Latest news

Date Title
AIB green-lights aiBANK's EGP 800m capital increase
Saudi Cement profits up 11.5% in Q1-20
Alinma Bank’s profits down 42% in Q1
Bitumode approves Sika Egypt's acquisition offer
AM Best affirms ratings of Al Ahleia Insurance; outlook stable
DFM declines speculations about merging UAE financial markets
Rameda’s profit surges 185% in Q1-20 on higher revenue
Talaat Moustafa Group inks settlement deal with Alexandria Governorate
CBE offers EGP 6.5bn T-bonds on Monday
Emirates denies claims over laying off employees
SABB posts 7.6% decline in Q1-20 net profit
SARCO’s losses down 13% in Q1-20
Nile Cotton Ginning's profit skyrockets 933% in 9M
Samba Group posts 20% rise in Q1 profits
Union Properties to discuss using reserve to cut accumulated losses
Kuwait reports 1,048 more coronavirus cases on Sunday
Egypt to close shops, parks during Eid El-Fitr
Saudi Arabia lowers holdings of US T-bonds
Full curfew leaves 50% of Kuwaiti businesses out of economic cycle – Report
Elsaeed Contracting sells office spaces for EGP 140m
Bank Albilad reports 5% lower net profits in Q1-20
Tadawul up 1.6% at Sunday’s close
ADX closes Sunday on marginal losses
DFM gains 2% on Sunday
Egytrans wins 30m contract for Lekela's West Bakr wind farm
UAE's COVID-19 cases rise to 23,358
Ain Sokhna, Port Said collect EGP 3.58bn customs, taxes in April
Boursa Kuwait closes Sunday in green
M&A Brief of the Week
UAE railway network's second stage contracts amount to AED 18bn
GB Auto’s profit jumps 182% in Q1-20
NBK denies legal action against sale of NBK Egypt
Dubai Refreshments sees 27% higher profits in Q1-20
Egypt’s holdings of US Treasuries hit highest level since October 2018
Mastercard, UAE's Hub71 sign MoU to support fintech startups
Warba Bank's outlook changed to 'Stable' from 'Positive' - Moody's
Dallah Healthcare to acquire 58.64% of Care Shield Holding
Egypt denies news about full curfew during Eid El-Fitr
Metal and Recycling approves KWD 10m loan from Agility Investment
East Delta Mills’ profit slips 22% in 9M
UAE cuts investments in US bonds for third month in 2020
NCB posts SAR 2.83bn in Q1 profits
World Bank approves $50m in emergency funding to Egypt
Egypt explores ways to settle ENR's EGP 250bn debt
Deyaar's net profits decline to AED 2.6m in Q1-20
Moody's changes Kuwait's Gulf Bank outlook to ‘Stable’
CBE offers EGP 19bn T-bills on Sunday
Deyaar incurs AED 1.5bn accumulated losses
AM Best affirms Kuwait Reinsurance credit rating at “A-“
Kuwait opens drive-thru coronavirus test site at airport
Tadawul gains 88 pts in week
CBE maintains interest rates unchanged
Saudi Arabia announces 2,039 new COVID-19 cases
Telecom Egypt enters partnership to build giant subsea cable in Africa
Al Baraka Bank – Egypt’s Q1 profit edges down
Misr Beni Suef Cement's profit doubles in Q1-20
Nine Emirati companies among world’s largest – Report
Abu Dhabi banks see AED 9.6bn income in Q1-20
Kuwait records 947 more coronavirus cases on Thursday
SAFCO to distribute SAR 1/shr for H1-20
Kuwait’s crude oil output jumps to 3.1m b/d in April
Alandalus Property Q1 profit down 40%
Al Sorayai changes name to Naseej International Trading Co.
Sisi approves EUR 226m loan for national railways
Banque Saudi Fransi achieves SAR 801m in Q1 profits
Egypt’s GDP growth seen at 3% in FY20/21 – EBRD
ADX gains AED 1.95bn on Thursday
Boursa Kuwait down in week; turnover shrinks 34%
Tadawul closes Thursday on marginal loss
DFM down on Thursday; market cap loses AED 2.78bn
Abu Dhabi's food trade totals AED 4.66bn in Q1-20
Suez Canal Bank’s profit drops 11% in Q1-20
Suez Canal Bank approves Midor’s FV assessment ahead of exit
Boursa Kuwait mixed at Thursday's close
Delta Insurance’s profit up 37% in 9M unaudited financials
UAE's COVID-19 cases total 21,084
Abu Dhabi's non-oil trade balance surplus exceeds AED 8bn in 2019
Kuwait's CMA decides to delay assembly meetings
Lecico Egypt's losses balloon 164% in Q1-20
UAE improves on WEF's Energy Transition Index 2020
ADIB Egypt’s profit falls 18% in Q1-20 initial results
Kuwait’s crude oil up 45 cents Wednesday – KPC
Egypt allocates additional EGP 6.2bn to health sector
SASCO plans SAR 1/shr in 2019 dividends
Al Kout signs KWD 10m credit facility deal with local bank
Al-Khaleej Training and Education to distribute dividends next week
Abu Dhabi's pharmaceutical trade at AED 800m in Q1-20
CBE offers EGP 21bn T-bills on Thursday
CBE extends EGP 100bn initiative to contracting sector
Soor Fuel awarded KWD 9m selective practice deal by interior ministry
Aslak posts 50% rise in profits during Q1
Dubai Insurance profits decline to AED 22m in Q1-20
Banque Saudi Fransi approves dividends for H2-19
Banque du Caire provides micro-enterprises with EGP 620m funding
Americana Egypt sees EGP 806m block-trading deal
Kuwait reports 751 new COVID-19 cases
Abu Dhabi sees 1.5% higher GDP at fixed prices in 2019
Kuwaiti tourism generates $1.2bn in 2019
Tadawul gains 0.55% at Wednesday’s close
Kahira Pharmaceuticals reports 28% profit rise in 9M