Latest news

Date Title
CMA approves Saudi Enaya’s capital reduction
Emaar Properties’ shareholders approve Dubai Creek Harbour takeover, sale of Namshi
EGX closes Wednesday in red zone
Yahsat announces over AED 196.5m dividends for H1-22
Retal seals SAR 864m sub-development agreement
Al Sagr Cooperative to provide health insurance services to Maharah
Shareholder ups stake in Naeem Holding
Shareholder buys 4m shares in Lift Slab Misr
TASI closes Wednesday down; NomuC up
SPIMACO pens SAR 135m deal with MSD
Elm to pay 20% of capital as dividends for H1-22
Heliopolis Company targets to invest EGP 297m in H2-22
UAE stock markets close Wednesday’s trading session lower
HoldiPharma targets EGP 7.5bn revenues in FY22/23
Egypt-EU bilateral trade rises to $29.6bn in 2021
Egypt’s banks log EGP 56.86bn profits in H1-22 – CBE
Expedition Investments acquires 93.01m of Domty’s issued shares
Eastern Company’s annual profits drop to EGP 4.03bn
FRA approves launching fund to invest in Egyptian shares
Eastern Company raises prices of Pall Mall, Viceroy cigarettes brands
ICID to sell land plot for EGP 4.39m
Red Sea International’s accumulated losses drop to 20% of capital
Sustainable Capital Africa Alpha Fund raises stake in Orascom Construction
Egypt’s NREA reports EGP 2.64bn revenues in FY21/22
Saudi holdings of US treasuries in July mark highest level in 10 months
Tawuniya to sign health insurance contract with stc
Tadawul closes Tuesday’s session on varied note
EGX’s indices end Tuesday’s trading session up
Aramco CEO calls for credible global energy transition plan
Sumou Real Estate unveils SAR 403m development project
Petromin Corporation’s unit acquires India's SpareIt
UAE stock markets close Tuesday’s session in green
Mubadala Energy confirms new gas discovery in Malaysia
Saudi Azm wins SAR 14m operation project
DEWA, Desolenator partner to build carbon-neutral water purification, desalination system
CMA nods to Alhokair Group’s 51.5% capital cut
Shareholder ups stake in Ceramica Remas for EGP 6m
Al Sagr Cooperative Insurance, Gulf Union mull merger
Elsewedy Electric’s unit inks EGP 418m contract with EIPICO
Feriglobe records block trading deal of AED 371m
Lift Slab Misr uses EGP 71m of capital hike proceeds
Saudi APICO announces final price for Nomu listing
SATORP announces Al Suwailem as President, CEO
IHC to acquire 15% stake in Burjeel Holdings
A total of 5.3m tonnes of crude oil refined by Alexandria Petroleum in FY21/22
Amreya Petroleum refines over 3.6m tonnes of crude oil in FY21/22
EGX’s indices end Monday’s trading session in green
TASI, NomuC close Monday in red zone
ADNOC Drilling sees AED 114m block trading deal
UAE stock markets end Monday’s session down
Al Sagr Cooperative Insurance appoints new Chairman, Vice Chairman
Jazadco names Al Resheid as new CEO
CBE offers two-type T-bonds at EGP 11.5bn on Monday
Sustainable Blue Economy Office opens in Umm Al Quwain
MNHD to execute EGP 1.5bn construction works for Al-Hazek Construction
Egypt’s talks for new loan from IMF progressing
Teneo opens additional new office in Abu Dhabi’s ADGM
Lebanon has $1.2bn worth of investments in Egypt – Minister
Egypt announces new railway factory with EUR 8m investment
SNB raises SAR 3.3bn in Additional Tier 1 Sukuk offering
Walaa Cooperative Insurance’s EGM approves capital hike to merge with SABB Takaful
Almarai completes redemption of SAR 1.6bn Sukuk – Series V
EGX closes Sunday with negative performance
Al Rajhi Bank ups stake in Alrajhi Takaful
Watani Iron Steel renews, amends SAR 60m loan deal
Tadawul ends Sunday’s trading session down
ARIA Commodities to invest AED 154m in Hamriyah Free Zone
Egypt’s sovereign wealth fund inks deals for EGP 25bn projects in 2021
Union Insurance’s accumulated losses hit over 35.5% of capital
Agthia’s shareholders nod to AED 65m dividends for H1-22
CBE offers EGP 23bn T-bills on Sunday
HD Bank to inaugurate new branch in New Alamein
Arabian Drilling announces intention to list on Tadawul’s main market
Emaar Misr’s board nods to credit facility deals for Soul project
Egyptian Modern Education mulls setting up university in New Capital
Al Baraka Bank denies potential takeover of First Investment
Thimar’s board amends capital raise proposal to SAR 200m
SABB sells certain business lines from HSBC Saudi Arabia to Alawwal for SAR 1.20bn
GCC asset managers forecast surge in AUM on higher oil prices – Moody's
UAE’s real GDP growth likely to hit 6%-7% in 2022 – Moody's
M&A Brief of the Week
Tabreed expands business in Egypt with EGP 1.6bn medical investment
France’s Schneider Electric inaugurates new regional HQ in Egypt
Saudi ACWA Power sells $130m stake in Uzbekistan facility to China's Silk Road Fund
EGX’s indices record collective decline on Thursday
CMA approves Saudi Paper’s capital hike request
Saudi Cable’s accumulated losses shrink to SAR 60m
ADIB sees AED 416m block trading deal
TASI closes Thursday down; NomuC up
Jack Uppal named as President of General Motors Africa & Mideast operations
Arab merchandise trade surpasses $2trn in 2021
CBE auctions EGP 30bn T-bills on Thursday
UAE stock markets end Thursday in positive performance
Saudi Airlines Catering renews deal with Flynas at SAR 240m
Inery acquires $128m investment from Metavest
Egypt offers private sector investment opportunities in gov’t hospitals
Rowad Tourism raises stake in Lecico Egypt for EGP 2m
Ekuity increases stake in Rameda for EGP 159m
Target for Real Estate Investment cuts stake in Real Estate Egyptian
Saudi Arabia dominates Forbes Middle East’s 2022 asset managers list