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07 August 06:51 PM

Lufthansa plans for compulsory job cuts

Lufthansa has given its workers a notice for compulsory job cuts after incurring EUR 1.7 billion operating losses in a single quarter.
The real estate segment topped the winners
ADX gains AED 5.4bn on Thursday
Emaar Properties topped the rising blue chips
DFM closes Thursday up; market cap records AED 298bn
Bank of England keeps interest rates unchanged, expects longer recovery
The total Sukuk issuance retreated by 12% in H1-20
Sukuk issuance to decrease 5% in 2020 - Moody's
Direct operating costs reached $1.9 billion
Etihad Airways logs $758m losses in H1-20
UAE Arab Global Commodities
DFMGI ADI
DFMGI
2,107.64 1.36% 28.25
Volume 348,377,977 Turnover 288,518,078 No. of Trades: 4,642
4 Down 5 Flat 22 Up
No. of Traded Stocks : 31
Last Update: 6 August 02:00 PM
ADI
4,359.59 1.25% 53.67
Volume 45,479,779 Turnover 117,932,354 No. of Trades: 1,423
8 Down 3 Flat 14 Up
No. of Traded Stocks : 25
Last Update: 6 August 02:00 PM
Latest News
Lufthansa plans for compulsory job cuts Global Reports
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The OSPs to Northwestern Europe declined by $2.5
Saudi Aramco sets crude selling prices for September Commodities
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The real estate segment topped the winners
ADX gains AED 5.4bn on Thursday Trading Activities
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Emaar Properties topped the rising blue chips
DFM closes Thursday up; market cap records AED 298bn Trading Activities
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Bank of England keeps interest rates unchanged, expects longer recovery Global Reports
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The total Sukuk issuance retreated by 12% in H1-20
Sukuk issuance to decrease 5% in 2020 - Moody's Sukuk and Islamic Finance
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Direct operating costs reached $1.9 billion
Etihad Airways logs $758m losses in H1-20 Financial Results
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The lender's total income retreated by 4.5%
RAKBANK's net profits decline by 45% in H1-20 Financial Results
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This project is in line with Tawazun's objective
UAE to develop satellite assembly, test centre with Airbus International Agreements
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US, China to review trade deal mid-August Global Reports
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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 Commodities
The sensor could be used in NASA's next Venus rover
Egyptian engineer wins NASA design competition Global Economy
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 Companies Investments
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 Banking and 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 Management Decisions
The par value of each bond is SAR 1 million
SABB offers SAR 5bn local Sukuk Banking and 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 Banking and Finance
The offering aims to meet SABB’s financial and strategic needs
SABB sets up local Sukuk programme Sukuk and Islamic Finance
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Arab Markets
The two ministers discussed the possible means to strengthen bilateral relations
Egypt, Greece ink maritime demarcation agreement Macroeconomics
The contract duration is one year
Walaa Insurance ink SAR 9.5m deal with Advanced Petrochemical Companies Investments
Quarterly profits amounted to SAR 36.2 million
City Cement posts 12.2% growth in Q2 profits Financial Results
Photo Archive
ANB registers 46% lower profits in Q2 Financial Results
The company’s revenues fell to EGP 11.27 million
United Arab Stevedoring’s loss rises 12% in FY19/20 initial results Financial Results
The total number of recoveries increased to 247,089
Saudi Arabia registers 1,402 COVID-19 cases
The market cap value grew by 3.5 billion
EGX ends Thursday in green on local, Arab purchases Trading Activities
A total of 229.077 million shares were exchanged
TASI keeps upward performance for fifth session in row Trading Activities
The country’s net international reserves increased by $113 million in July
Egypt's gold reserves jump $1.2bn in 7M Banking and Finance
Lufthansa plans for compulsory job cuts Global Reports
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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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