Latest news

Date Title
Dubai banks see 5% higher assets in H1-20
CBE offers EGP 7bn T-bonds on Monday
UAE banks' investments in debt securities hit AED 263.7bn in June
Albilad Capital to distribute SAR 204.9m dividends for August
Bupa Investments buys SAR 504m stake in Bupa Arabia
Dubai likely to issue US dollar-denominated Sukuk, conventional bonds
Saudi foreign reserve assets rise by over SAR 2bn in July
Salama sells 4.5m shares in Saudi joint stock company
SAMA’s assets down 6.1% YoY in July
Kahira Pharmaceuticals sees 28% profit rise in FY19/20
GCCIA inks deal with Hitachi ABB to optimise power infrastructure
Tadawul closes Sunday up by 0.62%
DFM approves BH Mubasher as Market Maker
Egypt launches four commodity warehouses with EGP 12bn investments
UAE banks' assets record AED 3.19trn in June 2020
Egyptian parliament approves EUR 336m agreements with EBRD, AFD
HyperOne inaugurates New Sphinx branch with EGP 650m investments
Saudi Muqassa commences operations
Governmental Services Authority generates EGP 1.2bn from 145 auctions in FY19/20
Egypt partners with Denmark to invest in renewable energy
Electro Cable’s profit edges down in H1-20
ADX ends Sunday with marginal gains
UAE confirms 362 new COVID-19 cases
DFM closes Sunday down; market cap loses AED 1.66bn
Middle and West Delta Mills logs EGP 180m profit in FY19/20
Qalaa Holdings cuts stake in ASCOM
Millennium Information Solution launches international operations in Dubai
Egypt’s PM appoints Sherif Seif El-Din as anti-corruption advisor
Minapharm Pharmaceuticals reports 156% profit hike in H1-20
Misr Chemical Industries posts over 31-fold jump in July profit
PetroGulf's unit inks AED 144m contract with ADNOC
Arabian Centres launches three cinemas, expects 13 more within year
UAE ranks first among GCC countries in economic diversification
EBE's profit inches down in FY19/20
GASCO cancels gas extension investment plan with Omani firm
CBUAE's foreign assets hit AED 377.2bn in June 2020
CBE offers EGP 18bn T-bills on Sunday
Northern Cement's board proposes 2.5% dividends distribution for H1-20
Goldman Sachs joins Tadawul as derivatives exchange member
Alinma Saudi Government Sukuk ETF to distribute dividends
CBUAE's gold bullion balance exceeds AED 6.58bn for first time
Waha Capital launches income generating Islamic fund
DEWA Digital partners with G42 to foster AI innovations in UAE
EGX gains EGP 1.7bn at Thursday's close
Yahsat invests AED 2bn to build Thuraya 4-NGS
TASI ends Thursday's session down; turnover at SAR 9.28bn
Nile Cotton Ginning’s profit surges seven-fold in FY19/20
Investors awaiting launch of Saudi derivatives market next week
Expo 2020 Dubai partners with Gates Foundation to support innovators
CIRA reveals impact of 25% bus fee refund on financial results
UAE records 491 new COVID-19 cases
Sidpec moves to loss in H1-20 unaudited results
Saudi foreign minister arrives in Iraq
Egypt secures $500m funds, grants to combat COVID-19
ADX resumes positive performance on Thursday
NWC builds two water tanks in Rimah for SAR 27m
Arab Dairy’s profit sinks 75% in H1-20
DFM ends Thursday down; market cap loses AED 2.29bn
Saudi oil revenue slides 42% in H1-20
M&A Brief of the Week
MNHD inks EGP 1.1bn syndicated loan deal with CIB
HDB’s consolidated profit down 5% in H1-20 initial results
Hub71 partners with Silicon Valley-based TechWadi to attract US startups
Egypt, Mercosur to see 600 goods exempt from duties starting September
Misr Hotels sees profit halve in FY19/20; dividends proposed
NBE, Pharmaoverseas ink protocol to support healthcare projects
ENBD REIT's NAV declines to $215m in Q1
UAE's fuel prices to remain unchanged in September
EFG Hermes, GB Auto acquire majority stake in Tokio Marine Egypt
ACIG shareholders approve 29.5% capital reduction
CBE offers EGP 19.5bn T-bills on Thursday
Buruj CEO, financial manager suspended
Dar Al Takaful's OGM approves AED 5m dividends
SEC secures SAR 9bn Murabaha loan from local lenders
China's medical supply exports to UAE surge 357% in Q2-20
Saudi Arabian Amiantit to cut 30.2% of statutory reserves
UAE sees lower inflation rate in July
SAMA renews Al Ahlia Insurance licence
Salama Cooperative Insurance swings to SAR 29m quarterly profit
Egypt extends rent exemption for coffee shops at tourist attractions
Nile Cotton Ginning’s profit leaps 703% in FY19/20 initial results
TASI ends Wednesday's session higher
Emirates adds Conakry and Dakar to its African network
EGX ends Wednesday mixed
Riyad Capital to pay SAR 34m REIT dividend for H1
UAE announces 399 COVID-19 cases
Coronavirus pushes Saudi transport sector to SAR 264.7m quarterly loss
Egypt’s cabinet initially approves VAT incentive scheme
Bank of Bahrain and Kuwait considers acquiring Ithmaar Bank
SEC implementing projects to save 60m oil barrels per year
DMCC launches e-marketplace for agricultural commodities trading
Egypt's parliament greenlights $743m housing, sanitation funding deals
ADX maintains downward performance on Wednesday
Banque du Caire’s IPO unlikely in 2020 – Chairman
DFM loses 16 pts on Wednesday
Jeddah Islamic Port handles SAR 51bn worth of cargo in 7M
Middle East on track for digital growth - Interview
Egypt’s FRA approves Memphis Pharmaceutical’s EGP 200m capital raise
Port Said Customs collects EGP 2.2bn dues in July
Alexandria Pharmaceuticals proposes EGP 57.5m dividends for FY19/20