Latest news

Date Title
Misr Life Insurance Liquidity Fund oversubscribed at EGP 471m
Rubex International’s Q1 losses shrink 87.5%
EGX loses EGP 9.3bn in market cap at Sunday's close
TASI falls on Sunday after eight sessions in green; NomuC down
UAE residents allowed to travel to 19 quarantine-free countries
Talaat Moustafa Group launches EGP 500bn housing project
Saudi Arabia records 984 new COVID-19 infections
Dubai's electricity capacity hits 12,900 MW
FRA studies Emirati firm's offer to acquire Alexandria Medical Services
Bahrain leads GCC banks in 2020 dividend cuts – Report
UAE federal bank plans to sell second international bonds
DFM ends Sunday down; ADX up
Suez Customs collects over EGP 3bn customs, taxes in May
Abdel Rahman Ali named Chairman of Nile Pharma
Emaar Properties sees 250% YoY higher property sales in 5M
Egypt builds EGP 3.8bn developmental projects in Menofia in two years
Fitch assigns ADNOC's $1.195bn exchangeable bonds 'AA' final rating
Egypt’s trade deficit narrows 25% in March – CAPMAS
Bank of Sharjah reports AED 176m consolidated profits in 2020
L'azurde announces rights issue duration for capital raise
Ataa Educational extends MoU with Arabian Education
Cleopatra Hospitals Group's profit grows 23% in Q1-21
Egypt issues executive regulations of unified tax procedures law
Limitless' settlement offer to Deyaar amounts to AED 500m
Amer Group's profit jumps 1,870% in Q1-21
ENBD REIT records 17% YoY lower net asset value; dividends proposed
CBE offers EGP 18.5bn T-bills on Sunday
Saudi Arabia, UAE lead Forbes Middle East's top 100 listed companies for 2021
Emaar denies hiring banks for US dollar Sukuk issuance
Egypt overviews achievements in petroleum sector in seven years
TASI rises for eighth session in row on Thursday; NomuC up
EGX ends Thursday mixed; market cap loses EGP 2.6bn
United Cooperative to partially offset accumulated losses
Egypt’s international reserves rise in May for 12th month in row
Saudi Arabia announces 1,261 new COVID-19 cases
Moody's affirms Dubai Aerospace's Baa3 issuer rating; revises outlook to stable
GB Auto acquires Changan's sole distributorship
SIIG to distribute SAR 225m dividends for H1
Saudi Arabia’s M3 money supply jumps SAR 169bn in April
Bank of Sharjah's OGM approves $1bn securities issuance
EGX executes EGP 1.9m deal on ODE's shares
Kingdom Holding approves dividends worth 5% of capital
El-Mashat discusses bilateral relations with Russian President’s Advisor
UAE stock markets close Thursday in red zone
SoftBank in talks to invest in Dubai-based Kitopi's funding round
ICON asks for trading suspension on shares until completion of demerger
UAE banks' loans record AED 1.763trn in April
TAQA Arabia inks EGP 916m financing deals with NBE
Saudi Arabia’s business activity hits quickest pace since end-2017 – PMI
Egypt cuts export tariffs on nitrogen fertilisers
Abu Dhabi completes $2bn sovereign bond issuance
M&A Brief of the Week
Housing and Development Bank's standalone profit inches up in Q1-21
Southern Province Cement sets up new production line
ADX lists Abu Dhabi Ports' $1bn bonds
Juhayna says no acquisition offer received from ADQ
Saudi Chemical signs agreement with GSK Saudi Arabia
UAE's non-oil economy sees slight improvement in May; employment contracts
Presidential decree approves tax treaty with UAE
Sustainable Capital Africa Alpha Fund raises stake in Orascom Construction
Medical Packaging's profit jumps 54% in Q1-21
Egypt's business conditions still in contraction in May, but outlook improves – PMI
L'azurde’s shareholders nod to 34% capital hike, fluctuation limit announced
ADQ considers acquiring stake in Egypt's Juhayna
Anaam International extends MoU with Wasit
IHC's unit acquires further assets from Murban
Emaar Properties hires banks to issue US dollar Sukuk
QNB Al Ahli decides to sell entire stake in Senouhe for Construction Material
ITFC teams up with UNIDO to support Egypt's cotton industry, Sudan's dairy sector
EGX ends Wednesday varied; market cap loses EGP 2.7bn
National Housing pens SAR 2bn Murabaha deal with Bank Albilad
UAE banks record 30% higher investments in April
Egypt targets to vaccinate 40% of population against COVID-19 by 2021-end
EGX approves listing Housing and Development Bank's capital raise shares
Emirates Development Bank, CBD ink MoU to offer financing solutions to SMEs
Egypt's trade deficit declines to $9.6bn in Q1-21
UAE stock markets end Wednesday on positive note
Egypt's foreign-currency deposits hit 10M high in April – CBE
Saudi banks invest SAR 447.27bn in gov’t bonds in April
Egypt's economy grows 2.9% in Q3-20/21
Mubadala hires banks to arrange for Yahsat's IPO
Aramco plans Sukuk sale to finance $75bn dividends
El-Mashat to take part in St. Petersburg International Economic Forum
Masdar wins Uzbekistan's solar power plant tender
Orascom Financial Holding cuts stake in Beltone for EGP 71.5m
Nile Cotton Ginning buys shares owned by shareholders against voluntary delisting
DIFC partners with Arizona State University's unit to open innovation centre
Egypt allocates above EGP 600bn for rural development project
Ataa Educational inks SAR 125m Murabaha financing
Number of subscribers to Digital Egypt platform reaches 2.2m
Alandalus Property’s shareholders approve SAR 35m dividends for 2020
MSCI upgrades FAB's ESG rating to AA
Alexandria Pharmaceuticals posts 21% lower profit in 10 months
Integrated Diagnostics Holdings reports 230% higher profit in Q1-21
Almarai inks AED 215m agreement to acquire production facility in UAE
Deyaar's board approves Limitless' settlement proposal
CBUAE's foreign assets hit AED 393.78bn in April
Egypt’s food exports to EU countries hit $152m in Q1-21
EGX ends Tuesday mixed; market cap drops around EGP 2bn
TASI ends Tuesday in green; turnover hits SAR 15bn