Latest news

Date Title
Qlub fuels global expansion plans via $30m funding co-led by e&
Abu Dhabi Airports receives 15.8m passengers in H1-25
Middle East Glass Manufacturing to establish representative office in Dubai
Al Rajhi Bank unveils 32.5% higher profits in H1-25; financing agreement secured
Prices of investment funds including certificates in EGP, USD
SNB logs SAR 12.1bn profits in H1-25, inks financing deal with solutions
Air Arabia joins consortium to build national low-cost airline in Dammam
Network International enters into strategic partnership with Wio Bank to endorse SME merchants
AIIB endorses regional ties as Kuwait becomes a member
FAB-owned Lime enters Egypt’s fintech ecosystem with $9.4m initial investment
Al Baraka Bank-Egypt unveils $100m deals with ICIEC
Aldrees records 25% profit growth in H1-25 amid higher revenue
Prices of investment funds including certificates in EGP, USD – Update
Elsewedy, regional Johnson Controls–Hitachi win contract for Egypt’s high-speed rail megaproject
UK-headquartered Addleshaw Goddard advises on $190m investment in Egypt’s Alameda
Emirates returns to Syrian capital as part of Middle East destinations
Binghatti expands globally, launches 1st international sales boutique
Prices of investment funds including certificates in EGP, USD – Update
Alkhabeer Capital unveils partnership with $5bn global asset manager to unlock Saudi fintech private credit
Yanbu Cement to pay SAR 0.5/shr dividends for H1-25
Deliverect accelerates investment to drive MENA growth, hits 1bn global orders
PALM raises 7-figure funding led by 4DX Ventures to revolutionize savings
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