Latest news

Date Title
Saudi Arabia sees great growth in e-commerce – Minister
Egypt completes 85% of Sakan Misr in New 6th of October City
Aramex sees AED 497.5m net profits in 2019
Kuwait C. bank's foreign assets top KWD 19.2bn in December 2019
Egypt pumps EGP 7.3bn investments in Qena, Sohag
Juhayna’s profit falls 19% in 2019; dividends recommended
NBK Egypt’s profit rises 8% in 2019; dividends proposed
Skywalk Developments launches EGP8bn project in 6th of October City
CBE offers EGP 7bn T-bonds on Monday
Egypt’s annual headline inflation rate steady at 6.8% in January – CAPMAS
Al Othaim Markets profits rise 88.7% in 2019
Kuwait Investment’s profits skyrocket 78% in 2019; dividends proposed
UAE’s Tristar signs $24m LNG deal with BP
Egypt’s parliament approves EUR 540m loan for Cotton & Textile Industries
DFM’s net profits fall to AED 121m in 2019; dividends proposed
Tadawul, Edaa issue draft rules for short selling, stock borrowing
Tadawul issues AlBilad Saudi Sovereign Sukuk ETF terms
EGX30 hovers above 14,100 pts at Sunday’s close
TASI closes Sunday at lowest level since December
Egypt builds 5 technology universities
Alhokair Group CEO resigns
CI upgrades Burgan Bank’s ratings
Anaam Holding board raises capital hike to SAR 90m
Al Sorayai discloses update on rights issue
Egypt to launch commercial register services for banks via i-Score
Emaar Malls sees AED 2.286bn net profits in 2019
Al Imtiaz Investment comments on 'unit buying $61.2m asset in US' news
Emirates NBD chosen most valuable brand in UAE; second in MEA region
NBK partners with Zain to support largest SME clientele in Kuwait
Egypt’s gold reserves up $123m in January amid coronavirus worries
ADX up on Sunday; market cap reaches AED 532.30bn
Boursa Kuwait ends Sunday negative; new index down 0.54%
DFM ends Sunday with negative performance
GBK’s profits up 12.2% in 2019; dividends proposed
Emirates Insurance’s net profits reach AED 140m in 2019
Uber Eats expanding across Saudi Arabia in 2020
NBE, QNB Al Ahli arrange EGP 1.8bn loan for Concrete Plus
Al Imtiaz Investment’s unit wins KWD 18m deal in South Mutlla City
UAE’s fuel delivery app CAFU to expand into Egypt
Abu Dhabi Ports to expand Sir Bani Yas Cruise Beach at AED 100m
GCC's leading electronics brand Nikai starts operations in Egypt
Batic’s unit obtains SAR 79m loan from Emirates NBD
AM Best affirms Kuwait Insurance’s rating ‘A-’; outlook 'Stable'
Al Kathiri achieves 72% higher profits in 2019
GIH’s unit takes over food firm at KWD 800K
Alexandria Medical Services to raise capital via bonus issue
Advanced Technology inks KWD 4m deals with ministry, university
M&A Brief of the Week
DXB Entertainments reports AED 2m adjusted EBITDA profit in Q4-19
Abo Moati opens new iLahui store in Riyadh
Talaat Moustafa Group appoints vice CEO
Al Rajhi REIT to distribute SAR 34m cash dividends
NBF reports 10% lower net profits in 2019; dividends proposed
Integrated wins KWD 5m Qatari deal, inks KWD 7m contract with KOC
Budget Saudi logs SAR 179m profit in 2019; H2 dividends proposed
CBE offers EGP 14.5bn T-bills on Sunday
AUB records 4.7% higher profits in 2019; dividends proposed
Muscat Clearing & Depositing to apply blockchain technology
Oman C. Bank to issue OMR 150m gov’t bonds
CMA lists 1st REIT Fund on Boursa Kuwait
Expo 2020 Dubai inks agreements with UAE's interior, defence ministries
Sanad Aerotech signs cooperation agreement with Ethiopian Airlines
Kuwait crude oil price goes down by 82 cents pb on Friday
Raya Holding plans to invest EGP 600m in 2020
Egyptian gov’t inks 34 agreements to pay arrears
Kuwait sees sluggish growth in Q3-19 on oil output cuts – NBK
Egypt’s inflation records 6-yr low in 2019
Oman backs deeper oil output cut until June-end
GFH Capital acquires $250m hospitality portfolio in US
ADX ends week in red; Market cap loses AED 5bn
DFM loses 21 pts in week
TASI falls 193 pts in week; Market cap totals SAR 8.55trn
AEEDC Dubai 2020 witnesses sealing of $3.5bn deals
Brooge eyes expansion in UAE’s Fujairah
Raya Holding to launch 3 companies with EGP 15m capital
Commercial banks weigh on Bahrain Bourse in week
Egypt gov’t converts 25k cars to run on natgas in H1-19/20
Egypt connects 724k houses to national gas grid in H1-19/20
Ooredoo posts 1% YoY higher profit in 2019
Egypt to launch EGP 6bn electronic connectivity project
Egypt’s int’l reserves rise to $45.45bn in January 2020
Egyptian gov’t launches EGP 350m water project in El Beheira
Saudi gov’t inks deal with Virgin Hyperloop One
Raya Holding eyes EGP 600m securitised bond issue
South African fund acquires 5.8% stake in Speed Medical
National Industries’ KWD 30m bonds assigned ‘BBB-’ rating
GB Auto denies coronavirus’ impact on its operations
Moody's assigns A2 rating to Riyad Bank's $3bn Sukuk
Beltone’s rights issue 98.7% covered
Boursa Kuwait ends week in red amid thin liquidity
EBRD provides $82m finance for green investments in Egypt
Al Yamamah Steel narrows losses in Q4
TASI down 0.5% at Thursday’s close
Dubai National Insurance’s board recommends 35% cash dividend
Saudi banks show profitability resilience – Fitch
Suez Canal Bank considers providing EGP 400m syndicated loans
UAE’s sovereign infrastructure investments granted tax exemptions in India
DFM down on Thursday amid lower market cap
The Economist expects Egypt’s GDP growth to accelerate in 2020
Saudi FDA allows new coronavirus detecting technique