Latest news

Date Title
Egypt agrees on EUR 1.128bn transport funding deal with EIB
Nile City Investments to set up new company with EGP 900m capital
TASI extends gains on Monday for fourth day
EGX ends Monday in green; market cap gains EGP 7.2bn
EGP advances against USD to highest level since early March
Saudi Research and Marketing Q3 profit up 10%
Al Babtain Power quarterly profit down 27%
Egypt’s sovereign fund to create more sub-funds
Tassnief maintains Saudi Re’s rating at ‘AA+’
Egypt plans EGP 595bn public investments in FY20/21
Abu Dhabi records AED 151bn non-oil foreign trade in 9M
Egypt pens 14 oil, gas deals since March
Fitch affirms Saudi Arabia’s credit rating at ‘A’
UAE stock markets close Monday up; market cap records AED 11bn
Combined profits of Saudi cement firms climb 39% in Q3
Oil demand likely to fluctuate in upcoming period - ADNOC CEO
Saudi minister launches Water Transmission and Technologies Co
Dubai National Insurance's profits up in 9M
Egypt’s food exports rise to $2.6bn in 9M; KSA tops export destinations
Egypt's economy seen growing 4% annually over four years
UAE reports 1,146 new COVID-19 cases
Al Sagr Insurance chooses SRB to boost growth with Sharia compliance
Ibnsina Pharma acquires 75% of 3elagi Tech
Empower awards AED 164m contract for building Zabeel cooling plant
Court obliges land seller to pay Aseer SAR 202m
Egypt’s non-oil imports drop 14% in 9M
Egypt’s non-oil exports fall to $18.7bn in 9M
Al Yamamah Steel reappoints Youssef Bazaid as CEO
DMCC opens representative office in China
SAGO buys 860K tonnes of wheat
Canal Shipping Agencies sees 68% lower profit in Q1-20/21
Emirates Refreshments sees lower losses in 9M; accumulated losses
Emirates Investment Bank registers losses in 9M
Wafrah Q3 losses up 51%
Al-Jouf Agricultural turns profitable in Q3
CBE offers EGP 8bn T-bonds on Monday
Agthia's board agrees on Senaat's offer to combine with Al Foah
Batic quarterly earnings jump 343%
SATORP sees 63% higher loss in Q3
Agility's net profits dip 50% in 9M
SPIMACO reports 145% quarterly profit jump
Amanat turns to losses in 9M
Al Othaim Markets Q3 profit falls 19%
Zain KSA’s remaining rights issue 469.1% oversubscribed
Allianz SF moves to quarterly loss
Suez Canal Technology's board proposes EGP 1.5/shr dividends
EGX gains EGP 1.58bn in market cap at Sunday's close
Porto Group to invest EGP 20bn in three projects
Egypt Free Shops sees 31% lower profit in Q1-20/21
TASI ends Sunday on positive note for third session in row
Etihad undergoes new organisational structure
Egypt’s new electric train to start operation in October 2021
Egypt sees lower foreign deposits for third consecutive month in September
DFM ends Sunday up; ADX down
Suez Canal Technology posts EGP 535m annual profits
Arabtec's unit wins SAR 145m sub-contract for project in Saudi Arabia
UAE announces 1,111 new COVID-19 cases
Nozha International Hospital's profit falls 24% in 9M
Egypt-COMESA trade exchange hits $3.9bn in 2019
Dubai Startup Hub sees 236% surge in membership in H1-20
Amana Cooperative swings to quarterly loss
EMPC reports EGP 23m profit in 9M
Al Sagr Insurance quarterly loss up 14%
Oman & Emirates Investment's losses deepen in 9M
Pachin’s profit plunges 88% in FY19/20 unaudited financials
Al Rajhi Bank calls off merger talks with MIDF
Credit Agricole Egypt reports 44% lower profit in 9M unaudited financials
Tawzea financially closes Taif’s independent sewage treatment project
M&A Brief of the Week
NMC Health administrator starts filing legal action against Ernst & Young
Egypt sets up two petroleum complexes in Upper Egypt
SABB Takaful Q3 losses widen 108%
Oriental Weavers Carpet reports EGP 608m profit in 9M
Jazadco turns to profitability in Q3-20
BCI sees 26% lower profit in Q3
CBE offers EGP 19bn T-bills on Sunday
SAPTCO moves to SAR 122m quarterly loss
Aljazira Takaful reports 14% profit decline in Q3
FinTech Ripple establishes regional headquarters at DIFC
Saudi Chemical Q3 profits rise 40%
RAK Properties records higher profits in 9M
ACIG quarterly losses up 163%
City Cement proposes SAR140m dividends for H1
Alinma Tokio Marine turns profitable in Q3
Egypt’s textile exports hit $561m in 9M
Coldwell Banker Egypt targets above EGP 10bn third-party sales
GHO Capital-led consortium increases stake in Envision Pharma
Egypt's domestic liquidity rises to all-time high in September
Mardev Developments to invest EGP 1.5bn in residential project in new capital
Deyaar's unreviewed financials show AED 13m profits in 9M
Chemanol losses surge 526% in Q3
Egypt’s gold reserves fall for second successive month
UAE records AED 5.37bn trade balance surplus with Gulf countries
Egypt’s manufacturing index rises 1% in August – CAPMAS
ADX closes Thursday on positive note
Saudi PIF invests $1.3bn in India’s Reliance Retail Ventures
DFM maintains upward performance on Thursday
EGX lists largest securitisation bond issuance worth EGP 10bn
UAE confirms 1,289 new COVID-19 cases
Egypt upgrades electricity networks in Luxor with EGP 460m