Latest news

Date Title
Arabtec mandates UBS to advise potential merger with Trojan
Kuwait oil price edges up on Thursday
Boursa Kuwait’s indices level up in week
Bahrain Bourse gains 10.5 pts in week
Egypt’s trade with Algeria reaches $429.2m in H1-19
Egyptian Indian trade rises 23% YoY in FY18/19
Alexandria Flour Mills proposes EGP 0.30/shr dividend for FY18/19
Danah Al Safat Foodstuff inks deal to sell Edafco
Al Mashaar REIT posts SAR 6m profits in Q3
Egyptian-Greek trade exchange rises to EUR 906m in H1
Vision Capital Group rebrands as Areeb Capital
Saudi market ends Thursday with negative performance
Egypt’s cabinet approves $500m loan from IBRD
MEPCO renews SAR 200m banking facility with Bank Albilad
ADX gains AED 3.3bn in week
DFM adds 49.44 pts in week
ADDED launches new website during GITEX 2019
UAE government grants AED 13.3bn in H1
Dubai’s DP World becomes fully-integrated maritime operator in Peru
du, Nokia, SRTIP ink strategic agreement to develop innovative initiatives for Sharjah
Saudi Arabia’s economic growth to reach 1.6% in 2020 – WB
Egyptian-Russian bilateral trade stands at $3.3bn in H1
UAE’s real GDP to grow 1.8% end-2019 - WB
Boursa Kuwait closes Thursday in green
Aton: New gold discovery in Egypt; samples up to 102.5 g/t Au
Egypt’s budget deficit seen at 8.3% of GDP in 2019 – World Bank
Egypt denies finalising draft of income tax law
ADX gains AED 1.45bn on Thursday
DFM ends Thursday in green
TAQNIA unit inks 4 deals to support technology startups
M&A Brief of the Week
Amer Group opens Port Said hotel Phase I, renames Piccadilly Heliopolis
du, Abu Dhabi School of Management ink MoU to support U5GIG programme
Russian-African trade exchange hits $20.5bn in 2018
UAE to levy new selective tax from 1 December
STC Solutions, F5 Networks pen MoU to support Saudi enterprises
Switzerland invests EGP 11.5bn in over 200 projects in Egypt
Arab Drug Co’s pre-tax profit hikes 51% in Q1
Gulf North Africa's unit sells assets in Saudi Arabia
TASI opens Thursday down
World Bank forecasts Egypt’s economy to grow 5.8% in FY19/20
Dar Alarkan completes issuing US fixed-rate RegS Senior unsecured Sukuk
LIFEPharma becomes 1st UAE company to export generic drugs to North America
CBE issues EGP 19bn T-bills on Thursday
Jarir Marketing logs SAR 305m profits in Q3
Kuwaiti oil drops 31 cents on Wednesday – KPC
Egypt’s annual inflation slows down to 4.3% in September
Al Kathiri to transfer shares to TASI
Du, Ajman X pens MoU to develop U5GIG platform
Boursa Kuwait opens Thursday down
Saudi Paper’s board amends capital cut recommendation
MAG Group’s arm completes AED 800m project in Dubai South
NBK’s profits rise 8% in Q3-19
Saudi SPMC Q3 losses fall 35%
du, Wipro partner up to launch IoT security platform in UAE
RTA, du ink MoU to provide free Wi-Fi onboard buses, marine transport
QNB Al Ahli’s profit grows to EGP 6.4bn in 9M
Egypt implements EGP900m water conservation plan
Saudi German Hospital inks SAR 350m loans with Emirates NBD, Bank Albilad
Al Mazaya responds to news on financial status, business in Dubai
Thimar suffers SAR 4m losses in Q2
Saudi indices go down at Wednesday’s close
EGX ends Wednesday in red; market cap drops EGP 6.6bn
Cutting natural gas prices saves Hadisolb EGP 225m annually
Saudi Arabia leads Arab counties in gold reserves – WGC
Egypt’s FRA approves Al Shams Housing’s capital raise procedures
ADDED, Abu Dhabi Digital Authority launch new digital services at GITEX
Egypt moves up to 93rd place in 2019 global competitiveness index
Deyaar Development completes ‘Millennium Executive Apartments Mont Rose’ project
Aqar Real Estate logs 136% higher profit in Q3-19
Aldar’s arm to start roadshow for USD sukuk issue
IPG expects Q3-19 profits to decline from KWD 1.4m
DEWA showcases 34 smart initiatives, projects at GITEX 2019
Saudi Arabia invests SAR 7bn in automotive industry – official
Mobile subscriptions in Egypt rise to 94m in June – Report
ADX loses AED 1.19m on Wednesday
Boursa Kuwait closes Wednesday down; liquidity drops 30%
DFM ends Wednesday in green
Downtown New Alamein Phase I generates EGP 700m in sales
Dubai’s residential prices to soften in remainder of 2019 - Chestertons
Saudi Arabia improves 3 positions in 2019 global competitiveness ranking
Kuwaiti oil drops to $59.31 per barrel on Tuesday – KPC
United Bank mulls injecting EGP 650m loans, entering factoring business
Saudi Aramco to regain full oil production capacity by November-end – CEO
Kuwait’s Warba Bank lists $500m Sukuk on Nasdaq Dubai
Egypt sets up 8 water, wastewater projects in Aswan
Etisalat Misr expected to invest EGP 4.5bn in 2020
Fitch downgrades Saudi Aramco’s rating to ‘A’; Outlook ‘Stable’
China’s Huawei hosts 1st MENA developer day in Dubai
El Wadi for Touristic Investment posts 31% profit rise in H1
Egypt drafts law to raise tax exemption limits, impose tax on e-commerce
Burgan Drilling denies news on selling $30 assets in UAE
CI Ratings affirms Emirates NBD’s ratings
KFH receives C.bank’s approval to merge with AUB Bahrain
Saudi indices start Wednesday in red
UAE tops Arab world in 2019 global competitiveness index
Taleem REIT unitholders to receive SAR 8.16m dividend - Saudi Fransi Capital
Jadwa REIT to pay SAR 28m dividends for Q3
Mindware launches Microsoft Azure-hosted cloud marketplace
Al Ezz Dekheila Steel swings to losses in H1