Latest news

Date Title
Profits of Saudi banks down 23% in 2020
M&A Brief of the Week
S&P Global ratings on GCC insurance market expected to remain stable in 2021
Assiut Islamic Trading's profit rises 13% in 2020; Chairman votes against proposed dividends
Eastern Co achieves EGP 2.95bn profit in 7M
CBUAE imposes sanctions on non-authorised individual related to exchange house
Flydubai expands operations in Romania with new flights to Cluj-Napoca
HDB reports 7% lower profit in 2020 initial results, eyes EGP 2bn profit in 2021
Alkhorayef Water to start trading on Tadawul next Monday
Edita’s profit down 15% in 2020; board proposes dividends, capital cut
ADSB inks reciprocal agreement with Novamarine
Saudi Cable plans SAR 360m capital increase
CBE offers EGP 18bn T-bills on Thursday
Saudi Steel Pipe’s losses surge 28.7% in 2020
ADNOC, ICE prepare for launching ICE Murban Crude Oil futures in March
ANB annual profit slides 31.5% in 2020
MEPCO inks SAR 123m deal with Italy’s Toscotec for new production line
Emirates NBD's OGM nods to 40% dividends for 2020
Zahrat Al Waha profits down 28.4% in 2020; dividends proposed
SABB swings to losses in 2020
Alinma Investment to pay SAR 18m dividends to Alinma Sukuk ETF Fund
Obour Land's OGM nods to EGP 240m dividends for 2020
TASI, NomuC end Wednesday’s session lower
New Finablr owners in merger talks with Bahrain's BFC Group Holdings
ADF provides SAR 500m in loans during 2020
Misr Cement - Qena reports EGP 33.85m profit in 2020
UAE stock markets close Wednesday in red zone
KSA’s trade surplus hits SAR 165bn in 2020
Dar Al Takaful repays AED 100m of acquisition financing
UAE announces 3,102 new COVID-19 cases
Egytrans plans EGP 0.75/shr dividends for 2020
Cash in circulation outside UAE banks rises AED 16.5bn in 2020
Samba, NCB to not lay off employees after merger
Ebtikar's board approves Vodafone Egypt's 20% acquisition in Bee, Masary
Egypt teams up with Norway’s Sterner to build aquaculture complex
EIPICO logs 27.4% lower profits in 2020
Telecom Egypt achieves 10% higher consolidated profits in 2020; dividends proposed
Elsewedy Electric annual profit down 24.8%; dividends proposed
Majid Al Futtaim records 7% lower revenues in 2020
Saudi trade surplus nears SAR 20bn in December
KSA taps int’l bond markets for second straight month
Abu Dhabi's non-oil trade with Kuwait hits AED 51.3bn over five years
Emirates Driving's board proposes 100% dividends for 2020
Saudi Arabia predicted to see broad-based recovery in 2021 – Jadwa
ADNOC Distribution partners with Amazon to sell products online
Egypt allocates additional EGP 750m for canal rehabilitation project
Arab Co. Asset Management swings to loss in 2020
Najran Cement announces 281.8% higher profit in 2020
Edge partners with US Lockheed Martin to explore opportunities in UAE's aerospace, defence
Tadawul delists gov't debt instruments of SAR 650m
EGX loses EGP 5.3bn in market cap at Tuesday's close
Taiba’s unit ends contractual relationship with Millennium & Copthorne Middle East Holdings
Egyptians can register for COVID-19 vaccine next Sunday
TASI ends Tuesday’s session in green
UAE to provide Germany's Rheinmetall with first designed C-RAM missile system
FRA greenlights MTO for Assiut Islamic Trading.
FRA approves Egyptians for Housing and Development's capital raise
Apollo, GIP bid for $10bn Saudi Aramco pipeline stake
KSA is world’s fifth fastest in container ships handling per hour
GFH acquires mission-critical distribution facility in Chicago for $135m
Egypt's sovereign fund plans to franchise out Wataniya fuelling stations
UAE stock markets close Tuesday in green zone
DAE signs agreement with IndiGo to lease Airbus aircraft
Dice’s shareholder trims stake for EGP 34m
CBUAE inks MoU with Hong Kong Monetary Authority to promote fintech co-operation
Arab Moltaqa Investments posts 24% higher profit in 2020; dividends proposed
Delta Sugar to add new activity
Arab Brazilian Commerce Chamber to open int’l offices in Saudi Arabia, Egypt
Emirates NBD Capital completes 60 debt capital transactions in 2020
Orascom Development Egypt reports 32% higher real estate sales in Q4-20
Egypt to replace all state employees' payroll cards with Meeza by December-end
Peru's exports to UAE record $3.3bn accumulated growth by end of 2020
Egyptian banks instructed to allocate 25% of loan portfolio to MSMEs
Saud Arabia’s inflation expected to rise in Q1-21
Egypt receives 300k doses of China's COVID-19 vaccine
International Holdings opens AED 200m seafood processing facility
Al Ramz turns to losses in 2020
Investcorp’s portfolio company Ageras raises $73 million in new capital
du increases foreign ownership limits to 49%
Etisalat's board recommends AED 3.477bn dividend distribution for H2-20
Walaa Cooperative sees 213.6% higher profit in 2020
Mashroak finances MSMEs in Beni Suef with over 1bn
EGX30 nears 11,550 pts at Monday's close
Non-resident deposits in UAE banks exceed loans by AED 20.1bn in 2020
Tihama’s unit extends exclusive distribution deal with Houghton Mifflin Harcourt
TASI closes Monday’s session down
Nassef Sawiris accepts $4.7bn acquisition bid for Signature Aviation
ENOC opens world's first platinum certified service station at Expo 2020
Alkhorayef Water’s retail offering 1,511% oversubscribed
Al Mazaya's OGM agrees to extinguish KWD 4m accumulated losses
Business owners, employees in KSA encouraged to access Qiwa platform's services
du selects Ericsson to transform 5G RAN
500 Startups, Sanabil Investments to launch Sanabil 500 MENA Seed Accelerator
Egypt to disburse third batch of irregular workers’ aid on 7 March
UAE stock markets end Monday on varied note
Foreign investors on Tadawul sell SAR 116.8m of stocks last week
UAE records 2,105 new COVID-19 cases
UAE's food packaging industry to hit AED 14bn in upcoming five years
Saudi Egyptian Investment and Finance sees 15% higher profit in 2020
United Housing's profit declines 22% in 2020