Latest news

Date Title
ADX closes Thursday on biggest daily gains in 10 years
Boursa Kuwait extends emergency measures against COVID-19
Heliopolis Housing eyes EGP 1.2bn profit in FY20/21
Egypt extends tax-filing season for individuals
DFM maintains positive performance for second day in row
Zain approves 33 fils/shr dividends for 2019; elects board members
GMPC’s shareholders give nod to 10% dividends
Egypt orders restaurants, shops, clubs to close at night
TAQA's accumulated losses reach AED 1.64bn in 2019
Domty logs EGP 156m in 2019; dividends proposed
Lower energy prices to cut down production costs – Ezz Steel
Egypt gives insurance policyholders extra grace period for premium payment
Kuwait reports 6 new COVID-19 infections; total at 148
M&A Brief of the Week
Kuwait’s crude oil down $2.14 on Wednesday – KPC
CBE offers EGP 20.5bn T-bills on Thursday
ADCB elects new chairman, vice chairman
Ataqa expected to see lower production costs
Tabuk Agricultural Development approves 46% capital cut
Research firm sets EFG Hermes' FV at EGP 23.4/shr
ADCB’s OGM approves paying out 38% dividends
Egypt’s coronavirus cases reach 210
Mashreq Bank appoints new head of operations
Acico’s earnings up 12% in 2019; no dividends proposed
Aldar’s OGM approves 14.5 fils/shr dividends for 2019
Kamco exits $10m investments
KSA orders Aramco to set output at 12.3m b/d
Tadawul up 0.8% at Wednesday’s close
Enppi-Petrojet consortium completes SUMED Ain Sokhna Product Hub
L'azurde turns to losses in 2019
Yamir Equities sells stake in Egyptians for Housing for EGP 79.6m
Misr Iran Bank keeps interest rates on savings certificates unchanged
EGX ends Wednesday in red despite cutting stamp taxes
UAE banks assets hit AED 3trn in February
Telecom Egypt extends January landline bill payment period
NBF’s shareholders approve 10% dividends, 3.5% bonus shares
Aqar agrees one-year Murabaha facilities with Boubyan
Egypt’s mortgage firms ordered to extend repayment period
ADX gains 76 pts on Wednesday; market cap up AED 12.3bn
Boursa Kuwait's indices mixed on Wednesday
Egypt begins evacuating citizens from Kuwait
DFM recovers, closes Wednesday in green
Saudi Paper appoints new CEO, chairman
Rameda sees EGP 14m block trading deal
Egypt cancels fees on online tax system
NBE to cooperate with Fawry in digital payment solutions
EFG Hermes conducts $55.9bn brokerage transactions in 2019
Maharah Human Resources’ board agrees on 32% dividends
Egypt’s FRA extends deadline for filing financial statements
MEPCO yearly profits down 94% in 2019
EPCCO profits up 159%, plans 15% dividends for 2019
Egypt cuts bourse trading fees
CBUAE issues regulation for dormant accounts
Egypt to develop storm-hit areas with EGP 750m
Al Othaim Markets to distribute 15% interim dividends
Kuwait's trade surplus with Japan down to 3M-low in February
EFG Hermes’ profit grows 33% in 2019 on higher revenue
Tadawul completes inclusion in FTSE Russell EM index
NBE, Banque Misr keep interest rates on fixed-rate certificates steady
Savola Group posts SAR 475.6m in 2019 profits
Property Finder sees hike in Dubai’s real estate transactions in Q1-20
Egypt to pay EGP 1bn in export subsidy arrears in March, April
Kuwait’s crude oil slumps to $31.89 pb on Tuesday – KPC
Egypt lowers industrial energy costs, bourse stamp tax
COVID-19 cases in Kuwait up to 142
Kuwait reports 3 new COVID-19 recoveries
ADX, DFM lower limit down to 5%
Egypt’s coronavirus cases rise to 196
Kuwait adds 5 more countries to quarantine list
Combined Group’s unit in UAE awarded AED 296m tender
National Investments’ earnings up 46% in 2019; dividends proposed
Tadawul closes Tuesday in green
Arab Sea turns profitable in 2019; requests moving to Tadawul
Egypt suspends export of alcohol, masks
CMA approves eXtra’s capital hike request
FRA approves Zahraa Maadi's EGP 132m capital hike
Arabian Centres approves $1bn sukuk
EgyptAir not to halt local, cargo flights
Reacap gets FRA’s approval to raise issued capital
Aldar launches AED 100m programmes
Kuwait donates $40m to WHO, offers assistance to 3 countries
EGX extends losing streak at Tuesday’s close despite rate cut
Egypt expected to cancel EGP 9.9bn loans under CBE’s initiative
Rate cut to inject EGP 100bn into market – Banking official
Kuwait’s crude oil slides to $32.16 pb on Monday – KPC
stc posts SAR 10.7bn profits, plans SAR 300m share repurchase
National Industries posts 8% profit rise in 2019; dividends proposed
Saudi Arabia’s US Treasury holdings up to 5-month high in January
Aqar Real Estate receives KWD 2m credit facilities
NBK to distribute dividends on 30 March
Kuwaiti indices close Tuesday on mixed note
ZonesCorp attracts AED 350m investments in 2020
Egypt's tourism sector to incur $1bn monthly losses on flight suspension
Egypt allocates EGP 242bn for women in 18M
Kuwait’s oil revenues down 17% in 11M
ADX down on Tuesday; market cap records AED 365.2bn
Saudi Arabia reports 15 coronavirus cases
DFM ends Tuesday’s session on negative note
Telecom Egypt raises internet bundles by 20% to support e-learning
Saudi CMA suspends personal attendance in general meetings