Latest news

Date Title
NMC Health obtains $250m bank facilities
Mabanee’s profits shrink 94% in H1-20
Al Ramz logs AED 47m net losses in H1-20
Saudi customs relaxes restrictions for GCC trucks
Saudi banks’ investments in gov’t bonds down 4.6% in H1-20
Sharjah public beaches reopen amid COVID-19 precautions
ADX closes Monday’s session in green
DFM ends Monday on marginal gains
Sales of leather products in Egypt up 25% during Eid al-Adha
Average Dubai crude oil price rises to $43.278 pb in July
Arada awards AED 423m contract to build phase 2 of Aljada’s megaproject
Saudi Arabia is most attractive GCC destination for FDI in Q1
Fashion sector represents 42% of Forbes’ Women Behind Middle Eastern Brands 2020 list
Dubai Investments’ profits rise in Q2-20
Khaleeji Commercial Bank issues $159m Sukuk
Modon manufactures crude-stabilisation unit for Khurais field
Kuwait records 463 new coronavirus cases
Kuwait to review ban on flights from Egypt – Minister
Saudi Arabia confirms 1,357 new COVID-19 cases
UAE reports 239 new coronavirus cases
Saudi banks exceed maximum loan-to-deposit ratio in Q2-20
DMCC cuts business set-up fees by 50% for diamond companies
Egypt sees record increase in gov’t investment spending
ADX gains over AED 151bn in market cap in July
Egypt requires top taxpayers to issue e-invoices by mid-November
DFM ends July in red as companies report pandemic-hit earnings
UAE’s crude oil exports to Japan down 30% in June
Saudi Arabia records 1,629 new COVID-19 cases
Kuwait's COVID-19 cases total 66,529
Egyptian cabinet denies 25% rise in sale prices at New Administrative Capital
Egypt completes 61% of 'Decent Life' initiative's first phase
UAE announces 302 new COVID-19 cases
Egypt to develop EGP 164bn developmental projects
EGPC's production exceeds 62,000 bpd for first time
EgyptAir receives eighth Airbus A320neo plane
Dubai's inflation rises 0.33% MoM in June
Bloomberg Terminals installed at five universities in Abu Dhabi
EGX executes MTO on Americana Egypt at EGP 231m
Egypt's domestic liquidity hits new record in June
Egypt sees 7.8% budget deficit, 3.8% GDP growth in FY19/20
AMF supports Egypt's reforms with $639m new funding
KSA records 1,759 coronavirus cases, zero cases at holy sites
Egypt’s cabinet approves building investment zone in Uptown Cairo
Talaat Moustafa Group's profit slides 20% in H1-20
Boursa Kuwait indices close Wednesday in red
Region's largest wind farm receives first batch of turbines
SABIC to power its polycarbonate facility in Spain by renewable energy
ADX maintains downward performance on Wednesday
Alexandria Container’s profit down 19% in FY19/20 initial results
ADCB's net profits shrink 48% YoY in H1-20
DFM closes Wednesday down; market cap loses AED 1.69bn
MM Group’s profit falls 21% in H1-20
Tadawul gains 235.1 pts in July
Egypt cuts arrears to foreign oil partners to $850m at end-June
UAE registers 375 new COVID-19 cases
FIPCO posts 29% lower losses in Q2
EFG Hermes announces completion of Fawry stake sale in $50m deal
Sharjah posts AED 6.2bn real estate transactions in H1-20
Saudi POS sales climb 14% in 6M
Egypt’s trade deficit shrinks 36% in May – CAPMAS
ADNOC to cut crude oil nominations in September
CI Capital approves JV with Palm Hills, coronavirus donation
Expat remittances in Saudi Arabia surge 13% in 6M
Egypt Free Shops posts EGP 109m profit in FY19/20
TASI edges up 0.44% in week
Abu Dhabi increases restaurants, cafes capacity to 80%
Edita's profit slips 44% in H1-20
Egypt buys 470K tonnes of Russian, Ukrainian wheat
NBK posts 47% lower earnings in H1-20
Oman Insurance fully acquires Dubai Starr Sigorta
Saudi general reserve shrinks 15% in June
RAK Insurance records higher net profits in H1-20
Inovest H1 profits rise 13%
NBQ sees AED 127m net profits in H1-20
SAMA’s assets down 7.8% in June
Boursa Kuwait announces Eid holiday
Saudi foreign reserves down 13% in June
Attijariwafa Bank Egypt contributes EGP 505m to 3 securitised bond issues
Sharm El-Sheikh and Hurghada receive 26K tourists from 5 countries
Umm Al Qura Cement logs 70% higher earnings in Q2
Kraft Heinz plans EGP 920m investments in Egypt in 5 yrs
SAPTCO’s unit secures SAR 1.1bn loan for Riyadh Buses project
FAB's net profits down 24% in H1-20
Tadawul closes Tuesday higher for third day
Egypt’s Bashrush gas well flows at 32m cfpd
UAE fuel prices unchanged for fifth month in a row
Egypt invests EGP 1.1trn in transportation development in 10 yrs
NBF records 82% lower net profits in H1-20
CBE, EGX announce Eid El-Adha holiday
Saudi, GCC trade exchange down 22% in 5M
Ajman Bank reports AED 43m net profits in H1-20
How prompt action helped Saudi Arabia manage pandemic crisis?
ADX closes Tuesday in losses
Heliopolis Housing approves SODIC's payment reschedule request
DFM keeps positive performance on Tuesday for third consecutive session
Credit Agricole Egypt’s indicators show 46% profit slide in H1-20
UAE reports 369 new COVID-19 cases
Foreign investors inject $3bn into Egyptian debt in 2 weeks
Eastern Co. targets EGP 4.3bn profit in FY20/21
CBI appoints new CEO