News - Arabic markets
Dubai announced its intention to offer 25% of Dubai Taxi shares on the stock exchange.
Dubai Taxi Company announced on Monday its intention to offer about 25% of its shares in an initial public offering and list it on the Dubai Financial Market.
Read more
Two workers jump 77% in Al Ahlia Insurance’s quarterly profits
Kuwait Stock Exchange data reported today, Sunday, that Al-Ahlia Insurance Company achieved an increase in its profits by 76.7% on an annual basis in the third quarter of 2023, thanks to its employees.
Read more
Egypt's exports to East Asian countries increased to $7.7 billion, with fuel in the lead
The annual bulletin “Trade Exchange between Egypt and the Most Important East Asian Countries” for the year 2022 showed a development in the value of foreign trade “exports and imports” with the most important East Asian countries,
Read more
Moody's credit rating agency downgraded the ratings of five Egyptian banks
Moody's downgraded the rating of five banks in Egypt, including the largest private bank, due to the country's declining sovereign rating and its lack of ability to repay debts.
Read more
The IMF reduced its growth rate predictions for the Middle East and North Africa region.
The International Monetary Fund reduced growth forecasts for the Middle East and North Africa region to 2% this year due to tightening monetary policies and oil production cuts under the OPEC+ agreement.
Read more