UAE – Mubasher: The second edition of the Green Hydrogen Summit will take place in the UAE capital on 16 April 2024, as part of the World Future Energy Summit (WFES), and it will be hosted by Abu Dhabi Future Energy Company (Masdar) under the …
Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) announced the increase and renewal of a Sharia-compliant bank facility with Saudi Awwal Bank (SAB) as per the agreement signed on 15 April 2024. The funding …
Cairo – Mubasher: The Egyptian Exchange (EGX) indices achieved good leaps on Monday, the first after the Eid Al Fitr holiday. The EGX30 main index surged by 3.90% to close at 29,616.47 points. The small- and mid-cap EGX70 EWI jumped by 2.36% to …
Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) was awarded a SAR 46 million project on 15 April 2024. The listed company will integrate the management of technical services provided at Umm Al Qura …
Cairo – Mubasher: Ezz Steel turned to a consolidated loss during 2023, recording a net loss after tax of EGP 716.53 million, compared to a net profit of EGP 6.64 billion a year earlier. Consolidated net sales surged to EGP 142.91 billion last year …
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Monday’s trading session higher by 0.33% at 12,708.34 points. The turnover stood at SAR 9.72 billion through the exchange of 346.58 million shares. …
Cairo – Mubasher: The Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project. Heliopolis Company …
Riyadh – Mubasher: ROSHN Group, PIF giga-project, inked an agreement exceeding SAR 215 million with partner developer Dar Al Arkan, according to a press release. The two developers sealed the deal following a similar agreement last year, that will …
Cairo – Mubasher: Eastern Company’s board approved new prices for some cigarette products to take effect as of 14 April 2024. The company set the new prices of local cigarette brands at EGP 34.50 per pack, according to a bourse filing. Prices of …
Cairo – Mubasher: Qalaa Holdings has signed an agreement to settle debt with five banks to settle around EGP 13.45 billion in debt. The first agreement was signed with Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank …
UAE – Mubasher: The UAE stock markets showed a varied performance on Monday, which marks the first trading session following the Eid Al Fitr holiday. The main index of Dubai Financial Market (DFM) closed the session lower by 0.37 points at …
Riyadh – Mubasher: Leejam Sports Company (Fitness Time) opened a new centre for men in Muzahmia Province on 14 April 2024, according to a bourse filing. The centre is located in the Nawara district of Muzahmia Province and will contain advanced …
Riyadh – Mubasher: Saudi Arabia’s consumer price index (CPI) rose by 1.60% year-on-year (YoY) in March 2024. The increase in CPI was driven by an 8.80% YoY surge in housing, water, electricity, gas, and other fuels, along with a 0.90% YoY uptick …
UAE – Mubasher: The UAE’s Ministry of Finance is participating in the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington D.C. The Emirati delegation will be led by Mohamed bin Hadi Al …
Riyadh – Mubasher: The board of Al Etihad Cooperative Insurance Company has recommended the distribution of SAR 27 million in cash dividends for 2023. The proposed dividends are equivalent to SAR 0.60 per share to be distributed to 45 million …
Cairo – Mubasher: Egypt has raised 24.90% in the allocation of the healthcare sector to EGP 495.60 billion in the budget for the fiscal year (FY) 2025/2026 from EGP 396.90 billion in FY 2024/2025, said Minister of Finance Mohamed Maait. The …
Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services, partnered with Al Etihad Payments (AEP), a unit of the Central Bank of the UAE (CBUAE), to boost seamless payments. The two entities will utilise Aani, an instant …
UAE – Mubasher: Ducab Group, a UAE-based manufacturing firm, has revealed a strategic plan to expand into 20 new markets. The plan will bring the company’s operations to 75 countries across the Middle East, Africa, Asia, Australasia, Europe, and …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) announced that one of its subsidiaries has signed an agreement to acquire 70% of the stake of Overseas Development company in a subsidiary based in the UAE. The deal was …
Riyadh – Mubasher: Awad Farouk Al Desouki resigned from his position as the CEO of Saudi Fisheries Company on 14 April 2024. Al Desouki’s resignation became effective on 15 April, according to a bourse statement. The company’s board members …
Mubasher: GFH Financial Group announced plans to acquire the financing and investment portfolios of Ithmaar Holding, according to a bourse disclosure. GFH highlighted that discussions are in progress to finalise the transaction structure, which is …
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion on Monday, 15 April 2024, through two auctions. The first tranche stood at EGP 30 billion and will mature in 182 days on 15 …
Riyadh – Mubasher: Knowledge Economic City announced signing two contracts with Elkhereiji Commerce and Contracting Company for Al Alya project at a combined value of SAR 288.60 million. The two deals were awarded and signed on 4 April 2024, …
Riyadh – Mubasher: The National Agricultural Development Company (Nadec) has appointed Abdulaziz Saleh Alrebdi as the new Chairman of the board. Nadec also named Ahmed Saud Sahini as the new Vice Chairman, according to a bourse filing. Alrebdi and …
Riyadh – Mubasher: ADES Holding Company has received a letter of award from TotalEnergies in Qatar on 4 April 2024 for a jack-up rig. The contract comprises a firm one-year term in addition to three optional six-month extensions totalling up to 18 …
