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27 November 12:09 AM

No Arab billionaires have seen declines in wealth since April.
Arab billionaires’ fortunes jump $11bn despite the pandemic - Forbes

Riyadh – Mubasher: Arab billionaires have witnessed a surge in their fortunes despite the coronavirus pandemic, with a cohort of 21 individuals gaining $10.8 billion during the last seven months, Forbes said. The list was headed by Algerian …
The acquisition will expand the group's regional position
Agthia Group inks agreement to acquire Kuwait's Al Faysal Bakery and Sweets
The company will install 17,500 solar panels at three sites in Dubai
Agility announces new solar projects in Dubai, Jordan
Airlines to record $157bn losses in 2020, 2021 - IATA
Elon Musk becomes world's second-richest person
The assets of UAE banks rose by 3.2% QoQ in Q3-20
UAE's listed banks record highest growth in assets in GCC in Q3-20
Kuwait Arab Global Commodities
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Last Update: 26 November 12:30 PM
Latest News
No Arab billionaires have seen declines in wealth since April.
Arab billionaires’ fortunes jump $11bn despite the pandemic - Forbes Global Economy
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The acquisition will expand the group's regional position
Agthia Group inks agreement to acquire Kuwait's Al Faysal Bakery and Sweets Companies Investments
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The company will install 17,500 solar panels at three sites in Dubai
Agility announces new solar projects in Dubai, Jordan Companies Investments
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Airlines to record $157bn losses in 2020, 2021 - IATA Global Reports
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Elon Musk becomes world's second-richest person Global Reports
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The assets of UAE banks rose by 3.2% QoQ in Q3-20
UAE's listed banks record highest growth in assets in GCC in Q3-20 Banking and Finance
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AstraZeneca-Oxford COVID-19 vaccine can be 90% effective Global Reports
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The dual-listed firm is intensifying efforts to support the supply chain
Agility Public Warehousing joins FTSE4Good Index Series
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The investments include minority stakes in companies such as Snowflake
GFH invests in pre-IPO, global tech companies Companies Investments
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Pfizer and BioNTech vaccine is called BNT162b2.
Pfizer says final data shows coronavirus vaccine is 95% effective Global Economy
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Mubasher Exclusive
Zedny was founded in 2018
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The webinar discussed the Road to Digital Transformation and Innovation
Industry leaders discuss the future of digital transformation Event
The price of 21-karat gold registered EGP 825 per gram
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Saudi Stock Exchange (Tadawul)
Your guide to the new Saudi derivatives market - Infographic Markets Regulations
The derivatives market will be launched on Sunday, 30 August
Investors awaiting launch of Saudi derivatives market next week Markets Regulations
COVID-19 made investments in healthcare a top priority
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This recession is forecast to drive lower investments
What should the world learn from the COVID-19 crisis? Global Economy
Technology will help bring the best quality of education to all pupils
The rise of EdTech amid a pandemic; ephemeral boom or a new era? Event
Careem expanded its services in Egypt and the GCC
The story behind the region's first multi-service super app Event
The three-day event was held between 13 and 15 August
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Islamic Finance
The Sukuk has an interest rate of 3.908%
DP World announces profit distribution for $1.2bn Sukuk Management Decisions
Emirates NBD Capital was the sole manager of the transactions
Dubai collects $1.5bn from reopening of existing debt instruments Sukuk and Islamic Finance
The Sukuk was oversubscribed 5.7 times
DIB lists $1bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
CIRA reported net profits of EGP 330.4 million in nine months
CIRA mulls issuance of Ijara Sukuk Sukuk and Islamic Finance
The hired banks comprise Bank ABC, CBD
DAE hires banks for US dollar Sukuk issuance Companies Investments
DIB has achieved the lowest yield by any bank globally
DIB closes lowest yield AT1 Sukuk Sukuk and Islamic Finance
The banks will act as joint lead managers and joint bookrunners
DIB mandates banks for additional Tier 1 Sukuk issuance Sukuk and Islamic Finance
The law will allow the country to enter the Islamic finance sector
Egypt’s cabinet approves draft law on sovereign Sukuk Sukuk and Islamic Finance
Photo Archive
Banque Saudi Fransi completes SAR 5bn Additional Tier 1 Sukuk issue Banking and Finance
The company has repurchased $221m of the Sukuk
Dana Gas fully redeems $309m outstanding Sukuk Sukuk and Islamic Finance
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Arab Markets
Photo Archive
Abo Moati extends SAR 40m loan deal with NCB Companies Investments
The signed deals will mature on 31 March 2022.
EIC, Bawan units pen SAR 166m deals with SEC Companies Investments
The credit facility is part of the partnership between the bank and AFD
National Bank of Egypt, AFD sign EUR 100m credit facility agreement Macroeconomics
A total of 487.460 million shares were traded via 502,971 deals at SAR 13 billion.
TASI ends Thursday with marginal gains for fifth day Trading Activities
A total of 50% of the award value will be pumped into the UAE’s economy
ADNOC awards $519m contract to explore new hydrocarbon resources Companies Investments
KSA's trade exchange hit SAR 835.02 billion in the January-September period in 2020.
KSA's trade surplus totals SAR 118.2bn in 9M Macroeconomics
The benchmark index of the DFM went up by 0.28%
UAE stock markets close Thursday on varied note Trading Activities
Part of the signing ceremony.
CSE signs first framework agreement for gov’t bodies Macroeconomics
Photo Archive
Egypt aims to provide 80% of commercial register services digitally next year Macroeconomics
The number of subscribers in these governorates reached around 4 million
Egypt invests EGP 105m to develop power grids in 5 governorates Macroeconomics
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International Markets
Eurozone manufacturing sector sees strongest growth in over two years
Eurozone inflation turns negative for first time in four years
Global markets may return to fundamentals in 2020 –Emirates NBD
BOE maintains rates at 0.75%, drops limited and gradual tightening
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