Latest news

Date Title
CBE extends two tourism initiatives until December 2021
Silicon Valley’s Diamond Foundry opens international office in DMCC
Jazadco inks binding deal to acquire Jazel Investments for SAR 410m
Saudi Paper's EGM agrees SAR 100m capital raise
Alexandria Customs issues clearance for EGP 5.7bn cars, spare parts in November
Emirates Refreshments' OGM nods to maximum limit for foreign ownership
ASCOM's board approves debt restructuring deal with Banque Misr
CBE offers EGP 8.5bn T-bonds, $1bn T-bills on Monday
UAE considers creating UAE Good Delivery Standard, federal gold platform
ADIO provides AED 152m incentives to three AgTech companies
Fawaz Alhokair obtains commercial franchise rights from France's Decathlon
Raya Holding in talks to sell BariQ
Egypt’s int’l reserves hit $39.221bn in November – CBE
du to open two outsourcing data centres in Dubai, Abu Dhabi
KSA to announce registration mechanism for coronavirus vaccination soon
Egypt allocates EGP 6bn annual investments for renewable energy
Dubai sees 42 government entities joining Paperless Strategy
Bupa Arabia to provide health insurance services to NCB employees, families
Raya Holding eyes over EGP 500m investments in 2021
Egypt expects 500 exporters to receive overdue subsidies by mid-December
Saudi banks’ net foreign assets fall to six-month low in October
Egypt among 25 most resilient countries in facing COVID-19 – Bloomberg
Dubai directs district cooling companies to cut customers' bills
TASI ends Sunday's session on negative note
Binghatti Hospitality launches new brand in Dubai
DFM maintains positive performance on Sunday; ADX exceeds 5,000-point level
Raya Holding to invest in a new venture capital fund
Saudi Aramco raises official January crude price to Asia
Sheikh Mohammed bin Rashid issues decree to appoint DIFC's higher board
REDF empowers over 73K Saudi women to own homes
Kafr El Zayat Pesticides approves credit facility from Al Baraka Bank
Dubai Economy, Zoho partnership supports 500 businesses in Dubai
Reedy Group plans EGP 11-15bn real estate investments in five years
Egypt’s domestic liquidity hits new record of EGP 4.8trn in October
Abu Dhabi banks invest AED 19bn in debt securities in 9M
Raya Holding to proceed with acquisition of i2, URC
Axilion Smart Mobility opens regional headquarters in Dubai
Egyptian banks remain exposed to medium-term risks – Fitch
Tamheer programme supports 3 new occupations in bid to nationalise jobs
Dubai CommerCity partners with Magento, Redbox to boost e-commerce growth
Elsewedy’s unit inks EGP 193m deal to build Delta regional control centre
Dubai to host GITEX Technology Week on 6-10 December
JADCO, TADCO approved as members of Seed Producers Committee for 5 years
CBE offers EGP 19bn T-bills on Sunday
Tadawul down in week; market cap loses SAR 14.7bn
Amlak Finance sells 3.7m shares
Al Ahlia Insurance, Gulf Union merger comes into effect
Agility's unit wins contract to manage workers' return to Kuwait
Advanced Petrochemical’s unit receives approval on SAR 3bn loan from SIDF
Leejam inaugurates new women's fitness centre in Riyadh
Electro Cable's shareholders approve one-to-five stock split
EGX ends Thursday mixed; market cap gains EGP 1.2bn
CBE to offer $1bn T-bills next week
TASI ends Thursday in red; NomuC rises
KSA’s NWC pens first management deal with Saudi-French-Filipino consortium at SAR 198m
UAE launches Falcon's Eye satellite to celebrate National Day
Three Saudi airports ranked as safest among Mideast, Africa airports
Egypt’s poverty rate falls for first time since 1999
Egypt inks STATCOM installation deal worth EGP 431m
Loans granted to Saudi gov’t bodies, private sector hit record high in October
Saudi bank deposits rise to record high in October, nears SAR 1.9trn
Egypt extends ban on sugar imports for three months
Kima's board proposes EGP 2bn capital increase
Raya Holding approves subsidiary's proposal to acquire two companies
Filipino labour in GCC records $3.7bn remittances in 9M
Oriental Weavers Carpet receives EGP 235m under export support initiative
Saudi PIF seeks up to $7bn loan for new investments
Centamin plans $595m investments in Sukari mine over three years
Ten brokerage firms acquire 84% of Tadawul’s turnover in November
Juhayna appoints Seifeldin Thabet as acting chairman
Egypt's private sector growth softens in November on COVID-19 concerns
Aljazira Capital remains positive on Saudi cement sector
CBE offers EGP 20bn T-bills on Thursday
MedGulf CEO resigns
Saudi PMI sees third successive rise in November as virus impact eases
M&A Brief of the Week
MIS secures SAR 500m loan from Al Rajhi Bank
Foreign investments in Egypt’s debt instruments hit $23bn – Maait
Juhayna’s stock slides 6.4% after chairman’s arrest
Egypt to receive $1.6bn tranche from IMF by December-end
Egypt aims to increase food exports to Kuwait to $130m
TASI extends losses on Wednesday for second day
EIC announces liquidation of unit
Dur Hospitality inaugurates new Holiday Inn and Suites hotel in Jubail
Juhayna continues to operate normally after chairman's arrest
Legal Advisors, Baker McKenzie advise on gig’s acquisition of AXA's Mideast business for $474.8m
Egypt aims to secure 20m COVID-19 vaccine doses
Egypt makes e-invoicing mandatory for state-run firms as of July 2021
SCZone’s investments grow to $18bn
SABIC develops two products to support pharma industry
Aldar currently manages gov't projects worth AED 5bn - Interview
Bank ABC in exclusive talks to acquire Blom Bank Egypt
Egypt’s public investments rise to EGP 595m – Minister
Ora Developers inks EGP 2.5bn loan deal with four banks to finance ZED West
Egypt extends deadline for reconciliation over building violations until 2020-end
Eni inks deals to reopen Damietta LNG plant by Q1-21
Marakez opens new mall in Egypt with EGP 260m investments
KSA’s new Chambers of Commerce System enhances business competitiveness
Saudi Amiantit’s EGM approves capital cut, increase
Egypt’s El-Molla expects oil prices at around $50 pb until 2021-end