Latest news

Date Title
National Industries receives CMA’s nod to issue KWD 30m bonds
Egypt implements EGP 1.2bn water, wastewater projects in Qalyubia
Aqar Real Estate seals AED 50m agreement with foreign bank
Saudi Kayan sees 50% drop in feedstock supplies
Egypt, US sign EGP 280m grant deals
UAE gold prices tumble in week
Petrochem announces 40% shortage in feedstock supplies
SABIC announces decline in units’ feedstock supplies
Egypt targets 8% economic growth by 2022 – PM
Boursa Kuwait closes Sunday in decline
ADX ends Sunday in red; market cap sheds AED 1.78bn
EGX likely to see 4 IPOs before end 2019 – Official
AUB Bahrain approves exchange ratio of merger with KFH
DFM ends Sunday in red
Fujairah Building Industries appoints new CFO
Egypt regains int’l confidence on economic reforms – CBE governor
KFH offers to buy AUB Bahrain for $8.8bn – Bloomberg
Egyptian banks’ balances abroad hit $18.9bn end August
UAE-based investors to set up 5 economic zones in Bangladesh
Jabal Omar appoints new CEO
Egypt consumes 79m tonnes of petroleum products in FY17/18
Egyptian Iron and Steel generates EGP 188m revenue in 2M
HEISCO pens KWD 4m deal with Kuwaiti KNPC
Sustainable Capital Africa Alpha Fund ups stake in Orascom Construction
CBE issues EGP 18.75bn T-bills on Sunday
UAE’s SCTDA to organise roadshows in China next September
Emaar among world’s most powerful real estate brands in 2019 - Report
Boursa Kuwait opens Sunday in red
AM Best upgrades UAE’s ADNTC outlooks to positive
Orient Insurance gets Saudi SAMA’s preliminary nod to establish AED 300m branches
UAE’s EITC appoints new CEO
Fire breaks out in 2 Aramco’s facilities after drone attacks
ADIB Egypt considers capital increase – CEO
ADX distributes $6.8bn dividends in 2019
CORC’s revenues hit $160m in FY18/19
Suez Oil Processing’s output reaches 1.6 mt in FY18/19
Kuwait’s resident bank deposits decline in July
EGX30 gains 1.2% in week; Market cap loses EGP 18bn
TASI sheds 223 pts in week
Beltone Research sets TP of Zain, Mobily
Egypt Post’s deposits hit $13.4bn
Boursa Kuwait’s indices go down in week
Bahrain Bourse loses 4.5 pts in week
Saudi Arabia’s unemployment rate shrinks in Q2-19
Military production ministry, SES to build solar power plants
SAMI, QDM sign protocol to bolster Saudi defence products
Egypt C. bank sells EGP 21.3bn T-bills
Alexandria Mills’ FY18/19 audited statements show 44.6% profit decline
Saudi Arabia launches Madinat Al Wouroud
SDB to offer $133.3m finance for Saudi health projects
LG Electronics eyes $300m sales in Egypt in 2020
ACWA Power targets presence in 46 countries by 2030
Egypt Gas nods to EGP 61m contract with Norpetco
KFH approves exchange ratio of merger with AUB Bahrain
Banks weigh on TASI at Thursday’s close
KOC's operating budget totals KWD 2.5bn in FY19/20
Egypt to activate short selling in November - FRA's vice chairman
Kuwait’s residents receive $124.6bn loans in July
Boubyan Petrochemical posts $7.26m profit in Q1-19/20
Arab Cotton Ginning's board proposes EGP 0.10/shr dividends for FY18/19
KIPCO raises stake in Gulf Insurance at 675 fils/shr
AAIB arranges EGP 6bn securitised bonds
Alexandria Portland Cement sells EGP 31.7m land
Banks stocks weigh on ADX in week
DFM slips in week
Kuwaiti oil drops to $62.08 pb on Wednesday – KPC
M&A Brief of the Week
SAMI-Navantia inks EUR 900m deal to support Saudi navy
ADX sees bearish trend on Thursday
Boursa Kuwait ends Thursday’s session mixed
Belgium to finance Baron Empain Palace’s reconstruction with EGP 16m
DFM ends Thursday in green
Egyptian Refining Company’s units in full operation – Qalaa Holdings
Stake sale in Network International to boost Emirates NBD’s profitability - Moody’s
United Bank injects EGP 880m loans to agri, food sectors in 8M
Centamin’s investments hit $4.2bn in Egypt end June
UAE’s GDP up 2.8% in Q1
World Bank offers $500m to Egypt’s Takaful and Karama programme
Egypt denies awarding contract to Hassan Allam-Samcrete consortium
Telecom Egypt starts working on EGP 40bn telecom network in new capital
Al Enmaa Real Estate’s profits surge 95% in 9M
Dubai’s business confidence index improves in Q2
Tadawul halts trading on National Building’s stock on Thursday
CBE issues EGP 19bn T-bills on Thursday
Porto Group Holding buys EGP 247m land plot in West Assiut
Boursa Kuwait opens Thursday in green
Herfy Food to distribute SAR 1/shr dividend for H1-19
Healthcare sector among Saudi Vision 2030 key changes – Colliers
Abu Dhabi DoE, China’s SGCC ink MoU to support energy sector
Shuaa Capital approves name change
SAGIA issues 291 business licences in Q2-19
Kuwait cuts oil production in August
MNHD seeks to buy EGP 1.6bn land in West Assiut
Kuwait-based banks’ foreign assets equal $60.1bn in July
TASI marks 8M-low at Wednesday’s close
Dana Gas' assets in Egypt attract large interest - Mubaideen
KSA signs over SAR 2bn deals on cleaning projects in Makkah
Saudi PIF negotiates higher stake in Acwa Power
Nesma and Partners to execute first phase of Avenues Riyadh – Mabanee
EGX30 breaks above 15,000 pts at Wednesday’s close