Latest news

Date Title
Jazeera Airways resumes direct flights to Saudi destination
Prices of investment funds including certificates in EGP, USD – Update, new funds added
Ayyan Investment witnesses turn to profitability in H1, Q2-25
Advanced Petrochemical shifts to profitability in H1-25; net profit leaps 95% in Q2
IHC rebrands eFunder as Zelo upon acquisition; platform targets $250bn SME credit gap in MENA
Prices of investment funds including certificates in EGP, USD – Update
Mira Developments launches MENA-focused real estate company via $3m investments
El Ebour expands business in UAE via new branch
Schneider Electric fuels regional expansion through Lauritz Knudsen in Saudi Arabia
Sukna launches MENA’s 1st open-ended, Sharia-compliant direct financing fund
ACWA Power inks SAR 31.1bn agreements for solar plants in Saudi Arabia
Gulf Navigation raises $136m from MCB offering
Jarir Bookstores sees 6% higher net profits in H1-25
CBE offers T-bonds worth EGP 17.5bn, floating-rate note on Monday
Prices of investment funds including certificates in EGP, USD
Network International, Magnati to expand business in MEA following merger
Rameda unveils capital hike to EGP 500m
Huawei launches 1st experience store in Egypt
Valu receives regulatory nod to launch BNPL services in Jordan
Almoosa Health inks SAR 192m deal with MASAH Specialized Contracting
Space42’s board greenlights $695.5m financing deal
Prices of investment funds including certificates in EGP, USD
CBE offers EGP 67bn T-bills on Sunday
ADNOC Gas seals $400m LNG supply deal with Germany’s SEFE
Kazakhstan collaborates with Presight to launch 1st national supercomputer
BlueFive Capital expands in GCC via oversubscribed round, launches $2bn equity fund
QNB posts EGP 15.1bn consolidated profits in H1-25
du, Omantel activate Oman Emirates Gateway to foster joint connectivity
Masdar joins Iberdrola for EUR 5.2bn wind farm project in UK
Saudi German Hospital operates 21 additional clinics in Dammam
SABIC explores plans for subsidiary GAS’ IPO
Saudi Jahez fuels regional expansion via 76.5% stake acquisition in Snoonu
CBE unveils EGP 80bn T-bills end-week
Egypt’s Nawy acquires Dubai-based SmartCrowd to enter into GCC proptech market
WSM rolls out SAR 500m agreement with Saudi gov’t
Umm Al Qura pens SAR 253m sale deal for Masar Destination project
Huspy secures $59m funding to scale regional presence
NWC to implement 38 water, sanitation projects for SAR 2bn
UK’s LemFi launches payment solutions in Egypt
Dar Al Arkan unveils 2 key appointments
Al Seer Marine expands portfolio via AED 760m facility from ADCB
Prices of investment funds including certificates in EGP, USD
Alpaca, Kuwait-based ZAD boost Shariah-compliant investments globally
ASCOM swings to losses in 2024; consolidated revenues hit EGP 3.2bn
MENA-focused Mashreq Bank backs AGSI’s green steel via AED 126m
DIB closes $1bn syndicated term-finance facility for Pakistan
BioSapien extends pre-Series A funding round to $8m
eXtra posts 10.5% higher revenues in H1-25; profits near SAR 228m
Rekaz closes $5m seed to expand AI-driven tools in GCC region
icogz raises $1.4m pre-seed funding to expand business in MENA, Asia
Egypt’s net international reserves hit $48.7bn in June
TMG Holding records EGP 211bn in new sales during H1-25
Qalaa Holdings’ revenues leap 53% in 2024
Ladun’s subsidiary pens SAR 90.5m deal for Abha Walk project
Dubai Land Department, Crypto.com partner to boost digital real estate, Blockchain integration
ADIB allocates AED 17.3bn for sustainable finance in 2024
Contact Creditech, Kashier team up to expand BNPL services in Egypt
Nayifat Finance rolls out 5-year strategy to drive sustainable growth
AD Ports, Ningbo Zhoushan Port to establish auto logistics ecosystem
Modon Holding generates AED 5.5bn sales from Wadeem project within 72 hours
Juhayna partners with Saudi Al Rashed Distribution to expand business
EFG Hermes advises on $190m investment in Alameda to fuel regional expansion
MESC Cable names new Chairman, Vice Chairman
CBE auctions EGP 75bn in debt instruments
Egypt-BRICS trade exchange hits $50.8bn in 2024
Nadec’s unit launches SAR 2bn livestock project to boost local meat production
Knowledge Economic City inks over SAR 399m development, leasing deal
SISCO Holding’s CEO Suleimani resigns
UAE non-oil sector grows steadily during June; PMI records 54.5
Beltone Holding launches MENA-focused unit Robin to boost AI growth
Egypt's PMI drops in June due to deterioration in non-oil business
Prices of investment funds including certificates in EGP, USD
Taaleem Holdings generates higher profits in 9M-24/25; revenues up 18.5%
Almarai sees 5% higher profits in H1-25; sales exceed SAR 11bn
CBE auctions EGP 106bn T-bills, T-bonds on Sunday
Saudi Arabia’s PMI up to 57.2 in June; non-oil sector hits 3-month high
Al Jouf Cement, Riyadh Development announce key appointments
Nasdaq-listed DeFi Technologies launches UAE office to expand into MENA
Flawless closes $1.5m pre-seed funding to expand business
ADGM-based Ruya Partners secures $55m for fiber production plant in Saudi Arabia
Burjeel Holdings take over PhysioTrio Physiotherapy Center in Riyadh
BII signs $300m deals to accelerate Egypt’s green projects
Ninja closes $250m funding, plans IPO on Tadawul by 2027
Oriental Weavers launches world’s 1st phygital carpet retail store in Egypt
Etihad Airways expands global network with 3 new destinations
PetroApp closes $50m fund round to accelerate global expansion; IPO plans unveiled
Cityscape Global 2025 to launch in Riyadh in November
Saudi PIF tops GCC funds on Global SWF assessment
KAPSARC launches 1st brand refresh since 2016
Arabian Drilling unveils 4-rig contract extensions with Aramco for SAR 1.3bn
Crédit Agricole Egypt Foundation drives sustainable development via new brand identity
Riyad Bank’s Riyad Capital moves forward with IPO plan
Prices of investment funds including certificates in EGP, USD
WSM secures SAR 5m facility from Emirates NBD
Modon Holding launches Wadeem residential project on Hudayriyat Island
Jamjoom Pharma appoints new Chairman, Vice Chairman
CMA greenlights Nomu listing, IPOs of 3 companies
Aldar acquires ALMARKAZ logistics assets from Waha Capital for AED 530m
Ericsson launches new regional HQ in Riyadh
Umm Al Qura signs tripartite deal for SAR 1.4bn real estate fund