Latest news

Date Title
Egypt’s textile exports fall to $257m in January
United Housing’s profit grows 26% in 2019
Kuwait C. bank issues KWD 290m bonds, tawarruq
CBUAE lowers interest rates by 75 bps
Emerald sees EGP 63.8m block trading deal
Hadisolb aims to cut losses to EGP 388m in FY20/21
CIB’s shareholders approve issuing financial instruments
Saudi Arabia cuts interest rates by 75 bps
ADX falls by 7.8% on Monday; market cap at AED 385.6bn
DFM closes Monday on negative note
Boursa Kuwait closes Monday down; turnover up 8%
Coronavirus cases in Saudi Arabia reach 118
Kuwait C. bank slashes main interest rate to record low
Egypt nears completion of 1st tower in new capital’s business district
Wafrah narrows annual losses, plans 61% capital cut
First Beirut-bound evacuation flight to depart from Kuwait
Maharah Human Resources achieves SAR 272m profits in 2019
Burgan Bank plans to sell 52% stake in Bank of Baghdad
CBE offers EGP 18.5bn T-bills, bonds on Monday
Securities House finalises legal procedures for merger with Al Aman
Tabreed’s OGM approves AED 0.105/shr dividends for 2019
Yansab approves SAR 1.75/shr dividends
CIB’s shareholders approve 2019’s dividend, bonus shares
Ma’aden appoints new CEO
Kuwait Cable Vision cancels request to delist from Boursa Kuwait
Abu Dhabi introduces 16 economic initiatives amid COVID-19 outbreak
EGX executes block trading deal on Pioneers Holding
Kuwait records 11 new coronavirus cases; toll reaches 123
Egypt allocates EGP 100m for those affected by storm damage
CBE sells EGP 10.6bn T-bills amid higher yields
KCPC profit up 17% in 2019; dividends, bonus shares proposed
Egypt reports 16 new coronavirus cases
Investcorp takes over Coca-Cola Belgium HQ for EUR 88m
Egypt achieves EGP 38bn primary surplus in 8M
DFM closes trading hall to contain coronavirus
DIB’s OGM approves 35% dividends for 2019
Al Enmaa Real Estate’s earnings shrink 71% in Q1-19/20
ADNIC shareholders approve 30% cash dividends
Warba Capital posts 29% lower losses in H1-19/20
Dubai’s CPI down 1.2% in February
Saudi Arabia reports third COVID-19 recovery
Kuwait orders restaurants not to serve more than five at a time
EGX30 plunges 9.3% at Sunday’s close on foreign sell-offs
MaCeen Capital license suspension ends – CMA
Egypt’s FDI grow 16% YoY in Q2-19/20
CBE suspends charges on ATM withdrawals for 6 months
Tadawul closes Sunday in red for third session in row
Jazeera Airways puts entire fleet at disposal of Kuwait
Al Shams Housing proposes EGP 0.10/shr dividend for 2019
GAFI approves 10 projects with $16m investments
Dubai Airports denies suspending all flights
Dice decides to appoint adviser to study capital raise
Egypt announces EGP 187.6m immediate funding to fight coronavirus
Mobily partners with SAP for digital transformation
DAFZA’s foreign trade exceeds AED 164bn in 2019
Egypt raises income tax exemption cap
Boursa Kuwait down on Sunday amid thin trade
NileSat’s shareholders approve 55 cents/shr dividend for 2019
ADX down on Sunday; market cap reaches AED 414.8bn
stc employees to work remotely for two weeks
Emirates NBD Egypt reports EGP 1.76bn profit in 2019
DFM maintains downward performance on Sunday
SAMA supports SMEs with SAR 50bn against COVID-19
Raya Holding moves to loss in 2019
KIPCO raises stake in OSN to 87.6%
Electro Cable to sell 25K-sqm land plot
Tadawul to list Sulaiman Al Habib Group on Tuesday
Sidra Capital Fund to distribute 6% dividends for 2019
NBK Egypt’s shareholders approve EGP 1.25/shr dividend for 2019
Elsaeed Contracting’s profit slips 24% in 2019
Arab India Spices, HFZA agree to build AED 150m silos
Baazeem board recommends 16% dividends for 2019
Raya Contact Center's profit falls 36.5% in 2019
ADX closes trading halls amid coronavirus outbreak
Boubyan Bank’s shareholders approve KWD 14m capital hike
Kuwaiti CMA suspends trading on National Shooting
Aldar, Ma'an ink deal for GCC’s first social impact bond
Cleopatra Hospital’s profit drops 16% in 2019 despite higher revenue
EGX opens Sunday in red; market cap loses EGP 31.3bn
Kuwait reports 8 new coronavirus cases; toll rises to 112
M&A Brief of the Week
Unipack’s profit falls 17% in 2019; dividends proposed
Tamdeen Real Estate’s profit soars 40% in 2019; 10% dividends proposed
CBE offers EGP 20.5bn T-bills on Sunday
Keypoint raises ownership in GFH to 7.8%
Egypt’s coronavirus cases increase to 110
UPAC board approves 45% capital hike
Saudi Aramco logs SAR 330.7bn profit in 2019, declares dividends
DXB Entertainments halts operations over coronavirus fears
Kamco records KWD 3m profit in 2019; dividends proposed
CBUAE allocates AED 100bn to support economy amid coronavirus pandemic
UPAC sees 4% lower earnings in 2019
NREC’s profit up 6% in 2019; plans 5% bonus shares
Saudi Arabia reports 17 new COVID-19 cases
UAE suspends all visas, flights with more countries
Abu Dhabi closes touristic, cultural sites amid coronavirus fears
Egypt closes schools for two weeks
Coronavirus toll in Kuwait rises to 104 cases
Oman halts study in schools, universities
Sharjah’s hotel occupancy rate reaches 66% in 2019