Latest news

Date Title
S. Korea’s KHNP to provide maintenance services for UAE’s Barakah nuclear power plant
Kingdom Holding completes 4.8m share acquisition in US Lyft
Egypt allocates EGP 11bn to local development programmes in FY19/20
Kingdom Holding to pay 5% cash dividends for FY18
Egypt finances 251,000 SMEs with EGP 15bn in FY18/19 – Minister
Nakheel to open AED 2.8bn projects end-2019
NBK likely to record 14% increase in H1 profits – Analyst
Union Properties’ Dubai Autodrome Business Park phase 2 secures 100% pre-bookings
Shams acquires 53% stake in Hemaia Group
Thomas Cook’s Egypt summer bookings likely to grow 15%
Indian investments in Egypt hit $3bn – Ambassador
Sharjah Islamic Bank eyes raising $500m bonds
CBE issues EGP 1.75bn T-bonds Monday
Arabtec jumps 2.7% on ADNOC Onshore’s project
Egypt’s gold exports hike 132% in Q2-18/19 – CBE
Chinese investments in UAE’s real estate to grow 70% in 2019
Aljazira Capital to pay 5% cash dividends for 1 year
Expats’ remittances in UAE hit AED 38.4bn in Q1
Mahara logs SAR 54m profit in Q1
Real estate, industrial stocks boost Boursa Kuwait early Monday
Arabtec’s unit secures additional AED 315m from Tecnicas Reunidas
Du inks JV deal with Bahrain’s Batelco
Dubai-based startup Hopi nabs seed-funding
MNHD denies borrowing EGP 1.4bn
CMA nods for Saudi DWF to raise capital to SAR 25m
Petrochem redeems SAR 1.2bn sukuk
Saudi Kayan signs $2bn Murabaha facility with NBC
Advanced Petrochemical to raise capital by SAR 196m
EGX ends Sunday in red on local sales
Zain KSA not to sells mobile towers to IHS
Banque Misr considers contributing EGP 13.3bn to syndicated loans
TASI falls 130 pts, Nomu grows at Sunday’s close
flynas pens $2.4bn deal with Airbus
EMPG announces acquisition of Jumia House in Maghreb region
Ten Egyptian companies raise capital by EGP 2bn – Ministry
SEC unit completes 1st phase of fibre optic network deployment in industrial cities
Saudi Al Othaim Group opens Xtreme Zone in Abu Dhabi
Google plans to hire Cairo-based team
GEMS Education, Siemens ink MoU to boost education-industry integration
M&A Brief of the Week
Nile Pharma logs EGP 19.5m profit in 11M
ADX ends Sunday in red; market cap sheds AED 5.03bn
UAE’s GDP grows 2.2% in Q1 – C.bank
El Kahera Housing’s profit soars 425% in Q1-19
Tabuk Agricultural to replace 2 projects
InterContinental Hotels eyes expansion in UAE
Boursa Kuwait closes Sunday in decline
Egypt manufacturing index drops 8.4% in April – CAPMAS
Chinese Silk Road Fund acquires 49% stake in Saudi ACWA Power
Profit-taking weighs on DFM on Sunday
Pioneers Holding’s profit rises 23% in Q1-19
Raya Holding’s shareholders approve dividends for Q1-19
ADIB unveils new savings plan ‘Khuttati’
Zahrat Al Waha to launch new production line for SAR 14m
Egypt prepares largest budget in its history for FY19/20
Alafco inks deal with CFM to expand LEAP fleet
Arabian Pipes to use SAR 71m of reserves to offset losses
Saudi German Hospital not to distribute dividends for FY18
Dar Alarkan not to pay dividends for FY18
Shuaa Capital’s stock up 8% as merger approaches
Beltone’s board nominates new chairman, managing director
Taameer Real Estate reappoints chairman
Aldar Properties sells 1st phase plots of Alreeman 2
USD trades steady against EGP early Sunday
ENOC builds 3 fuel distribution plants at Expo 2020 Dubai site
Egypt’s parliament approves EUR 225m loan from KfW Development Bank
CBE issues EGP 17bn T-bills on Sunday
Banks push down Saudi indices early Sunday
Sharjah International Airport sees 5.5m passengers in 5M
NADEC no to proceed acquisition deal with Al Safi Danone Company
Musharaka REIT to pay SAR 31m dividend for H1
Sipchem suspends 3 units for periodic turnaround maintenance
GCC to be volatile this week – Analysis
DAMAC denies being in pole position to buy Italy’s Roberto Cavalli
Attijariwafa Bank requests licenses for new services
Egypt’s Islamic banking sector grows 15.8% YoY in Q1
Etihad Airways halts flights over Iran’s Hormuz
Saudi National Water to develop SAR 5.8bn projects
Warba Insurance ups stake in Wapmed TPA Services
Suez Canal adds EGP 54.7bn to Egypt’s general budget
Dubai ruler approves AED 2bn Dubai-Al Ain Road project
Chemical Industries Holding targets EGP 24.3bn revenue from subsidiaries
Sales of Kuwaiti properties hit $1.12bn in May
Saudi Arabia’s Sami launches JV with French aerospace firm
ENPPI wins $500m contract in Saudi Arabia
ADX adds 1.6% in week
DFM levels up 26 pts in week
TASI loses over 71 pts in week
Egypt’s VAT returns rise 19% in 10M
QSE gains over $3.4bn in week
Boursa Kuwait’s indices see negative week
Bahrain Bourse goes up 6 pts in week
Mansour Auto, China’s SAIC Motor to produce MG cars in Egypt
Egyptian gov’t to establish $6m clearing company
New project to link Gulf countries’ statistical centres
Flynas inks protocol with Airbus for new orders
Arabian Aramco Total Services redeems SAR 140.9m
EGX ends Thursday in red; market cap loses EGP 3.18bn
Egypt’s hotel occupancy rates jump ahead of Africa Cup of Nations
UAE hosts 1st 'Digital Government Research' edition in ME