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12 August 03:07 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
Kuwait Arab Global Commodities
BKP
5,682.77 1.33% 74.77
Volume 206,201,991 Turnover 44,185,699 No. of Trades: 8,084
45 Down 16 Flat 57 Up
No. of Traded Stocks : 118
Last Update: 12:30 PM
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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The profits plunged by 96.1% annually in Q2
CBK’s profits shrink 88% in H1-20 Financial Results
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Egypt's Minister of International Cooperation, Rania El-Mashat
Egypt launches first platform for closing the gender gap accelerator International Agreements
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The joined members can now provide brokerage services for derivatives trading
Tadawul welcomes five members to derivatives market Derivatives
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Traded volumes registered 196.43 million shares
Boursa Kuwait ends Sunday in gains Trading Activities
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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 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
Trading volumes reached its highest level since 19 March
Boursa Kuwait indices attain gains Tuesday Trading Activities
Traded volumes increased by 60.3% to 198.45 million shares
Boursa Kuwait up for third day in row Trading Activities
Kuwaiti Banking Association decided not to distribute dividends in 2020
Boursa Kuwait falls at Wednesday’s close Trading Activities
Traded volume dropped to 242.21 million shares on Tuesday
Boursa Kuwait closes Tuesday higher for fourth session in row Trading Activities
Traded volumes reached 151.69 million shares on Tuesday
Boursa Kuwait maintains upward trend on Tuesday Trading Activities
The trading volume totalled 177.19 million shares on Tuesday
Boursa Kuwait posts third rise in week on Tuesday Trading Activities
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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 Banking and 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 Banking and Finance
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 Sukuk and Islamic 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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