Latest news

Date Title
DIB successfully closes $750m sukuk
Egypt to launch short selling mechanism early December
Sanad Aerotech inks AED 500 million deal with GE Aviation
Middle East Glass’ 9M standalone profit posts 17-fold jump
TASI closes Sunday on marginal gains
Incolease’s profit retreats to EGP 81m in 9M
Egypt forecast to keep fuel prices stable during 2020 – Beltone analyst
ADIB’s board proposes 40% higher limit on foreign ownership
CBE expected to cut interest rates by 3% in 2020
Market experts foresee success for Aramco’s IPO
USD likely to reach EGP 15.9 in H1-20 – Beltone analyst
Egypt's trade deficit narrows 26% in August
Nile Pharma's indicators show EGP 27m profit in 4M
ADX closes Sunday in red
DFM ends Sunday in green
Ismailia Misr Poultry’s profit inches down in 9M
East Delta Flour Mills approves EGP 14/shr dividends
Boursa Kuwait closes Sunday in green
Aan Digital turns profitable in Q3
Cairo Poultry denies impact from acquisition offer for Americana Egypt
M&A Brief of the Week
Egyptian Media Production City’s 9M profit edges down
Sarwa Capital profits up 11% in 9M
Hadisolb’s sales shrink 40% in Q1-19/20
Samba Capital extends working hours for Aramco’s IPO
Ezz Steel sells subsidiary to Al Ezz Dekheila Steel for $356m
Dice profits more than double in 9M
Arab Engineering Industries posts 11% profit drop in 9M
Arab Dairy’s profit retreats 22% in 9M
Saudi Aramco excludes board members from IPO eligibility
Arabia Investments Holding’s profits slide 37% in 9M
Al Ahly for Development and Investment’s profit inches down in 9M
Talaat Moustafa Group’s profit grows 10% in 9M
Abo Moati Bookstores agrees SAR 50m Islamic finance
Arabian Cement’s profit sinks 85% in 9M
SPM obtains SAR 52m government subsidy
KIB posts 9% profit decline in Q3
B Investments Holdings’ profit edges down in 9M
Aramex expands delivery options via Aramex Spot in KSA, UAE
Naeem Holding swings to losses in 9M
Kafalah, BIAC collaborate in funding tech startups
Al-Kathiri Holding board plans capital hike
Eastern Co logs EGP 1.05bn profit in Q1-19/20
Porto Group Holding’s profit dips 21% in 9M
Palm Hills’ profit falls 15% in 9M on lower revenue
Bonyan REIT holders to receive SAR 0.37/unit dividends
CBE issues EGP 19bn T-bills on Sunday
IFA sees KWD 2m profits in Q3; losses narrow in 9M
Aramco launches IPO today at SAR 30-32/shr
Arabtec 9M financials show AED 380m loss
Union Properties incurs AED 163.9m in 9M
United Arab Bank records AED 63m loss in 9M
NBK Egypt contributes 3rd of group’s profit from int’l units
KIB hires new deputy general manager for wholesale banking
Abu Dhabi’s ruler merges urban planning, transport departments
French company to launch missile engineering centre in UAE
Kuwait crude oil settles at $63.96 pb on Friday
Careem to operate 3,500 bicycles at 350 smart docking stations in Dubai
Kuwait increases oil output in October
Sub-Saharan economies’ GDP may hit $2.4trln in 2023
Abu Dhabi receives 1.3m hotel guests in Q3-19
ADX gains 6 pts in week; Market cap reaches AED 523.8bn
DFM rises 13.4 pts in week
Al Midan reports 15% YoY lower profit in Q2-19/20
IFA Hotels registers KWD 4.5m profit in Q3-19
Burgan Drilling’s profit decreases 84.6% YoY in Q2-19/20
China-Kuwait trade hits $18.7bn in 2018
EGX’s indices sink in November 2nd week
TASI tacks on 126 pts in week
Shell hires Citibank for $1bn sale of assets in Egypt
Egypt’s unemployment rises 0.3% QoQ in Q3-19
Egypt targets EGP 8.27 trln GDP in FY21/22
Boursa Kuwait’s indices end week in mixed note
Bahrain Bourse loses 13.4 pts in week
Julphar’s loss surges 163.5% YoY in Q3-19
Development and Engineering Consultants’ unconsolidated profit soars in 9M/19
EG Bank’s consolidated profit rises 10% YoY in 9M/19
Minapharm Pharmaceuticals posts EGP 28m standalone profit in 9M/19
CBE lowers interest rates for fourth time in 2019
Shuaa Capital posts AED 29m consolidates profit in Q3-19
CBE to launch $600m export credit risk guarantee company
EIPICO’s sales soar 18% YoY in 9M/19
Egypt Kuwait Holding’s profit hikes 14% YoY in 9M/19
Al Baraka Bank – Egypt reports 37% YoY profit hike in 9M/19
Baazeem Trading’s profit goes down 42.1% YoY in Q3-19
United Arab Bank inks deal with UK’s Finastra on digital transformation
Sinai Cement’s standalone loss swells 30% in 9M
SIIG to shut down Saudi Chevron Phillips for maintenance
Incolease’s 9M unaudited financials post EGP 87m profit
Shorouk Printing’s profits surge 197% in 9M
Elsewedy Electric Co’s unit inks EGP 995m deal with EETC
Egyptians for Housing posts 77.3% YoY hike in consolidated profit Q3-19
Misr Beni Suef Cement profits down 72% in 9M
TASI closes Thursday on marginal decline
Jiyad Holding’s profit levels down 58% YoY in Q3-19
Unipack’s profit retreats 20% in 9M
Aramco to build 30 academies in KSA by 2030
Delta Construction’s profit leaps 97% in 9M
Lecico Egypt sees 700% higher losses in 9M
GEMMA’s profit climbs 118% in 9M unaudited financials