Latest news

Date Title
Boursa Kuwait down on Thursday
DFM up on Thursday; market cap gains AED 6.46bn
Investcorp takes over Germany’s Avira for $180m
GB Auto freezes CAPEX plans on COVID-19
Coronavirus cases in Kuwait up at 910
Emirates REIT sees 9.7% lower net asset value in 2019
Saudi industrial production index drops 5.7% YoY in February
MSCI postpones Kuwait’s inclusion in MSCI EM Index on COVID-19
Egypt’s annual headline inflation registers 4.6% in March
Egypt confirms 110 new coronavirus cases
Alinma Bank's EGM approves capital increase via bonus issue
Kuwait’s crude oil falls to $19.74 pb on Wednesday - KPC
M&A Brief of the Week
Julphar to extinguish accumulated losses via capital cut
Kuwait's public tender agency lifts sanctions on Combined Group
Deyaar's OGM agrees on capital reduction to AED 4.5bn
Coast Investment’s profit plunges 59% in 2019
Mezzan’s earnings down 19% in 2019; dividends proposed
Mabanee approves FY19 dividends
EFG Hermes issues EGP 2bn Sukuk for Talaat Moustafa’s unit
Tenants at Al Kout Mall, Souq Al Kout exempt from rent during lockdown
EGX ends Wednesday in green amid heavy liquidity
COVID-19 cases reach 2,659 in UAE
Egypt’s gold reserves drop to $3.518bn in March
Limak İnşaat says works at Kuwait Airport Terminal 2 in progress
Saudi Arabia reports 137 new COVID-19 cases
Egypt defers utility payments for tourism, airline companies
Egypt's ministers to take 20% salary cut for 3 months
Egypt extends curfew for 2 more weeks
Privatization Holding’s losses down 83% in 2019
ADX down on Wednesday; market cap loses AED 5.12bn
Boursa Kuwait closes Wednesday on mixed note
TASI ends Wednesday up for 7th session in row
Educational Holding posts 14% higher profit in H1-19/20
AIH’s profit rises 13% in 2019
DFM loses 18 pts on Wednesday
Al Ezz Dekheila Steel raises capital to EGP 1.95bn
Cairo Three A offers to buy Egyptian Starch & Glucose at EGP 8.5/shr
Kuwait records 112 new COVID-19 infections
flydubai uses 6 passenger aircraft for all-cargo flights
ABK sees minor impact from NMC exposure
Egypt’s FRA approves 1st Sukuk issuance on EGX at EGP 2bn
Dana Gas' sale of Egypt assets still under review
Egypt’s foreign reserves fall $5.4bn in March
Egypt reports 128 new coronavirus cases
Saudi Clay Pipes extends MoU to acquire 75% of Advanced Piping
Kuwait’s crude oil dips to $21.20 pb on Tuesday - KPC
Arabtec Holding appoints new CEO
Boursa Kuwait resumes trading on Burgan Drilling
Jiyad Holdings' profits edge down 1% in 2019
Ten reasons for confidence in Dubai’s real estate sector
Boursa Kuwait’s indices shed in week amidst geopolitical tension
TASI sinks over 51 pts in week
Egypt builds 20 desalination plants with EGP 11.13bn investments
AAIB provides EGP 200m loan to Premium International
ACWA Power to build 240MW wind power project in Azerbaijan
Egyptian gov’t allocates EGP 100m to distribute Aman certificates
Egypt’s inflation declines to 2.4% in December 2019
Egypt sells EGP 39.3bn T-bills on Thursday
TASI gains 222 pts at Thursday’s close
Egypt seals $500m deal with Emirati firm for wind power plant
World Bank expects weak economic growth for Kuwait in 3 yrs
Moody’s: 3 factors behind GCC sovereigns’ 2020 negative outlook
Samba’s board recommend SAR 0.7/shr dividends
Egypt gov’t invests EGP 5.64bn in New Minya
Egypt's petroleum ministry approves raising gratuities, loans value
Egyptian Petrochemicals targets EGP 842m investments in FY20/21
Batelco boosts global connectivity solutions via ‘Google Cloud Interconnect’
International Dry Ice’s board approves optional delisting
Egypt’s NUCA plans to pump EGP 44bn investments in 6M
Saudi economy to grow 1.9% in 2020 – World Bank
Local development fund offers EGP 15m loans to small projects
Hadisolb’s sales fall 32.3% in five months
Dana Gas’ business in Kurdistan normal – Official
Boursa Kuwait’s indices collectively rise on Thursday
Bahri expands its footprint in India
Nile City Investment posts 4.7% higher profits in 9M
M&A Brief of the Week
ADX closes Thursday up; market cap adds AED 5bn
DFM ends Thursday in green
Al Delta, Gemco sign EGP 300m contract for foundry project
MNHD logs EGP 6.3bn contractual sales in 2019
Egypt's annual core inflation falls to 6.8% in December
Securities House’s shareholders approve merger with Al Aman
World Bank expects Egyptian economy to grow 6% in FY20/21
Thomas Cook India drives 2020 visitation to Yas Island via Experience Hub’s deal
Levant, North Africa sovereigns' 2020 outlook negative – Moody’s
Clay Pipes plans to acquire 75% of Advanced Piping
International Resorts to withdraw from bourse on Thursday
Saudi Arabia to welcome US, UK, Schengen visa holders
UAE registers 6% higher operating US firms in 2 yrs
SIIG cuts capital of two jointly managed companies
Saudi Cement producers’ sales rise over 24% YoY in December
Standard & Poor's expects decline in Egypt’s debt, unemployment
El Sisi allocates plots in Giza for development projects
Startups in MENA receive $704m funding in 2019 – MAGNiTT
UAE’s ADGM inks cooperation agreement for golden visas
GB Auto’s unit concludes EGP 734m securitised bond offering
AM Best affirms ratings of Misr Insurance Holding’s units; Outlook stable
Abu Dhabi hotels host 4.7m guests in Q4-19