Economy Middle East

Markets

The FED raises interest rates by 75 basis points
Markets

The FED raises interest rates by 75 basis points

Gulf central banks follow

Tech earnings week: Numbers miss investors’ expectations
Markets

Tech earnings week: Numbers miss investors’ expectations

Microsoft, Alphabet yesterday... meta today, Apple, Amazon tomorrow

Global Financial Markets in Brief week July 18
Markets

Global Financial Markets in Brief week July 18

The best week for stock markets, supported by a recovery in technology shares

Egypt to list more state companies on stock exchange
Egypt

Egypt to list more state companies on stock exchange

The Egyptian army controls a large portion of the economy

UAE to introduce new gold import rules starting January
Markets

UAE to introduce new gold import rules starting January

With up to $1.36m in fines for businesses in breach

UAE first in region in M&As in H1
Markets

UAE first in region in M&As in H1

$43.7 billion in total M&A values in the MENA

Worry about the mountain of debt too, not just inflation
Markets

Worry about the mountain of debt too, not just inflation

Many countries at risk of declaring default on their debts

Strong dollar weighing down on indebted Türkiye
Markets

Strong dollar weighing down on indebted Türkiye

Turkish economy had long benefited from a stronger euro than the dollar

Egypt’s pound falls to lowest level in 5 years
Egypt

Egypt’s pound falls to lowest level in 5 years

Pound reached a low of 18.91 pounds against the dollar

UAE’s Etihad Mall lists shares on Dubai Financial Market
Markets

UAE’s Etihad Mall lists shares on Dubai Financial Market

Company's shares trading at $1.03 shortly after market opens

Global Financial Markets in Brief Week July 11
Markets

Global Financial Markets in Brief Week July 11

Yield curve inversion gap biggest since 2000 pointing at recession

Euro falls below dollar parity
Markets

Euro falls below dollar parity

For first time since 2002

1 euro = 1 dollar
Markets

1 euro = 1 dollar

Historic decline for the first time in 20 years

UAE lists $3 bn Treasury bonds on Nasdaq Dubai
Markets

UAE lists $3 bn Treasury bonds on Nasdaq Dubai

Nasdaq welcomed listing carbon-neutrality-themed bonds valued at $2.68 bn

$4 billion exited emerging markets in 1 month
Markets

$4 billion exited emerging markets in 1 month

IIF: Continued volatility in stock markets hurt expectations

Euro tumbles to its lowest level vs the US dollar since 2002
Markets

Euro tumbles to its lowest level vs the US dollar since 2002

Several factors led to this decline

TECOM listing adds billions to Dubai Market capitalization
Markets

TECOM listing adds billions to Dubai Market capitalization

Shares were active during the first minutes of trading

Aramco, stc lead Tadawul’s single-stock futures trading
Markets

Aramco, stc lead Tadawul’s single-stock futures trading

Single-stock futures will allow for more efficient portfolio risk management

Global financial markets in brief July 28
Markets

Global financial markets in brief July 28

Bitcoin registers largest quarterly loss in over a decade

Sukuk issuances fell to $74.5 bn in H1
Markets

Sukuk issuances fell to $74.5 bn in H1

S&P lowered its forecast for 2022 sukuk issuance to about $130 billion

Saudi’s Alamar sets final IPO price range at SAR 115 per share
Markets

Saudi’s Alamar sets final IPO price range at SAR 115 per share

The IPO order book was 47.5 times oversubscribed

First UAE’s Co-op to list its shares in Dubai Financial Market
Markets

First UAE’s Co-op to list its shares in Dubai Financial Market

Listing is scheduled for the 18th of this month

Global financial markets in brief Week June 20
Markets

Global financial markets in brief Week June 20

Stock markets gain for first time in a month, oil prices fall below $110

UAE’s TECOM raises over $463 mn for its IPO
Markets

UAE’s TECOM raises over $463 mn for its IPO

Offer marks highest oversubscription multiple for listings on the DFM