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26 February 06:19 PM

Auto sales expected to decline amid coronavirus outbreak – Moody’s

Moody's Investors Service (Moody's) has expected that the sales of global auto manufacturers will decrease amid the increasing number of coronavirus cases.
The patients were among those who came from Iran
Kuwait confirms seven more coronavirus cases; takes count to 25
The new cases were amongst those who arrived from Iran
Bahrain confirms 3 more coronavirus cases; bringing total to 26
The resort will be used as a quarantine facility
Al Khiran Resort to be Kuwait's quarantine facility against coronavirus
The decision comes into effect on Wednesday
Kuwait suspends flights with Singapore, Japan over coronavirus fears
The new cases were among those who arrived from Iran
Kuwait confirms 3 more coronavirus cases
Jordan Arab Global Commodities
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The societies will provide facemasks, sanitizers, and detergents
Kuwait to provide coronavirus supplies via cooperative societies Global Economy
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Auto sales expected to decline amid coronavirus outbreak – Moody’s Global Reports
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The patients were among those who came from Iran
Kuwait confirms seven more coronavirus cases; takes count to 25 Global Economy
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Brent crude declined by $1.35 on Tuesday
Kuwait’s crude oil dips 17 cents on Tuesday – KPC Commodities
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The new cases were amongst those who arrived from Iran
Bahrain confirms 3 more coronavirus cases; bringing total to 26 Global Economy
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The resort will be used as a quarantine facility
Al Khiran Resort to be Kuwait's quarantine facility against coronavirus Global Economy
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The decision comes into effect on Wednesday
Kuwait suspends flights with Singapore, Japan over coronavirus fears Global Economy
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The new cases were among those who arrived from Iran
Kuwait confirms 3 more coronavirus cases Global Economy
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The new 787 airplanes will be powered by engines manufactured by GE Aviation
Japan’s ANA orders up to 20 Boeing 787 Dreamliner aircraft Global Economy
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Côte d’Ivoire registered an 8% GDP growth rate in 2019
Drogba backs Côte d’Ivoire by raising $15bn commitments for tourism Global Economy
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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 Sector Reports
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 Macroeconomics
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 Companies Investments
Vera Futorjanski during a panel at RiseUp Summit 2019
Vera Futorjanski: Startups must focus on solving local challenges – Interview Event
Credit Agricole is still developing SMEs portfolio and getting some resources
Antoine Paliard talks fintech innovation, startup contests – Interview Event
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Islamic Finance
Nasdaq Dubai has welcomed listing of $400m Sukuk by Dar Al-Arkan
Nasdaq Dubai welcomes Dar Al-Arkan’s $400m Sukuk listing Sukuk and Islamic Finance
The five-year Sukuk issuance was oversubscribed 2.5 times
GFH rings bell for listing $300m Sukuk in Nasdaq Corporate Actions
Photo Archive
Dar Al Arkan issues SAR 1.5bn unsecured Sukuk Sukuk and Islamic Finance
The offering will mature on 25 February
Riyad Bank completes 1st offering of int’l sukuk Sukuk and Islamic Finance
Photo Archive
Riyad Bank launches int’l Sukuk programme Sukuk and Islamic Finance
Photo Archive
Dar Alarkan intends to issue dollar Sukuk Banking and 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
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Riyad Bank creates $3bn Sukuk programme Banking and Finance
Photo Archive
Tadawul issues AlBilad Saudi Sovereign Sukuk ETF terms Sukuk and Islamic Finance
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Arab Markets
The company expects to finalise the negotiations in March
Maridive in talks to restructure outstanding loans Banking and Finance
The company achieved operational losses of SAR 81.9 million
Wafrah posts 61% accumulated losses Board of Directors
The company’s capital will be raised to EGP 1 billion
FRA approves CI Capital’s EGP 200m capital hike Corporate Actions
Tabuk is yet to announce the financial advisor of the capital hike
Tabuk Agricultural Development plans SAR 100m capital hike Board of Directors
AT Lease’s net profits fell to EGP 67.15 million in 2019
AT Lease gets approval to raise capital to EGP 287.3m Corporate Actions
The societies will provide facemasks, sanitizers, and detergents
Kuwait to provide coronavirus supplies via cooperative societies Global Economy
Net profit amounted to SAR 2.81 billion last year
SABB profits down 4.2% in 2019 Banking and Finance
The company’s capital will be raised by EGP 1.217 billion
EGX approves Al Ezz Dekheila Steel’s rights issue Corporate Actions
TASI closed at 7,711 points
Tadawul down 0.6% at Wednesday’s close Trading Activities
Sidpec’s sales fell to EGP 4.96 billion
Sidpec’s 2019 indicators show 62.5% profit drop Financial Results
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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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