Latest news

Date Title
UAE raises holdings of US treasuries in May
Giza Contracting preliminarily awarded EGP 500m contract
Heliopolis Housing postpones date for submitting offers for Heliopark project
Saudi Arabia reduces holdings of US treasuries in May
Egypt aims to deliver natural gas to 1,337 villages at EGP 16bn cost
SODIC to change location of 500-acre project in New Zayed
Fitch affirms Saudi Arabia's IDR at 'A'
Faisal Islamic Bank's business volume advances 12.7% YoY in June
Thob Al Aseel records SAR 49m net profit in H1-21; dividends announced
Yanbu Cement records SAR 115m profits in H1-21
Marseilia approves authorised capital raise procedures
Saudi Ceramic secures SAR 592m Murabaha loan from two banks
EGX30 falls below 10,600 pts amid local selloffs
EGX executes EGP 10.27bn transaction on Amoun's shares
Arabian Centers raises $225m from USD-denominated Sukuk issue
Alkhorayef Water awarded agreements worth SAR 317m
Saudi wholesale price index surges 19.8% in June
Amana receives GAC’s approval for merger with Saudi Enaya
NBE leads consortium for EGP 962m syndicated loan
M&A Brief of the Week
Egypt inks $26m export deals with Cameroon, Senegal
EGX announces Eid El-Adha holiday
Rameda acquires anticoagulant molecule
US Bevy acquires Egyptian events startup Eventtus
Saudi Ceramic buys asset for SAR 56m
El-Mashat explores ways to scale up private sector’s engagement
Saudi Re’s shareholders nod to 10% capital raise; fluctuation limit announced
Chubb Arabia’s shareholders approve capital hike; fluctuation limit announced
CIRA's profit rises 38% in nine months on higher revenue
SISCO sells stake in RSGT to PIF, COSCO Shipping for SAR 556.5m
AMOC turns profitable in FY20/21
EFG Hermes advises on Mubadala-owned Yahsat’s AED 2.7bn IPO on ADX
Dana Gas collects $185m from KRI, Egypt in H1-21
Saudi Arabia’s annual inflation up 6.2% in June
Thob Al Aseel’s board proposes 33% capital raise
EGX30 ends Wednesday above 10,600 pts; market cap up EGP 9.2bn
SABB plans to exit Wataniya Insurance
Zahrat Al Waha extends SAR 60m loan from Alinma Bank
Saudi Research and Media’s subsidiary to acquire 51% in Thmanyah
Mashreq Bank's profit slides 84% in H1-21
MIS signs SAR 186m deal with Saudi health ministry
Egypt makes EGP 10bn available for developing governorate capitals
TASI, NomuC rise on Wednesday
Tihama’s board recommends capital cut, raise
Egypt to raise North Sinai's contribution to Sinai National Investment's capital
ADNOC invests $764m to boost output capacity growth
Sahar Nasr named Board Member at Allianz Life Assurance Company-Egypt
Saudi BCI plans to acquire stake in UAE’s Union Chlorine
CBE announces Eid El-Adha holiday
Raydan discloses shares trading, subscription period; fluctuation limit announced
Nile Developments targets EGP 1.5bn investments in new project in NAC
Raydan’s shareholders approve capital hike through rights issue
Egypt, UN launch national consultations on 2023-2027 cooperation framework
Fawry acquires minority stake in elmenus
Alkhaleej Training wins King Saud University projects at SAR 66m
Dubai Investments ups stake in NGI for AED 71m
ENOC Link to introduce world’s first eLink Stations in UAE
Eastern Company raises prices of main brands
Arab Dairy to raise capital by EGP 130m
Beltone's board approves EGP 35.6m capital raise
Arriyadh Development records SAR 254m profits in H1; dividends announced
Egypt partners with private property developers in EGP 965bn projects
Aldrees’ H1-21 profits jump 68.5%
Abdullah Al Othaim acquires Fourth Milling for SAR 859m
Egypt allocates EGP 300bn for developing governorate capitals, major cities
Emaar The Economic City reschedules Tawarruq loan with Banque Saudi Fransi
Al Naqool’s subsidiary receives qualification certificate from Etmam
El-Mashat participates in Economic Reform Forum’s 27th annual conference
TASI ends Tuesday in green; NomuC falls
Tihama liquidates Intermarkets on partners’ resolution
EGX gains EGP 9.4bn in market cap at Tuesday's close
EGX approves delisting of Assiut Islamic Trading's shares
El Shams Pyramids sees $56.6m block-trading deal
Arabian Centres starts issuing USD-denominated Sukuk
Julphar fully acquires Planet Pharmacies
FRA considers Bank ABC's MTO for Blom Bank Egypt
Al Ahly Pharos advises on International Cables sale deal
UAE stock markets close Tuesday in green
Egypt-South Sudan trade exchange hits $707k in 2020
Mulkia Investment announces SAR 9m dividends for REIT fund unitholders
Misr Insurance Holding targets EGP 71.1bn investments in FY21/22
Unitholders of AlAhli REIT (1) to obtain SAR 48m dividends
El-Mashat takes part in 2021 UN ECOSOC forum on investing in SDGs
How pilgrims benefit from digitisation when performing Hajj
SADAFCO’s shareholders nod to SAR 96m dividends
Raya launches corporate accelerator to support customer experience startups
Masdar wins 440 MW solar projects in Uzbekistan
CBE launches EGP 100bn mortgage initiative for low, middle income people
Emaar Properties lists $500m Sukuk on Nasdaq Dubai
CI Capital approves in principle offer to sell Souhoola
Egypt inks deal with French firm for licensing Red Sea Petrochemicals Complex
UAE banking system's assets hit AED 3.182trn in May
Herfy turns profitable at SAR 52m in H1-21 estimated financials
Jarir records SAR 457m profits in H1-21
Middle East Glass Manufacturing to sell entire stake in Medco Plast
Nawah signs support agreement with Westinghouse for Barakah Nuclear Plant
Taleem REIT Fund’s unitholders to receive SAR 12m dividends
CIB's profit rises 22% in H1
TotalEnergies secures $34m debt from APICORP, NBF
Fitaihi Holding sells asset for SAR 5m