Latest news

Date Title
FRA nods to Arabia Investments Holding’s EGP 288m capital raise
Bahrain Bourse to suspend trading on Sunday
SAMA’s assets grow 0.6% in July
EGX ends week 500 pts higher on interest rate cut
Kuwaiti indices end August down; liquidity falls 50%
Saudi foreign reserves hit $503bn in July – SAMA
Minapharm Pharmaceuticals’ consolidated profit falls 51% in H1
TASI loses 151 pts at Thursday’s close
Saudi Arabia pens MoU to promote slat farming
Maait named best finance minister in MENA for 2019 – GlobalMarkets
ADX loses AED 13.5bn in August
DFM ends August 5% lower
Kuwaiti indices end Thursday’s session mixed
ADX gains AED 4.7bn on Thursday
Arab Drug Co’s board proposes EGP 3/shr dividends for FY18/19
Delta Sugar pens deal with UAE’s Al Wahdania to raise production capacity
Egypt plans to invest EGP 7bn to develop neediest villages in FY19/20
DFM ends Thursday on positive note
Egypt, China to build training centre for AI
Egypt allocates EGP 15.4bn for local development in FY19/20
Nutanix, GSCCO cooperate to raise container volumes
Kuwait’s crude oil up to $60.19/pb on Wednesday – KPC
Majid Al Futtaim records AED 17.9bn revenue in H1
Kahira Pharmaceuticals posts 21% profit drop in FY18/19
Hadisolb’s financial indicators show EGP 1.24bn losses in FY18/19
Dubai’s Equitativa mulls AED 200m real estate acquisitions for Emirates REIT
Saudi EXIM Bank to start operation within months
UAB, MBRHE ink MoU on housing finance solutions to UAE nationals
Dice’s consolidated profit slides 13% in H1
M&A Brief of the Week
Egypt inks deal with Saudi Newton to set up joint stock firm
eXtra opens third outlet in Oman
Aramco Asia hosts 2019 Suppliers Forum to in China
AMOC’s board proposes EGP 0.25/shr dividends for FY18/19
ITIDA to hold its first shared services forum in Egypt in September
Saudi Aramco sets propane price at $350/tonne for September
Elsewedy Electric’s unit inks EGP 327m contract with EETC
TASI opens Thursday in green
Kuwaiti gov’t inks KWD 108.5m contract on Al Mutlaa Residential City
Shuaa Capital mulls name change
Al Sorayai fluctuation limits to be based on share price of SAR 40.75
Empower to open EGP 84m waste-to-energy plant in September – Interview
CBE issues EGP 19bn T-bills on Thursday
Boursa Kuwait halts trading activity on Jiyad
Al Sorayai’s board approves 70% capital cut
Sobha Realty eyes AED 2bn sales in 2019
Boursa Kuwait starts Thursday mixed
UAE’s ASA Ventures to launch 1st decentralised e-commerce network in region
Chairman ups stake in Speed Medical to 36%
Al Rajhi Capital sets TP of Savola at SAR 30
Saudi-Arab merchandise trade amounts to $19.1bn in H1-19
Foreign ownership on Tadawul exceeds SAR 150bn – Al Hussan
Google to relocate China’s Pixel smartphone production in Vietnam–Report
Saudi Chemical receives SAR 380m investments
Egypt offers investments opportunities at EGP 50bn in 2 yrs
Russian firm eyes selling grains to Egypt
TASI falls, Nomu grows at Wednesday’s close
KMEFIC receives market maker licence from CMA
City Edge Developments logs EGP 15bn property sales in Egypt
EGX ends Wednesday on positive note; market cap gains EGP 9.8bn
Egypt leads Middle East’s fast growing economies
Egypt pens MoU with Japan’s largest bank to foster investments
Research firm sets FV for Elsewedy Electric at EGP 19.8/shr
Saudi Arabians become 2nd-largest investors in UAE’s Azizi Developments
IBC Group’s unit closes $5bn deal with Indian lodging booking website
Saudi PIF finalises terms on $10bn loan
Egypt tops Africa in construction projects in 2018 – Report
Egypt gov’t to open Pyramids Renovation Project in 2020
Boursa Kuwait rises on Wednesday amid weak turnover
Profit-taking weighs on ADX Wednesday
Elsewedy Electric, Toyota ink deal to set up 2 solar plants in Zambia
Saudi Arabia’s deflation likely to normalise in 2020 – KPMG
DFM snaps three-session winning streak on Wednesday
EBE’s board proposes EGP 1/shr dividends for FY18/19
EBE’s unaudited financials show EGP 1.1bn profit in FY18/19
Majid Al Futtaim launches private cinema at UAE’s Kempinski Hotel Mall
Tabreed to take part in 24th World Energy Congress
Arab Cotton Ginning’s unaudited standalone financials post 63% profit drop
Saudi Arabia’s ICT strategy to inject SAR 50bn to GDP in 5 yrs
MNHD obtains EGP 300m loan from AAIB
Bitumode’s consolidated profit jumps 511% in H1
UAE banks’ domestic credit hits AED 1.55trn in July
International Agricultural Products logs EGP 122m profit in FY18/19
Saudi MEIM launches initiative to upgrade factories via providing soft loans
Egyptians Abroad rebrands as Odin Investments
Arab Dairy’s profit soars 126% in H1
Aramco unit sells 1st US WTL crude to Hyundai
RAKBank, CRIF Gulf D&B ink MoU to offer SMEs business information solutions
SODIC receives nod on The Estates project’s master plan
Middle East Glass asks for $100m loan from IFC
DFM celebrates Emirati Women’s day
Kuwait crude oil extends losses to $59.44/pb on Tuesday – KPC
TASI starts Wednesday down
Egypt reconsiders issuing EGP-denominated bonds in int’l market in 2020
Tawuniya inks deal with Ministry of Hajj and Umrah
ENOC Group, Greece’s IMS Oil Trading ink marine lubricants supply MoU
GBK’s stock falls to lowest level in 6M on Wednesday
Knowledge Economic City names new CEO
Kuwait’s ministry pens KWD 14m maintenance contracts
TAQA elects new board members