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12 August 04:08 PM

UK enters recession after economy slumps 20.4% in Q2

The UK economy has suffered its largest-ever contraction during the second quarter (Q2) of the year on account of the coronavirus lockdown measures.
The total number of recoveries reached 57,193
UAE announces 246 new COVID-19 confirmed cases
The company reported net losses of $1.24 million
Naeem Holding logs $1.7m net losses in H1-20
The group saw AED 2.2 billion sales
Ducab reports AED 2.2bn sales in H1-20
Abu Dhabi's trade of tobacco declined by 21%
Abu Dhabi's tobacco imports almost zero in 4M
The company has completed a capital reduction
Julphar logs AED 83m accumulated losses
UAE Arab Global Commodities
DFMGI ADI
DFMGI
2,115.31 0.86% 18.08
Volume 187,771,374 Turnover 173,798,785 No. of Trades: 3,215
9 Down 4 Flat 17 Up
No. of Traded Stocks : 30
Last Update: 02:00 PM
ADI
4,359.58 -0.20% -8.62
Volume 126,997,666 Turnover 188,709,136 No. of Trades: 2,478
8 Down 3 Flat 15 Up
No. of Traded Stocks : 26
Last Update: 02:00 PM
Latest News
UK enters recession after economy slumps 20.4% in Q2 Global Reports
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The total number of recoveries reached 57,193
UAE announces 246 new COVID-19 confirmed cases
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The company reported net losses of $1.24 million
Naeem Holding logs $1.7m net losses in H1-20 Financial Results
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The group saw AED 2.2 billion sales
Ducab reports AED 2.2bn sales in H1-20 Financial Results
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Abu Dhabi's trade of tobacco declined by 21%
Abu Dhabi's tobacco imports almost zero in 4M Macroeconomics
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The company has completed a capital reduction
Julphar logs AED 83m accumulated losses Financial Results
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The group is planning to issue Islamic non-convertible Sukuk
Gulf Navigation incurs AED 463m accumulated losses Financial Results
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Nokia phones maker HMD secures $230m from strategic partners Global Reports
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The new DIFC branch is part of Samba’s growth plans
Samba licensed to open branch in DIFC Central Banks
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The net earned premium rose to AED 60.7m
Dubai National Insurance achieves higher profits in H1-20 Financial Results
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Mubasher Exclusive
The price of 24-karat gold amounted to EGP 1,046 per gram
Egypt's gold prices rise to all-time high Macroeconomics
The price of 24-karat gold stood at EGP 958.85 per gram
Gold prices register new record high in Egypt Macroeconomics
The sensor could be used in NASA's next Venus rover
Egyptian engineer wins NASA design competition Event
The government pays farmers between EGP 670 and EGP 700 per ardeb
Egypt buys 3.5m tonnes of local wheat since mid-April Commodities
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 Macroeconomics
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
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Islamic Finance
The total Sukuk issuance retreated by 12% in H1-20
Sukuk issuance to decrease 5% in 2020 - Moody's Sukuk and Islamic Finance
The Sukuk aims to reinforce the bank's capital
Khaleeji Commercial Bank finalises $159m Sukuk issuance Sukuk and Islamic Finance
The transaction will significantly strengthen the lender’s financial position
Khaleeji Commercial Bank issues $159m Sukuk Sukuk and Islamic Finance
The Nile Delta Sukuk will mature on 31 October
Dana Gas appoints financial adviser for Nile Delta Sukuk Sukuk and Islamic Finance
The par value of each bond is SAR 1 million
SABB offers SAR 5bn local Sukuk Sukuk and Islamic Finance
Sarwa Capital achieved net profits of EGP 93.78 million in Q1-20
Sarwa Capital's unit eyes EGP 2.5bn Sukuk issuance Sukuk and Islamic Finance
Amer Group achieved net profits of EGP 10.65 million in Q1-20
Amer inks protocol with Misr Capital, Sarwa to study Sukuk issuance Sukuk and Islamic Finance
This listing is DP World’s inaugural perpetual issuance
DP World lists $1.5bn perpetual Sukuk on Nasdaq Dubai Sukuk and 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
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Arab Markets
The company achieved revenues of EGP 244 million
October Pharma's profit soars 711% in H1-20 Financial Results
Mohsen Mohamed Abdul Rahman Hassan has been appointed as the managing director
El-Kaliouby named chairman of Arab Cotton Ginning Board of Directors
UK enters recession after economy slumps 20.4% in Q2 Global Reports
The deal involved the purchase of 14 million shares
Banque Misr increases stake in CI Capital Insider Trading & Treasury Stocks
The total number of recoveries reached 57,193
UAE announces 246 new COVID-19 confirmed cases
The company generated EGP 55.5 million in revenue
Canal Shipping reports EGP 328m profit in FY19/20 Financial Results
Facial recognition will be used to take student attendance
Egypt to invest EGP 4.7bn in digitising 27 state-run universities
The lender gained SAR 318.1 million in net profits during Q2-20
Itqan Capital maintains “Neutral” recommendation on Bank Albilad Stock Evaluations
The company reported net losses of $1.24 million
Naeem Holding logs $1.7m net losses in H1-20 Financial Results
The company’s operating income grew to EGP 15.8 million
Lift Slab Misr reports 16-fold profit leap in H1-20 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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