Latest news

Date Title
Palm Hills pens co-development deal of Ain Sokhna project at EGP 3.5bn
Wataniya Insurance turns to loss in Q1 on high expenses
Sharjah Cement turns to losses in Q1-20
CBE offers EGP 7bn T-bonds on Monday
Walaa Cooperative swings to loss in Q1-20
GCC asset managers show resilience despite COVID-19, oil prices – Moody's
Dubai Duty Free partially resumes operations
Saudi Enaya narrows losses by 41% in Q1-20
ANB to sign SAR 40m insurance deal with Walaa Cooperative
Saudi Arabia reports 3,045 coronavirus cases Sunday
Saudi-GCC trade down 14% in Q1-20
PepsiCo aims to invest $100m in Egypt in 2020
Saudi Arabia records SAR 73.74bn trade surplus in Q1-20
EGX gains EGP 17.3bn in market cap at Sunday's close
Boursa Kuwait closes Sunday in green
Egypt’s foreign reserves down to $36bn in May – CBE
UAE banks net foreign assets up to AED 79.8bn in 4M
EGP slides to lowest level against USD since October 2019
Tadawul returns to gains on Sunday
EMPC’s profit inches up in Q1 unaudited financials
UAE announces 540 new COVID-19 cases
Saudi Chemical Q1 profits down 3.4%
ADX records over 4,000 pts on Sunday
Emirates, Etihad to extend salary cuts for 3M
Kuwait reports 717 new COVID-19 cases
Egypt’s communications, immigration ministries to cooperate in digital transformation
DFM up on Sunday; market cap records AED 300.42bn
Egyptian Resorts reconsiders 321-unit project on COVID-19
Al Ezz Dekheila Steel's loss balloons to EGP 280m in Q1-20
Egypt allocates EGP 2.9bn to development programmes in Qena, Sohag
Red Sea Int’l losses up 39% in Q1-20
ADGM, ADEX to cooperate in supporting UAE exports
EBRD approves $100m loan to NBK Egypt
Dubai records AED 20bn real estate transactions in Q1-20
Oriental Weavers Carpet’s profit falls 10% in Q1-20
National Gypsum turns profitable in Q1-20
Reportage Properties' projects on progress despite COVID-19
Al Ezz Dekheila Steel swings to loss in 2019
CBE offers EGP 13.5bn T-bills on Sunday
Dar Al Takaful enters AED 215m acquisition agreement
OPEC+ prolongs oil output cuts for another month
Takaful Emarat logs AED 2m net losses in Q1-20
Saudi Arabia reports 1,975 coronavirus cases on Thursday
EGX30 ends Thursday at highest level since mid-March
Fitch sees Egypt as MENA's largest construction market by 2029 – Cabinet
EGX approves Nozha International Hospital’s capital raise
Tadawul maintains downward streak for third day
UAE's coronavirus cases exceed 37,000
Kuwait's oil exports slump to KWD 3.61bn in Q1-20
Dice sees EGP 18.4m block-trading deal
Abu Dhabi's import unit value index declines to 138% in Q1-20
Bab Al-Azab project attracts EGP 2bn from sovereign fund, investors
Egypt’s non-oil imports down 21% in 4M – CAPMAS
ADX gains AED 1.81bn on Thursday
DFM exceeds 2,000 pts at Thursday's close
Boursa Kuwait closes Thursday on gains
HDB temporarily closes Zamalek branch after COVID-19 case
SIDC turns to losses in Q1-20
Sisi approves Kuwaiti loan to finance Tunnel-Sharm El-Sheikh Road
GASCO posts SAR 33.44m in Q1-20 profit
Wizz Air to have 100 aircraft serving GCC by 2035
Egyptian gov’t investments stand at EGP 113bn in 9M
MedGulf to offset SAR 120m accumulated losses
KSA’s grant of $200m finances 2,176 Egyptian businesses so far
Etihad Airways to link 20 cities via Abu Dhabi from 10 June
M&A Brief of the Week
Yanbu Cement approves 12.5% dividends for H2-19
Egypt reports growth in several sectors in Q3-19/20 despite COVID-19
AXA Cooperative Insurance sees 32% higher profits in Q1-20
Orascom Development inks third school deal for O West
Amazon's PAYFORT to support SMEs in Saudi Arabia, UAE, Egypt
Commercial Facilities’ shareholders approve 18 fils/shr dividend for 2019
NCB launches SAR-denominated Tier 1 Sukuk
CBE offers EGP 14bn T-bills on Thursday
Dubai Investments' OGM approves 10% dividends for 2019
UAE to resume international flight operations across airports
Kuwait National Cinema’s board cuts 2019 dividends
RiseUp invites Egyptian startups to participate in $1.5m competition
Egypt upgrades electricity distribution networks in Aswan at EGP 500m
Egypt cancels EGP 5.3bn in natgas debt owed by factories
Tadawul closes Wednesday in red for second day in row
Jahez platform raises SAR 137m in Series A Funding
Egypt’s local-currency deposits hit a record EGP 3.1trn in April
EGX ends Wednesday in green amid heavy liquidity
Saudi PMI posts 48.1 in May – HIS Markit
Siemens Energy to power Cairo Metro Line 3 extension project
Saudi Arabia confirms 2,171 new COVID-19 cases
Egypt’s non-oil private activity sees softer downturn in May
Air Arabia to cut more jobs amid COVID-19
Tamdeen Real Estate’s board halves 2019 dividends
Boursa Kuwait falls at Wednesday's close
ADX up on Wednesday; market cap reaches AED 481.78bn
DFM gains 15 pts on Wednesday
Kuwait confirms 710 more coronavirus cases, 1,469 recoveries
Kamco Invest approves 2019 dividends
UAE PMI sees fourth contraction in row - IHS Markit
Kuwait Real Estate approves 2019 bonus shares
Nile Cotton Ginning reaches settlement deal with state-run HCCD
SEC, KAUST team up to reduce non-technical power losses
Al Ahleia Insurance to distribute 2019 dividends next week