Latest news

Date Title
Transfers among UAE’s banks record AED 948bn in January 2020
Kuwait crude oil price grows by 56 cents on Thursday
Egypt hires 4 int’l banks for 1st green bonds
Egypt C. bank maintains interest rates
Saudi Aramco’s Fadhili plant to up gas supplies to 12.2 BSCF
Egypt sells EGP 20.5bn T-bills on Thursday
UAE’s foreign currency assets hit AED 400bn in January 2020
Orouba Misr signs hotel management agreement with AccorHotels
Batelco’s profit rises 3% YoY in 2019
Anaam International’s loss deepens in 2019
Egypt to produce 6,6K MW renewable energy by 2021-end
Arabian Drilling awards modernization contract to Siemens
Kuwait’s inflation up 1.68% YoY in January
Mabany Edris launches EGP 1.25bn project in Egypt’s New Asyut
Al Akaria obtains SAR 100m facilities from SABB
Nile Pharma targets EGP 1.1bn revenue in FY20/21
Tadawul restores 8,000-point level at Thursday’s close
EGX’s indices end in green Thursday
Boubyan Petrochemical gets KWD 17.4m dividend from EQUATE, Kuwait Olefins
UAE-China bilateral trade records $34.7bn in 9M
Qurain Petrochemical reveals dividend share from EQUATE, Kuwait Olefins
Elsewedy Electric to establish new company in Algeria
Kuwait Portland Cement’s profit dips 26% in 2019; dividends proposed
Egypt to allocate EGP 2m for industrial areas in Upper Egypt
Cybersecurity now seen as biggest business risk – KMPG KSA
El Sisi approves KWD 40m loan to develop national power grid
EgyptAir resumes flights to China
Elsewedy Electric’s profit down 19% in 2019
ADX down on Thursday; market cap reaches AED 528bn
DFM up on Thursday amid higher market cap
Qarun Petroleum eyes $170m investments in FY20/21
Mawani issues license for France’s CMA CGM
Arab Moltaqa’s profit jumps 48% in 2019; dividends proposed
El Kahera Housing approves EGP 580m loan from ADIB Egypt
Boursa Kuwait closes Thursday on positive note
EFG Hermes-Citibank to advise TE on Vodafone stake sale option
HDB’s 2019 standalone profit up 20% in unaudited financials
Emerald Real Estate Investment’s offering oversubscribed
Al Madar profits down 91% in 2019
Sharjah National Oil Corporation grants Petrofac $40m contract
NileSat proposes 50 cents/shr dividends for 2019
M&A Brief of the Week
RAK Insurance sees AED 3.5m profit in 2019; bonus shares proposed
Egypt develops 298 unplanned areas – Minister
Herfy profits down 4% in 2019
Telecom Egypt’s profit grows 33% in 2019; dividends proposed
Saudi Steel Pipe narrows losses in 2019
Commercial Facilities’ net profits rise to KWD 13m in 2019
CBE offers EGP 20.5bn T-bills on Thursday
Dar Al Arkan issues SAR 1.5bn unsecured Sukuk
Warba Bank registers 30% YoY higher profit in 2019
Dubai Economy collaborates with 6 banks to share data
Egypt inks 4 MoUs with Belarus
Speed Medical signs MoU to acquire Al Safwa Laboratories
Hotel rooms in Egypt to generate higher revenue in 2020
Moody's downgrades Sharjah’s rating to ‘Baa2’; Outlook ‘Stable’
Abu Dhabi plans to issue AED 10bn infrastructure project tenders
Saudi Arabia sees 4.3% higher wholesale prices in January
EGX approves Delta Insurance’s capital hike
EBRD funds Almarai’s business in Egypt, Jordan
SPM dismisses chairman Fahad Al Dawood
EGX30 adds 0.43% at Wednesday’s close; EGX100 stabilises
PepsiCo invests SAR 11.4bn in Saudi Arabia in 7 yrs
TASI sees highest gains in 29 sessions at Wednesday’s close
ADNOC awards two $1.65bn contracts to Petrofac
Egyptian banks operationalise EGP 50bn middle-income housing initiative
Al Shams Housing’s profits plummet in 2019
Egyptian Commodities Exchange Company to start operations in July 2020
Kuwait Insurance annual profit up 6%; dividends proposed
DMCC opens TRIGEM’s fully certified Belgian diamond facility
Egypt’s GDP growth steady at 5.6% in H1-19/20
Kuwait Investment partially exits EUR 11.5m asset in Germany
ADX up on Wednesday; market cap records AED 531.98bn
DFM maintains negative performance on Wednesday
Speed Medical decides to raise capital by 211%
Kuwaiti indices down on Wednesday amid high turnover
Pachin’s profit sinks 89% in H1-19/20 unaudited financials
Trade surplus between Kuwait, Japan soars 63% in January
KSA raises holdings of US Treasuries to $180bn in December 2019
Four firms to submit bids for 10% stake in Heliopolis Housing
Al Ahli Takaful, Chubb Arabia in initial talks over merger
AT Lease’s profit down 4% in 2019; bonus proposed
Talaat Moustafa Group in talks to build new project in new capital
QNB Al Ahli’s shareholders approve dividends for 2019
Kuwait’s oil dips 77 cents on Tuesday – KPC
Al Moammar’s profit climbs 18% in 2019
GFH to hold 6.3% stake in Dubai’s Marshal; CEO remains
Dur Hospitality proposes SAR 0.5/shr dividends for 2019
Napesco wins KWD 8m tender by KGOC, Saudi Arabian Chevron
Riyad Bank completes 1st offering of int’l sukuk
Kuwait’s holdings of US Treasuries hit $43bn in December
Kuwait National Cinema's profit up 3% in 2019; dividends proposed
CBK: Zero profit registered in 2019, KWD 17m loss incurred in Q4
Abu Dhabi completes AED 1.55bn transport projects in 2019
Three Tadawul-listed telecom companies post SAR 11.27bn profit in 2019
Etisalat’s board proposes 40 fils/share dividends for H2-19
Egyptian gov’t allocates EGP 1.4bn to Smart Campus programme
IFC supports private healthcare sector in Egypt, Morocco
EGOTH signs agreement for EGP 1.5bn 5-star hotel in Luxor
Jazeera Airways announces direct flights to Sharjah