Latest news

Date Title
UAE stock markets close Wednesday on negative note
du opens two new data centres to boost digital transformation
Ataa Educational's annual profit down 51%; dividends proposed
ACWA Power sets IPO offer price
Banque Misr finalises largest syndicated loan worth $1bn
Tatweer Misr inks deal with Huawei to launch fully connected smart cities
Etihad plans for third sustainable financing
Arab Cotton Ginning's consolidated loss shrinks 88% in FY20/21 initial financials
UAE launches Maritime Cluster to promote national maritime economy
FRA approves Beltone's capital raise
Ataa Educational recommends 10% capital raise
Upper Egypt Mills Company's board proposes EGP 10/shr dividend
NBE gets licence to open branch in Saudi Arabia
Abu Auf's parent firm plans to go public on EGX in Q2-22
Waha Capital targets controlling stakes in MENA businesses
UAE increases fuel prices in October
GFH appoints new CEO for UK operations
EGX ends Tuesday in red; market cap loses EGP 2.8bn
Dekheila, Damietta collect EGP 3.18bn taxes, customs in August
Abu Dhabi Department of Energy partners with Masdar's Youth 4 Sustainability
Egypt's iron, steel exports jump to $1.097bn in eight months
FRA approves Nile City Investments stock split
Alkhorayef Water awarded SAR 46m contract
Dubai's ZENIQ launches digital asset trading platforms
2Africa consortium extends subsea cable system to Arabian Gulf, India, Pakistan
Maharah’s unit inks MoU to acquire 85% of Alshifa Al Arabia
Moody's, Fitch assign Masdar first-time credit ratings; outlook stable
Dana awarded $607.5m in supply dispute with National Iranian Oil Company
du, EDGE sign MoU for telecommunications support
Petrochem, SIIG ink non-binding MoU on proposed merger
IHC’s unit to establish AED 240m hotel in Sudan
IHC’s unit acquires 95% stake in Emirates Gateway Security Services
Agthia’s OGM approves 8 fils/shr dividends for H1-21
solutions by stc's retail offering oversubscribed with SAR 8.6bn in orders
Asmak plans to raise stake in Porto Group
Upper Egypt Mills posts consolidated profit growth in FY20/21
Pioneers Holding requests trading suspension until listing spin-off firms
Egypt's MSMEDA allocates EGP 1bn for innovative businesses
EFG Hermes shareholders approve capital raise
FRA approves Emerald's prospectus
Egypt's ongoing cooperation portfolio with KFAED amounts to $1.5bn
EGX30 falls below 10,500 pts at Monday's close
Saudi Arabia announces 59 new COVID-19 cases
Unitholders of SEDCO’s REIT fund to get SAR 10m dividends
Cotton to trade on Egypt's commodity exchange in 2022
Sipchem starts supplying hydrogen to Aramco’s SASREF
CBE approves appointment of Hazem Hegazy as Al Baraka Bank Egypt’s CEO
TASI rises on Monday; NomuC falls
Dubai Customs clears AED 948m goods for Expo 2020 Dubai
Saudi Arabia conducts over 28.5m COVID-19 tests
UAE stock markets close Monday in red zone
Egypt’s manufacturing index drops 12% in July – CAPMAS
NBF's shareholders approve capital raise to AED 2bn
Sorouh Developments plans EGP 1bn investments in NAC project
Egypt needs EGP 160bn to reclaim 500,000 feddans in Sinai
EZDubai develops four new facilities to meet future demands
Egypt implements EGP 700bn development projects in Sinai – PM
Consortium including SISCO’s unit, Amiantit inks deal for 3 plants
Remco reveals latest updates on projects in Sokhna, New Administrative Capital
Emirates plans to restore 70% of capacity by year-end
NBE, Banque Misr, Banque du Caire to launch EGP 1bn fintech fund
Abu Dhabi's virtual asset trading platform MidChains completes first trades
Sumou Real Estate signs agreement for Hittin project
Elsaeed Contracting awarded EGP 130m project
EGA completes UAE’s most efficient power plant
El-Sisi inaugurates EGP 20bn Bahr El-Baqar wastewater treatment plant
ADNOC completes drilling unit's IPO bookbuild
Emaar The Economic City’s shareholders nod to 33% capital hike
Palm Hills Developments inks EGP 2.5bn syndicated loan deal
CBE offers EGP 10.5bn T-bonds on Monday
Tadawul halts trading on Petrochem, SIIG stocks
ADNOC to supply full oil volumes in December
Al Rajhi Takaful awarded deal with Social Development Bank
Shuaa Capital plans to complete £2bn property projects in London
CBE licenses mobile contactless payments
Nile City Investments proposes stock split
Bank Aljazira, Aljazira Takaful sign bancassurance distribution deal
Al Khaleej Training extends deal with Al Enjaz
EGX ends Sunday in green on local, Arab purchases
Dubai's foreign trade hits AED 722bn in H1-21
Misr Oils and Soap not to pay dividends for FY20/21
Upper Egypt Flour Mills sees higher standalone profits for FY20/21
Lift Slab Misr spends EGP 71m of capital raise proceeds
TASI starts week higher, NomuC falls
Egypt automates wheat silos processes using IBM AI-powered software
UAE stock markets closes Sunday's session in red zone
Emaar Malls' Chairman resigns
M&A Brief of the Week
AMOC's OGM approves EGP 194m dividend distribution for FY20/21
Abu Qir Fertilizers' shareholders raise dividends to EGP 1.3/shr for FY20/21
UAE records 298 new COVID-19 cases
Speed Medical inks deal to conduct PCR tests for workers travelling to Libya
CI Ratings affirms ADCB's foreign currency ratings; outlook stable
Musharaka unveils developments on REIT fund’s acquisition deal
Iron and Steel for Mines and Quarries posts EGP 5.5m profit in six months
DEWA opens lithium-ion energy storage pilot project at Mohammed bin Rashid Solar Park
Kima's rights issue ends with 73.4% coverage
ECHEM considers new petrochemical projects
ADNOC Drilling to be listed on ADX on 3 October
Anaam announces updates on acquisition deal