Latest news

Date Title
Egypt’s EETC inks deal to build substation at EGP 295m
Arzan Financial's unit forms new $26.25m company
Kuwait oil price up 13 cents on Wednesday – KPC
ADX maintains downward performance on Thursday
DFM loses 22 pts on Thursday
DP World acquires 51% of Ukrainian TIS container terminal
Egypt to reopen coastal cities with lowest COVID-19 cases for tourists
AMOC moves to loss in 9M
Arabia Insurance turns to profitability in Q1-20
TPAY Mobile acquires Payguru
Egypt extends nighttime curfew, shopping hours
Saudi Vitrified Clay’s profits up 238% in Q1-20
Chubb Arabia sees 62% profit plunge in Q1
Egypt pays EGP 3bn overdue export subsidies in 3M
Emirates NBD: 254 investors buy 101.7m shares
Malath Cooperative Insurance Q1 profits down 39%
Naeem Holding swings to loss in Q1-20
Taiba reports 61% growth in Q1 profit
Jarir Marketing’s earnings up 7% in Q1; dividends proposed
Telecom Egypt reports 19% profit drop in Q1-20
Saudi Enaya accumulated losses at 7.8%
Etihad Airways partners with Aldar to boost Abu Dhabi's tourism
M&A Brief of the Week
Beltone’s losses shrink 74% in Q1-20
CMA cancels Boursa Kuwait’s Wednesday session
Mubadala's AUM amount to AED 853bn in 2019
CBE offers EGP 15bn T-bills on Thursday
Egypt’s cabinet approves 12 oil, gas exploration deals
Wafrah sees 149% higher net profits; accumulated losses
Sharjah Islamic Bank appoints banks to sell $500m Sukuk
Kuwait’s inflation up 1.85% in April
Bupa Investments to raise its stake in Bupa Arabia
Giza General Contracting’s profit drops 49% in Q1-20
EGX loses EGP 4.2bn in market cap at Wednesday's close
Tadawul closes Wednesday on marginal decline
Saudi Cement's board to distribute 15% dividends for H1-20
Allianz SF posts SAR 15m losses in Q1-20
Egypt’s annual core inflation slows down to 1.5% in May – CBE
Bawan’s profit up 1% in Q1-20
Boursa Kuwait falls at Wednesday’s close
Porto Group Holding's shareholders approve bonus issue
Saudi Arabia records 3,717 more coronavirus infections
Kuwait reports 683 new COVID-19 cases
Boursa Kuwait to distribute 25% dividends for 2019
Electro Cable’s profit plummets 92% in Q1-20
Shipbuilding expected to boom on GCC energy ambitions
Saudi trade surplus declines 25% in 2019
ADX closes Wednesday on marginal losses
MM Group’s Q1 profit grows 25%
DFM edges up 0.01% on Wednesday
SAMA supports measures to enhance sector's liquidity
Egypt’s MSMEDA offers EGP 27bn funding in 6 yrs
UAE economy projected to rebound in H2-20 - CBUAE
Int’l funds buy $400m Egyptian T-bills in 2 days
Saudi industrial production index up 7% in April
HSBC finances the UAE's Etihad railway project with $558m
Bahr El-Baqar drainage system secures KWD 75m from AFESD
Kuwait’s crude oil down to $35.33 pb – KPC
United Housing’s profit down 62% in Q1-20
Nasdaq Dubai lists GFH's $200m Sukuk
SAICO swings to SAR 10m loss in Q1
Egypt’s tax revenue from non-sovereign bodies rises to EGP 412bn
Fitch affirms Ras Al Khaimah's rating at 'A', outlook stable
Egypt's annual headline inflation registers 5% in May – CAPMAS
Al Hilal Bank sells Islamic insurance subsidiary to Siraj Holding
DIB sells $1bn Sukuk; oversubscribed 4.5 times
MedGulf records 17% increase in Q1 profits
DP World partners with DGWorld to raise Jebel Ali Port's efficiency
Al Etihad Cooperative’s earnings up 17% in Q1
Upper Egypt Flour Mills reports EGP 96m consolidated profit in 9M
Misr Cement sees 4-fold profit hike in Q1-20
EGX ends Tuesday mixed
Saudi Arabia greenlights electric cars, chargers
Tadawul closes in green for third day in row
Emaar Misr's Q1 profits almost halve on lower revenue
UAE's non-oil trade grows to AED 1.6trn in 2019
Egypt's gold reserves rise to record $3.8bn in May
UAE reports 528 new COVID-19 cases
Boursa Kuwait closes Tuesday higher for fourth session in row
ADX down on Tuesday; market cap records AED 487.28bn
Kuwait’s COVID-19 tally reaches 33,140 on Tuesday
DFM down 1.8% at Tuesday's close
Unicap’s unit seals KWD 3m loan with Boubyan Bank
General Company for Silos posts 15% profit growth in 9M
KSA to host CPhI Middle East & Africa for first time in 2021
Alexandria Customs collects EGP 2.52bn customs, taxes in May
Bank of America to acquire AED 900m stake in Emirates NBD
World Bank forecasts UAE economy to grow 1.4% in 2021
Egypt raises household electricity prices, extends subsidies for 3 more yrs
CI reaffirms Kamco’s credit ratings with stable outlook
Housing Heliopolis’ board reformed
Egypt sells $509m T-bills on Tuesday
Danube Group appoints SirajPower as solar power partner
Egypt’s parliament approves EUR 122.7m funding agreements with EIB
Kuwait C. bank’s bonds oversubscribed 9.93 times
Kuwait’s oil price rises to $37.52 a barrel - KPC
Ibnsina Pharma’s profit up 20% in Q1-20
UAE's CPI drops 1.9% in April
Egypt’s sovereign fund eyes EGP 60bn unused assets
stc Kuwait unveils new digital services for SMEs and Startups