Latest news

Date Title
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
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