Latest news

Date Title
IFA receives approval to sell 17m treasury shares
Egypt receives 30k car replacement applications
Saudi M&A market attracts international players - Report
Masdar acquires 50% stake in wind farms in Poland
Egypt Free Shops reports 7.5% lower standalone profit in H1-20/21
Aldrees Petroleum mulls 25% capital raise
Dubai's CPI down 3% in 2020
Aldrees' FY20 earnings down 58%; dividends proposed
Agthia's board nods to Nabil Foods acquisition
Ataa Educational takes over 52% of Al Wasat National Schools
NBE, Banque Misr launch Gardenia City with EGP 26bn investments
EGX loses EGP 1.5bn in market cap at Monday's close
Egypt’s Benban Solar Park named best Arab government infrastructure project
Egypt spends EGP 21bn on roads, bridges – Minister
Mulkia Investment to distribute SAR 6.8m in REIT dividends
Sadr hires financial advisor to manage subscription of priority rights shares
KSA issues over 11K construction licences in December
Egypt builds 2,290 units in five industrial complexes
TASI returns to gains on Monday
First Saudi forum for family businesses sustainability to kick off this month
Dubai Maritime City announces completion of 80% of Phase 1 infrastructure works
Egypt’s inflation rate slows down to 5.7% for first time in 14 years
Egypt supports tourism, aviation sectors with EGP 5bn during pandemic
EGX develops EGX30 index methodology
Foreign investors on Tadawul buy SAR 1.42bn of stocks in week
Egypt aims to deliver natural gas to 1.2m households in FY20/21
Saudi ADF pens SAR 2.5bn worth of agreements with 5 lenders
Egypt supports exporters with EGP 21bn
SABIC hires NCB for speciality chemicals unit IPO
Banks in UAE provide 4% higher loans in November
Foreign investments in Egypt's debt instruments rise to $26bn
UAE banks’ investments in bonds, stocks rise in November
Egypt allocates $1.6bn to buy COVID-19 vaccines
CBE offers EGP 17bn T-bonds on Monday
About 300K people in KSA vaccinated against Covid-19 - health official
Egypt nears completion of vaccine complex at EGP 142m cost
EGX ends Sunday mixed; market cap rises EGP 3.5bn
Emaar to support development of Rixos Emerald Shores resort project
Ministry of Public Business Sector responds to critics of Hadisolb’s liquidation
TASI, NomuC end Sunday’s session lower
Tihama’s unit inks SAR 9m deal with Saudi Broadcasting Authority
Egypt allocates EGP 5.5bn for Hayah Karima Phase I
MEPCO extends SAR 101m loan deal with Riyad Bank
Mubadala, Adnoc Group, ADQ form “Abu Dhabi Hydrogen Alliance”
UAE C.bank’s assets total AED 441bn in November
Hadisolb reveals proforma financial results of demerged, resulting companies
Emirates’ trade surplus with GCC hits AED 3bn in 9M
Alexandria Container’s profit falls 15% in H1-20/21 unaudited results
Saudi Arabia sets up SAR 1bn firm to develop holy sites
Domty authorises EALB to mortgage bakery production line
EG Bank's standalone profit down 7% in 2020
Talaat Moustafa Group reveals new project with EGP 500bn investments
Orascom-Siemens-Arab Contractors consortium inks MoU to build high-speed rail system
Third edition of Future Projects Forum to kick off in March
Bank ABC inks deal to acquire Blom Bank Egypt
CBE offers EGP 16bn T-bills on Sunday
Expo 2020 Pavilions Premiere reveals Terra to visitors ahead of World Expo
CI affirms UAE’s sovereign ratings with stable outlook
Saudi Fransi Capital to pay SAR 8.2m in REIT dividends
NCB plans issuing dollar Additional Tier 1 Sukuk
Bahrain's Bank ABC completes acquisition of Blom Bank Egypt for $480m
Talaat Moustafa Group's unit gets approval to develop 5k feddans in Capital Gardens City
Egypt approves power purchase deal for Gulf of Suez wind farm
Egypt Ventures leads $1m funding round for life science startup Nawah
Amer Group’s units complete EGP 607m securitised bond sale
EGX30 rises above 11,400 pts at Thursday's close
Egypt settles EGP 16bn taxes with petroleum companies
Egypt's debt servicing costs drop 8% in 6M
Egypt’s government investments rise to EGP 102bn in H1-20/21
Egyptian banks' balances abroad surge to $20bn at December-end
ITC Launches 5G for Enterprise Customers
UAE stock markets close Thursday in red zone
Egypt achieves primary surplus of EGP 14bn in H1-20/21 despite COVID-19
UAE announces 3,382 new COVID-19 cases
CIRA's profit rises 12% in three months
Domty sees 26% higher sales in Q4-20
Egypt inks MoU with Siemens to build Ain Sokhna-New Alamein electric rail
El-Sisi issues three presidential decrees
NCLE's shareholders nod to 8% dividends
Elsaeed Contracting to build EGP 270m water purification plant in Luxor
M&A Brief of the Week
Saudi Arabia's wholesale inflation rises 5% YoY in December 2020
Egypt inks deal to secure $1.1bn from ITFC
Siemens to build 1,000-km electric rail network worth EGP 360bn in Egypt
CBE offers EGP 20bn T-bills on Thursday
Saudi Arabia sees 5.3% higher inflation rate in December
ADIO opens eight offices in global markets
Ducab appoints new CEO
Egypt ranks second in MENA’s VC investment in 2020
Egypt Aluminum resumes operations at all facilities
EGX ends Wednesday in green; market cap rises EGP 2bn
Saudi Aramco slashes February oil supplies to some refiners in Asia
ADX lists Foodco National Foodstuff on second market
Egypt cuts price of jet fuel to support aviation, tourism sectors
Heliopolis Housing launches auction to sell 270-feddan land plots in New Heliopolis City
UAE's non-oil foreign trade hits AED 1.3trn in 9M
IFA witnesses precautionary seizure by local bank
UAE stock markets maintain upward performance on Wednesday
Saudi Aramco aims to secure $7.5bn loan for oil pipeline investors
Egypt Aluminum’s annual losses exceed capital; employees strike for bonuses