Latest news

Date Title
Egypt Kuwait Holding logs $218m consolidated net profit in 2023
Kinan delays IPO for trading on Nomu
TMG Holding partners with ADQ, Modon Properties to develop $24bn Ras El-Hekma project
SNB to pay SAR 5.4bn cash dividends for H2-23
Saudi Steel Pipe logs SAR 217m profits in 2023
Banque du Caire anchors MSMEs in Egypt via $50m financing
Al Rajhi Bank’s board eyes SAR 4.6bn dividends for H2-23
CBE auctions T-bills worth EGP 62bn on Sunday
Abu Dhabi-based ADQ to invest $35bn in Egypt’s Ras El-Hekma
Hail Cement sees 50% higher profits in 2023; dividends for Q4 unveiled
Saudi market cap skyrockets 450% as stated at 3rd Saudi Capital Market Forum
Saudi Tadawul Group gears up to take SCMF abroad
Muqassa, Instimatch Global pen MoU to launch Repo trading platform in Saudi Arabia
Tadawul boosts sustainability initiatives through agreement with SALIC
Digital DEWA's Moro Hub, Siemens to foster technology services
EGX indices end higher on Thursday; market cap approaches EGP 3trn
du partners with Huawei to boost network speeds
Dubai Chamber of Commerce attracts 67,222 new members in 2023
UAE stock markets close Thursday in red
Kima’s profits fall 15% in H1-23/24
Flydubai posts AED 2.1bn total profit in 2023; passengers surge 31% YoY
Emirates NBD to disburse AED 7.5bn cash dividends for 2023
Waja rolls out SAR 98m agreement
Kuwait’s Gulf Bank inaugurates 1st eco-friendly branch
Mubadala joins global consortium to increase stake in US’ Truist Insurance Holdings
Oman’s Rakiza acquires 40% stake of Saudi Tihama Power
Saudis’ appetite for spending soars 46% ahead of Ramadan 2024 – Report
Emirates NBD-Egypt inks EGP 400m with ADIB’s leasing arm
NMC pens SAR 132m purchase deal
Raoom announces dividends for Q4-23
CBE issues EGP 70bn T-bills on Thursday
Saudi Arabia’s IPOs average $450m on NTP – anb Capital CEO
Saudi Arabia aims for 70% non-cash payments by end 2025 - CitiGroup
Tadawul sees over 120 listings in 3 years – Al Rumaih
SCMF 2024 marks launch of Single Stock Options contracts on SNB
Saudi Arabia could form majority of region’s MSCI EM – Goldman Sachs at Saudi Capital Market Forum
SAMA works on netting regulations, market framework
Saudi Arabia is ahead of investment targets, country’s GDP surpasses SAR 4trn – Al Falih
Saudi Arabia’s IPO pipeline soars 30% in one year - ElKuwaiz
Saudi Capital Market Forum committed to fostering market diversification – Al Athel
Cenomi Retail names Acting CEO
Qassim Cement’s net profit rises 9% YoY in 2023
nybl, Basserah merge to boost AI industry worldwide
Egyptian Exchange maintains varied performance through Wednesday
DAL Developments to open 1st project in Egypt early March
TASI closes Wednesday up; NomuC down
Tadawul to close on Saudi Founding Day
UAE’s edtech Thiqa Tutoring raises $300,000 investment
DFM, ADX close Wednesday with collective decline
Beltone Holding signs agreement to facilitate expansion in Africa
e& unveils AED 3.4bn cash dividends for H2-23
South Korea’s digitalization firm H2O opens regional headquarters in Abu Dhabi
Dubai Refreshments’ board nods to regular, special dividends
Thoub Al Aseel to pay SAR 40m dividends for H2-23
Banan’s net profit inches higher 2% YoY in 2023
SPIMACO confirms Jerome Cabannes as CEO
National Investment Bank lowers stake in Misr Beni Suef for EGP 504.5m
Alexandria Container unveils dates for disbursement of USD/EGP dividends
Almodawat to commence trading on Nomu next week
SNB completes offering $850m USD-denominated Sukuk
Dragon Oil plans to invest $500m in Egypt during 2024
Saudi-Egyptian alliance inks development agreement for $1bn projects
Mobily’s consolidated net profit leaps 35% YoY in 2023
EBE to secure $25m loan from EBRD for SMEs
Egypt Aluminum, Scatec ink agreement to build 1 GW solar power plant
Dubai Municipality, Majid Al Futtaim to boost sustainable food supply chain
EGX’s indices show mixed performance on Tuesday
Tadawul closes Tuesday in green; TASI edges higher by 12 pts
Balady Poultry rolls out agreement with China-based Famsun
UAE stock markets show mixed performance on Tuesday
ADIB launches new payment hub to facilitate cross-border transactions
Saudi PIF acquires majority stake in Zamil Offshore
Nahr Elkhair to initiate subsidiary listing procedures in March
Nasr Company for Civil Works’ consortium signs EUR 46m agreement with Uganda
United Cooperative appoints new Chairman, Vice Chairman
GameCentric raises $1.5m to fuel expansion in MENA
Iron and Steel for Mines and Quarries expects EGP 448m net profit in FY24/25
National Gypsum anticipates 11% higher costs following Aramco's increase in fuel prices
UAE-based The Cloud secures $12m Series B funding
Banque Misr backs SMEs industry in Egypt via $30m financing
stc unveils 9% higher profits in 2023, special dividends
Italian MAPEI Group acquires 100% in Saudi waterproofing producer Bitumat
Tadawul's indices end Monday with varied performance
EGX flags in green on Monday
EMPC’s consolidated profits jump 77% in 2023
Emaar Alex, SIA Business Development ink EGP 4bn agreement for La Baia project
Zahraa Maadi unveils EGP 324m profits in 2023, dividends
CIB obtains FRA’s nod for capital hike
UAE stock markets close Monday with varied note
Gulf Navigation’s profits surge to AED 24m in 2023
Spinalex achieves nearly EGP 74m profits in H1-23/24
ASCOM’s OGM nods to cutting issued capital by EGP 50m
Al Baraka Bank-Egypt records EGP 2.2bn consolidated profit in 2023; dividends proposed
Al Firdous Holding’s losses shrink in 9M-23/24
AD Ports sees 13% lower profits in 2023
SNB plans to offer USD-denominated Sukuk to local, int’l investors
GFH hires SNB Capital to manage cross-listing on Tadawul
CBE offers EGP 4bn debt instruments on Monday
Yansab registers SAR 4.5bn revenues in 2023, turns to losses
Al Ramz’s net profits exceed AED 39.5m in 2023