Latest news

Date Title
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
Dubai Cultiv8 enters investment with US-based Halal-focused FinTech startup
Echem invests $2bn in new projects
Raya Holding’s unit obtains EGP 650m loans from 8 banks
Boursa Kuwait halts stocks from trading
Saudi Arabia raises ownership of US T-bills in July
Upper Egypt Mills posts EGP 174m consolidated profit in FY18/19
SAFCO’s feedstock supplies reach normal levels
Tasnee’s feedstock supplies curtailment drops to 25%
Egypt Gas inks $3.8m deal with Jordanian Egyptian Fajr
Ebtikar raises stake in Masary to 55%
Lenovo controls 38% of Egypt’s tablet market – Official
Yansab feedstock supplies curtailment down to 17%
Abu Dhabi’s CPI slips 0.8% in 8M
CI Capital Holding gets FRA’s approval on EGP 256m capital raise
SABIC’s feedstock supplies shortage improves to 30%
Saudi Kayan sees 37% curtailment in feedstock supplies from Saudi Aramco
Petro Rabigh sees 20% curtailment in ethane gas
Advanced Petrochemical reveals rise in feedstock supplies
Advanced Petrochemical sees capital hike through bonus shares
Ras Al Khaimah breaks arrivals record with 118,000 visitors in August
Boursa Kuwait opens Wednesday down
Kuwaiti oil returns shrink in 5M
Real estate sector contributes 13.6% to Dubai’s GDP in 2018
Kuwait’s budget surplus drops 90.5% YoY in 5M
Kingdom Holding ups stake in flynas
New Damietta sells EGP 150m land plots
Banks weigh on TASI at Tuesday’s end
EGX30 ends Tuesday 1.4% down; market cap loses EGP 10bn
Manama-IX internet exchange platform welcomes global networks
Saudi Egyptian Industrial Investment ups stake in Arab Cotton Ginning
MEPCO renews, amends banking facilities with Al Rajhi Bank
ADX closes Tuesday higher; turnover reaches AED 203m
DFM ends 28 pts down on Tuesday
Emirates NBD offers dynamic currency conversion to UAE visitors
Dutch direct investments to Egypt hit $10bn
Egypt exports $1.8bn food products in 7M
Moody’s affirms Kuwait’s NBK long-term deposits at ‘Aa3’
DIFC concludes successful roadshow in Europe
Farm Frites Egypt launches $40m plant in 10th of Ramadan City
Banque du Caire eyes EGP 1bn capital raise before end 2019
KAMCO nods to draft merger with Global, capital hike of KWD 10.5m
Kuwait's Jazeera Airways show high performance in August
Egypt launches EGP 6bn export subsidy programme
Copetrole logs EGP 50bn revenue in FY18/19
Golden Pyramids’ profit accelerates 17% in Q1-19
Geopolitical tensions lead Boursa Kuwait to 3rd decline in row