Riyadh – Mubasher: Sure Global Tech Company inked a contract with the Shura Council, on 24 April, to operate and maintain computers for the Shower project. The two entities penned the agreement at a value of SAR 60.09 million, according to a …
Cairo – Mubasher: Damietta Alliance Container Terminals, a consortium of Hapag-Lloyd, EUROGATE Group, and Contship Italia, has signed an agreement with Rowad Modern Engineering to execute the superstructure works for Container Terminal Tahya Misr …
Mubasher: Americana Restaurants International, also listed on the Abu Dhabi Securities Exchange (ADX), announced the shareholders’ approval for cash dividends valued at AED 661.25 million The general assembly meeting greenlighted dividends of AED …
Dubai – Mubasher: Emirates NBD recorded an annual hike of 67% in net profit to AED 6.71 billion during the first quarter (Q1) of 2024, versus AED 6.02 billion. Total operating income amounted to AED 10.66 billion as of 31 March 2024, up from AED …
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) shrank 101.16 points (0.82%) to 12,254.53 points at Thursday’s close. A total of 271.28 million shares were traded at a turnover of SAR 6.90 billion. …
Riyadh – Mubasher: Keir International Company has inked a SAR 24 million agreement with the National Program for Community Development in Regions (Tanmiah) for consultation services in digital transformation. The agreement includes implementing a …
Riyadh – Mubasher: Barka Water and Power Company SAOG (BWPC), a subsidiary of ACWA Power Company, was awarded a project from Oman-based Nama Power and Water Procurement Company. ACWA Power’s unit was awarded the project on 24 April 2024, while the …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 3.99 points (0.09%)on Thursday and ended the trading session lower at 4,163.34 points. A total of 223.65 million shares were exchanged during the session at a value of AED 592.08 …
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company reported a 9.78% year-on-year (YoY) increase in net profit to SAR 77.40 million in the first quarter (Q1) of 2024 from SAR 70.50 million. Revenues surged 27.47% YoY to SAR 4.35 …
UAE – Mubasher: The General Civil Aviation Authority (GCAA) has granted the operational approval for the country's first vertiport. The use of the vertiport will start at the DRIFTx event in Abu Dhabi, according to the Emirates News Agency (WAM). …
Mubasher: Bahrain-based alternative asset manager Investcorp partnered with China Investment Corporation (CIC) to launch Investcorp Golden Horizon, with a target size of $1 billion. The platform aims to invest in high-growth companies across …
Riyadh – Mubasher: Theeb Rent a Car Company has opened its new branch located in Riyadh’s Al-Arid district. The recent expansion brings the total number of the company’s branches in Riyadh to 14, according to a bourse filing. Theeb’s now operates …
Riyadh – Mubasher: The shareholders of Bank Aljazira agreed to increase the lender’s capital to SAR 10.25 billion from SAR 8.20 billion, according to a bourse disclosure. The lender will capitalise SAR 2.05 billion from the statutory reserve …
Riyadh – Mubasher: Banque Saudi Fransi logged a 6.87% year-on-year (YoY) increase in net profit to SAR 1.15 billion during the first quarter (Q1) of 2024 from SAR 1.07 billion. Clients’ deposits grew 4.42% YoY to SAR 174.82 billion in Q1-24 from …
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) posted higher net profits at AED 700.98 million in the first quarter (Q1) of 2024, versus AED 575.22 million in Q1-23. Total income amounted to AED 1.37 billion in Q1-24, an annual rise of …
UAE – Mubasher: The Ministry of Investment of the UAE has signed an investment memorandum of understanding (MoU) with Kenya’s Ministry of Finance and National Treasury for collaboration in the mining and technology sectors. The MoU allow for …
Cairo – Mubasher: China State Construction Engineering Corporation (CSCEC Group) has inaugurated a steel structures factory in Egypt with CNY 87.40 million ($12.06 million) in investments. Located on 27,039 square meters, the new factory will have …
Riyadh – Mubasher: The extraordinary general assembly of Saudi Cement Company approved a cash dividend of SAR 1 per share for the second half (H2) of 2023. The company will pay a total of SAR 153 million, representing 10% of the capital, on 8 May …
Riyadh – Mubasher: Herfy Food Services Company turned to profitability during the first quarter (Q1) of 2024, recording a net profit of SAR 448,244, versus a net loss of SAR 12.81 million in the same quarter a year earlier. Revenues grew 5.05% …
Dubai – Mubasher: The net profits of Emirates Islamic Bank hiked by 35% year-on-year (YoY) to AED 811.44 million in the first quarter (Q1) of 2024 from AED 600.86 million. Total operating income amounted to AED 1.34 billion in Q1-24, an annual …
UAE – Mubasher: UK-based Artech Lighting has opened a new office in Dubai to support expansion in the Middle East. The new office will help the company secure more projects in the GCC region, creating new jobs to serve its growing client base, …
Cairo – Mubasher: South Valley Cement Company incurred net losses amounting to EGP 194.65 million in 2023, an annual drop from EGP 208.74 million. Sales increased to EGP 877.42 million last year from EGP 873.73 million as of 31 December 2022, …
Riyadh – Mubasher: The Capital Market Authority (CMA)greenlighted the request of Al Sagr Cooperative Insurance Company to increase its capital by way of a rights issue. The listed firm plans to raise its capital by SAR 160 million to SAR 300 …
Abu Dhabi – Mubasher: The shareholders of Agthia Group approved the board’s recommendation for a cash dividend payment of 18.50 fils per share for 2023, according to a press release. This is in addition to bonus shares at the rate of 5% of share …
Cairo – Mubasher: Egypt-based HRTech bluworks has raised a $1 million pre-Seed investment round led by Saudi venture capital firm Khawarizmi Ventures, according to a recent press release. bluworks plans to use the fundraising transaction to …
