• GLOBAL MARKETS-Wall Street drops, European shares see first weekly gain of 2022
    Friday, February 11, 2022 from Zawya.com - Markets News
    * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh By Stephen Culp and Chris Prentice NEW YORK/WASHINGTON, Feb 11 (Reuters) - Wall Street tumbled in choppy trade on Friday,...
  • GLOBAL MARKETS-Wall Street wavers; U.S. 10-year yield steadies near 2%
    Friday, February 11, 2022 from Zawya.com - Markets News
    * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh (Updates to U.S. markets open, changes dateline to NEW YORK (was LONDON), changes byline) By Stephen Culp NEW YORK, Feb 11...
  • Wall Street set for second day of losses; U.S. 10-year yield near 2%
    Friday, February 11, 2022 from Zawya.com - Markets News
    U.S. consumer prices showed the biggest annual increase in 40 years
  • GLOBAL MARKETS-Asian shares fall, U.S. treasury yields hold firm after U.S. inflation data
    Friday, February 11, 2022 from Zawya.com - Markets News
    * Asian stock markets: https://tmsnrt.rs/2zpUAr4 * China, HK stocks reverse gains; Nikkei closed * U.S., European stock futures down; dollar firmer * Oil prices and gold slide By Stella Qiu and Alun John HONG KONG, Feb 11 (Reuters) -...
  • Asian shares fall, U.S. treasury yields hold firm after U.S. inflation data
    Friday, February 11, 2022 from Zawya.com - Markets News
    E-mini futures for the S&P 500 were 0.46% lower in early Asian trading
  • Stock recovery takes a breather ahead of U.S. inflation numbers
    Thursday, February 10, 2022 from Zawya.com - Markets News
    Bond yields stay below recent highs
  • GLOBAL MARKETS-Stock rally loses steam in Asia as U.S. inflation test looms
    Thursday, February 10, 2022 from Zawya.com - Markets News
    * CPI seen at multi-year highs as market gauges Fed rate hike pace * Global bond yields ease after surge to multi-year peaks * Currencies in holding pattern, gold hovers near two-week top By Kevin Buckland TOKYO, Feb 10 (Reuters) - A...
  • Stocks lose steam in Asia before U.S. inflation test
    Thursday, February 10, 2022 from Zawya.com - Markets News
    CPI seen at multi-year highs as market gauges Fed rate hike pace
  • GLOBAL MARKETS-Global stocks rise on strong earnings, tech sector strength
    Thursday, February 10, 2022 from Zawya.com - Markets News
    (Adds U.S. stock, oil closing prices; updates prices throughout) * U.S. stocks rally on tech sector gains * European shares gain on strong earnings * Benchmark 10-year U.S. treasury yield slips from multi-year highs By Chris Prentice and...
  • US STOCKS-Wall Street ends sharply higher, lifted by Big Tech
    Thursday, February 10, 2022 from Zawya.com - Markets News
    (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * CVS drops on downbeat outlook * Chipotle, Enphase Energy surge on strong results * All eyes on CPI data due Thursday (New...
  • GLOBAL MARKETS-Stocks rise as investors put aside rate hike fears
    Wednesday, February 9, 2022 from Zawya.com - Markets News
    (Updates prices throughout, adds closing European share prices) * U.S. stocks rally on tech sector gains * European shares gain on strong earnings * U.S. two-year treasuries yields rise to Feb 2020 high By Chris Prentice and Dhara...
  • US STOCKS-Wall Street surges, lifted by Big Tech
    Wednesday, February 9, 2022 from Zawya.com - Markets News
    (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * CVS slips on downbeat outlook * Chipotle, Enphase Energy surge on strong results * All eyes on CPI data due Thursday *...
  • GLOBAL MARKETS-Stocks on solid ground, battered bonds take a breather
    Wednesday, February 9, 2022 from Zawya.com - Markets News
    * Stocks rally, bond yields edge off highs * U.S. stock futures higher * Upbeat earnings support sentiment (Updates prices, adds chart, fresh comment) By Dhara Ranasinghe LONDON, Feb 9 (Reuters) - World stocks rallied on Wednesday,...
  • World stocks firm, bonds win respite from rout
    Wednesday, February 9, 2022 from Zawya.com - Markets News
    Stocks rally, bond yields edge off highs
  • Asian stocks join global rally, U.S. yields cling to highs
    Wednesday, February 9, 2022 from Zawya.com - Markets News
    Investors across asset classes are devoting considerable thought to the pace and timing of interest rate hikes by central banks across the world
  • Asian stocks track Wall St tech rally, U.S. yields cling to highs
    Wednesday, February 9, 2022 from Zawya.com - Markets News
    Investors across asset classes are devoting considerable thought to the pace and timing of interest rate hikes by central banks across the world
  • GLOBAL MARKETS-Wall Street rallies on tech boost, European shares end flat
    Wednesday, February 9, 2022 from Zawya.com - Markets News
    (Recasts throughout with changes in market direction, updated prices) * U.S. shares up, European stocks down * Oil cools after hitting $94 a barrel * BP reports $12.8 profit after oil and gas price surge By Chris Prentice and Marc Jones...
  • GLOBAL MARKETS-Wall Street turns higher after groggy open, euro stalled by Lagarde
    Tuesday, February 8, 2022 from Zawya.com - Markets News
    (Adds Wall Street figures, analyst comment) * U.S. shares up, European stocks down * Oil cools after hitting $94 a barrel * BP reports $12.8 profit after oil and gas price surge By Chris Prentice and Marc Jones WASHINGTON/LONDON, Feb 8...
  • GLOBAL MARKETS-Wall Street starts groggy, euro stalled by Lagarde
    Tuesday, February 8, 2022 from Zawya.com - Markets News
    * Wall Street expected to start mixed amid rising rate pressures * Earnings in focus, Arm sale collapses * Oil cools after hitting $94 a barrel * BP reports $12.8 profit after oil and gas price surge By Marc Jones LONDON, Feb 8 (Reuters)...
  • GLOBAL MARKETS-Bumper BP profits lift European stocks, euro stalled by cautious Lagarde
    Tuesday, February 8, 2022 from Zawya.com - Markets News
    By Marc Jones LONDON, Feb 8 (Reuters) - Bumper profits from oil giant BP helped lift European stocks on Tuesday, while the euro was pegged back as the head of the European Central Bank, Christine Lagarde, tried to rein in interest rate...
  • UPDATED
    Monday, February 7, 2022 from Zawya.com - Funds News
    (Updates with details from bank document) DUBAI, Feb 7 (Reuters) - Riyad Bank 1010.SE , which is 43% indirectly owned by the Saudi government, has hired banks for a planned issuance of U.S. dollar-denominated Additional Tier 1 (AT1)...
  • Saudi sovereign fund in talks for extension on $15bln loan: sources
    Thursday, February 3, 2022 from Zawya.com - Funds News
    The sovereign wealth fund started raising bank debt in 2018
  • Saudi Arabia to host the 14th edition of global oil and gas conference
    Thursday, January 27, 2022 from Zawya.com - Markets News
    The conference will involve regional energy ministers, industry leaders
  • SIIG logs 1,135% higher profits in 2021
    Thursday, January 27, 2022 from Zawya.com - Markets News
    Company's net profits after Zakat and tax retreated by 48.085%
  • Saudi Kayan turns to profitability in 2021
    Thursday, January 27, 2022 from Zawya.com - Markets News
    The company generated revenues up 58.06%
  • Kufpec announces first offshore exploration discovery
    Thursday, January 27, 2022 from Zawya.com - Markets News
    Kufpec Indonesia made the discovery through the successful drilling of the Anambas-2X well
  • Saudi's Etihad Atheeb narrows losses to $2.9mln
    Thursday, January 27, 2022 from Zawya.com - Markets News
    Losses now represent 12.3% of share capital 
  • Saudi Kayan turns into profits of $640mln in 2021 as petrochemical sector blossoms
    Thursday, January 27, 2022 from Zawya.com - Markets News
    As the economic situation improved globally, the homegrown firm managed to erase losses of 210mln from a year earlier
  • First Abu Dhabi Bank's full-year net profit jumps 19% to $3.4bln
    Thursday, January 27, 2022 from Zawya.com - Markets News
    Earnings driven by economic recovery, positive momentum in core businesses
  • Orascom Investment completes sale of shares in Trans World Associates
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    The sale's net proceeds recorded around $35mln
  • Global Islamic funds market grows 300% in decade - report
    Wednesday, January 26, 2022 from Zawya.com - Funds News
    By Doyinsola Oladipo DUBAI, Jan 26 (Reuters) - The global Islamic funds market has grown by more than 300% over the last decade to nearly reach $200 billion in assets under management, the Bahrain-based General Council for Islamic Banks...
  • Dallah Healthcare inks share swap MoU with KUN Investment
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    The agreement includes the sale and purchase of shares accounting for 18.98% of International Medical Center Company
  • Profits of the National Bank of Kuwait hit $1.2bln in 2021
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    The bank attributed the hike in profits to higher net operating income,
  • Yokogawa, Aramco eye chip manufacturing in Saudi Arabia
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    Japan’s Minimal Fab Promoting Organization since 2017, will offer its expertise in deploying Minimal Fab technology to Aramco facilities
  • Limestone Lab announces plans to raise $2mln in Seed Funding round to roll out ten new concepts in the UAE
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    As part of the development fee, the hospitality group has thus far doubled the initial investment raised of the two concepts
  • Saudi automotive acquires NAFT gas station operator in $293.3mln deal
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    The deal comes as part of SASCO’s expansion strategy to acquire new sites, increase market share, and enhance its reach and network of stations
  • 2022 set to be a flourishing year for the Middle East region
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    Galvanized by retail investors, who continued their high level of engagement that began in 2020, 2021 witnessed record-high trading volumes
  • Emirates Islamic profits jump by 271% y-on-y to $224mln
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    The bank said there had been higher non-funded income and a significant reduction in the cost of risk reflecting the strong economic recovery
  • Saudi's Advanced Petrochemical to buy back up to 1.5mln shares
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    Company plans to allocate them as treasury shares within its incentive programme for workers
  • Emirates NBD's profit up 34% to $2.5 bln in 2021
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    Chairman says bank has been 'rewarded' as economy rebounds
  • Dubai Islamic Bank's FY net profit climbs 39% despite income drop
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    Bank proposes 25% dividend
  • Saudi Arabian Pipes Co. wins $71.4mln Aramco order for supply of steel pipes
    Wednesday, January 26, 2022 from Zawya.com - Markets News
    Financial impact to begin from Q3 2022
  • Honeywell launches new facility for oil and gas in Saudi Arabia
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    The facility will mainly cater to the Saudi Arabian market, GCC countries
  • UAE's ADNOC sets up new company for debt capital markets
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    The company said it expected ADNOC Murban to be rated AA/Aa2/AA by S&P, Moody's and Fitch, respectively
  • Aramco, mCloud to explore a joint hub for ESG solutions in Saudi Arabia
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    This hub would enable both parties to jointly develop new AI-powered innovations
  • Bahri, Metito launch trial ops of first Saudi floating desal plant
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    The project was developed by Metito
  • Orascom Construction closes equipment distribution business' acquisition
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    The company's ownership has been transferred to Orascom Construction
  • M&A growth will continue in Saudi Arabia in 2022: Sovereign AEI
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    FDI advisors saw 30% increase deal activity across all corporate products and services in the kingdom from 2020 to 2021
  • Oil production capacity will become a market feature in late 2022
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    OPEC’s relatively high level of spare production capacity persisted into the late 1990s
  • F2V, Occidental Oman Sign Agreement for Flare Gas Recovery at Mukhaizna Field
    Tuesday, January 25, 2022 from Zawya.com - Markets News
    With the project, F2V demonstrates a novel business model that delivers flare gas utilization solutions and focuses on standardization, modular solutions, and the creation of In-Country Value
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