Latest news

Date Title
Heliopolis Housing extends strategic investor’s contract
Moody's affirms Boubyan Bank’s ratings, outlook
ADIB unveils 1st Sharia-compliant financing to Omani firm at $80m
ENOC Group adds new service stations in Dubai Hills, Lehbab
Saudi PMI down to 56.9 in December – IHS Markit
National Investor’s shareholders mull AED 200m capital cut
CBE to issue EGP 19bn T-bills today
KFIC sells 13.3m shares in Mena Real Estate
Burgan Bank exits entire stake in Bank of Baghdad
Banque Misr participates in $3bn financial deals
Abu Dhabi launches AED 144.8m infrastructure project in Al Dhafra
Delta Steel starts trial run of 1st phase of modernisation project
Egypt opens two Mediterranean ports shut on bad weather
Suez Canal’s revenue levels up $731m in 2019
Kuwait crude oil price rises $2.2 Friday on geopolitical tensions
Three companies ink contract for EGP 5bn terminal at Alexandria Port
Egyptian gov’t to allocate EGP 1.66bn to Haya Karima Initiative
TASI goes up 0.53% in week; liquidity totals SAR 19.3bn
ADX grows 50 pts in week; Market cap gains AED 5bn
DFM loses AED 700m in week
Bahrain Bourse tacks on 8 pts in week
CBE launches initiative to support national industries with EGP 100bn
Kuwait crude oil price loses 109 cents on Thursday
Uber officially completes acquisition of Careem for $3.1bn
Rubex International’s board approves EGP 50m capital hike
SAMA bans combining insurance, reinsurance brokerage activities
Egypt keeps local fuel prices unchanged
Saudi Arabia attracting interest as touristic destination - YouGov
NBE’s retail loans hit EGP 90bn – Chairman
Tadawul closes Thursday in green
Aramco sets February Arab light crude price to Asia at $3.7 pb
Jazadco cancels plans to acquire Bakri Energy
GASCO receives first instalment of SIDF loan
Elsewedy Electric’s unit to upgrade Cairo Regional Control Center with EGP 584m
SACO CEO resigns; board appoints Haytham Al Hamidi
Egypt builds 3 axes in Aswan, Qena at EGP 4.5bn
Riyadh awaits 2020 Railway Forum
Egypt forecast to achieve $20bn annual tourism revenue in 5 yrs
ADX starts 2020 up on Thursday
DFM ends 1st day of trading in 2020 in green
Dubai Mercantile Exchange: Direct Access USA set new clearing member
Majority of office workers in KSA prefer public transportation - Survey
Omani Ooredoo to provide Ruwi with Super Fibre Network
Egypt’s cabinet announces Coptic Christmas holiday for public sector
Saudi Minister of Energy to deliver keynote speech at IPTC 2020
Kuwait’s CMA approves IFA’s 17.5m shares offering
M&A Brief of the Week
Zahraa Maadi pays EGP 72m in advance for land in New Heliopolis
Saudi Banks increase investments in gov’t bonds
Egypt to issue 1st green bonds in early 2020
Salama’s board approves to offset accumulated losses
Saudi private sector achieves highest growth in 5 years
Ezz Steel’s losses balloon to EGP 4.3bn in 9M
Dubai’s public transport carries 2.1m riders on New Year’s Eve
CBE issues EGP 20.5bn T-bills on Thursday
Musharaka to distribute SAR 0.35/unit to REIT unitholders
Egyptian gov’t to open EGP 3bn projects in Beni Suef in H1-20
Commercial banks push up Bahrain Bourse in 2019
El-Sisi forms CBE’s board for 4-year term
Saudi railways receive 1.8m passengers in 2019
Egyptian banks’ non-gov’t foreign-currency deposits record EGP 677.32bn in October
CMA approves Alinma Saudi Government Sukuk ETF Fund
Egypt allocates EGP 125m for international forums
Derayah to distribute SAR 20m for REIT unitholders
SABB to distribute SAR 0.6/shr for H2-19
TASI down 0.36% at New Year’s Day close
Saudi gov’t starts receiving requests for 24/7 work permissions
Ten brokerage firms hold 74% of DFM’s turnover in 2019
Turkish imports granted zero-tariff access to Egypt
Egypt’s local liquidity rises to EGP 4.05trln at end-November
Astra Group discloses updates on steel factory in Iraq
SASCO launches 6 new stations
The year 2019 was special for Tadawul - Analysts
Egypt’s wheat planted area to exceed 3m feddans in days
Kuwaitis spend KWD 4bn on outbound tourism in 9M
Egypt considers allocating land for $350m industrial complex in Aswan
UK investors top foreigners trading in EGX stocks in 2019
Lubna Olayan appointed SABB Chairwoman
Ash-Sharqiyah extends CEO appointment mandate
Trading Anaam shares suspended for 2 days
SIIG to distribute dividends on 12 Jan
Kuwaiti oil drops to $68.35 pb on Tuesday – KPC
Non-Arab foreign investments in UAE stocks record AED 12.5bn in 2019
Saudi Cable approves SAR 250m capital hike
EGX chairman expects IPOs of 3-4 private firms in 2020
ADX adds 161 pts in 2019, rises 0.84% in December
DFM levels up 235 pts in 2019; Market cap hits AED 374.2bn
EGX suffers EGP 14bn loss in 2019 despite recovery of Egyptian economy
Boursa Kuwait maintains positive performance in December, Q4-19, full year
Aayan Real Estate buys investment property at KWD 1.1m
KFIC gains KWD 503K profits after exiting assets
EETC inks EGP 122.7m deal with MEGA- Sieyuan consortium
CMA nods to Sultan Center’s KWD 15m convertible bonds prospectus
Saudi SMEs’ revenue registers SAR 879.32bn in Q2-19
KMEFIC registered as market maker on Acico, Tamdeen
Kuwait Cable Vision nods to delist from Boursa Kuwait
Egypt to execute new roads at EGP 5.37bn in Sixth of October
SGS renews SAR 1bn service agreement with flynas
Nile City Investment’s profit rises 34% in H1-19
SABIC to liquidate 3 subsidiaries