Latest news

Date Title
Egypt's House of Representatives approves $255m development funding deals
Mubadala's GlobalFoundries launches IPO at $42-$47 per share
DFM closes Tuesday up; ADX down
Sharjah Islamic Bank's board approves foreign ownership rise to 40%
UAE's Fintech Galaxy raises $2m in seed funding
El-Sisi witnesses signing MoUs with Greece, Cyprus
UAE's holdings of US treasury bonds up 60% in August
Mobily partners with Ericsson to recycle electronic devices
Trade exchange between Egypt, Greece hits $1bn in H1-21
Abu Dhabi Catalyst partners with Ruya to support private credit market
Saudi Arabia’s holdings of US treasuries fall to 15-month low in August
Speed Medical reveals financial impact of COVID-19 drive-thru testing deal
Amiantit’s CEO submits resignation
SAIB approves exit from Cairo National Company for Brokerage and Securities
Ezz Steel's exports exceed $1bn in nine months
Abu Dhabi Department of Energy, Huawei ink MoU to develop energy sector
Yamama Cement’s profits shrink 58% in Q3
Damac partners with Dataplex to develop data centre facilities in Europe
Orascom Construction mulls acquisition of three firms in Egypt
Mobily records SAR 751m profits in nine months
El-Sisi directs gov't to cut debt, budget deficit
Aramex partners with International Humanitarian City to facilitate aid transportation
Thimar announces resignation of CEO
Dubai Investments to develop AED 1bn beachfront resort, residential development
du records lower profits in 9M, higher revenues
Egypt hosts 13 subsea cables with five more under construction
Saudi Arabia records 38 new COVID-19 cases
EGX ends Monday in green as Emerald makes trading debut
Arabian Centres, Alhokair complete acquisition of 51% stake in VogaCloset
EGX approves South Valley Cement's authorised capital cut
Saudi Paper’s board proposes SAR 145m capital raise
AFG announces IPO of Group Five Pipe Saudi
Azimut, Gellify launch $50m VC Fund to support MENA startups
Egypt inaugurates EGP 55m animal, poultry feed factory in New Valley
MBRSC launches Space Ventures to boost UAE's space sector
TASI, NomuC fall on Monday
Middle and West Delta Mills approves EGP 13/shr dividend for FY20/21
EGX executes public, private offerings on e-finance at EGP 5.84bn
UAE stock markets end Monday in green zone
DWTC partners with CoinMENA to build crypto asset, blockchain hub
Tihama appoints Chairman, Vice Chairman
ADNOC to host ADIPEC to focus on hydrogen importance in diversified energy sector
Emerald Development to build EGP 2bn commercial project
Watani Iron Steel secures SAR 25m loan from Alinma Bank
Jafza partners with Al Masraf to facilitate SMEs' business activities
Heliopolis Housing's adjusted profit down 51% in FY20/21; dividends proposed
CBUAE's foreign assets hit AED 412.06bn in August 2021
Aspire Capital to set up micro-finance firm
Saudi Ceramic logs SAR 187m net profits in nine months
Response Plus Holding turns to profitability in 9M
Yansab records nearly SAR 1.2bn profits in nine months
Remittances from Egyptian expats hit $18.7bn in seven months
Elsewedy Electric's unit inks EGP 178m deal to build substation for Zayed monorail
Mubadala leads UK-based Huboo's $82m funding round
CBE offers EGP 9bn T-bonds on Monday
Dubai's CPI down 1.5% in September
IHC's unit acquires UAE marketing, communications company
SADAFCO plans to buy back 8.5% of shares
Egypt's electricity makes up 60% of gas consumption
Egypt aims to raise date exports to $100m in four years
Al Naqool concludes establishment of Sadan Industry
e-finance's IPO oversubscribed by 61.36 times
EGX announces Prophet Muhammad’s Birthday holiday
National Fertilizer announces dividend payout date
Eastern Company considers launching reduced-risk smoking products
TASI, NomuC start week in green
Port Said collects EGP 2.8bn customs, taxes in September
Al Kathiri’s unit to set up concrete production plant
Nasr Company for Civil Works awarded EGP 174m deal in Fayoum
Speed Medical inks COVID-19 drive-thru testing contract
UAE tops region in tourism FDI projects in 2016-2020
Palm Hills' board approves EGP 1.1bn securitisation issuance
Savola's unit completes acquisition of UAE's Bayara Holding
United Cooperative’s board proposes capital hike through rights issue
Egypt allocates EGP 109bn for health sector
Aldrees’ profits surge 50% in nine months
Egypt's furniture exports hit $161m in eight months
Eastern Company's profit grows 13% in FY20/21; dividends proposed
GFH announces precondition satisfaction to acquire KHCB
Egypt launches e-Health firm for healthcare digital solutions
Saudi CMA approves public offering of Alistithmar Capital’s equity fund
Abu Dhabi Ports records 21% higher revenues in H1-21
CBE offers EGP 17.5bn T-bills on Sunday
ADNOC Drilling included in three global indices
Sharjah Islamic Bank sees 30% higher profits in 9M
M&A Brief of the Week
EGX30 ends Thursday near 11,000 pts
Egypt's e-invoice system uncovers tax evasion cases amounting to EGP 3.8bn
Saudi Airlines Catering pens SAR 180m deal with Ma’aden
Saudi Arabia registers 46 new COVID-19 cases
Egypt, Greece ink electricity interconnection MoU
UAE, South Korea to pursue Comprehensive Economic Partnership Agreement
Emerald Development raises EGP 57.6m in public, private offerings
TASI, NomuC end week higher
UAE stock markets end Thursday on varied note
ANRPC invests $12m to raise high-octane gasoline output
Mubadala Capital acquires K-MAC Enterprises
Saudi Arabia’s wholesale prices up 12% in September
Egytrans to establish $200,000 firm, rejects Hassan Allam's offer
ADQ inks agreement to acquire remaining 20% stake in Daman