Latest news

Date Title
Al Baraka Bank - Egypt logs EGP 1.07bn profit in 2019; dividends proposed
Mubasher Capital Holding mulls acquisition options in Egypt
CBE offers EGP 14.5bn T-bills on Sunday
UAE’s district cooling sector’s profit amounts to AED 1.5bn in 2019
Aramco receives regulatory approval for development of Jafurah field
Moody's downgrades Lebanon's credit rating; outlook 'Stable'
Saudi gov’t inks MoU with Italian Export Credit Agency
Kuwait suspends flights from Iran
Kuwaiti banks to close for 3 days
Kuwait crude oil price reaches $58.59 pb on Friday
Agility registers KWD 86.8m profit in 2019
Three UAE-listed energy companies post 64% YoY higher profits in 2019
Egypt, Nigeria to establish new company for gas cylinders
Lower oil prices, higher public spending boost Kuwait’s budget deficit – NBK
RTA, Careem launch bike sharing service in Dubai
ADX loses 5.2 pts in week
DFM tacks on 4 pts in week
Saudi Al-Jafoura field’s annual production to reach 2.2 Tcf in 2036
EGX’s indices shrink in week; Market cap loses EGP 5.1bn
EgyptAir adds 9th Airbus A220-300 to its fleet
TASI goes up 133 pts in week; Market cap gains SAR 140bn
Boursa Kuwait’s indices fall in week
Commercial banks boost Bahrain Bourse in week
Transfers among UAE’s banks record AED 948bn in January 2020
Kuwait crude oil price grows by 56 cents on Thursday
Egypt hires 4 int’l banks for 1st green bonds
Egypt C. bank maintains interest rates
Saudi Aramco’s Fadhili plant to up gas supplies to 12.2 BSCF
Egypt sells EGP 20.5bn T-bills on Thursday
UAE’s foreign currency assets hit AED 400bn in January 2020
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