Latest news

Date Title
ADFD extends AED 53m in financing to Bloom Education
Ajman Bank reports lower profits in 2020 initial results
TASI adds 42.22 pts on Thursday
Dubai National Insurance's profits down in 2020
Aldar Estates acquires Asteco Property Management
UAE national banks’ branches reach 541 in Q4-20
UAE stock markets end Thursday in green zone
M&A Brief of the Week
Dana Gas expects completion of Egyptian asset sale deal in H1-21
Insurance House's net profits slid to AED 11m in 2020
Maridive receives $48m acquisition offer for subsidiary
Cost of Red Sea Development's Coral Bloom project estimated at SAR 14bn
Gulf Cement Co's net losses deepen in 2020
EG Bank logs EGP 627m consolidated profit in 2020 initial results
Ericsson becomes STC’s managed services provider in Saudi Arabia
ADNTC's net profits increase to AED 78m in 2020; dividends proposed
Sarwa Capital sees EGP 1.6bn block-trading deal
CI Capital Holding's Taaleem plans IPO on EGX
SAMA to launch instant payments system on 21 February
RAK Ceramics incurs AED 130m net losses in 2020
Beltone Financial Holding sees EGP 900m block-trading deal
NileSat's profit declines 20% in 2020 unaudited results
Work underway to complete final phase of Saudi mills privatisation
Amanat Holdings' initial results report lower net profits in 2020; higher revenues
Egypt approves vehicle replacement incentives
Air Arabia turns to losses in 2020
EGX halts trading on Orascom Investment Holding
CBE offers EGP 20bn T-bills on Thursday
Al Salam Bank – Bahrain registers 57% lower profits in 2020; dividends proposed
CBI sees lower net profits in 2020
Dana Gas records AED 1.4bn losses in 2020
Tihama's quarterly loss up 8.4%
SAIB annual profit jumps 310%
Abdullah Al Othaim sees 16.3% higher quarterly earnings
Egypt allocates EGP 4.1bn public investments for El-Minya in FY20/21
Egypt inks deal with EBRD to build 10th of Ramadan Dry Port
Egypt's core inflation drops to 3.6% in January – CBE
Misr Insurance, subsidiaries log EGP 4.1bn profit in FY19/20
Emaar Malls registers 69% lower profits in 2020
Halwani Bros secures SAR 140m loan from Al Rajhi Bank
Saudi White Cement changes name to Riyadh Cement Co.
Egypt aims to boost renewable energy contribution to 42% by 2035
Mashreq Bank turns to losses in 2020
Yanbu Cement to shut down production Line 4 for upgrade
TASI levels up 0.1% at Wednesday’s close
Pyramisa Hotels posts 44% lower profit in 2020
Egypt’s food exports to China hit $36m in 2020
Abu Dhabi Aviation's profits down 28% in 2020
KSA, Oman most exposed to diminishing fiscal uplift from SWF buffers - Moody's
SAMI announces operation of its new JV with L3Harris Technologies
CBD sees 20% lower profits in 2020
UAE stock markets close Wednesday on varied note
Metito awarded Jubail-II SWRO desalination plant project in KSA
Kima to increase issued capital to EGP 6.46bn
Egypt's FRA mulls Banque Misr's tender offer for CI Capital
DAE's net profits decline to $229m in 2020
Raya Holding's shareholders approve 10-for-one stock split
Credit Agricole Egypt reports 42% lower profit in 2020 initial results
Dubai's Kentech to acquire Toronto-listed SNC-Lavalin's oil, gas businesses
Saudi GAC approves SAMI’s acquisition of Advanced Electronics
Mawani, Hapag-Lloyd partner to increase transhipment containers in Saudi ports
ADNOC awards Japan's Cosmo offshore exploration block in Abu Dhabi
Egypt has no intention to issue more Eurobonds in FY20/21
Elsewedy Electric's unit, Alexandria Petroleum Maintenance ink EGP 126m deal
UAE’s Hope Probe successfully arrives to Mars
Egypt's headline inflation slows down to 4.8% in January
Nokia, Mobily renew managed services partnership in Saudi Arabia
Mubadala wins bid to buy Brazil's Petrobras RLAM refinery for $1.65bn
DXB Entertainments' losses deepen in 2020; AED 7.8bn accumulated losses incurred
Saudi GDP registers growth of 2.8% in Q4-20
Fawaz Alhokair incurs losses of SAR 128.1m in Q3-20/21
Aramex reports 43% lower profits in 2020; 9% higher revenues
Yamama Cement annual profits hike 41.7%
Egypt’s House of Representatives approves $41m grant agreements
CI Capital raises Talaat Moustafa Group's TP on Capital Gardens project
Riyad Bank completes Tier 2 capital-eligible Sukuk issuance
NCB's profits rise to SAR 11.4bn in 2020
Abo Moati quarterly profits down 37%
Suez Canal Container Terminal invests over $900m since 2004
UAE ranks first in GCC, 4th globally in agility emerging markets logistics index
Loans granted by Saudi ADF soar 96% in 2020
TASI ends Tuesday’s session in green
UAE expected to witness strong return to GDP growth in 2021 - CBUAE Governor
Saudi PIF anchors NBK Capital Partners’ private lending fund
UAE stock markets resume upward performance on Tuesday
Al Ahli Bank of Kuwait names new CEO in UAE
Telecom Egypt collaborates with IBM to accelerate digital transformation
Egypt aims to develop 375 villages by 2021-end
Rameda retracts offer to acquire GSK Egypt
UAE announces 3,310 COVID-19 cases
KSA launches initiative to bolster economic relations with some foreign countries
Egypt receives $16.5bn in orders for $3.75bn Eurobond sale
Saudi Arabia starts clinical trials to produce Covid-19 vaccine
Emerald Real Estate Investment's profit down 27% in 2020; bonus issue proposed
ADNEC adds two Anantara hotels to portfolio
Hassan Allam Properties raises stake in SODIC
Nozha International Hospital approves capital raise, stock split
Drake & Scull turns to profitability; restructuring process reaches final stage
Al Yamamah Steel to hike annual pipe production capacity in Jeddah, Dammam plants
Egypt collects EGP 17bn in reconciliation fees for building violations