Latest news

Date Title
Ash-Sharqiyah Development names new Vice Chairman, CEO
Moody's affirms Etisalat's rating at 'Aa3'; outlook stable
Boarding passes for Saudi domestic trips now linked with Tawakkalna – GACA
Egypt plans to operate 1,000 natural gas fuelling stations - Minister
DFM closes Sunday down; ADX up
DIFC FinTech Hive’s AccelerateHer to support twice female talent in 2021
Fitch upgrades Al Rajhi Bank's outlook
UAE Islamic banks record 5% higher assets in 2020 - CBUAE
Egypt invests EGP 35.3bn in developmental projects in Cairo
DEWA raises desalinated water production capacity to 490 MIGD
UAE, Egypt among top regional destinations for Saudis – Almosafer
Egypt’s internal trade attracts EGP 50bn in three years - Minister
UAE's GDP expected to grow 3.8% in 2022 - CBUAE
Compass Capital submits offer to acquire Alexandria National Co. for Financial Investment
Dubai eases travel restrictions from India, South Africa, Nigeria
Banque du Caire reports EGP 1bn profit in Q1-21
Tasnee completes maintenance of SEPC plant; financial impact unchanged
L'azurde says rights issue attracts SAR 128m in subscribed shares
Heliopolis Housing inks assignment of right agreement with EBE
National Building withdraws request to list on main market
DXB to reopen Terminal 1, Concourse D on 24 June
Aramco closes $12.4bn with consortium including UAE’s Mubadala, EIG
CBE offers EGP 18.5bn T-bills on Sunday
Jafza sees 12% higher healthcare, pharmaceuticals customer base
GFH exits from US industrial portfolio
Egypt, UNFPA discuss cooperation on SDGs, Vision 2030
Tadawul approves listing of government debt instruments
Council of Saudi Chambers becomes federation
Yansab to pay SAR 844m in dividends for H1-21
National Building submits request to list on main market
TASI falls on Thursday; NomuC rises
Emirates to resume almost 90% of pre-pandemic network by end of July
Aramco raises $6bn through USD-denominated Sukuk offering
Dubai records AED 11bn real estate investments in May 2021
Hassan Allam joins forces with El Nasr to switch to electric cars
DFM ends Thursday up; ADX down
Saudi Arabia vaccinates 98% of elderly
United Housing's EGM approves capital cut
Sinai Cement’s Q1 losses widen 40%
UAE banks grant AED 1.6bn facilities to business, industrial sectors in April
AMOC eyes EGP 227m investments next year
UAE leads globally 20 development indicators
M&A Brief of the Week
Kuwait's Ahli United Bank lists $600m Sukuk on Nasdaq Dubai
Middle East could be seeing more billion-dollar startups – Careem CEO
CBUAE raises overnight base rates 5 basis points
Ezz Steel's exports hit $269m in Q1-21
Saudi Arabia continues to lead MENA’s IPO market – EY
ADCB investor exits with AED 1.1bn stake sale
SASCO to distribute dividends worth SAR 12m for 2020
UAE's Mubadala to invest $100m in Chinese trucking startup
CBD partners with Network International to offer pre-approved business loan
Saudi Arabia records 1,239 new COVID-19 cases
Saudi GAC approves Ataa Educational’s acquisition deals
MedGulf amends rights issue value to raise capital
IHC's unit completes development of AED 260m Viceroy Hotel in Serbia
Red Sea International signs SAR 53m deal with AlUla
TASI rises on Wednesday; NomuC falls
Julphar sells 51% stake in Alpha Pharma
Egypt’s property sector backed by resilient economy, strong demographics – Savills
Mubadala Health acquires 60% stake in UEMedical
SAMA says Aber project achieves main objectives
UAE stock markets close Wednesday in red zone
GEMMA reports higher net profits in Q1-21
Mopco records 48.5% higher profits in Q1 consolidated financials
UAE's holdings of US Treasury bonds hit $43.7bn in April
Pioneers Holding’s board approves split proposal
Al Rajhi Partners raises stake in RAK Ceramics
Indonesian government lists $3bn Sukuk issuances on Nasdaq Dubai
Saudi Arabia’s holdings of US treasuries fall to eight-month low
DIB sells $1bn in five-year Sukuk
Al Ezz Dekheila Steel turns profitable at over EGP 1bn in Q1
ADNOC's unit awards Italian company $510m contract to expand Shah gas plant
DAMAC appoints independent committee to assess Maple Invest's acquisition offer
Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks
DP World weighs selling stake in Jebel Ali Free Zone
Dubai's CPI down 3% in May 2021
DP World sees 4% higher number of parks, economic zones in 2020
Saudi Arabia’s inflation rate hits 5.7% in May; wholesale prices up
Orascom Investment signs EGP 200m deal for Sound and Light shows
TASI ends Tuesday in red; NomuC rises
South Valley Cement’s Q1 losses shrink 14%
Minapharm achieves net profits worth EGP 122m in Q1
HD Bank logs EGP 651m in Q1 consolidated profits
ACWA Power raises nearly SAR 3bn via Sukuk issue
Palm Hills’s Q1 net profits jump 152%
Domty turns to loss exceeding EGP 3m in Q1
Arabia Investments records EGP 15m net profits in Q1
Al Naqool starts pilot production of SAR 20m project in Egypt
Tihama appoints new CEO
Watani Iron Steel fully repays loan from SABB- Alawwal Bank
Raydan inks $30,000 deal with Egypt’s Golden Star
Saudi Chemical extends agreement with Hellmann
Qalaa Holdings explains Chairman’s travel ban situation
Eastern Company denies plans to issue securitized bonds
Arab Moltaqa posts 226% higher profits in Q1
NCH extends losses by 1,093% in Q1
Ataqa posts 361% higher profits in Q1
Saudi Arabia to raise working capital in Egypt to $50bn
RAK Cement says no critical news behind rising share price