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03 May 03:10 PM

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2 May 04:05 PM Agility’s unit makes debut on ADX
UAE - Mubasher: Agility Global, a subsidiary of Agility Public Warehousing, has started trading on the Abu Dhabi Securities Exchange (ADX). The parent company Agility, listed on the Boursa Kuwait and Dubai Financial Market (DFM), will remain the …
Trading Activities
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2 May 04:01 PM DFM fosters digital financial management with iVestor app
Dubai– Mubasher: Dubai Financial Market (DFM) has launched a stand-alone iVestor App, a digital platform set to offer digital financial management for investors, according to a press release. The iVestor App offers a wide range of features to make …
Companies Investments
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2 May 03:27 PM ADQ lists $2.5bn bonds on London Stock Exchange
UAE – Mubasher: Abu Dhabi Developmental Holding Company (ADQ) has listed its recently issued $2.5 billion bonds on the London Stock Exchange (LSE). The bond issuance was oversubscribed by 4.40 times, receiving orders at a total value of $11 …
Bonds
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2 May 02:01 PM Spinneys announces final IPO price for DFM listing
DFM – Mubasher: Spinneys 1961 Holding completed the bookbuilding and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM), setting the final offer price at AED 1.53 per share. The IPO raised offer …
Initial Public Offerings
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2 May 12:49 PM Dubai Aerospace Enterprise reports $70m profit in Q1-24
UAE – Mubasher: Dubai Aerospace Enterprise (DAE) posted $69.70 million in profit before taxes during the first quarter (Q1) of 2024, down from $73.50 million in Q1-23. The company’s total revenues rose to $343.60 million in Q1-24 from $315.20 …
Financial Results
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2 May 12:33 PM Bank of Sharjah records over AED 80m net profits in Q1-24
Abu Dhabi – Mubasher: Bank of Sharjah logged net profits attributable to the owners valued at AED 80.67 million in the first quarter (Q1) of 2024. Net operating income hit AED 142.80 million in Q1-24, while the basic and diluted earnings per share …
Banking and Finance
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2 May 11:06 AM Pure Health sees higher net profits in Q1-24
Abu Dhabi – Mubasher: Pure Health Holding witnessed year-on-year (YoY) higher net profits at AED 490.64 million in the first quarter (Q1) of 2024, compared to AED 219.11 million. Revenues jumped to AED 6.11 billion in Q1-24 from AED 4.02 billion …
Financial Results
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2 May 09:41 AM CBUAE holds interest rates steady
UAE – Mubasher: The Central Bank of the UAE (CBUAE) has opted to keep interest rates unchanged, following a similar decision by the US Federal Reserve. The CBUAE has also retained the Base Rate for the Overnight Deposit Facility (ODF) at 5.40%, …
Macroeconomics
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2 May 09:10 AM NMDC’s subsidiary awarded $653m project contract
Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), was awarded a project contract valued at $653.17 million. The ADX-listed company highlighted that the engineering and …
Companies Investments
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2 May 08:02 AM Emirates Stallions Group completes acquisition of Sawaeed Holding
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) fully acquired Sawaeed Holding after increasing its stake in the latter by 83.89%, according to a press release. The transaction bolsters ESG’s manpower portfolio and anchors the group’s …
Mergers and Acquisitions
Mostafa Abdelaziz, Managing Partner at Act Financial
1 May 01:52 PM Act Financial plans EGX listing in Q2-24 after decade of continuous work – Abdelaziz
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is in negotiations to acquire equities in four companies that plan to list their shares on the Egyptian Exchange (EGX), Managing Partner Mostafa Abdelaziz told Mubasher in an interview. …
Trading Activities
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1 May 06:14 PM Like Digital & Partners expands presence in GCC with Saudi office
Riyadh – Mubasher: UK-based digital transformation agency Like Digital & Partners has made its debut into Saudi Arabia as part of the company’s expansion plan for the GCC. The inauguration of the new office in Riyadh adds to the current facilities …
Companies Investments
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1 May 04:01 PM Magnati, ADNOC Distribution partner to improve payment service
UAE – Mubasher: Magnati, a Middle Eastern payments solutions provider, has entered into a partnership with Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) to enhance the experience of retail customers. The partnership includes …
Companies Investments
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1 May 03:55 PM Ooredoo unveils QAR 913m net profits in Q1-24, dividends
Mubasher: The net profits attributable to the shareholders of National Mobile Telecommunications Company (Ooredoo) reached QAR 912.93 million in the first quarter (Q1) of 2024. The generated net profits were lower by 5% year-on-year (YoY) than QAR …
Financial Results
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1 May 03:09 PM DFM launches ARENA platform for MENA companies, investors
Dubai– Mubasher: Dubai Financial Market (DFM) has launched ARENA, an innovative platform for initial private offerings. ARENA by DFM will support the growth of companies and investors in the Middle East and North Africa (MENA) region through …
Companies Investments
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1 May 02:00 PM e& sees higher net profits in Q1-24; revenues up 9%
Abu Dhabi – Mubasher: The net profits of e& jumped year-on-year (YoY) to AED 2.45 billion in the first quarter (Q1) of 2024 from AED 2.30 billion. The telecom group posted revenues valued at AED 14.21 billion in Q1-24, marking an annual increase …
Financial Results
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1 May 12:24 PM Cash deposits at UAE banks jump 11% YoY in February 2024
UAE – Mubasher: Cash deposits at Emirati banks rose by 11% year-on-year (YoY) to AED 725.8 billion in February 2024 from AED 654.6 billion. Month-on-month (MoM), cash deposits in the UAE’s banks grew 1.92% in February from AED 712.1 billion in …
Macroeconomics
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1 May 11:38 AM Fertiglobe’s shareholders greenlight $200m dividends for H2-23
Abu Dhabi – Mubasher: The annual general meeting (AGM) of Fertiglobe approved a cash dividend of $200 million, equivalent to 9 fils per share, for the second half (H2) of 2023. This brings the amount of the full-year dividend to $475 million, …
Cash Dividends
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1 May 10:24 AM FAB registers higher profits at AED 4.1bn in Q1-24
Abu Dhabi – Mubasher: The net profits after tax of First Abu Dhabi Bank (FAB) surged by 6% year-on-year (YoY) to AED 4.15 billion in the first quarter (Q1) of 2024 from AED 3.92 billion. Total income stood at AED 7.97 billion in Q1-24, higher by …
Banking and Finance
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1 May 10:12 AM ADQ reportedly issues $2.5bn bonds, unveils 2023 financial results
UAE – Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has issued bonds with a total value of $2.50 billion, according to Reuters. The bonds were issued on 30 April 2024, in two tranches, to diversify the company’s funding …
Financial Results
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1 May 09:20 AM amana's strategy reinforces MENA trading volumes by 190%
UAE – Mubasher: Dubai-based neobroker amana launched a groundbreaking strategy to boost access to the MENA stock markets for its customers, according to a press release. In February, the investment service provider developed an initiative to …
Global Economy
Mohammed Al Ballaa, Chairman of Mubasher Financial Group
30 April 01:38 PM Highlights of Chairman Al Ballaa’s speech during AFCM 2024
Mubasher: Chairman of Mubasher Financial Group, Mohammed Al Ballaa, stated that the emergence of the fintech industry helped with the success witnessed in stock exchanges and different sectors over the past years. Al Ballaa noted, during the third …
Global Economy
Mohammed Rashid Al Ballaa, Chairman of MubasherTrade Global
29 April 02:44 PM Mubasher aims at broadening investors base in Arab exchanges – Chairman Al Ballaa
Mubasher: MubasherTrade Global seeks to increase the number of investors in the Arab stock markets, Chairman Mohammed Rashid Al Ballaa said at the third Arab Federation of Capital Markets (AFCM) Annual Conference. The number of traders in the Arab …
Event
Mohammed Rashid Al Ballaa, Chairman of MubasherTrade Global
29 April 01:42 PM Mubasher Global has the largest network, covers 3m investment tools – Chairman Al Ballaa
Mubasher: Mubasher Global has the largest network that connects the markets across the globe through its company Global Trading Network (GTN), Chairman of MubasherTrade Global, Mohammed Rashid Al Ballaa, stated during the third Arab Federation of …
Event
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30 April 03:58 PM Constructor Capital opens regional office in UAE
UAE – Mubasher: Constructor Capital, a venture capital (VC) fund investing in technology startups, has made a debut in the UAE with a new regional office. Constructor Capital's latest move signals a deeper foray into quantum technology within the …
Companies Investments