Latest news

Date Title
CMA nods to Alhokair Group’s 51.5% capital cut
Shareholder ups stake in Ceramica Remas for EGP 6m
Al Sagr Cooperative Insurance, Gulf Union mull merger
Elsewedy Electric’s unit inks EGP 418m contract with EIPICO
Fertiglobe records block trading deal of AED 371m
Lift Slab Misr uses EGP 71m of capital hike proceeds
Saudi APICO announces final price for Nomu listing
SATORP announces Al Suwailem as President, CEO
IHC to acquire 15% stake in Burjeel Holdings
A total of 5.3m tonnes of crude oil refined by Alexandria Petroleum in FY21/22
Amreya Petroleum refines over 3.6m tonnes of crude oil in FY21/22
EGX’s indices end Monday’s trading session in green
TASI, NomuC close Monday in red zone
ADNOC Drilling sees AED 114m block trading deal
UAE stock markets end Monday’s session down
Al Sagr Cooperative Insurance appoints new Chairman, Vice Chairman
Jazadco names Al Resheid as new CEO
CBE offers two-type T-bonds at EGP 11.5bn on Monday
Sustainable Blue Economy Office opens in Umm Al Quwain
MNHD to execute EGP 1.5bn construction works for Al-Hazek Construction
Egypt’s talks for new loan from IMF progressing
Teneo opens additional new office in Abu Dhabi’s ADGM
Lebanon has $1.2bn worth of investments in Egypt – Minister
Egypt announces new railway factory with EUR 8m investment
SNB raises SAR 3.3bn in Additional Tier 1 Sukuk offering
Walaa Cooperative Insurance’s EGM approves capital hike to merge with SABB Takaful
Almarai completes redemption of SAR 1.6bn Sukuk – Series V
EGX closes Sunday with negative performance
Al Rajhi Bank ups stake in Alrajhi Takaful
Watani Iron Steel renews, amends SAR 60m loan deal
Tadawul ends Sunday’s trading session down
ARIA Commodities to invest AED 154m in Hamriyah Free Zone
Egypt’s sovereign wealth fund inks deals for EGP 25bn projects in 2021
Union Insurance’s accumulated losses hit over 35.5% of capital
Agthia’s shareholders nod to AED 65m dividends for H1-22
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