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04 June 03:17 AM

Saudi Arabia, Russia near agreement to extend oil output cut

Saudi Arabia and Russia have reportedly agreed on a preliminary deal to extend the current crude oil output curbs for another month.
Air Arabia has made efforts to prevent job cuts
Air Arabia to cut more jobs amid COVID-19
The market cap value increased by AED 900m
ADX up on Wednesday; market cap reaches AED 481.78bn
The market cap value amounted to AED 288.08bn
DFM gains 15 pts on Wednesday
May's PMI has reflected a considerable decline
UAE PMI sees fourth contraction in row - IHS Markit
Abu Dhabi is raising money via bond markets
Abu Dhabi issues $3 billion bonds
UAE Arab Global Commodities
DFMGI ADI
DFMGI
1,999.71 0.77% 15.25
Volume 161,611,897 Turnover 209,704,500 No. of Trades: 3,833
10 Down 3 Flat 19 Up
No. of Traded Stocks : 32
Last Update: 3 June 02:00 PM
ADI
4,284.74 0.17% 7.36
Volume 63,855,626 Turnover 261,071,270 No. of Trades: 2,224
7 Down 2 Flat 13 Up
No. of Traded Stocks : 22
Last Update: 3 June 02:00 PM
Latest News
Saudi Arabia, Russia near agreement to extend oil output cut Global Reports
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Air Arabia has made efforts to prevent job cuts
Air Arabia to cut more jobs amid COVID-19 Management Decisions
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The market cap value increased by AED 900m
ADX up on Wednesday; market cap reaches AED 481.78bn Trading Activities
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The market cap value amounted to AED 288.08bn
DFM gains 15 pts on Wednesday Trading Activities
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May's PMI has reflected a considerable decline
UAE PMI sees fourth contraction in row - IHS Markit Macroeconomics
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Abu Dhabi is raising money via bond markets
Abu Dhabi issues $3 billion bonds Macroeconomics
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UAE banks' foreign assets grew to AED 814.89bn in April
UAE banks' foreign assets up 3% in April Central Banks
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Borg El-Arab Petroleum and Mineral Company drilled El Salmiya-5 well
Egypt makes new oil discovery in Western Desert Commodities
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Dubai Financial Market
GFH reveals market making activity for May Trading Activities
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SAFEEN FEEDERS will offer new feeder services
Abu Dhabi Ports establishes new feeder company Companies Investments
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More
Mubasher Exclusive
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 Companies Investments
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 Commodities
Dana Gas is continuously taking all necessary precautions to protect its business
Dana Gas’ business in Kurdistan normal – Official Companies Investments
Bahrain launched Cloud First Policy in 2017
Pakiza Abdulrahman: Gov’t leads cloud adoption in Bahrain; private sector is following – Interview Macroeconomics
More
Islamic Finance
Sharjah has issued AED 4 billion Sukuk
Sharjah pumps AED 4bn liquidity to support banking system Macroeconomics
HSBC was hired as global coordinator for the transaction
Sharjah launches new dollar-dominated Sukuk Macroeconomics
The issuance is part of a Sukuk programme at a maximum value of $2 billion
Warba Bank receives regulatory approval for KWD 150m Sukuk Banking and Finance
The outlook on all ratings was changed to ratings under review
Moody’s downgrades Arabian Centres ratings Sukuk and Islamic Finance
Riyad Bank and MIS signed the finance agreement on 4 May
MIS signs SAR 290m Islamic finance deal Sukuk and Islamic Finance
Dividends will be distributed at SAR 0.0674 per unit
Albilad Sovereign Sukuk ETF announces dividends Sukuk and Islamic Finance
The banks' investments in stocks were lowered to AED 9.1bn in March
UAE banks slash bond, stock investments in March Central Banks
Capital Market Authority (CMA)
Mudaraba Fintech application receives experimental permit Sukuk and Islamic Finance
Sukuk trading suspension will begin on 15 June 2020
Riyad Bank to redeem SAR 4bn Sukuk Sukuk and Islamic Finance
The Sukuk is valued at $200 million
AUB Kuwait to pay $5.5m dividends to Ahli United Sukuk Cash Dividends
More
Arab Markets
The competition is open for entrepreneurs until 22 June
RiseUp invites Egyptian startups to participate in $1.5m competition
The number of electricity subscribers in Aswan amounted to about 540,000
Egypt upgrades electricity distribution networks in Aswan at EGP 500m Macroeconomics
Saudi Arabia, Russia near agreement to extend oil output cut Global Reports
Jahez was founded in 2016
Jahez platform raises SAR 137m in Series A Funding Banking and Finance
Deposits denominated in local currency grew by EGP 40.6 billion
Egypt’s local-currency deposits hit a record of EGP 3.1trn in April Macroeconomics
The market cap value gained EGP 3 billion
EGX ends Wednesday in green amid heavy liquidity Trading Activities
Businesses remained severely impacted by COVID-19
Saudi PMI posts 48.1 in May – HIS Markit Macroeconomics
The new metro line will employ Siemens’ SIMATIC substation operating system
Siemens Energy to power Cairo Metro Line 3 extension project Macroeconomics
Saudi Arabia registered 30 deaths
Saudi Arabia confirms 2,171 new COVID-19 cases
The Egypt PMI rose 11 points to 40.7 in May
Egypt’s non-oil private activity sees softer downturn in May Sector Reports
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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