Latest news

Date Title
EETC inks Toshka electricity supply deals worth EGP 492m
UAE national banks’ branches reach 559 in Q3
Egypt awards 11 companies gold exploration blocks, launches second bid round
M&A Brief of the Week
Egypt’s export subsidy disbursement initiative attracts strong interest
UAE C.bank foreign assets fall 5% in September
Egypt launches mineral exploration tender
UAE C.bank gold reserves down to AED 8.96bn in September
Egypt pays EGP 3bn overdue subsidies to 2,351 exporters
Nama Chemicals shuts down Hassad Petrochemical Complex for maintenance
Orascom Construction reports $65m net profit in 9M
Agility Public Warehousing joins FTSE4Good Index Series
SAFCO EGM approves capital hike to acquire SABIC’s unit
CBE offers EGP 20bn T-bills on Thursday
SADAFCO EGM approves buying back 2.7m treasury shares
Egypt’s cabinet approves deal with EBRD to upgrade Cairo Metro Line I
EGX30 ends Wednesday below 11k pts
Egypt implements EGP 100bn water resources management projects
TASI extends gains on Wednesday for fourth day
Emaar Properties receives AED 40.758bn from backlogs
NI Capital inks deal to acquire Bank Audi’s Arabeya Online
Saudi oil exports rise to 7.09m b/d in September
Shaker Group appoints acting CEO
GFH invests in pre-IPO, global tech companies
Pfizer says final data shows coronavirus vaccine is 95% effective
Egypt’s garment exports exceed $1bn in 9M
Raya’s Aman obtains PCI-DSS certification
Tadweer opens expanded used tire recycling facility in Abu Dhabi
Saudi ministry raises minimum wages of “Nitaqat” Saudi employees
Sheikh Zayed Book Award lists 27 Arab works in Young Author, Children’s Literature
Iraq, Saudi Arabia reopen Arar border crossing for trade
UAE stock markets show mixed performance on Wednesday
KSA’s electricity sector undergoes largest transformation on a global scale
Egypt, Germany agree on EUR 89m funding programmes
Egypt's holdings of US Treasuries rise to two-year high
Barakah Nuclear Energy Plant's Unit 1 achieves 80% power
Maersk sees faster-than-expected quarterly rebound
UAE investments in US bonds down 9.5% MoM in September
Shuaa Capital partners with Arton Capital to support FDI
Saudi investments in US bonds down 27.7% in September
MNHD inks final deal to sell Nasr Utilities and Installations
Aramco signs major LTAs with eight companies for oil, gas brownfield projects
Samih Sawiris still in talks to sell stake in Orascom Housing Communities
UAE cuts 153,000 bpd of oil output in October
EFG Hermes sees 18% lower profit in 9M
Beheira invests EGP 1.127bn in new projects
MIS awarded SAR 58.5m deal from Saudi health ministry
Unikai Foods incurs AED 17m accumulated losses
Moody’s places Buruj's Baa2 IFS rating on review for downgrade
Amanat Holdings reelects Hamad Alshamsi as Chairman
DWF withdraws request to move to Tadawul
IFA lowers share in First Takaful Insurance to settle debts
Saudi PSS, GACA pen deal to enhance passenger, air cargo security
Prime Holding plans to raise Prime FinTech's capital to EGP 100m
Dice reveals assessment of Cairo Cotton Center's assets
USAID supports Egypt with $3.5bn to provide clean water, sanitation services
UAE registers 1,255 new COVID-19 cases
TASI keeps upward performance for third consecutive session
EGX30 breaks through 11k pts at Tuesday's close
Methaq Takaful logs AED 43m accumulated losses
Pfizer launches pilot delivery programme for COVID-19 vaccine in four US states
ADNIC records AED 180m block deals on shares
Madbouly reviews energy achievements in two years
ADX announces AED 476m block deals on Etisalat
UAE stock markets close Tuesday on positive note
Agility in talks to distribute COVID-19 vaccines
Egypt allocates EGP 250m investments to Kafr El-Sheikh University in FY20/21
Nasser Social Bank logs EGP 1.4bn profit in FY19/20
Prime Speed Medical inks deals with five airlines to provide COVID-19 testing
UAE's non-oil trade exchange with Oman records AED 48bn in 2019
Arab Cotton Ginning's loss down 53% in Q1 initial standalone results
Almarai appoints new managing director; CEO resigns
ASCOM’s loss swells 1,285% in 9M
Egypt's e-finance expected to launch IPO in Q1-21
Faisal Islamic Bank's business volume rises to EGP 115.8bn by October-end
Egypt targets budget deficit at 6.5% of GDP in FY21/22
Zahrat Al Waha renews SAR 93m loan with ANB
UAE's trade in pearls, precious stones hits AED 152.6bn in H1-20
Salama comments on Rusd Investment Bank’s allegation
Amlak sells 567,448 shares
Egypt achieves EGP 200m primary surplus in Q1-20/21
Suez Canal generates $27.5bn revenue in five years
MNHD mulls securitisation of receivables from 3,000 delivered units
EGX30 hovers near 11k pts at Monday’s close
TASI settles higher at Monday’s session
UAE tops Egypt's market destinations
Emirates Global Aluminium pens deal for Colombia's first aluminium facility
GSMA reelects stc as board member
Sawiris-backed Endeavour to acquire Teranga Gold for $1.86bn
Egypt’s road to green growth boosted by public-private dialogue – El-Mashat
Lockheed Martin, King Abdulaziz University pen deal to support Vision 2030
Egypt’s Supply Ministry inks deal with AOI to supply bakeries with natural gas
UAE stock markets maintain upward performance on Monday
SRB to supervise Global Equity Fund of Shukr Investments
Red Sea inks utilities contract with ACWA Power led consortium
Lafarge Egypt donates 22k face masks to public hospitals in Delta
DSI logs AED 4.88bn accumulated losses
Delta Insurance's Q1 profit rises 26%
UAE confirms 1,209 new COVID-19 cases
SEC to reclassify SAR 168bn in gov’t liabilities into subordinated perpetual instrument