Tuesday 5 July 2022

GCC share markets down in June over global cues: Markaz

Kuwait’s All Share Index fell by 5.3% in the month of June as negativity in global markets caught up to the GCC region, said Kuwait Financial Centre (Markaz) in its recently released Monthly Market Review report for June. The risk off sentiment among investors due to global


Joyalukkas Exchange partners with Effiya for compliance

Joyalukkas Exchange a leading money exchange, has partnered with Effiya Technologies on AML/CFT (anti-money laundering/ counter-terrorist financing) compliance for greater efficiency and effectiveness in real-time screening transactions.    Effiya, an Artif


DMCC posts solid H1 growth, new firms up 19pc

DMCC, a flagship free zone and Dubai government's authority on commodities trade and enterprise, has reported its best ever performance in the first half, registering 1,469 new companies for the first six months of 2022, up 19% over last year.    In Jun


KFH–Bahrain, BIBF launch graduate trainee programme

Kuwait Finance House – Bahrain (KFH-Bahrain) has collaborated with the Bahrain Institute of Banking and Finance (BIBF) to launch ‘Waed’, a customised graduate trainee programme for Bahrainis to help develop their personal and technical competencies and enhance their employme


Leams to introduce robotics, IR4.0 course in UAE schools

UAE-based Leams Education said it has launched a game-changing initiative introducing coding and robotics in classroom and laboratories, to make the students future-ready and help them acquire skills needed to excel in the new era dominated by Industry 4.0.  


Kamco plays key role in Qurain Petrochemical's ATC acquisition deal

Kamco Invest, a regional non-banking financial powerhouse, acted as the Partial Purchase Offer Manager to Qurain Petrochemical Industries Company (QPIC) in purchasing a key stake in leading Kuwaiti group Advanced Technology Company (ATC).    A major distrib


Mashreq announces pricing of its debut $300m offering

Mashreqbank, one of the leading financial institutions in the UAE, today (July 2) announced the pricing of an aggregate principal amount of $300 million of its 8.5% Perpetual Non-callable 5-year Additional Tier 1 Notes. The offering is expected to close on July 7, subject to customary closing


Bahrain economy set for 3pc growth on key reforms, high oil

Bahrain’s economic activity is set for a moderate rebound in 2022 and the fiscal and external positions will improve considerably in the near-term and over the medium-term, growth is set to stabilize at 3%, according to a review by International Monetary Fund (IMF).  &


Union Coop to list shares on DFM on July 18

Union Coop, a leading consumer cooperative in the UAE, has announced plans to list its shares on the Dubai Financial Market (DFM) on July 18 as part of its new growth strategy.   Announcing the big plan, Union Coop said it will exercise a share split as per the


Magnati launches region’s first metaverse marketplace

Magnati, a regional leader in the payment solutions industry, is launching Magnati-MetaV, the region’s first metaverse marketplace that enables users to experience e-commerce in a new and immersive way.   The platform seeks to shift behavioural patterns fr

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