Latest news

Date Title
MEPCO renews SAR 226m credit facilities deal with Riyad Bank
UAE stock markets end Monday on varied note
Jarir inaugurates new showroom
Salama's net profits hike 84% in Q1-21
Satorp’s net losses widen 4% in Q1
India buys 300k doses of remdesivir from Egypt's Eva Pharma
Emaar Properties' net profits rise 8% in Q1-21
EIPICO's profit falls 6% in Q1-21
UAE flights from four countries to be suspended
SADAFCO records SAR 261m net profits in full year
EGX announces Eid El-Fitr holiday
Metallurgical Industries Holding ends talks over Sahara Group's finance offer
Dubai's non-oil private sector on track to pre-COVID levels- IHS Markit
Saudi Arabia’s annual GDP contracts by 3.3% in Q1
Prime Holding's loss narrows 35% in Q1-21
Watania records 74% higher profits in Q1-21; lower accumulated losses
Misr Hotels plans EGP 70m investments in FY21/22
Saudi Fisheries Q1 losses shrink 11.5%
Naeem Holding reports lower losses in Q1-21
Raya Contact Center's profit sinks 80% in Q1-21
BinDawood records SAR 62m net profits in Q1
Air Arabia sees 52% lower profits in Q1-21
Orascom Development Egypt's profit jumps 377% in Q1-21
Chubb Arabia achieves lower net profit in Q1
Egypt's headline inflation rises 1.2% in April – CAPMAS
Shuaa Capital turns to profitability in Q1-21
CBE offers EGP 13bn T-bonds on Monday
ADNOC Distribution sees 58% higher profits in Q1-21
Emaar Malls reports 16% lower profits in Q1-21
Egypt to produce first 2m Sinovac vaccine doses by June-end
Apache Egypt investments exceed $20bn – David Chi
Egypt's cooperation portfolio includes six petroleum projects worth $1.1bn
EGX ends Sunday mixed; market cap grows EGP 4.9bn
Environment Ministry cooperates with Geocycle Lafarge on pesticide disposal
UAE stock markets close Sunday's session on positive note
Nozha International Hospital's profit rises 14% in Q1-21
Emirates Investment Bank turns to profitability in Q1-21
Ash-sharqiyah Development’s Q1 losses shrink 38.5%
Naseej International incurs 73% lower losses in Q1
Kima names new Executive Managing Director
ADNOC invites banks to bookrunner roles for drilling unit IPO
Banque Saudi Fransi to pay SAR 480m dividends for 2020
National Gypsum’s shareholders approve SAR 0.6/shr dividend
SISCO to pay dividends worth SAR 65.2m for 2020
Amlak International logs SAR 25m net profit in Q1
Jarir’s Q1 profits grow 6% YoY
Emaar The Economic City’s board proposes SAR 2.8bn capital hike
SASCO achieves SAR 12m net profits in Q1
Arabian Cement’s Q1 net profit totals SAR 67m
SARCO turns to profit amid higher sales in Q1
Sumou’s shareholders nod to 50% capital raise; fluctuation limit announced
Egypt’s gas sector grows 25% in 2020 – El-Molla
Masdar, Finland’s Taaleri Energia to develop solar plant in Greece
UAB turns to profitability in Q1-21
Mubadala’s comprehensive income hits AED 72bn in 2020
FAB completes share transfer process to acquire Bank Audi Egypt
Shuaa Capital sells 20% stake in MIPCO to Japanese investor
IHC generates AED 1.332bn profits in Q1-21
Aramex reports lower profits in Q1-21; higher revenues
Aramex names new CEO
Tabreed posts 4% higher profits in Q1-21
United Arab Stevedoring’s loss down 5% in nine months
Tawuniya logs SAR 80m consolidated net profit in Q1
Suez Customs collects EGP 3bn customs, taxes in April
Alandalus Property’s Q1 profits increase 55%
IHC's unit acquires stake in US-based digital media platform
Hadisolb achieves EGP 816m revenue in 10 months
Egypt Aluminum awards CEGMAN car wheel rim production line contract
Moro Hub, Huawei to build largest solar power data centre in Middle East, Africa
Elsewedy Electric enters Asian market with $60m acquisitions
Chemanol turns profitable in Q1
S&P Global affirms Egypt's sovereign credit rating at B; outlook stable
Deyaar logs AED 1.73bn accumulated losses
Saudi National Bank approves SAR 3.6bn dividends
NBK Egypt's profit inches up in Q1-21
Etisalat completes EUR 1bn bond issuance
CBE offers EGP 18.5bn T-bills on Sunday
Almarai’s subsidiary concludes SAR 150m equity acquisition
Arkan receives offer to combine with Senaat's Emirates Steel
Saudi Printing appoints Chairman, Vice Chairman
Dana Gas reports 41% higher profits in Q1-21
M&A Brief of the Week
Egypt to receive 1.7m doses of COVID-19 vaccine from COVAX next week
SDAIA, IQVIA to support AI solutions in health sector
EGX30 rises above 10,500 pts at Wednesday's close
Saudi Arabia sets up new department for tourism sector
Yield on Egypt’s T-bills hits highest level since November 2020
Consumer appetite for digital payments increases in KSA – Mastercard
UAE stock markets close Wednesday on varied note
Kahira Pharmaceuticals posts 12% higher profit in nine months
ADNOC Distribution receives approval to acquire 15 stations in Saudi Arabia
IFC injects $421m investments into Egypt's private sector in 2020
New Zakat, Tax, Customs Authority to enhance business sector
Altibbi launches first Arabic app to support mothers among $8.5m investments
Aldar selects three global PropTech startups for Scale Up accelerator programme
Saudi Airlines Catering incurs losses in Q1
SEC turns profitable in Q1-21
DIFC partners with MENA FinTech Association to develop future of finance
Egypt invests EGP 110m in upgrading electricity distribution networks in Qalyubia
Dubai Aerospace Enterprise sees lower profits in Q1-21