Latest news

Date Title
UAE stock markets close Thursday in red zone
SoftBank in talks to invest in Dubai-based Kitopi's funding round
ICON asks for trading suspension on shares until completion of demerger
UAE banks' loans record AED 1.763trn in April
TAQA Arabia inks EGP 916m financing deals with NBE
Saudi Arabia’s business activity hits quickest pace since end-2017 – PMI
Egypt cuts export tariffs on nitrogen fertilisers
Abu Dhabi completes $2bn sovereign bond issuance
M&A Brief of the Week
Housing and Development Bank's standalone profit inches up in Q1-21
Southern Province Cement sets up new production line
ADX lists Abu Dhabi Ports' $1bn bonds
Juhayna says no acquisition offer received from ADQ
Saudi Chemical signs agreement with GSK Saudi Arabia
UAE's non-oil economy sees slight improvement in May; employment contracts
Presidential decree approves tax treaty with UAE
Sustainable Capital Africa Alpha Fund raises stake in Orascom Construction
Medical Packaging's profit jumps 54% in Q1-21
Egypt's business conditions still in contraction in May, but outlook improves – PMI
L'azurde’s shareholders nod to 34% capital hike, fluctuation limit announced
ADQ considers acquiring stake in Egypt's Juhayna
Anaam International extends MoU with Wasit
IHC's unit acquires further assets from Murban
Emaar Properties hires banks to issue US dollar Sukuk
QNB Al Ahli decides to sell entire stake in Senouhe for Construction Material
ITFC teams up with UNIDO to support Egypt's cotton industry, Sudan's dairy sector
EGX ends Wednesday varied; market cap loses EGP 2.7bn
National Housing pens SAR 2bn Murabaha deal with Bank Albilad
UAE banks record 30% higher investments in April
Egypt targets to vaccinate 40% of population against COVID-19 by 2021-end
EGX approves listing Housing and Development Bank's capital raise shares
Emirates Development Bank, CBD ink MoU to offer financing solutions to SMEs
Egypt's trade deficit declines to $9.6bn in Q1-21
UAE stock markets end Wednesday on positive note
Egypt's foreign-currency deposits hit 10M high in April – CBE
Saudi banks invest SAR 447.27bn in gov’t bonds in April
Egypt's economy grows 2.9% in Q3-20/21
Mubadala hires banks to arrange for Yahsat's IPO
Aramco plans Sukuk sale to finance $75bn dividends
El-Mashat to take part in St. Petersburg International Economic Forum
Masdar wins Uzbekistan's solar power plant tender
Orascom Financial Holding cuts stake in Beltone for EGP 71.5m
Nile Cotton Ginning buys shares owned by shareholders against voluntary delisting
DIFC partners with Arizona State University's unit to open innovation centre
Egypt allocates above EGP 600bn for rural development project
Ataa Educational inks SAR 125m Murabaha financing
Number of subscribers to Digital Egypt platform reaches 2.2m
Alandalus Property’s shareholders approve SAR 35m dividends for 2020
MSCI upgrades FAB's ESG rating to AA
Alexandria Pharmaceuticals posts 21% lower profit in 10 months
Integrated Diagnostics Holdings reports 230% higher profit in Q1-21
Almarai inks AED 215m agreement to acquire production facility in UAE
Deyaar's board approves Limitless' settlement proposal
CBUAE's foreign assets hit AED 393.78bn in April
Egypt’s food exports to EU countries hit $152m in Q1-21
EGX ends Tuesday mixed; market cap drops around EGP 2bn
TASI ends Tuesday in green; turnover hits SAR 15bn
UAE banking sector's assets hit AED 3.169trn in April
Egypt’s local liquidity nears EGP 5.2rn in April – CBE
ADNOC, TAQA sign agreement to develop utilities at TA’ZIZ
EGX gains EGP 5bn in market cap during May
Mubasher among top five brokerage firms in May
UAE stock markets end Tuesday in green zone
Kamco Invest completes 24% stake exit in Al Mazaya Holding on behalf of client
UAE ranks among top 20 countries in five tourism, travel indices
Raya Contact Center gets FRA's approval for capital cut
Kima incurs over EGP 1bn loss in nine months
du launches new Cyber Defence Centre
Egypt’s manufacturing index climbs 12% in March – CAPMAS
Saudi Arabia sees 24% lower government reserves in April
Mushira El-Maghraby named Chairman of Nasr Company for Civil Works
EGX decides to move Juhayna to "D" list
Abu Dhabi Airports, Masdar complete Abu Dhabi's largest solar-powered car park
NCB Capital, Samba Capital merger expected to come into effect in Q3-21
Iron and Steel for Mines and Quarries begins operations at iron concentration unit
Saudi Arabia records 22% higher trade surplus with Arab countries
Mohammed Hasan AlNaqool Sons to begin trading on Nomu Wednesday
Palm Hills Developments hires new Co-CEOs, Managing Directors
DEWA completes 23% of AED 1.421bn Hatta hydroelectric power plant
Fawry decides to raise issued capital by EGP 400m
UAE banks' liquid assets hit AED 486.58bn in Q1-21
Majid Al Futtaim awards US company consultancy service contract for project in Saudi Arabia
Egypt inaugurates Sidi Kerir, El-Atf power upgrade project at $274m cost
Walaa Cooperative inks SAR 27m deal with Arab National Bank
Saudi CMA approves merger of Samba Capital into NCB Capital
Saudi National Bank appoints Chairman, Vice Chairman
Hadisolb hires liquidator, halts all factories except oxygen plant
TASI records fifth rise in row on Monday, NomuC falls
UAE signs tax treaty agreement with Israel
EGX gains EGP 107m at Monday's close
Advanced Technology Research Council opens office in Masdar City
Misr Hotels targets EGP 23.5m profit in FY21/22
Egypt to complete construction of spinning, weaving factories by mid-2022
CBK issues KWD 360m bonds, related Tawarruq
ADCB receives binding offer from TAT for stake in Alexandria Medical Services
El-Mashat discusses financing development projects with Korea's KEXIM
UAE ranks first globally in purchasing advanced technology products in 2020
EGX mulls Egyptians for Housing and Development's capital raise request
Al Mazaya Holding announces off-market trade on 60m shares
Egypt’s petroleum exports jump 34% in Q1-21