Latest news

Date Title
Bazeem profits rise 27% in 2020; plans 17.5% dividends
Southern Province Cement posts 31.5% growth in annual profit
Bawan reports 238.6% rise in 2020 profits
Egypt plans more than 2,000 development projects in Upper Egypt in FY20/21
ANB board recommends SAR 600m dividends
M&A Brief of the Week
Egypt partners with Belgium's DEME to begin studies for green hydrogen project
Egypt starts COVID-19 vaccination for elderly, people with chronic diseases on Thursday
Heliopolis Housing seeks bidders for Heliopark development project
Sipchem plans early redemption of SAR 1bn Sukuk
Jadwa REIT buys Boulevard Riyadh for SAR 320m
Monshaat launches SME Bank to boost sector growth, fill financing gap
Alandalus Property's profit sinks 78% in 2020; dividends proposed
Anghami to be first Arab tech startup to list on Nasdaq
Trading halted on CI Capita's stock until FRA reviews FV study
Amlak International's profit surges 41% in 2020
Egypt inks deal with Samsung to build $30m tablet factory in Beni Suef
IKEA opens second branch in Egypt
ADNOC to erase destination restrictions for all crude oil grades
Egypt plans to launch all energy projects via auction scheme
UAE’s PMI declines in February signaling modest growth: IHS Markit
Jadwa REIT Saudi Fund seeks to raise assets by SAR 370m
GoDaddy to participate in SHE CAN 2021
Tatweer Misr launches EGP 7bn project in North Coast
Southern Province Cement proposes SAR 2.5/shr dividend for H2-20
Saudi Al Alamiya plans no dividends for 2020
TASI grows 0.67% at Wednesday’s close
Egypt imposes anti-dumping duty on tyre imports from China, India
Hyundai Heavy, Saudi Aramco cooperate on hydrogen project
Egypt inks deal with French firm to operate new electric train
Saudi Arabia to provide Covid-19 vaccines in community pharmacies for free
Telecom Egypt to launch Hybrid African Ring Path by 2023
S&P launches ratings for Saudi local currency debt
Consumer spending in Saudi Arabia at SAR 89.24bn in January
Sidpec mulls offer to transfer polypropylene licence to RSNCRP
GUPCO plans to raise daily output to 70k barrels
Talaat Moustafa Group's profit down 11% in 2020 initial results; dividends proposed
Tabreed plans $400m energy investment platform in Singapore
Emaar Properties, Emaar Malls planning merger
Egypt's non-oil private sector declines at softer pace in February
DFM executes DXB Entertainments’s capital hike
Saudi PIF likely to close its biggest-ever loan deal this week
Social Housing and Mortgage Finance Fund approves FY21/22 budget at EGP 42bn
DFM lists Chimera S&P UAE UCITS ETF
Orascom Construction to build Magdi Yacoub Global Heart Centre
Business conditions in Saudi Arabia improve more slowly in February
About 400 companies use Egypt's e-invoicing system
Sharjah appoints banks for dual-tranche bonds
Mubadala hires banks to manage EUR bonds issuance
Al-Rajhi Takaful posts 131.3% profit hike in 2020
Alhokair, ACC to acquire 51% stake in UK's Vogacloset
Alinma Bank plans SAR 0.3/shr dividends for 2020
Asmak Co ups stake in Porto Group Holding for EGP 30m
Lecico Egypt's loss narrows 26% in 2020
Egypt to receive another 300k doses of Chinese COVID-19 vaccine
Fitaihi Holding sells entire stake in Al-Jouf Agricultural for SAR 125.7m
Saudia Cargo, Alibaba’s Cainiao team up to boost e-commerce
Saudi banks’ investments in gov’t bonds jump 15.45% in January
MSMEDA provides EGP 13.5bn funding to micro-enterprises in six years
Egypt-Swiss ongoing cooperation portfolio amounts to $58m
TASI wins 109.91 pts on Tuesday; turnover at SAR 15.27bn
UAE bourses end Tuesday’s session higher
Foreign investment in Egypt's debt instruments hits record high
Minka Development plans EGP 500m investments in 2021
Saudi Shura Council approves agreement with UAB to open office in Riyadh
Prime Speed cuts targeted stake in New Al Safwa Specialized Hospital
Abu Dhabi’s industrial sector accounts for 10.7% of non-oil GDP
ADNOC to ease output cuts in April
Saudi Arabia to launch real estate stock market - Minister
El-Sisi delays enforcement of real estate registry law amendments for two years
Dubai receives more than 451,000 visitors in January
IHC-backed SpaceX completes $850m funding round
Domty's board proposes cash dividends for 2020, authorised capital reduction
Rameda's profit up 36.5% in 2020 on higher revenue; bonus issue proposed
Tadawul’s foreign investors buy SAR 340.5m of stocks in February
Mopco's consolidated profit grows 51% 2020
Tadawul delists Solidarity’s shares after merger with Aljazira Takaful
Banque Saudi Fransi proposes 4% dividends for 2020
NCB, Samba shareholders approve merger agreement
Saudi Paper swings to quarterly profits
Palm Hills Developments to acquire 28% of Palm Hills Education
FRA greenlights NBK Egypt's capital raise
Domty's profit edges up in 2020
EBE's shareholders approve EGP 545.6m capital raise via bonus issue
Al Baraka Bank - Egypt records 18% higher profit in 2020; bonus issue proposed
MNHD obtains Civil Aviation Authority’s approval for extra heights in Taj City
Al Mashaar REIT to invest SAR 135m in commercial building
Palm Hills Developments posts 15% lower profit in 2020; dividends proposed
MEPCO extends SAR 93m loan deal with Samba
Egypt launches digital campaign on private sector engagement towards sustainable future
TASI edges down 0.07% at Monday’s close; NomuC rises
KSA continues to lead IPO market in MENA with $1.45bn raised on Tadawul in 2020
Mubasher among top brokerage firms in February with EGP 4.08bn transactions
Expat remittances in KSA drop 11.75% in January
Misr Chemical Industries eyes EGP 100m profit in FY21/22
Ibnsina Pharma completes procedures for setting up new fintech firm
Saudi foreign reserves slide 10.3% in January
Prime Holding's loss more than doubles in 2020
Ibnsina Pharma's profit slides 32% in 2020; bonus issue proposed
FAB approves cash dividends of AED 8.08bn for 2020