Latest news

Date Title
UAE stock markets close Sunday in green zone
Wafrah's board proposes capital increase through rights issue share
GASCO’s net profit leaps 479.5% in Q1
Egypt pays EGP 1.3bn aid to workers hit by pandemic
Raya to set up new firm, raise capital of subsidiaries
National Gypsum achieves SAR 14m net profit in Q1
DCT Abu Dhabi issues updated 'Green List' destinations
Flat6Labs raises Egypt fund to EGP 207m
Saudi Marketing logs 47.5% lower profits in Q1
DEWA inaugurates AED 1.1bn electricity transmission substations in 2021
Speed Medical's board approves capital raise
Fawry's profit soars 125.5% in Q1-21
MoF partners with Dubai SME to support SMEs, entrepreneurs
Saudi Cable incurs SAR 36m net loss in Q1
EFG Hermes shareholders approve capital raise via bonus issue
UAE bids to host UN climate change conference 'COP 28' in 2023
TADCO’s accumulated losses down to 5.6% of capital
Arada awards AED 180m construction contract for project in Sharjah
Saudi Research appoints Chairman, Vice Chairman
CIB's profit grows 20% in Q1-21
Dar Alarkan’s net profit jumps 130% in Q1
Ajman Free Zone secures 56% purchases from SMEs, based firms in Q1-21
Raya Holding turns profitable in Q1-21; dividends proposed
Raydan’s Q1 losses deepen 33%
Emirates REIT launches consent solicitation process for new secured Sukuk
DP World appoints new CEO in UAE
M&A Brief of the Week
FRA approves registering Iron and Steel for Mines and Quarries
TASI, NomuC continue to fall on Thursday
Egypt inks EUR 57.5m grant agreements with Germany
CMA declines Jazadco’s request to raise capital for Jazil acquisition
BCI achieves SAR 14m net profit in Q1
Al Mazaya Holding inks KWD 24m credit facility contracts
Ibnsina Pharma eyes EGP 141m investments in 2021
Alkhorayef Water’s Q1 profits decrease 14.5%
Transmar expands service to Jordan, covers some Red Sea ports
Egypt-South Korea development finance portfolio totals $473m
UAE's dnata inks lease agreement to expand cargo operations at Sydney Airport
FRA approves Housing and Development Bank's capital raise
MSMEs essential element to achieve sustainable development - El-Mashat
DFM closes Thursday up; ADX down
DAFZA partners with SCA to support crypto asset trading
Seera extends partnership with Amadeus to adopt NDC
Nile City Investments records 92% lower profit in 2020
Al Mazaya Holding completes off-market trade for 25m shares
Egypt approves $50m loan deal for combating COVID-19
Emirates NBD expected to sell $750m in AT1 bonds
Melinda French Gates acquires stake in Orascom Construction
The Sovereign Fund of Egypt, EFG Hermes ink deals to acquire 76% of aiBANK
Speed Medical's board approves listing shares on DFM
Al Hammadi’s shareholders approve SAR 60m dividends
Orascom Construction reports 4% lower profits in Q1-21
Egypt Gas turns profitable in Q1-21
Saudi Arabia’s wholesale prices up in April
Ooredoo appoints new CEOs in Oman, Algeria
CI Capital Holding's profit plunges 97% in Q1-21
Saudi Arabia’s inflation rate rises in April
TADCO says accumulated losses shrink to 9% of capital
EFG Hermes, TSFE receive Cabinet’s approval to acquire aiBANK
Samena Limestone sells 17.55% stake in RAK Ceramics
Jazadco achieves SAR 2m net profit in Q1
CBE offers EGP 16.5bn T-bills on Thursday
Saudi German Hospital’s Q1 profits plunge 43%
Dubai opens MENA’s first solar-powered green hydrogen facility
Dubai launches new digital crowdfunding platform for startups
Alexandria Container logs EGP 1.11bn profit in 10 months
Integrated Diagnostics Holdings records EGP 609m profit in 2020
Saudi Paper to boost production capacity through SAR 9m deal
TASI, NomuC end Wednesday lower
Al Kathiri Holding obtains CMA’s nod for SAR 23m capital hike
EGX ends Wednesday in green; market cap down EGP 13.8bn
DIFC sets hybrid format for FinTech Accelerator 2021 to support more FinTechs
Development Works Food acquires 100% stake in seafood firm
Integrated Diagnostics Holdings to debut trading on EGX on Thursday
Gold prices in Egypt fall EGP 3/gram on Wednesday
Saudi Research and Media’s profits soar 41% in Q1
Union Properties denies conversion into private joint-stock company
Iron prices in Egypt jump EGP 5k/tonne in seven months
DFM ends Wednesday up; ADX down
Saudi Arabia requests airlines to register traveller vaccination status
FRA approves Credit Agricole Egypt's capital hike
CBE issues amendments to hotel renovation, tourism support initiatives
UAE to allow 100% foreign business ownership from 1 June
Orascom Construction's shareholders approve dividends for 2020
Sabaa Pharmaceutical's shareholders approve capital raise via bonus issue
Reem Investments to raise AED 6bn in debt, fresh equity
Egypt's micro-enterprise funding portfolio jumps to EGP 47bn
Saudi Arabia’s HVAC market to exceed $4.8bn in revenue – Report
ENOC plans to open 25 new service stations across UAE
Gulf-based firm accepts Raya Contact Center's acquisition offer
Integrated Diagnostics Holdings sees EGP 93m block-trading deal
Khalifa Fund launches multi-format digital knowledge platform
Al Wefaq Developments eyes EGP 1bn investments in New Administrative Capital
Registration in Riyadh Techstars Accelerator begins
ADIB to launch digital platform for corporates in Iraq
PETROJET, Baker Hughes ink MoU to boost cooperation
Taiba Investments turns to loss in Q1
Hub71 selects 16 tech startups in first 2021 cohort
NMC logs higher profit of SAR 36m in Q1
EFG Hermes reports 215% higher profits in Q1-21