Latest news

Date Title
Orouba Misr signs hotel management agreement with AccorHotels
Batelco’s profit rises 3% YoY in 2019
Anaam International’s loss deepens in 2019
Egypt to produce 6,6K MW renewable energy by 2021-end
Arabian Drilling awards modernization contract to Siemens
Kuwait’s inflation up 1.68% YoY in January
Mabany Edris launches EGP 1.25bn project in Egypt’s New Asyut
Al Akaria obtains SAR 100m facilities from SABB
Nile Pharma targets EGP 1.1bn revenue in FY20/21
Tadawul restores 8,000-point level at Thursday’s close
EGX’s indices end in green Thursday
Boubyan Petrochemical gets KWD 17.4m dividend from EQUATE, Kuwait Olefins
UAE-China bilateral trade records $34.7bn in 9M
Qurain Petrochemical reveals dividend share from EQUATE, Kuwait Olefins
Elsewedy Electric to establish new company in Algeria
Kuwait Portland Cement’s profit dips 26% in 2019; dividends proposed
Egypt to allocate EGP 2m for industrial areas in Upper Egypt
Cybersecurity now seen as biggest business risk – KMPG KSA
El Sisi approves KWD 40m loan to develop national power grid
EgyptAir resumes flights to China
Elsewedy Electric’s profit down 19% in 2019
ADX down on Thursday; market cap reaches AED 528bn
DFM up on Thursday amid higher market cap
Qarun Petroleum eyes $170m investments in FY20/21
Mawani issues license for France’s CMA CGM
Arab Moltaqa’s profit jumps 48% in 2019; dividends proposed
El Kahera Housing approves EGP 580m loan from ADIB Egypt
Boursa Kuwait closes Thursday on positive note
EFG Hermes-Citibank to advise TE on Vodafone stake sale option
HDB’s 2019 standalone profit up 20% in unaudited financials
Emerald Real Estate Investment’s offering oversubscribed
Al Madar profits down 91% in 2019
Sharjah National Oil Corporation grants Petrofac $40m contract
NileSat proposes 50 cents/shr dividends for 2019
M&A Brief of the Week
RAK Insurance sees AED 3.5m profit in 2019; bonus shares proposed
Egypt develops 298 unplanned areas – Minister
Herfy profits down 4% in 2019
Telecom Egypt’s profit grows 33% in 2019; dividends proposed
Saudi Steel Pipe narrows losses in 2019
Commercial Facilities’ net profits rise to KWD 13m in 2019
CBE offers EGP 20.5bn T-bills on Thursday
Dar Al Arkan issues SAR 1.5bn unsecured Sukuk
Warba Bank registers 30% YoY higher profit in 2019
Dubai Economy collaborates with 6 banks to share data
Egypt inks 4 MoUs with Belarus
Speed Medical signs MoU to acquire Al Safwa Laboratories
Hotel rooms in Egypt to generate higher revenue in 2020
Moody's downgrades Sharjah’s rating to ‘Baa2’; Outlook ‘Stable’
Abu Dhabi plans to issue AED 10bn infrastructure project tenders
Saudi Arabia sees 4.3% higher wholesale prices in January
EGX approves Delta Insurance’s capital hike
EBRD funds Almarai’s business in Egypt, Jordan
SPM dismisses chairman Fahad Al Dawood
EGX30 adds 0.43% at Wednesday’s close; EGX100 stabilises
PepsiCo invests SAR 11.4bn in Saudi Arabia in 7 yrs
TASI sees highest gains in 29 sessions at Wednesday’s close
ADNOC awards two $1.65bn contracts to Petrofac
Egyptian banks operationalise EGP 50bn middle-income housing initiative
Al Shams Housing’s profits plummet in 2019
Egyptian Commodities Exchange Company to start operations in July 2020
Kuwait Insurance annual profit up 6%; dividends proposed
DMCC opens TRIGEM’s fully certified Belgian diamond facility
Egypt’s GDP growth steady at 5.6% in H1-19/20
Kuwait Investment partially exits EUR 11.5m asset in Germany
ADX up on Wednesday; market cap records AED 531.98bn
DFM maintains negative performance on Wednesday
Speed Medical decides to raise capital by 211%
Kuwaiti indices down on Wednesday amid high turnover
Pachin’s profit sinks 89% in H1-19/20 unaudited financials
Trade surplus between Kuwait, Japan soars 63% in January
KSA raises holdings of US Treasuries to $180bn in December 2019
Four firms to submit bids for 10% stake in Heliopolis Housing
Al Ahli Takaful, Chubb Arabia in initial talks over merger
AT Lease’s profit down 4% in 2019; bonus proposed
Talaat Moustafa Group in talks to build new project in new capital
QNB Al Ahli’s shareholders approve dividends for 2019
Kuwait’s oil dips 77 cents on Tuesday – KPC
Al Moammar’s profit climbs 18% in 2019
GFH to hold 6.3% stake in Dubai’s Marshal; CEO remains
Dur Hospitality proposes SAR 0.5/shr dividends for 2019
Napesco wins KWD 8m tender by KGOC, Saudi Arabian Chevron
Riyad Bank completes 1st offering of int’l sukuk
Kuwait’s holdings of US Treasuries hit $43bn in December
Kuwait National Cinema's profit up 3% in 2019; dividends proposed
CBK: Zero profit registered in 2019, KWD 17m loss incurred in Q4
Abu Dhabi completes AED 1.55bn transport projects in 2019
Three Tadawul-listed telecom companies post SAR 11.27bn profit in 2019
Etisalat’s board proposes 40 fils/share dividends for H2-19
Egyptian gov’t allocates EGP 1.4bn to Smart Campus programme
IFC supports private healthcare sector in Egypt, Morocco
EGOTH signs agreement for EGP 1.5bn 5-star hotel in Luxor
Jazeera Airways announces direct flights to Sharjah
Egypt pays EGP 267.2bn interests in H1-19/20
Speed Medical ups capital to more than EGP 71m
EGX’s indices level down at Tuesday’s close
Arzan’s capital cut postponed on Kuwait’s CMA response
DIPCO wins ruling against Damietta Port Authority
Tadawul closes Tuesday in red
Aqar Real Estate logs 109% higher profit in 2019; dividends proposed