Latest news

Date Title
Alexandria Pharmaceuticals plans to invest EGP 200m in 2020, 2021
Reportage to complete three projects in Abu Dhabi in 2021
DIFC signs FinTech agreement with China's Fintech Dreamworks
FRA inks deal to develop Egypt’s 1st actuarial life table
Saudi Arabia tops china’s oil suppliers in June
East Delta Mills reports 18% profit drop in FY19/20 initial results
TAQA-led consortium awarded world's largest solar power plant
M&A Brief of the Week
EGX approves MM Group's EGP 96m capital raise
CBE offers EGP 24bn T-bills, bonds on Sunday
Yamama Cement’s profits down 10% in Q2
Abu Dhabi Aviation sees 66% lower net profits in H1-20
SADAFCO Q1 profits increase by 22%
Dana Gas appoints financial adviser for Nile Delta Sukuk
SACO’s profits rise 53% in Q2-20; dividends approved
Tabreed achieves 13% higher net profits in H1-20
Zahrat Al Waha Q2-20 profits contract 35%
Bank Albilad achieves 4% profit growth in Q2
Tadawul closes Thursday on marginal decline
Riyadh Bank’s Q2-20 profits down 29%
Budget Saudi posts 48% profit plunge in Q2; approves H1 dividends
King Salman undergoes successful surgery
Gold prices register new record high in Egypt
ADX closes Thursday with marginal losses
Boursa Kuwait closes Thursday on mixed note
Kuwaiti oil gains $0.23 on Wednesday
DFM ends Thursday down; market cap loses AED 1.28bn
Kuwaiti Amir travels to US for treatment
Emirates to cover COVID-19 medical costs for passengers
UAE registers 254 new COVID-19 cases
Saudi Arabia reopens land borders with Bahrain, UAE
Madbouly follows up on natural gas vehicles conversion strategy
Mawani, SALIC construct region's largest grain terminal in KSA
Emaar cancels employees' job titles
Saudi Arabia could expand privatisation amid COVID-19
Saudi merchandise exports plunge 58% in May
FAB becomes Etihad's payment processing partner
Saudi real estate price index up 0.7% in Q2
Saudi Ceramic turns profitable in Q2; raises stake in unit
DIFC witnesses region's first digital security capital raise
SABB offers SAR 5bn local Sukuk
Abu Dhabi's real estate selling prices fall in Q2-20
Yanbu Cement logs 7% lower profits in Q2; approves dividends
Amana Cooperative trims accumulated losses to 35% of capital
Egypt’s cabinet approves $500m social housing finance deal
Suez Canal transfers EGP 57m to state treasury in 11M
Tadawul extends gains on Wednesday for second day
Egypt to launch consumption stimulation initiative on Sunday
Arriyadh Development’s profits up 9% in Q2-20
EETC inks EGP 424m deal to install underground cable
SIB's net profits dip to AED 251m in H1-20
stc records 4% lower earnings in Q2; approves dividends
Egypt grants MSMEs tax, customs incentives
Mashreq Bank witnesses lower net profits in H1-20
ADX gains AED 270m on Wednesday
EGX approves Pioneers Holding's capital raise
DFM loses 23 pts on Wednesday
Emirates NBD lists $750m on Nasdaq Dubai
Sabaa expected to produce 250K doses of Favipiravir in 6M
EDGE acquires Lockheed Martin's 40% stake in AMMROC
Raya Holding's unit obtains consumer finance licence
ADNOC, ADQ to joint form chemicals investment platform
Saudi housing ministry eyes to build 200K residential units
Egypt’s non-oil imports drop 21% in 5M – CAPMAS
EG Bank’s standalone profit inches up in H1-20 initial results
Etisalat's profits drop to AED 4.566bn in H1-20; dividends approved
NUCA closes Egypt's largest local currency bond issuance – NBE
Al Othaim family mulls IPO for malls unit
KSA says no date yet for international flights return
UAE announces Eid Al Adha holiday for public sector
du earnings decline to AED 570m in H1-20
Takween turns to profits in Q2-20
SASCO records 13% lower profits in Q2-20
DIB sees 23% lower net profits in H1-20
MIS’ earnings climb 90% in Q2-20
SAFCO’s Q2-20 profits slide 5%
ITFC to disburse additional funding for Egypt’s wheat purchases
Banque Misr raises stake in CI Capital Holding
CBE, EGX announce 23 July holiday
Chimera introduces UAE's first fund in conjunction with S&P
TASI levels up 0.54% on Tuesday amid thin liquidity
EGX ends Tuesday in green on local, foreign purchases
Saudi economy to grow by 3% yearly in 2021-2024 – Moody's
NBE, Banque Misr donate EGP 60m to support Egypt's anti-coronavirus efforts
Emirates NBD to increase foreign ownership limit to 40%
Egypt-Germany trade exchange reaches $2.1bn in H1-20
JLL expects Saudi residential market to witness shift towards rentals
Emirates SkyCargo operates 10,000 flights in 3M
Egypt, Siemens ink deal to build EGP 143m substation
Kafalah finances SMEs with SAR 4.3bn in H1-20
ADX ends Tuesday up; market cap gains AED 5.42bn
DFM maintains upward performance on Tuesday
Egypt’s non-oil exports hit $12.3bn in H1-20
Moody’s withdraws SABIC’s BCA; affirms A1 rating
SODIC awards EGP 1.2bn contracts to develop SODIC East
UAE announces 305 new COVID-19 cases
Rameda announces prices of COVID-19 medicines
UAE ranked 5th globally in business domain
Tata Communications secures Type B licence in Saudi Arabia
Zahraa Maadi sells land plot for EGP 15.7m