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26 February 09:10 PM

Auto sales expected to decline amid coronavirus outbreak – Moody’s

Moody's Investors Service (Moody's) has expected that the sales of global auto manufacturers will decrease amid the increasing number of coronavirus cases.
The market cap value dropped by around AED 4.58 billion
ADX down on Wednesday; market cap records AED 514bn
Traded volumes amounted to 133.9 million shares
DFM maintains downward performance on Wednesday
The patients were among those who came from Iran
Kuwait confirms seven more coronavirus cases; takes count to 25
The new cases were amongst those who arrived from Iran
Bahrain confirms 3 more coronavirus cases; bringing total to 26
The distribution of cash dividends represents 20 fils per share
Abu Dhabi Aviation’s board agrees on 20% cash dividends
UAE Arab Global Commodities
DFMGI ADI
DFMGI
2,620.69 -1.96% -52.34
Volume 133,953,939 Turnover 286,602,185 No. of Trades: 2,767
22 Down 4 Flat 5 Up
No. of Traded Stocks : 31
Last Update: 01:59 PM
ADI
4,890.68 -0.93% -45.69
Volume 46,523,735 Turnover 223,836,662 No. of Trades: 2,175
18 Down 3 Flat 6 Up
No. of Traded Stocks : 27
Last Update: 02:00 PM
Latest News
The societies will provide facemasks, sanitizers, and detergents
Kuwait to provide coronavirus supplies via cooperative societies Global Economy
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The project is expected before the end of next June
UAE’s Arada plans new investment in Saudi Arabia in H1-20 Companies Investments
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Auto sales expected to decline amid coronavirus outbreak – Moody’s Global Reports
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The market cap value dropped by around AED 4.58 billion
ADX down on Wednesday; market cap records AED 514bn Stock Evaluations
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Traded volumes amounted to 133.9 million shares
DFM maintains downward performance on Wednesday Trading Activities
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The patients were among those who came from Iran
Kuwait confirms seven more coronavirus cases; takes count to 25 Global Economy
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Brent crude declined by $1.35 on Tuesday
Kuwait’s crude oil dips 17 cents on Tuesday – KPC Commodities
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The new cases were amongst those who arrived from Iran
Bahrain confirms 3 more coronavirus cases; bringing total to 26 Global Economy
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The distribution of cash dividends represents 20 fils per share
Abu Dhabi Aviation’s board agrees on 20% cash dividends Board of Directors
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ENOC Group has inked an agreement with Idemitsu
ENOC, Idemitsu sign agreement for lubricants’ supply Companies Investments
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Mubasher Exclusive
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 Banking and Finance
Iron prices have dropped by EGP 300 per tonne since the beginning of the week
Iron prices to further decline as EGP levels up Commodities
Dana Gas is continuously taking all necessary precautions to protect its business
Dana Gas’ business in Kurdistan normal – Official Macroeconomics
Bahrain launched Cloud First Policy in 2017
Pakiza Abdulrahman: Gov’t leads cloud adoption in Bahrain; private sector is following – Interview Macroeconomics
The banking sector increased by 26.6%
DFM levels up 235 pts in 2019; Market cap hits AED 374.2bn Trading Activities
Startups do not repay the funding since it is a grant by Tamkeen
How can non-local startups get grants in Bahrain? – Interview with Pakiza Abdulrahman Sector Reports
Salma is the Arabic version of Google Home and Amazon Alexa
Story behind first Arabic voice assistant ‘Salma’ – Interview Event
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Islamic Finance
Nasdaq Dubai has welcomed listing of $400m Sukuk by Dar Al-Arkan
Nasdaq Dubai welcomes Dar Al-Arkan’s $400m Sukuk listing Companies Investments
The five-year Sukuk issuance was oversubscribed 2.5 times
GFH rings bell for listing $300m Sukuk in Nasdaq Sukuk and Islamic Finance
Photo Archive
Dar Al Arkan issues SAR 1.5bn unsecured Sukuk Sukuk and Islamic Finance
The offering will mature on 25 February
Riyad Bank completes 1st offering of int’l sukuk Sukuk and Islamic Finance
Photo Archive
Riyad Bank launches int’l Sukuk programme Sukuk and Islamic Finance
Photo Archive
Dar Alarkan intends to issue dollar Sukuk Banking and Finance
DIB's net income grew by 13% to AED 9.266 billion
DIB reports higher net profits at AED 5.102bn in 2019; dividends proposed Financial Results
Sukuk receiving bids worth a total of $4.59 billion
Boubyan Bank issues $750m Sukuk Sukuk and Islamic Finance
Photo Archive
Riyad Bank creates $3bn Sukuk programme Sukuk and Islamic Finance
Photo Archive
Tadawul issues AlBilad Saudi Sovereign Sukuk ETF terms Sukuk and Islamic Finance
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Arab Markets
The company expects to finalise the negotiations in March
Maridive in talks to restructure outstanding loans Corporate Actions
The company achieved operational losses of SAR 81.9 million
Wafrah posts 61% accumulated losses Board of Directors
The company’s capital will be raised to EGP 1 billion
FRA approves CI Capital’s EGP 200m capital hike Corporate Actions
Tabuk is yet to announce the financial advisor of the capital hike
Tabuk Agricultural Development plans SAR 100m capital hike Board of Directors
AT Lease’s net profits fell to EGP 67.15 million in 2019
AT Lease gets approval to raise capital to EGP 287.3m Corporate Actions
The societies will provide facemasks, sanitizers, and detergents
Kuwait to provide coronavirus supplies via cooperative societies Global Economy
Net profit amounted to SAR 2.81 billion last year
SABB profits down 4.2% in 2019 Banking and Finance
The company’s capital will be raised by EGP 1.217 billion
EGX approves Al Ezz Dekheila Steel’s rights issue Corporate Actions
TASI closed at 7,711 points
Tadawul down 0.6% at Wednesday’s close Trading Activities
Sidpec’s sales fell to EGP 4.96 billion
Sidpec’s 2019 indicators show 62.5% profit drop Financial Results
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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