Latest news

Date Title
Moody’s places ‘Aa3’ rating for NBK’s long-term IDR
Keypoint Trust continues to raise stake in GFH
Orascom Development, Cairo Investment to develop 2 new schools at EGP 450m
Mouwasat’s profit up 17% in 2019
Amer Group’s unit seeks to obtain 40-feddan land in Minya
Tourah Cement swings to loss in 2019 amid falling demand
Boubyan Bank’s shareholders nod to KWD 26m cash dividends
Suez Cement incurs EGP 1.18bn loss in 2019
ADX maintains negative performance on Sunday
EGX ends Sunday down; market cap loses EGP 17.4bn
DFM retreats on Sunday; market cap records AED 331bn
TASI posts largest drop since 2008 global financial crisis at Sunday’s close
Boubyan Petrochemical records gains from Al Borg settlement
Kuwait reports 2 new coronavirus cases, including Egyptian expat
Egypt sets up sludge digestion plant at EGP 2bn in Alexandria
Development and Engineering Consultants proposes capital raise
Saudi banks’ net foreign assets down 51% YoY in January
Kuwait C. bank sets up KWD 10m fund to combat coronavirus
Agthia’s board recommends 15% cash dividends
Egypt Post’s deposits, current accounts hit EGP 132.3bn in FY18/19
Boursa Kuwait down on Sunday amid high turnover
Development and Engineering Consultants posts 86% profit drop in 2019
Egypt partners with Saudi AlSharif to renovate Shepheard Hotel
Al Ahly Sabbour Development, NUCA to build EGP 5bn residential project
Aramco cuts April crude oil prices as OPEC-Russia talks collapse
Kuwait's non-oil exports fall 29% in February
Saudi ACWA Power inks 3 energy agreements with Uzbekistan
Egypt builds 10 water projects at EGP 1.3bn in Dakahlia
Kuwait suspends flights with 7 countries; Egypt included
Heliopolis Housing sells 3 land plots for EGP 122m
Tatweer wins tender to save 900m kWh in Abu Dhabi
Speed Medical gets FRA’s approval to raise capital to EGP 222m
Kuwait confirms new coronavirus case; toll rises to 62
Kuwait denies 'Kuwaiti women dies of coronavirus' rumour
Giza General Contracting’s profit down 15% in 2019 on higher revenue costs
Saudi Chemical’s unit begins construction on SAR 1bn military plant
Saudi Vitrified Clay sees 100% higher net profits in 2019
S&P maintains KIPCO’s ratings, outlook
eXtra proposes 20% capital raise, dividends for H2-19
Schüco agrees with SAIF Zone to rent warehouses
CBE offers EGP 14.5bn T-bills on Sunday
Aayan Real Estate’s profit down 64% in 2019; bonus proposed
ADDED issues 18,628 new economic licences in 2019
Noor Financial’s profit slides 67% in 2019; dividends proposed
Saudi Arabia reports two COVID-19 cases
ADEX supports UAE exports with AED 550m
Coronavirus cases in Qatar reach 12
Kuwait announces 3 COVID-19 cases, travel restrictions
UAE reports 15 coronavirus cases, two recoveries
NBK approves distribution of dividends, bonus shares
KSA introduces coronavirus-free PCR certificates for entry
Burgan Bank plans 12 fils/shr dividends
Egypt set to build food processing plant at EGP 680m
Bahrain Bourse ends week in red
Saudi banks’ assets rise SAR 261.5bn in 2019
Egypt confirms 12 new COVID-19 cases
Kuwait’s crude oil down to $52.08 pb on Thursday
ADX slides 5% in week
Kuwait cancels coronavirus-free proof for travellers from 10 countries
Coronavirus fears weigh on DFM in week; market cap loses AED 13bn
TASI sinks 161 pts in week; market cap shrinks SAR 107bn
Saudi Arabia names new economy minister
Saudi Arabia reports first recovery from coronavirus
Egypt allocates EGP 8.5bn to build 13 industrial complexes for SMEs
Petrochem profits down 42% in 2019; plans 5% dividends
Egypt Gas gets FRA's approval to double its capital
Southern Cement plans SAR 2.25/shr dividends
GO narrows accumulated losses to SAR 77m
Yanbu Cement plans SAR 1.25/shr dividends
Egypt reopens Djoser Pyramid after being renovated at EGP 104m
Tadawul closes Thursday down 57pts
Kuwait announces first COVID-19 recovery
EGP returns to upward trend against USD on Thursday
Siemens inks 10-year agreement to establish operations in Dubai
Boursa Kuwait’s indices fall in week amid coronavirus concerns
NUPCO launches new brand
Saudi Arabia announces 3 new COVID-19 cases
MSME finances in Saudi Arabia grow 8% in 2019 - SAMA
Egypt’s top 20 industrial exports hit $1.2bn in January
Mindware signs agreement to market Microsoft’s OEM products
Al Madar plans to raise stake in Dar Al Thuraya
Egypt reports 3rd coronavirus case
Egypt’s new tax dispute resolution law cuts late payment fines
ADX closes on negative note for second session in row
DFM down on Thursday's close; market cap nears AED 351.6bn
M&A Brief of the Week
Sharqiyah Water inks deal to build EGP 242.5m wastewater plant
Kuwaiti indices slump on Thursday amid thin trade
CBI’s shareholders to mull raising capital to AED 2.2 billion
Yanbu Cement annual profits up 183% in 2019
Egypt’s non-oil imports down to $4.4bn in January
Egypt Gas annual profit more than quadruple in 2019
World’s largest gold reserve holder voices interest in Egypt’s gold tender
Al Imtiaz Investment’s unit wins KWD 10m tender
MNHD, MINKA agree EGP 1.15bn land sale
Marseilia partners with Namaa to build residential project in Dakahlia
MedGulf turns to profitability in 2019
Maridive takes full ownership of Valentine Maritime
Kuwait’s oil down 85 cents on Wednesday – KPC
Kuwait records 2 new coronavirus cases; toll rises to 58