Latest news

Date Title
CBE offers EGP 23bn T-bills on Sunday
HD Bank to inaugurate new branch in New Alamein
Arabian Drilling announces intention to list on Tadawul’s main market
Emaar Misr’s board nods to credit facility deals for Soul project
Egyptian Modern Education mulls setting up university in New Capital
Al Baraka Bank denies potential takeover of First Investment
Thimar’s board amends capital raise proposal to SAR 200m
SABB sells certain business lines from HSBC Saudi Arabia to Alawwal for SAR 1.20bn
GCC asset managers forecast surge in AUM on higher oil prices – Moody's
UAE’s real GDP growth likely to hit 6%-7% in 2022 – Moody's
M&A Brief of the Week
Tabreed expands business in Egypt with EGP 1.6bn medical investment
France’s Schneider Electric inaugurates new regional HQ in Egypt
Saudi ACWA Power sells $130m stake in Uzbekistan facility to China's Silk Road Fund
EGX’s indices record collective decline on Thursday
CMA approves Saudi Paper’s capital hike request
Saudi Cable’s accumulated losses shrink to SAR 60m
ADIB sees AED 416m block trading deal
TASI closes Thursday down; NomuC up
Jack Uppal named as President of General Motors Africa & Mideast operations
Arab merchandise trade surpasses $2trn in 2021
CBE auctions EGP 30bn T-bills on Thursday
UAE stock markets end Thursday in positive performance
Saudi Airlines Catering renews deal with Flynas at SAR 240m
Inery acquires $128m investment from Metavest
Egypt offers private sector investment opportunities in gov’t hospitals
Rowad Tourism raises stake in Lecico Egypt for EGP 2m
Ekuity increases stake in Rameda for EGP 159m
Target for Real Estate Investment cuts stake in Real Estate Egyptian
Saudi Arabia dominates Forbes Middle East’s 2022 asset managers list
Saudi Azm inks SAR 16m contract with finance ministry
SCZone’s revenues up to EGP 3.41bn in FY21/22
OPPO pens MoU with ITIDA for $20m investments in Egypt
Egypt-Qatar trade exchange surges to $45m in 2021
Misr Italia eyes EGP 1.5bn new investments in NAC project
New Generation Developments unveils EGP 2bn investments in New Alamein, NAC
ADQ monetises stake in TAQA to consortium including Multiply Group
EGX closes Wednesday’s trading session down
Tadawul closes Wednesday’s session lower amid all-sector decline
Scientific & Medical Equipment House signs SAR 118m deal with Saudi government
FRA nods to AT Lease’s EGP 150m capital raise
DFM, ADX end Wednesday in red
Egypt’s food industry exports to France rise 15% in 2021
AD Ports Group acquires majority stakes in 2 Egypt-based maritime firms
Egyptians for Investment approves offer to sell asset for EGP 35m
Memphis Pharmaceutical approves financing to pay off EGP 300m debt
Shareholder cuts stake in First Investment for EGP 1m
Rameda sees EGP 144m block trading deal
Maadi Company for Development cuts equity in Zahraa Maadi
Remco witnesses lower consolidated losses at EGP 188m in H1-22
Egypt’s trade deficit plunge 12.4% in June – CAPMAS
EBE's board nods to EGP 1.32bn capital hike
Gas Arabian Services wins nearly SAR 108m deal
CMA nods to Perfect Presentation IPO, Knowledge Tower Nomu listing
UAE’s Hub71 partners with Siemens Energy to boost clean energy
Naseej International eyes 109m capital raise via rights issue
Saudi PIF eyes up to SAR 1.5bn stake in Seera’s unit Almosafer
Egypt’s stock market closes Tuesday on mixed note
Saudi Natural Gas Distribution, Egypt’s TAQA Arabia ink MoU
UAE's tourism revenues surpass AED 19bn in H1-22
TASI, NomuC end Tuesday’s session in positive performance
Qassim Cement’s board recommends SAR 45m dividends for Q2-22
FAB to finance Middle East sustainable projects with $75bn by 2030
UAE stock markets close Tuesday’s session in green
DIFC reports business growth in H1-22
Saudi Arabia’s IPI jumps 17.7% in July – GaStat
Mubadala, TAQA mull investment in Uzbekistan’s power sector
Tabreed’s unit wins AED 118m upon arbitration ruling
Al Alamiya announces resignation of CEO
Kodak Alaris names Kazak as Managing Director for EMEIA
EGX closes Monday in varied performance
CBE auctions two-type T-bonds at EGP 11bn on Monday
Tadawul closes Monday’s trading session up
DFM, ADX close Monday in green zone
Shareholder cuts stake in Arab Engineering Industries to 9%
IDH records lower earnings in H1-22
El Kahera El Watania to buy stake in Assiut for Agricultural Development
QNB Financial Services reduces stake in First Investment to 2%
Egypt’s food industry exports to Russia grow 27% in H1-22
Egypt-Palestine bilateral trade jumps 74% in 2021
Alkhorayef Water pens over SAR 45.5m deal with NWC
Saudi Arabia invests SAR 700bn to endorse green economy
Dubai to host HSBC Crossroads GCC Future Impact Forum for 1st time
Tadawul to close on Saudi National Day Holiday
Saudi APICO unveils price range for Nomu offering
Al Jouf Cement’s accumulated losses near 0% of capital
Al Hammadi Holding to disburse SAR 0.3/shr dividend for Q3-22
CBE issues EGP 21.5bn T-bills on Sunday
EGX’s indices close Sunday in green zone
Southern Province Cement to pay 7.5% of capital as dividends for H1-22
Ladun Investment announces new Chairman, Vice Chairman, CEO
Tadawul closes Sunday on positive note
Shareholder raises stake in Arabian Cement for EGP 31m
Misr Chemical Industries, AMOC reply to news reporting PIF’s potential investment
IsDB approves $1.12bn in development financing
Saudi PIF reportedly expected to issue green bonds soon
Elsewedy Electric’s unit inks 3 contracts worth EGP 2.2bn
Al Ezz Dekheila Steel's profits reach EGP 4bn in H1-22
Ezz Steel’s profits surpass EGP 4bn in H1-22
Memphis Pharmaceutical’s annual profits climb 77%