Latest news

Date Title
UAE's cars trade records AED 115.2bn in 2019
Al Nahdi Medical inks deals to provide 400m face masks
EFG Hermes selected as advisor on Amer Group’s securitised bonds
Top 100 Arab family businesses include 36 Saudi firms - Forbes
Boursa Kuwait up at Sunday’s close
National International Holding EGM approves KWD 23m capital hike
Suez Cement moves to loss in Q1-20
IsDB lists $1.5bn Sukuk on Nasdaq Dubai
stc cancels 50% of overdue bills
DFM closes Sunday on marginal losses
CBE launches EGP 7bn funding guarantee initiative for large companies
Careem partners with Visa to promote cashless payments
SVC signs investment deal with venture capital fund
Pioneers Holding’s profit down 41% in Q1-20
KSA approves EGP 200m grant to finance 5 new projects in Egypt
Saudi Arabia conducts over 1.5m coronavirus tests
Ajman Free Zone increases procurement support to investors
Palm Hills, Taaleem pen MoU to build private university in Badya
Egypt Free Shops targets EGP 77m profit in FY20/21
Zahrat Al Waha starts installing 2 plastic preforms production lines
Methaq Takaful accumulated losses near 31% of capital
Sidpec swings to loss in Q1-20 on lower sales
Qasatli, EFG Hermes ink EGP 1.8bn securitised bond issuance deal
Al Samaani greenlights capital hike, FY19 dividends
Boursa Kuwait to resume suspended operations
Emirates to operate flights to 7 additional cities
Tadawul resumes trading on NCB, Samba shares
CBE offers EGP 13.5bn T-bills on Sunday
Sulaiman Al Habib proposes SAR 0.50/shr dividends for Q1
Saudi Arabia to apply new VAT on e-commerce sales
Agility to invest in Tortoise's private offering
Al-Jouf Agricultural receives approval for land ownership
Emirates Refreshments elects new chairman, CEO
Egypt's cabinet approves offering 40m cloth masks through ration cards
NCB, Samba sign deal for potential merger
EgyptAir to resume flights to 29 destinations early July
Metal and Recycling OGM approves KWD 10m loan from Agility
Tadawul closes Thursday up following news on NCB, Samba merger
Saudi Arabia reports 3,372 coronavirus infections on Thursday
Schlumberger inks training deals with 4 Egyptian universities
Saudi NCB considers $13bn takeover of Samba Group
Rubex International gets FRA’s approval on capital raise
Saudi SDB signs cooperation deals to boost freelance work
Tadawul suspends trading NCB, Samba stocks
ADX down on Thursday; market cap loses AED 5.2bn
DFM maintains downward performance on Thursday
UAE confirms 430 new COVID-19 cases
Nine Saudi factories provide 2.5m face masks daily
Egypt’s agricultural exports rise to 3.5m tonnes YTD
Hadisolb inks partnership deal with Ukrainian firm on Bahariya Oasis project
UAE seeks to lead global gold, diamond trade
CBUAE draws AED 34.15bn excess liquidity in 5M
Palm Hills borrows EGP 365m from AAIB, Banque Misr
Rameda receives export orders for COVID-19 drug Anviziram
Dubai attracts AED 10bn FDI projects in 5M
M&A Brief of the Week
Saudi merchandise exports slide 59% in April
CBE offers EGP 15bn T-bills on Thursday
Al Etihad Cooperative approves no dividends for 2019
DP World forecast to sell $1.5bn perpetual Sukuk
IMF raises projected growth for Saudi economy in 2021
GGICO expands accumulated losses to AED 1.7bn in Q1-2020
MIS extends SAR 204m loan with SABB
Egypt seen among world's top 30 economies – IMF
EBE obtains $15m loan from Sanad Fund for MSME
Al Samaani, NAQUA sign SAR 33m logistic service deal
EGX gains EGP 10.6bn in market cap at Wednesday's close
Egypt upgrades Giza’s electricity networks with EGP 436m
TASI sheds 0.7% at Wednesday’s close
Coronavirus cases in KSA exceed 167K on Wednesday
Egypt explores expansion plans with Samsung
Egypt extends deadline for gold exploration tender
El-Molla follows up on 3 petroleum refining projects with $2.8bn investments
Emirates temporarily suspends flights from Pakistan
Boursa Kuwait indices attain gains Tuesday
ADX gains AED 2.77bn on Wednesday
DFM down on Wednesday; market cap reaches AED 296.3bn
DGCX to launch first FX Rolling Futures contracts in July
Maait denies imposing new taxes on e-commerce purchases
Amer Group awaits approval for 45-feddan land allocation in New Minya
Telecom Egypt inks protocol to build tech infrastructure for public sector businesses
UAE's 5G stations reach 2,200 in Q1-20
Saudi wholesale price index falls to 15-month low in May
Saudi inflation up 1.1% in May
Raya Holding's units redeem EGP 136m securitised bonds
MSCI to promote Boursa Kuwait to emerging market in November
Sharjah Islamic Banks lists $500m Sukuk on Nasdaq Dubai
Saudi Tourism Development Fund names CEO
EFG Hermes, Egypt’s sovereign fund to conduct due diligence on aiBank
Fujairah's Al Taif Business Centre construction nearly completed
Moderate growth in Saudi cement sector amid COVID-19
CBE requires banks to notify customers when removed from blacklists
Egypt expects 4% economic growth by year-end
NADEC obtains approval to own gov’t provided land
Emirates NBD begins cutting 800 jobs
DIB sells $300m in 2026 Sukuk tap
Advanced Petrochemical plans SAR 141m dividends for Q2-20
Kuwaiti bank assets down first time in 6M
CBE expected to keep interest rates unchanged on EGP depreciation
Al Kout to distribute 50% dividends for 2019