Latest news

Date Title
Kima requests rescheduling of EGP 6.8bn debt
Raya Contact Center's board approves disposal of depreciated assets
Saudi GAC fines four pharmaceutical firms SAR 20m
Egypt plans to build EGP 20bn gold city
Alkhabeer REIT to not proceed with acquisition of Riyadh-based property
UAE investors feel optimistic about region's economy in 2021 - UBS survey
CBE offers EGP 13bn T-bonds on Monday
DP World records 8% gross volume growth in Q4-20
Foreign investors on Tadawul buy SAR 157.6m of stocks in week
ADNOC Distribution's board to study $15.5m acquisition for Saudi Arabia's fuel distribution assets
Sipchem resumes operations at Polymers Plant
Dubai Investments confirms distributing dividends for 2020
Mashroak finances over 13k projects in Sharkia with EGP 1.9bn
Egypt works on digitising government services with EGP 3bn cost
EGX30 ends Sunday above 11,600 pts; market cap rises EGP 3.4bn
Savola Group eyes acquisitions of food companies in Egypt, other markets
Number of ADSL subscribers in Egypt up 18% in FY18/19
UAE stock markets end Sunday's session mixed
UAE reports 3,093 new Covid-19 cases
Egypt to start receiving land allocation applications in New Alamein on Monday
Hadisolb's loss narrows to EGP 437m in H1-20/21 initial results
DMCC announces flexible pricing packages for businesses setting up in Dubai
Raya's units complete acquisition of i2, URC
Speed Hospitals acquires 50% of Al Safwa Hospital
Edita adds new wafer production line with investment cost of EGP 106m
M&A Brief of the Week
Juhayna's CEO detained; stock slides more than 11%
Egypt finances 70m COVID-19 vaccine doses for healthcare staff, senior citizens
Egypt needs EGP 3-4 trn to address issue of slums
DIFC, Tradeling to accelerate evolution of region’s B2B digital ecosystem
ADX cuts trading fees by more than 22%
Delta for Printing's profit leaps 89% in 2020; dividends proposed
GO records revenue of SAR 101.3m from deal settlement with supplier
CBE offers EGP 16bn T-bills on Sunday
Bank Albilad profits up 8.4% in 2020
Budget Saudi annual profits rise 5.2%; dividends proposed
Raydan Food inks five-year franchise deal with Ali Muhammed Ali Al Sairi
Arabtec Holding's CEO resigns
TASI returns to gains on Thursday
Gold prices in Egypt fall to lowest level in 7M
UAE stock markets maintain downward performance on Thursday
Egypt signs two protocols to localise, develop the automotive industry
UAE reports 3,249 new COVID-19 cases
UAE reports 3,249 new COVID-19 cases
Egypt directs EGP 30.6bn investments to Giza in 2020/2021 plan
Egypt, Greece to cooperate in maritime transportation fields
Abu Dhabi records 8% decline in non-oil foreign trade in 7M
Forbes Middle East unveils Mideast’s Power Businesswomen 2021
Emaar Misr agrees with Hassan Allam, Orascom Construction to build hotels in North Coast
CBE offers EGP 19.25bn T-bills on Thursday
Saudi Ceramic mulls 33.3% capital raise
ENBD REIT reports $184m NAT as at 31 December 2020
Qassim Cement’s profits grow 16% in 2020; dividends proposed
Halwani Bros approves SAR 1.5/shr dividends for 2020
Al Ramz purchases 216,688 shares in subscribed capital
Arabian Centres reports 13.6% lower profit in Q3
Aramex signs binding agreement to sell InfoFort to Iron Mountain
GO signs settlement contract with main supplier
Two of Bawan’s units cancel merger deal
Saudi Cement plans SAR 2/shr dividends for H2-20
TASI closes Wednesday’s session down for fourth day
Dubai Investments registers lower profits in 2020 initial results
24 international firms pen agreements to set up regional offices in Riyadh
Egypt agrees $9.8bn in development funds during 2020
Red Sea Development awards hotel construction contracts to Saudi, Swiss firms
UAE stock markets close Wednesday in red zone
Bonds, Sukuk primary issuances in GCC see value rising to $132.7bn in 2020
Dubai reports AED 175bn real estate transactions in 2020
Egypt’s LDF finances 2,194 small projects with EGP 24.3m in 6M
CBK launches Diraya campaign to address e-crimes, e-fraud
Saudi PIF may double loan to $15bn for investments
Localising remote customer service professions in KSA may create 20K new jobs
AMOC turns to losses in H1-20/21
UAE's non-oil economy records slight improvement in January - IHS Markit
Saudi PMI hits 15-month high in January
Al Rajhi Bank reports 4.3% higher earnings in 2020
EGA, Mubadala, Dubal Holding complete first H-Class gas turbine to power aluminium smelter
FAB launches sterling-denominated bonds worth GBP 400m
DFM's net profits rise 14% in 2020
Saudi Amiantit’s accumulated losses down to 27% of capital
RAKBANK witnesses 53% drop in net profits in 2020; dividends proposed
Ma'aden narrows losses by 71.7% in 2020
Mubasher’s DirectFN DMCC announces corporate name change to Global Financial Media (GFM) incorporating both Financial content & solutions and Mubasher Media businesses
Saudi goods reach 178 countries worldwide by 2020 end – Minister
SAMA nods to NCB, Samba merger
CBUAE appoints new Vice Governor
Solidarity Saudi Takaful announces CEO resignation
Sky Abu Dhabi Developments targets EGP 15bn investments in Egypt
MESC obtains SAR 50m loan from SIDF
TASI ends Tuesday’s session lower for third day
BMW Group to source solar aluminium from EGA
UAE'S CPI down 2% in December
Personal loans granted by banks in KSA rise 8.7% in 2020
UAE stock markets maintain positive performance on Tuesday
UAE reports 3,310 new COVID-19 cases
Egypt’s electricity ministry invests EGP 335m to develop Beni Suef’s power grid
Egypt allocates EGP 2.9bn for Fayoum in 2020-2021
Saudi Arabia launches system allowing consumers generate power from homes
Nozha International Hospital reports 18% lower profits in 2020
ADNOC signs AED 3.3bn real estate investment partnership with Abu Dhabi Pension Fund