Markets

M&As very active in Kuwait… “KIPCO” plans a move

The company, on Thursday, is looking into merging with "Al-Qurain"

Abu Dhabi’s first SPAC lists after raising $100 million

ADC aims to acquire businesses in the UAE or broader MENA region

Peninsula poised to drop London IPO plan in favor of UAE Listing

Emirates NBD, FAB, and Morgan Stanley to manage the listing

Egypt will soon launch the sale of state-owned companies

A draft "state financial policy document" is submitted to the Cabinet 

Ukraine conflict supports gold prices despite rising bond yields

This contrasts with the strong relationship between gold, real yields

Global Financial Markets in Brief Week 2 May

US stocks suffer the longest series of losses since the Great depression

Al-Waleed bin Talal sells 17% of “Kingdom Holding” to the PIF

Bin Talal's share in the company's capital declines to 78.13%

ADX, BHB to support further growth of regional economy

The two stock exchanges aim to enhance market liquidity

ADNOC and Borealis offer 10% of Borouge’s shares for Abu Dhabi IPO

Subscriptions start May 23 to May 28 for individuals

Turkish lira hits new historical lows

This comes as banks cut down dollar sales to prop up currency

CBB Government bond issue oversubscribed by 214%

BHB listed BD 150 million worth of government bonds

Global Financial Markets in Brief Week May 10

US dollar consolidated its gains near 20-year peak

Egypt will sell state-owned assets as it seeks investments worth $40 billion

The government has identified $9 billion in assets to offer this year

The dollar is at a 20-year peak

The CPI was 8.3% year on year in April

Subscription to ADC’s IPO begins May 12

It plans to raise 367 million dirhams

ADX Secondary market encourages more listings by private businesses

FAM Holding to list its shares on the ADX's growth market

Global Financial Markets in Brief- Week 1 May

10-year US Treasury yields exceed 3.1% for first time since 2018

Fed’s rate increase has thrown the crypto market into turmoil

And things don’t look too bright for the coming week, either.

What if India decides to restrict wheat shipments?

A heat wave threatens the production and exports of Indian wheat

Alibaba stock tumbles, then rebounds, on ‘Ma’ confusion

The mistake resulted in a $26 billion drop in market value