Markets

ADX posts 16.9% gains on FADX 15

Driven by new listings, increased investors, and trading uptick

Saudi raises $5 bn in first bond sales in nearly a year

Price guidance set at 105 basis points over Treasuries for the Sukuk

Egypt’s pound expected to fall 14% following IMF agreement

"The pace of the Egyptian pound's decline has already begun"

Bank earnings revive Wall Street and watchful eyes on tech companies’ results

Will Netflix's results today rescue tech stocks from a recession?

UAE supermarket chain Lulu hires Moelis for IPO

Supermarket chain plans to list next year

Global Financial Markets in Brief Week October 4

Fed expects to raise interest rates by another 125 basis points this year

Shares of UAE’s Burjeel Holdings surge by 20% on ADX debut

Giving it a market value of more than AED 12.44 bn

Empower set to launch a $700 mn Dubai IPO in November

Firm held initial meetings with investors to raise interest

Kuwait Finance House lists shares on Bahrain Bourse, begins trading tomorrow

Bank lately acquired 97% of Bahrain's Ahli United Bank shares

UAE’s Burjeel raises AED 1.1 mn from IPO

Oversubscribed offering totaled $8.7 bn

Global Financial Markets in Brief September 28

US dollar achieved its best weekly and monthly performance since April

PIF-owned SEIC acquires 34% stake in Egypt’s B.TECH for $150 mn

B.TECH expects to increase its sales to EGP15 bn in 2023

Saudi’s Marafiq gears up for $1.2 bn IPO

Offering will correspond to a 29.24% of the company's shares on Tadawul

Gulf Investment House makes market debut on ADX   

has a market capitalization of AED 1.96 billion

Egypt’s pound plummets to record low against dollar

CBE decided lately to keep key interest rates unchanged

Bitcoin surpasses $20K for the first time in a week

Ether rose 4 percent to a one-week high of $1,389

Egypt seeks $6 bn from sale of state firms by June 2023

First tranche of the offerings to be announced within four weeks

Global Financial Markets in Brief Week September 19

Investors worried about interest and inflation are affected by growing fears of a recession

Burjeel decides to offer 11% of its shares in Abu Dhabi market

The first privately owned company to go public in the UAE