Latest news

Date Title
Saudi Re signs exclusive reinsurer deal with Malath
Kuwait’s foreign reserves up 21% in June
CBUAE announces more measures in economic support scheme
EMPC's board approves acquisition of stakes in Arabian Hospitality Co.
Saudi Aramco sees biggest single day crude production in April
Egytrans reports 60% profit decline in H1-20 initial results
Dar Al Takaful appoints new CEO after acquiring Noor Takaful
EMPC’s profit rises 7% in H1-20 unaudited financials
Elsewedy Electric's unit inks $38.6m deal to build substation in Congo
Tihama’s rights issue 86.78% subscribed
Union Properties to launch 'Motor City' project in 2021
Egypt pays EGP 347m to regular workers hit by COVID-19
National Building to set up three new firms in Riyadh
Emaar Misr posts 6-fold profit jump in H1-20
Abu Dhabi Ship Building transfers 106m shares to Edge
CBE offers EGP 19bn T-bills on Sunday
Saudi Aramco’s profits down 73% in Q2; dividends approved
TAQA appoints new CEO for unit
Al Khaleej Training inks MoU with Alkhabeer Capital to acquire firms
UAE's economy to recover by 4.1% in 2021 - Fitch Solutions
SARCO posts 30% lower profits in Q2-20
Saudi Arabia starts phase three clinical trial of COVID-19 vaccine
RAK Properties's net profits record AED 27m in H1-20
Egypt, Greece ink maritime demarcation agreement
Walaa Insurance ink SAR 9.5m deal with Advanced Petrochemical
City Cement posts 12.2% growth in Q2 profits
ANB registers 46% lower profits in Q2
United Arab Stevedoring’s loss rises 12% in FY19/20 initial results
Saudi Arabia registers 1,402 COVID-19 cases
EGX ends Thursday in green on local, Arab purchases
TASI keeps upward performance for fifth session in row
Egypt's gold reserves jump $1.2bn in 7M
Egypt’s outlook remains stable amid COVID-19 – JP Morgan
Saudi Aramco sets crude selling prices for September
Aljazira Capital raises Al Rajhi Bank’s TP to SAR 57.80/shr
Boursa Kuwait closes Thursday on mixed note
M&A Brief of the Week
ADX gains AED 5.4bn on Thursday
DFM closes Thursday up; market cap records AED 298bn
Egypt’s net foreign reserves grow to $38.3bn in July
Egypt’s Suez Canal generates $27.2bn revenue in 5 yrs
Sukuk issuance to decrease 5% in 2020 - Moody's
Porto Group provides guarantee for loan to Porto October
Etihad Airways logs $758m losses in H1-20
Alexandria Customs issues clearance for EGP 3.9bn cars, spare parts in July
SABIC turns to losses in H1-20
Orascom Development Egypt sells land in El-Gouna for EGP 105m
CBE offers EGP 20.5bn T-bills on Thursday
RAKBANK's net profits decline by 45% in H1-20
Al Rajhi REIT Fund to distribute SAR 0.28/unit
UAE to develop satellite assembly, test centre with Airbus
Saudi Steel Pipe widens losses in Q2
ADNIC witnesses 60% higher net profits in H1-20
Egypt to allocate additional EGP 1bn to veal project
Alexandria Portland Cement submits voluntary delisting request
EGX gains EGP 3.7bn in market cap at Wednesday's close
Samba profits grow 2% in Q2
Egypt launches tender to buy 5K tonnes of vegetable oils
TASI adds 11.05 pts at Wednesday’s close
SADAD payments in KSA down 21% in H1
Egypt's gold prices rise to all-time high
Khaleeji Commercial Bank finalises $159m Sukuk issuance
Egypt's tourism revenue losses forecast at 2% of GDP – IMF
Riyadh Travel Fair 2020 delayed for second time
Aramex registers lower profits; higher revenues in H1-20
Boursa Kuwait closes Wednesday in green
ADX maintains downward performance on Wednesday
DFM ends Wednesday up; market cap gains AED 490m
UAE registers 254 new COVID-19 cases
Moody’s maintains Saudi Re's IFSR at A3
MNHD's profit falls 6% in H1-20
Saudi PMI hits five-month high in July
Arab Cotton Ginning approves unit's capital raise
Dubai Aerospace reports lower net profits in H1-20
Alinma Tokio, Saudi Mohamed Yousuf Naghi ink SAR 18m insurance deal
Orascom Investment announces end of talks with Qatari Diar
CBUAE, Arab Monetary Fund ink agreement for settlement services in AED
Arab Cotton Ginning turns to loss in 9M
Albilad Capital to pay SAR 285m dividends for July
Alexandria Pharmaceuticals posts 54% profit hike in FY19/20 initial results
Dubai ranks 5th globally in maritime industry for third year in row
Saudi Re sees 49% lower quarterly profits
Egypt's PMI rises in July as economy reopens
Alinma Bank records 15% lower earnings in Q2
Advanced Petrochemical’s profits down 19% in Q2
UAE PMI sees marginal recovery in July - IHS Markit
Saudi Ground Services swings to SAR 198m quarterly losses
Damac ends joint venture with Oman's Omran
Al Kathiri Holding’s unit inks concrete supply deal with Tamimi Global
Halwani Bros turns to SAR 26m profits in Q2
Dubai Insurance's net profits slid to AED 33m in H1-20
Thoub Al Aseel, NUPCO seal medical supplies deal for SAR 73m
Walaa Cooperative Insurance turns profitable in Q2-20
MNHD's board approves due diligence on Nasr for Civil Works
Alexandria Portland Cement’s indicators show 26% loss increase in H1-20
Etihad Rail, China's CRRC ink agreement for 842 wagons
EGX ends Tuesday in green on local, Arab purchases
DAFZA records 54% higher exports in Q1-20
MNHD records EGP 485m profit in H1-20 initial results
Bahrain Kuwait Insurance’s profits up 11% in H1