Mubasher: Dubai-based Centena Group has announced the launch of AtlabShoponline platform as an educational eCommerce platform in Saudi Arabia to promote a knowledge-based economy across the region while further solidifying its presence in the …
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Arabian Pipes Company’s request to increase its capital from SAR 100 million to SAR 150 million. The capital increase will be carried out through the issuance of a bonus share for …
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) registered a mixed performance on Thursday for the second day in a row, with the EGX30 index inching lower by 0.08% to 27,205.14 points. On the other hand, the EGX70 EWI rose by 0.82% to …
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) declined by 161.04 points (1.32%) to close at 11,995.99 points on Thursday. A total of 221.71 million shares were traded at a turnover of SAR 5.56 billion. …
Riyadh – Mubasher: Goldman Sachs Group Incorporation became the first Wall Street bank to establish a Middle Eastern headquarters (HQ) in Saudi Arabia, according to Bloomberg. Goldman obtained a licence from the Saudi Ministry of Investment (MISA) …
UAE – Mubasher: Moody's Ratings has affirmed the ‘Baa3’ long-term issuer rating of UAE-based Chemical industry company Fertiglobe, changing the outlook to positive from stable. The rating agency ascribed its decision to Abu Dhabi National Oil …
Cairo – Mubasher: The consolidated net profits after tax of EFG Holding jumped to EGP 2.11 billion in the first quarter (Q1) of 2024 from EGP 920.12 million a year earlier. The EGX-listed group posted revenues valued at EGP 8.55 billion in Q1-24, …
Mubasher: MENA’s largest digital manufacturer Immensa has penned a strategic collaboration agreement with Pelagus 3D, an on-demand digital manufacturing partner for the maritime and offshore industry. The two parties will integrate their strengths …
UAE – Mubasher: The Abu Dhabi Future Energy Company (Masdar) has signed strategic agreements for new renewable energy projects in Indonesia, bolstering the nation's energy transition endeavours. The agreements underscore the enduring collaboration …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 34.23 points (0.84%) on Thursday and ended the trading session at 4,023.64 points. A total of 96.54 million shares were exchanged during the session at a value of AED 349.15 …
Riyah – Mubasher: The General Authority of Civil Aviation (GACA) has organised the first Arab Forum for Aviation Security in cooperation with the Arab Civil Aviation Organization. The forum was attended by 120 leaders in the aviation sector and …
UAE - Mubasher: The gross exposure of Etihad Credit Insurance (ECI) reached AED 9.60 billion by the end of 2023, as the company experienced a 21-fold increase compared to 2019. ECI boosted the expansion of the UAE’s non-oil exports, covering 3.10% …
Riyadh – Mubasher: Saudi Power Procurement Company (SPPC) has signed two power purchase agreements (PPAs) with a consortium-led Japanese business conglomerate Marubeni Corporation. The PPAs include supplying energy from Saudi wind power projects …
Cairo – Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources plans to operate a new transportation pipeline for petroleum products on the Mediterranean coast, according to Al Arabiya Business. The new pipeline will link the MIDOR oil …
Riyadh – Mubasher: Maharah Human Resources Company has appointed Abdullah Sulaiman Al Amro as the board’s Chairman. Ahmed Saleh Al Humaidan was announced as the Vice Chairman, according to a bourse disclosure. The board members elected the two …
Riyadh – Mubasher: The shareholders of Banque Saudi Fransi approved the board’s recommendation to distribute cash dividends valued at SAR 1.19 billion for the second half (H2) of 2023. The Saudi lender will pay out SAR 1 per share, representing …
UAE – Mubasher: The Central Bank of the UAE (CBUAE) is set to auction AED 15 billion in monetary bills on 27 May 2024. The auction includes four issuances that will be released on 29 May, according to the Emirates News Agency. The first issuance …
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has successfully completed a placement to institutional investors of around 880 million ordinary shares of ADNOC Drilling Company. The offered shares represent 5.50% of the ADX-listed …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco), Japan’s Mizuho Financial Group, and other companies have signed agreements on the sidelines of the Business Forum of Saudi-Japan Vision 2030, according to Bloomberg. Signed on 21 May 2024, the …
UAE – Mubasher: Microsoft Corporation and UAE’s G42 announced an initial invetments of $1 billion in digitalisation projects in Kenya in collaboration with the country’s Ministry of Information, Communications, and the Digital Economy. The …
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has named Abdulrahman Ibrahim Alrowaita as the board’s Chairman for the next three years. SRMG also appointed Majid Abdulrhman Alissa as the Vice President, according to a bourse disclosure. …
Cairo – Mubasher: Philip Morris International (PMI) has acquired a 14.70% stake in Eastern Company. The two companies also signed a nonexclusive letter of intent (LOI) to explore potential strategic areas for mutual long-term collaboration, in the …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Ayyan Investment Company to increase its capital through a rights issue worth SAR 200 million. The CMA passed Ayyan Investment’s capital raise on 22 May 2024, …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a total value of EGP 50 billion through two equal auctions on Thursday, 23 May 2024. The first tranche will mature in 182 days on 26 November this year, while the …
UAE – Mubasher: Huspy, a property technology firm headquartered in the UAE, has raised a funding round led by Balderton Capital, along with existing investor Fifth Wall as well as other investors. The fundraising had a considerably higher …
