Latest news

Date Title
DXB Entertainments' losses deepen in 2020; AED 7.8bn accumulated losses incurred
Saudi GDP registers growth of 2.8% in Q4-20
Fawaz Alhokair incurs losses of SAR 128.1m in Q3-20/21
Aramex reports 43% lower profits in 2020; 9% higher revenues
Yamama Cement annual profits hike 41.7%
Egypt’s House of Representatives approves $41m grant agreements
CI Capital raises Talaat Moustafa Group's TP on Capital Gardens project
Riyad Bank completes Tier 2 capital-eligible Sukuk issuance
NCB's profits rise to SAR 11.4bn in 2020
Abo Moati quarterly profits down 37%
Suez Canal Container Terminal invests over $900m since 2004
UAE ranks first in GCC, 4th globally in agility emerging markets logistics index
Loans granted by Saudi ADF soar 96% in 2020
TASI ends Tuesday’s session in green
UAE expected to witness strong return to GDP growth in 2021 - CBUAE Governor
Saudi PIF anchors NBK Capital Partners’ private lending fund
UAE stock markets resume upward performance on Tuesday
Al Ahli Bank of Kuwait names new CEO in UAE
Telecom Egypt collaborates with IBM to accelerate digital transformation
Egypt aims to develop 375 villages by 2021-end
Rameda retracts offer to acquire GSK Egypt
UAE announces 3,310 COVID-19 cases
KSA launches initiative to bolster economic relations with some foreign countries
Egypt receives $16.5bn in orders for $3.75bn Eurobond sale
Saudi Arabia starts clinical trials to produce Covid-19 vaccine
Emerald Real Estate Investment's profit down 27% in 2020; bonus issue proposed
ADNEC adds two Anantara hotels to portfolio
Hassan Allam Properties raises stake in SODIC
Nozha International Hospital approves capital raise, stock split
Drake & Scull turns to profitability; restructuring process reaches final stage
Al Yamamah Steel to hike annual pipe production capacity in Jeddah, Dammam plants
Egypt collects EGP 17bn in reconciliation fees for building violations
Egypt sells dollar-denominated Eurobonds worth $3.75bn
Al Yamamah Steel to start executing wind power systems factory soon
Dubai's non-oil economy records lower output in January; first rise in employment for year
Jazadco receives GAC's go-ahead to buy Jazel Investments
Emirates Refreshments' initial results register decline in net losses
Anaam International mulls SAR 210m capital increase
du reports lower net profits in 2020; dividends proposed
SAPTCO moves to losses in 2020; plans no dividends
Egypt allocates EGP 20bn for developing 375 villages
Kash Asset Management cuts stake in Prime Holding
Egypt’s trade deficit narrows 4.7% in November 2020
EGX loses EGP 5.4bn in market cap at Monday's close
Al Yamamah Steel achieves SAR 42.7m in quarterly profits
Galxo Group rejects talks with Rameda, ACDIMA over potential acquisition
NCB Capital announces SAR 44.7m REIT dividends for H1-20
Hail Cement proposes SAR 0.5/shr dividends for 2020
Banque Saudi Fransi profits halve in 2020
Egypt builds residential units for limited-income people at EGP 19.95bn cost
TASI adds 121.41 pts on Monday
Infinity to invest EGP 300m in building 300 EV charging stations in Egypt
Sharjah records 5% higher real estate transactions in 2020
Bank Albilad’s CEO says provisions cover 250% of bad loans
Masdar achieves first acquisition close on clean energy projects in US
UAE stock markets end Monday in red zone
Egypt’s public investments to infrastructure projects hit EGP 500bn between 2018-2021
BH Mubasher's net profits up in 2020
Banque Misr to submit offer to buy CI Capital’s shares
OIH's stock rises to highest level in 17M ahead of stock trading suspension
UAE records 2,798 COVID-19 cases
Hitachi ABB deploys Egypt's first fully engineered power quality system
ADIO supports South Korean cloud technology company to establish in Hub71
Al Meswak Dental Clinics considers sale or IPO
Kima requests rescheduling of EGP 6.8bn debt
Raya Contact Center's board approves disposal of depreciated assets
Saudi GAC fines four pharmaceutical firms SAR 20m
Egypt plans to build EGP 20bn gold city
Alkhabeer REIT to not proceed with acquisition of Riyadh-based property
UAE investors feel optimistic about region's economy in 2021 - UBS survey
CBE offers EGP 13bn T-bonds on Monday
DP World records 8% gross volume growth in Q4-20
Foreign investors on Tadawul buy SAR 157.6m of stocks in week
ADNOC Distribution's board to study $15.5m acquisition for Saudi Arabia's fuel distribution assets
Sipchem resumes operations at Polymers Plant
Dubai Investments confirms distributing dividends for 2020
Mashroak finances over 13k projects in Sharkia with EGP 1.9bn
Egypt works on digitising government services with EGP 3bn cost
EGX30 ends Sunday above 11,600 pts; market cap rises EGP 3.4bn
Savola Group eyes acquisitions of food companies in Egypt, other markets
Number of ADSL subscribers in Egypt up 18% in FY18/19
UAE stock markets end Sunday's session mixed
UAE reports 3,093 new Covid-19 cases
Egypt to start receiving land allocation applications in New Alamein on Monday
Hadisolb's loss narrows to EGP 437m in H1-20/21 initial results
DMCC announces flexible pricing packages for businesses setting up in Dubai
Raya's units complete acquisition of i2, URC
Speed Hospitals acquires 50% of Al Safwa Hospital
Edita adds new wafer production line with investment cost of EGP 106m
M&A Brief of the Week
Juhayna's CEO detained; stock slides more than 11%
Egypt finances 70m COVID-19 vaccine doses for healthcare staff, senior citizens
Egypt needs EGP 3-4 trn to address issue of slums
DIFC, Tradeling to accelerate evolution of region’s B2B digital ecosystem
ADX cuts trading fees by more than 22%
Delta for Printing's profit leaps 89% in 2020; dividends proposed
GO records revenue of SAR 101.3m from deal settlement with supplier
CBE offers EGP 16bn T-bills on Sunday
Bank Albilad profits up 8.4% in 2020
Budget Saudi annual profits rise 5.2%; dividends proposed