Latest news

Date Title
Acrow Misr posts 22% profit decline in Q1
Cairo Investment to acquire 60% of UAE company
Kuwaiti C. Bank approves Burgan Bank’s $500m securities
SICO Bank sets FV of Alafco with overweight recommendation
Egypt’s cement sales decline 8% in Q1
Empower to sell 800 KWs of waste-fueled energy
Al Imtiaz Investment likely to record 79% leap in H1 profits – Analyst
Fitaihi Group associate buys 3 medical entities in Jeddah
Americana Egypt names new chairman
Zain calls off tower sales deal on regulations
TASI ends Tuesday in green
Egypt’s GDP growth to hit 6% in FY19/20
UAE bank assets rise 6% in May – C. bank
SAMI fully acquires Advanced Electronics Co
Cleopatra Hospital launches JV with Taleem Management Services
SEDCO to distribute SAR 9.9m dividends for SEDCO Capital REIT Fund unitholders
Boursa Kuwait in green at Tuesday’s close
ADX loses AED 1.9bn on Tuesday
Najran Cement temporarily suspends 2nd line, resumes operations at 3rd
RAKBANK repays $800m bond
Al Akaria names Kelvin Kwok as new CEO
Musanada, ITC complete AED 40m Al Maqtara-Hamim road improvement project
Ataa Eduction’s book building for IPO starts on Thursday
Sheeni logs EGP 42m initial loss in 11M
Expo 2020 Dubai names Jacobs Mace as ‘Official Programme Delivery Management Provider’
Egypt sees lower iron sales volume in Q1-19
Abu Dhabi’s CPI rises in May
Sipchem unit inks $600m Islamic facility with local banks
Kuwait crude oil down 23 cents on Monday – KPC
Aldar’s stock acquires 55% of ADX liquidity in Tuesday’s mid-trade
Dubai Silk Road strategy to uplift industrial, warehousing demand - Savills
TASI inches up early Tuesday
UAE’s SDIC appoints Sharpoorji Pallonji as main contractor for AED 1.5bn development
Sidpec buys land plot to expand propylene, polypropylene plant
Arriyadh Development establishes new real estate arm
Aldar Properties enters strategic partnership with India’s ANAROCK Group
Boursa Kuwait opens Tuesday higher
Amazon to hold Prime Day in UAE next July
Ithra Dubai invests AED 7bn in Deira Enrichment Phase 1
Egyptian banks grant EGP 1.84trn loans in March – Report
Egyptian banks’ deposits rise 1.2% in March – CBE
Germany’s Mercedes-Benz to assemble cars in Egypt via local partner
Egypt’s NUCA offers 538 housing units in New Administrative Capital
EGX ends Monday below 14,000 pts
Jarir pens SAR 8m lease deal with Sehat Al-Sharq Medical
SABIC extends JV with Japan’s JSMC for 20 yrs
NUCA to inject EGP 60-70bn in New Administrative Capital in FY19/20
Saudi indices fall at Monday’s close
EIT to digitalise global real estate opportunities with sharia-compliant scheme
Egypt pays EGP 14.5bn for local wheat since April
UAE to see AED 20bn rise in cloud business revenue by 2022
UAE C. bank’s foreign assets up 3.2% in May
Germany’s Bosch inks deal to set up new plant in Egypt
Moody’s affirms Sharjah Islamic Bank’s ratings; change outlook to negative
Tadawul attracts $10.8bn foreign inflows after MSCI inclusion – IIF
Google denies receiving info on new Ad taxes from Egypt’s gov’t
UAE’s DIFC partners with TiE Mumbai to prop up Indain FinTechs
Al Imtiaz Investment’s unit wins KWD 10m deal from KGOC
Google supports Egypt’s economy with EGP 5.2bn/yr
Aldar Properties logs AED 420m in sales from Alreeman II Phase 1
Boursa Kuwait’s indices close Monday mixed
ADX gains AED 1.5bn at Monday’s close
MedGulf renews insurance agreement with Binladin Group
Real estate stocks push up DFM at Monday’s close
El Arabia for Land Reclamation starts work on Bahariya Oasis project
Saudi investment firm acquires 4 buildings in Manchester for $50m
Alafco inks $470m unsecured consolidated loan
Egypt’s NUCA offers 504 ‘Sakan Misr’ housing units in El-Shorouk
GACO pens non-binding deal to buy 67.1% in Advanced Bakeries
S. Korea’s KHNP to provide maintenance services for UAE’s Barakah nuclear power plant
Kingdom Holding completes 4.8m share acquisition in US Lyft
Egypt allocates EGP 11bn to local development programmes in FY19/20
Kingdom Holding to pay 5% cash dividends for FY18
Egypt finances 251,000 SMEs with EGP 15bn in FY18/19 – Minister
Nakheel to open AED 2.8bn projects end-2019
NBK likely to record 14% increase in H1 profits – Analyst
Union Properties’ Dubai Autodrome Business Park phase 2 secures 100% pre-bookings
Shams acquires 53% stake in Hemaia Group
Thomas Cook’s Egypt summer bookings likely to grow 15%
Indian investments in Egypt hit $3bn – Ambassador
Sharjah Islamic Bank eyes raising $500m bonds
CBE issues EGP 1.75bn T-bonds Monday
Arabtec jumps 2.7% on ADNOC Onshore’s project
Egypt’s gold exports hike 132% in Q2-18/19 – CBE
Chinese investments in UAE’s real estate to grow 70% in 2019
Aljazira Capital to pay 5% cash dividends for 1 year
Expats’ remittances in UAE hit AED 38.4bn in Q1
Mahara logs SAR 54m profit in Q1
Real estate, industrial stocks boost Boursa Kuwait early Monday
Arabtec’s unit secures additional AED 315m from Tecnicas Reunidas
Du inks JV deal with Bahrain’s Batelco
Dubai-based startup Hopi nabs seed-funding
MNHD denies borrowing EGP 1.4bn
CMA nods for Saudi DWF to raise capital to SAR 25m
Petrochem redeems SAR 1.2bn sukuk
Saudi Kayan signs $2bn Murabaha facility with NBC
Advanced Petrochemical to raise capital by SAR 196m
EGX ends Sunday in red on local sales
Zain KSA not to sells mobile towers to IHS
Banque Misr considers contributing EGP 13.3bn to syndicated loans