Latest news

Date Title
Malabar redomiciles to DIFC, joins Nasdaq Dubai
SCA approves Al Khazna Insurance capital cut
TASI closes Monday higher; NomuC falls
El Kahera Housing’s Q1 profits plunge 86%
Rowad Misr incurs 14% higher losses in Q1
Arab Drug records 8.5% rise in 11-month profits
ADX reveals insider trading prohibition period
ADX lists EUR 1bn bonds issued by Etisalat
Arab Dairy’s Q1 profits leap to EGP 8m
Stanford Marine secures $45m bank loan
Pioneers Holding’s Q1 profits grow 10.5%
Saudi Arabia’s GDP falls 3% in Q1-21 as oil sector declines
DIB to issue five-year USD-denominated Sukuk
ADQ could soon invest $500m in Flipkart
UAE’s medical device market to hit over AED 5.5bn by 2025
Egypt auctions T-bonds worth EGP 16.5bn on Monday
Maharah Human appoints Acting CEO
SABIC Agri-Nutrients to pay SAR 595m dividends for H1-21
Egypt, EBRD discuss joint cooperation within new strategy
Egypt-Algeria bilateral trade expands by 14% in Q1
Banque Misr signs EGP 500m contract for Tamkeen microfinance project
Kuwait Insurance to start EGP 100m life insurance firm in Egypt
Elsaeed Contracting records 69% rise in Q1 profits
DEWA to add 600MW clean energy capacity in 2021
MIS obtains SAR 332.5m loan from Banque Saudi Fransi
UAE markets close lower on selling pressures
Electro Cable achieves EGP 9m in Q1 net profits
Unipack records EGP 5m profits in Q1-21
TASI ends Sunday in green; NomuC declines
Giza General Contracting records 127% rise in Q1 profits
United Housing records 38% higher profits in Q1-21
SADAFCO’s board proposes SAR 96m dividends for FY20/21
Dubai says 80% of new COVID-19 cases were unvaccinated
Arab Sea receives ministerial nod for setting up new firm
Dubai’s external trade grows 10% in Q1
Egypt to invest up to $4bn in green hydrogen production
Egypt plans electricity interconnection with Saudi Arabia
Ma’aden nears completion of over $6bn Phosphate 3 project
EGX Chairman expects 4-5 IPOs in H2-21
Astra Industrial’s unit partners with Moderna to commercialise vaccine
October Pharma’s Q1 profits leap 402%
Alexandria Medical Services Q1 profits rise 138%
DSI turns to profit at AED 115m in Q1; accumulated losses reduced
Emaar Misr posts 114% higher profits in Q1
Egypt offers EGP 18.5bn T-bills on Sunday
Saudi Research’s unit pens deals worth SAR 200m yearly
Taiba Investments, Dur Hospitality consider merger
M&A Brief of the Week
Egypt implements 320 agricultural projects worth EGP 40bn in seven years
Bahri ranks 40th on Forbes Middle East’s top 100 list
Saudi Arabia records 1,286 new COVID-19 cases
EGX30 ends Thursday below 10,000 pts
Ataa Educational’s nine-month profits shrink 61.5%
DP World's P&O Ferrymasters to build warehouse at Genk in Belgium
TASI, NomuC close Thursday in green
Egypt converts 363k cars to run on natural gas – El-Molla
Al Shams Housing's profit inches down in Q1-21
UAE, Saudi Arabia see above 50% rise in finance app installs
ADFD signs AED 367m agreements with Turkmenistan
Egypt invests EGP 1.1bn in upgrading electricity networks in Luxor
UAE stock markets close Thursday on positive note
Islamic insurance growth to remain healthy in GCC – Moody's
UAE registers 114 foreign investment funds in 2020
Ajwa Egypt's standalone loss narrows 13% in Q1-21
Saudi PIF invests in Investcorp-Aberdeen regional infrastructure fund
CBUAE, CBE ink MoU to promote banking supervisory cooperation
FRA approves establishing first SME-focused private equity firm
Chinese company in talks to acquire 10% stake in TAQA
Egypt invests EGP 350bn in improving services in Upper Egypt in six years
Moody's affirms Aldar's Baa2 issuer ratings; outlook stable
Port Said collects EGP 3.2bn customs, taxes in May
Egypt's ministers explore ways to foster human capital investment
Saudi Arabia’s industrial production declines 24% in April – GaStat
Brazilian antitrust body approves RLAM refinery sale to Mubadala
Egypt expects $4bn additional funds following inclusion in FTSE's new index
Alinma Bank announces details of SAR-denominated Sukuk issue
Dana Gas appoints new Chairman, Vice Chairman
Egypt's headline inflation rises to 4.9% in May – CAPMAS
Arabian Shield’s EGM approves 33% capital hike; fluctuation limit announced
CBE offers EGP 17.5bn T-bills on Thursday
Dubai to cut government procedures for doing business by 30%
Emirates REIT sells property in DIFC for AED 40m
Emirates Development Bank closes $750m bond issuance
EGX30 rises above 10,000 pts at Wednesday's close
SACO increases loan value from SABB to SAR 413m
Arabian Pipes turns to loss in 2020; changes to capital proposed
FRA approves Zeta Investment's MTO for Alexandria National Co. for Financial Investment
EGX to launch Tamayoz index within days
Saudi CMA approves Alhokair Group’s capital cut, raise
EGX approves delisting of Nile Cotton Ginning's shares
Alinma Bank to issue SAR-denominated Sukuk
Orascom Financial Holding logs EGP 19m profit by end-March
Hub71 partners with ADIO to grant AED 10m support to startups
TASI ends Wednesday in green, NomuC falls
PIF-owned SAFE endorses security solutions via agreement with Thales
CIRA to buy land for new school in New Rashid City
IDH's board proposes $29.1m dividends for 2020
Dubai non-oil private economy grows at modest pace in May
Egypt’s industrial sector grows 6.3% in FY19/20
DFM closes Wednesday down; ADX up