Latest news

Date Title
DFM levels down 48 pts in week; Banks shed over 2%
Saudi industrial production index sheds 4.5% MoM in September
Kuwaiti crude oil price rises 38 cents on Thursday
DXB welcomes 64.5m travellers in 9M/19
International Holdings completes AED 98.5m acquisition
TASI adds 54 pts in week; Market cap hits SAR 1.83trln
Bahrain Bourse loses 5 pts in week
National International records lower profit in 9M/19
Tamdeen Investment posts $1.35m profit in Q3-19
Kuwait Syrian Holding switches to loss in Q3-19
Munshaat Real Estate shifts to profit in Q3-19
Livestock Transport’s loss goes down in Q3-19
Mashaer Holding turns to profit in Q3-19
Dar Al Thuraya Real Estate’s profit grows 15% YoY in Q3-19
Ataa Educational cancels acquisition plan
TASI ends 50 pts higher on Thursday
Emaar The Economic City incurs SAR 202m losses in Q3
Sadara Chemical suffers SAR 1.5bn loss in Q3-19
Egypt plans to allocate EGP 17.5bn for Al-Warraq development
Investcorp, China Resources, Fung Investments launch food investment platform
Al Jouf Cement turns to profitability in Q3-19
KNPC awards KWD 1.9m to HEISCO’s subsidiary
Al Imtiaz subsidiary awarded KWD 3.9 million contract
Aseer deepens losses by 613% in 3M
Egypt’s foreign reserves rise $26.2bn since EGP flotation
Takween suffers SAR 29m losses in Q3
Shams trims Q3 losses by 64%
Jazadco moves to losses in Q3
Al Ezz Dekheila gets FRA’s approval on procedures to acquire ERM
Ithmaar Holding turns profitable in Q3
Saudi Aramco to supply china with 151 kbpd of crude oil in 2020
Boursa Kuwait ends week on losses
Egypt’s gold reserves grow $58m in October
Boursa Kuwait rises for 2nd day in row
ADX falls 13 pts Thursday on banks
European Investment Bank’s investments in Egypt hit EUR 8.7bn
Blue chips boost DFM at Thursday’s close
Emirates Group profits rise 8% in H1-19
Kuwait’s foreign reserves rise 6%
Kuwait Real Estate’s unit buys property in Dubai
Egypt starts gas production at Silva field
Aqar Real Estate Investments launches new subsidiary
Kuwait’s spending on foreign tourism rises 31% in H1
M&A Brief of the Week
Khaleeji Commercial Bank turns to BHB 5.4m loss in Q3
Delta Insurance posts 92.2% YoY profit hike in Q1-FY19/20
Fawry’s shareholders approve board reshuffle
HITEC Dubai to host global marketing campaign for innovative hotels
Kuwait, Switzerland ink double taxation prevention protocol
Indosuez hosts Middle East Investment Conference in Dubai
Canal Shipping’s profit jumps 117% in Q1-FY19/20 on investments
EBRD’s investments in Egypt stand at EUR 5.3bn
DGCX wins 2019 Global Investor Exchange of the Year award
China considers up to $10bn stake in Aramco’s IPO
Egypt’s economic growth seen at 5.9% in FY19/20 – EBRD
Alhokair sells its full stake in Trade Centre
Arabian Centres to issue dollar-dominated sukuk
Credit Agricole – Egypt’s 9M unaudited financials show 11% profit rise
Dubai to host Finastra Universe next week
Al Kout Industrial Q3 profits up 7%
NMC records SAR 60m profits in 9M
Kuwait National Cinema Q3 profits up 30%
UNB Egypt logs EGP 284m profit in 9M unaudited financials
Combined Group Q3 profits decline 57%
Wafrah narrows Q3 losses by 81%
Beltone’s losses rise 133% in 9M
Saudi German Hospital logs SAR 33m profits in Q3
TAQA posts AED 198 profits in 9M, cuts accumulated losses
CBE issues EGP 18.5bn T-bills on Thursday
Alandalus Property’s Q3 profit rises 15.6%
Mezzan profits rise 50% in Q3
Finance House profit rises 3.4% in 9M
First Dubai posts 87% profit decline in 9M
Kuwait’s CMA approves Sultan Center capital cut
Oula Fuel profits rise 16% in Q3
RAK Insurance reports Q3 results
Emirates Investment Bank logs AED 21.50m profits in 9M
Kuwait Real Estate profits down 18% in Q3
National Industries turns to losses in Q3
KMEFIC turns to losses in Q3
GB Auto’s unit concludes 1st EGP 425m securitised bond offering
Saudi market ends Wednesday in red
Kuwait Reinsurance profits up 5% in Q3
NCLE records SAR 50m profits in FY19
Kuwait’s remittance outflows down 3% in H1-19
Saudi Aramco joins WB’s initiative ‘Zero Routine Flaring by 2030’
EGX ends Wednesday mixed; market cap loses EGP 1.8bn
HEISCO profits grow 12% in Q3
Future Kid profits down 50% in Q3
DSI commits to completing investigation against former management
Kuwait’s balance of payments records deficit in Q2
Al Akaria’s Q3 profits fall 29%
Zain profits grow 12% in 9M
Saudi Shaker narrows losses by 86% in 3M
World Bank provides $500m to social housing project in Egypt
Boursa Kuwait indices end Wednesday in green
Vodafone acquires VIS in EGP 1bn deal
Arkan’s profits surge to AED 36m in 9M
Saudi Arabia hosts its 1st global conference on sustainable marine development
Arabnet Riyadh 2019 to feature 4 initiatives