Latest news

Date Title
ADX losses 75 pts on Wednesday
Boursa Kuwait ends Wednesday in red on selloff pressures
DFM up on Wednesday; market cap gains AED 3.17bn
UAE banks provide AED 500m to agricultural sector in Q1
Alexandria Portland Cement’s loss narrows 54% in Q1-20
MSCI Egypt Index deletes 2 stocks, adds 2 others
Egypt sets up new company to launch tyre manufacturing plants
Kuwait's crude oil rises 29 cents on Tuesday
Egypt mulls merger of Aqua Paris, El Wadi El Gadid for Containers
Fund increases its stake in Orascom Construction
Credit Agricole Egypt’s unaudited financials show 27% profit drop in Q1-20
Al Ramz Corporation sees 450.5% higher losses in Q1-20
Elsewedy Electric’s profit plunges 53% in Q1-20
Gulf Cement turns to losses in Q1-20
EG Bank’s profit edges up in Q1-20 initial results
Administrators begin selling assets of NMC
Egypt’s COVID-19 cases exceed 10K
Zahrat Al Waha obtains SAR 33.5m SIDF loan
Bank Albilad EGM approves 5m shares buyback
Expenses lower Al Rajhi quarterly profits by 7%
EGX gains EGP 10.8bn in market cap at Tuesday’s close
Egypt buys 2.1m tonnes of local wheat since mid-April
Kuwait detects 991 new COVID-19 cases
Emirates NBD, Mashreq Bank reveal exposure to Phoenix Commodities
ADX gains 0.33% on Tuesday
Tadawul up 80 pts at Tuesday’s close
Boursa Kuwait ends Tuesday mixed
Yansab plans SAR 1.25/shr dividends for H1-20
Egypt’s furniture exports drop 24% in Q1-20
DFM closes Tuesday's session on green
Saudi Aramco adapting to complex COVID-19 crisis – CEO
Kuwaitis spend $12bn on outbound tourism in 2019
UAE confirms 783 new COVID-19 cases
M&A deals in GCC countries decline 51% in Q1 - Markaz
Aramco plans to close SABIC deal in Q2
Americana Group, Cairo Poultry complete sale of Egyptian Starch & Glucose
Kuwait’s crude oil up 62 cents on Monday – KPC
Elsewedy Electric's unit pens EGP 209m deal to build substation in Fayoum
FAB, Bahrain Clear ink custodian agreement
Ora Developers inks deals with Orascom, Banque Misr for ZED Phase I
Takween Industries restructures SAR 429m loan
Edita’s profit falls 33.5% in Q1-20 on lower sales
Mubadala plans to issue 3-tranche bonds
Aramco registers SAR 26.5bn profits in Q1-20
Moody’s maintains Egypt’s rating at B2; outlook stable
ADNOC Distribution witnesses 31% lower profits in Q1-20
IMF approves $2.77bn emergency support for Egypt
Arzan Financial to add Market Maker to business activity
Kuwaiti plane with medical supplies arrives from China
EGX ends Monday mixed; market cap drops EGP 2.6bn
Saudi Arabia coronavirus cases reach 41,014
Egypt launches initiative to offer tourism businesses 5% interest loans
Egypt pays out EGP 369m in irregular labour aid to defaulting beneficiaries
KSA orders voluntary additional oil output cut
CBUAE, ADGM to jointly organise FinTech Abu Dhabi 2020
NMC's CFO leaves UAE in repatriation flight to India
Tadawul returns to losses on Monday
Kuwait logs 598 more coronavirus cases; tally at 9,286
EGX executes MTO on Egyptian Starch & Glucose at EGP 420m
ADX gains AED 2.88bn on Monday
Tadawul announces nine-day Eid holiday
Boursa Kuwait extends losses on Monday
DFM ends Monday's session on red note
Cleopatra Hospital expects 50% profit growth in Q1-20
Remittances from expats in Kuwait hit KWD 4.4bn in 2019
UAE launches digital service for 20% rental rebate
EIPICO’s profit down 13% in Q1-20 unaudited financials
Number of ATMs in UAE down 6.5% in Q1-20
Saudi Arabia raises VAT in face of COVID-19 crisis
AIH names new chairman of Kahromika
UAE announces Eid Al Fitr holiday for public sector
Egypt establishes 97 petroleum projects with EGP 1trn – Report
Saudi Aramco adjusts fuel prices
Majid Al Futtaim postpones opening of new mall in Sharjah
Egypt builds 16K developmental projects with EGP 2.2trn – Minister
ACWA Power completes partnership with Silk Road Fund
CBE offers EGP 7bn T-bonds on Monday
Orascom Development to gradually reopen El-Gouna hotels by mid-May
CBI denies financial exposure to Phoenix Commodities
Kuwait raises June crude prices for Asian markets
Egypt’s annual core inflation rises to 2.5% in April – CBE
Trading Sumou Real Estate shares begins today
Emirates Investment records AED 6m losses in Q1-20
Al Mazaya’s unit sells property in Dubai for AED 77m
Kuwait’s balance of payments records KWD 821m surplus
Saudi IPI down 3.3% in March
Aramco to reevaluate SABIC deal – Report
Saudi Arabia records 1,912 coronavirus cases
Egypt’s finance ministry approves EGP 12.5bn urgent allocations in March, April
Egypt’s gold reserves rise to record high in April on coronavirus worries
ADNOC sets Murban crude's selling price for June delivery
Tadawul closes Sunday in green
Kuwait’s coronavirus cases rise by a record 1,065
Elsewedy Electric's unit inks EGP 119.8m transmission line contract
Musharaka REIT fund to acquire property with AED 46m
M&A Brief of the Week
First Takaful completes exit from Turkey’s Neova Sigorta
MNHD inks EGP 2.1bn syndicated loan deal
ADX up on Sunday; market cap reaches AED 455.8bn
CIB donates $7m to support efforts against COVID-19