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Markets
Markets
PSX rises nearly 400 pts on expected UAE investment, IMF support
Pakistan moving closer to the resumption of the IMF program
Markets
Nasdaq ends worst bear market in 14 years
the dollar index fell 1.025 percent
Markets
Dubai’s Salik to seek $1 bn in IPO
Salik is still planning to list its shares on Dubai Stock Exchange in September
Markets
Gold is waiting for a weak dollar to restore its luster
Gold exchange-traded funds lost $4.5 billion in July
Markets
24 MENA IPOs raise $13.5 bn in H1
9 IPOs raised $9 bn in Q2 2022
Markets
Pressured US tech stocks still favored by GCC clients: Saxo Bank
Apple leads the list as tech giants draw focus
Markets
Global bond issuance set to contract 16% in 2022, S&P says
Total issuances in H1 stood at $4.2 tn, down 11%
Markets
Could investing in tech stocks be best bet?
Tech select sector increased by 12% last month alone
Bahrain
Bahrain to launch market for closed joint-stock companies
Market will be a unified, comprehensive platform for closed joint stock companies
Egypt
Egypt’s pound near lowest level against dollar since 2016
Central Bank offered purchase price of US dollar against EGP 19.01
Markets
UAE: Third auction of T-bonds sees bids worth AED 7.6 bn
Auction oversubscribed by 5.1x
Markets
Global Financial Markets in Brief Week 4 July
Markets focus on a possible slowdown in rate hikes rather than a recession
Markets
Local shares add AED 537 bn to market capital in 7 months
Driven by strong gains and new listings
Markets
Dubai Financial Market posts 63% growth in net profit of H1
International investors accounted for 72% of the new investors
Markets
Strong dollar, higher interest rates reduce gold global demand
Gold demand in the 3 months to end of June dropped to 948 tonnes
Markets
Bitcoin pumps to 23K as Fed hikes rates
On Wednesday, Bitcoin increased nearly 9% to $22,792.02
Markets
The FED raises interest rates by 75 basis points
Gulf central banks follow
Markets
Tech earnings week: Numbers miss investors’ expectations
Microsoft, Alphabet yesterday... meta today, Apple, Amazon tomorrow
Markets
Global Financial Markets in Brief week July 18
The best week for stock markets, supported by a recovery in technology shares
Egypt
Egypt to list more state companies on stock exchange
The Egyptian army controls a large portion of the economy
Markets
UAE to introduce new gold import rules starting January
With up to $1.36m in fines for businesses in breach
Markets
UAE first in region in M&As in H1
$43.7 billion in total M&A values in the MENA
Markets
Worry about the mountain of debt too, not just inflation
Many countries at risk of declaring default on their debts
Markets
Strong dollar weighing down on indebted Türkiye
Turkish economy had long benefited from a stronger euro than the dollar
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