Markets
US dollar achieved its best weekly and monthly performance since April
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US dollar achieved its best weekly and monthly performance since April
B.TECH expects to increase its sales to EGP15 bn in 2023
Process will take between one and two years
Offering will correspond to a 29.24% of the company's shares on Tadawul
CBE decided lately to keep key interest rates unchanged
By mid 2024
Ether rose 4 percent to a one-week high of $1,389
First tranche of the offerings to be announced within four weeks
Investors worried about interest and inflation are affected by growing fears of a recession
The first privately owned company to go public in the UAE
The qualified investor subscription period will expire tomorrow
Short-term bond yields continue to rise with anticipation of the Fed's decision
By ringing Nasdaq Dubai's bell
Company amended Articles of Association to remove ownership cap
After the offering, Dubai government will retain 80% of the company
Gains were notable in the realty, banking, and telecom sectors
The Qatar Central Bank was the largest buyer
Labor market data indicators raised expectations with a hardline FED approach
Value of Arab stock exchanges rise to $4.49 tln
Basic materials sector recorded highest growth rate in total profits
Goldman Sachs expects 75 basis points rise in interest rates
DDE has traded 90 billion carats of polished diamonds since 2012
Taaleem picked EFG-Hermes, Emirates NBD Bank to lead IPO
In just 8 minutes, Powell caused a market downturn that wiped out about $78 billion
18% increase in share of Emirati female investors among Saxo Bank clients
“We will use our tools aggressively to attack inflation”
There is an increased risk that the world economy will slow down
A volatile week on Wall Street with widespread drop in stocks at week’s end
Fears that the global economic slowdown will curb energy demand
Its market value reached about $2.8 trillion in 2021
$11 billion inflows into US stocks
Pakistan moving closer to the resumption of the IMF program
Salik is still planning to list its shares on Dubai Stock Exchange in September
Gold exchange-traded funds lost $4.5 billion in July
Apple leads the list as tech giants draw focus
Total issuances in H1 stood at $4.2 tn, down 11%
Tech select sector increased by 12% last month alone
Market will be a unified, comprehensive platform for closed joint stock companies
Central Bank offered purchase price of US dollar against EGP 19.01
Markets focus on a possible slowdown in rate hikes rather than a recession
Driven by strong gains and new listings
International investors accounted for 72% of the new investors
Gold demand in the 3 months to end of June dropped to 948 tonnes
On Wednesday, Bitcoin increased nearly 9% to $22,792.02
Microsoft, Alphabet yesterday... meta today, Apple, Amazon tomorrow
The best week for stock markets, supported by a recovery in technology shares
The Egyptian army controls a large portion of the economy
With up to $1.36m in fines for businesses in breach
Many countries at risk of declaring default on their debts
Turkish economy had long benefited from a stronger euro than the dollar
Pound reached a low of 18.91 pounds against the dollar
Company's shares trading at $1.03 shortly after market opens
Yield curve inversion gap biggest since 2000 pointing at recession
Nasdaq welcomed listing carbon-neutrality-themed bonds valued at $2.68 bn
IIF: Continued volatility in stock markets hurt expectations
Several factors led to this decline
Shares were active during the first minutes of trading
Single-stock futures will allow for more efficient portfolio risk management
S&P lowered its forecast for 2022 sukuk issuance to about $130 billion
The IPO order book was 47.5 times oversubscribed
Listing is scheduled for the 18th of this month
Stock markets gain for first time in a month, oil prices fall below $110
Offer marks highest oversubscription multiple for listings on the DFM
Investment Authority exits from 30 companies to secure $6.5 bn
Mumtalakat has $18 billion in assets under management
It seeks to open new markets and support 10 thousand companies
Al Ahli lodged a complaint with the Capital Market Authority
The worst week for global stocks since the markets collapsed with the outbreak of Corona in March 2020
Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul
Eligibility includes any natural or legal person, whether a UAE citizen or not
As per the law, Dubai’s government owns all of the company's shares
Subscription for 625 million shares began today on DFM
Saudi made a smaller increase after slight inflation slowdown
It’s in response to high inflation, volatile financial markets
US inflation figures fluctuate market expectations... and cryptocurrencies crashing
Joining marks major recognition of Borouge
Blame the release of the recent US inflation report
This is part of DFM’s strategy to diversify investment opportunities
Barclays is talking about 75 basis points
The 28th meeting held in Abu Dhabi
Listing may take place as early as September
Shares are expected to start trading on July 5
Banks are charged a negative 0.5% fee on their central bank deposits
The amount of gold in the Egypt's Central Bank increased by 54%
New listing increases the value of Sukuk listed by Indonesia to $22bn
The first Gulf family car company to be publicly traded
15 months ago, DEXs first eclipsed CEXs in on-chain transaction volumes
US Treasury yields at their highest level in 2 weeks following jobs’ data
ADX and 9 listed companies to meet with major investment institutions
The inclusion comes into effect on Monday 20 June 2022
IPOs fetched $11.4 billion in the first 5 months of 2022
DFM international roadshow to attract more investments
The company, on Thursday, is looking into merging with "Al-Qurain"
ADC aims to acquire businesses in the UAE or broader MENA region
Emirates NBD, FAB, and Morgan Stanley to manage the listing
A draft "state financial policy document" is submitted to the Cabinet
This contrasts with the strong relationship between gold, real yields
US stocks suffer the longest series of losses since the Great depression
“Borouge” stock price set at 2.45 dirhams
Bin Talal's share in the company's capital declines to 78.13%
The two stock exchanges aim to enhance market liquidity
Subscriptions start May 23 to May 28 for individuals
This comes as banks cut down dollar sales to prop up currency
BHB listed BD 150 million worth of government bonds
The government has identified $9 billion in assets to offer this year
FAM Holding to list its shares on the ADX's growth market
10-year US Treasury yields exceed 3.1% for first time since 2018
And things don’t look too bright for the coming week, either.
A heat wave threatens the production and exports of Indian wheat
The mistake resulted in a $26 billion drop in market value
The introduction of road toll system (Salik) expected next
Investors are concerned about the possibility of US policy tightening
21 total listings in 2021, with volume offerings amounting to SAR31 billion
Investors consider Gulf markets attractive, shy away from European ones
Salik, TECOM, Empower IPOs part of Dubai's support for financial sector
The dollar reached its highest level in two years... and oil prices fell back to below $100
DEWA shares trading approached 410 million dirhams
Two or three government companies will be launched in the H2, 2022
An inversion of the yield curve points to potential recession the next two years
GCC Trading activity at its highest reaching $88.8 billion
The UAE is aiming to attract new forms of business
The S&P GCC equity market records largest gains since 2008
Middle East stocks will attract $82 billion in investments
A central role for PIF and an active year for UAE IPOs
The Fed approved its first interest rate increase in more than three years
A 6.5 percent share of the company is on offer
Gold retreated last Friday as a safe-haven appeal for the metal dimmed
Best monthly performance for Saudi Tadawul and ADX
Brent crude prices rose another 21% closing at their highest since 2013
Event to highlight the contributions of women and girls around the world
Net profit amounted to 587.7 million riyals ($156.64 million) at the end of 2021
The price of a barrel of Kuwaiti oil reached about $113
Saudi Crown Prince to Macron: Keen on balancing oil markets
Oil above $100, gold nears $2000, wheat at highest level in 13 years
The surge in prices was after Russia launched an attack on Ukraine
Integrated listing, trading, and joint central depository operations
Net foreign investment reached AED15 billion, the highest ever
Dozens of state entities to list shares, raise liquidity
Arab financial markets witnessing a period of robust performance
US bond yields exceed 2% and oil is at a 7-year high
Saudi "Tadawul" and Qatar Stock Exchange best performers
The Arab Federation of Capital Markets (AFCM) weekly report
Investors feel anxious over tighter monetary policies
Shell's stock price rose 0.7% after it announced an $8.5 billion share buyback
CMA approves listing of over 70M shares from several companies
Equity markets outlook bullish after spectacular 2021
UK market's fears subdued by 3-shot Omicron vaccine's success
Markets
US dollar achieved its best weekly and monthly performance since April