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Markets remained largely stable despite a tech selloff, with G10 currencies trading in narrow ranges and some emerging markets seeing modest gains. The British pound held firm after the Bank of England’s dovish stance, while the New Zealand dollar weakened on soft labor data. Investors now await a U.S. government shutdown resolution that could restore key economic data releases.
13/11/2025
Aramco posts $28B Q3 profit, proving resilience amid oil market volatility. Despite an 11% drop in prices, strong production and cost control boosted performance — reinforcing Aramco’s global energy leadership and commitment to innovation and sustainability.
Egypt’s inflation likely rose to 12% in October, up from 11.7% in September, driven by fuel price hikes and higher rents, according to a Reuters poll. Despite the uptick, inflation remains far below its 2023 peak of 38%, with analysts expecting the Central Bank of Egypt to continue rate cuts this month.
Qatar International Islamic Bank (QIIB) priced its $500mn five-year sukuk at T+85bps, tightening from initial guidance of T+125bps, with a 4.50% coupon and $1.85bn in orders. Issued under its $2bn Trust Certificate Programme, the sukuk will list on the London Stock Exchange, with Citi, HSBC, DIB, QNB Capital, and others as joint leads.
07/11/2025
