Latest news

Date Title
Kuwait cuts March oil prices to Asia by $0.6
Egypt’s annual core inflation accelerates to 2.7% in January – CBE
Bank Albilad plans 5% dividends for H2-19
Damac Properties swings to loss in 2019 preliminary financials
Al Rajhi profits grow 170% in 2019
ADNIC logs AED 284m net profits in 2019
Kuwait’s foreign reserves at $39.9bn by end of 2019
Riyad Bank creates $3bn Sukuk programme
First Takaful predicts earnings from exiting Turkey’s Neova Sigorta
Famco UAE launches first uptime Volvo centre in Middle East
NCLE acquires Al Khawarzmi Education in SAR 30m deal
Zain KSA announces 28% capital cut
Egyptian pound records highest level in 3 years
TASI closes Monday in green
Etihad Cargo partners with WebCargo for digital air cargo expansion
DMCC, Al Khaleej Sugar, Universa team up to develop sugar trade
Fine evaluates 4 locations for a new paper mill
SAPAC to build 20-km fence for Qiddiya
Khaleeji Commercial Bank turns to BHD 15m loss in 2019
Egypt leaps 6 spots in Agility’s 2020 emerging markets logistics index
CBI’s net profits fall to AED 111m in 2019
Agthia records AED 137m net profits in 2019
Egypt inks new oil, gas exploration deal with Wintershall Dea
GACA signs contract for new Al Baha airport
KfW’s investments in Egypt hit EUR 1.1bn
ADX maintains upward performance on Monday
King Salman receives GCC Secretary General
DFM up on Monday; market cap reaches AED 380.13bn
Bahrain begins chairing FGCCC
Kuwaiti indices close Monday mixed; turnover exceeds KWD 30m
Air Arabia’s net profits records AED 1bn in 2019; dividends proposed
Hussein Abu Saada named CEO of Egyptian Resorts Co
Kahira Pharmaceuticals posts 29% profit hike in H1-19/20 unaudited financials
Saudi Arabia sees great growth in e-commerce – Minister
Egypt completes 85% of Sakan Misr in New 6th of October City
Aramex sees AED 497.5m net profits in 2019
Kuwait C. bank's foreign assets top KWD 19.2bn in December 2019
Egypt pumps EGP 7.3bn investments in Qena, Sohag
Juhayna’s profit falls 19% in 2019; dividends recommended
NBK Egypt’s profit rises 8% in 2019; dividends proposed
Skywalk Developments launches EGP8bn project in 6th of October City
CBE offers EGP 7bn T-bonds on Monday
Egypt’s annual headline inflation rate steady at 6.8% in January – CAPMAS
Al Othaim Markets profits rise 88.7% in 2019
Kuwait Investment’s profits skyrocket 78% in 2019; dividends proposed
UAE’s Tristar signs $24m LNG deal with BP
Egypt’s parliament approves EUR 540m loan for Cotton & Textile Industries
DFM’s net profits fall to AED 121m in 2019; dividends proposed
Tadawul, Edaa issue draft rules for short selling, stock borrowing
Tadawul issues AlBilad Saudi Sovereign Sukuk ETF terms
EGX30 hovers above 14,100 pts at Sunday’s close
TASI closes Sunday at lowest level since December
Egypt builds 5 technology universities
Alhokair Group CEO resigns
CI upgrades Burgan Bank’s ratings
Anaam Holding board raises capital hike to SAR 90m
Al Sorayai discloses update on rights issue
Egypt to launch commercial register services for banks via i-Score
Emaar Malls sees AED 2.286bn net profits in 2019
Al Imtiaz Investment comments on 'unit buying $61.2m asset in US' news
Emirates NBD chosen most valuable brand in UAE; second in MEA region
NBK partners with Zain to support largest SME clientele in Kuwait
Egypt’s gold reserves up $123m in January amid coronavirus worries
ADX up on Sunday; market cap reaches AED 532.30bn
Boursa Kuwait ends Sunday negative; new index down 0.54%
DFM ends Sunday with negative performance
GBK’s profits up 12.2% in 2019; dividends proposed
Emirates Insurance’s net profits reach AED 140m in 2019
Uber Eats expanding across Saudi Arabia in 2020
NBE, QNB Al Ahli arrange EGP 1.8bn loan for Concrete Plus
Al Imtiaz Investment’s unit wins KWD 18m deal in South Mutlla City
UAE’s fuel delivery app CAFU to expand into Egypt
Abu Dhabi Ports to expand Sir Bani Yas Cruise Beach at AED 100m
GCC's leading electronics brand Nikai starts operations in Egypt
Batic’s unit obtains SAR 79m loan from Emirates NBD
AM Best affirms Kuwait Insurance’s rating ‘A-’; outlook 'Stable'
Al Kathiri achieves 72% higher profits in 2019
GIH’s unit takes over food firm at KWD 800K
Alexandria Medical Services to raise capital via bonus issue
Advanced Technology inks KWD 4m deals with ministry, university
M&A Brief of the Week
DXB Entertainments reports AED 2m adjusted EBITDA profit in Q4-19
Abo Moati opens new iLahui store in Riyadh
Talaat Moustafa Group appoints vice CEO
Al Rajhi REIT to distribute SAR 34m cash dividends
NBF reports 10% lower net profits in 2019; dividends proposed
Integrated wins KWD 5m Qatari deal, inks KWD 7m contract with KOC
Budget Saudi logs SAR 179m profit in 2019; H2 dividends proposed
CBE offers EGP 14.5bn T-bills on Sunday
AUB records 4.7% higher profits in 2019; dividends proposed
Muscat Clearing & Depositing to apply blockchain technology
Oman C. Bank to issue OMR 150m gov’t bonds
CMA lists 1st REIT Fund on Boursa Kuwait
Expo 2020 Dubai inks agreements with UAE's interior, defence ministries
Sanad Aerotech signs cooperation agreement with Ethiopian Airlines
Kuwait crude oil price goes down by 82 cents pb on Friday
Raya Holding plans to invest EGP 600m in 2020
Egyptian gov’t inks 34 agreements to pay arrears
Kuwait sees sluggish growth in Q3-19 on oil output cuts – NBK
Egypt’s inflation records 6-yr low in 2019