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Markets
Dow Jones (+0.4%), S&P 500 (+1.6%), swung back to gains
Company achieved steady sales growth in 2021 and 2022
Offering expected to be the world's largest in recent years
Cornerstone investors agreed to subscribe
GCC region sees net inflows of $507.9 mn
In collaboration with J.P. Morgan
Gulf Central Banks mirror Fed with interest rate increases
Analysts remain optimistic despite downturn
Growing expectations of a US and EU recession this year
Abu Dhabi and Dubai experience modest gains amid recovering oil prices
Beirut Stock Exchange lead Arab Stock Exchanges Despite Lebanon's ailments
Company appointed BHM Capital Financial Services as liquidity provider
GCC countries also placed high in the emerging markets globally
Investment activity on ADX from Hong Kong, Tokyo increased significantly in 2022
Authority implemented automated system to report electronic trading accounts
The meeting comes on the heels of inflation reaching historic levels
