Latest news

Date Title
Egypt's ITDA currently building 18 projects with EGP 49bn investments
DAFZA appoints new CEO for B2B eMarketplace Tradeling
UAE stock markets end Sunday on positive note
UAE records 1,992 new COVID-19 cases
UAE occupies 13th position globally as preferred work place for foreign nationals
Raya Holding's loss shrinks 46% in 2020
Egypt inks EGP 2.4bn deal to build Kafr El-Dawwar textile industrial complex
Egypt aims to boost share of green investments to 30% in FY21/22
DXBE's debt conversion to have no negative financial impact on Emirates NBD, DIB
Zoujaj turns profitable in 2020
Galxo Group rejects offer to sell shares in GSK Egypt
RAK White Cement registers lower profits in 2020
Alahli Takaful renews insurance deal with NCB for SAR 148m
Aldar offers to acquire majority stake in EGX-listed SODIC
Egypt develops EGP 900bn water resource plan
Al Othaim Markets to distribute SAR 3/shr dividends
SACO posts 39% higher profits in 2020
Egypt to launch new logistics zone in El-Dakahlia with EGP 2bn investment
SABB completes merger with Alawwal Bank
El-Sisi to review draft budget for FY21/22 this week – Maait
UAE's Masdar inks MoU with Ethiopia to develop 500 MW solar projects
Shuaa Capital sells 9m treasury shares
Salama reports higher net profits in 2020 audited financials; dividends proposed
Astra Industrial earnings jump 289% in 2020; dividends recommended
Egyptian Resorts Co registers lower losses in 2020
TASI ends Thursday’s session on marginal losses
CBI's board proposes capital raise through new shares issuance
Arab Drug sees 18% higher pretax profits in 8M
UAE stock markets maintain upward performance on Thursday
Financial institutions to record 30% higher sustainable bond issuance in 2021 - Moody's
South Valley Cement approves rescheduling debts
Ministry of International Cooperation holds second meeting for Kitchener Drain Depollution project
Microsoft cloud ecosystem to generate $27bn revenues in UAE by 2024
October Pharma profits jump 161% in 2020; dividends, bonus shares proposed
M&A Brief of the Week
Remco's EGM approves Technolease's offer to acquire Orient Tours
MM Group annual profit down 22%; bonus shares proposed
Dubai Investments' board proposes 8% dividends for 2020
Masdar, Malaysia's Petronas ink MoU to explore renewable energy opportunities
NMC partners with Tabrak Najed to develop Riyadh Care Hospital
Lawsuit filed against BinDawood’s Danube by Arab Dalla dismissed
CBE offers EGP 18bn T-bills on Thursday
Dubai-based Ayana forms joint venture with Marsan for $1.6bn project in US
Saudi Fisheries’ losses increase 37% in 2020
Shuaa Capital reports 168% higher profits in 2020 consolidated financials; dividends proposed
Saudi Al Alamiya profits shrink 94% in 2020
Sipchem posts 41.3% lower earnings in 2020
Dana Gas's board proposes 5.5 fils/shr dividends for 2020
Tihama buys 35% of unit at SAR 7.25m
Arriyadh Development plans SAR 0.65/shr dividends for H2-20
City Cement to set up new subsidiary at SAR 500K
Egypt not to accept paper invoices for VAT refund in 2022
Edita receives FRA's approval for capital reduction
Egyptian pound at strongest level since October 2016
EgyptAir Tourism and Duty Free inks cloud deal with IBM
TASI hits highest level since 2015 at Wednesday's close
Egypt's GDP grows 2% in Q2-20/21; urban inflation seen in single digits this year
Hassan Allam's unit offers to integrate businesses with Egytrans
UAE, Africa to foster trade exchange through export credit alliance
Al Shams Housing's profit up 10% in 2020 initial results
El-Tor Port receives first commercial Ship in years
Saudi Arabia's PIF inks $15bn revolving credit facility
UAE stock markets resume upward performance on Wednesday
Misr Chemical Industries targets EGP 203m investment in FY21/22
UAE records 2,204 new COVID-19 cases
Settlement deals on reopening Damietta LNG plant enter into force
Arab Health, Medlab Middle East support Dubai economy with AED 756 million in 2020
EGX approves listing Fawry's capital raise shares
Dubai extends freeze on government fees until 2023
Qatar Petroleum signs agreement to develop LNG carrier designs
SABIC posts SAR 70m annual net profits in 2020
ADNOC partners with Malaysia's Petronas to collaborate in oil, gas value chain
Advanced Petrochemical's unit receives approval to allocate feedstock for petrochemical complex
Egypt inks $3.5m grant deal with Japan, UNIDO to support circular economy
Abu Dhabi Aviation's OGM nods to 10% dividends for 2020
Egypt’s annual headline inflation stable at 4.9% in February
Bank loans rise to EGP 2.38trn at end of October 2020
DXB Entertainments' OGM approves capital rise, bank debt conversion
Bank deposits grow to EGP 5.08trn at end of October 2020
DIFC records 20% higher number of new operating companies in 2020
UAE banks' profitability expected to remain under pressure in 2021 - Moody's
FRA approves Al Baraka Bank - Egypt's capital raise
Eastern Mediterranean Gas Forum's statute enters into force on 1 March
EGX30 slides below 11,350 pts at Tuesday's close
Gold gains EGP 10/gram on Tuesday
Petrochem's board proposes 7.5% dividends for 2020
Egypt inks deal to implement smart app system for managing Knowledge City
Egypt to start pilot operation of new capital's government district in August
Mubasher's Du seeks to turn novice investors into professional traders
Northern Cement achieves 17% higher net profits in 2020
TASI, NomuC end Tuesday’s session higher
UAE stock markets end Tuesday on negative note
Saudi Arabia is one of largest 20 countries investing in Malaysia – Minister
INTERCEM discusses supporting women in cement industry
ADQ develops DisruptAD to support venture capital efforts
CBE to launch multicurrency real-time gross settlement on 22 March
ADCB appoints financial advisor to sell stake in Alexandria Medical Services
Egypt’s trade deficit shrinks 14% in December 2020
Over 500,000 Saudi companies use HRSD Qiwa platform
Saudi Ceramic receives go-ahead from CMA for 33.3% capital raise