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07 August 05:48 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.
Bank of England keeps interest rates unchanged, expects longer recovery
US, China to review trade deal mid-August
Thomson Reuters reports lower quarterly earnings   
Beirut explosion causes $3-5bn damages – Governor
Nestlé reports 9.5% drop in H1 sales
Iraq Arab Global Commodities
ISX60
451.99 1.82% 8.09
Volume 1,164,995,445 Turnover 567,442,793 No. of Trades: 438
5 Down 8 Flat 19 Up
No. of Traded Stocks : 32
Last Update: 29 July 10:30 AM
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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Bank of England keeps interest rates unchanged, expects longer recovery Global Reports
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US, China to review trade deal mid-August Global Reports
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Thomson Reuters reports lower quarterly earnings    Global Reports
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The price of 24-karat gold amounted to EGP 1,046 per gram
Egypt's gold prices rise to all-time high Commodities
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Beirut explosion causes $3-5bn damages – Governor Global Reports
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Nestlé reports 9.5% drop in H1 sales Global Reports
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BP reports $16.8bn quarterly losses, slashes dividends Global Reports
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Photo Archive
Average Dubai crude oil price rises to $43.278 pb in July Commodities
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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 Commodities
The price of 24-karat gold stood at EGP 958.85 per gram
Gold prices register new record high in Egypt Macroeconomics
The sensor could be used in NASA's next Venus rover
Egyptian engineer wins NASA design competition Event
The government pays farmers between EGP 670 and EGP 700 per ardeb
Egypt buys 3.5m tonnes of local wheat since mid-April Commodities
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 Banking and Finance
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 Event
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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 Sukuk and Islamic Finance
The transaction will significantly strengthen the lender’s financial position
Khaleeji Commercial Bank issues $159m Sukuk Banking and Finance
The Nile Delta Sukuk will mature on 31 October
Dana Gas appoints financial adviser for Nile Delta Sukuk Sukuk and Islamic Finance
The par value of each bond is SAR 1 million
SABB offers SAR 5bn local Sukuk Sukuk and Islamic 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 Banking and 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 Macroeconomics
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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