Analyst news

• BUZZ-Q3 earnings boost Saudi's Almarai

  09-10-2016 09:40 via news.yahoo.com
  
  ** Shares in Saudi Arabia's Almarai, Gulf's largest dairy company, climb 1.4 percent to 55.00 riyals ** Company reported 10 percent year-on-year increase in third-quarter net profit to 654.6 million riyals ($174.6 million) ** Five analysts polled by Reuters had forecast 627.8 million riyals ** Company cited 2.5 percent rise in sales during quarter, as well as 1.1 percent drop in cost of sales due to "continued decrease of inputs costs, better cost management and enhanced production efficiencies
  
  Read more

• MIDEAST STOCKS-Egypt may cheer IMF loan progress; Gulf likely subdued

  09-10-2016 07:50 via news.yahoo.com
  
  Investors in Egypt's stock market may welcome news of progress toward the country obtaining a $12 billion loan from the IMF, while bourses in the Gulf may be subdued on Sunday as investors await upcoming third-quarter corporate results. The International Monetary Fund's initial loan payment to Egypt will be about $2.5 billion, a senior IMF official said on Friday, adding that he hoped to secure board approval for the programme within the next month. IMF and Egyptian authorities are "making good
  
  Read more

• Innogy to push windfarms, electric car charging in U.S.: paper

  09-10-2016 07:19 via news.yahoo.com
  
  Innogy , Germany's largest energy group, is looking at the United States market to expand its renewable energy and electric car charging business, its chief executive told German weekly Welt am Sonntag. "We want to invest around 6.5 billion euros between 2016 and 2018," Chief Executive Peter Terium told the paper, adding that investments will include grid networks and infrastructure but also wind farms in Germany, Poland, the Netherlands and electric car charging stations in the United Stat
  
  Read more

Follow @news_analyst on Twitter!