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05 July 01:04 PM

US initial jobless claims surge 1.427m

The initial jobless claims in the US increased for the first time more than expected by 1.427 million in the week ending on 27 June.
Asia's economy likely to contract 1.6% in 2020
EasyJet to slash jobs in Berlin, cancel German domestic flights
UK's economy slides to 40-year low in Q1-20
UK aims to sell GBP 275bn of debt in 5M
BP to sell petrochem business to INEOS for $5bn
Iraq Arab Global Commodities
ISX60
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Volume 468,729,845 Turnover 446,397,629 No. of Trades: 258
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No. of Traded Stocks : 23
Last Update: 10:30 AM
Latest News
US initial jobless claims surge 1.427m Global Reports
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Asia's economy likely to contract 1.6% in 2020 Global Reports
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EasyJet to slash jobs in Berlin, cancel German domestic flights Global Economy
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Brent crude futures declined 56 cents
Kuwaiti crude oil increases $1.2 pb on Tuesday Macroeconomics
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The price for Octane 91 has been set at SAR 0.98 per litre
Saudi Aramco adjusts fuel prices after latest VAT hike Macroeconomics
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UK's economy slides to 40-year low in Q1-20 Global Economy
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The greenback slid to EGP 16.08 for buying at ALEXBANK and Suez Canal Bank
USD falls against EGP at local banks on Tuesday Banking and Finance
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UK aims to sell GBP 275bn of debt in 5M Global Economy
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BP to sell petrochem business to INEOS for $5bn Global Reports
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COVID-19 drug remdesivir priced at $2,340 per patient in US Global Reports
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Mubasher Exclusive
IEA sets $3trn green economic recovery plan Global Reports
Photo Archive
Saudi oil exports down 10.75% in 2019 Macroeconomics
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 Companies Investments
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
Bahrain launched Cloud First Policy in 2017
Pakiza Abdulrahman: Gov’t leads cloud adoption in Bahrain; private sector is following – Interview Macroeconomics
Startups do not repay the funding since it is a grant by Tamkeen
How can non-local startups get grants in Bahrain? – Interview with Pakiza Abdulrahman Sector Reports
Salma is the Arabic version of Google Home and Amazon Alexa
Story behind first Arabic voice assistant ‘Salma’ – Interview Companies Investments
Pakiza Abdulrahman, Manager of Business Development for Startups at EDB
Pakiza Abdulrahman: We encourage Egyptian startups to set up in Bahrain – Interview Central Banks
Vera Futorjanski during a panel at RiseUp Summit 2019
Vera Futorjanski: Startups must focus on solving local challenges – Interview
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Islamic Finance
The offering aims to meet SABB’s financial and strategic needs
SABB sets up local Sukuk programme Banking and Finance
The Sukuk programme is valued at a maximum KWD 2 billion
KIB obtains central bank’s initial approval for Sukuk issuance Banking and Finance
Indonesia is the largest Sukuk issuer on Nasdaq Dubai
Indonesia lists $2.5bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
The issuance was a tap on a $1 billion Sukuk
DIB lists $300m Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
The Sukuk is the first ever AAA-rated sustainability Sukuk
IsDB lists $1.5bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
DP World is expected to sell perpetual Sukuk at 6.125%
DP World forecast to sell $1.5bn perpetual Sukuk Sukuk and Islamic Finance
The five-year Sukuk has attracted 150 investors
Sharjah Islamic Banks lists $500m Sukuk on Nasdaq Dubai Banking and Finance
The bank has set a margin of return at 240 bps
DIB sells $300m in 2026 Sukuk tap Sukuk and Islamic Finance
The bank has tightened the price guidance for the notes
DIB likely to sell $200m worth of its Sukuk Sukuk and Islamic Finance
A sum of SAR 138.7 million was distributed
Arabian Aramco Total Services partially redeems sukuk Sukuk and Islamic Finance
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Arab Markets
The number of residential units connected to natural gas reached 11.1 million
Egypt connects 1m residential units with natural gas in FY19/20
A Ministry of Industry and Advanced Technology was created
UAE establishes new government structure Macroeconomics
The company’s revenues surged to EGP 10.4 billion
Qalaa Holdings records 9-fold rise in losses in Q1-20 Financial Results
The remaining shares total 2.495 million shares
Allianz SF rights issue 93.8% subscribed Companies Investments
CIB aims to strengthen its capital base ahead of the expected economic recovery
CIB inks $100m Tier II capital facility agreement Banking and Finance
The higher demand for inputs leads to higher purchasing costs
UAE non-oil private sector grows for first time in 2020 Macroeconomics
The issuance will be used to finance the country’s budget deficit
CBE offers EGP 23.5bn T-bills, bonds on Sunday Bonds
The offering aims to meet SABB’s financial and strategic needs
SABB sets up local Sukuk programme Banking and Finance
A total of 19,311 vessels crossed Suez Canal
Suez Canal’s revenues slightly down to $5.72bn in FY19/20 Macroeconomics
The MoU was signed on 2 July
Zain KSA, Mobily to raise participation in telecom towers Companies Investments
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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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