Latest news

Date Title
SAMA says Aber project achieves main objectives
UAE stock markets close Wednesday in red zone
GEMMA reports higher net profits in Q1-21
Mopco records 48.5% higher profits in Q1 consolidated financials
UAE's holdings of US Treasury bonds hit $43.7bn in April
Pioneers Holding’s board approves split proposal
Al Rajhi Partners raises stake in RAK Ceramics
Indonesian government lists $3bn Sukuk issuances on Nasdaq Dubai
Saudi Arabia’s holdings of US treasuries fall to eight-month low
DIB sells $1bn in five-year Sukuk
Al Ezz Dekheila Steel turns profitable at over EGP 1bn in Q1
ADNOC's unit awards Italian company $510m contract to expand Shah gas plant
DAMAC appoints independent committee to assess Maple Invest's acquisition offer
Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks
DP World weighs selling stake in Jebel Ali Free Zone
Dubai's CPI down 3% in May 2021
DP World sees 4% higher number of parks, economic zones in 2020
Saudi Arabia’s inflation rate hits 5.7% in May; wholesale prices up
Orascom Investment signs EGP 200m deal for Sound and Light shows
TASI ends Tuesday in red; NomuC rises
South Valley Cement’s Q1 losses shrink 14%
Minapharm achieves net profits worth EGP 122m in Q1
HD Bank logs EGP 651m in Q1 consolidated profits
ACWA Power raises nearly SAR 3bn via Sukuk issue
Palm Hills’s Q1 net profits jump 152%
Domty turns to loss exceeding EGP 3m in Q1
Arabia Investments records EGP 15m net profits in Q1
Al Naqool starts pilot production of SAR 20m project in Egypt
Tihama appoints new CEO
Watani Iron Steel fully repays loan from SABB- Alawwal Bank
Raydan inks $30,000 deal with Egypt’s Golden Star
Saudi Chemical extends agreement with Hellmann
Qalaa Holdings explains Chairman’s travel ban situation
Eastern Company denies plans to issue securitized bonds
Arab Moltaqa posts 226% higher profits in Q1
NCH extends losses by 1,093% in Q1
Ataqa posts 361% higher profits in Q1
Saudi Arabia to raise working capital in Egypt to $50bn
RAK Cement says no critical news behind rising share price
Malabar redomiciles to DIFC, joins Nasdaq Dubai
SCA approves Al Khazna Insurance capital cut
TASI closes Monday higher; NomuC falls
El Kahera Housing’s Q1 profits plunge 86%
Rowad Misr incurs 14% higher losses in Q1
Arab Drug records 8.5% rise in 11-month profits
ADX reveals insider trading prohibition period
ADX lists EUR 1bn bonds issued by Etisalat
Arab Dairy’s Q1 profits leap to EGP 8m
Stanford Marine secures $45m bank loan
Pioneers Holding’s Q1 profits grow 10.5%
Saudi Arabia’s GDP falls 3% in Q1-21 as oil sector declines
DIB to issue five-year USD-denominated Sukuk
ADQ could soon invest $500m in Flipkart
UAE’s medical device market to hit over AED 5.5bn by 2025
Egypt auctions T-bonds worth EGP 16.5bn on Monday
Maharah Human appoints Acting CEO
SABIC Agri-Nutrients to pay SAR 595m dividends for H1-21
Egypt, EBRD discuss joint cooperation within new strategy
Egypt-Algeria bilateral trade expands by 14% in Q1
Banque Misr signs EGP 500m contract for Tamkeen microfinance project
Kuwait Insurance to start EGP 100m life insurance firm in Egypt
Elsaeed Contracting records 69% rise in Q1 profits
DEWA to add 600MW clean energy capacity in 2021
MIS obtains SAR 332.5m loan from Banque Saudi Fransi
UAE markets close lower on selling pressures
Electro Cable achieves EGP 9m in Q1 net profits
Unipack records EGP 5m profits in Q1-21
TASI ends Sunday in green; NomuC declines
Giza General Contracting records 127% rise in Q1 profits
United Housing records 38% higher profits in Q1-21
SADAFCO’s board proposes SAR 96m dividends for FY20/21
Dubai says 80% of new COVID-19 cases were unvaccinated
Arab Sea receives ministerial nod for setting up new firm
Dubai’s external trade grows 10% in Q1
Egypt to invest up to $4bn in green hydrogen production
Egypt plans electricity interconnection with Saudi Arabia
Ma’aden nears completion of over $6bn Phosphate 3 project
EGX Chairman expects 4-5 IPOs in H2-21
Astra Industrial’s unit partners with Moderna to commercialise vaccine
October Pharma’s Q1 profits leap 402%
Alexandria Medical Services Q1 profits rise 138%
DSI turns to profit at AED 115m in Q1; accumulated losses reduced
Emaar Misr posts 114% higher profits in Q1
Egypt offers EGP 18.5bn T-bills on Sunday
Saudi Research’s unit pens deals worth SAR 200m yearly
Taiba Investments, Dur Hospitality consider merger
M&A Brief of the Week
Egypt implements 320 agricultural projects worth EGP 40bn in seven years
Bahri ranks 40th on Forbes Middle East’s top 100 list
Saudi Arabia records 1,286 new COVID-19 cases
EGX30 ends Thursday below 10,000 pts
Ataa Educational’s nine-month profits shrink 61.5%
DP World's P&O Ferrymasters to build warehouse at Genk in Belgium
TASI, NomuC close Thursday in green
Egypt converts 363k cars to run on natural gas – El-Molla
Al Shams Housing's profit inches down in Q1-21
UAE, Saudi Arabia see above 50% rise in finance app installs
ADFD signs AED 367m agreements with Turkmenistan
Egypt invests EGP 1.1bn in upgrading electricity networks in Luxor
UAE stock markets close Thursday on positive note