Latest news

Date Title
Americana Group, Cairo Poultry complete sale of Egyptian Starch & Glucose
Kuwait’s crude oil up 62 cents on Monday – KPC
Elsewedy Electric's unit pens EGP 209m deal to build substation in Fayoum
FAB, Bahrain Clear ink custodian agreement
Ora Developers inks deals with Orascom, Banque Misr for ZED Phase I
Takween Industries restructures SAR 429m loan
Edita’s profit falls 33.5% in Q1-20 on lower sales
Mubadala plans to issue 3-tranche bonds
Aramco registers SAR 26.5bn profits in Q1-20
Moody’s maintains Egypt’s rating at B2; outlook stable
ADNOC Distribution witnesses 31% lower profits in Q1-20
IMF approves $2.77bn emergency support for Egypt
Arzan Financial to add Market Maker to business activity
Kuwaiti plane with medical supplies arrives from China
EGX ends Monday mixed; market cap drops EGP 2.6bn
Saudi Arabia coronavirus cases reach 41,014
Egypt launches initiative to offer tourism businesses 5% interest loans
Egypt pays out EGP 369m in irregular labour aid to defaulting beneficiaries
KSA orders voluntary additional oil output cut
CBUAE, ADGM to jointly organise FinTech Abu Dhabi 2020
NMC's CFO leaves UAE in repatriation flight to India
Tadawul returns to losses on Monday
Kuwait logs 598 more coronavirus cases; tally at 9,286
EGX executes MTO on Egyptian Starch & Glucose at EGP 420m
ADX gains AED 2.88bn on Monday
Tadawul announces nine-day Eid holiday
Boursa Kuwait extends losses on Monday
DFM ends Monday's session on red note
Cleopatra Hospital expects 50% profit growth in Q1-20
Remittances from expats in Kuwait hit KWD 4.4bn in 2019
UAE launches digital service for 20% rental rebate
EIPICO’s profit down 13% in Q1-20 unaudited financials
Number of ATMs in UAE down 6.5% in Q1-20
Saudi Arabia raises VAT in face of COVID-19 crisis
AIH names new chairman of Kahromika
UAE announces Eid Al Fitr holiday for public sector
Egypt establishes 97 petroleum projects with EGP 1trn – Report
Saudi Aramco adjusts fuel prices
Majid Al Futtaim postpones opening of new mall in Sharjah
Egypt builds 16K developmental projects with EGP 2.2trn – Minister
ACWA Power completes partnership with Silk Road Fund
CBE offers EGP 7bn T-bonds on Monday
Orascom Development to gradually reopen El-Gouna hotels by mid-May
CBI denies financial exposure to Phoenix Commodities
Kuwait raises June crude prices for Asian markets
Egypt’s annual core inflation rises to 2.5% in April – CBE
Trading Sumou Real Estate shares begins today
Emirates Investment records AED 6m losses in Q1-20
Al Mazaya’s unit sells property in Dubai for AED 77m
Kuwait’s balance of payments records KWD 821m surplus
Saudi IPI down 3.3% in March
Aramco to reevaluate SABIC deal – Report
Saudi Arabia records 1,912 coronavirus cases
Egypt’s finance ministry approves EGP 12.5bn urgent allocations in March, April
Egypt’s gold reserves rise to record high in April on coronavirus worries
ADNOC sets Murban crude's selling price for June delivery
Tadawul closes Sunday in green
Kuwait’s coronavirus cases rise by a record 1,065
Elsewedy Electric's unit inks EGP 119.8m transmission line contract
Musharaka REIT fund to acquire property with AED 46m
M&A Brief of the Week
First Takaful completes exit from Turkey’s Neova Sigorta
MNHD inks EGP 2.1bn syndicated loan deal
ADX up on Sunday; market cap reaches AED 455.8bn
CIB donates $7m to support efforts against COVID-19
Mezzan approves 15 fils/shr dividends for 2019
DFM loses 21 pts on Sunday
Boursa Kuwait down on Sunday; turnover at two-month low
UAE banks' foreign assets hit AED 791.6bn in Q1-20
Ibnsina Pharma injects EGP 250-300m new investments annually
UAE confirms 781 COVID-19 cases
Banque Misr, NBE collect EGP 121bn from 15% yield certificates
Advanced Technology inks 3 deals at KWD 7.4m
ADNOC Distribution inaugurates 4 new fuel stations
CBE mulls extending EGP 100bn initiative to contracting sector
Zamil's shareholders approve SAR 50m share buyback
Pioneers Holding obtains FRA's approval to acquire 5 units
SACO records 39% decline in Q1 profits
AIH’s shareholders approve subsidiary’s capital raise
Abu Dhabi to reopen some shopping centres this week
Egypt develops internal roads at Mostord Petroleum Area with EGP 21.7m
CGC profit down 29% in 2019; proposes 5% bonus shares
CBE offers EGP 19bn T-bills on Sunday
Senergy Holding's losses up 793% in 2019
Emirates sees 28% lower profits in FY19/20
Egypt’s annual headline inflation registers 5.9% in April
Al-Manar Financing names new CEO
Munshaat Real Estate swings to profits in 2019
Kuwait to shut down banks on Monday
NADEC turns profitable in Q1-20
Kuwait begins full curfew for 20 days
Egypt cuts GDP growth target to 4.2%
ADIB's net profits drop 55% in Q1-20
Egypt sets up monorail management company
Egypt extends nighttime curfew until end of Ramadan
Aramex's net profits fall 38% in Q1-20
Tadawul closes Thursday on second decline in row
ADCB's net profits slide 82% in Q1-20
Kuwait records 278 more coronavirus cases, 162 recoveries
Boursa Kuwait drops in week; market cap loses KWD 651m