Latest news

Date Title
Industrial Development Bank mulls EGP 1bn investments for SMEs
DEWA, Huawei host strategic summit to boost collaboration in AI, digital transformation
Heliopolis Housing’s profit soars 42% in FY18/19
ADX hits lowest in 3M at Sunday’s close
Speed Medical’s profit jumps 46% in H1 on higher revenues
Al Mal Investment names new CEO
Egytrans’ H1 unaudited consolidated financials post EGP 24m profit
Geopolitical tensions weigh on DFM Sunday
AFZ firms contribute 32% of Ajman’s exports
EG Bank logs EGP 292m profit in H1
Boursa Kuwait ends Sunday in red on geopolitical, recession concerns
Emaar Misr pens EGP 1.8bn deal with Arabtec Construction
National Grid SA serves up to 13,000 cities in Saudi Arabia
Mubadala, Nirvana travel & tourism ink MoU to support Abu Dhabi’s medical tourism
Obour Land posts EGP 127m profit in H1
Marseilia’s profit soars 185% in H1
SAIB turns profitable in H1
Abu Qir Fertilizers proposes EGP 1.1/shr dividends for FY18/19
Nakheel launches exclusive high-end villas for sales at Nad Al Sheba
ABCC launches new membership campaign attracting Arab companies
Saudi Seera boosts Middle East travellers bookings with Salesforce’s platform
Barbary Group logs EGP 0.5 EPS on American Automotive’s revenue
Boubyan Petrochemical buys KWD 49k equity in Kuwait Foundry
Abu Qir Fertilizers posts 30% profit rise in FY18/19
Work at Dubai’s Wasl Tower in progress
Trading on IFA stock to resume on Boursa Kuwait Monday
TASI falls 1.6% early Sunday
CBE issues EGP 18.75bn T-bills on Sunday
Sharjah Int'l Airport sees 7.8m passengers in 7M
Elsaeed Contracting’s H1 profit hikes 73%
UAE-IAA partners up with India’s ICAI to support internal auditing, accounting sectors
Boursa Kuwait starts Sunday in red
Takaful Emarat appoints new acting CEO
Baazeem Trading records SAR 12m profits in H1
Al Samaani’s Q2 profits slide 73%
DP World UAE Region, Jafza showcase potential at India’s FoodPro
ADNOC Distribution unveils certification of shares as shari’a compliant
Interest rate cut to boost 8 stocks on EGX
UAE to tax e-cigarettes, sweetened drinks
Egypt’s exports to G7 hit $3.8bn in H1-19
CBE may lower interest rates by 400 bps
India eyes partnership with UAE to become $5trln economy
Developers in Dubai, Abu Dhabi report profit decline in Q2-19
Arabian Centres to operate Egypt’s Mansoura Mall in 2021
ADX plunges more than 15 pts in week
TASI loses over 104 pts in week
Reportage Properties to handover 5 projects in Abu Dhabi
Tadawul approves listing of SAR 2.26bn gov’t debt instruments
El-Sisi names board members, CEO of Egyptian space agency
Delta Mills’ audited profit drops 33% YoY in FY18/19
DP World posts $753m profit in H1-19
CBE sells EGP 20.5bn T-bills on Thursday
CBE slashes interest rates by 1.5%
Bitumode’s non-consolidated profit hits EGP 32.8m in H1-19
Saudi gov’t appoints 1st ministerial spokeswoman
New capital’s business district reaches 35% completion
Saudi market ends Thursday’s session down
Boursa Kuwait’s indices fall in week; liquidity soars 129.5%
Egyptian gov’t nods to building of multi-purpose terminal
Radisson Group to open 2 new hotels in Saudi Arabia in 2019
NMC Health logs $323.5m worth EBITDA in H1-19
EGX 30 edges down at Thursday's close amid interest cut forecasts
Egypt offers New Alamein’s Downtown Phase I next week
Ahmed Jazzar to lead Boeing’s defense, security issues in Saudi Arabia
Emaar proceeds 2nd cluster of Creek Beach District
Egypt’s bourse launches EGX 30 TR index
Boursa Kuwait closes Thursday lower for 3rd session in row
Orascom Development to start construction of ‘O West’ in December
Tadawul suspends trading on Alujain, Thimar shares
Investments loans to agriculture projects hit EGP 14.2bn in FY17/18
DFM ends week in red
HSBC Bank PLC sells 1.3m shares in Ezz Steel
Industrial Development Bank targets EGP 450m profit in 2019
Over 2,000 Indian firms join Dubai Chamber in H1
Egypt’s EGAS pens natural gas vehicle conversion deal with NSPO
Cairo oils incurs EGP 25m losses in H1-19
GGF invests $15m on EE and RE projects in Bank Audi
SAGO to buy 780,000 tonnes of feed barley
ADX snaps two-session losing streak on Thursday
New Administrative Capital attracts EGP 250bn investments
DFM sheds 22 pts on Thursday
Interbank transactions hit $7.5bn end-July – CBE official
Misr Cement Qena’s H1 profit slumps 85% on higher expenses
M&A Brief of the Week
Housing ministry sees EGP 150bn investments in PPP projects
Dubai's Averda Int’l in talks with banks over $700m potential IPO
KAMCO receives CMA’s approval to capital restructuring
Minapharm Pharmaceuticals’ standalone profit dips 70% in H1
National Building not to pay dividends for FY18
Diesel prices in Abu Dhabi rise 8.5% in Q2
India’s LTHE, Subsea 7 win Saudi Aramco offshore contract
Egypt allocates EGP 31bn to develop Upper Egypt in FY19/20
GEMMA’s H1 unaudited financials post 31% profit growth
Unipack’s H1 profit slides 22%
EFIC’s consolidated profit rises 75% in H1
UAE C. bank’s foreign assets up 11% in July
SDRPY launches new electricity infrastructure in Hajjah
Egypt directs EGP 5bn investments to Sinai in FY19/20
Azizi Developments appoints new CFO
Abo Moati shareholders approve 25% capital increase, 5% dividends