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26 February 03:07 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
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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 Sector Reports
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Thomson Reuters appoints former Nielsen’s president as CEO Global Reports
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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 Global Economy
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
Salma is the Arabic version of Google Home and Amazon Alexa
Story behind first Arabic voice assistant ‘Salma’ – Interview Event
Pakiza Abdulrahman, Manager of Business Development for Startups at EDB
Pakiza Abdulrahman: We encourage Egyptian startups to set up in Bahrain – Interview Macroeconomics
Vera Futorjanski during a panel at RiseUp Summit 2019
Vera Futorjanski: Startups must focus on solving local challenges – Interview Global Economy
Credit Agricole is still developing SMEs portfolio and getting some resources
Antoine Paliard talks fintech innovation, startup contests – Interview Central Banks
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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
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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
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Riyad Bank launches int’l Sukuk programme Banking and Finance
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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 Board of Directors
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 number of ships crossing the Suez Canal reached 18,800
Egypt's Suez Canal revenues rise to $5.8bn in FY18/19 Macroeconomics
The project is expected before the end of next June
UAE’s Arada plans new investment in Saudi Arabia in H1-20 Real estate
Demand on naphtha in Japan could slow
KPC cancels second naphtha tender in two weeks Corporate Actions
Revenues fell to EGP 62.35 million
Prime Holding swings to losses in 2019 unaudited financials Financial Results
Auto sales expected to decline amid coronavirus outbreak – Moody’s Global Reports
SODIC reported net profits of EGP 721.24 million in 2019
SODIC’s MD reveals reason not to bid for Heliopolis Housing management Real estate
Egyptian exports to the US increased by 31% in 2019
Egyptian exports to US hit $2.9bn in 2019 Sector Reports
The cabinet approved a contract between NAT and a French company
Cabinet agrees on deal with French company for Metro 3rd line International Agreements
The terminal will be build over an area of 560,000 square metres
Alexandria Port Authority inks deal to build multi-purpose terminal Macroeconomics
The rise in sales resulted from higher sales volumes and prices
Saudi Ceramic achieves SAR 7.15m profits in 2019 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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