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07 July 05:12 PM

This is NEOM’s first partnership with leading renewable energy partners
NEOM, ACWA Power, Air Products ink $5bn agreement

Riyadh - Mubasher: Air Products has signed an agreement with ACWA Power, and NEOM for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, equally owned by the three partners, will be …
The airline aims to operate nearly 45% of its pre-COVID capacity by August
Etihad Airways to expand services to 58 cities worldwide
Big four auditors in UK to separate practices by mid-2024
Uber acquires on-demand food delivery app Postmates for $2.65bn
Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug
US initial jobless claims surge 1.427m
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Latest News
This is NEOM’s first partnership with leading renewable energy partners
NEOM, ACWA Power, Air Products ink $5bn agreement Global Economy
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The airline aims to operate nearly 45% of its pre-COVID capacity by August
Etihad Airways to expand services to 58 cities worldwide Sector Reports
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The offers will be received on Tuesday 12:00 pm
Egypt launches int’l wheat tender Macroeconomics
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Big four auditors in UK to separate practices by mid-2024 Global Reports
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The government pays farmers between EGP 670 and EGP 700 per ardeb
Egypt buys 3.5m tonnes of local wheat since mid-April Commodities
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Uber acquires on-demand food delivery app Postmates for $2.65bn Global Economy
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Fields in the zone could produce around 500,000 b/d
Saudi Arabia, Kuwait resume oil output from Al Wafra, Khafji Macroeconomics
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Aramco raised August prices to all markets
Saudi Aramco raises August oil prices Macroeconomics
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Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug Global Economy
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US initial jobless claims surge 1.427m Global Reports
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Mubasher Exclusive
The government pays farmers between EGP 670 and EGP 700 per ardeb
Egypt buys 3.5m tonnes of local wheat since mid-April Commodities
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
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 Event
Salma is the Arabic version of Google Home and Amazon Alexa
Story behind first Arabic voice assistant ‘Salma’ – Interview Event
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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 Sukuk and 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 Sukuk and Islamic 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 Banking and Finance
The bank has tightened the price guidance for the notes
DIB likely to sell $200m worth of its Sukuk Sukuk and Islamic Finance
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Arab Markets
Minister of Electricity Mohamed Shaker
Egypt's renewable energy to reach 6.6 GW by year-end Macroeconomics
The all-share index gained 0.15%
Boursa Kuwait up for third day in row Trading Activities
This is NEOM’s first partnership with leading renewable energy partners
NEOM, ACWA Power, Air Products ink $5bn agreement Global Economy
Minister of Planning and Economic Development Hala El-Saeed
Egypt eyes EGP 5.2bn tourism investments in FY20/21 Macroeconomics
First Abu Dhabi Bank (FAB) registered the highest turnover of AED 47.09 million
ADX ends Tuesday in green for 3rd session in row Trading Activities
The market cap value added AED 1.31 billion today
DFM extends gains at Tuesday’s close Trading Activities
Saudi gold output advanced by 5% YoY in 2019
Saudi gold production hits highest level in 2019 Macroeconomics
Kuwaiti crude price reached $44.05 per barrel
Kuwaiti oil price exceeds $44 pb Macroeconomics
Egypt secured a $2.7 billion loan from the IMF
Egypt’s net foreign reserves rise $2.2bn in June Central Banks
A total of 295 water projects have been established at a cost of EGP 38.5 billion
Egypt implements water, wastewater projects at EGP 58.5bn Macroeconomics
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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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