Latest news

Date Title
Egypt plans to use electric locomotives
Saudi Aramco, S. Korea’s Hyundai Motor ink hydrogen energy MoU
Sharjah Islamic Bank raises $500m sukuk
Profit-taking weighs on DFM Wednesday
Global Telecom concludes EGP 2.3bn tax settlement deal
ADX ends Wednesday in red
Egy Lease in talks with EPICO to sell its entire stake in MUP
EIPICO seeks to buy Egy Lease’s 9.77% stake in MUP
Nakheel injects AED 114m into roads and bridges
Saudi Aramco expands chemicals footprint with S-Oil expansion project in S. Korea
Sobha Realty launches new project in Dubai
Egypt to ink $1.5bn second tranche deal with ITFC in July
Saudi-S.Korean bilateral trade hits $30bn in 2018
Shuaa’s stock hikes 3.5% early Wednesday on strategic partnership with ADFG
Saudi Crown Prince opens S. Korean S-Oil refinery Wednesday
Egypt to issue $4-7bn Eurobonds, sukuk in FY19/20 – Minister
Advanced Petrochemical gets feedstock allocation to set up new plant
Dubai Investments’ Mirdif Hills to begin handover in July
Al Mal Investment to pay Saudi authority SAR 22.5m
Egypt eyes non-financial IMF deal by October – Minister
Saudi Aramco inks multibillion-dollar deals with S. Korean firms
Arabian Centres profit up 2.25% in FY18/19
Household foreign-currency deposits hit EGP 497.7bn end-March – CBE
ADFG, Shuaa nod to combine businesses for regional financial services powerhouse
Boursa Kuwait’s indices open Wednesday mixed
Arriyadh Development’s unit secures SAR 800m credit facilities
ADNOC Distribution confirms no changes in fuel types
Chinese investments into Dubai hit AED 2.5bn in 2018
UAE national railway awards AED 4.4bn contract
Prime Holding offers to acquire two of Pharos Holding’s units
Kuwaiti C. bank issues KWD 200m bonds
Acrow Misr posts 22% profit decline in Q1
Cairo Investment to acquire 60% of UAE company
Kuwaiti C. Bank approves Burgan Bank’s $500m securities
SICO Bank sets FV of Alafco with overweight recommendation
Egypt’s cement sales decline 8% in Q1
Empower to sell 800 KWs of waste-fueled energy
Al Imtiaz Investment likely to record 79% leap in H1 profits – Analyst
Fitaihi Group associate buys 3 medical entities in Jeddah
Americana Egypt names new chairman
Zain calls off tower sales deal on regulations
TASI ends Tuesday in green
Egypt’s GDP growth to hit 6% in FY19/20
UAE bank assets rise 6% in May – C. bank
SAMI fully acquires Advanced Electronics Co
Cleopatra Hospital launches JV with Taleem Management Services
SEDCO to distribute SAR 9.9m dividends for SEDCO Capital REIT Fund unitholders
Boursa Kuwait in green at Tuesday’s close
ADX loses AED 1.9bn on Tuesday
Najran Cement temporarily suspends 2nd line, resumes operations at 3rd
RAKBANK repays $800m bond
Al Akaria names Kelvin Kwok as new CEO
Musanada, ITC complete AED 40m Al Maqtara-Hamim road improvement project
Ataa Eduction’s book building for IPO starts on Thursday
Sheeni logs EGP 42m initial loss in 11M
Expo 2020 Dubai names Jacobs Mace as ‘Official Programme Delivery Management Provider’
Egypt sees lower iron sales volume in Q1-19
Abu Dhabi’s CPI rises in May
Sipchem unit inks $600m Islamic facility with local banks
Kuwait crude oil down 23 cents on Monday – KPC
Aldar’s stock acquires 55% of ADX liquidity in Tuesday’s mid-trade
Dubai Silk Road strategy to uplift industrial, warehousing demand - Savills
TASI inches up early Tuesday
UAE’s SDIC appoints Sharpoorji Pallonji as main contractor for AED 1.5bn development
Sidpec buys land plot to expand propylene, polypropylene plant
Arriyadh Development establishes new real estate arm
Aldar Properties enters strategic partnership with India’s ANAROCK Group
Boursa Kuwait opens Tuesday higher
Amazon to hold Prime Day in UAE next July
Ithra Dubai invests AED 7bn in Deira Enrichment Phase 1
Egyptian banks grant EGP 1.84trn loans in March – Report
Egyptian banks’ deposits rise 1.2% in March – CBE
Germany’s Mercedes-Benz to assemble cars in Egypt via local partner
Egypt’s NUCA offers 538 housing units in New Administrative Capital
EGX ends Monday below 14,000 pts
Jarir pens SAR 8m lease deal with Sehat Al-Sharq Medical
SABIC extends JV with Japan’s JSMC for 20 yrs
NUCA to inject EGP 60-70bn in New Administrative Capital in FY19/20
Saudi indices fall at Monday’s close
EIT to digitalise global real estate opportunities with sharia-compliant scheme
Egypt pays EGP 14.5bn for local wheat since April
UAE to see AED 20bn rise in cloud business revenue by 2022
UAE C. bank’s foreign assets up 3.2% in May
Germany’s Bosch inks deal to set up new plant in Egypt
Moody’s affirms Sharjah Islamic Bank’s ratings; change outlook to negative
Tadawul attracts $10.8bn foreign inflows after MSCI inclusion – IIF
Google denies receiving info on new Ad taxes from Egypt’s gov’t
UAE’s DIFC partners with TiE Mumbai to prop up Indain FinTechs
Al Imtiaz Investment’s unit wins KWD 10m deal from KGOC
Google supports Egypt’s economy with EGP 5.2bn/yr
Aldar Properties logs AED 420m in sales from Alreeman II Phase 1
Boursa Kuwait’s indices close Monday mixed
ADX gains AED 1.5bn at Monday’s close
MedGulf renews insurance agreement with Binladin Group
Real estate stocks push up DFM at Monday’s close
El Arabia for Land Reclamation starts work on Bahariya Oasis project
Saudi investment firm acquires 4 buildings in Manchester for $50m
Alafco inks $470m unsecured consolidated loan
Egypt’s NUCA offers 504 ‘Sakan Misr’ housing units in El-Shorouk
GACO pens non-binding deal to buy 67.1% in Advanced Bakeries