Latest news

Date Title
NBE injects EGP 17.7bn retail loans in H1-19/20
TAQA receives offer to acquire ADPower’s majority assets
Jazan reveals SAR 5.32bn developmental projects
Informal Settlements Development Fund sets EGP 10.8bn budget for 2020
Inflation in KSA expected at 1.7% in 2020 - Jadwa
Egypt’s Suez Canal revenues hit $497m in January
Kuwaiti indices down on Monday amid fears over Coronavirus
Egypt pens agreements to settle overdue export subsidies with 31 companies
Kuwait’s budget deficit seen at 8% of GDP in FY19/20 - NBK
MIT Arab Startup Competition to hold bootcamp in Thuwal
Egypt’s non-oil imports fall $1.2bn in December 2019
Egypt to ink joint electricity grid deal with Saudi Arabia in May
No cases of coronavirus in Saudi Arabia – Ministry
Railway Forum discusses Saudi projects, new technologies
Oman Insurance to raise stake in Dubai Starr Sigorta
Egypt-Morocco bilateral trade hits $681m in 2019
Egypt’s iron, cement exports slide 41% in 2019
CBE to activate mortgage initiative in March – Sources
Americana, Cairo Poultry approve bid for stake in Egyptian Starch & Glucose
Egypt C. bank offers EGP 7bn T-bonds on Monday
Maven Developments launches EGP 4bn project in Ain Sokhna
Al Ahsa Development shareholders approve capital hike
SACO Hardware inaugurates new store in Riyadh
CBE sells EGP 10.7bn T-bills
Al Rajhi Bank plans 15% dividends for H2-19
ABK inks deal to acquire British bank
Kuwait Business Town buys land at KWD 19m
UAE provides $2bn to Mauritania’s investment projects
US brands lead Dubai’s trademark files in 2019
EGX ends Sunday in red; market cap loses EGP 2.04bn
Samba Group profits rise 30% in 2019
Nozha International Hospital proposes EGP 0.60/shr dividend for 2019
European Union grants Egypt EUR 27m to combat illegal immigration
Accor partners with Dubai Developments to operate landmark hotels
Tadawul down by more than 1% at Sunday’s close
EFIC sees 36.3% higher profits in 2019 initial results
UNB Egypt’s profit jumps 59% in 2019 unaudited financials
Sultan Center opens flagship store in Al Kout Mall
Eastern Co sells land plot for EGP EGP 51.7m
Kamco seals KWD 5m loan deal with local bank
Savings in KSA down 2.4% in 9M
Egypt’s sovereign fund to ink deal with NSPO
Boursa Kuwait closes Sunday lower
ADX down on Sunday; market cap declines to AED 533.54bn
stc pay gets SAMA’s fintech license as e-wallet
KFH partners with LinkedIn to bolster online presence
East Delta Mills’ profit down 24% in H1-19/20 unaudited financials
DFM keeps negative performance on Sunday for 2nd session in row
Cairo Three A offers to buy Cairo Poultry’s stake in Egyptian Starch & Glucose
Misr Life Insurance launches new pension product for NBE’s customers
Saudi Arabia, Kuwait to resume production in Khafji
Alexandria Pharmaceuticals records EGP 85m profit in 6M
KCPC offers lowest bids in KWD 4.4m Housing Welfare tender
Tadawul upholds Go trading suspension
Middle Egypt Mills posts 11% profit drop in H1-19/20
NBE’s retail loans hit EGP 92bn in 7 months
Al Aman Investment’s stock to delist from Boursa Kuwait on merger
Faisal Islamic Bank proposes EGP 565m dividend for 2019
Alexandria Medical Services’ profit edges up in 2019; dividends proposed
Hail Cement turns profitable in 2019
Qassim Cement profits triple in 2019
M&A Brief of the Week
Upper Egypt Flour Mills’ H1-19/20 indicators show 20% drop in standalone profit
UAE’s Corys Investments, GF form JV for Egyptian market
Alinma net profits down 11% in 2019
Americana Egypt gets offer to sell stake in Egyptian Starch & Glucose
eXtra opens largest VR gaming hub in Saudi Arabia
CBE offers EGP 14.5bn T-bills on Sunday
Abyaar to delist from Boursa Kuwait in July 2020
Egypt's bourse launches EGX70 EWI
Arabian Pipes awarded SAR 160m Aramco deal
Amwal International’s unit sells stake in UAE firm for KWD 1.9m
Saudi gov’t enters into SAR 1.6bn facility agreement for water projects
Kuwait crude oil price rises 44 cents pb on Friday
Saudi consumer spending exceeds SAR 1trn in 2019
Dubai Tourism signs MoU with Dubai Land Department
DP World inks MoUs with Chinese company, Dubai South
Bahrain Bourse rises 3% in January 2020
DFM tacks on 25 pts in January; Market cap hits AED 382.5bn
AfDB invests $6.76bn in Egypt
Egyptian gov’t pays EGP 94bn to pension funds
Vodafone deal may have no impact on Telecom Egypt’s operations
ADX gains over 80 pts in January on FAB
EGX indices' performance mixed in January 2020
Banks drag down ADX in week
DFM loses more than 47 pts in week
EGX’s indices rise in week; Market cap gains EGP 10.8bn
TASI falls over 142 pts in January; Market cap drops
Boursa Kuwait’s indices go up in January 2020
Investment boosts Bahrain Bourse in week
Sukari gold production grows 2% YoY in 2019
Kuwait crude oil price levels down by $1.76 pb on Thursday
Saudi int’l reserves record three-year high in 2019
Local deposits in Egyptian banks record EGP 2.95trn in December
Egyptian banks’ foreign deposits shrink 9% YoY in December
Egypt’s domestic liquidity grows to EGP 4.11trn in December
Al-Ahly Exchange receives EGP 12.5bn in foreign currency
Abu Dhabi’s hotels generate AED 1.84bn revenue in Q4-19
USAID grants $125m to Egypt in 2020
United Arab Stevedoring’s loss deepens in H1-19/20