Latest news

Date Title
Maaden turns to losses in 2019
Kuwait still clean of coronavirus – Ministry of Health
Madbouly issues decree licensing Egyptian Commodity Exchange
Canadians invest $1.75bn in 559 Egyptian companies
Maaden’s board proposes non-distribution of dividends for 2019
EgyptAir suspends routes to China
CMA approves Saudi Fisheries capital hike
Saudi Chemical appoints new CEO
EGX’s indices end higher Thursday; Turnover hits EGP 2.12bn
TASI up 0.75% at Thursday’s close
Alkhabeer REIT to distribute SAR 0.2/unit
Fitaihi Holding completes SAR 1.45m sale to IMC
Moody’s assigns ‘A2’ IFS rating to Oman Insurance; outlook ‘Stable’
Boursa Kuwait falls on Thursday amid profit taking
Future Investment Initiative reveals date for 2020 edition
ADX maintains downward performance on Thursday
Saudi banks increase investments in gov’t bonds
Egypt attracts $8.5bn FDI in 2019
DFM down on Thursday; market cap falls AED 1.32bn
Saudi mortgage loans value rises 168% in 2019
Arab Drug’s net profits up 104% YoY in H1-19/20
Holding Co. for Pharmaceuticals turns profitable in FY18/19
Aramco lowers propane, butane prices for February
Egypt allocates EGP 5bn to develop 500 villages in FY19/20
DP World to host Breakbulk Middle East for second year in row
General Company for Silos’ indicators show EGP 49m profit in H1-19/20
Merger deal creates SAR 500m fish farming company
Heliopolis Housing’s profit leaps 623% in H1-19/20 on land sale
NEOM signs deal for innovative water desalination project
Al Mazaya suffers KWD 8.8m losses in 2019
Egypt’s trade deficit narrows 25% in November 2019
Aslak appoints financial advisor for capital cut
Orascom Development Egypt names new chairman
Qassim Cement announces SAR 1.1/shr dividends for Q4-19
Egypt Aluminum swings to losses in H1-19/20 unaudited financials
CBE offers EGP 20.5bn T-bills on Thursday
Jarir Marketing’s 2019 profit rises to SAR 985m on smartphone sales
Etihad Rail launches Package A of UAE railway network’s 2nd phase
Bahri’s net profit grows 29% YoY in 2019
Saudi Paper reschedules SAR 160m loan with Riyad Bank
GO’s loss surges 30% YoY in 9M-19/20
Consortium wins contract for Egypt 1st dry port
First phase of Egypt’s New Administrative Capital attracts EGP 300bn investments
Egypt’s food exports register $3.4bn in 2019
Ora Developers to launch EGP 100bn project in New Cairo
Amadeus and Seera renew partnership in tech innovation
Saudi POS sales rise 23% in 2019
ADIB allocates AED 320m financing to clients in UK
Savola turns profitable in 2019; plans SAR 0.3/shr dividends
Telecom Egypt mulls alternatives for investments in Vodafone Egypt
Egyptian expats’ remittances go up $1bn in 4M
EGX’s indices close higher on Wednesday
Lift Slab granted contract for EGP 100m project in Damietta
Vodafone’s business presence in Egypt unchanged on stc deal
Tadawul recovers some losses; closes Wednesday in green
Amlak Finance completes AED 158m project in Dubai
AfDB approves $22m loan to Corplease
Qurain Petrochemical’s profit slid to KWD 14.3m in 9M-19
CI Capital plans two IPOs; raises assets to EGP 9.2bn
Boursa Kuwait up on Wednesday; turnover tops KWD 58m
ADX closes Wednesday lower; market cap loses AED 1.08bn
DFM up on Wednesday; market cap rises to AED 383.84bn
Saudi FDI in Egypt down 43% in 3M
Investments in GCC healthcare sector seen strong on $70bn estimated market value
UAE banks raise investments in bonds to AED 246bn in December
No extra costs on e-payments for gov’t services – Minister
NBK unveils 1st contactless payment solution in Kuwait
EFG Hermes closes UBL acquisition deal in Tanzania
SABIC profits fall to SAR 5.6bn in 2019
Egypt ministry to issue decrees for new cities’ projects
NCB reports 18.8% higher annual profits for 2019
UAE reports first coronavirus case in Middle East
Saudi Electricity profits down 19.5% in 2019
Nozha International Hospital’s net profits jump 40% in 2019
Kuwait’s CMA nods to Abyaar’s withdrawal from Boursa Kuwait
ENBD REIT’s posts $246m NAV in Q3-19
Kuwait oil crude down to $60.15 pb on Tuesday – KPC
stc signs MoU to acquire Vodafone Egypt for $2.4bn
United Real Estate names new CEO
United Real Estate’s unit inks KWD 43m loan deal
Egyptian-Tunisian trade grows by $100m in 2019
Uber Egypt considers incorporating taxis in its services
Raya Holding receives 24 acquisition offers for subsidiary
Egypt to build 3,000 fast charging stations in three years
Saudi general reserve levels down by 4% YoY in 2019
Expats’ remittances in Saudi Arabia shrink to SAR 125.53bn in 2019
Air Liquide Arabia to supply hydrogen to Saudi Aramco
Egypt’s annual tourism revenue may reach $30bn in five years
CI Ratings affirms EBE’s ratings; Outlook stable
Emirati Bee’ah wins waste management contract in Egypt’s new capital
World Bank Group launches initiative for SMEs in MENA
Polaris group targets EGP 2.4bn investments for project in Egypt
KFH’s provisions rise to KWD 647.6m in 2019
UAE, Kuwait sign MoU to promote aviation
Phase III of Cairo Metro’s 3rd line costs EGP 97bn – Minister
GO appoints financial advisor for capital cut
Tabreed plans to enter new markets in Middle East – CEO
KFH targets KWD 100m exits in 2020 - CEO
SAMA launches Investment Immersion Program
DIFC creates new digital platform for facilitating businesses