Latest news

Date Title
CBE forecast to keep interest rates unchanged in next meeting
Ayyan Investment in talks to raise stake in Al Ahsa Medical
Saudi Arabia records 37% lower savings in 9M
Mawani currently studies 12 BOT contracts
Egypt approves dispute settlement deal between Mopco's unit, Nutrien
Damac to consider raising shareholding in London's Nine Elms in potential acquisition
DFM ends Sunday up; ADX down
Saudi gov’t offers SAR 120m investment opportunity for potato seeds production
Saudi Arabia’s economic targets for FY21 are realistic – Report
ENBD REIT to distribute $5m interim cash dividends
Contact Developments plans to invest EGP 700m in new project in NAC
MM Group raises interest in Ebtikar for Financial Investment
SAMA raises weekly bill offering to SAR 10bn
SIDF pens MoU with France’s BPI to support industrial SMEs
FAO approves KSA’s proposal to declare 2027 the International Year of Date Palm
MNHD rejects acquisition offer of Nasr Company for Civil Works
Egypt’s trade deficit narrows 32.4% in September
Saudi Arabia studies other COVID-19 vaccines
Egypt sees 15% higher VAT revenue thanks to e-filing system
Egypt gets approval to receive $1.67bn loan from IMF
Fitch Ratings affirms ADNOC's rating at 'AA'; outlook stable
CBE offers EGP 16.5bn T-bills on Sunday
Agility's unit inks deal to provide logistics services to Egypt's Gosoor Project
Damac Properties to consider potential acquisition
Dana Gas' Khor Mor Gas Plant achieves new production record level
Aldrees names new chairman
SAPTCO’s Riyadh public transport project to commence operations in Q2-21
Emaar Development names new Chairman
Saudi Amiantit’s rights issue 88.53% subscribed
MedGulf submits capital cut request to CMA
Identifying investment opportunities post-COVID – Interview with Huda Al-Lawati
Arab Cotton Ginning reports 53% lower loss in Q1-20/21
EGX loses EGP 3.78bn in market cap at Thursday's close
Saudi oil exports hit five-month high in October
ADDED allow one-year extension to secure Tajer Abu Dhabi license
KIPIC signs KWD 32.5m Al-Zour deal
Egypt’s FRA approves MTO for Nasr Company for Civil Works
Egypt’s Mashroak finances 158k SMEs with EGP 16.5bn
DFM ends Thursday in green; ADX closes down
DMCC hosts largest rough diamond tender in UAE
Port Said collects EGP 3.08bn customs, taxes in November
El Kahera Housing sees EGP 174m block-trading deal
Saudi Arabia starts COVID-19 vaccination programme
ADNOC considers acquisition of Egypt’s Wataniya Petroleum Company
MNHD to appoint financial advisor to conduct FV report on Nasr Company
El-Sisi approves $500m loan from IBRD to finance social housing
Amer Group begins construction of administrative building in New Administrative Capital
M&A Brief of the Week
CBE offers EGP 18bn T-bills on Thursday
Saudi GDP shrinks 4.6% YoY in Q3
Arabtec Holding files application for liquidation
Target For Real Estate Investment raises sake in Dice in EGP 27m deal
Egypt’s Cabinet approves EUR 200,000 Spanish grant
Egypt builds EGP 5.4bn roads in Aswan during 2020
National Building cancels deal to buy Etihad Al Kharj
TASI ends Wednesday’s session in green
Egypt’s holdings of US Treasuries rise to two-year high in October
KSA licenses 830 factories with SAR 21bn capital in 11M
UAE stock markets end Wednesday’s session higher
KSA receives first shipment of COVID-19 vaccine
Egypt upgrades electricity networks in Qena with EGP 1.6bn in six years
Saudi Arabia to get SAR 25bn in dividends from PIF this year
Etisalat names Hatem Dowidar as new CEO
Egyptian banks’ net foreign assets recover from pandemic-hit lows
Dubai's inflation down 3.7% in November
Saudi finance minister expects budget deficit to drop next year
CIB to hire int'l firm to review controls and lending functions
Egypt reviews payment of EGP 9.9bn in overdue export subsidies
GMG takes over Southeast Asia’s sports retailer RSH
DAMAC Properties says 3% of shares owned by foreign investors
CIB's 9M profit drops 14%
Egypt’s Maait calls for urgent investigation into Alexandria Port warehouse fire
KSA investments in US bonds hit seven-month high in October
Hail Cement’s board approves full settlement of SIDF loan balance
UAE cuts investments in US T-bonds to $29bn in October
SABIC plans SAR 4.5bn in H2 dividends
ANB, Walaa Cooperative pen bancassurance distribution deal
Cotton & Textile Industries Holding Co inks deal to develop unused assets
Target For Real Estate Investment trims stakes in Dice, Golden Coast
Sipchem, Linde team up to develop industrial gases projects in KSA
Sipchem plans SAR 366.7m dividends for FY20
TASI levels down 0.01% on Tuesday
Egypt achieves primary surplus of EGP 5.2bn in 4M
Sipchem CEO to retire
Egypt responds to news about Edfina liquidation
SACO opens new store in Khamis Mushait City
UAE-Bahrain trade exchange hits AED 28.7bn in 2019
ADNOC plans to direct AED 160bn in economy through ICV programme
Saudi ports handle 622K containers in November
ADIB UK provides AED 216m financing for B&Q let retail warehouses in UK
Egypt’s FRA becomes member of Network for Greening the Financial System
Abu Dhabi's Mubadala invests in Asper's Dorothea investment vehicle
Egypt pays EGP 425m for universal insurance claims
Saudi banks stay resilient amid pandemic, says KPMG
Egypt’s exports to Japan surge to $176m in 5M
Abu Dhabi launches AED 524m agricultural investment projects
Saudi Arabia begins registering citizens, residents for COVID-19 vaccination
Alexandria Container names Managing Director; Workers protest bonus cut
UAE's foreign tea trade hits AED 2.89bn in 18M
Arab Cotton Ginning's loss shrinks 81% in Q1 initial consolidated results