Latest news

Date Title
Saee raises $2.4m in funding round
Kuwait’s GDP down to 0.7% in 2019 on lower oil sector growth – IMF
Egypt’s foreign trade drops $358m in Q1-19/20
Arabian Shield renews insurance license
Emirates Islamic’s net profits surpass AED 1bn in 2019
Al Sorayai launches rights issue trading
Egyptian banks’ deposits hit EGP 4.18trln end November 2019
Emirates NBD’s net profits up 44% YoY in 2019
Egypt’s BoP records $227.3m surplus in Q1-19/20
AUB says no official acquisition offer made by KFH to date
China’s Fidu sees 289% YoY jump in Emaar’s projects sales
Al Futtaim Toyota’s sales witness strong performance in 2019
Egypt launches 2 oil tankers with $14m investments
TASI ends Sunday in red; turnover falls to SAR 3.47bn
Saudi Arabia’s trade surplus down 23.5% in November
Saudi citizens, banks invest AED 10.93bn in UAE in 2018
Dubai’s new investors increase 86% in 2019
Tabuk Cement unveils new board; Al Juhni named chairman
Riyad Bank posts 81.2% increase in FY19 net profits
EGX30 edges down at Sunday's close amid foreign sell-offs
Union Properties to ink AED 200m deal to expand Autodrome
Herfy Food sees lower annual profits at SAR 196m in 2019
Bank Aljazira’s board proposes SAR 0.30/shr dividends for H2-19
Egypt’s parliament approves EUR 1.016bn loan to buy 1,300 railroad cars
Egypt seeks to take part in building Congo’s Inga Dam
ADX down on Sunday; market cap exceeds AED 542bn
Egypt’s parliament approves IBRD’s capital raise
Marakez receives $21m offer to exit stake in Syria’s Antaradus
DFM maintains negative performance on Sunday
Egypt approves EGP 28.2bn urgent allocations in H1-19/20
Rameda's revenue rises to EGP 890m in 2019 unaudited financials
Boursa Kuwait down on Sunday
Saudi oil exports dip 15.4% in November - GaStat
Obour Land logs EGP 295m profit in 2019; dividends proposed
Telecom Egypt denies Vodafone stake sale reports
Kuwait Airways takes delivery of new A320neo jet
Abu Qir Fertilizers posts 13% profit drop in H1-19/20 unaudited financials
Arabia Investments Holding raises unit’s capital to EGP 80m
Misr Chemical Industries’ profit falls 76% in H1-19/20 unaudited financials
M&A Brief of the Week
Al Babtain inks SAR 100m loan deal with SAIB
Ajwan announces new board; Youssef Boodai named chairman
Saudi Cable’s remaining rights issue shares 357% oversubscribed
CBE offers EGP 14.5bn T-bills on Sunday
NMC’s board proposes SAR 89.7m dividends for 2019
Sadafco's Q3 profit rises 27%
Alafco to receive $27m from Hong Kong Airlines on ruling
Integrated Logistics wins KWD 4.7m deal by KOC
Yiaco Medical buys land for KWD 5.5m
Etihad Airways receives new Boeing 787 Dreamliner
Oman’s natgas output, imports hit 42.2 BCM in Nov. 2019
Mubadala inks implementation agreement with Uzbekistani gov’t
EBRD invests EUR 5.3bn in Egypt
Sharjah Islamic Bank's net profit grows 7% YoY in 2019
Kuwaiti non-oil exports level up by 9.2% YoY in 2019
Kuwait crude oil price falls $0.6 pb on Friday
FAB pushes up ADX in week; Banking sector rises 1.2%
Banks boost DFM in week; Market Cap gains AED 4.35bn
Lebanese dollar gov’t bonds tumble on Friday
UAE’s e-commerce market totals $18.5bn in 2019
EGX’s indices fall in week; Turnover records EGP 10.4bn
TASI levels down by 0.87% in week; Market cap hits SAR 8.85trln
Emirates Airlines, Emaar named best brands in UAE for 2019
Riyadh hosts world’s first AI Art hackathon
Boursa Kuwait’s indices settle higher in week
Bahrain Bourse tacks on 2 pts in week
Kuwait crude oil price sheds $1.5 pb on Thursday
Moody's affirms ratings of KFH, AUB Kuwait
DMCC enters partnership to launch Crypto Valley in Dubai
Bank Audi reveals details of FAB’s acquisition offer
Fashion 180 alliance plans to invest EGP 10bn in Egypt
Egypt’s ICT sector contributes EGP 93bn to GDP in FY18/19
Raya Holding to expand Egypt’s investments to EGP 150m in five years
Egyptian FRA approves CIB’s capital hike
KSA approves 1st e-commerce association
Tsebo to up investments in Egypt to $50m
Digital transformation, innovation spending to see robust growth in META
SAFCO logs 40.5% decline in net profit in Q4-19
TASI ends Thursday in red amid higher liquidity
Bahraini investments in Egypt amount to $3.2bn
AL Maather REIT Fund seals SAR 31m deal to purchase property
Saudi GAC approves Alhokair’s SAR 340m acquisition of Innovative Union Company
Samba issues $500m notes
UAE’s surplus up to AED 66.3bn in 9M-19
Egyptian gov’t pays EGP 13.2bn under Takaful & Karama programme
Egypt spends EGP 23.5bn to develop unsafe slums
United Real Estate pens KWD 10m loan deal with AUB Kuwait
Saudi Kayan swings to losses in 2019
ADX maintains positive performance on Thursday
EGX approves listing Emerald Real Estate Investment's shares
Kuwaiti indices up at Thursday’s close
Taiba pens deal with Hilton to operate new hotel
Egyptian-Swiss cooperation totals CHF 86m in 3 yrs
DFM retreats on Thursday for second session in row
EQUATE Group announces 1st batch of Viridis 25 ready
TAMEER targets EGP 3.5bn sales from 2 new projects
Moody’s sees stable outlook for Egyptian banks on strong growth, liquidity
Kuwait’s trade surplus with Japan down 6.8% in 2019
FAB confirms talks to acquire Bank Audi’s branch in Egypt
IsDB’s portfolio in Egypt stands at $12.8bn