Latest news

Date Title
One Finance launches services in Egypt with EGP 100m capital
Tadawul closes Sunday with negative performance
EGX’s indices close Sunday on collective rise
CBE offers EGP 28.5bn T-bills on Sunday
Africa would need up to $1.6trn in climate finance until 2030 – Minister
Faisal Islamic Bank sees 36.3% higher standalone profits by September-end
IMF, Egyptian authorities to reach staff-level agreement very soon
Kafr El Zayat Pesticides’ board approves stock split
Nile Pharma announces FY21/22 dividends
Memphis Pharmaceutical’s shareholders approve company’s continuity
Holding Company for Pharmaceuticals, ADIB pen EGP 3.4bn financing deals
Saudi Arabia’s annual inflation rise 3.1% in September; wholesale prices up 4.6%
e& enterprise of listed e& completes acquisition of Smartworld
ADNOC Drilling awarded $980 contract to hire two jack-up rigs
Oman Technology Fund invests $50m in MENA - Al Balushi
Saudi telecom firm GO mulls 278% capital hike
EGX’s indices close Thursday on collective rise
Tadawul’s indices close Thursday on varied note
Othaim Markets sells asset in Al Riyadh for SAR 186.5m
CMA nods to Bupa Arabia’s SAR 300m capital raise
Synova inaugurates revolutionary diamond cutting, shaping facility in Dubai
CBE auctions EGP 26.5bn T-bills on Thursday
DFM, ADX end Thursday’s trading session mixed
Jarir registers SAR 702m profits in 9M-22 estimated financials
Egypt's money app Telda raises $20m in seed funding
Kuwait Hotels’ unit to manage Safir Hotel Marsa Matruh
Ahead of COP27, TAQA Arabia launches largest solar power plant in Sharm El-Sheikh
Sheeni’s shareholders approve company’s continuity
Waha Capital buys 350K shares in CIRA
Speed Medical turns to loss in H1-22
Safwa Consulting cuts stake in Arab Dairy to 8.27%
Shareholder ups stake in Rowad Tourism
Egypt’s GDP expected to grow 5.5% in FY22/23
Higher oil prices reinforce Gulf’s economic growth in 2023 – UBS’ Bolliger
Yahsat acquires stake in eSAT Global to expand in IoT industry
IMF affirms Saudi Arabia’s growth rate at 7.6% in 2022
Xpence launches services in UAE via partnership with Visa
ACWA Power, South Korea’s KEPCO to explore industrial-scale green hydrogen/ammonia production
EGX ends Wednesday’s session down for 2nd day in row
TASI, NomuC close Wednesday’s session higher
Nasdaq Dubai welcomes 1st physically-backed bitcoin ETP listing
Arab bourses’ market cap reaches $4.21trn by September – AMF
B.TECH inaugurates Egypt’s 1st tech talent hub
The Ark Development plans investing EGP 30bn in new urban project
UAE stock markets end Wednesday’s session on varied note
Egypt's balance of trade deficit narrows 28.7% in July
Al Arabia to fully acquire Faden Media for over SAR 1bn
i'SUPPLY raises $1.5m in pre-seed round, eyes regional expansion
Sidpec hires NI Capital to study ETHYDCO's takeover
Canal Shipping Agencies’ board proposes EGP 148.29m in FY21/22 dividends
Alhsn for Consulting cuts stake in Arab Dairy to 0.37%
HD Bank approves capital increase
Mastercard, Nclude to accelerate Egypt’s fintech ecosystem
Region’s cross-listed GFH acquires additional medical portfolio for $400m
Arabian Drilling sets final IPO price at SAR 100/shr
Al Rajhi Bank can provide up to SAR 900m facilities to REIT Fund
EGX’s indices close Tuesday on collective decline
Saudi Tihama’s unit exits assets in Dubai to boost working capital
Vezeeta to fuel regional growth via new funding powered by UAE’s Gulf Capital
Tadawul’s indices fall on Tuesday
Egypt dominates Forbes Middle East 30 Under 30 list
UAE stock markets close Tuesday’s session in red zone
Saudi Arabia’s IPI climbs 16.8% in August – GaStat
Aruba, OmniClouds sign MSP partnership agreement
DMCC Crypto Centre’s members now have access to $150m fund from Brinc
Arab Drug’s OGM approves FY21/22 dividends
Khazna Data Centers to begin construction on 2 new data centres in Dubai
Retal inks SAR 605m deal with National Housing
IHC’s unit acquires 49.99% stake in Lulo Colombia
QNB Al Ahli reports 22% higher earnings in 9M-22
Egypt's furniture exports hit $170m in 8 months; Saudi Arabia tops importers
Egypt’s 24-hour mobile internet usage jumps 46% in Summer 2022 – NTRA
IMF to launch regional office in Saudi Arabia – Georgieva
Saudi Arabia sees fastest economic growth in over decade during Q2-22 – Al Rajhi Capital
Saudi-founded Geidea partners with Visa to bolster digital payments in Egypt
EGX closes Monday’s session on collective rise
Tadawul closes Monday’s trading session in red
Tadweer partners with SEC for recycling project
DFM, ADX end Monday’s session with negative performance
Mitsubishi Power names Al Juraid as CEO for Saudi Arabia
ADNOC Drilling wins $1.53bn deal to support ADNOC’s expansion plans
AI expected to contribute $320bn to MENA economic growth by 2030 - e& CEO
eXtra’s profits near SAR 319m in 9M-22 estimated results
CBE auctions EGP 33.25bn debt instruments on Monday
B.TECH sets up new HQ in Taj City in partnership with MNHD
Nemow for Consulting cuts stake in Arab Dairy to 2.96%
El Badr Plastic’s board approves capital increase
Egypt’s annual inflation rate hikes in September – CAPMAS
e& explores opportunities in metaverse
Saudi ANB acquires stake in UAE’s Cashee
Burjeel Holdings’ profits exceed AED 143m in H1-22
Nayifat appoints new Chairman, Vice Chairman
Marafiq announces price range for IPO on Tadawul
Workplace savings solution platform Equevu debuted in Abu Dhabi
Raydan Food’s EGM approves capital reduction to SAR 158m
NCLE pens SAR 188m bank facility agreement with SABB
Tadawul closes Sunday lower amid all-sector decline
EGX indices close Sunday’s session down
Perfect Presentation to float 30% of shares on Tadawul
MEPCO to disburse SAR 25m dividends for H1-22