Markets

GCC markets closed mixed
Markets

GCC markets closed mixed

Saudi advanced the most supported by strong economic data

Presight AI seeks $495 million from IPO
Markets

Presight AI seeks $495 million from IPO

The company announces start of subscription period

Hillary Clinton remarks on Abu Dhabi’s growing ‘Falcon Economy’
Markets

Hillary Clinton remarks on Abu Dhabi’s growing ‘Falcon Economy’

Touching on UAE’s immense overall economic progress and achievements

Almost all GCC markets returned to positive performance
Markets

Almost all GCC markets returned to positive performance

Potetnial Chinese economic recovery could continue to buoy regional markets

Presight AI plans listing on ADX via IPO
Markets

Presight AI plans listing on ADX via IPO

The offer period is scheduled to commence on 13 March 2023

Dollar continues to drive the Lebanese pound to the ground
Markets

Dollar continues to drive the Lebanese pound to the ground

Lebanon’s financial system is over, Lebanese Minister says

Overall GCC markets ended the week lower: Report
Markets

Overall GCC markets ended the week lower: Report

Except for Bahrain

GCC stock markets closed mixed Sunday
Markets

GCC stock markets closed mixed Sunday

But a 10% surge in Qatar Insurance lifted the Qatari index

GCC earnings calls show signs of continued sentiment decline
Markets

GCC earnings calls show signs of continued sentiment decline

Insights into GCC Sentiment Trends during 4Q2 2022 Earnings Cycle

Sharjah to raise $1 billion in green sovereign bond
Markets

Sharjah to raise $1 billion in green sovereign bond

Amid high demand on ESG financing

GCC markets mostly positive, ahead of earnings report
Markets

GCC markets mostly positive, ahead of earnings report

Dubai (+2.1%) stood as the top gainer

Saudi’s PIF receives over USD12 bn in green bond orders
Markets

Saudi’s PIF receives over USD12 bn in green bond orders

Bonds comprise 3 tranches with tenors of 7, 12, and 30 years

Stock market meltdown wipes USD100 bn off India’s Adani value
Markets

Stock market meltdown wipes USD100 bn off India’s Adani value

Despite reassurances to panicking investors

MSX listed securities now available for digital trading
Markets

MSX listed securities now available for digital trading

Following the bourse's joining to the Tabadul platform

UAE’s first 2023 T-bonds auction sees issuance of AED1.1 worth
Markets

UAE’s first 2023 T-bonds auction sees issuance of AED1.1 worth

Bids worth AED 6.85 billion were received

GCC markets end week with mixed results on earnings
Markets

GCC markets end week with mixed results on earnings

Fed meeting outcomes will play an important part in guiding markets

Central Banks’ week
Markets

Central Banks’ week

Fed expected to raise interest rates by 25 basis points

Listing of 11 UAE firms expected to raise USD2.18 bn in 2023
Markets

Listing of 11 UAE firms expected to raise USD2.18 bn in 2023

Including 4 free-zone entities, two special-purpose acquisition firms

US tech stocks most traded in UAE
Markets

US tech stocks most traded in UAE

With Meta leading the pack in GCC

MENA IPO Summit kicked off today in Dubai
Markets

MENA IPO Summit kicked off today in Dubai

As listings pick up pace in UAE

Powell: Federal reserve may have to make unpopular decisions
Markets

Powell: Federal reserve may have to make unpopular decisions

He stressed the need for the Central Bank to be free from political influence

Olam seeks IPO listing in Singapore, Saudi
Markets

Olam seeks IPO listing in Singapore, Saudi

First non-GCC-incorporated business to list in Kingdom

Gulf exchanges announce unified ESG metrics for GCC-listed firms
Markets

Gulf exchanges announce unified ESG metrics for GCC-listed firms

The unified metrics will be referred to as the GCC ESG Disclosure Metrics

Federal Reserve: Interest rate hikes for some time in the future
Markets

Federal Reserve: Interest rate hikes for some time in the future

FOMC meets on 31 January