Latest news

Date Title
Oman backs deeper oil output cut until June-end
GFH Capital acquires $250m hospitality portfolio in US
ADX ends week in red; Market cap loses AED 5bn
DFM loses 21 pts in week
TASI falls 193 pts in week; Market cap totals SAR 8.55trn
AEEDC Dubai 2020 witnesses sealing of $3.5bn deals
Brooge eyes expansion in UAE’s Fujairah
Raya Holding to launch 3 companies with EGP 15m capital
Commercial banks weigh on Bahrain Bourse in week
Egypt gov’t converts 25k cars to run on natgas in H1-19/20
Egypt connects 724k houses to national gas grid in H1-19/20
Ooredoo posts 1% YoY higher profit in 2019
Egypt to launch EGP 6bn electronic connectivity project
Egypt’s int’l reserves rise to $45.45bn in January 2020
Egyptian gov’t launches EGP 350m water project in El Beheira
Saudi gov’t inks deal with Virgin Hyperloop One
Raya Holding eyes EGP 600m securitised bond issue
South African fund acquires 5.8% stake in Speed Medical
National Industries’ KWD 30m bonds assigned ‘BBB-’ rating
GB Auto denies coronavirus’ impact on its operations
Moody's assigns A2 rating to Riyad Bank's $3bn Sukuk
Beltone’s rights issue 98.7% covered
Boursa Kuwait ends week in red amid thin liquidity
EBRD provides $82m finance for green investments in Egypt
Al Yamamah Steel narrows losses in Q4
TASI down 0.5% at Thursday’s close
Dubai National Insurance’s board recommends 35% cash dividend
Saudi banks show profitability resilience – Fitch
Suez Canal Bank considers providing EGP 400m syndicated loans
UAE’s sovereign infrastructure investments granted tax exemptions in India
DFM down on Thursday amid lower market cap
The Economist expects Egypt’s GDP growth to accelerate in 2020
Saudi FDA allows new coronavirus detecting technique
10 Egyptians on Forbes Mideast’s list of powerful businesswomen
Boursa Kuwait closes Thursday in green; turnover down 15%
Dubai National Insurance’s net profits rise to AED 58m in 2019
Lift Slab proposes 150% capital raise
ADX up on Thursday; market cap records AED 532.15bn
MENA’s PR industry likely to double current $1bn value by 2030
KFH to change AUB’s name to ‘KFH Bahrain’ following merger
Nozha International Hospital proposes capital raise via bonus issue
Delta Insurance’s profit jumps 51% in H1-19/20 unaudited financials
Al Habtoor to inaugurate new original office in Hungary
ITFC allocates $1.1bn funding to Egypt’s energy, internal trade in 2020
Boursa Kuwait to launch new 'BK Main 50 Index' Sunday
Egypt-Switzerland cooperation portfolio hits EUR 48m
Kuwaiti crude down $0.29 Wednesday; global futures rise
Lower sales weigh on Arab Engineering Industries’ profit in 2019
Saudi Arabia bans all travel to China over coronavirus outbreak
KFIC inks KWD 1.5m term loan deal
Saudi Cement plans 20% dividends
CBD logs 20.5% higher net profits in 2019
United Real Estate signs KWD 38m credit facility agreements
CBE offers EGP 20.5bn T-bills on Thursday
First Takaful Insurance to sell stake in Turkish affiliate
ADFD funds AED 24.6bn projects in Africa
EGYCOPP opens new branch in Nairobi
Al Rajhi Capital cuts Almarai’s TP, remains ‘Neutral’ on stock
Egypt considers investing over EGP 1.63bn to build youth centres
Egypt gov’t consents to MoU with ACWA Power
Egypt plans to launch EGP 175bn road projects
Saudi Sulaiman Al-Habib Medical reveals IPO details
Egyptian Cabinet approves $2.9m grant from S. Korea
Banque Saudi Fransi annual profits surge 122%
Deem Finance partners with Network International to issue new credit cards
Batelco teams up with du to launch 5G int’l roaming in UAE
EGX’s indices settle higher on Wednesday
Al Suhaimi named Tadawul chairwoman for new term
Castle Development inks agreement for EGP 750m project
Dubai Insurance FY19 profits grow to AED 76m
TAQA’s profit slides 41% in 2019 unaudited financials
Egyptian banks ripe and ready for acquisitions – Bloomberg
Tadawul closes Wednesday in red
Tadawul could see three IPOs in H1 – Report
Egypt in talks with Bombardier to build new factory
KFH officially submits acquisition offer to AUB
Egyptian gov’t procures drug for rare disease affecting children
ENOC aims to open 22 new service stations in UAE in 2020
KGL’s unit offers lowest bids for KWD 5m tender by KIPIC
NEOM to be world’s first city offering digital healthcare – CEO
Misr Italia Properties 1st to deliver projects in new capital
Kuwaiti indices slid on Wednesday; turnover up 8.4%
ADX falls on Wednesday amid AED 233.5m turnover
DFM closes Wednesday higher
Egypt’s textile exports exceed $3bn in 2019
Kuwait says no official ban on Chinese imports recommended to date
EG Bank logs EGP 658m profit in 2019; dividends proposed
ADX teams up with FTSE Russell for tailored domestic indices
mada carries out 38m transactions through 6m cards in 2019
Egypt, Singapore trade exchange hits $1bn
SAMA presents draft bancassurance rules
Kuwait’s trade surplus hits KWD 679m in October; down 14.2% in 10M-19
Telecom Egypt to hire bank to study Vodafone stake sale option
Alujain shareholders approve changing name, activity
Amwal International’s profits dip 20% in 2019; no dividends proposed
Mulkia Gulf REIT raises capital by 13.5%
Arabian Centres profits down 60% in 3M
NBE cuts interest rates on personal loans, Murabaha by 1%
Nozha International Hospital gets licence to build new hospital in New Cairo
Kuwait oil plummets $1.25 on Tuesday – KPC