Latest news

Date Title
TAQA concludes $3.5bn revolving credit facility
Global AI Summit in Riyadh to feature Artathon
ADDH enhances units’ artificial intelligence technologies via Group 42
Arab Dairy inks EGP 422.7m leaseback deals with CORPLEASE
Etisalat Misr plans to invest EGP 4.5bn in 2020
Kuwait announces New Year’s holiday
CBE raises debt payments-to-income ratio to 50% for personal, auto loans
Suez Canal Bank’s customers under CBE initiative indebted with EGP 500m
Saudi SMEs dominate 51% of private sector Q2 earnings
EGX ends Sunday in green after cabinet reshuffle
TDB signs $450m Mideast-focused syndicated term financing
Boursa Kuwait’s indices close Sunday mixed
Bahri, SWCC sign SAR 760m desalinated water transport deal
M&A Brief of the Week
HSBC suspends subscription to MT30 Saudi ETF units
NBE’s customers in default under CBE industrial initiative owe EGP 16bn
SIIG to distribute SAR 0.75/shr dividends
Banks issue 4m Meeza cards – CBE official
Banks stocks weigh on ADX at Sunday's close
Saudi Aramco, Korea Shipbuilding plan engine manufacturing JV
Egypt’s parliament approves cabinet reshuffle
DFM closes Sunday down; market cap sheds AED 230,000
Egypt’s ICT investments hit EGP 35bn in 2019
Egypt’s budget deficit slightly widens in Q1-19/20
Ream Real Estate’s stock back to trading on Sunday
Egypt to launch e-invoicing system by early 2020
EIPICO acquires stake in Medical Union Pharmaceuticals for EGP 210m
AWJ Investments to expand in Saudi Arabia via 5 projects
Egypt develops 231 technology centres – El-Saeed
Pakiza Abdulrahman: We encourage Egyptian startups to set up in Bahrain – Interview
Al Ezz Dekheila Steel turns to loss in 9M unaudited standalone financials
EFG Hermes, GB Auto to acquire 75% of Tokio Marine Egypt Family Takaful
Clay Pipes to distribute SAR 1/shr
Nasser Social Bank approves EGP 26.4bn budget for FY20/21
Vera Futorjanski: Startups must focus on solving local challenges – Interview
Al Maather REIT inks deal with Al Roqi Schools
National Investor’s OGM mulls AED 200m capital cut
Wafrah recommends 49% capital cut
CBE issues EGP 18.5bn T-bills on Sunday
UAE's Tabreed raises stake in Saudi Tabreed to 28%
Jazeera Airways receives new Airbus A320neo
MAG Development considers IPO on DFM
Egyptian state-owned firm inks contract with PwC for merger
GFH Properties names new CEO
Kuwait crude oil price rises 40 cents on Friday
Reportage Properties launches Rukan Lofts’ primary works
UAE hotels to see record occupancy levels on Christmas holidays
AOI inks MoU with South Korean company
Suez Canal Economic Zone pens contract with global consortium
Saudi Arabia’s non-oil exports fall 13% in Q3
Banks boost ADX in week
Banque du Caire leads consortium in EGP 2.6bn funding for MDF plant
DFM levels up by 46 pts in week
EGX30 tacks on 479 pts in week; Market cap gains EGP 15.6bn
Bahrain Bourse rises 17 pts in week
Boursa Kuwait’s indices end week in green; market cap gains 1.31%
Maersk’s Christensen named as SCCT’s board head
SACO secures SAR 100m Islamic financing from GIB
Egypt’s agricultural exports exceed 5m tonnes since January
Kuwaiti oil barrels end Thursday at $67.87 pb – KPC
Al Rajhi Capital’s REIT IPO sees SAR 117m units subscribed
CI Capital to contribute in Egyptian Commodity Exchange’s capital
Saudi Arabia records SAR 98bn trade surplus in Q3
TASI rises Thursday for 5th session despite Aramco’s decline
Nile City Investment posts 8% profit growth in 2018
Boursa Kuwait to attract $1.1bn post-MSCI upgrade foreign inflows – Beltone
Clariant to sell Masterbatches for $1.56bn
EGX30 breaks through 13,800 pts at Thursday’s close
City Edge Developments inks MoUs on services in New Alamein City
Alafco receives $670m facilities
Egypt awards car handling terminal BOT contract to int’l alliance
Boursa Kuwait closes Thursday higher on upgrade to MSCI
Ream Real Estate swings to loss in Q3-19
TAQA Arabia, ERC expected to turn Qalaa Holdings to profitability by 2020
German investments in Saudi Arabia exceed $4.6bn
Boursa Kuwait to attract $3.1bn in passive funds after MSCI upgrade – KAMCO
Saudi Arabia’s trade surplus with Japan falls to $1.5bn in November
ADX edges lower at Thursday’s close
Riyadh named Arab Digital Capital in 2020
Americana Egypt’s major shareholder submits complaint against FRA’s decision
DFM closes Thursday in red; market cap loses AED 1.3bn
BCI to distribute SAR 1/shr dividends for 2019
Abu Dhabi's non-oil foreign trade down to AED 154.4bn in 9M
Egypt allocates EGP 5bn to develop 130 villages
Noor Financial exits stake in sister firm
Investment Corporation of Dubai sees 7.7% lower revenue in H1-19
Kuwait’s VIVA rebrands to STC
Jazeera Airways celebrates 1st new route to Al Ain International Airport
Ream Real Estate in talks with Warba Bank over debt settlement
SEC signs SAR 9.6bn deals for smart electricity meters
EFG Hermes issues Egypt’s 1st short-term bond worth EGP 400m
Japan’s Toyota to manufacture 240k nat-gas minibuses in Egypt
SABB announces new board of directors
MNHD closes 1st securitised bond with CIB, EFG Hermes
Kuwait’s inclusion to diversify further MSCI Emerging Market - Lieblich
Qalaa Holdings turns to losses in 9M
Telecom Egypt aims to maintain growth in 2020
Foreign investments into Boursa Kuwait set to hit $4bn – Minister
MedGulf to reduce accumulated losses to SAR 133m
Egypt makes new oil discovery in Western Desert