Latest news

Date Title
SIDC turns to losses in Q1-20
Sisi approves Kuwaiti loan to finance Tunnel-Sharm El-Sheikh Road
GASCO posts SAR 33.44m in Q1-20 profit
Wizz Air to have 100 aircraft serving GCC by 2035
Egyptian gov’t investments stand at EGP 113bn in 9M
MedGulf to offset SAR 120m accumulated losses
KSA’s grant of $200m finances 2,176 Egyptian businesses so far
Etihad Airways to link 20 cities via Abu Dhabi from 10 June
M&A Brief of the Week
Yanbu Cement approves 12.5% dividends for H2-19
Egypt reports growth in several sectors in Q3-19/20 despite COVID-19
AXA Cooperative Insurance sees 32% higher profits in Q1-20
Orascom Development inks third school deal for O West
Amazon's PAYFORT to support SMEs in Saudi Arabia, UAE, Egypt
Commercial Facilities’ shareholders approve 18 fils/shr dividend for 2019
NCB launches SAR-denominated Tier 1 Sukuk
CBE offers EGP 14bn T-bills on Thursday
Dubai Investments' OGM approves 10% dividends for 2019
UAE to resume international flight operations across airports
Kuwait National Cinema’s board cuts 2019 dividends
RiseUp invites Egyptian startups to participate in $1.5m competition
Egypt upgrades electricity distribution networks in Aswan at EGP 500m
Egypt cancels EGP 5.3bn in natgas debt owed by factories
Tadawul closes Wednesday in red for second day in row
Jahez platform raises SAR 137m in Series A Funding
Egypt’s local-currency deposits hit a record EGP 3.1trn in April
EGX ends Wednesday in green amid heavy liquidity
Saudi PMI posts 48.1 in May – HIS Markit
Siemens Energy to power Cairo Metro Line 3 extension project
Saudi Arabia confirms 2,171 new COVID-19 cases
Egypt’s non-oil private activity sees softer downturn in May
Air Arabia to cut more jobs amid COVID-19
Tamdeen Real Estate’s board halves 2019 dividends
Boursa Kuwait falls at Wednesday's close
ADX up on Wednesday; market cap reaches AED 481.78bn
DFM gains 15 pts on Wednesday
Kuwait confirms 710 more coronavirus cases, 1,469 recoveries
Kamco Invest approves 2019 dividends
UAE PMI sees fourth contraction in row - IHS Markit
Kuwait Real Estate approves 2019 bonus shares
Nile Cotton Ginning reaches settlement deal with state-run HCCD
SEC, KAUST team up to reduce non-technical power losses
Al Ahleia Insurance to distribute 2019 dividends next week
Abu Dhabi issues $3 billion bonds
Alexandria Customs issues clearance for EGP 2.8bn cars, spare parts in May
Egypt to invest EGP 47bn in Upper Egypt in FY20/21
UAE banks' foreign assets up 3% in April
Egypt makes new oil discovery in Western Desert
GFH reveals market making activity for May
Abu Dhabi Ports establishes new feeder company
Egypt targets EGP 415.2bn overall budget deficit in FY21/22
Saudi Electricity approves 2019 dividends
Al Babtain extends MoU with Saudi Egyptian Industrial
FAB sells $500m Formosa bonds in May
Saudi German Hospital’s profits up 45% in Q1
RAK Ceramics sees 11% lower profits at AED 26m in Q1-20
Kuwait’s crude oil nears $34 pb on Tuesday - KPC
Egypt buys 120K tonnes of Ukrainian wheat
Nile Cotton Ginning settles debt with NBE
Egypt allocates EGP 100.2bn for commodities, services in FY20/21
Saudi POS sales down 33% in April
M&A deals in GCC expected to grow amidst COVID-19 – Report
Women's wealth in Middle East at $786bn with further growth expected
Tadawul closes Tuesday on marginal losses
EGX gains EGP 5.8bn in market cap at Tuesday's close
Mawani launches third shipping line in 2020
CIB temporarily closes 4 branches on COVID-19
Sharjah pumps AED 4bn liquidity to support banking system
Egypt's sovereign fund inks deal to develop Bab Al-Azab area
Honeywell to open gas detector factory in Saudi Arabia
Sharjah launches new dollar-dominated Sukuk
Boursa Kuwait maintains upward trend on Tuesday
ADX up on Tuesday; market cap gains AED 10.23bn
DFM keeps upward performance for second session in row
UAE confirms 596 new coronavirus cases
Kuwait reports 887 more coronavirus cases, 1,382 recoveries
Digital content monetisation firm Telecoming enters Egypt
DFM enables digital transformation via new Smart Services App
Jazeera Airways gives away 50K free tickets to frontline heroes
Egypt cuts fuel, food commodity subsidies in FY20/21
DEWA retenders Hassyan desalination plant
Egypt’s MSMEDA targets EGP 3bn funding in 2020
Egypt's financing needs stand at EGP 987.6bn in FY20/21
EMPG, OLX merger creates AED 3.6bn unicorn
Orascom Investment approves advisory deal with Beltone
Arab Dairy uses all capital raise proceeds
Saudi Arabia’s MIS shareholders greenlight 25% capital increase
DFM's headquarters reopens with 50% of staff
Kima turns profitable in 9M-19/20
Majid Al Futtaim partners with Mr Usta for home services
Saudi Cable agrees SAR 264m debt rescheduling with Al Rajhi
Emirates resumes flights to 8 countries
Kuwait’s C. bank issues KWD 360m bonds, tawarruq
Kuwait’s crude oil jumps $5.63 on Monday - KPC
Tadawul closes Monday on positive note
Saudi gov’t reserve nears SAR 470bn in April
Egypt builds 4 axes in Upper Egypt at EGP 5.3bn
GAFI discusses growth plans with entrepreneurs, startups
Suez Canal Bank completes Midor stake sale for $30.6m
Gulf states GDP expected to contract by 5.9% in 2020