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02 March 10:11 PM

Target earnings exceed estimates as sales grow 21%

Earnings of Target surpassed Wall Street’s estimates, as its sales were boosted by a strong holiday season and stimulus checks.
IPO numbers globally continued to pick up with 1,363 IPOs taking place in 2020.
KSA continues to lead IPO market in MENA with $1.45bn raised on Tadawul in 2020
The repayment period of the outstanding loans will be extended by an additional six years.
Chemanol restructures SAR 475m loans with local banks
Lower net income was attributed to the group's higher precautionary provisions
Al Baraka Banking Group achieves 8% lower net income in 2020
Airline industry to remain cash negative in 2021 - IATA
EU leaders meet to accelerate vaccine production, rollout
Bahrain Arab Global Commodities
BSEX
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Volume 1,813,822 Turnover 518,024 No. of Trades: 74
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No. of Traded Stocks : 12
Last Update: 01:00 PM
Latest News
Target earnings exceed estimates as sales grow 21% Global Reports
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Abu Dhabi National Oil Company (ADNOC) - (Photo Archive)
ADNOC to ease output cuts in April Macroeconomics
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IPO numbers globally continued to pick up with 1,363 IPOs taking place in 2020.
KSA continues to lead IPO market in MENA with $1.45bn raised on Tadawul in 2020 Initial Public Offerings
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The repayment period of the outstanding loans will be extended by an additional six years.
Chemanol restructures SAR 475m loans with local banks Companies Investments
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Lower net income was attributed to the group's higher precautionary provisions
Al Baraka Banking Group achieves 8% lower net income in 2020 Banking and Finance
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Airline industry to remain cash negative in 2021 - IATA Global Reports
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EU leaders meet to accelerate vaccine production, rollout Global Reports
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The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020.
Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020 Macroeconomics
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The GCC insurers could face key risks relating to volatility of earnings
S&P Global ratings on GCC insurance market expected to remain stable in 2021 Sector Reports
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The first Murban futures contract will be physically delivered two months ahead
ADNOC, ICE prepare for launching ICE Murban Crude Oil futures in March Companies Investments
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Mubasher Exclusive
The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020.
Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020 Macroeconomics
Mirna Arif, General Manager of Microsoft Egypt
Reimagining Egypt’s economy through digital transformation – Interview with Mirna Arif Sector Reports
Photo Archive
Identifying investment opportunities post-COVID – Interview with Huda Al-Lawati Macroeconomics
Zedny was founded in 2018
Online platforms for professional development - Interview with Zedny Macroeconomics
The webinar discussed the Road to Digital Transformation and Innovation
Industry leaders discuss the future of digital transformation Event
The price of 21-karat gold registered EGP 825 per gram
Egypt's gold prices drop on lower global prices Commodities
Saudi Stock Exchange (Tadawul)
Your guide to the new Saudi derivatives market - Infographic Markets Regulations
The derivatives market will be launched on Sunday, 30 August
Investors awaiting launch of Saudi derivatives market next week Derivatives
Selina Bieber, Senior Regional Director for MENA, Turkey, and South Africa, GoDaddy
Middle East on track for digital growth - Interview Event
COVID-19 made investments in healthcare a top priority
COVID-19 and the future of digital healthcare services Event
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Islamic Finance
The team implemented its first two transactions from Russia
Emirates NBD Capital completes 60 debt capital transactions in 2020 Banking and Finance
The company will also allow the board to issue additional Tier 1 non-convertible Sukuk
DIB's shareholders to authorise board to issue senior, additional Tier 1 Sukuk General Assembly
The listing request was submitted by the Saudi Ministry of Finance
Tadawul approves government debt instruments listing Sukuk and Islamic Finance
The Sukuk issuances were divided into two tranches.
Saudi MoF closes February issue of local Sukuk Program at SAR 3.16bn Banking and Finance
The Sukuk has a 10-year maturity period
Riyad Bank completes Tier 2 capital-eligible Sukuk issuance Banking and Finance
The total number of primary issuances during last year totalled 360.
Bonds, Sukuk primary issuances in GCC see value rising to $132.7bn in 2020 Sukuk and Islamic Finance
A total of 6,250 Sukuk were offered at a par value of $200,000 each.
NCB offers USD-denominated Additional Tier 1 Sukuk at SAR 1.25bn Banking and Finance
The Sukuk issuances were divided into two tranches.
Saudi MoF closes January issue of local Sukuk Program at SAR 2.95bn Banking and Finance
Each of the minimum subscription value and Sukuk par value amounts to $200,000.
NCB starts issuing USD-denominated Additional Tier 1 Sukuk Sukuk and Islamic Finance
The Sukuk offering end date is 9 February 2021.
Riyad Bank starts offering Tier 2 Sukuk Companies Investments
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Arab Markets
The transaction involved the trading of 31.945 million shares
Asmak Co ups stake in Porto Group Holding for EGP 30m Insider Trading & Treasury Stocks
Selling and administrative expenses fell by EGP 49 million
Lecico Egypt's loss narrows 26% in 2020 Financial Results
People with chronic diseases and the elderly will be prioritised for the vaccine
Egypt to receive another 300k doses of Chinese COVID-19 vaccine
The sale proceeds will be used in further improving the return on equity in the group.
Fitaihi Holding sells entire stake in Al-Jouf Agricultural for SAR 125.7m Companies Investments
Photo Archive
Saudia Cargo, Alibaba’s Cainiao team up to boost e-commerce International Agreements
The Saudi Central Bank (SAMA)
Saudi banks’ investments in gov’t bonds jump 15.45% in January Banking and Finance
The funding was directed to about 1.24 million enterprises
MSMEDA provides EGP 13.5bn funding to micro-enterprises in six years Macroeconomics
Rania El-Mashat held a meeting with the Swiss Ambassador to Egypt, Paul Garnier
Egypt-Swiss ongoing cooperation portfolio amounts to $58m Macroeconomics
A total of 570.396 million shares were traded on Tuesday through 594,353 deals.
TASI wins 109.91 pts on Tuesday; turnover at SAR 15.27bn Trading Activities
Target earnings exceed estimates as sales grow 21% Global Reports
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International Markets
Eurozone manufacturing growth at fastest pace since May 2018
Eurozone manufacturing sector sees strongest growth in over two years
Eurozone inflation turns negative for first time in four years
Global markets may return to fundamentals in 2020 –Emirates NBD
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