Markets

Egypt resumes IPO market with stakes in 4 state companies
Egypt

Egypt resumes IPO market with stakes in 4 state companies

EGX targets 23 government entities

Crude oil climbs amid improving demand outlook in China
Markets

Crude oil climbs amid improving demand outlook in China

Also buoyed by US seeking to replenish strategic petroleum reserve

UAE gold reserves reach AED 12.7 bn by end of September
Markets

UAE gold reserves reach AED 12.7 bn by end of September

A growth of 13% compared to 2021

Fed raises interest rates half a point, a 15-year high
Markets

Fed raises interest rates half a point, a 15-year high

Powell: It's important to continue the fight against inflation

Saudi to continue to experience IPO boom next year
Markets

Saudi to continue to experience IPO boom next year

Dubai and Abu Dhabi have also seen an IPO boom

Saudi Aramco’s refining unit to raise $1.32 bn via IPO
Markets

Saudi Aramco’s refining unit to raise $1.32 bn via IPO

The IPO on Saudi bourse Tadawul will be 50.045 mn shares

Why are gold prices soaring in Egypt?
Egypt

Why are gold prices soaring in Egypt?

Speculation is very high

Central Banks’ week: Has an easing policy begun?
Markets

Central Banks’ week: Has an easing policy begun?

Headline inflation report ahead of Fed meeting

Empower’s logo debuts on NASDAQ screens at New York’s Times Square
Markets

Empower’s logo debuts on NASDAQ screens at New York’s Times Square

The listing of Empower is the fourth IPO on DFM since the beginning of this year

ADX wins two World Business Outlook awards
Markets

ADX wins two World Business Outlook awards

For outstanding performance

Bin Touq: UAE co-op listings will create an innovative economic model
Markets

Bin Touq: UAE co-op listings will create an innovative economic model

Based on flexibility and sustainability

Powell: Fed preparing to slow pace of interest rate hike in December
Markets

Powell: Fed preparing to slow pace of interest rate hike in December

Markets welcome move

EFG Hermes advises on the $204 mn IPO of Dubai’s Taaleem
Egypt

EFG Hermes advises on the $204 mn IPO of Dubai’s Taaleem

The first private sector IPO on the DFM since 2014

Americana draws orders worth $105 bn for its IPO
Markets

Americana draws orders worth $105 bn for its IPO

Exceeding target by 58 times

Abu Dhabi’s ADX launches rebranded ETF platform
Markets

Abu Dhabi’s ADX launches rebranded ETF platform

Amid the listing of its eighth ETF

Federal minutes: A vast majority agrees to slow interest rate hikes “soon”
Markets

Federal minutes: A vast majority agrees to slow interest rate hikes “soon”

Wall Street is closing higher. The dollar continues to decline

ADX ETF market surpasses 1.4 billion in traded value
Markets

ADX ETF market surpasses 1.4 billion in traded value

The ETF market was supported by 11,400 trades

UAE’s Empower shares rise 9% in trading debut
Markets

UAE’s Empower shares rise 9% in trading debut

The company's market value will reach AED 13.3 bn

Americana’s retail offering doubled due to strong demand
Markets

Americana’s retail offering doubled due to strong demand

The offering is set to raise as much as $1.8 bn 

Global Financial Markets in Brief Week November 7
Markets

Global Financial Markets in Brief Week November 7

US inflation report dominates the markets, instills hope

Saudi PIF plans to sell 10% of its stake in Tadawul
Markets

Saudi PIF plans to sell 10% of its stake in Tadawul

Or 12 million shares

Listing fees reduce Salik’s profits by 27%
Markets

Listing fees reduce Salik’s profits by 27%

Company's Q3 revenue surged by 9% to AED 445 mn

UAE’s Taaleem IPO begins subscription at AED 2.95-3 per share
Markets

UAE’s Taaleem IPO begins subscription at AED 2.95-3 per share

IPO proceeds will be used to fund the development of 4 new premium schools

ADX derivatives market celebrates 1 billion dirhams in trades
Markets

ADX derivatives market celebrates 1 billion dirhams in trades

ADX’s derivatives market is region’s most liquid