Latest news

Date Title
TASI falls 130 pts, Nomu grows at Sunday’s close
flynas pens $2.4bn deal with Airbus
EMPG announces acquisition of Jumia House in Maghreb region
Ten Egyptian companies raise capital by EGP 2bn – Ministry
SEC unit completes 1st phase of fibre optic network deployment in industrial cities
Saudi Al Othaim Group opens Xtreme Zone in Abu Dhabi
Google plans to hire Cairo-based team
GEMS Education, Siemens ink MoU to boost education-industry integration
M&A Brief of the Week
Nile Pharma logs EGP 19.5m profit in 11M
ADX ends Sunday in red; market cap sheds AED 5.03bn
UAE’s GDP grows 2.2% in Q1 – C.bank
El Kahera Housing’s profit soars 425% in Q1-19
Tabuk Agricultural to replace 2 projects
InterContinental Hotels eyes expansion in UAE
Boursa Kuwait closes Sunday in decline
Egypt manufacturing index drops 8.4% in April – CAPMAS
Chinese Silk Road Fund acquires 49% stake in Saudi ACWA Power
Profit-taking weighs on DFM on Sunday
Pioneers Holding’s profit rises 23% in Q1-19
Raya Holding’s shareholders approve dividends for Q1-19
ADIB unveils new savings plan ‘Khuttati’
Zahrat Al Waha to launch new production line for SAR 14m
Egypt prepares largest budget in its history for FY19/20
Alafco inks deal with CFM to expand LEAP fleet
Arabian Pipes to use SAR 71m of reserves to offset losses
Saudi German Hospital not to distribute dividends for FY18
Dar Alarkan not to pay dividends for FY18
Shuaa Capital’s stock up 8% as merger approaches
Beltone’s board nominates new chairman, managing director
Taameer Real Estate reappoints chairman
Aldar Properties sells 1st phase plots of Alreeman 2
USD trades steady against EGP early Sunday
ENOC builds 3 fuel distribution plants at Expo 2020 Dubai site
Egypt’s parliament approves EUR 225m loan from KfW Development Bank
CBE issues EGP 17bn T-bills on Sunday
Banks push down Saudi indices early Sunday
Sharjah International Airport sees 5.5m passengers in 5M
NADEC no to proceed acquisition deal with Al Safi Danone Company
Musharaka REIT to pay SAR 31m dividend for H1
Sipchem suspends 3 units for periodic turnaround maintenance
GCC to be volatile this week – Analysis
DAMAC denies being in pole position to buy Italy’s Roberto Cavalli
Attijariwafa Bank requests licenses for new services
Egypt’s Islamic banking sector grows 15.8% YoY in Q1
Etihad Airways halts flights over Iran’s Hormuz
Saudi National Water to develop SAR 5.8bn projects
Warba Insurance ups stake in Wapmed TPA Services
Suez Canal adds EGP 54.7bn to Egypt’s general budget
Dubai ruler approves AED 2bn Dubai-Al Ain Road project
Chemical Industries Holding targets EGP 24.3bn revenue from subsidiaries
Sales of Kuwaiti properties hit $1.12bn in May
Saudi Arabia’s Sami launches JV with French aerospace firm
ENPPI wins $500m contract in Saudi Arabia
ADX adds 1.6% in week
DFM levels up 26 pts in week
TASI loses over 71 pts in week
Egypt’s VAT returns rise 19% in 10M
QSE gains over $3.4bn in week
Boursa Kuwait’s indices see negative week
Bahrain Bourse goes up 6 pts in week
Mansour Auto, China’s SAIC Motor to produce MG cars in Egypt
Egyptian gov’t to establish $6m clearing company
New project to link Gulf countries’ statistical centres
Flynas inks protocol with Airbus for new orders
Arabian Aramco Total Services redeems SAR 140.9m
EGX ends Thursday in red; market cap loses EGP 3.18bn
Egypt’s hotel occupancy rates jump ahead of Africa Cup of Nations
UAE hosts 1st 'Digital Government Research' edition in ME
Boursa Kuwait ends Thursday on mixed note
Banks drag down Saudi indices at Thursday’s close
USD grows 7 piasters on Thursday
DFM closes Thursday higher, real estate-backed
Egypt-COMESA trade exchange hits $2.3bn in 2018
Al Futtaim Engineering to supply property projects in UAE with Hitachi elevators
Egypt Gas sells land plot for EGP 52m
ADX ends Thursday in green
Egypt’s court rejects lawsuit against UAE's Adeptio AD Investments
Above 75% of UAE IT decision-makers see public cloud future tech-backed
STC launches 5G in Saudi Arabia; to reach Bahrain soon
Abu Dhabi’s hotels receive 1.76m guests in 4M
Kuwait crude oil adds $1.13 on Wednesday – KPC
Egypt to participate in G20 summit in Japan – Minister
Cinépolis to open 6 new movie theatres in Saudi Arabia
UNB Egypt’s chairman, vice chairman resign
Egypt’s export support programme comes into effect in July
Egypt’s Swvl raises $42m funding to expand business
Mahara’s FY18 profit hits SAR 221m
UAE banks generate greater profit in Q1 – Report
Banks secure EGP 140bn finance to SMEs end-March – CBE
Al Etihad Cooperative to raise capital to SAR 400m
Yanbu Cement to pay H2 dividends by end-June
ICON signs EGP 60m deal with Petrojet
Apparel Group’s agreement pushes up Aldar’s stock on Thursday
Egypt, US in talks to support infrastructure projects in Africa
Abu Dhabi banks’ net income totals AED 8bn in Q1
Aldar Properties inks lease for 100,000 sqm retail space
CBE issues EGP 18bn T-bills Thursday
Gulf Air inks agreement to sponsor Bahrain Int’l Airshow
Saudi indices start Thursday on mixed note