Latest news

Date Title
TASI up, Nomu down late Tuesday
Batelco boosts partnership with Tata Communications
Savola to start offering its 1st issuance of sukuk
EGX ends Tuesday in red on local sales
Egypt’s exports to India soar 41% in 2018
Saudi Alhokair’s unit injects EGP 1.2bn in Mall of Tanta
Saudi Arabia to issue dollar sukuk by end of 2019
Saudia orders 65 more jets from Airbus
Abu Dhabi’s non-oil trade hits AED 15.9bn in March
Middle East Glass posts 294% profit hike in 2018
Saudi Aramco, Indonesian Pertamina to extend negotiations of Cilacap Refinery for 3M
Fitch affirms United Arab Bank's long-term IDR at 'BBB+'
Saudi Monshaat support SMEs, entrepreneurs with $213.3m
USD grows 3 piasters in Tuesday’s mid trades
Kuwait C.bank KWD 290m bonds issue oversubscribed 8.84 times
Fitch maintains Emirates Development Bank’s ratings, stable outlook
EIFA's annual conference to kick off in Egypt on Thursday
Boursa Kuwait closes Tuesday in red
Fitch Ratings affirms Al Masraf’s IDR; outlook stable
ADX ends Tuesday in green
DFM gains AED 1.9bn on Tuesday
Basic Chemical elects new board members
Mopco appoints Hisham Nour El-Din as chairman
Farnek launches 1st AI-driven smart washroom in MENA
Foreign workers in Egypt’s private sector fall 8.4% in 4 yrs
Vicat plans to inject EUR 30m to Sinai Cement
Saudi Aramco unveils 1st Saudi hydrogen fueling station
Dubai’s CPI marks 6-month low in May
Egypt’s FRA grants short-selling licence to four firms
Al Kathiri unit obtains SIDF’s initial approval to establish new plant
Consortium-led Ebtikar acquires Orascom’s 87% stake in Tamweel Group
Fitch confirms Ajman Bank’s ratings, stable outlook
Fitch Ratings affirms Sharjah Islamic Bank’s long-term IDR at 'BBB+'
Four firms compete to provide EGP 58m insurance coverage
Danah Al Safat proposes capital cut, offsetting losses
UAE raises holdings of US Treasury bonds in April
Egypt’s finance ministry launches e-portal to receive e-payment suggestions
GACO’s board recommends capital increase
Fitch maintains CBI ratings, stable outlook
Kuwait’s crude oil ads 70 cents on Monday – KPC
Fitch Rating affirms Bank of Sharjah’s ratings, outlook stable
Tadawul suspends trading on Thimar shares
Heliopolis Housing sells over EGP 66m assets
Uber, Careem to remain separate for now – Careem CFO
Heliopolis Housing seeks to sell 3% of land portfolio
UAE SCA approves AED 7bn bond, sukuk issuance in 2018
Saudi Arabia’s US Treasury holdings hit $177bn in April
Al Akaria not to distribute dividends for FY18
Expo 2020 Dubai seals AED 5bn contracts with SMEs
Tadawul delists Alawwal Bank shares after merger with SABB
Egypt’s budget deficit falls to 5.6% in 10M
Union Properties to pay dues to Emicool
Nayifat Finance to launch IPO on Tadawul
Saudi oil exports hit 8.57 mbpd in April – JODI
Mubadala’s Sanad Aerotech inks $6.5bn deal with Rolls-Royce
EGX ends Monday mixed; market cap sheds EGP 180m
TASI closes Monday in green amid higher liquidity
EU offers EUR 3.1m grant to revamp Egyptian Museum
Market value of Saudi Arabia’s K12 sector exceeds $37bn in 2018 - Colliers
Al Mazaya inks KWD 41.5m loan deal
Egypt’s banking sector nets $200bn cash inflows since currency float
Majid Al Futtaim seeks to gain foothold in Uganda with 1st Carrefour store
Banque Du Caire to float 30-40% stake on EGX by end-2019
FinTech services contribute 1.6% to GDP – CBE Governor
ADX sheds AED 5.9bn on Monday
DFM rises slightly at Monday’s close
Saudi Shura Council approves cancelling installment sale system
UAE pharma market to boost value to $4.5bn by 2021
Boursa Kuwait closes Monday higher
EBE targets EGP 1bn profit in FY19/20
UAE, Hong Kong sign protection of investments agreement
Egyptian chambers of commerce collect above EGP 1.4bn taxes
NBK-Egypt unveils “NBK EG Wallet” app
Egyptian Media Production in talks to acquire stake in Arabian Hospitality
Boursa Kuwait resumes trading on KGL Logistics
SABB hires Lubna Olayan as chairman following merger with Alawwal Bank
EGX-listed real estate firms’ market cap hits EGP 80bn
Salama elects Jassim Alseddiqi as board chairman
Egypt to establish EGP 1.5-2bn logistics area in New Valley
DSI appoints new chairman
Egypt’s hotel room revenues likely to grow 25% in 2019 – Report
Aayan to log $1m profit from Mashaer Holding’s settlement in Saudi Arabia
EU allocates EUR 500m to Egypt’s major sectors in 4 yrs – PM
Banque Du Caire’s Q1 profit soars 200%
ADNOC, Netherland’s OCI to form global nitrogen fertiliser JV
Egypt, Israel reach $500m settlement deal over gas dispute
UAE tops Arab World with $10.4bn FDI in 2018
Abanos wins Emaar’s 5-star Address Residences contract
UAE interbank fund transfers hit AED 3trn in 5M
Egypt completes 70% of New Administrative Capital’s infrastructure
Hadisolb’s sales drop 14% in 10M
Tamweely Microfinance’s board approves EGP 25m capital hike
MAWANI slashes handing charges at King Fahd Industrial Port in Yanbu
Millennium MEA confirms exclusive rights to operate Makkah Millennium Hotel
Saudi Zain inks SAR 2.3bn Islamic credit facility
M&A Brief of the Week
EGX ends Sunday in green on local buying
Azizi Developments completes Azizi Aliyah’s construction work
Saudi solar PV projects target $1.5bn investments
Saudi Arabia to establish int’l city for dates