Latest news

Date Title
CBE issues EGP 21.5bn T-bills on Sunday
UAE’s ADNOC Distribution eyes 50% stake in TotalEnergies Egypt
UAB posts 209% higher profits in H1-22; accumulated losses announced
Saudi Arabia's economy grows 11.8% in Q2-22
EFIC’s standalone profits soar 562% in H1-22
Egypt’s foreign exchange receipts drop 1.7% in FY20/21
Budget Saudi’s profits rise 4.5% in H1-22, dividends approved
Al Rajhi Bank reports 21% profit hike in H1-22 initial financials
Red Sea International’s shareholders approve nearly 50% capital cut
Saudi Cable names new Managing Director
Deyaar’s profits leap 196% in H1-22 financial results
SAIB witnesses 21% higher profits in H1-22 initial results
Egypt’s stock market closes higher on Thursday
ADCB’s profits exceed AED 3bn in H1-22 results
NBF logs 97.5% leap in H1-22 profits
Tadawul closes Thursday on positive note
CBI turns to AED 56m profits in H1-22 financials
Saudi Arabia-based DCO welcomes Cyprus as 1st EU member to join
DFM closes Thursday up; ADX down
Egypt pens MoU for green hydrogen production plant with investments of $8bn
Seera partners with flyadeal for Almosafer’s new channel
Aldar’s profits leap to AED 1.47bn in H1-22 results
Egypt’s tax authority names new assistant minister, head
Multiply Group turns to profits in H1-22
Future Care to start trading on Nomu next week
Abu Qir Fertilizers’ earnings surge 158% in FY21/22
CBE auctions EGP 31bn T-bills on Thursday
Emirates NBD’s H1-22 profit leaps 11%
Emirates Islamic Bank’s earnings rise 23% in H1-22
FAB logs 50% higher profit in H1-22
Mobily's profits hike 44% in H1-22 interim financials
El-Sewedy Cement enters Speed Medical for EGP 5m
Apex Investment turns profitable at nearly AED104m in H1-22
CBD's profits up 28% to AED 866m in H1-22 results
Development Works Food submits capital raise request to CMA
Egypt’s construction materials, jewellery exports rise in 5M
Saudi Kayan sees lower profits at SAR 359.5 in H1-22 interim results
ADNOC L&S signs definitive agreement to acquire ZMI
EGX declines on Wednesday; market cap reaches EGP 624bn
ANB’s profits jump 29% in H1-22 interim results
Banque Saudi Fransi's H1-22 profits grow 11%
Tadawul closes Wednesday in green zone
Egypt’s FRA approves 1st future flow securitisation programme at EGP 2bn
SODIC’s profits near EGP 296m in H1-22 results
Egypt's Cartona raises $12m in latest seed round
UAE stock markets close Wednesday up
Dice’s capital increase 94.84% oversubscribed
Walaa Cooperative Insurance names new Chairman, Vice Chairman
Regional Investment reduces stake in Naeem Holding to 14.17%
Ericsson names Blixell as Vice President of GCC
Alinma Bank sees 29.5% higher profits in H1-22 interim financials
Bank Albilad logs SAR 1bn profits in H1-22 interim results
DEWA increases energy, water production capacity
SNB’s profits jump 59% in H1-22 interim results
Heliopolis Housing eyes EGP 919m profits in FY22/23
Heliopolis Housing eyes EGP 919m profits in FY22/23
Alexandria Flour Mills spends EGP 39m of capital raise proceeds
The Fashion Kingdom completes $2.6m seed round
Aman Group's capital reaches EGP 615m
Naqi Water unveils final IPO price for Tadawul listing
RAKBANK’s profits leap 72.5% in H1-22
Yanbu Cement’s profits down 24.5% in H1-22 initial financials
Orascom Financial Holding accepts Chimera’s offer to buy majority stake in Beltone
Mohandes Insurance eyes EGP 1bn investments in FY22/23
Tadawul closes Tuesday on varied note
Egypt’s stock market closes Tuesday in green zone
DFM closes Tuesday up; ADX down
Al Seer Marine to expand bulk cargo freight solutions worldwide
Invested assets in UAE insurance sector up 5.5% in Q1-22 – CBUAE
Yamama Cement posts 9% lower net profits in H1-22
Sipchem records over SAR 2bn profits in H1-22 initial results
Budget Saudi’s unit eyes regional equity acquisition
UAE banks' liquid assets exceed AED 518bn in Q1-22
Agility raises credit facility lines to $3.2bn
Saudi Azm seals agreement to develop Shefaa platform
Makkah Construction turns profitable at SAR 86m in H1-22
Yansab witnesses 44% lower profits in H1-22 interim results
Tadawul closes Monday’s session down
CIB’s profits jump 28% in H1-22 results
EGX closes Monday’s session on varied note
Egypt secures EUR 118m from EU for water, energy development
Egypt-Serbia bilateral trade nears $80m in 2021
UAE stock markets close Monday in red zone
UAE’s Arrow Labs expands to Greece
Eshraq Investments' profits down 59% in H1-22; accumulated losses unveiled
Saudi Ceramic posts lower profits at SAR 89m in H1-22
CBE auctions two-type T-bonds at EGP 8.75bn on Monday
Acrow Misr witnesses lower profits in Q1-22
Moody's lowers Sharjah’s ratings; outlook stable
Arabian Centres pens agreement to develop Al Khobar Mall
Al Ahly Investments ups stake in Prime Holding for EGP 3m
CMA approves Salama Cooperative Insurance’s 60% capital cut
Tadawul closes Sunday on mixed note
EGX’s main index closes Sunday down; other indices up
Obour Land denies receiving acquisition offer
Saudi BinDawood's unit eyes majority stake in France’s Ykone
EasyLease sees higher profits in H1-22 financials
SAIB to pay SAR 300m dividends for H1-22
CBE offers EGP 23bn T-bills on Sunday
M&A Brief of the Week