Latest news

Date Title
Egypt to invest EGP 725m in Siwa Oasis developmental projects
Siemens inaugurates service centre in Ain Sokhna
EGX ends Thursday in red; market cap loses EGP 1bn
Egypt's women entrepreneurs obtain 51% of microfinance loans
UAE announces 1,398 new COVID-19 cases
TASI maintains negative performance on Thursday
Egypt forms committee to support Kitchener Drain Depollution Project
IFA repays first installment in KWD 25m loan
Mohandes Insurance's shareholders approve EGP 25m dividends for FY19/20
Al Ramz's unit executes first Covered Short Selling using SLB facility on ADX
ADX ends Thursday's session in red zone
Egyptians for Housing sells entire stake in Odin Investments
DFM loses AED 2.6bn on Thursday
Egypt launches second phase of building 1,000 language schools
Saudi Arabia's CPI rises 5.7% YoY in September
Amer Group's unit pens EGP 450m funding deal with Ahli United Bank
Saudi wholesale prices rise 6% in September
Egypt lists debut green bonds on London Stock Exchange
ADPF, ADQ to invest $2.1bn in ADNOC gas pipeline infrastructure
Porto Group inks EGP 500m Musharakah deal with Banque Misr
Mubadala acquires 3.1% stake in Spain's Enagas
M&A Brief of the Week
Egypt connects over 1m households to natural gas grid every year
Shuaa Capital's OGM nods to $150m bond issuance
CBE offers EGP 21bn T-bills on Thursday
Zain KSA sets subscription period for rights issue, new shares
Abu Dhabi's economy expected to grow 5% in 2021
Yanbu Cement’s profit climbs 34% in Q3 on higher revenue
Egypt posts EGP 100m primary surplus in Q1-20/21
DFM announces AED 76m direct deal on Amanat's shares
Zain KSA's EGM agrees on 100% capital rise through rights issue
Dana Gas enters $90m credit facility agreement with Mashreq Bank
Arab Moltaqa cuts stake in Arab Engineering Industries
Rakta Paper inks consulting deal with India’s C2C
NUCA offers land plot for entertainment investment in New Damietta
TASI ends Wednesday’s session on marginal losses
Egypt’s senior citizens get free public transport starting Thursday
stc sees rise in female employees this year
CBUAE withdraws AED 10.9bn excess liquidity in August
Salama's shareholders agree on 3% dividends for H1-20
G24 call for assisting developing countries address financing needs amid COVID-19
Dubai-based NY Koen's unit bids to acquire Israir
Google launches initiative to boost economic recovery in MENA
New programme to upgrade all services provided in Saudi cities launched
ADX ends Wednesday up; market cap gains AED 1.3bn
Saudi justice ministry receives over 11K property e-conveyance applications since March
DFM loses AED 2.3bn on Wednesday
Gharbiya receives EGP 638m reconciliation requests on building violations
UAE records 1,431 new COVID-19 cases
Saudi Arabia launches first locally-made fast interceptor
Speed Medical denies reports of board resignation
Dubai records 50% QoQ higher property sales volume in Q3-20
Egypt’s AOI inks protocol of cooperation with Triangle Group
UAE cuts oil output to 2.5m bpd in September
Blended financing to relieve debt crisis for developing economies amidst pandemic -Egypt’s Al Mashat
AT Lease starts factoring operations
Speed Medical to acquire all shares of Haya Labs
CBD starts marketing perpetual dollar bonds
Egypt sole emerging economy to achieve growth in 2020 – Maait
MedGulf to provide health insurance services to SEC
ADIB sees surge in demand for digital banking services in 2020
NCB, Samba create joint website
National Building profits fall 75% in 6M
IFA turns to profitability in 9M
SEDCO Capital approves SAR 7.5m REIT dividends for Q3
Entrepreneurship World Cup 2020 to kick off in KSA next week
Obour Land targets EGP 2.7bn revenue in 2020
EGX30 slides below 11,300 pts at Tuesday’s close
TASI extends gains on Tuesday for fourth consecutive session
IMF raises projections for Egypt’s GDP growth
Solidarity Saudi Takaful terminates contract with insurance agent
Almarai needs to accelerate growth plans leveraging smart technologies –CEO
Egypt creates industrial alliance for tyre manufacturing
ICE plans to launch ICE Futures Abu Dhabi in Q1-21
Egypt’s reserves of key commodities within safe limits
Saudi Airlines to resume flights to 20 international destinations
Saudi Arabia explores several paths to develop industrial sector – Minister
ADX closes Tuesday in green zone
DFM ends Tuesday's session on marginal gains
UAE confirms 1,315 new COVID-19 cases
Egypt, ITFC launch GASC capacity building programme
UAE's Majid Al Futtaim hires bank to sell district cooling unit
Alexandria Customs collects EGP 3.8bn customs, taxes in September
Egypt’s El-Mashat explores investment opportunities in aviation sector
Last-mile delivery startup dreevo launches operations covering all Egypt
Saudi ports see 3% rise in cargo handling in September
Dubai banks inject AED 31bn in UAE economy in 8M
Edita initiates arbitration procedures against Chipita
Emirates NBD Asset Management rolls out signature multi-asset funds
Union Properties turns to profitability in Q3-20
Hadisolb to spin off its mining business
Anaam International announces details on 600% capital increase
Egypt’s Ghazl El-Mahalla Sporting Club to list on EGX
Egypt’s Maait pledges no tax increases; income tax reduced
UAE banks' assets hit AED 3.2trn in August
Mubadala, Novo Holdings acquire EUR 250m shares in Evotec SE
Moody’s assigns ‘A3’ IFSR to Al Rajhi Takaful
Red Sea International signs SAR 53m deal with NEOM
International Holding invests GBP 39m in Oxford Nanopore Technologies
Saudi Amiantit achieves 77% of IKTVA programme goals