Latest news

Date Title
Kafr El-Sheikh collects EGP 521m in reconciliation fees for building violations
Tahya Misr Fund provides women with EGP 300.8m micro-financing
Ataa Educational profit down 63% in 6M
MIS extends loan deal worth SAR 100m with Bank Albilad
TASI rises 1.18% on Sunday; turnover at SAR 14.78bn
Suez Port collects EGP 2.85bn customs, taxes in February
Eastern Cement reports 19.9% higher earnings in 2020; dividends proposed
CI Capital's board votes against Banque Misr's acquisition offer
Saudi Arabia rolls out vocational test programme
DP World, CDPQ pen port, logistics park agreement with Indonesia's Maspion
Saudi female business leaders poised for growth, finds KPMG survey
UAE stock markets close Sunday in red zone
Egypt’s net international reserves rise to $40.2bn in February
Raya Contact Center's profit slides 68% in 2020; board proposes dividend suspension
Saudi banks’ assets surge to SAR 2.77tn in 2020
UAE reports 2,613 new COVID-19 cases
Al Barakah Dates expands to become world's largest dates factory
Emaar Misr for Development's profit inches down in 2020
UAE's first independent digital banking platform launches
Forbes Middle East unveils “Top CEOs in the Middle East” ranking
Ceramica Remas proposes cash dividends worth EGP 27m
NUCA approves FY21/22 budget at EGP 140bn
Dubai Chamber registers 16,614 new member companies in 2020
Advanced Petrochemical suspends operations at 2 plants
HDB's board proposes bonus issue worth EGP 126.5m
NCB to redeem SAR 2.7bn Tier 1 Sukuk
Emicool completes phase one of District Cooling Plant at Expo 2020
Egypt's exports of building materials down to $450m in January
MedGulf annual profits jump 186.3%
Watania reports 40% higher profits in 2020; lower accumulated losses
CBE offers EGP 19bn T-bills on Sunday
Saudi Ground Services incurs SAR 454.3m losses in 2020
Emirates Refreshments incurs AED 11m accumulated losses
Halwani Bros. profits soar to SAR 100.8m in 2020
Tabuk Cement annual profits surge 113.2%
Damac's board nods to raise ownership in Damac International
Bawan Company to pay SAR 36m in H2-20 dividends
Shuaa Capital's board approves to sell 28m treasury shares
Fitaihi Holding swings to profits in 2020; mulls capital cut
Egypt to invest EGP 68bn in canal rehabilitation
EGX ends Thursday in red on Arab, foreign selloffs
ADNOC, GS Energy to cooperate in growing Abu Dhabi’s hydrogen economy
Hassan Allam Holding's consortium wins bid to operate Grand Egyptian Museum
SPARK, AMCO pen deal to build new facility with SAR 260m investment
Mardev Developments plans EGP 400m investments in New Administrative Capital in 2021
Egypt cuts fuel subsidies by 45% in H1-20/21
ADIB's board proposes cash dividends for 2020
UAE stocks close Thursday in red
Egypt inks EUR 109m deal with AfDB to finance sanitation services in Luxor
Bazeem profits rise 27% in 2020; plans 17.5% dividends
Southern Province Cement posts 31.5% growth in annual profit
Bawan reports 238.6% rise in 2020 profits
Egypt plans more than 2,000 development projects in Upper Egypt in FY20/21
ANB board recommends SAR 600m dividends
M&A Brief of the Week
Egypt partners with Belgium's DEME to begin studies for green hydrogen project
Egypt starts COVID-19 vaccination for elderly, people with chronic diseases on Thursday
Heliopolis Housing seeks bidders for Heliopark development project
Sipchem plans early redemption of SAR 1bn Sukuk
Jadwa REIT buys Boulevard Riyadh for SAR 320m
Monshaat launches SME Bank to boost sector growth, fill financing gap
Alandalus Property's profit sinks 78% in 2020; dividends proposed
Anghami to be first Arab tech startup to list on Nasdaq
Trading halted on CI Capita's stock until FRA reviews FV study
Amlak International's profit surges 41% in 2020
Egypt inks deal with Samsung to build $30m tablet factory in Beni Suef
IKEA opens second branch in Egypt
ADNOC to erase destination restrictions for all crude oil grades
Egypt plans to launch all energy projects via auction scheme
UAE’s PMI declines in February signaling modest growth: IHS Markit
Jadwa REIT Saudi Fund seeks to raise assets by SAR 370m
GoDaddy to participate in SHE CAN 2021
Tatweer Misr launches EGP 7bn project in North Coast
Southern Province Cement proposes SAR 2.5/shr dividend for H2-20
Saudi Al Alamiya plans no dividends for 2020
TASI grows 0.67% at Wednesday’s close
Egypt imposes anti-dumping duty on tyre imports from China, India
Hyundai Heavy, Saudi Aramco cooperate on hydrogen project
Egypt inks deal with French firm to operate new electric train
Saudi Arabia to provide Covid-19 vaccines in community pharmacies for free
Telecom Egypt to launch Hybrid African Ring Path by 2023
S&P launches ratings for Saudi local currency debt
Consumer spending in Saudi Arabia at SAR 89.24bn in January
Sidpec mulls offer to transfer polypropylene licence to RSNCRP
GUPCO plans to raise daily output to 70k barrels
Talaat Moustafa Group's profit down 11% in 2020 initial results; dividends proposed
Tabreed plans $400m energy investment platform in Singapore
Emaar Properties, Emaar Malls planning merger
Egypt's non-oil private sector declines at softer pace in February
DFM executes DXB Entertainments’s capital hike
Saudi PIF likely to close its biggest-ever loan deal this week
Social Housing and Mortgage Finance Fund approves FY21/22 budget at EGP 42bn
DFM lists Chimera S&P UAE UCITS ETF
Orascom Construction to build Magdi Yacoub Global Heart Centre
Business conditions in Saudi Arabia improve more slowly in February
About 400 companies use Egypt's e-invoicing system
Sharjah appoints banks for dual-tranche bonds
Mubadala hires banks to manage EUR bonds issuance
Al-Rajhi Takaful posts 131.3% profit hike in 2020
Alhokair, ACC to acquire 51% stake in UK's Vogacloset