Latest news

Date Title
Saudi Fransi Capital to pay SAR 8.2m in REIT dividends
NCB plans issuing dollar Additional Tier 1 Sukuk
Bahrain's Bank ABC completes acquisition of Blom Bank Egypt for $480m
Talaat Moustafa Group's unit gets approval to develop 5k feddans in Capital Gardens City
Egypt approves power purchase deal for Gulf of Suez wind farm
Egypt Ventures leads $1m funding round for life science startup Nawah
Amer Group’s units complete EGP 607m securitised bond sale
EGX30 rises above 11,400 pts at Thursday's close
Egypt settles EGP 16bn taxes with petroleum companies
Egypt's debt servicing costs drop 8% in 6M
Egypt’s government investments rise to EGP 102bn in H1-20/21
Egyptian banks' balances abroad surge to $20bn at December-end
ITC Launches 5G for Enterprise Customers
UAE stock markets close Thursday in red zone
Egypt achieves primary surplus of EGP 14bn in H1-20/21 despite COVID-19
UAE announces 3,382 new COVID-19 cases
CIRA's profit rises 12% in three months
Domty sees 26% higher sales in Q4-20
Egypt inks MoU with Siemens to build Ain Sokhna-New Alamein electric rail
El-Sisi issues three presidential decrees
NCLE's shareholders nod to 8% dividends
Elsaeed Contracting to build EGP 270m water purification plant in Luxor
M&A Brief of the Week
Saudi Arabia's wholesale inflation rises 5% YoY in December 2020
Egypt inks deal to secure $1.1bn from ITFC
Siemens to build 1,000-km electric rail network worth EGP 360bn in Egypt
CBE offers EGP 20bn T-bills on Thursday
Saudi Arabia sees 5.3% higher inflation rate in December
ADIO opens eight offices in global markets
Ducab appoints new CEO
Egypt ranks second in MENA’s VC investment in 2020
Egypt Aluminum resumes operations at all facilities
EGX ends Wednesday in green; market cap rises EGP 2bn
Saudi Aramco slashes February oil supplies to some refiners in Asia
ADX lists Foodco National Foodstuff on second market
Egypt cuts price of jet fuel to support aviation, tourism sectors
Heliopolis Housing launches auction to sell 270-feddan land plots in New Heliopolis City
UAE's non-oil foreign trade hits AED 1.3trn in 9M
IFA witnesses precautionary seizure by local bank
UAE stock markets maintain upward performance on Wednesday
Saudi Aramco aims to secure $7.5bn loan for oil pipeline investors
Egypt Aluminum’s annual losses exceed capital; employees strike for bonuses
UAE records 3,362 new COVID-19 cases
DAE raises $1.25bn through dollar bonds sale
Raya Holding's board approves stock split
Tabreed's unit partners with ADCP to raise energy efficiency
Hadisolb approves liquidation, disposal of lands to settle debt
Ithmaar Holding partners with Naseej to develop BHD 40m residential project
Arabian Shield proposes 33% capital rise
Ataa Educational's shareholders approve SAR 40m dividends
QNB Al Ahli reports 12% lower profit in 2020
Hassan Allam Properties ups stake in SODIC
DXB's passenger number hits 2m in December
Foodco Holding's unit, Al Ramz Capital ink liquidity providing agreement
Arabtec appoints advisors for two units' potential sale
EFG Hermes closes EGP 700m securitisation bond issuance for Amer, Qasatli, Porto
Talaat Moustafa Group to provide 2m Egyptians with COVID-19 vaccines
EGX gains EGP 760m in market cap at Tuesday's close
IHC's unit acquires 60% of Afkar Financial and Property Investment
Mubasher launches Du platforms with EGP 360m investments
Global Sukuk issuance expected to rise to $140-$155bn in 2021
Dekheila, Ain Sokhna collect EGP 3.3bn taxes, customs in December 2020
CHG invests EGP 1bn in infrastructure, medical technology upgrades since 2015
UAE stock markets close Tuesday in green zone
CBE prohibits banks from paying dividends due to COVID-19 crisis
FAB issues CNY 1.5bn Formosa bonds
Egypt’s food exports hit $3.2bn in 11M
Egypt reopens airspace to Qatari flights
Malath Cooperative maintains Moody’s rating at baa2; outlook stable
EGX halts trading on Hadisolb's stock
Credit Agricole Egypt gets CBE's approval to appoint new managing director
Saudi Arabia looking to issue $5bn bonds
Walaa Insurance proposes capital rise via SAR 775m right issue
Arab Drug’s pretax profit grows 20% in H1-20/21
ADIO partners with Microsoft, Plug and Play to support startups
Egypt expected to produce 1m tonnes of white sugar in 2021 season
Hadisolb to liquidate steel plant, spin off mining operations
stc names new CEO
DP World’s unit inks trade agreement with Israel's Allalouf Logistics
Emaar Malls' CEO resigns
Egypt’s strategic wheat reserves enough for five months
TASI ends Monday in green for third session in row
CBK issues KWD 240m bonds
EGX30 hovers near 11,300 pts at Monday's close
COVID-19 vaccine expected to boost Dubai economy - Dubai Economy
Egypt currently building $7bn oil refineries
Saudi Arabia grants licenses to 903 factories in 2020
UAE stock markets maintain upward performance on Monday
Egypt allocates EGP 4.2bn investments for Damietta in FY20/21
Egypt reveals new tax incentives for MSMEs
Credit Suisse opens branch in Riyadh
UAE's Seven Tides registers $152m sales in Golf Views, Seven Palm
Saudi Arabia plans to build zero-carbon city at NEOM
Mohamed Salah El-Din named chairman of Pachin
DAE hires banks for US dollar bond issuance
Sharjah's Arada sees 35% higher sales in 2020; secures new loans
Six companies bid for Egypt Aluminum’s car wheel rim production line project
NileSat's board approves addition of new activities
Advanced Petrochemical's net profits drop 21.5% in 2020
Egypt’s annual core inflation drops to 3.8% in December 2020 – CBE