Latest news

Date Title
Banks weigh on DFM at Sunday's close
Continental reappoints EUT as sole distributor in UAE
DFM celebrates Emirates NBD’s new shares issuance, listing
Egypt sees rapid growth in startup investments
Hadisolb’s losses widen 106% in Q1-19/20 unaudited financials
Talaat Moustafa’s unit gears up to issue EGP 2bn sukuk
DP World boosts tourism via deal with MSC
CBE issues EGP 18.5bn T-bills on Sunday
Boubyan Bank offers $158m to acquire BLME Holdings
Dubai’s ports receive 808,000 passengers on commemoration, national days
Spain’s Finsa Middle East opens new regional office in Dubai
Kuwaiti non-oil exports fall 0.9% YoY in November
Commercial sector drags down property sales in Kuwait – NBK
Egypt to launch 12 investments zones to attract EGP 78bn
Saudi Arabia, Kuwait to resume production from joint oilfields “very soon”
Wider industry downturn affects Aramco’s valuation – Minister
Saudi Arabia to add 167,000 bpd to its oil output cut quota
Aldar Properties boosts ADX in week
DFM loses 17 pts in week; Market cap hits AED 365.7bn
Saudi Aramco shares to kick off trading next Wednesday
Saudi Aramco’s retail IPO 154% oversubscribed
Egypt’s NOMP, IDWT to establish new water treatment firm
EGX’s market cap loses EGP 10bn in week
Boursa Kuwait’s indices see positive performance in week
Bahrain Bourse rises over 20 pts in week
Kuwait’s oil minister rebuffs reported OPEC agreement on supply cuts
Investment ministry delivers 30 industrial units in Mit Ghamr
Kuwaiti oil barrels settle 1.61% higher on Thursday
Saudi-Russian trade exchange grows 54% in 9M–Novak
US tops Egypt’s export destinations in 10M–GOEIC
Kuwait International Airport’s passenger traffic rises 10% in November
EGX approves Rameda’s capital raise
Egypt’s tax dispute resolution bill referred to parliament
CMA approves Anaam Holding capital reduction request
Al Rajhi Capital discloses details on REIT IPO
Tadawul resumes gains on Thursday
Kenya mulls CIB’s request to acquire controlling stake in Mayfair Bank
Al Deera proposes KWD 12.8m debt settlement plan
Egypt’s exports rise 2.3% YoY in 10M/19
Combined Group wins $65.6m contract in UAE
Sahar Nasr inaugurates City Centre Almaza with $580m investments
KSA trade with Arab countries nears $29bn in 9M
NBK Egypt agrees with ILO to build biogas, fertilisers units
Majid Al Futtaim eyes raising investments in Egypt to EGP 44bn
Egypt’s foreign reserves jump $2.8bn in 11M
Shamal Az Zour’s IPO subscribed 1.27 times; allotment concluded
ADX ends Thursday near stability
Boursa Kuwait ends Thursday in green
Samih Sawiris acquires Thomas Cook’s German franchise network
DFM stabilises at Thursday’s close
Sipchem, Linde ink strategic partnership agreement
Sisi approves EUR 290m funding deal to purchase 100 locomotives
Rameda’s stock to start trading on EGX on 11 December
M&A Brief of the Week
Alinma, UAQ launch SAR 17bn real estate fund
Sidpec targets EGP 6.9bn investments in 2020
UAE high-profile developers join China’s property expo 2019
Heliopolis Housing approves in principle Zahraa Maadi’s purchase offer
Al Sagr signs deal with Maharah Human Resources
SAPTCO sells 350 old buses for SAR 32m
Castle Development invests EGP 1.1bn in Landmark Phase I & II
CMA approves Ash-Sharqiyah capital hike
Heliopolis Housing receives purchase offer for 250-feddan land
Egypt launches EGP 50bn middle income mortgage funding initiative
Moody’s affirms KFH’s credit ratings, ‘stable’ outlook
CBE issues EGP 19.25bn T-bills on Thursday
Kuwait oil settles at $62.82 pb
Boursa Kuwait kicks off Thursday in red
Kuwaiti banks' foreign assets grow 6.39% in October–C.bank
Egypt’s cabinet launches EGP 100bn industrial sector initiative
Egypt’s e-finance to determine IPO date late December
Arabnet Riyadh 2019 is packed with initiatives – CEO Interview
Anaam Holding board proposes capital hike
Buruj to distribute dividends on 16 Dec
CMA approves Sumou share offering
TASI closes Wednesday in red
Rameda’s public offering 36.3 times oversubscribed – Sources
EGX ends Wednesday in green; market cap gains EGP 7.9bn
Kuwait’s DGCA halts operations in T3
RiseUp Summit 2019 to kick off Thursday at AUC New Cairo
Dubai IEDC, Saudi Islamic Economics Institute sign cooperation pact
Kuwait’s FX reserves grow 5.23% in October
Egypt’s HCWW owes EGP 21.6bn to NIB, electricity ministry
GCC chemical industry achieves $84bn in 2018
Kuwait’s CMA resumes promotional tour in US
UAE’s Majid Al Futtaim eyes further expansion in Egypt, Saudi Arabia
Rameda’s consolidated profit dips 59% in 9M
Jazeera Airways to start direct flights to Dammam, expands other connections
Boursa Kuwait’s equities reverse decline on Wednesday
Partnerships essential for region’s petrochem - SABIC
Egypt’s El Nasr Automotive eyes output capacity of 25,000 EVs
ADX closes Wednesday in green zone on Blue chips
STC tops MENA region’s digital companies
DFM gains 17 pts at Wednesday’s end
Egypt’s gold reserves fall $119m in November
Rameda’s private offering oversubscribed by 117%
Gulf Air, Middle East Airlines ink codeshare agreement
Abu Dhabi Airports awards retail spaces to Lulu Group
Mohandes Insurance to raise capital by EGP 37.5m via bonus shares
Mohandes Insurance registers 25% YoY hike in consolidated profit Q1-19/20