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17 February 08:38 PM

New Zealand lowers growth forecasts due to coronavirus epidemic

Economic growth in New Zealand is expected to slow to around 2% to 2.5% in 2020, as a result of the coronavirus outbreak impact.
The North African nation spent EGP 9.87 billion on fuel subsidies
Egypt slashes spending on fuel subsidies by 67% in H1-19/20
Market capitalisation gained EGP 2.38 billion
EGX ends Monday higher on foreign buying
GM to withdraw from Australia, New Zealand, Thailand
Spending on on employee salaries and compensation reached EGP 147.22 billion
Egypt’s spending on salaries up 12% in H1-19/20
Swiss International Hotels aims to raise the number of its hotels in the GCC region to 30
Thrawaat International aims to launch 8 Swiss International hotels in Egypt
Egypt Arab Global Commodities
EGX30
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Last Update: 02:29 PM
Latest News
The North African nation spent EGP 9.87 billion on fuel subsidies
Egypt slashes spending on fuel subsidies by 67% in H1-19/20 Macroeconomics
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Market capitalisation gained EGP 2.38 billion
EGX ends Monday higher on foreign buying Trading Activities
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GM to withdraw from Australia, New Zealand, Thailand Global Reports
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New Zealand lowers growth forecasts due to coronavirus epidemic Global Reports
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Spending on on employee salaries and compensation reached EGP 147.22 billion
Egypt’s spending on salaries up 12% in H1-19/20 Macroeconomics
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Swiss International Hotels aims to raise the number of its hotels in the GCC region to 30
Thrawaat International aims to launch 8 Swiss International hotels in Egypt Companies Investments
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The USD dropped to EGP 15.65 for buying at ADIB
USD falls against EGP at local banks on Monday Central Banks
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Castle Landmark has been launched in 2018 in partnership with El Makassa
Castle Development inks MoU with Schneider Electric for energy management solutions Real estate
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SAIB's interest expenses recorded $401.2 million in 2019
SAIB achieves $12m net profits in 2019 initial financials Financial Results
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The company’s sales surged to EGP 523 million
October Pharma’s indicators show 80% profit hike in 2019 Financial Results
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Mubasher Exclusive
MWC 2020 cancelled over coronavirus worries Global Reports
The new companies’ activities will include micro insurance
Raya Holding to launch 3 companies with EGP 15m capital Companies Investments
Suez Canal Bank’s chairman Hussein Refaei
Suez Canal Bank considers providing EGP 400m syndicated loans Banking and Finance
The Textile Export Council aims to increase its exports to $12 billion by 2025
Egypt’s textile exports exceed $3bn in 2019 Macroeconomics
The CBE kept the overnight lending rate steady at 13.25%
NBE cuts interest rates on personal loans, Murabaha by 1% Banking and Finance
The funding will be offered at a declining interest rate of 10%
CBE to activate mortgage initiative in March – Sources Real estate
IPOs are expected from an education group and a food security company
CI Capital plans two IPOs; raises assets to EGP 9.2bn Event
FDI inflows to Egypt from KSA amounted to $69.3 million in Q1-FY19/20
Saudi FDI in Egypt down 43% in 3M Macroeconomics
Assistant housing minister at NUCA, Walid Abbas
Egypt ministry to issue decrees for new cities’ projects Macroeconomics
The two real estate developments are expected to generate sales of about EGP 10 billion
DM Development to launch New Cairo, North Coast projects at EGP 3bn in FY21/22 Companies Investments
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Islamic Finance
Photo Archive
Dar Alarkan intends to issue dollar Sukuk Sukuk and Islamic 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 Cash Dividends
Sukuk receiving bids worth a total of $4.59 billion
Boubyan Bank issues $750m Sukuk Banking and 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
Riyad Bank
Moody's assigns A2 rating to Riyad Bank's $3bn Sukuk Banking and Finance
Saudi Arabian Monetary Authority (SAMA)
Saudi banks increase investments in gov’t bonds Sector Reports
CIAF Leasing will be the issuer of sukuk worth $50 million
CIAF Leasing, Talaat Moustafa to issue sukuk in 3 months Sukuk and Islamic Finance
Ministry of Finance
Saudi Arabia closes January Sukuk issuance Macroeconomics
Mumtalakat’s CEO Khalid Al Rumaihi
Mumtalakat receives $4bn orders for $500m sukuk Banking and Finance
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Arab Markets
Abu Dhabi encourages local and foreign investors to initiate their industrial businesses
Abu Dhabi’s industrial facilities grow by over 57% in 2019 Sector Reports
The North African nation spent EGP 9.87 billion on fuel subsidies
Egypt slashes spending on fuel subsidies by 67% in H1-19/20 Macroeconomics
DSI's reputation followed Tabari's statement on 5 February
DSI denies arrested former CEO’s claims Law
Market capitalisation gained EGP 2.38 billion
EGX ends Monday higher on foreign buying Trading Activities
GM to withdraw from Australia, New Zealand, Thailand Global Reports
Household credit expanded by 5% in 2019
Kuwait’s local credit grows at 4.3% in 2019 - NBK Banking and Finance
The agreements are expected to remain effective until 2023
Etihad Cargo partners with dnata to handle 15 global stations Companies Investments
TASI ended the second session of the week at 7,872.55 points
Tadawul up 0.97% at Monday’s close Trading Activities
Emirates' CPI recorded 106.15 points in January 2020
UAE’s inflation continues to decline for 14th month in row Macroeconomics
Photo Archive
Steel prices rise second month in row; cement at 38M-high Sector 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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