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12 August 01:32 PM

UK enters recession after economy slumps 20.4% in Q2

The UK economy has suffered its largest-ever contraction during the second quarter (Q2) of the year on account of the coronavirus lockdown measures.
Russia approves first COVID-19 vaccine
Nokia phones maker HMD secures $230m from strategic partners
Marriott sees greater-than-expected quarterly loss
Senators urge US Trade Representative to lift tariffs on EU goods
Unilever may cancel HQ unification plan over Dutch exit tax
Jordan Arab Global Commodities
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Last Update: 11:30 AM
Latest News
UK enters recession after economy slumps 20.4% in Q2 Global Reports
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Nokia phones maker HMD secures $230m from strategic partners Global Reports
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Russia approves first COVID-19 vaccine Global Reports
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Marriott sees greater-than-expected quarterly loss Global Reports
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Senators urge US Trade Representative to lift tariffs on EU goods Global Reports
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Unilever may cancel HQ unification plan over Dutch exit tax Global Reports
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Egypt's Minister of International Cooperation, Rania El-Mashat
Egypt launches first platform for closing the gender gap accelerator Macroeconomics
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The joined members can now provide brokerage services for derivatives trading
Tadawul welcomes five members to derivatives market Event
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The third stage will be conducted on 5,000 participants in the kingdom
Saudi Arabia starts phase three clinical trial of COVID-19 vaccine Global Economy
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Lufthansa plans for compulsory job cuts Global Reports
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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 Macroeconomics
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 Global Economy
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 Macroeconomics
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 Companies Investments
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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 Sukuk and Islamic Finance
The Nile Delta Sukuk will mature on 31 October
Dana Gas appoints financial adviser for Nile Delta Sukuk Management Decisions
The par value of each bond is SAR 1 million
SABB offers SAR 5bn local Sukuk Banking and Finance
Sarwa Capital achieved net profits of EGP 93.78 million in Q1-20
Sarwa Capital's unit eyes EGP 2.5bn Sukuk issuance Corporate Actions
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 company achieved revenues of EGP 244 million
October Pharma's profit soars 711% in H1-20 Financial Results
Mohsen Mohamed Abdul Rahman Hassan has been appointed as the managing director
El-Kaliouby named chairman of Arab Cotton Ginning Board of Directors
UK enters recession after economy slumps 20.4% in Q2 Global Reports
The deal involved the purchase of 14 million shares
Banque Misr increases stake in CI Capital Insider Trading & Treasury Stocks
The total number of recoveries reached 57,193
UAE announces 246 new COVID-19 confirmed cases
The company generated EGP 55.5 million in revenue
Canal Shipping reports EGP 328m profit in FY19/20 Financial Results
Facial recognition will be used to take student attendance
Egypt to invest EGP 4.7bn in digitising 27 state-run universities
The lender gained SAR 318.1 million in net profits during Q2-20
Itqan Capital maintains “Neutral” recommendation on Bank Albilad Stock Evaluations
The company reported net losses of $1.24 million
Naeem Holding logs $1.7m net losses in H1-20 Financial Results
The company’s operating income grew to EGP 15.8 million
Lift Slab Misr reports 16-fold profit leap in H1-20 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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