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11 August 12:02 PM

Marriott sees greater-than-expected quarterly loss

Marriott International reported on Monday a bigger-than-expected quarterly loss, as room bookings and global travel were hit hard by the coronavirus crisis.

Senators urge US Trade Representative to lift tariffs on EU goods
Unilever may cancel HQ unification plan over Dutch exit tax
Egypt's Minister of International Cooperation, Rania El-Mashat
Egypt launches first platform for closing the gender gap accelerator
The third stage will be conducted on 5,000 participants in the kingdom
Saudi Arabia starts phase three clinical trial of COVID-19 vaccine
Lufthansa plans for compulsory job cuts
Palestine Arab Global Commodities
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Last Update: 10:59 AM
Latest News
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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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 Markets Regulations
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The third stage will be conducted on 5,000 participants in the kingdom
Saudi Arabia starts phase three clinical trial of COVID-19 vaccine Global Economy
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Lufthansa plans for compulsory job cuts Global Reports
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The OSPs to Northwestern Europe declined by $2.5
Saudi Aramco sets crude selling prices for September Commodities
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Bank of England keeps interest rates unchanged, expects slower recovery Global Reports
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US, China to review trade deal mid-August Global Reports
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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 Commodities
The sensor could be used in NASA's next Venus rover
Egyptian engineer wins NASA design competition Event
The government pays farmers between EGP 670 and EGP 700 per ardeb
Egypt buys 3.5m tonnes of local wheat since mid-April Commodities
Photo Archive
Saudi oil exports down 10.75% in 2019 Commodities
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
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 Event
Pakiza Abdulrahman, Manager of Business Development for Startups at EDB
Pakiza Abdulrahman: We encourage Egyptian startups to set up in Bahrain – Interview Global Economy
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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 Sukuk and Islamic Finance
The Nile Delta Sukuk will mature on 31 October
Dana Gas appoints financial adviser for Nile Delta Sukuk Sukuk and Islamic Finance
The par value of each bond is SAR 1 million
SABB offers SAR 5bn local Sukuk Sukuk and Islamic 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 Banking and Finance
The offering aims to meet SABB’s financial and strategic needs
SABB sets up local Sukuk programme Sukuk and Islamic Finance
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Arab Markets
The company will purchase the shares of those who object to the voluntary delisting
Americana Egypt’s board approves voluntary delisting Corporate Actions
Domty’s sales increased to EGP 1.4 billion
Domty's profit inches down in H1-20 Financial Results
The country’s external debt is forecast to retreat to 21.8% of GDP in FY21/22
IMF sees Egypt's GDP growth at 6.5% in FY21/22 Banking and Finance
The company saw net losses of AED 11.6m in Q2-20
RAK Ceramics profits declines to AED 14m in H1-20 Financial Results
The deal will stimulate capital financing to small and medium-sized enterprises
SVC signs investment deal with technology investment fund Macroeconomics
The EPS settled at AED 0.0002 in H1-20
Amanat's net profits dip 98% in H1-20 Financial Results
The amendments will be effective as of Wednesday, 12 August.
EGX announces list of securities eligible for short selling Trading Activities
The country’s annual headline inflation rate rose by 0.2% in July
Egypt’s annual core inflation falls to 0.7% in July – CBE Banking and Finance
The insurer's gross written premium grew by 6.9%
Salama's net profits increase to AED 47m in H1-20 Financial Results
The profits came in at SAR 8.03 million in Q2-20
Arabian Shield sees 69% higher profits in Q2 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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