Latest news

Date Title
UAE’s EITC appoints new CEO
Fire breaks out in 2 Aramco’s facilities after drone attacks
ADIB Egypt considers capital increase – CEO
ADX distributes $6.8bn dividends in 2019
CORC’s revenues hit $160m in FY18/19
Suez Oil Processing’s output reaches 1.6 mt in FY18/19
Kuwait’s resident bank deposits decline in July
EGX30 gains 1.2% in week; Market cap loses EGP 18bn
TASI sheds 223 pts in week
Beltone Research sets TP of Zain, Mobily
Egypt Post’s deposits hit $13.4bn
Boursa Kuwait’s indices go down in week
Bahrain Bourse loses 4.5 pts in week
Saudi Arabia’s unemployment rate shrinks in Q2-19
Military production ministry, SES to build solar power plants
SAMI, QDM sign protocol to bolster Saudi defence products
Egypt C. bank sells EGP 21.3bn T-bills
Alexandria Mills’ FY18/19 audited statements show 44.6% profit decline
Saudi Arabia launches Madinat Al Wouroud
SDB to offer $133.3m finance for Saudi health projects
LG Electronics eyes $300m sales in Egypt in 2020
ACWA Power targets presence in 46 countries by 2030
Egypt Gas nods to EGP 61m contract with Norpetco
KFH approves exchange ratio of merger with AUB Bahrain
Banks weigh on TASI at Thursday’s close
KOC's operating budget totals KWD 2.5bn in FY19/20
Egypt to activate short selling in November - FRA's vice chairman
Kuwait’s residents receive $124.6bn loans in July
Boubyan Petrochemical posts $7.26m profit in Q1-19/20
Arab Cotton Ginning's board proposes EGP 0.10/shr dividends for FY18/19
KIPCO raises stake in Gulf Insurance at 675 fils/shr
AAIB arranges EGP 6bn securitised bonds
Alexandria Portland Cement sells EGP 31.7m land
Banks stocks weigh on ADX in week
DFM slips in week
Kuwaiti oil drops to $62.08 pb on Wednesday – KPC
M&A Brief of the Week
SAMI-Navantia inks EUR 900m deal to support Saudi navy
ADX sees bearish trend on Thursday
Boursa Kuwait ends Thursday’s session mixed
Belgium to finance Baron Empain Palace’s reconstruction with EGP 16m
DFM ends Thursday in green
Egyptian Refining Company’s units in full operation – Qalaa Holdings
Stake sale in Network International to boost Emirates NBD’s profitability - Moody’s
United Bank injects EGP 880m loans to agri, food sectors in 8M
Centamin’s investments hit $4.2bn in Egypt end June
UAE’s GDP up 2.8% in Q1
World Bank offers $500m to Egypt’s Takaful and Karama programme
Egypt denies awarding contract to Hassan Allam-Samcrete consortium
Telecom Egypt starts working on EGP 40bn telecom network in new capital
Al Enmaa Real Estate’s profits surge 95% in 9M
Dubai’s business confidence index improves in Q2
Tadawul halts trading on National Building’s stock on Thursday
CBE issues EGP 19bn T-bills on Thursday
Porto Group Holding buys EGP 247m land plot in West Assiut
Boursa Kuwait opens Thursday in green
Herfy Food to distribute SAR 1/shr dividend for H1-19
Healthcare sector among Saudi Vision 2030 key changes – Colliers
Abu Dhabi DoE, China’s SGCC ink MoU to support energy sector
Shuaa Capital approves name change
SAGIA issues 291 business licences in Q2-19
Kuwait cuts oil production in August
MNHD seeks to buy EGP 1.6bn land in West Assiut
Kuwait-based banks’ foreign assets equal $60.1bn in July
TASI marks 8M-low at Wednesday’s close
Dana Gas' assets in Egypt attract large interest - Mubaideen
KSA signs over SAR 2bn deals on cleaning projects in Makkah
Saudi PIF negotiates higher stake in Acwa Power
Nesma and Partners to execute first phase of Avenues Riyadh – Mabanee
EGX30 breaks above 15,000 pts at Wednesday’s close
Palm Hills invests EGP 800m in Badya to date
UAE’s Union Coop to inject AED 2.5bn investments into 20 projects
Egypt allocates land in North Sinai for desalination plant
Kuwait’s trade surplus slashes in 4M
Egypt builds EGP 9.5bn Nile bridges – Minister
Egypt mulls collaboration with UAE’s ENOC Group
Saudi Electricity’s unit mulls collaboration with EWEC
CBE seen to cut interest rates by 50 bps – EFG Hermes expert
UAE’s Azizi Developments launches new units at Creek Views
Boursa Kuwait’s indices close in red on Wednesday
DFM ends Wednesday in green
DFM sees bearish trend on Wednesday
Kuwaiti oil rises to $62.21 pb on Tuesday – KPC
Kuwaiti int’l reserves level up over 5% in July
Eastern Co’s board proposes EGP 2.25bn dividends for FY18/19
Porto Group Holding buys land in Assiut for EGP 3bn project
RAK Cement cancels acquisition of quarry, cement plant
Egypt signs MoU with BESIX, Orascom to build waste-to-fuel plant
Kuwait Airport welcomes 4.5m passengers in 3M
DFM launches innovative dividends distribution solution for investors
Egypt’s domestic debt rises to EGP 4.2trn end-March – CBE
Damietta Port inks MoU with European firms to launch logistic system
KFIC’s stock hits 5M-high on Wednesday
Palm Hills inks deal with German firm to manage Badya’s phase 1A
Emirates NBD unveils new voice banking solution via Amazon Alexa
Bahrain Bourse resumes trading after Ashoora holiday
UAE’s DEWA plans AED 86bn investments in Dubai over 5 yrs
Egypt’s rate cut likely to be second deepest among emerging markets
Arkan Al Kuwait seeks majority stake in unlisted developer
BlackRock acquires 15% stake in Centamin