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11 August 01:22 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
Qatar Arab Global Commodities
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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 Derivatives
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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 Sector Reports
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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
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Iron prices have dropped by EGP 300 per tonne since the beginning of the week
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Bahrain launched Cloud First Policy in 2017
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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
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The transaction will significantly strengthen the lender’s financial position
Khaleeji Commercial Bank issues $159m Sukuk Sukuk and Islamic Finance
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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 Banking and Finance
Sarwa Capital achieved net profits of EGP 93.78 million in Q1-20
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Amer Group achieved net profits of EGP 10.65 million in Q1-20
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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 Sukuk and Islamic Finance
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Arab Markets
The company's revenues fell to EGP 1.43 billion
Egypt Gas moves to losses in H1-20 Financial Results
The company will purchase the shares of those who object to the voluntary delisting
Americana Egypt’s board approves voluntary delisting Corporate Actions
The centre will focus on researches on communicable diseases
Dubai launches AED 300m medical centre Sector Reports
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 Companies Investments
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
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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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