Latest news

Date Title
M&A Brief of the Week
Eastern Co comments on reports about new cigarette production licence
UAE stock markets close Thursday on varied note
Alexandria Customs collects EGP 7.03bn customs, taxes in February
Egypt allocates EGP 703m in new funding for veal project
UAE registers 2,101 new COVID-19 cases
Orient Insurance's shareholders agree on 40% dividend payout in 2020
CBUAE launches large-value, retail payment regulations
SAIB's shareholders approve cash dividends for 2020
Verto Holding acquires 90% of National Drilling Co for $21.1m
CBD elects Humaid Al Qutami as chairman
Al Salam Bank's OGM nods to 5% dividends for 2020
eXtra's board proposes SAR 2/shr dividends for H2-20
AXA Cooperative Insurance's net profits climb 54% in 2020
Ajwa Egypt's loss shrinks 94.5% in 2020 on higher sales
EFG Hermes partners with Universal Group to launch e-commerce platform
CBD's shareholders approve 20% dividends for 2020
CBE offers EGP 17bn T-bills on Thursday
UAE banks record 8% higher investments in debt securities
Etisalat's OGM approves 40% dividends distribution for H2-20
DP World's adjusted EBITDA hits $3.319bn in 2020
CIB cuts stake in CI Capital in EGP 322m transaction
Egypt's House of Representatives approves $217m development financing deals
Du Invest offers investment, savings schemes to individuals, institutions
Abu Dhabi Airports requests local banks to pay AED 3bn guarantees for delayed project
TAQA considers selling oil, gas assets
Egypt expects arrival of 5m doses of AstraZeneca vaccine by March-end
Dubai National Insurance's OGM approves 30% dividends
Egypt receives 58,745 applications for vehicle replacement incentive initiative
UAE banks' loans rise 2% in January 2021
RAK Cement logs lower net losses in 2020
Porto Group Holding set to launch new JV in near future
ENOC renews partnership with Wardieh Holdings to market jet fuel in Lebanon
Egypt to establish EGP 250m cotton seed oil extraction company
Sarwa Capital's shareholders approve cash dividends for 2020
National Building completes acquisition of Ajeej Company
Speed Medical Company appoints financial advisor for FV assessment
Arab Cotton Ginning turns profitable in H1 initial consolidated results
DGCX to launch world's first Pakistani Rupee futures contract
Hadisolb achieves EGP 683m revenue in eight months
Alahli Takaful Co’s profit inches up in 2020
EFG Hermes posts EGP 1.3bn profit in 2020; bonus issue proposed
Emaar Development’s OGM considers withholding dividend distribution
Domty inks deal with FrieslandCampina to launch JV for cheese export
SAICO turns to profitability in 2020
CBE reveals requirements for new mortgage initiative
ADCB completes sale of 49% stake in Orient UNB Takaful to Orient Insurance
DIB’s shareholders approve 20% dividend
ADNOC Distribution’s OGM nods to amendment to dividend policy for 2022
Shuaa Capital names new CEO for real estate portfolio
Egypt completes EGP 3.3bn projects in New Valley Governorate
Egypt inks MoU with Thales to develop AI-powered applications
Dubai's inflation down 4.5% in February 2021
EIC turns to profitability in 2020
EGP inches down against USD at local banks on Tuesday
Mubadala considers buying NMC hospital business
Banque Misr ups stake in CI Capital to 90% for EGP 3.07bn
Faisal Islamic Bank’s business volume rises 11% YoY in February
NADEC turns to profits in 2020
Naeem Holding's EGM mulls capital reduction to write off treasury shares
UAE stock markets end Tuesday on marginal gains
Porto Holding eyes EGP 1.3bn investments in 2021
UAE’s first GE HA turbines installed at Sharjah's Hamriyah Independent Power Plant
Egyptian research reactor inks new deal with Russia's NCCP
Binghatti Avenue to be delivered in Q1-22
Arab Co. for Asset Management approves offer to sell land in El-Minya
Saudi Arabia's holdings of US Treasury bonds decline 26% in January
GASCO supplies 61bn cubic metres of gas in exports, local sales in 2020
Saudi Arabia’s GDP achieves 2.5% quarterly growth in Q4-20
CBUAE's foreign assets hit AED 378.1bn in January
Orascom Development Egypt's profit down 22% in 2020
Almarai acquires Bakemart in UAE, Bahrain for AED 93.5m
GEMMA swings to loss in 2020
Shuaa Capital sells 3m treasury shares
El-Sisi orders minimum wage, pension raises in FY21/22
Egypt targets 9% higher spending in FY21/22 budget
UAE's holdings of US Treasury bonds rise 5% YoY in January
UAE banks' gross assets increase 3% in January
EGA posts 63% higher adjusted EBITDA in 2020
Egypt opens regional centre for grain trading technology
Palm Hills partners with Inspired to launch first King’s School in Egypt
TASI ends Monday's session down
Suez Canal Bank gets FRA's approval for EGP 704m capital raise
UAE banking system records AED 13bn resident deposits in Q4-20
International financial institutions positive on Egypt's economic outlook
Bayt El-Khebra raises stake in Egyptian Resorts for EGP 54m
UAE banking system's overall liquidity returns to pre-COVID-19 level - CBUAE
DMCC adds The Place Business Centre to business community
Shuaa Capital sells 632,440 treasury shares
Speed Medical's board approves FV study for New Al Safwa Specialized Hospital
UAE stock markets close Monday's session in green zone
UAE registers 1,898 COVID-19 cases
FRA orders suspension of trading on Dice's shares
Egyptian expat remittances rise to $29.6bn in 2020
Arabia Investments Holding to contribute EGP 20m to UE Finance's capital raise
Malath Cooperative records 23% higher net profits in 2020
AL Maather REIT Fund to distribute SAR 0.39/unit for 2020
Sawaeed Holding's OGM nods to 10% dividends for 2020
Egytrans responds to share-swap offer by Hassan Allam's unit
Dubai's Nakheel considers selling district cooling assets