rate. After losing the bid for Jordan's latest mobile operator license, Batelco came back a year later and acquired the winner, Umniah Telecom, for a price ten times higher.
Inside MacroWatch
Latest report from
Libya: Country outlook - 11 Aug
More about a zawya Premium subscription
Research Monitor
FEATURED RESEARCH
Jordan Telecom
1H2006 Results - 2Q Better Than Expected
EFG Hermes - 14 Aug 2006
EFG - Hermes maintains a NEUTRAL recommendation for Jordan Telecom (JT). EFG perceives 2006 as a difficult year for JT, given the rising level of competition in the fixed and mobile markets. JT's adjusted fair value on its share is JOD 5.02 implying a 12.55% upside potential to the current share price of JOD4.46
Read Research
More on Research Monitor
As the half yearly results for 2006 begin to roll-out, please visit our 2006 Reporting Season channel to keep abreast of the significant advances that have been made in the region's equity markets.
Visit our Radio Channel daily to hear the best audio interview broadcasts from the award winning Business Breakfast Show on Dubai Eye 103.8FM.
ANALYSIS
Bitten Gulf investors react
Gulf funds return to pastures in the West
Where to next?
Expats make it big in Dubai
Lost in the Middle East
Sukuk Assumes Greater ComplexityFEEDBACK : If you have problems viewing this newsletter,
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Persian Gulf Beefing Up Foreign Investment, Wary Of US
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Tue, 15 Aug 2006