Latest news

Date Title
DFM loses 17 pts in week
Connecting Africa costs over $250bn – el-Sisi
Egypt’s exports to CEN-SAD record $3.14bn in 2018
Egypt seals $430m gas deal with US’ Noble Energy
Egypt’s urban communities authority inks agreement for EGP 1.3bn project
Egypt’s PM witnesses signing 3 agreement with EBRD
Launch of Egypt’s 1st communication satellite postponed
TASI adds over 138 pts in week
MBF Group signs cooperation pact with American Aerospace
DEWA selects bidder for MBR Solar Park’s 900 MW 5th phase
Orders at Dubai Airshow 2019 hit $54.5bn
SRTI Park, Basma Group’s unit to establish transformational development institute
Boursa Kuwait’s Premier index tacks on 60 pts rise in week
Bayanat partners with US firm to develop advanced aerospace solutions
Kuwait crude oil price grows $1.63 on Thursday
Subscriptions in Aramco’s IPO reach SAR 73bn in 5 days
Egypt’s exports to Africa jump over 27% YoY in 2018
Recap of ‘Day 2’ in Global Business Forum Africa 2019 – Mubasher
Recap of ‘Day 1’ in Global Business Forum Africa 2019 – Mubasher
Al Samaani profits down 70% in Q3
Netherlands sells stake in SABB
TASI maintains gains, ends Thursday in green
Next edition of GBF Africa among Expo 2020 business events
EGX30 sheds 0.9%; Market cap hits EGP 714bn
Could vertical cities help combat climate change?
Egyptian Cabinet disburses EGP 600m to support exports, pay arrears
CMA approvers KAMCO’s merger with Global Investment House
Kuwait’s non-oil exports grew 11% YoY in October
Egypt’s recent Eurobond sees record-high oversubscription – Minister
UAE tops region in adopting AI, smart technologies
Investcorp acquires $800m industrial properties portfolio in US
Saudi-Egyptian Business Council chooses new heads
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