Latest news

Date Title
Egypt’s PMI down in August; business activity rises for second month in row
National Marine's board approves merger with NPCC
SABIC begins marketing $1bn dual-tranche bonds
Shareholders in SABB complete bookbuilding process to sell 31m shares
Salama's board recommends 3% dividends for H1-20
GUPCO's daily average oil output rises to 61k barrels in FY19/20
Gulf Navigation appoints new chairman
Russia resumes flights to Egypt, UAE, Maldives
Abu Dhabi completes $5bn multi-tranche bond issuance
CBE offers EGP 20.5bn T-bills on Thursday
Saudi non-oil private sector deteriorates in August – PMI
M&A Brief of the Week
El Kahera Housing logs EGP 106m profit in H1-20
Dana Gas in talks with US firm to sell Egyptian assets
MIS signs SAR 50m deal with corporate entity
Emrill wins Aramex's five-year facilities management contract
Tadawul allows Thimar to trade shares OTC
Salaries of SME employees in Saudi cross SAR 10bn in Q2
Egypt’s foreign reserves sufficient to cover liabilities for three years – Moody’s
EGX ends Wednesday mixed; market cap gains EGP 1.1bn
Union Properties appoints BH Mubasher as liquidity provider
TASI rises 1.45% on Wednesday; MT30 Index futures up 1.42%
EGX approves Odin Investments’ capital raise
International Holdings plans for acquisitions at AED 2bn
Your guide to the new Saudi derivatives market - Infographic
Morocco’s Wafa Assurance obtains licence to operate in Egypt
Khaleeji Commercial Bank to transfer shares to Bahrain Bourse
Saudi Export Authority to support Yemeni economy
Sungrow partners with Shanghai Electric to offer 1500V turnkey inverter in Dubai
SWCC produces 8.5 cubic metres/day of desalinated water from Amlaj Plant
UAE reports 735 new COVID-19 cases
Saudi permits flights from all countries to use its airspace to reach UAE
ADX closes Wednesday up; market cap reaches AED 680.48bn
DFM gains AED 1.08bn on Wednesday
ABK Egypt logs EGP 354m profit in H1-20
UAE economy expected to contract by 6% in 2020
Egypt inks EGP 295m deal to build new substation in Alexandria
Saudi Arabia jumps two notches on 2020 global innovation index
Fitch affirms NBK’s ratings with stable outlook
Emir of Medina launches new water projects
Jafza, Emaar Malls to regulate activities at Gold & Diamond Park
Indonesian investments in Egypt hit $111.6m – Minister
Ain Sokhna port’s second basin to be operational within next months
Dubai starts sale in public debt markets for first time in six years
Elsewedy Electric’s unit inks EGP 355.5m substation contract
Khalda Petroleum's output averages at 145,500 bpd in FY19/20
Saudi White Cement begins trading on Saudi parallel market today
DFM announces AED 5.5m direct deals on Al Ramz's shares
IMF sees Egypt's GDP growth at 6.4% in FY21/22
Dubai witnesses 11% higher business licenses in August
SABIC hires banks for 10-year dollar, 30-year Formosa bonds
FAB to open discussions with Israel's leading financial institutions
Saudi ownership on Tadawul soars SAR 580.6bn in August
ADNOC attracts AED 10bn foreign investments to UAE
Tadawul foreign investors’ purchases net SAR 3.1bn in August
Maharah approves SAR 84m dividends for H1
Americana Egypt submits voluntary delisting request
GB Auto partners with China's Higer to assemble buses in Egypt
EGX ends Tuesday down on foreign selloffs
Riyad REIT invests SAR 45m in US office building
Carrefour to invest EGP 200m in Egypt
TASI down 0.53% on Tuesday; MT30 Index futures up 0.28%
French firm pens EUR 1.14bn Cairo Metro Line 3 operation contract
Modon inks land lease contract with SAR 800m investments
Rameda sees EGP 1.6bn block-trading deal on Tuesday
EGX gains EGP 45.4bn in market value in August
Saudi Water Partnership Co signs deal to enhance water security
UAE, Israel ink first protocol to promote banking, financial cooperation
TASI adds 6.45% in August; market cap nears SAR 9trn
Palm Hills approves EGP 1bn securitisation issuance
ADX gains AED 1.02bn on Tuesday
Saudi construction costs to fall 3% during 2020 - Colliers
Kima incurs EGP 1.5bn loss in FY19/20 initial results
DFM resumes upward performance on Tuesday
Palm Hills sees 39% profit decline in H1-20 on lower revenue
Saudi bank deposits up 9.4% in July
Dubai Chamber companies saw 20% higher exports to Africa in June
Mubasher International among top 10 brokerage firms in August
Tadawul intends to start single-stock futures in H1-21
Egypt’s gov’t explores funding sources for waste-to-energy systems
IsDB adopts Refinitiv money market auctions, FX trading platforms
UAE banks' funds to SMEs decline to AED 92.5bn in Q2-20
Qarun Petroleum boosts oil output to 30k bpd in FY19/20
ADNOC pumps 2.7mbpd of crude oil in August amid higher demand
Heliopolis Housing's profit edges down in FY19/20 initial results
Emirates NBD, DMCC ink agreement to support businesses in Dubai
Egypt’s domestic liquidity hits EGP 4.45trn at end-May
Fawaz Alhokair’s accumulated losses total SAR 637m
Bharat Bhatia obtains FDI approval to operate, own steel plant in UAE
Emaar The Economic City signs share subscription deal with PIF
Egypt’s external debt drops $1.4bn in Q1-20
Gulf Related opens Antara residential development in Diriyah for SAR 1bn
Dubai FDI partners with Guidepoint to attract foreign investors =
Anaam International inks MoU to acquire 100% of Ghadeer for Real Estate
CBUAE injects AED 16m in banks in June
Wafa Insurance posts 148% higher losses in Q2
Salama earns AED 39m profits from selling shares in Saudi company
Leejam Sports opens new ladies fitness centre in Jeddah
Talaat Moustafa’s unit inks land development deal with NBE, Banque Misr
Gharbia sees four new wastewater plants worth EGP 129.5m