1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.2% to close at 13,753.5. Losses were led by the
Transportation and Real Estate indices, declining 1.0% and 0.6%, respectively.
Top losers were Qatar Navigation and Dlala Brokerage & Inv. Holding Co.,
falling 1.7% each. Among the top gainers, Ahli Bank rose 3.3%, while Qatar
Islamic Insurance Co. was up 2.9%.
GCC Commentary
Saudi Arabia: The TASI index rose 1.6% to close at 10,903.0. Gains were led
by the Banking & Fin. Serv. and Media & Publi. indices, rising 4.0% and 1.2%,
respectively. Alinma Bank gained 9.7%, while Bank Albilad was up 8.0%.
Dubai: The DFM index gained 1.1% to close at 4,963.1. The Inv. & Financial
Services index gained 2.8%, while the Real Estate & Construction index rose
1.8%. National Ind. Group rose 9.8%, while Ekttitab Holding Co. was up 4.2%.
Abu Dhabi: The ADX benchmark index gained 0.6% to close at 5,081.7. The
Industrial index rose 2.5%, while the Real Estate index was up 1.9%. Arkan
Building Materials Co. surged 14.5%, while National Takaful Co. was up 8.2%.
Kuwait: The KSE index gained 0.6% to close at 7,392.2. The Technology
index rose 2.3%, while the Oil & Gas index was up 1.7%. Humansoft Holding
Co. gained 10.0%, while Pearl Of Kuwait Real Estate Co. was up 9.7%.
Oman: The MSM index declined marginally to close at 7,357.6. Losses were
led by the Financial and Industrial indices, falling 0.3% and 0.2%, respectively.
Oman Edu. & Training Inv. Hold. fell 7.1%, while Majan Glass was down 3.7%.
Bahrain: The BHB index gained 0.2% to close at 1,485.2. The Industrial index
rose 1.0%, while the Commercial Banking index was up 0.3%. Ithmaar Bank
gained 6.3%, while Aluminium Bahrain was up 1.0%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Ahli Bank 53.80 3.3 3.8 27.2
Qatar Islamic Insurance Co. 92.60 2.9 10.8 59.9
Qatar International Islamic Bank 88.70 2.2 820.7 43.8
Qatar German Co. for Med. Dev. 14.20 1.6 269.7 2.5
Qatar National Cement Co. 146.00 1.4 5.7 22.7
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 21.50 (0.6) 1,688.6 100.7
Masraf Al Rayan 56.50 (1.6) 1,044.9 80.5
Mazaya Qatar Real Estate Dev. 23.85 (1.4) 957.6 113.3
Qatar International Islamic Bank 88.70 2.2 820.7 43.8
Ezdan Holding Group 19.70 (0.4) 784.0 15.9
Market Indicators 24 Aug 14 21 Aug 14 %Chg.
Value Traded (QR mn) 521.7 925.5 (43.6)
Exch. Market Cap. (QR mn) 730,997.0 730,195.0 0.1
Volume (mn) 10.1 20.4 (50.3)
Number of Transactions 5,527 8,823 (37.4)
Companies Traded 42 43 (2.3)
Market Breadth 14:27 21:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 20,513.24 (0.2) (0.2) 38.3 N/A
All Share Index 3,477.56 0.0 0.0 34.4 17.0
Banks 3,369.73 0.1 0.1 37.9 16.5
Industrials 4,586.32 0.2 0.2 31.0 18.6
Transportation 2,309.69 (1.0) (1.0) 24.3 14.8
Real Estate 2,946.93 (0.6) (0.6) 50.9 15.7
Insurance 4,050.73 0.3 0.3 73.4 12.8
Telecoms 1,584.28 0.2 0.2 9.0 22.4
Consumer 7,585.25 (0.3) (0.3) 27.5 28.4
Al Rayan Islamic Index 4,767.12 (0.5) (0.5) 57.0 20.5
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Alinma Bank Saudi Arabia 25.40 9.7 52,007.1 70.5
Bank Albilad Saudi Arabia 52.90 8.0 2,703.0 51.1
Ithmaar Bank Bahrain 0.17 6.3 830.0 (26.1)
Arab National Bank Saudi Arabia 35.07 5.0 1,394.1 34.0
Jazeera Airways Kuwait 0.46 4.6 1.1 (7.1)
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Com. Bank Of Dubai Dubai 5.85 (8.6) 286.3 35.8
NBQ Abu Dhabi 3.15 (5.4) 252.0 (4.6)
Commercial Facilities Co Kuwait 0.28 (3.5) 4.4 1.8
Gulf Pharmaceutical Ind. Abu Dhabi 3.01 (2.9) 26.4 1.3
United Int. Transport Saudi Arabia 80.11 (2.6) 486.2 48.9
Source: Bloomberg (
#
in Local Currency) (
##
GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Qatar Exchange Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Navigation 94.90 (1.7) 22.2 14.3
Dlala Brokerage & Inv. Holding Co 59.50 (1.7) 7.3 169.2
Zad Holding Co. 90.00 (1.6) 9.9 29.5
Masraf Al Rayan 56.50 (1.6) 1,044.9 80.5
Qatar Islamic Bank 122.00 (1.5) 311.5 76.8
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Qatar International Islamic Bank 88.70 2.2 72,819.8 43.8
Industries Qatar 189.00 0.5 65,931.2 11.9
Masraf Al Rayan 56.50 (1.6) 59,921.8 80.5
QNB Group 196.80 1.2 41,179.5 14.4
Qatar Islamic Bank 122.00 (1.5) 38,093.0 76.8
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* 13,753.51 (0.2) (0.2) 6.8 32.5 143.28 200,731.8 17.2 2.3 3.6
Dubai 4,963.10 1.1 1.1 2.7 47.3 388.73 95,570.8 20.6 1.8 2.0
Abu Dhabi 5,081.73 0.6 0.6 0.5 18.4 86.09 139,509.7 14.4 1.8 3.3
Saudi Arabia 10,903.04 1.6 1.6 6.7 27.7 2,867.69 590,607.6 21.0 2.6 2.6
Kuwait 7,392.18 0.6 0.6 3.7 (2.1) 76.19 113,802.5 17.9 1.2 3.7
Oman 7,357.64 (0.0) (0.0) 2.2 7.7 8.48 27,072.5 11.1 1.7 3.8
Bahrain 1,485.24 0.2 0.2 0.9 18.9 0.51 54,503.0 11.4 1.0 4.6
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
13,700
13,750
13,800
13,850
13,900
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QE index declined 0.2% to close at 13,753.5. The
Transportation and Real Estate indices led the losses. The index
fell on the back of selling pressure from Qatari shareholders
despite buying support from non-Qatari shareholders.
 Qatar Navigation and Dlala Brokerage & Inv. Holding Co. were
the top losers, falling 1.7% each. Among the top gainers, Ahli
Bank rose 3.3%, while Qatar Islamic Insurance Co. was up
2.9%.
 Volume of shares traded on Sunday fell by 50.3% to 10.1mn
from 20.4mn on Thursday. Further, as compared to the 30-day
moving average of 17.6mn, volume for the day was 42.4% lower.
Vodafone Qatar and Masraf Al Rayan were the most active
stocks, contributing 16.7% and 10.3% to the total volume
respectively.
Source: Qatar Exchange (* as a % of traded value)
News
Qatar
 MoI: New sponsorship law soon – Qatar’s new sponsorship
law is likely to be issued either in 2014 or 2015. The Ministry of
Interior’s (MoI) Director of Search & Follow up Department
Brigadier Nasser Mohammed Al Sayed said that the issuance of
the law can be expected in 2014 or 2015. He said that there are
legislative challenges to be addressed ahead of issuing the law.
After holding discussions at various levels, including the Qatar
Chamber & Advisory Council, the proposal has to undergo strict
legal process. He added that this is an important law that is
going to change the existing employer-employee relationship in
the country. (Peninsula Qatar)
 MDPS: Monthly industrial PPI rises by 4.1% in June – Higher
prices for crude, natural gas, basic chemicals and refined
petroleum goods led a 4.1% YoY rise in Qatar’s Producer Price
Index (PPI) in June 2014. The Ministry of Development Planning
& Statistics (MDPS) released the PPI for the industrial sector,
which measures average changes in prices received by
domestic producers for their output. The PPI for mining (carries
a weight of 77% in the PPI basket), surged 4.2% in June due to
a 4.2% increase in the price of crude petroleum and natural gas
and 1% in stone, sand and clay. The manufacturing sector,
(21% weight), reported 3.9% rise in June, driven by a 9.2%
increase in the price of basic chemicals, 2.5% in refined
petroleum products, 1.3% in grain mill & other products and
1.1% in cement & other non-metallic products. However,
beverages prices fell 3.2% and dairy products by 1.4%. The
electricity & water group, which has a 2% weight in the PPI
basket, saw its index shrink 3.3% in June. Water and electricity
prices fell 4.1% and 1.8%, respectively. (Gulf-Times.com)
 Qatar entrepreneurs hold great potential for its economic
future – According to global hydrocarbon major ExxonMobil,
entrepreneurs in Qatar possess great potential for the future of
the country’s economic progress. ExxonMobil Qatar’s Chief Bart
Cahir said that developing people and creating sustainable,
long-term benefits for local communities are essential to their
industry around the world, especially in Qatar. In this regard,
ExxonMobil has already tied up with Injaz Qatar, which is laying
the groundwork for future innovations. ExxonMobil sees the
value that Injaz Qatar provides to Arab youth through
experiential education, training in work readiness, financial
literacy and entrepreneurship. (Gulf-Times.com)
International
 Reuters: Pressure builds within Fed to signal course
change – Pressure is building within the US Federal Reserve
for officials to move as early as next month to clearly
acknowledge improvements in the US economy and lay the
groundwork for the central bank’s first interest rate hike in nearly
a decade. According to some US central bankers, signs of
economic resilience and growing anxiety about the risks of
holding rates too low for too long have set the stage for an
intense debate over rewriting their policy. It is uncertain whether
officials will use their upcoming meeting on September 16-17 to
scrap key parts of the language they have been using to keep
rate-hike expectations at bay. A miscommunication by the
world's most powerful central bank could shock the global
financial markets and, in a worst case, reverse the economic
recovery it seeks to foster. At issue is a 5-month old pledge from
the Fed to keep benchmark rates near zero for a considerable
time after it shelves its asset-purchase program in October
2014. (Reuters)
 Central bankers feel labor markets need lower rates for now
– Global central bankers led by Federal Reserve Chairperson
Janet Yellen said labor markets still need more time to heal
before their economies can weather higher interest rates. Even
as they signaled international monetary policies are set to
diverge as economic recoveries increasingly differ, officials
meeting in Jackson Hole, Wyoming placed jobs at the center of
their decision making by stating stronger hiring and wages are
still needed to drive demand. The focus on jobs suggests that
the Fed and the Bank of England will tighten their policy within a
year as their economies recover. By contrast, the European
Central Bank President Mario Draghi and the Bank of Japan
Governor Haruhiko Kuroda acknowledged they may be forced to
deploy fresh stimulus. (Bloomberg)
 Draghi pushes ECB closer to QE as deflation risks rise –
The European Central Bank President Mario Draghi has pushed
the bank closer to quantitative easing (QE). With Eurozone data
this week poised to show the weakest inflation since 2009, the
ECB President warned that investor bets on prices have
exhibited significant declines. His comments will fan speculation
that to ward off a Japanese-style deflation, the ECB is finally
heading for some form of monetary stimulus. Draghi had
previously said that a worsening medium-term inflation outlook
would provide a reason for broad-based asset purchases.
According to the median forecast in a Bloomberg News survey,
the Eurozone’s inflation slowed to 0.3% this month, a fraction of
the ECB’s goal of around 2%. Similarly, GDP in the 18-nation
currency bloc stagnated in the second quarter. (Bloomberg)
 French economy minister urges alternative to German
austerity – French Economy Minister Arnaud Montebourg said
Overall Activity Buy %* Sell %* Net (QR)
Qatari 60.09% 77.64% (91,609,813.58)
Non-Qatari 39.92% 22.36% 91,609,813.58

3. Page 3 of 5
the time has come for France to resist Germany's obsession
with austerity and promote alternative policies across the
Eurozone that support household consumption. Montebourg
said deficit-reduction measures carried out since the 2008
financial crisis have crippled Europe's economies and
governments need to change course swiftly or they will lose their
voters to extremist parties. Montebourg further added that,
consensus was growing among economists worldwide on the
need for growth-oriented policies and mentioned his German
socialist counterpart Sigmar Gabriel and Italy's premier Matteo
Renzi as potential allies. (Reuters)
 Kuroda: Japan must consider hiring foreigners to fill job
gaps – The Bank of Japan Governor Haruhiko Kuroda said that
using foreign workers to help mitigate potential labor force
shortages in Japan deserves consideration. Kuroda said the
examination should be done in addition to ensuring increased
participation of women and the elderly in the work force. Prime
Minister Shinzo Abe has embraced the potential for greater
numbers of working women, and a limited increase of
immigrants, tied to labor needs ahead of the 2020 Summer
Olympics in Tokyo. The nation’s population slid for a third year
in 2013, with the proportion of people over the age of 65 at a
record high, underscoring the challenge the world’s most-
indebted economy faces in financing its aging society.
(Bloomberg)
Regional
 Middle East e-learning market to grow 8.2% yearly until
2016 – According to research conducted by Docebo entitled E-
learning Market Trends & Forecast 2014-2016 Report, the
global and regional education suppliers are raising their stakes
in the Middle East as the region’s e-learning market sees
revenues rising to $560.7mn by 2016 amid a very competitive
growing size of the self-paced e-learning market. Oman is the
top performer in e –learning and has the highest growth rate in
the region at 19.6%, followed by Lebanon (16%), Turkey
(12.9%), Kuwait (12.6%) and Qatar (11.3%). This is mainly
because the Oman government is interested in issues relating to
education and computer literacy and, consequently, is investing
heavily in this sector. (GulfBase.com)
 Contracts for new GCC medical facilities rise 25% –
Contracts for new medical facilities across GCC are expected to
reach $9.53bn by 2014 end, a 25% increase on 2013. According
to the Dubai Health Authority (DHA), Dubai plans to attract
500,000 patients for treatment by 2020 as a part of its drive to
become a center for medical excellence in the region and bring
a new stream of visitor revenue. DHA said that 18 private and
four public hospitals will be built over the next few years to cater
to these patients. The UAE has doubled its health care budget
since 2007 and currently ranks among the top 20 destinations
for medical tourism. The country spends 3.3% of its GDP on
health care, the third highest in the GCC. According to Alpen
Capital Investment Banking, the UAE’s medical tourism sector
drew revenue of $1.69bn in 2013. Visa rules in the UAE were
changed to help encourage medical tourism, simplifying the
process for patients to access the country. Dubai Tourism and
Marketing believes this market could be worth as much as
$30mn a year. (Gulf-Base.com)
 CCI renews Saudi Enaya’s license for one year – Saudi
Enaya Cooperative Insurance Company announced that the
Council of Cooperative Insurance (CCI) has renewed the license
for the company for one year starting from August 24, 2014.
(Tadawul)
 CDSI: Saudi Arabia June imports fall 8.2% – According to the
Central Department of Statistics and Information (CDSI) , Saudi
Arabia’s imports fell an annual 8.2% in June, the eighth drop in a
row, while non-oil exports rose 14.9%. Non-oil exports account
for around 12% of overall exports of Saudi Arabia. Analysts
polled by Reuters in April forecasted a Saudi Arabian current
account surplus of 16.6% of GDP in 2014 and 11.9% in 2015.
(Gulf-Base.com)
 Saudi Arabian market reforms to boost demand for
corporate ratings – Saudi Arabia’s plans to open up the
domestic capital markets to global investors is expected to boost
demand for Saudi equity and Sukuks from international
investors. Standard & Poor’s (S&P) Managing Director &
Regional Head Middle East, Stuart Anderson said that issuers
targeting a share of this demand are likely to seek credit ratings
to improve the comfort level of global fund managers. According
S&P’s estimates, between now and 2020, the number of listed
companies in Saudi Arabia is expected to increase somewhere
between 250 and 300. Saudi Arabia is working on a regulatory
framework for global rating agencies to set up operation in the
kingdom. (Gulf-Base.com)
 UAE SME sector set to become near-exclusive domain of
Emirati banks – The UAE’s small and medium enterprise
(SME) sector is set to become the near-exclusive domain of
Emirati banks, as international institutions back away from the
sector over increasing concerns on international compliance and
competition. The development of the SME sector has become a
key economic priority for the UAE authorities as a means of
diversifying the economy away from its dependence on oil
revenues. Earlier, Standard Chartered announced plans to
almost entirely exit the SME banking sector in the country,
retaining only a small number of high-value customers.
(GulfBase.com)
 Al Razouki expands operation in UAE – Al Razouki
International Exchange, a company operating in financial
transfers and foreign exchange, has recently opened three new
branches in the local market in Abu Dhabi and Dubai. This step
takes the total number of its branches to 19 outlets. The move
will help Al Razouki to expand its operations in the local market
to cover the different emirates. (GulfBase.com)
 Emirates Transport reports AED1.5bn revenues for 2013 –
According to Federal Government Corporation’s 2013 annual
report, Emirates General Transport and Services Corporation
(Emirates Transport) reported total revenues of AED1.5bn,
maintaining an annual growth rate of 18% over the past five
years. Emirates Transport also reported total assets of
approximately AED2bn for 2013. (GulfBase.com)
 UAE’s FM services market to reach AED20bn by 2015 –
According to an industry expert, the boom in construction
projects in the UAE could drive the facilities management (FM)
services market to approximately AED20bn per annum by 2015.
The statistic included FM services that ranged from cleaning
services, pest control, office services, landscaping, waste
management and building management systems with the
exclusion of security services. An average of 60% of the
industries in the UAE may outsource their FM requirements.
(GulfBase.com)
 Dubai Investments’ subsidiary companies bag new projects
– Dubai Investments (DI) announced that its subsidiary
companies Glass LLC, Emirates Building Systems and Dubai
Cranes have a won a number of new projects in Dubai, Abu
Dhabi, Qatar and Saudi Arabia as the construction activity
increases in the region. The projects won by DI subsidiaries
include glass orders for Dubai Design district, Habtoor hotel,
Masdar office building in Dubai, Credit Lebanese Head Quarters
in Beirut, steel structures for Riyadh Public Transport, three

4. Page 4 of 5
petrochemical projects for Saudi Aramco, end-to-end steel
building solutions for 2022 FIFA World Cup Stadiums in Qatar,
petrochemical projects in Oman as well as residential and
airport developments in the UAE and standard, overhead crane
kits for ongoing projects with Emirates Aluminum, Dubai
Aluminum and Dubai Electricity & Water Authority. The
construction activity across the UAE has witnessed a major
upswing this year, with projects worth $46bn awarded in 2014
alone, a significant rise from $38bn in 2013. (Bloomberg)
 ICBC Leasing seeks $300mn Gulf Bank loan – According to
sources, ICBC Leasing, a unit of Industrial & Commercial Bank
of China, hired Dubai-based Emirates NBD and Commercial
Bank International to arrange a $300mn loan. The facility will be
priced at 2.1% above the London interbank offered rate and the
syndication is expected to be completed by the end of this
month. Earlier, in April 2014, ICBC had agreed to buy Turkey-
based Tekstil Bankasi as the Beijing-based lender seeks to
boost earnings from the Middle East by 50% in 2014.
(Bloomberg)
 DTCM: Dubai witnesses more than 5.8mn tourists in 1H2014
– According to Dubai’s Department of Tourism and Commerce
Marketing (DTCM), Dubai's hotels witnessed more than 5.8mn
tourists in 1H2014 – the highest number of visitors ever
achieved in the first six months of the year. The guest numbers
across all hotel establishments (hotels and hotel apartments)
reached 5,828,449 in 1H2014, reflecting an increase in figures
for the same period in 2013. Revenues for hoteliers and hotel
apartment operators saw significant growth – with the total first
half revenues reaching AED12.74bn, up by 10.9%. (Bloomberg)
 ADFG’s subsidiary IAF expects to arrange AED3bn loans by
2014-end – Abu Dhabi Financial Group’s (ADFG) subsidiary,
Integrated Alternative Finance (IAF) said it had arranged
AED1bn financing so far in 2014 and expects to complete
AED3bn worth of transactions by 2014-end. The group has also
arranged an AED786mn bridging facility for the acquisition of 1
Palace Street, London earlier in 2014. (GulfBase.com)
 Aldar signs agreement to lease 607 residential units to
Cleveland Clinic – Aldar Properties has signed significant bulk
deal to lease 607 apartments to Cleveland Clinic Abu Dhabi to
provide accommodation for the hospital’s employees. The
leased units are at the Gate Towers development on Al Reem
Island and the Al Rayyana development in Khalifa City. Al
Rayyana comprises 1,537 apartments across 33 low-rise
residential buildings. The Gate Towers is made up of 3,533 units
and offers a range of amenities for residents including a leisure
podium with swimming pools, tennis and squash courts,
children’s play areas, day care center, prayer rooms,
recreational rooms, and much more. (ADX)
 PIW: Oxy to sell $3bn stake in gas field to Mubadala –
According to Petroleum Intelligence Weekly (PIW), Occidental
Petroleum Corporation (Oxy) is in talks to sell a $3bn stake in a
gas field to Abu Dhabi-owned Mubadala Development
Company. The companies are discussing the sale of as much
as 30% of the $10bn Shah natural gas project in the UAE. The
transaction is expected to be completed by 2014-end, with Oxy
retaining part of its 40% stake and continuing to operate the
field. Abu Dhabi National Oil Company (ADNOC) would retain its
60% holding in the project in a deal that would mark Mubadala’s
first domestic investment in oil or gas production. (Bloomberg)
 KFH prepaid and credit card issuance grow 20% in 1H2014
– Kuwait Finance House (KFH) recorded a 20% YoY growth in
the number of prepaid and credit cards it issued in 1H2014.
Acting Deputy General Manager Cards, at KFH, Salem Al-
Duwaisan, said that KFH ranks first in Kuwait in Knet
transactions. Knet is Kuwait’s electronic banking service,
providing transactions clearing to all Kuwaiti banks.
(GulfBase.com)
 DCCI: Kuwaitis spend $7.4bn on family tourism in 2013 –
According to a report based on the analysis by Dubai Chamber
of Commerce and Industry (DCCI), Kuwaitis spent $7.4bn on
family tourism in 2013. The report revealed that the GCC
countries contributed about 31% of the total expenditures on
tourism activities regardless of the low population in the region,
which is only about 3% of the worlds’ Muslim population. Saudi
Arabia is a major source of family tourism as it spent $17.1bn on
tourism in 2013, while the people of UAE spent $ 10.1bn and
those of Kuwait spent $ 7.4bn in addition to the people of Iran
who spent about $18.2bn on family tourism in 2013. There are
speculations that the value will rise up to about $181bn by 2018
considering the growth of the world Muslim population and their
economic progress. (GulfBase.com)
 Oman’s CBO issues CDs worth OMR477mn – The Central
Bank of Oman (CBO) has allotted Certificates of Deposit (CD)
worth OMR477mn for a period of 28 days, with the maturity on
September 17, 2014. The bank said that the average interest
rate of these certificates was 0.13%, while the maximum
accepted interest rate was 0.13%. The certificates of deposit
issued to licensed banks by the CBO as a monetary policy
instrument is aimed at absorbing excess liquidity in the banking
sector in particular, and maintaining stability of the interest rate
and the money market in general. The repo rate during the
period between August 20 to August 26, 2014 is 1%.
(GulfBase.com)
 MXO enhances bunker services at Sohar Port – Omanoil
Matrix Marine Services (MXO) has enhanced its physical bunker
delivery services at the Port of Sohar with the deployment of a
dedicated 6,000 MT IFO barge Azalea. With this, MXO has
augmented its physical delivery services for fuel oil and gasoil to
customers at the port. On request, bunker fuel can also be
supplied by a 500 cubic metre (cbm) gasoil barge with access to
all areas of the port. MXO is a joint venture between Germany-
based Matrix Marine Holding and Oman Oil Marketing
Company. (GulfBase.com)
 Oman Fiber Optic Company’s Chairman resigns – Oman
Fiber Optic Company’s Chairman of the board of directors, Dr.
Amer bin Awadh Al Rawas, has resigned from his position
effective August 20, 2014. The company has appointed Mr.
Samy bin Ahmed Al Ghassany as the new Chairman of the
board representing Oman Telecommunications Company
(Omantel). (MSM)
 JOC: Port of Salalah container productivity rises by 26% –
According to the independent research firm, Journal of
Commerce (JOC), Port of Salalah enhanced its berth
productivity levels by 26% in 2013 to rank as the 15 best ports
globally and figure among top container ports in the world.
Based on the 2013 average container moves per ship, the JOC
also ranked the Port of Salalah as the third top port in the
Europe, Middle East and Africa region, having achieved an
average of 91 gross moves per hour (gmph), a 26% increase
over the 2012 average of 71 gmph. (Gulf-Base.com)
 ODC repairs Ibra LNG carrier – Oman Dry Dock Company
(ODC), the ship repair yard in the Middle East, has completed
the repairs and maintenance of 'Ibra LNG' carrier. The company
has successfully carried out maintenance work for the second
ship of its type after obtaining GTT license which qualifies it to
carry out repair works for LNG carriers. 'Ibra LNG' belongs to the
huge fleet of Oman Shipping Company's vessels. (Gulf-
Base.com)

5. Contacts
Saugata Sarkar Abdullah Amin, CFA Shahan Keushgerian
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6569 Tel: (+974) 4476 6509
saugata.sarkar@qnbfs.com.qa abdullah.amin@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
Sahbi Kasraoui Ahmed Al-Khoudary QNB Financial Services SPC
Manager – HNWI Head of Sales Trading – Institutional Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6544 Tel: (+974) 4476 6548 PO Box 24025
sahbi.alkasraoui@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
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Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
160.0
170.0
180.0
190.0
200.0
210.0
Jul-10 Jul-11 Jul-12 Jul-13 Jul-14
QE Index S&P Pan Arab S&P GCC
1.6%
(0.2%)
0.6%
0.2%
(0.0%)
0.6%
1.1%
(0.8%)
0.0%
0.8%
1.6%
2.4%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,280.08 0.0 0.0 6.2 DJ Industrial 17,001.22 0.0 0.0 2.6
Silver/Ounce 19.43 0.0 0.0 (0.2) S&P 500 1,988.40 0.0 0.0 7.6
Crude Oil (Brent)/Barrel (FM
Future)
102.29 0.0 0.0 (7.7) NASDAQ 100 4,538.55 0.0 0.0 8.7
Natural Gas (Henry
Hub)/MMBtu
3.86 0.0 0.0 (11.2) STOXX 600 336.75 0.0 0.0 2.6
LPG Propane (Arab Gulf)/Ton 101.50 0.0 0.0 (19.6) DAX 9,339.17 0.0 0.0 (2.2)
LPG Butane (Arab Gulf)/Ton 117.75 0.0 0.0 (13.7) FTSE 100 6,775.25 0.0 0.0 0.4
Euro 1.32 0.0 0.0 (3.6) CAC 40 4,252.80 0.0 0.0 (1.0)
Yen 103.95 0.0 0.0 (1.3) Nikkei 15,539.19 0.0 0.0 (4.6)
GBP 1.66 0.0 0.0 0.1 MSCI EM 1,083.07 0.0 0.0 8.0
CHF 1.09 0.0 0.0 (2.3) SHANGHAI SE Composite 2,240.81 0.0 0.0 5.9
AUD 0.93 0.0 0.0 4.5 HANG SENG 25,112.23 0.0 0.0 7.7
USD Index 82.34 0.0 0.0 2.9 BSE SENSEX 26,419.55 0.0 0.0 24.8
RUB 36.11 0.0 0.0 9.9 Bovespa 58,407.32 0.0 0.0 13.4
BRL 0.44 0.0 0.0 3.7 RTS 1,260.07 0.0 0.0 (12.7)
197.6
166.4
149.5