Abu Dhabi – Mubasher: Presight AI Holding and Esyasoft formed a new joint venture (JV) named IntelliGrid during the Baku Energy Week in Azerbaijan, according to a press release. This strategic partnership will deploy smart gas grids, enhanced …
UAE – Mubasher: The UAE climbed from 13th to 6th globally for international tourism receipts in 2023 after logging $51.90 billion. Leading the rankings were the US at $176 billion, followed by Spain, the UK, France, and Italy, according to the UN …
UAE – Mubasher: Malaysian Prime Minister Anwar Ibrahim met with the UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi to deepen economic relations between the countries. Al Zeyoudi also held talks with Malaysian Investment, Trade, …
Mubasher: UAE-based traveltech Tumodo has partnered with Saudi fintech Tabby to accelerate growth in the UAE travel industry, which is projected to reach $1.40 trillion by 2024. Integrating Tumodo's services into Tabby's business processes will …
UAE – Mubasher: Emirates has partnered with Airbus and the International Air Transport Association (IATA) to launch a competency-based training and assessment (CBTA) programme for the Airbus A350 type rating, as the Dubai-based carrier prepares …
Cairo – Mubasher: Ericsson teamed up with Vodafone Egypt to expand the latter’s mobile network with the introduction of Ericsson’s triple-band radio, supporting Time Division Duplex (TDD) and Frequency Division Duplex (FDD) spectrum. Radio 4466, …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) showed a negative performance on Tuesday after losing 7.06 points (0.17%) and ending the trading session at 3,985.97 points. A total of 169.93 million shares were exchanged during the …
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …
UAE – Mubasher: Khalifa Economic Zones Abu Dhabi (KEZAD Group), a subsidiary of AD Ports Group, has signed a 50-year lease agreement with NMDC Energy, a subsidiary of the National Marine Dredging Company (NMDC), to construct a factory in Abu …
Abu Dhabi – Mubasher: RAK Ceramics completed the acquisition of RAK Porcelain, making it a wholly-owned subsidiary, according to a bourse statement. The transaction, which was announced on 3 June, aligns with the ADX-listed company’s commitment to …
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Manazel greenlighted a capital hike to AED 3.12 billion from AED 2.60 billion, according to a press release. The ADX-listed firm will issue bonus shares amounting to AED 500 million at a …
UAE – Mubasher: Kamil Al Awadhi, Regional Vice President for Africa and the Middle East at the International Air Transport Association (IATA), stated that passenger traffic in the UAE and the GCC is projected to grow by 4% annually between 2024 …
Dubai – Mubasher: Emaar Properties has unveiled AED 1.50 billion investment to expand Dubai Mall, according to a press release. Dubai Mall will include 240 new stores and food and beverage outlets, offering innovative experiences while meeting …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Monday’s trading session higher by 15.10 points (0.38%) than 3,993.03 points. A total of 175.86 million shares were exchanged during the session at a value of AED 302.12 million. …
Abu Dhabi – Mubasher: Burjeel Holdings has signed a framework agreement to establish a joint venture (JV) AL KALMA with Keralty S.A.S, a Colombia-based multinational health organization. The alliance plans to develop and operate an integrated …
Abu Dhabi – Mubasher: AD Ports Group signed a joint deal with Adani International Port Holding Pte Limited, a wholly owned subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ), and East Harbour Terminals Limited. The entities will …
Abu Dhabi – Mubasher: Abu Dhabi Aviation Company has named Mohammed Saeed Al Remeithi as the CEO, effective from 1 June 2024, according to a bourse disclosure. Al Remeithi has experience in aviation with a proven track record in strategic …
UAE – Mubasher: The Roads and Transport Authority (RTA) in Dubai has launched a strategy for the commercial and logistics land transport. The strategy aims to double the contribution of the land transport and logistics sector to Dubai's economy to …
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) penned a deal to acquire Navig8 TopCo Holdings Incorporation to boost its global expansion strategy, according to a press release. ADNOC L&S will acquire an 80% stake in Navig8 for $1.04 …
Mubasher: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, collectively referred to as OPEC+, have agreed to extend significant oil production cuts into 2025, according to Reuters. OPEC+ has decided to …
UAE - Mubasher: The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024. The GCC region accounted for 55.50% of total exports …
UAE – Mubasher: Dubai-based purpose-built software as a service (SaaS) platform Growdash has raised a AED 6.80 million ($1.80 million) in a seed round, according to a press release. The fundraising transaction was led by Oryx Fund, a MENA-focused …
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) penned a deal to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR, according to a press release. Building on the strategic energy partnership …
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) announced that its subsidiary won a contract with a joint venture (JV)comprising the National Petroleum Company (NPCC) and SAIPEM in the UAE. MESC - Ras AlKhaimah UAE will supply a …
UAE – Mubasher: Alef Education Holding has increased the size of the first tranche of its initial public offering (IPO) due to substantial investor demand. Following approval from the UAE's Securities and Exchange Authority (SCA), the selling …
