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02 July 02:20 PM

Asia's economy likely to contract 1.6% in 2020

The IMF expected that Asia's economy will retreat by 1.6% for the first time in history during 2020.
EasyJet to slash jobs in Berlin, cancel German domestic flights
UK's economy slides to 40-year low in Q1-20
UK aims to sell GBP 275bn of debt in 5M
BP to sell petrochem business to INEOS for $5bn
COVID-19 drug remdesivir priced at $2,340 per patient in US
Oman Arab Global Commodities
MSM30
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Volume 8,378,617 Turnover 962,895 No. of Trades: 408
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No. of Traded Stocks : 36
Last Update: 02:00 PM
Latest News
Asia's economy likely to contract 1.6% in 2020 Global Reports
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EasyJet to slash jobs in Berlin, cancel German domestic flights Global Reports
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Brent crude futures declined 56 cents
Kuwaiti crude oil increases $1.2 pb on Tuesday Macroeconomics
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The price for Octane 91 has been set at SAR 0.98 per litre
Saudi Aramco adjusts fuel prices after latest VAT hike Macroeconomics
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UK's economy slides to 40-year low in Q1-20 Global Economy
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The greenback slid to EGP 16.08 for buying at ALEXBANK and Suez Canal Bank
USD falls against EGP at local banks on Tuesday Macroeconomics
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UK aims to sell GBP 275bn of debt in 5M Global Economy
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BP to sell petrochem business to INEOS for $5bn Global Reports
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COVID-19 drug remdesivir priced at $2,340 per patient in US Global Reports
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Mansour Group, from Egypt, came in first place
Top 100 Arab family businesses include 36 Saudi firms - Forbes Global Economy
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Mubasher Exclusive
IEA sets $3trn green economic recovery plan Global Reports
The UAE accounted for 26.6% of the fund’s investments by the end of 2019
Norway’s sovereign fund raises investments in GCC markets Macroeconomics
Photo Archive
Saudi oil exports down 10.75% in 2019 Macroeconomics
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 Event
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 Event
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Islamic Finance
The Sukuk programme is valued at a maximum KWD 2 billion
KIB obtains central bank’s initial approval for Sukuk issuance Banking and Finance
Indonesia is the largest Sukuk issuer on Nasdaq Dubai
Indonesia lists $2.5bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
The issuance was a tap on a $1 billion Sukuk
DIB lists $300m Sukuk on Nasdaq Dubai Banking and Finance
The Sukuk is the first ever AAA-rated sustainability Sukuk
IsDB lists $1.5bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
DP World is expected to sell perpetual Sukuk at 6.125%
DP World forecast to sell $1.5bn perpetual Sukuk Sukuk and Islamic Finance
The five-year Sukuk has attracted 150 investors
Sharjah Islamic Banks lists $500m Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
The bank has set a margin of return at 240 bps
DIB sells $300m in 2026 Sukuk tap Sukuk and Islamic Finance
The bank has tightened the price guidance for the notes
DIB likely to sell $200m worth of its Sukuk Sukuk and Islamic Finance
A sum of SAR 138.7 million was distributed
Arabian Aramco Total Services partially redeems sukuk Banking and Finance
Emirates NBD's investment banking arm was the joint lead manager
IsDB issues first sustainability $1.5b Sukuk - Emirates NBD Capital Sukuk and Islamic Finance
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Arab Markets
The Sukuk programme is valued at a maximum KWD 2 billion
KIB obtains central bank’s initial approval for Sukuk issuance Banking and Finance
The initiative involves postponing and reducing rent fees
Al Mazaya subsidiaries offer rent incentives against COVID-19 Companies Investments
The dividend amount represents 1.525% of the unit’s initial price
SEDCO Capital to pay SAR 9m REIT dividends for Q2 Cash Dividends
The dividends will be distributed at SAR 0.35 per unit
Musharaka REIT to distribute SAR 31m dividends for H1 Cash Dividends
First Abu Dhabi Bank (FAB) was ranked second
Six UAE banks among Middle East's top 25 list for 2020 Sector Reports
The MoC signing ceremony
Saudi health insurance council promotes fair competition practices Macroeconomics
TAQA completed a merger deal with ADPower
Moody's upgrades TAQA's ratings to Aa3, P-1, outlook stable Mergers and Acquisitions
Individual investors can subscribe to a maximum of one million shares
Amlak International’s IPO retail subscription begins today Real estate
Eni holds 37.5% of working interest in the North El Hammad concession
Eni makes new gas discovery offshore Egypt Macroeconomics
Asia's economy likely to contract 1.6% in 2020 Global Reports
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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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