Latest news

Date Title
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
Chemanol announces resignation of CEO
Ajman Bank to launch world’s 1st Mastercard Touch Card
EGX’s indices close Thursday in red zone
Tadawul closes Thursday’s session on negative note
Saudi German Hospital inaugurates new hospital in Makkah
CBE offers EGP 30bn T-bills on Thursday
UAE stock markets close Thursday lower
Lafarge Egypt’s fleet trucks to run on natural gas via partnership with Ostool
A total of 57 vessels cross Suez Canal on Thursday
ADX, FTSE Russell launch Growth Market Index
Shareholder cuts stake in Sharm Dreams to 3.7%
National Real Estate Bank sees EGP 10m block trading deal
Emirates Steel Arkan seeks to invest in Egypt’s nuclear projects - Interview
Banque du Caire’s profits rise to EGP 1.84bn in H1-22
AUB Egypt reports EGP 916m consolidated profits in H1-22
China’s SGCC inaugurates regional office in Dubai
AD Ports announces resignation of Logistics Cluster’s CEO
Egypt-ICF 2022 to kick off next week
Egypt’s stock market closes Wednesday down
TASI closes Wednesday’s session down; NomuC up
DFM, ADX close Wednesday on negative note
Holding Company for Roads’ production exceeds EGP 10bn in FY21/22
Orascom Construction logs lower earnings in H1-22
Egyptian Resorts’ losses widen to EGP 93m in H1-22
GSK Egypt’s profits climb to EGP 872m in H1-22
Arab Cotton Ginning’s standalone profits record EGP 34m in FY21/22
Alhokair Group’s board amends capital cut proposal to 51.5%
stc’s EGM nods to 150% capital hike
UAE’s Stake secures over $8m in pre-series A funding round
EGX’s indices close Tuesday’s session higher
Tadawul closes Tuesday on varied note
Manazel’s unit reaches deal to exchange investment in Egypt
Al Jouf Cement’s shareholders nod to 24% capital cut
DMCC posts 25% jump in diamond trade in H1-22
DFM closes Tuesday up; ADX down
Saudi Steel Pipe inks SAR 88m contract with Uruguay’s TGS
Remco’s standalone losses shrink to EGP 80m in H1-22
Maharah to distribute 12.5% dividends for H1-22
Rowad Tourism raises stake in Lecico Egypt for EGP 14m
Zahraa Maadi sees EGP 344m block trading deal
Orascom Financial Holding turns to consolidated losses in H1-22
Tibbiyah acquires 51% stake in Innovative Care
Egypt’s economy grows 6.6% in FY21/22 - Maait
AAIB pens EGP 200m deal with Egypt’s MSMEDA
SPIMACO obtains SAR 1.26bn loans from three banks
Ithmaar Holding posts 127% higher profits in H1-22; accumulated losses unveiled
Raydan Food’s board mulls 53% capital cut
Al Habtoor Group’s revenues hike 19% in H1-22
CBE issues two-type T-bonds at EGP 11.5bn on Monday
Egypt’s SubsBase secures $2.4m in funding round
Alexandria Container’s profits near EGP 2bn in FY21/22
EGX closes Monday on negative note
Tadawul closes Monday’s session mixed
UAE stock markets close Monday in red zone
Orchida Soft to expand e-invoicing implementation in Egypt, KSA
Arabia Investments Holding spends EGP 259m of capital raise proceeds
Riyadh to host Next World Forum 2022 early September
FRA approves publishing offer to acquire Alexandria New Medical Center
Elsewedy Electric’s unit pens two deals worth over EGP 1bn
Beltone replies to news reporting potential capital raise
Profits of Saudi banks jump 54% in July
SAIB sells entire stake in Pyramids Paper Mills for EGP 4m
SAMA’s assets surpass SAR 2trn during July 2022
Saudi foreign reserve assets up 5% in July
ADNOC Drilling acquires offshore rig worth $70m