'Most Active' in Debt Capital Markets
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QATAR | Page 20 SPORT | Page 1 Bolt backs strong action over INDEX DOW JONES QE NYMEX QATAR 2, 20 COMMENT 18, 19 ARAB WORLD 3, 4 BUSINESS 1-12 Russia’s SC launches Rayyan 18,517.23 10,534.40 44.94 INTERNATIONAL 5-16 CLASSIFIED 8 -77.80 -57.20 +0.29 ISLAM 17 SPORT 1-8 stadium training sites doping -0.42% -0.54% +0.65% Latest Figures published in QATAR since 1978 FRIDAY Vol. XXXVII No. 10157 July 22, 2016 Shawwal 17, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Emir meets outgoing Cuban envoy In brief Qatar ‘most active’ in QATAR | Offi cial Emir congratulates new British PM HH the Emir Sheikh Tamim bin debt capital Hamad al-Thani received yesterday a phone call from UK Prime Minister Theresa May. HH the Emir congratulated May on her election as prime minister, wishing her every success. During the phone call, they reviewed the bilateral relations markets between the two friendly countries and ways to enhance them, and atar was the “most active” Equity capital markets underwrit- discussed regional and international nation in the Middle East ac- ing declined 77% compared to last developments. Qcounting for 41% of overall year, while debt capital markets fees activity in the debt capital markets, a totalled $63.7mn, up 48% from 2015. report has shown. As for M&A deals, outbound M&A QATAR | Humanitarian Acquisitions by companies based in activity fell 22% from fi rst half 2015 Payment for Gaza Qatar accounted for 31% of the Middle to reach $9.2bn, the lowest fi rst half Eastern outbound mergers and acqui- total since 2014. Overseas acquisi- employees’ salaries sition (M&A) activity, Thomson Reu- tions from Saudi Arabia accounted HH the Emir Sheikh Tamim bin ters / Freeman Consulting said. for 42% of Middle Eastern outbound Hamad al-Thani has directed the But outbound M&A activity in the M&A activity, while acquisitions by payment of Gaza Strip employees’ region fell 22% from fi rst half of 2015 companies based in Qatar and United salaries, totalling QR113mn, for the to reach $9.2bn, the lowest fi rst half Arab Emirates accounted for 31% and current Islamic month of Shawwal. total since 2014, it said. 11%, respectively. Domestic and in- HH the Emir is keen on alleviating Middle Eastern debt issuance ter-Middle Eastern M&A decreased the suff ering of brethren in the Strip reached $32.9bn during the fi rst six 22% year-on-year to $6.1bn. Inbound and the severe financial distress months of this year, it said. M&A fell 76% to $809.8mn, a seven- they are facing due to the unjust The report showed that Mid- year low. siege imposed by the Israeli HH the Emir Sheikh Tamim bin Hamad al-Thani met in his off ice at Al Bahar Palace yesterday with Cuban ambassador Ernesto dle Eastern investment banking fees Technology was the most active occupation on them. Daniel Plasencia Escalante, who called on HH the Emir to greet him on the occasion of the end of his tenure in Qatar. During reached $416.8mn during H1, 2016, an sector, accounting for 22% of Middle the meeting, HH the Emir presented the outgoing ambassador with the Sash of Merit in recognition of his role in enhancing 8% increase compared to fees record- Eastern involvement M&A. The larg- ties between the State of Qatar and his country, wishing him every success in his future assignments and for the bilateral ed during the fi rst six months of 2015 est deal with Middle Eastern involve- REGION | Crackdown relations further progress and prosperity. The ambassador expressed his thanks and appreciation to HH the Emir and Qatari and the strongest period for invest- ment during the half was the $3.5bn Terrorist group off icials for the co-operation he received which contributed to the success of his mission. ment banking fees in the region since investment in United States-based 2014. Uber Technologies by Saudi Arabia’s arrested in Bahrain Nadim Najjar, managing direc- Public Investment Fund. As part of the Bahrain Interior tor (Mena) at Thomson Reuters, JP Morgan, which advised Uber Ministry’s counterterrorism said: “The value of announced M&A Technologies, topped the fi rst half programme, police seized bomb- transactions with any Middle East- 2016 announced any Middle East- making materials and weapons ern involvement reached $18.7bn ern involvement M&A league table. after arresting five individuals on during the first half of 2016, a de- Jones Lang LaSalle and CBRE Hold- terrorist charges. The investigation Thousands march cline of 29% compared to the first ing, which advised BlackRock on the revealed that they had planned half of 2015 and the slowest first six $2.5bn sale of its Asia Square Tower to bombings in more than one location months for deal making in the region Qatar Investment Authority, ranked in Bahrain. The arrested individuals since 2014.” second and third respectively. were found to have turned their “Middle Eastern equity and equity- In respect of Equity Capital Mar- homes into additional storage across Istanbul bridge related issuance totalled $1.1bn during kets, six initial public off erings raised areas for bomb-making materials. the fi rst half of 2016, an 80% decline $379.7mn and accounted for 35% of They also confessed to receiving AFP from the fi rst half of 2015 and the fi rst half 2016 activity in the region. intensive military training at Iranian Istanbul slowest opening six-month period for As for Debt Capital Markets, Qa- Revolutionary Guard and Iraqi equity capital markets issuance since tar was the most active nation in the Hezbollah camps. 2004. Bolstered by a record-breaking Middle East accounting for 41% of housands of Turkish govern- second quarter, Middle Eastern debt overall activity, followed by United ment supporters yesterday issuance reached $32.9bn during the Arab Emirates and Oman. Inter- REGION | Security Tstreamed across one of the two fi rst half of 2016, a 45% increase com- national Islamic debt issuance in- ‘Potential’ threat to US bridges spanning the Bosphorus Strait pared to the value raised during the creased 10% year-on-year to reach in Istanbul to protest against the coup fi rst half of 2015 and the strongest fi rst $19.4bn during the first half of 2016, citizens in Saudi that sought to unseat President Recep half for DCM issuance since records the largest first half for issuance since The US State Department yesterday Tayyip Erdogan one week ago. began in 1980,” he added. records began. warned US citizens of “a potential The Bosphorus Bridge between the imminent threat” in and around the Asian and European sides of Istanbul Saudi Arabian port city of Jeddah. was one of the key battlegrounds in “The United States Embassy has Friday night’s coup attempt, as rebel received reports of a potential soldiers descended in tanks to block it imminent threat against US citizens to traffi c only to be countered by pro- in areas of Jeddah frequented testers who descended in force. by Westerners, such as markets, Responding to a call by Erdogan not Jazeera to launch restaurants and shopping malls, to stop protests against the coup, his among others,” the statement read. supporters fi lled the massive struc- ture to denounce the putsch less than a week after it was beaten, AFP corre- English digital ARAB WORLD | Confl ict spondents said. 48-hour ultimatum to Many carrying lit torches, they carried nationalist signs like “Our IS to leave Manbij fl ag, our nation” and brandished slo- streaming in US US-backed fighters yesterday gave gans denouncing the US-based cleric the Islamic State group 48 hours to Fethullah Gulen who Ankara blames Reuters Jazeera English and director of pro- leave the battleground Syrian town for the coup. Doha grammes. of Manbij. The 48-hour ultimatum They marched from the district of “I am pleased to be able to say that, was issued by the Arab-Kurdish Kisikli on the Asian side – where Er- all going well, AJE will be available in Syrian Democratic Forces (SDF), dogan has a home and regularly spoke l Jazeera Media Network is pre- the USA, across digital platforms, in which is fighting IS with coalition air to supporters in the aftermath of the paring to make its English lan- September,” the e-mail stated. support. The force has been waging coup – to the European side of the Aguage international news chan- “The exact date will be fixed once a major campaign since June to oust city. nel video content digitally available to we get the green light from our Le- IS from Manbij, in Aleppo province, As a result, the bridge was closed US viewers again, according to a July 21 gal team, who have been conclud- with US-led air support. Page 4 to traffi c from 1900 GMT and instead e-mail sent to employees obtained by ing deals with the cable carriers of fi lled with a sea of people. Reuters. AJAM.” Erdogan has repeatedly said that The move comes almost three The memo did not specify which ca- AMERICA | Politics despite the defeat of the coup, people months after it shut down its US cable ble carriers. Republicans divided must stay out on the streets to ensure television network, Al Jazeera America, “We won’t comment on internal there is no repeat of the attempt to citing economic challenges in the US memos that are informal and not de- ahead of Trump speech oust the government. media market.