Latest news

Date Title
Egypt’s trade deficit shrinks 13.3% in April - CAPMAS
Shuaa Capital in early talks with banks to consider forming SPACs
GB Auto's unit receives consumer finance licence
Elsewedy Electric inks EGP 410m deal to acquire International Cables Company
Zain KSA achieves SAR 83m net profits in H1-21
Dubai non-oil economy's output growth slows to seven-month low in June
Egypt pays EGP 16.4bn under immediate export subsidy payment initiative
Egyptian court annuls verdict against Damietta Port Authority
GFH acquires $100m student housing portfolio in US
Yansab announces temporary closure of plants, estimates financial impact
CBE offers EGP 11bn T-bills on Sunday
UAE announces Eid Al Adha holiday
Dubai records 31% higher pharma, medical supplies trade in Q1-21
Jarir invests SAR 28m in new branch
UAE launches programme for coders to establish 1,000 digital companies
Tadawul nods to listing of SAR 10bn government debt instruments
UAE's Al Qamzi Developments plans EGP 14bn investment in Egypt
NCLE records SAR 17.5m profits in nine months
Takween turns profitable at SAR 10m in H1-21
TASI down on Thursday, NomuC in green
Zahrat Al Waha renews SAR 82m loan with ANB
ACWA Power would invest $16bn in new projects this year
No damage occurs to Jebel Ali Port's logistics, operational facilities from fire - official
Egypt secures $12.5bn funding from ITFC
Aramco likely to sell more assets, to generate multi-billion dollars
Alstom to start delivery of rolling stock for Egypt's monorail project
UAE stock markets close Thursday in red zone
M&A Brief of the Week
Moody's affirms ratings of TAQA, SENAAT
Remittances of Egyptian expats rise to $25.8bn in 10 months
GFH in talks with Khaleeji Commercial Bank for voluntary takeover offer
SEC secures $500m green loan
Remco hires financial advisor to assess value of Empain Tourism Investments
Egypt, Eni ink MoU on hydrogen production projects
ADNOC inks agreement with three Japanese companies for hydrogen, blue ammonia opportunities
FRA approves Compass Capital's MTO for Alexandria Financial Investment
Abu Dhabi seeks investors to build hydrogen-export facilities
CI Capital hires advisor to assess Souhoola's FV
Fitaihi Holding’s shareholders nod to SAR 275m capital decrease
US companies plan $5bn investments in Egypt over next five years
Jebel Ali Port operating normally after explosion erupts on ship
Gulf Union Alahlia’s accumulated losses shrink to 12% of capital
Egypt's headline inflation rises to 5.3% in June - CAPMAS
UAE ranks eighth globally among most cashless economies
United Cooperative receives SAMA’s nod for licence renewal
CBE offers EGP 20bn T-bills on Thursday
CI Ratings affirms Sharjah Islamic Bank's ratings; outlook stable
DP World plans to buy South Africa's Imperial Logistics for $890m
Chemanol announces decrease of accumulated losses
EGX approves capital increase, reduction of several listed firms
MIS, Abunayyan to set up firm for green data centres
TASI closes Wednesday in red, NomuC rises
EFG Hermes gets EGX's approval for listing capital raise shares
UAE banks issue AED 17.3bn bonds in 2020
Alkhorayef Water awarded SAR 132m contract
The MarQ Developments acquires land from TAMEER to build EGP 2bn project
Al Maryah Community Bank receives final approval from CBUAE
MIS’ board proposes SAR 25m dividends for H1-21
Aarna Capital becomes DGCX's general clearing member
Egypt's banks allowed to provide commercial registration, documentation services
UAE stock markets close Wednesday in red zone
TAQA, Abu Dhabi Ports plan to build 2 GW green hydrogen to ammonia project
Arabian Cement expects higher profit on output cut decision
Ever Given vessel to leave Egypt after reaching agreement with officials
Vortex Energy achieves $200m first close for fund to invest in energy transition
Saudi Arabia to host IATA regional office
Egypt announces inauguration of Arab Court of Arbitration
Al Khodari announces changes in capital on court’s nod
Egypt exempts consumer financing services from VAT
Masdar wins tender to build 200 MW utility-scale solar project in Armenia
Dice turns profitable in Q1-21 on higher sales
DP World inks agreement with Petrochem to $80m chemical terminal development
DP World inks agreement with Petrochem to $80m chemical terminal development
Vortex Energy reaches $200m first close for fourth fund - EFG Hermes
Advanced Petrochemical records SAR 265m net profit in Q2
Orascom Investment Holding swings to loss in Q1-21
Mubadala inks agreement to support US-based Procore's expansion in MENA
Egypt-Malaysia bilateral trade hits $503m in 2020
Egypt's net international reserves rise to $40.58bn at June-end
Dubai registers 4m overseas overnight visitors in 11M
Ataa Educational obtains SAR 278m from Riyad Bank
Dubai’s consumer confidence index hits highest level since 2011
Alinma Tokio Marine appoints Chairman, Vice Chairman
Egypt Kuwait Holding's board approves Deputy Chairman's resignation
Majority of GCC consumers likely to opt for digital banking services
City Edge inks mortgage financing protocol with Credit Agricole
Saudi CMA completes securities business licence for Erteqa
EGX loses EGP 13.17bn in market cap at Tuesday's close
TASI falls, NomuC rises on Tuesday
IHC's unit acquires 70% stake in 1885 Delivery Services
Maridive says no deal reached with Al Subeai on subsidiary sale
Al Etihad Cooperative inks renewable deal with Tadamon
UAE's Farnek wins FM contracts for Expo 2020 pavilions worth AED17m
Saudi German Hospital extends deal with Sobhi Batterjee hospital
TAQA Arabia to build two PV stations in Somabay with $4m investment
Saudi Arabia dominates Forbes Middle East’s 2021 asset managers list
UAE stock markets close Tuesday in red zone
Egypt's industrial production rises 8.7% in Q1-20
DAE inks agreements to sell aircraft for $500m
Tanmiah IPO final offer price set at SAR 67/share