Latest news

Date Title
Egypt inks five gold exploration deals with $13m investment
Obour Land logs EGP 310m profit in 2020
Empower registers 3% higher net profits in 2020
Three companies eye $10bn stake in Saudi Aramco's oil pipelines
Egypt’s banking sector forecast to remain stable in 2021 - Moody's
EBE's board approves EGP 546m capital raise
SAGO offers tender to buy 480K tonnes of feed barley
du, Etisalat increase foreign ownership limit to 49%
CBE offers EGP 19.25bn T-bills on Thursday
Saudi real estate price index down 0.2% in Q4
Agility raises credit facility with local, international banks to KWD 240m
STC launches cybersecurity company
Al Ramz Corporation purchases 2m shares in subscribed capital
M&A Brief of the Week
International Holdings achieves AED 3.02bn net profits in 2020
BCI announces CEO resignation
SADAFCO sees 5.7% lower profits in Q3
Egypt announces January Revolution, National Police holiday
EFG Hermes closes EGP 170m securitisation issuance for Premium International
FAB acquires Bank Audi Egypt
EGX30 ends Wednesday near 11,600 pts; market cap grows about EGP7bn
Abu Dhabi records AED 9bn investments in renewable energy - official
Yansab's net earnings soar 94% in Q4
Dubai Investments' unit nears completion of four Expo 2020 pavilions
Egypt’s manufacturing index rises 0.84% in November 2020 – CAPMAS
TASI ends Wednesday on marginal losses
Egypt’s holdings of US Treasuries hit $2.244bn in November 2020
Masdar partners with Emirates NBD Asset Management for UAE’s first green REIT
NCB Capital to see long-term benefits after NCB, Samba tie-up – Moody’s
ADCB Egypt mulls EGP 2-3bn loans
UAE stock markets maintain upward performance on Wednesday
Sharjah Islamic Bank records 26% lower profits in 2020
Emirates NBD lists $750m conventional bond on Nasdaq Dubai
Juhayna Food Industries accepts resignation of Safwan Thabet
Global oil demand to recover to pre-pandemic levels before 2022 - UAE Energy Minister
Egypt's FRA grants custodian licence to Mubasher Capital
Memphis Pharmaceutical’s pretax profit jumps 463% in H1-20/21
Saudi MoF closes January issue of local Sukuk Program at SAR 2.95bn
Tabreed, Masdar expand partnership to offer efficient cooling to sustainable cities
MNHD generates EGP 7bn in pre-sales during 2020
Ganope aims to drill 11 exploratory wells in FY21/22
Egypt among top 10 fastest growing GDP countries by 2030 – Standard Chartered
Mawani launches first shipping route in 2021 at Jeddah Islamic Port
UAE's holdings of US Treasury bonds hit $36.8bn in November
Banque Misr inks EUR 425m loan deal with EIB
Saudi holdings of US T-bonds hit eight-month high in November
Dubai's Consumer Confidence Index registers highest level since 2017
NCB starts issuing USD-denominated Additional Tier 1 Sukuk
Abu Dhabi government partners with Aldar to develop AED 45bn capital projects
Zee Stores acquires majority of Royal Horizon for AED 80m
Riyad Bank starts offering Tier 2 Sukuk
Egyptian Countryside cancels interest in grace period for 1.5m feddan project beneficiaries
EGX ends in Tuesday in green on foreign purchases
EFG Hermes tops brokerage firms in Egypt, Kuwait, Dubai, Kenya
Riyad Bank plans issuing Tier 2 Sukuk
Saudi Airlines pens MoU with Spartan for aircraft maintenance training
TASI levels down 0.33% at Tuesday’s close
Sukari mine's gold production drops 6% in 2020
Egypt's FRA considers IPO request with expected valuation of EGP 1bn
KSA seeks to generate 50% of electricity using renewable energy by 2030
Deyaar hands over Bella Rose Project in Dubai
UAE stock markets end Tuesday in green zone
Mashroak finances 7,460 SMEs in Kafr El-Sheikh with EGP 865m
Palm Hills Developments approves long-term syndicated loan deal
Egypt eyes digital transformation in non-banking financial services
Saudi Aramco, STC launch Dammam 7 supercomputer
Emirates partners with IATA to use IATA Travel Pass amid COVID-19
SWCC, WTTCO ink assignment of management services agreement
Qatar Airways resumes flights to Cairo
Egypt’s trade deficit shrinks 17% in 2020
Alkhabeer Diversified Income Traded Fund stock surges on debut
RAK International Airport partners with Bahrain's Gulf Air
IFA receives approval to sell 17m treasury shares
Egypt receives 30k car replacement applications
Saudi M&A market attracts international players - Report
Masdar acquires 50% stake in wind farms in Poland
Egypt Free Shops reports 7.5% lower standalone profit in H1-20/21
Aldrees Petroleum mulls 25% capital raise
Dubai's CPI down 3% in 2020
Aldrees' FY20 earnings down 58%; dividends proposed
Agthia's board nods to Nabil Foods acquisition
Ataa Educational takes over 52% of Al Wasat National Schools
NBE, Banque Misr launch Gardenia City with EGP 26bn investments
EGX loses EGP 1.5bn in market cap at Monday's close
Egypt’s Benban Solar Park named best Arab government infrastructure project
Egypt spends EGP 21bn on roads, bridges – Minister
Mulkia Investment to distribute SAR 6.8m in REIT dividends
Sadr hires financial advisor to manage subscription of priority rights shares
KSA issues over 11K construction licences in December
Egypt builds 2,290 units in five industrial complexes
TASI returns to gains on Monday
First Saudi forum for family businesses sustainability to kick off this month
Dubai Maritime City announces completion of 80% of Phase 1 infrastructure works
Egypt’s inflation rate slows down to 5.7% for first time in 14 years
Egypt supports tourism, aviation sectors with EGP 5bn during pandemic
EGX develops EGX30 index methodology
Foreign investors on Tadawul buy SAR 1.42bn of stocks in week
Egypt aims to deliver natural gas to 1.2m households in FY20/21
Saudi ADF pens SAR 2.5bn worth of agreements with 5 lenders
Egypt supports exporters with EGP 21bn