Latest news

Date Title
Al Aman Investment’s stock to delist from Boursa Kuwait on merger
Faisal Islamic Bank proposes EGP 565m dividend for 2019
Alexandria Medical Services’ profit edges up in 2019; dividends proposed
Hail Cement turns profitable in 2019
Qassim Cement profits triple in 2019
M&A Brief of the Week
Upper Egypt Flour Mills’ H1-19/20 indicators show 20% drop in standalone profit
UAE’s Corys Investments, GF form JV for Egyptian market
Alinma net profits down 11% in 2019
Americana Egypt gets offer to sell stake in Egyptian Starch & Glucose
eXtra opens largest VR gaming hub in Saudi Arabia
CBE offers EGP 14.5bn T-bills on Sunday
Abyaar to delist from Boursa Kuwait in July 2020
Egypt's bourse launches EGX70 EWI
Arabian Pipes awarded SAR 160m Aramco deal
Amwal International’s unit sells stake in UAE firm for KWD 1.9m
Saudi gov’t enters into SAR 1.6bn facility agreement for water projects
Kuwait crude oil price rises 44 cents pb on Friday
Saudi consumer spending exceeds SAR 1trn in 2019
Dubai Tourism signs MoU with Dubai Land Department
DP World inks MoUs with Chinese company, Dubai South
Bahrain Bourse rises 3% in January 2020
DFM tacks on 25 pts in January; Market cap hits AED 382.5bn
AfDB invests $6.76bn in Egypt
Egyptian gov’t pays EGP 94bn to pension funds
Vodafone deal may have no impact on Telecom Egypt’s operations
ADX gains over 80 pts in January on FAB
EGX indices' performance mixed in January 2020
Banks drag down ADX in week
DFM loses more than 47 pts in week
EGX’s indices rise in week; Market cap gains EGP 10.8bn
TASI falls over 142 pts in January; Market cap drops
Boursa Kuwait’s indices go up in January 2020
Investment boosts Bahrain Bourse in week
Sukari gold production grows 2% YoY in 2019
Kuwait crude oil price levels down by $1.76 pb on Thursday
Saudi int’l reserves record three-year high in 2019
Local deposits in Egyptian banks record EGP 2.95trn in December
Egyptian banks’ foreign deposits shrink 9% YoY in December
Egypt’s domestic liquidity grows to EGP 4.11trn in December
Al-Ahly Exchange receives EGP 12.5bn in foreign currency
Abu Dhabi’s hotels generate AED 1.84bn revenue in Q4-19
USAID grants $125m to Egypt in 2020
United Arab Stevedoring’s loss deepens in H1-19/20
Maaden turns to losses in 2019
Kuwait still clean of coronavirus – Ministry of Health
Madbouly issues decree licensing Egyptian Commodity Exchange
Canadians invest $1.75bn in 559 Egyptian companies
Maaden’s board proposes non-distribution of dividends for 2019
EgyptAir suspends routes to China
CMA approves Saudi Fisheries capital hike
Saudi Chemical appoints new CEO
EGX’s indices end higher Thursday; Turnover hits EGP 2.12bn
TASI up 0.75% at Thursday’s close
Alkhabeer REIT to distribute SAR 0.2/unit
Fitaihi Holding completes SAR 1.45m sale to IMC
Moody’s assigns ‘A2’ IFS rating to Oman Insurance; outlook ‘Stable’
Boursa Kuwait falls on Thursday amid profit taking
Future Investment Initiative reveals date for 2020 edition
ADX maintains downward performance on Thursday
Saudi banks increase investments in gov’t bonds
Egypt attracts $8.5bn FDI in 2019
DFM down on Thursday; market cap falls AED 1.32bn
Saudi mortgage loans value rises 168% in 2019
Arab Drug’s net profits up 104% YoY in H1-19/20
Holding Co. for Pharmaceuticals turns profitable in FY18/19
Aramco lowers propane, butane prices for February
Egypt allocates EGP 5bn to develop 500 villages in FY19/20
DP World to host Breakbulk Middle East for second year in row
General Company for Silos’ indicators show EGP 49m profit in H1-19/20
Merger deal creates SAR 500m fish farming company
Heliopolis Housing’s profit leaps 623% in H1-19/20 on land sale
NEOM signs deal for innovative water desalination project
Al Mazaya suffers KWD 8.8m losses in 2019
Egypt’s trade deficit narrows 25% in November 2019
Aslak appoints financial advisor for capital cut
Orascom Development Egypt names new chairman
Qassim Cement announces SAR 1.1/shr dividends for Q4-19
Egypt Aluminum swings to losses in H1-19/20 unaudited financials
CBE offers EGP 20.5bn T-bills on Thursday
Jarir Marketing’s 2019 profit rises to SAR 985m on smartphone sales
Etihad Rail launches Package A of UAE railway network’s 2nd phase
Bahri’s net profit grows 29% YoY in 2019
Saudi Paper reschedules SAR 160m loan with Riyad Bank
GO’s loss surges 30% YoY in 9M-19/20
Consortium wins contract for Egypt 1st dry port
First phase of Egypt’s New Administrative Capital attracts EGP 300bn investments
Egypt’s food exports register $3.4bn in 2019
Ora Developers to launch EGP 100bn project in New Cairo
Amadeus and Seera renew partnership in tech innovation
Saudi POS sales rise 23% in 2019
ADIB allocates AED 320m financing to clients in UK
Savola turns profitable in 2019; plans SAR 0.3/shr dividends
Telecom Egypt mulls alternatives for investments in Vodafone Egypt
Egyptian expats’ remittances go up $1bn in 4M
EGX’s indices close higher on Wednesday
Lift Slab granted contract for EGP 100m project in Damietta
Vodafone’s business presence in Egypt unchanged on stc deal
Tadawul recovers some losses; closes Wednesday in green
Amlak Finance completes AED 158m project in Dubai