Latest news

Date Title
Kuwait’s crude oil down to $52.08 pb on Thursday
ADX slides 5% in week
Kuwait cancels coronavirus-free proof for travellers from 10 countries
Coronavirus fears weigh on DFM in week; market cap loses AED 13bn
TASI sinks 161 pts in week; market cap shrinks SAR 107bn
Saudi Arabia names new economy minister
Saudi Arabia reports first recovery from coronavirus
Egypt allocates EGP 8.5bn to build 13 industrial complexes for SMEs
Petrochem profits down 42% in 2019; plans 5% dividends
Egypt Gas gets FRA's approval to double its capital
Southern Cement plans SAR 2.25/shr dividends
GO narrows accumulated losses to SAR 77m
Yanbu Cement plans SAR 1.25/shr dividends
Egypt reopens Djoser Pyramid after being renovated at EGP 104m
Tadawul closes Thursday down 57pts
Kuwait announces first COVID-19 recovery
EGP returns to upward trend against USD on Thursday
Siemens inks 10-year agreement to establish operations in Dubai
Boursa Kuwait’s indices fall in week amid coronavirus concerns
NUPCO launches new brand
Saudi Arabia announces 3 new COVID-19 cases
MSME finances in Saudi Arabia grow 8% in 2019 - SAMA
Egypt’s top 20 industrial exports hit $1.2bn in January
Mindware signs agreement to market Microsoft’s OEM products
Al Madar plans to raise stake in Dar Al Thuraya
Egypt reports 3rd coronavirus case
Egypt’s new tax dispute resolution law cuts late payment fines
ADX closes on negative note for second session in row
DFM down on Thursday's close; market cap nears AED 351.6bn
M&A Brief of the Week
Sharqiyah Water inks deal to build EGP 242.5m wastewater plant
Kuwaiti indices slump on Thursday amid thin trade
CBI’s shareholders to mull raising capital to AED 2.2 billion
Yanbu Cement annual profits up 183% in 2019
Egypt’s non-oil imports down to $4.4bn in January
Egypt Gas annual profit more than quadruple in 2019
World’s largest gold reserve holder voices interest in Egypt’s gold tender
Al Imtiaz Investment’s unit wins KWD 10m tender
MNHD, MINKA agree EGP 1.15bn land sale
Marseilia partners with Namaa to build residential project in Dakahlia
MedGulf turns to profitability in 2019
Maridive takes full ownership of Valentine Maritime
Kuwait’s oil down 85 cents on Wednesday – KPC
Kuwait records 2 new coronavirus cases; toll rises to 58
Heliopolis Housing sells 15 land plots for EGP 171m
ADIB’s board proposes 27.4% cash dividends
Tadawul suspends trading Alujain
Egypt mulls deal to supply new capital with MCV eco-friendly buses
Jazeera Airways plans lower dividends on coronavirus fears
Etihad narrows losses to $870m in 2019
CBE offers EGP 20.5bn T-bills on Thursday
National Cleaning offers lowest bid in KWD 22m KPC tender
Central bank guidelines support UAE economy amid coronavirus – Moody’s
Kuwait Business Town’s profit down 1% in 2019; dividends proposed
Kamco exits $29m investments
Egyptian banks provide EGP 2.8bn to factories – CBE
Raya signs MoU with BelAZ Holding
Egypt bans entry of all Qatari citizens
Tadawul down 32pts at Wednesday’s close
flydubai turns profitable in 2019
KPC evacuates building on coronavirus fears
EGX approves listing Oriental Weavers’ capital-raise shares
CBE receives no new acquisition offers for NBG’s unit in Egypt
Arkan Al Kuwait’s advisor sets share price at 85.8 fils
DIFC FinTech Hive expands business, innovation space
CBE settles EGP 50.9bn non-performing loans
CBE official reveals why mortgage initiative still on hold
GBK appoints new chairman
RIZEK partners with NMC to introduce healthtech in UAE
Cairo Poultry’s profit down 21% in 2019
EGX finalising delisting procedures of UNB Egypt
Mashroak finances over 138K projects with EGP 13bn
DFM maintains negative performance on Wednesday
Kuwaiti central bank lowers interest rates by 0.25%
Number of expat workers in KSA down 0.8% in Q3-19
Kuwaiti indices end Wednesday in red
ADX falls on Wednesday; market cap loses AED 10bn
Major gold mining firms interested in Egypt’s upcoming tender
Abu Dhabi’s real estate transactions record AED 58bn in 2019
Egypt’s MSME finances industrial projects with EGP 1.9bn since 2014
GIH’s investments to rise after new acquisition
Saudi Arabia cuts interest rates by 0.5%
Egypt considers building rolling stock plant in East Port Said
Kuwait banking outlook remains stable in 2020 - Moody's
Egypt, China’s Haier mull manufacturing home appliances
ENOC Misr widens presence in Egypt
SABIC profits down 74% in 2019
URC’s affiliate to build Hessah Towers project
Saudi Cement posts 12.7% rise in profits
Travellers from 10 countries must show coronavirus-free certificates to enter Kuwait
Sharjah Insurance recommends 7% cash dividends
EGX approves listing Speed Medical’s bonus shares
Kuwait’s crude oil closes Tuesday at $53.1 pb - KPC
Eshraq Investments' accumulated losses exceed AED 994m
Egypt looking to sell $500m minority stake in Banque du Caire
Kuwait awards Gulf Cable KWD 6m tender
Injazzat suffers KWD 7m losses in 2019; dividends recommended
CBUAE to cut interest rates by 50 bps
Napesco's profits dip 4% in 2019; dividends proposed
EGX ends Tuesday up on local purchases