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02 July 02:36 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
Palestine Arab Global Commodities
AL-QUDS
469.86 0.06% 0.27
Volume 25,421 Turnover 39,960 No. of Trades: 51
3 Down 8 Flat 3 Up
No. of Traded Stocks : 14
Last Update: 12:56 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 Economy
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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 Banking and Finance
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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
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 Companies Investments
Iron prices have dropped by EGP 300 per tonne since the beginning of the week
Iron prices to further decline as EGP levels up Commodities
Bahrain launched Cloud First Policy in 2017
Pakiza Abdulrahman: Gov’t leads cloud adoption in Bahrain; private sector is following – Interview Sector Reports
Pakiza Abdulrahman, Manager of Business Development for Startups at EDB
Pakiza Abdulrahman: We encourage Egyptian startups to set up in Bahrain – Interview Event
Vera Futorjanski during a panel at RiseUp Summit 2019
Vera Futorjanski: Startups must focus on solving local challenges – Interview Sector Reports
Credit Agricole is still developing SMEs portfolio and getting some resources
Antoine Paliard talks fintech innovation, startup contests – Interview Banking and Finance
Mohamed Okasha, Managing Director of Fawry
Interview: Fawry will use blockchain technology – Mohamed Okasha Global Economy
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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 Banking and 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
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
Traded volumes amounted to 83.84 million shares
Boursa Kuwait closes Thursday on mixed note Trading Activities
Turnover amounted to AED 145.90 million
ADX up on Thursday; market cap gains AED 3.2bn Trading Activities
The market cap value declined by AED 150m
DFM closes Thursday on marginal losses Trading Activities
The last components was assembled this week
DP World to test world's first HBS container Companies Investments
King Salman of Saudi Arabia
Saudi Arabia extends COVID-19 relief initiatives Macroeconomics
The Sukuk programme is valued at a maximum KWD 2 billion
KIB obtains central bank’s initial approval for Sukuk issuance Sukuk and Islamic Finance
Terminus will provide the world expo with over 150 robots
Expo 2020 names China's Terminus as official robotics partner Companies Investments
The initiative is carried out via direct and indirect loans
ADF adds new products to SAR 2bn import funding initiative Macroeconomics
The airline has agreed to around 650,000 refund requests
Emirates refunds AED 1.9bn worth of tickets Management Decisions
The initiative involves postponing and reducing rent fees
Al Mazaya subsidiaries offer rent incentives against COVID-19 Management Decisions
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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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