Latest news

Date Title
ACWA Power pens financing documents for SAR 2bn power plant in Uzbekistan
Al Baraka Bank-Egypt provides Raya Information Technology with EGP 550m credit facilities
EGX’s indices flag in green on Monday
Tadawul shows mixed performance on Monday
ITIDA, Telecom Egypt, Nokia to expand ICT services in MEA
TAQA Arabia, Voltalia ink framework agreement for $3.4bn green ammonia in Egypt
Presight, Wand AI partner to boost AI-based tools across UAE
DFM’s benchmark gains 21 pts on Monday; ADX’s edges lower
Yahsat awards SpaceX launch of 2 new Al Yah satellites
SRMG pens SAR 240m agreement
ADNOC L&S awards up to $2.5bn shipbuilding contracts
Egypt records 1st foreign assets surplus in 28 months
CMA greenlights IPO of extra’s unit
DIFC starts construction in 113,500 square feet development
Aramco boosts gas expansion plans via $25bn project awards
RTA awards AED 431m project to develop route for Dubai Harbour
Unemployment in Saudi Arabia edges higher to 3.50% in Q1-24
Dubai unveils AED 25bn FDI incentive programme
Egypt’s external debt declines $7.43bn in Q1-24
CBE offers EGP 8bn T-bonds on Monday
Kingdom Holding announces 2 key appointments
Egyptian Emirates unveils Middle East’s 1st automotive integrated industrial city
Tadawul’s indices close Sunday in red
Tabuk Cement releases date for cash dividends
TSFE partners with Fertiglobe, Scatec, Orascom Construction for green hydrogen project
Egyptian, French, Emirati consortium to launch EUR 7bn green energy project in Hurghada
Norton Rose Fulbright advises syndicate of lenders on $1bn loan to NBE
EFG Hermes concludes advisory on EFG Corp-Solutions’ 1st short-term note issuance
Egypt secures EUR 5bn financing from EU
e& anchors SMEs growth in UAE via new partnership
Egyptian-Norwegian companies seal $890m deal to produce green ammonia in Damietta
Mile Solutions partners with Premium Shipping to boost logistics in Saudi Arabia
SCZONE, TSFE pen agreement with Volkswagen to study producing cars in Egypt
ADIB, Silent Eight forge partnership to automate financial crime screening
Saudi sukuk, debt market hits 18.3% of GDP in 2023 – Report
Elaraby Group inks MoU to produce Heller products in Egypt
Schneider Electric, Al Ahly Sabbour ink development deal
Makkah Construction and Development announces CEO resignation
DTC, Blacklane Middle East ink MoU to elevate Dubai’s luxury transportation
Egypt inks agrement with Belgium’s DEME for EUR 24bn green hydrogen project
Ajman Bank, Magnati team up to foster digital payment services
Dallah Healthcare rolls out SAR 690m project contract
Aramco eyes 10% equity ownership in HORSE Powertrain
ADCB’s Al Hilal Bank collaborates with ADX to launch service for IPOs
Saudi Ceramics’ shareholders approve 25% capital increase
Tadawul closes Thursday with varied performance
Elm Company awards Tawuniya SAR 76m health insurance agreement
EGX marks 2nd consecutive positive closure on Thursday
Newgen Software introduces personalised AI-powered platform for Middle Eastern banks
Emirates NBD endorses auto financing in UAE via exclusive partnership with CARS24
Egypt reportedly to defer planned electricity prices increase to September
DFM’s main index rises 3 pts on Thursday; ADX’s surpasses 9,000 points
ACWA Power signs SAR 12.3bn power purchase agreements; Aramco, PIF’s units included
Saudi Arabia participates in GCC-US trade, investment discussions
UK’s IHG, Arkan Palm partner to launch 1st Holiday Inn Express hotel in Egypt
AD Ports, Saif Powertec team up for projects in Bangladesh
Saudi Arabia awards mining exploration rights for 1,000 km2 area
First Mills inks SAR 150m facility deal with SIDF
SCZONE inks agreement with China’s Befar Group for major chemicals project
FRA approves ADIB Egypt, e-finance’s capital hike
Ajman Bank accepts Jaywan Cards in UAE’s ATM network
GCC asset management industry thrives amid reforms, technology adoption – Report
CBE offers EGP 60bn T-bills on Thursday
CMA greenlights Nomu listing, IPO of 2 companies
OMNIYAT targets AED 100bn real estate portfolio
Abu Dhabi to launch region's 1st Family Business Index
Reem Finance partners with Network International to fast-track digital transformation
Saudi Tadawul Group completes strategic stake acquisition in DME; rebranding unveiled for regional presence
EGX sees positive performance on Wednesday
Tadawul’s indices close Wednesday in red
Units of Aramco, Sempra execute non-binding HoA for LNG sale
Emirates NBD, Jarir Bookstores team up to enhance services
Commercial stores in Egypt to close early; positive impact on economy expected
PIF’s Saudi Global Ports, China’s Sany pen SAR 7bn agreement
UAE stock markets close Wednesday with varied performance
Egypt's Connect Money secures $8m in seed funding to expand in North Africa
Mashreq Bank expands global footprint via partnership with Oracle
UAE participates in BRICS tourism ministers' Moscow meeting
W Capital eyes AED 120bn sales in summer 2024
Budget Saudi acquires Autoworld to boost B2B portfolio
Aramco awards contract for carbon capture project
QUBE Development makes debut in UAE’s real estate market
e& Enterprise acquires Turkish cloud provider GlassHouse
2P Prefect Presentation, Pan Gulf announce capital hike
Obour Land rolls out investments, expansion plans for 2024
Leaf Global to commence trading on Nomu end-week
Chairman reduces equity ownership in Raya Holding for EGP 16m
Comfi raises $5m debt facility to fuel BNPL solution
AMOC eyes EGP 4.2bn revenues in FY24/25
Smpl Holdings launches $10m fund to back MENA’s tech startups
Etihad Cargo expands China routes
Saudi GIG unveils payment date for 2023 dividends
Egypt to dedicate $1.2bn to end power outages
Egyptian Ministry of Labour announces 30 June holiday for private sector
Canadian Medical Center boosts expansion plans via SAR 16.5m deal
Tadawul ends Tuesday with mixed performance
EGX sees positive performance on Tuesday
Japan’s SARAYA Middle East opens $12m factory in Egypt
Budget Saudi’s shareholders greenlight 10% capital raise
MIS unveils SAR 39m deal with SDAIA