Latest news

Date Title
Mohandes Insurance’s FY18/19 unaudited consolidated profit rises 21%
Moody’s affirms Warba Bank’s Outlook at ‘Stable’
Dutch firm finishes due diligence on Arab Dairy
CI Capital completes 60% interest acquisition in Taaleem for EGP 1.2bn
Dubai’s Meraas, Canada’s Brookfield to form $1.4bn retail JV
UAE’s ADGM, DPM pen deal to enhance property registration process
UAE non-oil trade with Saudi Arabia exceeds $113bn in 5 yrs
ADX to suspend Dana Gas’s stock from trading temporarily
Hilton Worldwide launches Middle East's 2nd Hampton by Hilton in Dubai
CBE issues EGP 18.75bn T-bills on Sunday
McDonald’s UAE partners with SAP to serve $9.7bn food market
Bahrain’s Al Salam Bank buys 392,000 treasury shares
Boursa Kuwait starts Sunday’s session up
Awtad to delist shares from DFM
Construction of Grand Egyptian Museum 93% complete
Kuwait named member of IAEA governors’ board
Tiger Properties launches $136.1m Blue Waves Tower in Dubai
NBE to fund small projects in North Sinai
Dubai’s RTA awards two bus stations
Saudi current account surplus to hit SAR 43.2bn in Q2-19
Saudi bank deposits rise 4% in Q2-19
Kuwait Credit Bank provides $64m real estate loans in August
After attacks on oil facilities, Aramco becomes ‘stronger than ever’ – CEO
Aramco hires 2 global banks for IPO
Saudi foreign assets rise SAR 50bn in Q2-19
ADX adds 29 pts in week
DFM plunges 69 pts in week
EGX30 loses 374 pts in week; Market cap hits EGP 738bn
TASI grows 95 pts in week
Boursa Kuwait’s indices shrink in week; Market cap sinks 3.4%
Bahrain Bourse levels down 56 pts in week
Saudi Arabia subscribes to IMF’s SDDS official statistics standard
EGAS to sign $712m exploration contracts in Q4-19
Egypt, US bilateral trade rises $884m YoY in 7M
KFH-Turkey’s liquidity, capital ratios exceed requirements
TASI ends Thursday in green; turnover rises to SAR 8.5bn
Combined Group wins AED 23.33m tender in Fujairah
Sadara’s feedstock supplies shortage drops to 10%
Kuwaiti oil drops to $64.28 pb on Wednesday – KPC
Boursa Kuwait ends Thursday mixed; liquidity leaps 42.89%
ADX loses AED3.29bn market cap on Thursday
Egypt, Italy pen EGP 360m contract to set up 10 wheat silos
EETC inks EGP 587m deal to set up GIS in Giza
DFM sheds 4 pts at Thursday’s end
GSK Egypt's profit slides 45% in 9M
Gulfa Mineral Water changes firm’s name
IFAD contributes $450m to rural development projects in Egypt
Speed Medical’s OGM consents to capital hike
ASCOM's capital raise covered by 54.7%
Bahraini, Kuwaiti AUB complete sale of KMEFIC’s stakes
CI Capital’s board nods to acquire stake in Taaleem
Speed Medical’s shareholders nod to EGP 19.3m cash dividends
M&A Brief of the Week
Ganoub El Wadi Petroleum targets drilling wells with $56m investments
CI Capital Holding issues EGP 100m credit guarantee for CIBC
International Holdings acquires 2 Shuaa’s units
Al Ahlia Insurance approves 23% capital cut
German INTEC selected to offer consulting services to PV plant in Egypt
National Corporation’s board approves cash dividends
AUB Kuwait completes sale of stake in KMEFIC
Americana Egypt denies Adeptio AD submits acquisition request
Awtad to exit DFM end-September
China’s OPPO appoints new head for Middle East, Africa
Egypt buys 180,000 tonnes of Russian wheat
CBE issues EGP 19bn T-bills on Thursday
Boursa Kuwait opens Thursday in red zone
MetLife’s accumulated losses reach 20.2% of capital
Sipchem says supplies curtailment shrink to 20%
SAMA lowers interest rates by 25 bps
UAE C. bank cuts interest rates by 25 bps
Kuwait C. bank maintains interest rates
Kuwaiti trade surplus with Japan goes down 18% in August
Saudi Chemical’s EGM consents to name change
Shams’ board proposes capital decrease
Saudi Alhokair’s unit partners with Egypt’s NSPO to build shopping mall
KAMCO forecasts $24.5m decline in retained earnings
ADCB not to make MTO to acquire UNB Egypt – FRA
Banks boost TASI on Wednesday
Warba Bank issues $500m sukuk; oversubscribed 6.3 times
EGX ends Wednesday in red; market cap loses EGP 422m
Etisalat acquires cyber security company
UAE cuts holdings of US Treasury bonds in July
Al Salam Bank continues buying treasury shares
Germay’s KfW provides EUR 50m loan for PV plant in Egypt
Saudi Alhokair's unit targets EGP 800m sales from AEON’s final phase
Global approves merger with KAMCO
Aramco acquires Shell’s stake in Saudi refining JV for $631m
Oil price hike to play in favour of AMOC, Qalaa Holdings – Analyst
EALB develops its infrastructure with EGP 1.4bn
GB Auto to issue securitised bonds for Drive Finance before end 2019
Moody’s affirms Boubyan Bank’s rating at 'A3'; Outlook 'Stable'
ADX ends Wednesday in red on blue chips
Echem sets up Egypt’s first MDF plant with EUR 210m
Kuwait’s total bank deposits rise 1.2% YoY in July
DFM closes with AED 2.45bn loss on Wednesday
Upper Egypt Mills’ board proposes EGP 11/shr dividends for FY18/19
Egypt’s holdings of US Treasuries fall for first time in 6 months
Tadawul sets Advanced Petrochemical’s fluctuation limits
Geopolitics drags down Boursa Kuwait’s indices at Wednesday’s close
Saudi Chemical nods to bonus raise; fluctuation limits set - Tadawul