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08 July 09:36 AM

Euro zone expected to see deeper recession than forecast

Mubasher: The euro zone economy will slide deeper into recession in 2020 and recover less in 2021 than previously expected

This is NEOM’s first partnership with leading renewable energy partners
NEOM, ACWA Power, Air Products ink $5bn agreement
First Abu Dhabi Bank (FAB) registered the highest turnover of AED 47.09 million
ADX ends Tuesday in green for 3rd session in row
The market cap value added AED 1.31 billion today
DFM extends gains at Tuesday’s close
The airline aims to operate nearly 45% of its pre-COVID capacity by August
Etihad Airways to expand services to 58 cities worldwide
Agthia manages operations across the UAE, GCC, and the wider Middle East
Agthia names new CEO
UAE Arab Global Commodities
DFMGI ADI
DFMGI
2,097.87 0.50% 10.49
Volume 446,678,405 Turnover 290,853,669 No. of Trades: 4,610
8 Down 6 Flat 18 Up
No. of Traded Stocks : 32
Last Update: 7 July 02:00 PM
ADI
4,341.04 0.52% 22.59
Volume 57,645,350 Turnover 175,313,894 No. of Trades: 2,264
7 Down 10 Flat 14 Up
No. of Traded Stocks : 31
Last Update: 7 July 02:00 PM
Latest News
Euro zone expected to see deeper recession than forecast Global Reports
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This is NEOM’s first partnership with leading renewable energy partners
NEOM, ACWA Power, Air Products ink $5bn agreement Companies Investments
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First Abu Dhabi Bank (FAB) registered the highest turnover of AED 47.09 million
ADX ends Tuesday in green for 3rd session in row Trading Activities
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The market cap value added AED 1.31 billion today
DFM extends gains at Tuesday’s close Trading Activities
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Fintech Galaxy launches FinX22 platform Companies Investments
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DMCC extends business support package, partners with Emirates NBD Macroeconomics
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The airline aims to operate nearly 45% of its pre-COVID capacity by August
Etihad Airways to expand services to 58 cities worldwide Global Economy
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Agthia manages operations across the UAE, GCC, and the wider Middle East
Agthia names new CEO Management Decisions
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The company is expected to record a 17-20% drop in total revenue in 2020
Network International expects H1 revenue at about $134m Financial Results
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Initial power generation is expected by the summer of 2022
TAQA announces financial closing for UAE's largest gas power plant Macroeconomics
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More
Mubasher Exclusive
The government pays farmers between EGP 670 and EGP 700 per ardeb
Egypt buys 3.5m tonnes of local wheat since mid-April Commodities
IEA sets $3trn green economic recovery plan Global Reports
The company achieved revenues of AED 4.4 billion last year
DAMAC vows to deliver projects on time – VP Interview Companies Investments
DFMGI ended February at the level of 2,590 points
DFM records losses in February on coronavirus fears Trading Activities
The UAE accounted for 26.6% of the fund’s investments by the end of 2019
Norway’s sovereign fund raises investments in GCC markets Companies Investments
The project is expected before the end of next June
UAE’s Arada plans new investment in Saudi Arabia in H1-20 Real estate
Photo Archive
Saudi oil exports down 10.75% in 2019 Commodities
MWC 2020 cancelled over coronavirus worries Global Reports
Finastra's solutions cover 90% of banks’ needs
Interview: We look to repeat Finastra Egypt Digital Trade Forum – Serge Tohme Global Economy
Iron prices have dropped by EGP 300 per tonne since the beginning of the week
Iron prices to further decline as EGP levels up Macroeconomics
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Islamic Finance
The issuance will target experienced investors residing in Saudi Arabia
SABB announces 1st local Sukuk issuance Sukuk and Islamic Finance
The offering aims to meet SABB’s financial and strategic needs
SABB sets up local Sukuk programme Banking and Finance
The Sukuk programme is valued at a maximum KWD 2 billion
KIB obtains central bank’s initial approval for Sukuk issuance Banking and Finance
Indonesia is the largest Sukuk issuer on Nasdaq Dubai
Indonesia lists $2.5bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
The issuance was a tap on a $1 billion Sukuk
DIB lists $300m Sukuk on Nasdaq Dubai Banking and Finance
The Sukuk is the first ever AAA-rated sustainability Sukuk
IsDB lists $1.5bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
DP World is expected to sell perpetual Sukuk at 6.125%
DP World forecast to sell $1.5bn perpetual Sukuk Sukuk and Islamic Finance
The five-year Sukuk has attracted 150 investors
Sharjah Islamic Banks lists $500m Sukuk on Nasdaq Dubai Banking and Finance
The bank has set a margin of return at 240 bps
DIB sells $300m in 2026 Sukuk tap Banking and Finance
The bank has tightened the price guidance for the notes
DIB likely to sell $200m worth of its Sukuk Sukuk and Islamic Finance
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Arab Markets
Americana Group aims to acquire 100% of Americana Egypt
Financial advisor sets Americana Egypt's FV at EGP 5/shr Corporate Actions
The Central Bank of Kuwait
Kuwaiti reserves up 14.4% in May Central Banks
Euro zone expected to see deeper recession than forecast Global Markets brief
The market’s turnover registered EGP 1.8 billion
EGX ends Tuesday mixed; market cap gains EGP 1bn Trading Activities
Saudi Aramco hit the largest liquidity on Tuesday
Tadawul ends Tuesday on higher note Trading Activities
The kingdom reported 5,205 new recoveries today
Coronavirus cases in KSA cross 217K on Tuesday
Minister of Electricity Mohamed Shaker
Egypt's renewable energy to reach 6.6 GW by year-end Macroeconomics
The all-share index gained 0.15%
Boursa Kuwait up for third day in row Trading Activities
This is NEOM’s first partnership with leading renewable energy partners
NEOM, ACWA Power, Air Products ink $5bn agreement Companies Investments
Minister of Planning and Economic Development Hala El-Saeed
Egypt eyes EGP 5.2bn tourism investments in FY20/21 Macroeconomics
More
International Markets
Global markets may return to fundamentals in 2020 –Emirates NBD
BOE maintains rates at 0.75%, drops limited and gradual tightening
Fear arises as Brexit impact on power sector still unclear
Uber, Hyundai team up to launch future Uber Air Taxis
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