Latest news

Date Title
Boursa Kuwait’s indices close higher on Thursday
Raya Holding considers delisting from EGX – Chairman
DFM ends Thursday’s session down
ADX loses 51 pts on Thursday
KIPIC’s Al Zour petrochemical complex may cost $8bn
Saudi Ports issues new rules for container ships
Sharm El Sheikh to host African Economic Conference early December
Emerging market outlook for 2020 turns negative - Moody's
Mubadala-Boeing relations reinforced via internship programme renewal
M&A Brief of the Week
EFIC mulls merger with Suez Company for Fertilizer Production
Gulf North Africa sells over 1m shares in QInvest
GSK Egypt to launch 2 production lines with EGP 100m investments
Al Rajhi Capital maintains Alhokair TP at SAR 22/shr
Orascom Construction reports $5.2bn backlog in 9M
Al Kharafi buys KWD 33m stake in Gulf Cable
Emirates NBD’s rights issue closes Thursday, oversubscribed by 2.8x
Egypt converts 17,000 vehicles to bi-fuel operation in 4M
SAMA orders ACIG to raise statutory deposit
Orascom Construction’s consolidated profits total $100.3m in 9M
Al Samaani recommends 66.7% capital hike, 5% dividends
Ooredoo Group's unit to pay $9.38m interest payment in December
Reacap aims to raise real estate investments
Kuwait crude oil price falls $1.2 on Wednesday
Boursa Kuwait’s indices show varied performance at Thursday’s opening
Al Mommar in talks to acquire Fingerprint Consulting
Egypt’s economy seen growing 5.8% in FY20/21 – Economist
GFH to exit partner from project under dispute on court ruling
Fawry’s board approves doubling subsidiary’s capital
TASI closes Wednesday in green
EGX ends Wednesday mixed; CIB drops 1.6%
Reportage Properties says 50% of under-development projects in UAE sold
Saudi Arabia seen as potential green finance hub - Report
Hurghada Industrial Complex’s construction cost reaches EGP 680m
Salaries in Saudi Arabia projected to grow 4.5% in 2020
Egypt makes progress in transition to sustainable market economy – Report
Reportage Properties to deliver 1st phase of Rukan Lofts in Q1-22
Egypt’s housing ministry allocates EGP 2.7bn to New Mallawi Phase I
Oman Oil & Orpic Group, HSBC execute 1st blockchain transaction in Oman
SABB, HSBC introduce blockchain to KSA, Bahrain
Egypt’s oil output reaches 171m barrels in 9M – Survey
Beta Egypt partners with REMAX-RFM for resale management
ADX closes Wednesday’s session in green
Boursa Kuwait’s indices mark 3M-high at Wednesday’s close
DFM ends Wednesday in rise
Clinical laboratory services in MidEast, Africa likely to hit $14bn by 2023
UAE to boost global FinTech destination via Finovate Middle East partnership
RAK Cement turns to AED 6.4m loss in 9M
Saudi wholesale price index up 3.3% in October
Saudi, Egyptian hotel markets to perform well in 2020; UAE to stabilise – Colliers
Aramco’s weight on TASI to exceed 9%
Mohandes Insurance’s Q1-19/20 indicators show EGP 30m standalone profit
Emirates Airline close to buying $8.8bn 30 Boeing 787s
Methaq Takaful records AED 53m accumulated loss
Fawry’s profit soars 48% in 9M
Savola tops Tadawul-listed firms turning profitable in Q3
Dana Gas comments on Egypt, UAE, Kurdistan's operations
Egypt applies ‘green channel’ customs system; 75 companies whitelisted
DP World's $520m Sokhna expansion set for completion in Q2-20
Arabian Centres inks $1.4bn Murabaha, Ijara deals
Al-Baha posts 66% rise in Q3 profits
Kuwaiti trade surplus with Japan shrinks 13.5% YoY in October
Raya Holding mulls EGP 700m securitised bond issue
Arabian Centres issues $500m Sukuk
Kuwaiti gov’t withdraws KWD 42.8bn from general reserve in 5 yrs
Boursa Kuwait opens Wednesday near stability
Kuwait crude oil price levels down 97 cents on Tuesday
Al Khair National to sell shares in Gulf Cable for 550 fils per share
UAE C.bank’s assets grow 13% in October
Al Salam Bank – Bahrain to launch $50m fund with China’s MSA Capital
Egypt’s food exports register $2.6bn in 9M/19
Saudi competition authority permits Uber, Careem deal
New 57,000 companies launched in Egypt in 3 yrs
Robust growth seen for Saudi higher education market
UAB’s accumulated loss hits AED 490m in September
Flynas orders 10 Airbus planes
Sonker’s $500m bulk liquids terminal set for completion in May 2020
Mobily, Alinma seal SAR 3bn loan agreement
Raydan to begin trading on Tadawul Thursday
TASI rises for 3rd day in row on Tuesday
Raya Holding invests EGP 2bn in 3 yrs - Chairman
Injazzat Real Estate’s CEO resigns
STC introduces micro trench technology to KSA
Mena Real Estate completes exiting deal
Egypt’s daily oil output hits 5-month high in September
Indian tourism to GCC to grow 81% in 6 yrs
Kuwait’s bank deposits rise in September
Johnson & Johnson raises its investments in Egypt to EGP 2.3bn
Renault names SVR for communications, public affairs
Saudi holdings of US T-bonds up 3% in September
ADX closes Tuesday in green
DFM gains 18.91 pts on Tuesday
Boursa Kuwait ends higher on Tuesday despite political developments
Speed Medical aims to invest EGP 160m in 2020
Arabian Cement Co’s board proposes EGP 0.47/shr dividend for 2018
Giza General Contracting awarded EGP 97.9m contract
Kuwaiti investments in Belgium record $823m
UAE’s holdings of US Treasuries shrink 24% in September
Egypt lowers holdings of US Treasuries in September
Inflation down 0.3% in Saudi Arabia