Insider Trading Executions: Trading Session 17/12/2025
Company Name: International company For Medical Industries -ICMI

Position: insider
Transaction: buy
Number of Shares: 5000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Heibco for commercial investments & real estate development

Position: related parties for insider
Transaction: sell
Number of Shares: 80000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Digitize for Investment And Technology

Position: insider
Transaction: sell
Number of Shares: 170000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: S.A.E Contact Financial Holding
Position: insider
Transaction: sell
Number of Shares: 105000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Nozha International Hospital
Position: Major Shareholder
Transaction: sell
Number of Shares: 9500

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Pyramisa Hotels
Position: related parties for insider
Transaction: buy
Number of Shares: 2345

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Egyptian Arabian (cmar) Securities Brokerage and Bonds EAC
Position: related parties for insider
Transaction: buy
Number of Shares: 75000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Egyptian Arabian (cmar) Securities Brokerage and Bonds EAC
Position: related parties for insider
Transaction: sell
Number of Shares: 25000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Mena Touristic & Real Estate Investment
Position: Major Shareholder
Transaction: sell
Number of Shares: 110000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Mena Touristic & Real Estate Investment
Position: related parties for insider
Transaction: buy
Number of Shares: 50000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Gulf Canadian Real Estate Investment Co

Position: related parties for insider
Transaction: sell
Number of Shares: 1400000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Gulf Canadian Real Estate Investment Co

Position: insider
Transaction: sell
Number of Shares: 200000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Commercial International Bank- Egypt (CIB)

Position: insider
Transaction: sell
Number of Shares: 4000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Commercial International Bank- Egypt (CIB)

Position: related parties for insider
Transaction: buy
Number of Shares: 651

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Commercial International Bank- Egypt (CIB)

Position: insider
Transaction: buy
Number of Shares: 670

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Commercial International Bank- Egypt (CIB)

Position: insider
Transaction: sell
Number of Shares: 4000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Commercial International Bank- Egypt (CIB)

Position: insider
Transaction: buy
Number of Shares: 3459

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Gadwa For Industrial Development
Position: related parties for insider
Transaction:sell
Number of Shares: 15750000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Arabian Cement Company
Position: related parties for insider
Transaction: sell
Number of Shares: 14557

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Alexandria Pharmaceuticals
Position: related parties for insider
Transaction: buy
Number of Shares: 509

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Industrial & Engineering Enterprises Co
Position: related parties for insider
Transaction: buy
Number of Shares: 700000

Insider Trading Executions: Trading Session 17/12/2025
Company Name: Atlas for Investment & Food Industries
Position: insider
Transaction: buy
Number of Shares: 16

Insider Trading Executions: Trading Session 17/12/2025
Company Name: International Agricultural Products
Position: related parties for insider
Transaction: sell
Number of Shares: 273163

Tadawul -


Element List Explanation
Announcement Detail Saudi Ceramic Company announces today, Thursday, 18/12/2025 (corresponding to 27/06/1447 AH), the opening of a new showroom in the city of Al-Hofuf to sell the company’s main products, including ceramic and porcelain tiles, sanitary ware, and water heaters. This brings the total number of the company’s retail showrooms in the Kingdom of Saudi Arabia to (66) showrooms.
This opening comes as part of the Company’s expansion plans in the retail sector to strengthen its presence and make its products more accessible to customers. The showrooms feature the latest Company products, showcased in modern facilities with advanced display methods designed to meet customer preferences and align with current market trends.

The financial impact of these openings is expected to appear starting from the first quarter of 2026.

Tadawul-

Element List Explanation
Introduction Middle East Financial Investment Company (MEFIC Capital) announces a change in the membership of the Board of Directors of MEFIC REIT due to appointment of board member
Element List Explanation
Reason of Change Appointment
Member Name Yosef Ibrahim ALshaer
Membership Classification Non-independent
Effective Date 2025-12-18 Corresponding to 1447-06-27
Element List Explanation
Reason of Change Appointment
Member Name Nezar Hassan Al sayed
Membership Classification Independent
Effective Date 2025-12-18 Corresponding to 1447-06-27
Element List Explanation
Members of the Fund Board after the Change • Mr. Yosef Ibrahim Al shaer – Chairman – Non independent.
• Mr. Bader Ibrahim Al sawilem – independent.

• Mr. Nezar Hassan Al sayed - independent

Tadawul -


Element List Explanation
Introduction The Board of Directors Approved, by circulation, on 11/12/2025G to appoint Mr. Omar Alhakam AlSaffaf as a Non-Executive Board for the remainder of the current board of directors’ term ending on 25/11/2027G.
Element List Explanation
Appointed Member Name Mr. Omar Alhakam AlSaffaf
Membership Type Non- Executive
Membership Start Date 2025-12-18 Corresponding to 1447-06-27
Brief Resume of the Appointed Member Mr. Omar Alhakam AlSaffaf holds a bachelor’s degree in Public Administration from American University of Beirut. He has over 20 years of experience, during which he held numerous leadership positions in the banking sector, and he is currently the Chief Retail Banking Officer in Riyad Bank.
The date of the approval by other official authorities The Insurance Authority’s non-objection was obtained today 18/12/2025G.
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2025-12-11 Corresponding to 1447-06-20
Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

Tadawul -


Element List Explanation
Description of the Event After reviewing the recommendations of the Fund Manager of Alkhabeer Growth and Income traded fund (the “Fund”), and taking into consideration the achievement of the best interests of all Unitholders and to maintain their rights, including adherence to the applicable regulatory time periods, the Fund’s Board of Directors has approved the adoption of the Fund Manager’s recommendation to delist the Fund as a closed-ended traded fund and convert it into an open-ended public fund. This resolution is subject to obtaining the approval of the Capital Market Authority, followed by the approval of the Fund’s Unitholders.
The Impact Caused by the Event Subject to obtaining all required regulatory approvals, this procedure will enable all Unitholders who wish to redeem and/or subscribe in the Fund at net asset value (NAV) per unit.

Tadawul -


Announcement by Shatirah House Restaurant Co. “BURGERIZZR” Regarding an Investor Conference Call to Present the Company’s Strategy for 2025–2030

Tadawul -


Element List Explanation
Transaction Details Purchase of several plots of land (a commercial block) with a total area of 15,293.41 square meters in Riyadh City on King Salman Road, at a price of SAR 25,000 per square meter in Al Qirawan District, for the development of several mixed-use towers in accordance with the Salmani Code, with a net value of SAR 382,335,250 (excluding Real Estate Transaction Tax), and without any preferential conditions.
Transaction Amount 382,335,250 (SAR)
Transaction Conditions Not applicable
Parties of the Transaction Buyer: AlRamz Real Estate Company.
Seller: Sarah bint Mousa bin Hamad Al-Mousa.

Transaction Financing Method This transaction will be financed through the banking facilities granted to the Company, the Company’s financial resources, in addition to a portion of the offering proceeds.
Date of Entering Into The Transaction 2025-12-18 Corresponding to 1447-06-27
Description of Activity of The Asset Subject of The Transaction Developing mixed-use towers with an architectural design inspired by the Salmani Code, within fully integrated urban environments.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Not applicable
Transaction reasons This transaction was undertaken based on an investment vision aimed at developing mixed-use towers in a Strategic location in Riyadh, creating a distinctive urban and investment landmark.
Expected Impact of the Transaction on the Company and Its Operations This transaction is expected to contribute to enhancing the Company’s financial performance during the years 2026, 2027, 2028, and 2029.
Related Parties None
Additional Information None

Address: Valmore Investment Holding (VLMRA.CA, VLMR.CA) - Company Statement
Company Name: Valmore Investment Holding
ISSN: EGS69081C023, EGS69082C013
Reuters Code: VLMRA.CA, VLMR.CA
Announcement Content:
Company Statement Regarding Treasury Share Transactions on December 18, 2025, on the Kuwait Stock Exchange

ahram.


Egypt aims to cut its public and external debt burden and reduce the debt-to-GDP ratio to 40 percent or below by the end of the 2025–26 fiscal year, Prime Minister Mostafa Madbouly said on Wednesday.

Speaking after the cabinet’s weekly meeting, Madbouly said Egypt’s external debt-to-GDP ratio currently stands at 44 percent, which he described as within the internationally accepted “safe range” of 40–45 percent. He said the government is seeking to bring the ratio down through tighter fiscal discipline and the use of debt-for-investment and debt-for-development swaps.

Madbouly said the government is also focusing on boosting non-oil exports to support foreign-currency inflows and reduce pressure on public finances. He urged export councils to prepare plans to raise non-oil exports by 15 to 20 percent annually through 2030, as part of a strategy to double total exports.

Non-oil exports reached about $40 billion in 2024, he said, adding that overall exports are expected to grow by around 20 percent in 2025 to between $48 billion and $50 billion. He linked the push to recent economic indicators, including Egypt recording its lowest trade deficit in a decade.
The prime minister also outlined plans to increase “real estate exports”—the sale of property to foreign buyers in hard currency—as part of efforts to stabilise foreign-exchange inflows. Speaking at a separate meeting with the Urban Development and Real Estate Export Committee, Madbouly said new incentives are being prepared to attract foreign buyers and prevent future currency shortages.

According to a cabinet statement, the government plans to expand the Official Egyptian Real Estate Platform to include new cities, allowing foreign investors to purchase verified properties digitally. Madbouly said Egypt is also working to improve its global standing in the real estate market through incentives and the rollout of a Unified National Real Estate Identification law, expected to take effect this year.

The law aims to create a nationwide digital property registry, improve transparency, facilitate tax collection, and curb illegal construction, in a move intended to reassure foreign investors.

Egypt has faced a persistent dollar shortage since the Russia-Ukraine war broke out in 2022, which disrupted capital inflows and tourism revenues. The crisis prompted Cairo to sign a $3 billion agreement with the International Monetary Fund (IMF) that year and later publish a “Strategic Directions for the Egyptian Economy” document allowing foreigners to buy property in exchange for residency.

Foreign-currency inflows matched expenditures in March 2025 for the first time in years, helped by rising reserves and a $35 billion investment deal with the UAE for the Ras El-Hekma coastal development. Officials say this has eased pressure on the pound, though challenges remain in moving from balance to surplus.

Egypt’s real estate exports totalled about $550 million in January 2025, giving the country a 1.8 percent share of the global market. Madbouly described the figure as low compared with regional peers and said greater efforts were needed to attract foreign buyers.

By October, Egypt had drawn $1.4 billion in global private capital into real estate and ranked as the Middle East and North Africa’s third-largest construction hub after Saudi Arabia and the UAE.

Committee members at the meeting pointed to rapid growth in the construction sector, rising demand for raw materials and qualified contractors, and increasing interest from foreign markets in Egyptian construction firms. Discussions also covered draft regulations aimed at protecting serious developers while tightening oversight of speculative or non-compliant actors.

ahram-


The Bank of England cut its key interest rate to 3.75 percent on Thursday after UK inflation eased faster than expected and as the economy weakens.









"We've passed the recent peak in inflation, and it has continued to fall, so we have cut interest rates," BoE governor Andrew Bailey said.



The widely expected quarter-point reduction followed a regular policy meeting and came ahead of the European Central Bank's rate decision Thursday.



Expectations for the reduction were cemented by official data on Wednesday showing Britain's annual inflation rate had slowed more than expected to 3.2 percent in November.



Analysts forecast the BoE to cut borrowing costs further next year with UK inflation set to move closer to the central bank's two-percent target.



Thursday's decision marks the sixth reduction since the BoE began a trimming cycle in August 2024, one month after Britain's Labour Party won a general election.



In a close result, policymakers, including Bailey, voted 5-4 for a cut on Thursday. Four members of the Monetary Policy Committee voted to hold borrowing costs at 4.0 percent.



"We still think rates are on a gradual path downward," Bailey said.



"But with every cut we make, how much further we go becomes a closer call."



The central bank last cut its key interest rate in August amid concerns over the impact of US tariffs on the UK economy.



Sluggish economy



A cut to interest rates eases pressure on Prime Minister Keir Starmer, who has struggled to revive Britain's sluggish economy since Labour came to power in July 2024.



"Inflation is coming down and looks to be supportive to future rate cuts," said Lindsay James, investment strategist at Quilter.



"With economic growth also in the doldrums, and showing no sign of improvement in 2026, there will be a huge amount of pressure on the Bank of England to help stimulate some sort of economic activity," she added.



Finance minister Rachel Reeves welcomed the rate cut but acknowledged in a statement that "there's more to do to help families with the cost of living".



Reeves raised taxes on businesses in her inaugural budget last year, a decision widely blamed for causing weak UK economic growth and rising unemployment.



She returned in her November budget with fresh tax hikes to bring down government debt, this time hitting workers.



While a cut to the interest rate can help individuals and businesses taking out loans, it reduces returns on savings deposited in banks.



Britain's retail banks tend to mirror changes to the BoE's monetary policy on their accounts, including for mortgages.



Elsewhere, the ECB is set to hold interest rates steady on Thursday for a fourth meeting in a row as eurozone inflation remains in check.



With the hold likely a done deal, investors will be paying close attention to ECB President Christine Lagarde's press conference for any hints on the path forward after Governing Council members gave conflicting signals.



Friday will likely see the Bank of Japan hike its key rate to a 30-year high as the country's inflation stays high, and after BoJ governor Kazuo Ueda said the impact of US tariffs was less than feared.

ahram-


Egypt’s Cabinet Media Centre dismissed on Thursday claims that the state had given land in the Ain Sokhna area to Qatar’s Al Mana Group without securing financial or investment returns, describing the allegations as false and misleading.

In a statement published on its official platforms, the centre said the land allocated to Al Mana Group’s sustainable aviation fuel project falls under a usufruct arrangement within the Suez Canal Economic Zone (SCZone).

It also stressed that ownership of the land remains with the Egyptian state and is fully subject to national sovereignty.

The General Authority of Suez Canal Economic Zone said all land and facilities within the zone are state-owned.

It added that the Ain Sokhna project was granted under a uniform right-of-use system applied to all investment contracts in the zone, without any waiver of ownership.

It clarified that the reported $200 million figure represents the project’s investment costs, not a payment for land rights.

According to the authority, the project is expected to generate multiple direct and indirect returns for the state. Direct revenues include land usufruct fees, trading fees at Ain Sokhna Port, and various administrative charges.

Indirect benefits include mobilizing Egyptian construction and operating companies, purchasing locally sourced raw materials, and creating thousands of direct jobs for Egyptian workers.

The statement noted that any tax or customs exemptions associated with the project fall under the investment incentives stipulated by law for special economic zones. It clarified that such exemptions are applied generally and cannot be granted or withdrawn for individual investors outside the legal framework.

It explained that Al Mana Group’s agreement with Shell to supply the project’s output was concluded before the project contract in the economic zone, based on financial feasibility studies to secure marketing channels and ensure a return on investment.

The authority said the selection of the SCZone for the project was driven by the integration of its industrial areas with Ain Sokhna Port, which reduced production and transport costs by bringing manufacturing sites closer to target markets.

Ain Sokhna Port, which holds the Guinness World Records title for the deepest man-made port basin, serves as a key gateway to the Red Sea and Africa and is now fully equipped to handle vessels of various sizes and cargo capacities following recent development works.

The authority urged citizens not to be drawn into what it described as false information aimed at undermining major investment projects in Egypt.

On Monday, the SCZone signed its first Qatari industrial investment agreement with Al Mana Group, a $200 million deal that marks a milestone in foreign investment within the zone.

Under the agreement, Al Mana Group will establish the first Qatari-owned factory in the SCZone, specializing in the production of sustainable aviation fuel, biopropane, and biophenanthrene, using recycled cooking oils.

Al Mana Group (Saleh Al Hamad Al Mana Group of Companies) is one of Qatar’s largest and most diversified business conglomerates.

Founded in the 1950s, the group represents major international brands and operates across sectors, including automotive, retail, real estate, food and beverage, IT, construction, and investments, playing a significant role in Qatar’s economic development.

Company Name : Misr Cement (Qena)
ISIN Code : EGS3C391C017
Reuters Code : MCQE.CA
Content :
With reference to what was published under the title "Egypt Cement Qena plans to enter European and American markets by 2027," a clarifying statement was issued by the company.

Release from the Company (135 KB)

(BNA):

Bahrain All Share Index has closed at 2,072.03 points, marking an increase of 13.97 points above the previous closing.



This increase was due to a rise in the financial sector, the industrial sector and the material sector.



Bahrain Islamic Index has closed at 1,028.40 points, marking an increase of 15.32 points above the previous closing.



Results indicated that 150 equity transactions took place with a volume of 5,423,626 worth BD 1,846,805.



Investors traded mainly in the financial sector, representing 55.45% of the total value of securities traded.

Company Name : Extracted Oils
ISIN Code : EGS38251C012
Currency : EGP
F/S Period : From 01/07/2025 To 30/09/2025
Net Profit : 14,470 Value In Thousand
F/S Period: From 01/07/2024 To 30/09/2024
Net Comparative Loss : 10,109 Value In Thousand
Audit Status : Reviewed
Source : Extracted Oils

Company Name : Extracted Oils
ISIN Code : EGS38251C012
Currency : EGP
F/S Period : From 01/07/2025 To 30/09/2025
Net Profit : 14,470 Value In Thousand
F/S Period: From 01/07/2024 To 30/09/2024
Net Comparative Loss : 10,109 Value In Thousand
Audit Status : Reviewed
Source : Extracted Oils

The Financial Statements (4,528 KB)

According to the letter received from the MCDR on 2025/12/17 by the periodical partial redemption (installment no. 8) for the listed bonds of EFG Securitization The First Issuance - Fourth Program Tranche E June 2029 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 60,716,499.99 distributed over 837,135 bonds at a par value of EGP 72.52892. These modifications will be applied to EGX database effective 21/12/2025 trading session. This bond tranche has been locally rated by MERIS as (A)، at a fixed annual Return rate of 13.40% to be paid after 4 months for the first coupon then will be paid every 3 months then will be paid monthly starting from the 14th month.
ISIN Code: EGB694K1S182

(ONA) -


The Oman-India Business Forum, convened at Al Bustan Palace Hotel today, focused on reviewing promising investment opportunities within the Sultanate of Oman and forging a stronger economic partnership with the Republic of India. The forum served to elevate bilateral ties to new heights and establish innovative channels for collaboration between the public and private sectors in both nations.

The event was organized by the Oman Chamber of Commerce and Industry (OCCI) in cooperation with the Ministry of Commerce, Industry and Investment Promotion, on the occasion of the visit to Oman by Narendra Modi, Prime Minister of the Republic of India.


In his address, the Indian Prime Minister affirmed the shared commitment of both countries' leadership to elevate economic relations to an advanced level and to foster private-sector investment in high-potential sectors.

He stated that the strategic partnership between India and Oman marks a definitive new direction in bilateral relations, one poised to propel them to greater heights. He emphasized that the relationship, founded on deep mutual trust and a spirit of enduring friendship, has grown progressively stronger and more profound over time.
The Indian Prime Minister added that the landmark Comprehensive Economic Partnership Agreement (CEPA) will serve as a catalyst to bolster investor confidence, unlock new opportunities across all sectors of the economy, and generate significant prospects for growth, innovation, and youth employment in both countries.

He also highlighted recent amendments to India’s labour laws, improvements in the ease of doing business, and the potential for partnership in emerging fields such as green hydrogen, green ammonia, solar energy, and clean energy. He stressed the significance of establishing joint innovation centres and creating shared financing mechanisms to support over 200 companies across both countries.

For his part, Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, underscored the need to pursue more ambitious goals for the continued development of bilateral cooperation. This partnership, he noted, is guided by the shared Oman–India vision titled “A Partnership for the Future,” which was formally adopted during the historic visit of His Majesty Sultan Haitham bin Tarik to India on 16 December 2023, reflecting the directives of His Majesty the Sultan, the President of India, and the Prime Minister of India.

The minister remarked that Oman and India share centuries of robust and deeply rooted commercial ties. Today, he said, this relationship is built upon a rich historical legacy and a forward-looking vision, with India now ranking among Oman’s top three trading partners and within the top ten sources of foreign direct investment.

He added that the signing of the Comprehensive Economic Partnership Agreement marks a decisive commitment to broaden economic and investment cooperation and unlock new avenues for shared growth. The agreement represents a strategic milestone in bilateral relations, offering substantial mutual benefits and translating the two nations’ common vision of strengthening and expanding trade and economic engagement for the welfare of both countries’ peoples.

He emphasised the importance of establishing a systematic follow-up mechanism to monitor the agreement’s implementation and ensure its benefits are fully realised. An Omani committee will be formed to maximise the advantages of the pact, while the existing Oman–India Joint Committee will oversee its execution. He also expressed hope that the partnership would expand into other vital fields, covering culture, sports, tourism, innovation, and space sciences.

In his address, Piyush Goyal, Minister of Commerce and Industry of India, described the Comprehensive Economic Partnership Agreement as a historic achievement that will foster shared prosperity. He noted that the pact will boost bilateral trade, streamline business processes, remove barriers to the movement of goods and services, and enhance market access for businesses in both countries.

He highlighted the growing economic momentum between the two nations, with bilateral trade exceeding USD 10 billion. He underlined the strategic importance of diversifying and strengthening commercial engagements, with a focus on key sectors such as investment, tourism, innovation, and technology.

Faisal bin Abdullah Al Rowas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry (OCCI), noted that Oman–India relations exemplify a productive partnership founded on trust and mutual benefit, strengthened by the strategic logistical advantages both countries enjoy. Oman’s modern ports, integrated logistics infrastructure, network of trade agreements, and investor-friendly policies position it as an attractive investment gateway and a regional business hub. Within this framework, India stands as one of Oman’s most significant trading partners, with both sides working continuously to deepen cooperation in alignment with Oman Vision 2040.

OCCI Chairman added that the Indian Prime Minister’s visit reaffirms this strategic direction and opens broader avenues for collaboration in promising sectors, enabling the establishment of direct partnerships and joint projects that benefit both economies. He noted that OCCI’s hosting of the Oman–India Business Dialogue the previous day, with high-level representation from both sides, aimed to strengthen economic ties and explore joint investment opportunities.

Al Rowas stated that the forum reinforces the solid foundation of bilateral economic relations and reaffirms OCCI’s commitment to deepening cooperation with the Indian private sector, including through a memorandum of understanding with the Confederation of Indian Industry (CII). He described the forum as a qualitative leap in Oman–India economic collaboration, creating new opportunities for mutually beneficial projects that promote stability, prosperity, and sustainable development.

Rajiv Memani, President of the Confederation of Indian Industry, also addressed the forum, discussing prospects for industrial and investment cooperation and integration between companies in both countries. He emphasised that the Comprehensive Economic Partnership Agreement will further enhance business collaboration, particularly in trade, technology, and tourism.
Pankaj Khimji, Advisor for Foreign Trade and International Cooperation at the Ministry of Commerce, Industry and Investment Promotion, noted that the forum provides a platform for business leaders from both nations to connect, underscoring a shared desire to advance trade relations across diverse sectors.

The forum featured dedicated networking sessions that enabled direct engagement between Omani and Indian business communities, fostering dialogue on partnership opportunities and the establishment of new trade and investment linkages, reflecting the depth of bilateral relations and the mutual commitment to advancing shared interests.

(ONA) -


The Central Bank of Oman (CBO) today hosted its Annual Meeting with Financial Institutions, uniting industry leaders under the theme “Reimagining Tomorrow”.

Chaired by Ahmed bin Jaafar Al Musalami, Governor of the CBO, the event drew CEOs and senior officials from licensed banks, Finance Leasing Companies (FLCs), Payment Service Providers (PSPs), and the Oman Banks Association (OBA) with Executive management of CBO. The gathering served as a platform to discuss major reforms, strategic initiatives, and the future direction of Oman’s financial sector in line with Oman Vision 2040.

The CBO Governor keynote address reaffirmed the country’s unwavering commitment to building a resilient, sustainable, and forward-looking financial sector. He highlighted the government’s comprehensive reforms and disciplined fiscal management, designed to underpin long-term economic stability, growth, and prosperity for future generations. Central to these efforts is the implementation of the new Banking Law, which introduces robust governance standards, enhanced risk management frameworks, and improved depositor protection, while encouraging innovation and aligning with international best practices. The launch of a new symbol for the Omani Rial was presented as a milestone, reinforcing the currency’s identity and global recognition, and supporting financial innovation and visibility both domestically and internationally.


The CBO Governor detailed significant progress in digital and Fintech advancements, including the rollout of open and digital banking frameworks to enable secure data sharing and foster new financial products. These initiatives collectively aim to position Oman at the forefront of digital transformation in banking, resulting in a robust, resilient, and customer-centric financial ecosystem. Notably, the CBO Governor highlighted the launch of an electronic system for Sharia-compliant liquidity management instruments, enhancing efficiency and transparency within Oman’s Islamic finance sector.

Further, the meeting outlined major enhancements to national payment infrastructure, including an upgraded GCC-RTGS system for instantaneous and secure cross-border transfers within the GCC, significant improvements to ACH enabling banks and customers to adopt E-mandate as an alternative to cheques, and the introduction of IBAN to simplify transactions and strengthen anti-fraud measures. The CBO’s launch of electronic cheque clearing offers faster processing and improved liquidity management, benefiting both banks and their customers. The introduction of the domestic “Maal” card system reflects the CBO’s commitment to modernising payments, driving innovation, and promoting financial inclusion.

The CBO Governor also highlighted the importance of strategic credit allocation toward targeted sectors for banks in alignment with Oman Vision 2040. These steps are intended to foster economic diversification, create employment opportunities for Omani citizens, and position the financial system as a catalyst for innovation, entrepreneurship, and inclusive prosperity. Ongoing regulatory revisions for both conventional and Islamic banking, as well as upgrades to the national payment system, were also highlighted, with a strong focus on the digital transformation agenda.

The meeting featured a series of dedicated topics addressing macroeconomic indicators, financial landscape, threats, trends and actions 2025, and the digitalisation of financial services. The importance of industry-wide cooperation to safeguard Oman’s financial ecosystem was strongly emphasised throughout.

Additionally, an awareness programme for university students was organised, introducing them to the evolving financial landscape, the regulatory functions of the CBO, and the significance of responsible financing and sound market structure. Further, launching of “Financial Awareness Competition for students of Schools, Colleges, and Universities” aiming to enhance the financial literacy among them was also announced, highlighting the CBO’s dedication to nurturing national talent and preparing future generations for careers in banking and finance.

According to the letter received from the MCDR on 2025/12/17 by the periodical partial redemption (installment no. 10) for the listed bonds of EFG Securitization The First Issuance - Fourth Program Tranche D June 2029 Variable Return.
The total listed value of the bonds after the partial redemption becomes EGP 120,725,999.99 distributed over 2,311,400 bonds at a par value of EGP 52.23068. These modifications will be applied to EGX database effective 21/12/2025 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a variable Return rate equal to the Lending Rate announced by the Central Bank + Margin 0.70 % to be paid after 4 months for the first coupon then will be paid every 3 months then will be paid monthly starting from the 14th month.
ISIN Code: EGB694K1S141

(ONA) -

The Ministry of Finance today launched the first phase of transition to the Unified Government Financial System codenamed “Maliya”.

The step is in pursuance of a national scheme to modernize and facilitate financial procedures, ushering in a process of comprehensive digital transition that supports connectivity among government institutions.

The ceremony marking the start of the first phase of “Maliya” was held under the auspices of Sultan bin Salim Al Habsi, Minister of Finance.

Abdullah bin Salim Al Harthy, Undersecretary of the Ministry of Finance (Chairman of the Supervisory Committee for the Transition to the Unified Financial System “Maliya”), said that the first phase of operating the Unified Government Financial System “Maliya”, was the outcome of cooperation between the Ministry of Finance, the Ministry of Health, the Ministry of Education, the Ministry of Economy, the Tax Authority and Royal Hospital.

For his part, Dr. Ali bin Amer Al Shidhani, Undersecretary of the Ministry of Transport, Communications and Information Technology for Communications and Information Technology, said that digital transition constitutes one of the main pillars of Oman Vision 2040 and the National Digital Economy Programme.

Al Shidhani pointed out that the government digital transition programme comprises a large number of initiatives, the most important of which is the Unified Government Financial System “Maliya”.

Al Shidhani explained that “Maliya” system, once fully implemented by all government units, will facilitate connectivity among different government systems, as well as payment procedures and government decision-making—based on accurate data.

For his part, Ali bin Abdullah Al Hinai, Director General of Financial Systems, said, “The launch of this phase comes within the context of the Finance Ministry’s efforts to streamline public finance management operations, keep pace with the developments of the digital climate and build a new financial scheme that contributes to raising the efficiency of public finance management, besides connecting different government systems.”

The event saw an overview of developments of the financial system in the Sultanate of Oman—right from the establishment of the first computer department in the Sultanate of Oman way back in 1976, in the Ministry of Finance. This was followed, in 1986, by the introduction of the Comprehensive Government Financial System, which is still operating.

Then, the Unified Government Financial System’s portal was reviewed, along with the features of the new financial system “Maliya”, which is planned to be operated gradually in parallel with the financial system (IFS) in other government units until 2028.

The Unified Government Financial System, “Maliya”, is a modern electronic scheme that provides integrated financial solutions and a better user-friendly interface. The system leverages government capabilities for the sake of applying more advanced financial planning and faster decision-making based on comprehensive information. The rest of government units will gradually move to the Unified Government Financial System until 2028.

According to the letter received from the MCDR on 2025/12/17 by the periodical partial redemption (installment no. 13) for the listed bonds of EFG Hermes Securitization The Second Issuance - Third Program Tranche D July 2028 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 112,756,999.99 distributed over 1,806,250 bonds at a par value of EGP 62.42602. These modifications will be applied to EGX database effective 21/12/2025 trading session. This bond tranche has been locally rated by MERIS as (A)، at a fixed annual Return rate of 13.35% to be paid monthly.

(QNA) -

Kuwait's stock exchange closed Tuesday's session on a modest upswing, with the All-Share Index inching up 9.46 points (0.11 percent) to settle at 8,921, signaling a tempered yet resilient investor sentiment.
Trading volumes were robust, with 330.7 million shares exchanged across 20,351 cash transactions, totaling KD 108.8 million (approx. USD 331.8 million).
The Main Market led the charge, climbing 28.36 points (0.35 percent) to 8,216.94, buoyed by 136.8 million shares traded in nearly 10,000 deals worth KD 24 million (USD 73.2 million).
Meanwhile, the Premier Market posted a marginal gain of 5.32 points (0.06 percent), closing at 9,536.45, with 193.8 million shares changing hands in over 10,000 trades valued at KD 84.7 million (USD 258.3 million).
The Main 50 Index outperformed, jumping 44.77 points (0.52 percent) to 8,593.22, driven by 71.9 million shares across 5,065 transactions worth KD 14.11 million (USD 43 million)

(QNA) -

Monumental Sports & Entertainment (MSE) announced that Qatar Investment Authority has increased its stake in the company. MSE is a leading firm that integrates sports, media, and entertainment.

The Authority first invested in MSE in 2023, as part of its focus on long-term, high-value investments.

In a statement issued today, MSE revealed the addition of Arctos Partners (Arctos) as a new minority investor.

Both MSE and Arctos share a commitment to developing the capital, Washington, DC, and transforming it into one of the world’s strongest hubs for sports and entertainment.

MSE owns and operates the Washington Capitals (NHL), Washington Wizards (NBA), Washington Mystics (WNBA), Capital City Go-Go (NBA G League), Wizards Gaming (NBA 2K League), in addition to the local media platform Monumental Sports Network (MNMT), along with several other significant investments in the sports and entertainment sectors.

MSE also operates Capital One Arena in downtown Washington, DC, and is leading a transformation of the arena and the surrounding sports and entertainment district valued at more than $800 million. The project is part of a public-private partnership with the District of Columbia government.

In this context, CEO of the Qatar Investment Authority Mohammed Saif Al Sowaidi, said: "since QIA first invested in MSE in 2023, the company has continued to create tremendous value for both fans and investors. We are delighted to further our partnership with the company as it welcomes Arctos – demonstrating the continued potential in the commercialization of professional sports. QIA’s continued commitment to MSE is an example of our focus on long-term, high-growth investments, and our growing portfolio of sports and entertainment investments with like-minded partners."

Qatar Investment Authority is a significant investor in several leading US companies across various sectors, including real estate, technology, consumer goods, and healthcare.

It is worth noting that its diversified investment portfolio includes CityCenterDC, a mixed-use development near Capital One Arena, in which the Authority is the principal owner.

For his part, Founder, Chairman, Managing Partner, and CEO of MSE Ted Leonsis reaffirmed the company’s long-term commitment to Washington, DC, through a focus on building a comprehensive sports ecosystem that creates added value and enables continued strategic investment in its teams while delivering a world-class fan experience, expressing his excitement at welcoming Arctos as a partner.

In turn, Co-Founder and Managing Partner at Arctos Doc O’Connor described Monumental Sports & Entertainment as one of the most important ownership groups in terms of innovation and development in global sporting events.

"We're proud to partner with Ted and the MSE team as they continue to elevate the fan experience, invest in the community, and build long-term value across a world-class platform," he added

(QNA) -

The Qatar Central Bank announced today that the national payment card Himyan has been accepted in the State of Kuwait, in line with the Third Financial Sector Strategy and as a continuation of the Bank’s efforts to develop digital payment systems and services, as well as to strengthen cooperation among the countries of the Gulf Cooperation Council (GCC).

In a post on the X, Qatar Central Bank said that holders of the Himyan card can now carry out purchase transactions and cash withdrawals through various points of sale and automated teller machines across the State of Kuwait, in accordance with the highest standards of security and protection.

It added that this expansion in the acceptance of services of the national “Himyan” card reflects QCB's commitment to providing reliable and secure national "Himyan" card services within the local payment ecosystem, which is fully managed and operated by QCB. It also reaffirms its dedication to strengthening regional integration in the field of payment systems.

"Himyan" card is considered the first national payment card with a Qatari commercial brand, owned by Qatar Central Bank. It was launched as part of QCB's ongoing efforts to enhance and develop digital payment systems, support innovation and digital transformation in Qatar's financial sector, and provide secure and efficient local payment options.

(WAM) -

Dubai Electricity and Water Authority (DEWA) has awarded a contract worth AED216 million for a strategic project to boost the efficiency and reliability of Dubai’s water transmission networks.

The contract includes the supply, installation, testing and commissioning of glass-reinforced epoxy (GRE) pipelines of varying diameters, along with associated works across multiple locations in the emirate.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, emphasised that DEWA is committed to enhancing production and operational efficiency while strengthening the reliability of Dubai’s water transmission networks, in support of the emirate’s sustainable development goals.

The project entails the installation, testing and commissioning of a 7.1-kilometre main water transmission line, along with 20 interconnections for the transmission and distribution networks to increase flow and pressure in the network across various areas of Dubai, reinforcing the system’s readiness and its ability to meet growing demand.

The project aims to ensure adequate water supply for both current and future needs. Scheduled for completion within 24 months, it will support Dubai’s advanced infrastructure and multi-sector development initiatives.

(WAM) -


The Ministry of Finance (MoF) announced the issuance of Cabinet Resolution No. (198) of 2025, amending certain provisions of Cabinet Resolution No. (37) of 2017 regarding the Executive Regulation of Federal Decree-Law No. (7) of 2017 on Excise Tax, based on the recent amendments to Federal Decree-Law No. (7) of 2025, which introduced certain amendments to the provisions of the Excise Tax.

The amendments come as part of the UAE’s efforts to update the Excise Tax legislative framework and align the legal provisions between the Decree-Law and its Executive Regulation, particularly with respect to tax registration, excise tax deduction, and refund requests, in addition to introducing certain improvements to some provisions of the Executive Regulation.

The Ministry emphasised that the amendments aim to enhance tax compliance efficiency and improve procedural clarity for taxable persons, contributing to a stable business environment and the sustainability of public revenues, and supporting the country’s direction towards developing a more efficient, flexible, and sustainable tax system.

The Ministry noted that these amendments form part of a comprehensive plan to enhance the country’s tax systems, aligning it with international best practices, therefore reinforcing transparency and efficiency in the implementation of Excise Tax.

(WAM) -

Royal Development Holding (RDH), a subsidiary of Emirates Stallions Group (ESG), has announced Radisson Residences Al Reem Island, a premium waterfront development and the world’s first standalone Radisson Residences, reinforcing Abu Dhabi’s position as a global hub for branded real estate.

Developed in collaboration with Radisson Hotel Group, the AED1.2 billion project comprises three towers built over a shared podium on Al Reem Island’s mangrove-lined waterfront, around 20 minutes from Downtown Abu Dhabi. The development features a mix of studios, one- to three-bedroom apartments, two-bedroom townhouses and four-bedroom townhouses.

Designed around immersive coastal living, the residences blend contemporary architecture with nature-focused design, offering views of tidal waterways and mangrove landscapes. Floor-to-ceiling glazing, generous balconies and outdoor-oriented layouts aim to create a strong connection between living spaces and the surrounding environment.

Interiors reflect a coastal aesthetic through natural materials and warm colour palettes, while amenities include a waterfront pool deck, fitness and yoga facilities, landscaped courtyards, recreational lounges and concierge services linked to the Radisson Rewards Programme. The project is also integrated with nearby retail, dining and leisure offerings that are shaping Al Reem Island into a key lifestyle destination.

Tariq Nazzal, CEO of Royal Development Holding, said the project marks a major milestone as the first standalone Radisson Residences globally and the first branded residence on Al Reem Island scheduled for completion by the end of 2027. He noted that the development reflects RDH’s focus on design-led, community-oriented living that appeals to both residents and long-term investors.

Elie Milky, Chief Development Officer for the Middle East, Northeast Africa, Greece and Cyprus at Radisson Hotel Group, said the collaboration brings Radisson Residences to one of Abu Dhabi’s most distinctive waterfront locations, combining hospitality standards with a nature-led residential lifestyle.

Radisson Residences Al Reem Island forms part of RDH’s expanding portfolio of branded residential projects, as demand continues to grow across the UAE for developments that integrate global brands with lifestyle-focused urban living.

Company Name : Acrow Misr
ISIN Code : EGS3E071C013
Currency : EGP
F/S Consolidated Period : From 01/01/2025 To 30/09/2025
Net Profit : 556,971,675
F/S Consolidated Period : From 01/01/2024 To 30/09/2024
Net Comparative Profit : 748,383,328
Audit Status : Reviewed
Comment : Taking into account the rights of the minority
Source : Acrow Misr