Latest news

Date Title
Fitch confirms Ajman Bank’s ratings, stable outlook
Fitch Ratings affirms Sharjah Islamic Bank’s long-term IDR at 'BBB+'
Four firms compete to provide EGP 58m insurance coverage
Danah Al Safat proposes capital cut, offsetting losses
UAE raises holdings of US Treasury bonds in April
Egypt’s finance ministry launches e-portal to receive e-payment suggestions
GACO’s board recommends capital increase
Fitch maintains CBI ratings, stable outlook
Kuwait’s crude oil ads 70 cents on Monday – KPC
Fitch Rating affirms Bank of Sharjah’s ratings, outlook stable
Tadawul suspends trading on Thimar shares
Heliopolis Housing sells over EGP 66m assets
Uber, Careem to remain separate for now – Careem CFO
Heliopolis Housing seeks to sell 3% of land portfolio
UAE SCA approves AED 7bn bond, sukuk issuance in 2018
Saudi Arabia’s US Treasury holdings hit $177bn in April
Al Akaria not to distribute dividends for FY18
Expo 2020 Dubai seals AED 5bn contracts with SMEs
Tadawul delists Alawwal Bank shares after merger with SABB
Egypt’s budget deficit falls to 5.6% in 10M
Union Properties to pay dues to Emicool
Nayifat Finance to launch IPO on Tadawul
Saudi oil exports hit 8.57 mbpd in April – JODI
Mubadala’s Sanad Aerotech inks $6.5bn deal with Rolls-Royce
EGX ends Monday mixed; market cap sheds EGP 180m
TASI closes Monday in green amid higher liquidity
EU offers EUR 3.1m grant to revamp Egyptian Museum
Market value of Saudi Arabia’s K12 sector exceeds $37bn in 2018 - Colliers
Al Mazaya inks KWD 41.5m loan deal
Egypt’s banking sector nets $200bn cash inflows since currency float
Majid Al Futtaim seeks to gain foothold in Uganda with 1st Carrefour store
Banque Du Caire to float 30-40% stake on EGX by end-2019
FinTech services contribute 1.6% to GDP – CBE Governor
ADX sheds AED 5.9bn on Monday
DFM rises slightly at Monday’s close
Saudi Shura Council approves cancelling installment sale system
UAE pharma market to boost value to $4.5bn by 2021
Boursa Kuwait closes Monday higher
EBE targets EGP 1bn profit in FY19/20
UAE, Hong Kong sign protection of investments agreement
Egyptian chambers of commerce collect above EGP 1.4bn taxes
NBK-Egypt unveils “NBK EG Wallet” app
Egyptian Media Production in talks to acquire stake in Arabian Hospitality
Boursa Kuwait resumes trading on KGL Logistics
SABB hires Lubna Olayan as chairman following merger with Alawwal Bank
EGX-listed real estate firms’ market cap hits EGP 80bn
Salama elects Jassim Alseddiqi as board chairman
Egypt to establish EGP 1.5-2bn logistics area in New Valley
DSI appoints new chairman
Egypt’s hotel room revenues likely to grow 25% in 2019 – Report
Aayan to log $1m profit from Mashaer Holding’s settlement in Saudi Arabia
EU allocates EUR 500m to Egypt’s major sectors in 4 yrs – PM
Banque Du Caire’s Q1 profit soars 200%
ADNOC, Netherland’s OCI to form global nitrogen fertiliser JV
Egypt, Israel reach $500m settlement deal over gas dispute
UAE tops Arab World with $10.4bn FDI in 2018
Abanos wins Emaar’s 5-star Address Residences contract
UAE interbank fund transfers hit AED 3trn in 5M
Egypt completes 70% of New Administrative Capital’s infrastructure
Hadisolb’s sales drop 14% in 10M
Tamweely Microfinance’s board approves EGP 25m capital hike
MAWANI slashes handing charges at King Fahd Industrial Port in Yanbu
Millennium MEA confirms exclusive rights to operate Makkah Millennium Hotel
Saudi Zain inks SAR 2.3bn Islamic credit facility
M&A Brief of the Week
EGX ends Sunday in green on local buying
Azizi Developments completes Azizi Aliyah’s construction work
Saudi solar PV projects target $1.5bn investments
Saudi Arabia to establish int’l city for dates
Tadawul closes Sunday in red; NOMU adds 0.55%
Japan grants Egypt $18m to support healthcare sector
RAK Cement appoints Al Ramz Capital as liquidity provider
Noor Financial Investment H1-19 profits may fall 34% – Analyst
Memphis Pharmaceutical’s losses drop 57% in 11M
Egypt’s transport ministry set to launch 7 dry ports, logistic areas
Blue chips push down ADX at Sunday’s close
Saudi Arabia exports down to SAR 86bn in April – GaStat
Saudi Arabia imports shrink 17% YoY in April – GaStat
Egypt’s state-run enterprises to launch IPO contingent on restructuring – Minister
Boursa Kuwait falls on Sunday amid lower liquidity
Amar for Finance’s shareholders reject delisting
DFM ends Sunday’s session in red
Egypt’s parliament considers granting residence to foreigners buying property
Saudi trade surplus grows 12.3% in April – GatSat
Saudi flour mills to be privatised in Q3-19
DEWA launches bid for 5th phase of Mohammed bin Rashid Solar Park
Dutch firm seeks to acquire Arab Dairy
Dubai FDI to participate as sponsor in World Forum for FDI 2019
Saudi PIF assets doubled in 2 yrs – Crown Prince
Rove Hotels opens new branch in Dubai Parks
Elsewedy Electric inks EUR 55m deal to acquire 4 power firms in Greece
Tadawul extends closing auction session, trade for 20 minutes
CBE issues EGP 17.5bn in T-bills Sunday
EIBank appoints Bou Khouzam as interim CEO
Saudi Aramco IPO likely to be in 2020/2021 – Crown Prince
Saudi gov’t to finalise $533m privatisation deals in 2019 – Crown Prince
SABB, Alawwal Bank complete merger after expiry of creditor objection period
Emirates Investment Authority buys 10% stake in DU
ADNOC, Dutch OCI mull combining Middle Eastern fertiliser business
Jafza lures innovators with long-term visas