Latest news

Date Title
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
Tadawul closes Sunday in red; NOMU adds 0.55%
Japan grants Egypt $18m to support healthcare sector
RAK Cement appoints Al Ramz Capital as liquidity provider
Noor Financial Investment H1-19 profits may fall 34% – Analyst
Memphis Pharmaceutical’s losses drop 57% in 11M
Egypt’s transport ministry set to launch 7 dry ports, logistic areas
Blue chips push down ADX at Sunday’s close
Saudi Arabia exports down to SAR 86bn in April – GaStat
Saudi Arabia imports shrink 17% YoY in April – GaStat
Egypt’s state-run enterprises to launch IPO contingent on restructuring – Minister
Boursa Kuwait falls on Sunday amid lower liquidity
Amar for Finance’s shareholders reject delisting
DFM ends Sunday’s session in red
Egypt’s parliament considers granting residence to foreigners buying property
Saudi trade surplus grows 12.3% in April – GatSat
Saudi flour mills to be privatised in Q3-19
DEWA launches bid for 5th phase of Mohammed bin Rashid Solar Park
Dutch firm seeks to acquire Arab Dairy
Dubai FDI to participate as sponsor in World Forum for FDI 2019
Saudi PIF assets doubled in 2 yrs – Crown Prince
Rove Hotels opens new branch in Dubai Parks
Elsewedy Electric inks EUR 55m deal to acquire 4 power firms in Greece
Tadawul extends closing auction session, trade for 20 minutes
CBE issues EGP 17.5bn in T-bills Sunday
EIBank appoints Bou Khouzam as interim CEO
Saudi Aramco IPO likely to be in 2020/2021 – Crown Prince
Saudi gov’t to finalise $533m privatisation deals in 2019 – Crown Prince
SABB, Alawwal Bank complete merger after expiry of creditor objection period
Emirates Investment Authority buys 10% stake in DU
ADNOC, Dutch OCI mull combining Middle Eastern fertiliser business
Jafza lures innovators with long-term visas
Bahraini economy grow 2.7% YoY in Q1
DEWA tenders 900 MWs 5th phase of AED 50bn solar park
Egypt to allocate $720m to informal settlements development
Egypt targets fuel self-sufficiency in FY22/23
Moody’s withdraws Warba Insurance’s IFS rating
Kuwait’s real estate deals generate $1.26bn in April
ADX sheds 40 pts in week
DFM gains AED 350.29bn in week
Profits of 12 EGX-listed banks reach $500m in Q1
Egypt-US trade hits $2.2bn in Q1
TASI gains 425 pts in week
Saudi Arabian oil output hits 4-year low in May
Boursa Kuwait’s indices level up in week
Bahrain Bourse’s general index rises 14.3 pts in week
QSE adds over 196 pts in week
FDI in Saudi Arabia surges 126% YoY in 2018
Dar Al Thuraya sells KWD 1.98m property
Jordan PM opens UAE-funded petroleum storage facility
Beltone Research sets Palm Hills stock’s FV at EGP 4.82
Emicool, Union Properties reach agreement on Motor City’s dispute
Egypt facilitates e-payment of gov’t services fees
Egypt to sign monorail project deal before end-June
Makkah Construction ends agreement with Millennium and Copthorne
KIPCO’s board nods to capital increase through public share sale
Kuwait ups oil production in May despite output cut policy
TASI, Nomu end Thursday in red
Alujain Corp suffers SAR 79m losses in Q1
Rubex International’s board proposes EGP 4.5m capital hike
CMA approves Burgan Bank’s $500m AT1 capital securities
AmCham Abu Dhabi’s general assembly names new board members
UAE acquires 60% of GCC foreign investments in 2018
Egypt nears completing first phase of electricity linkage project with Sudan
ADNEC obtains License for VAT waiver
UAE’s GSCCO to operate 4th port in Saudi Arabia
Boursa Kuwait closes Thursday mixed
SAMA releases 14 new fintech firms to join Sandbox
Arab Drug’s profit enlarges in 11M
Egypt’s electricity ministry improves transmission, distribution networks with $4bn
Al Rajihi Capital levels down Maaden’s TP
DFM ends Thursday in red on geopolitical tensions
Saudi Arabia to impose selective tax on soft drinks in December
Kuwait’s commerce ministry pays KWD 16m subsidies in May
Geopolitical risks drag down ADX on Thursday
CI Capital’s board decides to set up consumer durable company
Egypt’s gov’t approves handing management of Heliopolis Housing to investor
Al Enmaa Real Estate records KWD 1.4m profits in 6M