Latest news

Date Title
DFM ends Thursday in green
Global Telecom Holding buys back 32.9m shares
Egypt allocates EGP 250m to launch waste management system
Almarai to raise sales to 30% in new destinations by 2025 – CEO
Egypt’s trade deficit falls 22% in June – CAPMAS
Saudi insurers’ merger delays on internal decisions
Ibnsina Pharma’s stock sees EGP 670.4m deal Thursday
Russian agricultural exports to Saudi Arabia to hit $2bn by 2024 – Minister
Lulu opens new hypermarket in Ajman
Al Shams Housing’s board approves raising capital to EGP 181.5m
Kuwait’s crude oil price falls $0.31 on Wednesday - KPC
Palm Hills saves EGP 70-80m annually from interest rate cut
HSBC Egypt starts dealing in Chinese Renminbi
Acrow Misr posts EGP 77m standalone profit in H1
TASI grows, Nomu falls at Thursday’s open
CBE issues EGP 19bn T-bills on Thursday
M&A Brief of the Week
Emirates NBD’s stock acquires 45% of DFM’s liquidity
Abu Dhabi’s Galleria mall extension opens on Wednesday
Emirates NBD sells 52.6m ordinary shares in UK’s Network International
Egypt to reduce debt-to-GDP ratio to 77.5% in 2022
US’ BlackRock opens office in Saudi Arabia
Al Baraka’s South African unit posts net income growth in H1-19
Egypt to pay $80.8bn to social insurance funds in 7 yrs
Beltone Research sets Palm Hills Development's FV at EGP 4.8/shr
Egypt’s gold reserves hit all-time high in August
Kuwait Airport receives 1.7m travellers in August
Alexandria Customs issues clearance for EGP 4.1bn cars, spare parts in August
Egypt denies issuing debt instruments to repay Suez Canal certificates
Oil products make up 91% of Kuwaiti exports in H1-19
Banks, telecom push up Saudi market at Wednesday’s close
Kuwait’s trade surplus rises in H1-19
CHUBB Arabia names new acting CEO
Financial advisor sets Arabia Investments Holding’s FV at EGP 0.74/shr
Saint Gobain Glass opens new production line in Ain Sokhna
Al Baraka Banking eyes expansion in new markets - Interview
Union of Arab Chambers eyes raising Sino-Arab trade to $600m
Egytrans’ board nods to sell 2.2m treasury stocks
Emirates NBD’s stock boosts DFM on Wednesday
ADX gains AED 1.5bn on Wednesday
Misr Chemical Industries logs EGP 77m profit in FY18/19; dividends proposed
Saudi Arabia to uncover new visa scheme on 27 September
Development and Engineering Consultants turns to losses in H1
Emaar launches revolutionary rental concept for global travellers
Egypt disburses EGP 160.5bn to social insurance funds in FY19/20
Egypt eyes EGP 124bn primary surplus in FY19/20
Egypt’s non-oil imports hit $4.8bn in June
Arab Cotton Ginning's standalone profit slides 62% in FY18/19
Azizi Developments completes 92% of Farishta’s construction
Egypt’s foreign reserves rise to $44.96bn end-August
Alkhabeer Capital to raise capital by 10%
Adnoc, Singapore’s GIC ink $600m pipeline infrastructure deal
Spinalex’s FY18/19 unaudited financials show EGP 62m loss
Palm Hills H1 profit inches up despite lower sales
Element Materials wins 4-yr contract from Sepco Arabia
Sobha Realty to file for IPO in 2022
Samcrete Misr logs EGP 211m standalone profit in 2018
Saudi bourse opens Wednesday in green
Leejam Sports to pay SAR 0.5/shr cash dividends for Q2
Mezzan Holding to acquire 29% of Saudi Mezzan Foods
Kuwait crude oil drops $1.15 on Tuesday
Banks push down Boursa Kuwait at Wednesday's open
Arabtec mulls collaboration with Abu Dhabi’s Torjan Holding
Arabtec appoints new group COO
Al Tadamun Microfinance in talks for EGP 200m loan
Egypt’s transport ministry inks deal to maintain Cairo, Riyadh ferries
EGX indices end Tuesday in red
Egypt’s FRA nods to Delta Insurance’s capital raise procedures
Egypt-Belarus bilateral trade hits $74m in H1
Noor Financial Investment repays $9.8m loan
TASI ends Tuesday in red
New car prices likely to increase in Egypt
SASCO inks SAR 166m facility agreement with NCB
Emirates Flight Catering launches JV with US’ Cuisine Solutions
Egypt’s inflation rate likely to see further drop in 2019 – Report
Heliopolis Housing prepares bid requirements for management contract
Saudi transport minister joins Aramco’s board
Iron prices in Egypt likely to fall on customs dollar libralisation
Naguib Sawiris awaits new regulations to invest in Egypt’s mining sector
Uber appoints new GM for Uber Eats in Saudi Arabia
UAE’s manufacturing sector contributes AED 122bn to GDP in 2018
Investors offer to build new hotel in El Gouna
Saudi Arabia’s bond market grows 29% in H1 - Debtwire Par
Delta Sugar invests $2m in JV with Egyptian Petrochemicals Holding Company
Real estate stocks weigh on ADX on Tuesday
EFG Hermes, Talaat Moustafa, GB Capital to launch mortgage JV in October
DFM sheds 13.37 pts on Tuesday
Egypt sells EGP 4.9bn T-bonds
Bloom Properties begins handover of 304 units at Soho Square
Egypt completes establishment of 4,500 factories in 2019
Saudi non-oil private sector sees faster improvement in August– PMI
Egypt’s pharmaceutical exports hit EGP 789m in 2018
UAE non-oil private sector sees modest improvement in August - PMI
Egypt’s non-oil private sector sees mild contraction in August – PMI
Moody’s affirms GIB’s long- term deposit rating at ‘Baa1’
Samana Developers to deliver AED 100m Samana Hills in 2021
GB Auto’s shareholders approve merger with RGI
United Bank's unaudited financials show EGP 650m profit in H1
ADCB degitises blockchain trade finance via Singapore’s dltledgers platform
Aramex transforms digital infrastructure to AWS