Latest news

Date Title
TBC launches project to improve potable water quality at Saudi schools
Amer Group's profit more than halves in 2020
GB Auto's profit leaps 2,048% in 2020; dividends proposed
Amanat sees solid recovery in Q4-20
Porto Group Holding's board decides to rebrand, set up new JV
Oriental Weavers Carpet posts EGP 1.11bn profit in 2020; dividends proposed
ADCB takes over portfolio from Abu Dhabi Finance
Porto Group Holding's profit slides 76% in 2020
Egypt reveals details of Closing Gender Gap Accelerator
Chemanol restructures SAR 475m loans with local banks
Egypt launches Closing Gender Gap Accelerator's action plan
Herfy Food opens fifth restaurant in Bangladesh
Saudi German Hospital profits up 3.5% in 2020
Misr Chemical Industries sees 449% higher profit in 7M
CBE offers EGP 19bn T-bills on Sunday
MIS explores developing renewable energy-powered data centres in KSA
Riyad Bank plans 5% dividends for 2020
Najran Cement plans SAR 0.75/shr dividends for H2-20
SISCO reports 174% leap in annual profit; dividends recommended
Solidarity’s annual losses up; merger with Aljazira Takaful effective
Alexandria Medical Services gets FRA's approval on capital raise
FRA greenlights MTO for Alexandria National Co for Financial Investment
EGX30 ends Thursday above 11,600 pts; market cap up EGP 7.3bn
Mouwasat’s board recommends SAR 2.5/shr dividends for 2020
Al Baraka Banking Group achieves 8% lower net income in 2020
Egypt to roll out property tax services online via Digital Egypt platform
Zain KSA’s accumulated losses down to 0.6% of capital
Upper Egypt Mills records 20% lower profit in H1-20/21
TASI, NomuC rise at Thursday’s close
EFIC's profit slides 38% in 2020 on lower sales
Digital Egypt platform offers 45 government services
Taiba Investments registers 42.5% drop in annual profit
Saudi chambers council to enhance private sector’s role in international partnerships
UAE stock markets close Thursday on varied note
Mansoura Poultry's profit jumps 6,069% in 2020; bonus issue proposed
IDEX and NAVDEX 2021 deals exceed AED 904m on 5th day
Fawry still in preliminary talks to acquire additional stake in Fawry Plus
Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020
UAE reports 3,025 new COVID-19 cases
Egyptian Businessman Hussein Sabbour passes away at age of 85
Profits of Saudi banks down 23% in 2020
M&A Brief of the Week
S&P Global ratings on GCC insurance market expected to remain stable in 2021
Assiut Islamic Trading's profit rises 13% in 2020; Chairman votes against proposed dividends
Eastern Co achieves EGP 2.95bn profit in 7M
CBUAE imposes sanctions on non-authorised individual related to exchange house
Flydubai expands operations in Romania with new flights to Cluj-Napoca
HDB reports 7% lower profit in 2020 initial results, eyes EGP 2bn profit in 2021
Alkhorayef Water to start trading on Tadawul next Monday
Edita’s profit down 15% in 2020; board proposes dividends, capital cut
ADSB inks reciprocal agreement with Novamarine
Saudi Cable plans SAR 360m capital increase
CBE offers EGP 18bn T-bills on Thursday
Saudi Steel Pipe’s losses surge 28.7% in 2020
ADNOC, ICE prepare for launching ICE Murban Crude Oil futures in March
ANB annual profit slides 31.5% in 2020
MEPCO inks SAR 123m deal with Italy’s Toscotec for new production line
Emirates NBD's OGM nods to 40% dividends for 2020
Zahrat Al Waha profits down 28.4% in 2020; dividends proposed
SABB swings to losses in 2020
Alinma Investment to pay SAR 18m dividends to Alinma Sukuk ETF Fund
Obour Land's OGM nods to EGP 240m dividends for 2020
TASI, NomuC end Wednesday’s session lower
New Finablr owners in merger talks with Bahrain's BFC Group Holdings
ADF provides SAR 500m in loans during 2020
Misr Cement - Qena reports EGP 33.85m profit in 2020
UAE stock markets close Wednesday in red zone
KSA’s trade surplus hits SAR 165bn in 2020
Dar Al Takaful repays AED 100m of acquisition financing
UAE announces 3,102 new COVID-19 cases
Egytrans plans EGP 0.75/shr dividends for 2020
Cash in circulation outside UAE banks rises AED 16.5bn in 2020
Samba, NCB to not lay off employees after merger
Ebtikar's board approves Vodafone Egypt's 20% acquisition in Bee, Masary
Egypt teams up with Norway’s Sterner to build aquaculture complex
EIPICO logs 27.4% lower profits in 2020
Telecom Egypt achieves 10% higher consolidated profits in 2020; dividends proposed
Elsewedy Electric annual profit down 24.8%; dividends proposed
Majid Al Futtaim records 7% lower revenues in 2020
Saudi trade surplus nears SAR 20bn in December
KSA taps int’l bond markets for second straight month
Abu Dhabi's non-oil trade with Kuwait hits AED 51.3bn over five years
Emirates Driving's board proposes 100% dividends for 2020
Saudi Arabia predicted to see broad-based recovery in 2021 – Jadwa
ADNOC Distribution partners with Amazon to sell products online
Egypt allocates additional EGP 750m for canal rehabilitation project
Arab Co. Asset Management swings to loss in 2020
Najran Cement announces 281.8% higher profit in 2020
Edge partners with US Lockheed Martin to explore opportunities in UAE's aerospace, defence
Tadawul delists gov't debt instruments of SAR 650m
EGX loses EGP 5.3bn in market cap at Tuesday's close
Taiba’s unit ends contractual relationship with Millennium & Copthorne Middle East Holdings
Egyptians can register for COVID-19 vaccine next Sunday
TASI ends Tuesday’s session in green
UAE to provide Germany's Rheinmetall with first designed C-RAM missile system
FRA greenlights MTO for Assiut Islamic Trading.
FRA approves Egyptians for Housing and Development's capital raise
Apollo, GIP bid for $10bn Saudi Aramco pipeline stake
KSA is world’s fifth fastest in container ships handling per hour
GFH acquires mission-critical distribution facility in Chicago for $135m