Latest news

Date Title
Egypt launches unified automated tax payment system
Al Khodari begins investigation on projects' withdrawal
TASI inches down on Sunday for second day
Suez Canal revenues hit $5.61bn in 2020
Dubai's industrial production index up 12.37% in Q3-20
Saudi ADF teams up with Al Rajhi Bank, Samba
UAE stock markets close Sunday on green note
UAE comes first globally in macroeconomic stability index
King Abdullah Economic City, Bank Aljazira pen cooperation agreement
MB for Engineering decides to acquire competitor
UAE announces 1,590 new COVID-19 cases
Hadisolb approves land valuation at EGP 1.23bn to settle debt
ECZA inks MoU with PMI-KSA for strategic partnership
Egypt's MSMEDA offers EGP 3.7bn funding in 11M
Fawry's shareholders approve capital raise, EGP 160m loan deal
NMC renews medical services deal with GOSI for 3 months
DAE repurchases $100m common shares
GB Lease completes EGP 2.01bn securitised bond offering
Saudi Paper’s remaining rights issue shares 433.1% subscribed
UAE's consumer spending expected to grow 4% in 2021
Musharaka Capital to pay SAR 26.4m REIT dividends
Egypt approves Sinopharm COVID-19 vaccine for emergency use
Najran Cement announces developments on establishing transportation firm
CBE offers EGP 16bn T-bills on Sunday
Reportage Properties sees 125% higher sales in 2020
National Building’s EGM approves 100% capital hike
Saudi Re, MedGulf pen reinsurance contract at SAR 130m
UAE leads world in Islamic finance industry
ACIG, SIEC submit capital raise requests to CMA
Al-Rajhi Takaful renews motor insurance contract with ALJUF, UIS
Egypt to co-establish new shipping company
EGX generates higher liquidity in 2020 despite COVID-19 crisis
ODE temporarily halts construction of project in Amoun, Qelada islands
Alhokair Group submits capital cut, increase requests to CMA
Number of tourists visitng Egypt falls 69.5% since early 2020
Abo Moati renews SAR 70m loan deal with SAIB
DXB Entertainments appoints Acting CEO
Sumou pens swap agreement in real estate projects
Egypt extends deadline for settling construction violations until March-end
Al Etihad inks agency agreement with Watad National Company
ADCB purchases stake in Alexandria Medical Services for AED 64m
EIB provides Banque Misr with EUR 425m to support SMEs
TASI down 0.81% on Thursday; turnover at SAR 6.8bn
Aldar sells Abu Dhabi Golf Club Complex for AED 180m
UAE records 1,730 COVID-19 cases
Monshaat, ANB team up to provide franchise-related financing products
UAE stock markets close Thursday in red territory
CHG comments on competition regulator's decision on Alameda acquisition
M&A Brief of the Week
Ministry of Supply offers three investment opportunities worth EGP 5.5bn in Ismailia
Ash-Sharqiyah Development mulls SAR 225m capital increase
Heliopolis Housing to sell land plots in New Heliopolis
Abu Dhabi's non-oil foreign trade hits AED 16bn in June 2020
B Investments Holdings approves Béard stake sale
Raya Holding sells 24% of Aman Electronic to NBE
Beltone receives US regulatory approval to sell Auerbach Grayson
Abu Dhabi’s inflation down 2.3% YoY in October
Hadaf to launch third stage of “Doroob-In” programme on Friday
GB Auro's unit completes EGP 892m securitised bond offering
ADX announces 50% capital cut for Gulf Cement in CSD department
Elsewedy Electric approves facility contract with Banque Misr
Dubai records 1.6% higher population in Q4-20
Saudi competition authority fines 3 firms SAR 15m
Egyptian Competition Authority opposes CHG's acquisition of Alameda
IFA reschedules KWD 20m debt over five years
CBE offers EGP 20bn T-bills on Thursday
Bank Aljazira authorises board to pay interim dividends for FY21
Etisalat Digital partners with FAB for IoT Smart Building project
Raydan Food submits request to CMA for SAR 112.5m capital raise
ADNOC Distribution executes AED37m agreement to acquire service stations in Saudi Arabia
Al Babtain Power to pay SAR 42.6m in FY20 dividends
EGX resumes MTO on Nile Cotton Ginning's shares
Amer Group's units ink EGP 607m securitised bond issuance contracts
Egypt becomes self-sufficient in five commodities
DXBE board approves to appoint advisors for Meraas' offer
Saudi German Hospital recommends awarding SAR 264.7m project to Megamind IT Solutions
SASCO renews, reschedules existing loan with Riyad Bank
Egypt pays EGP 20bn in overdue export subsidies in 2020
Al Madina for Finance's unit sells stake in Tatweer Capital for KWD 2m
TASI closes Wednesday's session up for second day
Egypt's NTRA inks $1.17bn mobile spectrum agreements
Saudi banks raise investments in gov’t bonds 12% in 11M
GCC records $142bn bond, Sukuk issuances in 11M
GCC governments could see $157.1bn in fixed income maturities in 5 yrs
UAE stock markets close Wednesday in red zone
Monshaat, TBC team up to facilitate contracting with SMEs
Egypt’s trade deficit shrinks $7bn in 11M
UAE confirms 1,723 COVID-19 cases
Provis achieves AED 6.5m energy, cost savings in 2020
Egypt’s Ministry of Housing establishes EGP 19.23bn projects in FY20/21
Ma'aden to provide phosphate fertilisers to Bangladesh
Nile Cotton Ginning's board approves voluntary delisting from EGX
Kafalah allocates SAR 176m to support Saudi tourism sector
Egypt Gas approves Petromaint's capital raise
Saudi consumer spending slides SAR 106bn in 11M
Egypt’s manufacturing index declines 2.5% in October – CAPMAS
KSA economy to be more diversified after digital economy policy approval
Egypt’s monthly electronic government receipts surge to EGP 4bn post-COVID
Orascom Construction's board nods to $0.21/shr interim dividends
Egyptian banks’ assets rise to EGP 6.4trn at June-end