Latest news

Date Title
Moody's GCC Summit returns to Dubai this Tuesday
Oil, gas sector fuels demand for industrial space in Dubai - Savills
Raydan Food closes Jeddah branch
City Cement announces SAR 56m dividends for H1-22
Ladun Investment’s profits shrink 59% in H1-22; dividends proposed
Al Seer Marine expands freight services via new partnership
Abu Dhabi, Dubai chosen as 1st cities for Metarverse Holdings’ AED 200m project
JLL appoints Al Sulaimani as Country Head for Saudi Arabia
Damac Properties awards AED 313.5m contracts for DAMAC Hills project
CMA nods to eXtra, East Pipes Integrated’s capital raise
DEWA’s board proposes AED 3.1bn dividends for H1-22
EGX closes Thursday’s trading session up
TASI, NomuC end Thursday’s trading session down
M&A Brief of the Week
Al Omran Industrial appoints new Chairman, Vice Chairman
CBE auctions EGP 31bn T-bills on Thursday
DFM closes Thursday down; ADX up
UAE corporates’ funding base more diversified than peers - Fitch
Alpha Flight Services expands operations in Ras Al Khaimah
Egypt's annual inflation rate rises in August – CAPMAS
Shareholder reduces stake in First Investment for EGP 3m
Crédit Agricole France raises shareholding in Egypt branch
SODIC relaunches New Zayed project
Real Estate Egyptian cuts stake in Lecico Egypt to 0.77%
Alhasoob's board suggests 100% capital raise
Riyad Bank starts offering Additional Tier 1 capital Sukuk
UAE’s PMI jumps to 56.7 in August
Saudi Arabia’s August PMI marks highest level in 10 months
Khazna, BEEAH Group to bring Sharjah 1st Tier 3 Data Centre
EGX’s indices close Wednesday on negative note
Top 100 Arab family businesses feature 37 Saudi firms – Forbes Middle East
Tadawul closes Wednesday in red zone
UAE stock markets close Wednesday on mixed note
Wataniya Insurance appoints new Chairman, Vice Chairman
State Properties General Authority signs agreement with Um AlQura for Development to acquire shares in SAR 100bn Masar
Majid Al Futtaim awards AED 799m construction contracts to Shapoorji Pallonji
British International Investment eyes investing $100m in Egyptian startups
Suez Customs collects over EGP 5bn taxes, customs in August
Upper Egypt Mills sells previous headquarters in Sohag
GB Auto's unit considers selling 45% of GB Lease to UAE’s Chimera
Egypt Aluminum to offer 65% of capital hike to Arab sovereign fund
HUAWEI, FTI partner to localise digital energy industry in KSA
AAIB’s standalone profits exceed $90m in H1-22
SFD finances new projects in Kyrgyzstan’s healthcare, education sectors
UAE banks' assets exceed AED 3.44trn in June
Egypt witnesses hike in different exports in H1-22
Hilwa names new Chairman, Vice Chairman
Egypt’s stock market closes Tuesday higher
Aljazira Takaful appoints new Chairman, Vice Chairman
Egypt Post, Aman for Microfinance pen cooperation protocol
Tadawul closes Tuesday’s session lower
Naba Alsaha to start trading on Nomu this week
Emirates NBD, Honeywell team up to advance UAE sustainability goals
DFM closes Tuesday’s session up; ADX down
Egypt plans issuing samurai, panda bonds
Egyptian gov’t considers offering logistic hub to investors with EGP 1.5bn investments
Egyptians for Housing and Development merges 5 firms
Egypt to establish pre-IPO fund - Minister
e-finance spends EGP 390m of capital raise proceeds
BinDawood Holding accepts CEO resignation
Banque Saudi Fransi names new CEO
Al Sagr Cooperative Insurance mulls 65% capital cut
SASCO announces SAR 30m dividends for H1-22
CBE offers two-type T-bonds at EGP 11.5bn on Monday
EGX ends Monday’s session in green
TASI, NomuC close Monday down
Egypt’s PMI climbs to 47.6 in August
UAE stock markets close Monday in red zone
Egypt-based el-dokan secures $550K pre-seed round
Americana Group intends to invest $26m in Egypt
Telecom Egypt comments on QIA-Vodafone deal reports
GB Auto spends EGP 147m of capital raise proceeds
ASCOM turns profitable in H1-22
AT Lease’s EGM approves capital hike
Riyadh Cement’s earnings fall 47% in H1-22
Two shareholders sell entire stakes in NRPD
Al Babtain Food plans to list 16% of total shares on Nomu
Theeb Rent a Car changes Q2-22 dividends’ payout date
Al Hammadi Holding’s unit to provide NUPCO with vaccines
Egypt’s stock market closes Sunday in green zone
Tadawul closes Sunday higher
Arab Sea to buy asset owned by Chairman
Al Sagr Cooperative Insurance’s accumulated losses surpass SAR 259m
GNH completes repayment of $2.7m loan
Al Arabia’s board suggests SAR 95m dividends for H1-22
FRA approves General Company for Silos' capital raise request
CBE offers EGP 23bn T-bills on Sunday
FRA nods to ADIB Egypt’s capital hike request
Middle East Carbon eyes carbon exports of $50m by year-end
Golden Pyramids Plaza's standalone profit jumps 166% in 3M
HD Bank sees EGP 21m block trading deal
Al Arabia to pen deal to install billboards in Egypt in Q4-22
Eastern Company raises prices of its cigarettes
RAK White Cement’s board approves delisting from Boursa Kuwait
Amana Cooperative, ACIG discuss potential merger
IMF highlights Saudi economic reforms post-pandemic
ADNOC awards $1.83bn drilling contracts
Egypt’s Shezlong launches services in South Africa
Egypt’s manufacturing index up 6.5% in June – CAPMAS
M&A Brief of the Week