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Markets
Markets
Bourouge raises $2bn in Abu Dhabi IPO
IPO set to be ADX's biggest
Kuwait
M&As very active in Kuwait… “KIPCO” plans a move
The company, on Thursday, is looking into merging with "Al-Qurain"
Markets
Global Financial Markets in Brief week May 23
Oil prices hit a two-month high
Markets
Abu Dhabi’s first SPAC lists after raising $100 million
ADC aims to acquire businesses in the UAE or broader MENA region
Markets
Qatar Airways IPO not before 2030 – CEO
He gave no further details
Markets
Peninsula poised to drop London IPO plan in favor of UAE Listing
Emirates NBD, FAB, and Morgan Stanley to manage the listing
Egypt
Egypt will soon launch the sale of state-owned companies
A draft "state financial policy document" is submitted to the Cabinet
Markets
Ukraine conflict supports gold prices despite rising bond yields
This contrasts with the strong relationship between gold, real yields
Markets
Global Financial Markets in Brief Week 2 May
US stocks suffer the longest series of losses since the Great depression
Markets
The IPO of “Borouge Abu Dhabi” begins and “Multiply Group” as a major investor
“Borouge” stock price set at 2.45 dirhams
Markets
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%
Markets
ADX, BHB to support further growth of regional economy
The two stock exchanges aim to enhance market liquidity
Markets
ADNOC and Borealis offer 10% of Borouge’s shares for Abu Dhabi IPO
Subscriptions start May 23 to May 28 for individuals
Markets
Turkish lira hits new historical lows
This comes as banks cut down dollar sales to prop up currency
Bahrain
CBB Government bond issue oversubscribed by 214%
BHB listed BD 150 million worth of government bonds
Markets
Global Financial Markets in Brief Week May 10
US dollar consolidated its gains near 20-year peak
Egypt
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
Markets
The dollar is at a 20-year peak
The CPI was 8.3% year on year in April
Markets
Subscription to ADC’s IPO begins May 12
It plans to raise 367 million dirhams
Markets
ADX Secondary market encourages more listings by private businesses
FAM Holding to list its shares on the ADX's growth market
Markets
Global Financial Markets in Brief- Week 1 May
10-year US Treasury yields exceed 3.1% for first time since 2018
Markets
Fed’s rate increase has thrown the crypto market into turmoil
And things don’t look too bright for the coming week, either.
Markets
What if India decides to restrict wheat shipments?
A heat wave threatens the production and exports of Indian wheat
Markets
Alibaba stock tumbles, then rebounds, on ‘Ma’ confusion
The mistake resulted in a $26 billion drop in market value
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