Trade deficit increased by 50% MoM in December

As seen recently, SBP's latest data revealed that the trade deficit deteriorated sharply during Dec-2020 to US$2,768mn, which is a 50% MoM/64% YoY increase from the previously recorded months. The…

NNR January 26, 2021

PVC-Ethylene margin rose by 6% WoW to record US$800/ton

The increase came on the back of a 9% decline in the Ethylene prices, currently at US$900/ton whereas spot prices were under pressure due to sluggish demand from Chinese buyers…

NNR January 26, 2021

SHUAA managed Nujoom funds announce first dividend

DUBAI: SHUAA Capital psc announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1% cash dividend for the fourth quarter of 2020. The dividend is…

NNR January 24, 2021

SGX and Temasek form JV to advance digital asset infrastructure in capital markets

The partnership between SGX and Temasek combines SGX’s multi-asset experience and strength, together with Temasek’s expertise in blockchain technology and ecosystem connectivity. SINGAPORE: Singapore Exchange (SGX) and Temasek have entered…

NNR January 23, 2021

New e-commerce operation for Farfetch extends Clipper’s European footprint

LONDON: Clipper Logistics plc has entered into an agreement with Farfetch to provide pan-European e-fulfilment and returns management services from a new facility in Venray, Netherlands. Farfetch is the leading…

NNR January 21, 2021

The $628 million dispute between Sui Southern Gas and K-Electric taking further toll on power utility

ISLAMABAD: The over Rs100 billion ($628 million) dispute between Sui Southern Gas Company (SSGC) and K-Electric Limited (KE), which is already deterring acquisition of KE by Shanghai Electric, is going…

Ali Mirza January 21, 2021

NEPRA unveils its CSR initiative “Power with Prosperity”

ISLAMABAD: In a bid to introduce an inclusive development model in the power sector of Pakistan, National Electric Power Regulatory Authority (NEPRA) has envisioned developing a Corporate Social Responsibility (CSR)…

NNR January 19, 2021

EFG Hermes ranks first in Egypt, Kuwait, Dubai, and Kenya

The division leveraged its position across its footprint to capture significant market shares and lead the ranks in numerous markets despite challenges CAIRO: EFG Hermes, the leading financial services corporation…

NNR January 19, 2021

Emirates Group rolls out COVID-19 vaccination programme

Immunisation drive starts today for UAE based workforce DUBAI: The Emirates Group Monday rolled out a COVID-19 vaccination programme for its substantial UAE based workforce in coordination with the Dubai…

NNR January 18, 2021

GIB Capital named best debt house for Saudi Arabia and Bahrain by EMEA Finance

Osamah Mohammed Shaker, CEO of GIB Capital, said, "These awards recognise our ongoing leadership in the debt capital markets and our success.” RIYADH: GIB Capital, the Riyadh-based investment banking and…

NNR January 18, 2021

DFM commences Real Estate Investment Trusts trading with listing of Al Mal Capital’s REIT

DUBAI: Dubai Financial Market (DFM) Monday hosted a bell ringing ceremony to celebrate the commencement of Real Estate Investment Trusts (REITs) trading with the listing of Al Mal Capital's REIT,…

NNR January 18, 2021

Parkland Fuel Corporation

Parkland Fuel Corporation is a Canadian independent fuel retailing company based in Calgary, Alberta. Its subsidiaries include several gas station chains, including Pioneer, Fas Gas Plus and Ultramar, as well…

NNR January 17, 2021