Riyadh – Mubasher: Saudi Arabia’s civil aviation sector is contributing $53 billion to the kingdom's economy, according to a report by the General Authority of Civil Aviation (GACA). The contribution of the sector to the Saudi economy includes …
Riyadh – Mubasher: SAMI Advanced Electronics Company (SAMI-AEC), wholly owned by Saudi Arabian Military Industries (SAMI), is taking part in the third edition of Future Aviation Forum 2024 as a strategic partner, according to a press release. As a …
Riyadh – Mubasher: Saudia Group and Airbus have inked the largest aircraft deal in Saudi aviation history, according to a press release. The two entities penned the deal on the slides of the Future Aviation Forum 2024, which kicked off at the King …
Riyadh – Mubasher: The third edition of the Future Aviation Forum has kicked off today in the capital of Saudi Arabia under the patronage of the Custodian of the Two Holy Mosques King Salman. The event is being held for three days, 20-22 May 2024, …
UAE – Mubasher: Mubadala Investment Company announced investing in the Asia Pacific renewable energy platform owned by investment firm PAG. PAG REN I platform focuses on supplying solar power to corporations across Japan, according to a press …
Abu Dhabi - Mubasher: The Abu Dhabi Global Market (ADGM) reported a 211% year-on-year (YoY) surge in assets under management (AUM) during the first quarter (Q1) of 2024. The number of asset managers operating in ADGM registered 107, managing 137 …
UAE - Mubasher: Alef Education Holding, an Abu Dhabi-based AI-powered learning solutions provider, has announced plans to list 1.40 billion shares, representing 20 of its capital, on the main market of the Abu Dhabi Securities Exchange (ADX). The …
Dubai - Mubasher: The board member of Shuaa Capital recommended issuing private placement and mandatory convertible bonds (MCBs) of up to AED 367 million, according to a bourse disclosure. The transaction is still subject to regulatory approvals …
Cairo – Mubasher: UAE’s Electra Investment Holding has submitted an offer to acquire up to 24.50% of Elsewedy Electric Company. Under the offer submitted to the Financial Regulatory Authority (FRA), Electra Investment seeks to buy around 531.48 …
Abu Dhabi – Mubasher: Sudatel Telecom Group incurred net losses valued at $25.96 million in the first quarter (Q1) of 2024. The negative results were compared with net profits worth $16.97 million in Q1-23, according to consolidated interim …
UAE – Mubasher: UAE-based rent-now-pay-later platform Keyper announced a pre-series A capital raise valued at $4 million in equity, according to a press release. This round was led by key regional venture capital firms BECO Capital and Middle East …
UAE – Mubasher: The total value of the UAE’s e-commerce market is expected to surge to AED 48.80 billion by 2028 from AED 27.50 billion in 2023, according to a report by Dubai South’s e-commerce zone (EZDubai). The report ascribed the positive …
UAE – Mubasher: Dubai-based electronics marketplace Revent has secured $900,000 in a pre-seed round led by Techstars and a group of angel investors, according to a press release. Revent will use the funds to scale up its client base in Saudi …
Abu Dhabi – Mubasher: Agthia Group logged net profits after tax worth AED 127.59 million in the first quarter (Q1) of 2024, marking a year-on-year (YoY) leap from AED 96.69 million. The group’s revenues hiked to AED 1.44 billion in Q1-24 from AED …
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) recorded net profits valued at AED 17.58 million in its first quarter (Q1) of 2024, up by 118% from AED 8.04 million in Q1-23. Takaful revenue amounted to AED 271.47 million as of 31 …
Dubai – Mubasher: The board of Tecom Group has approved a strategic acquisition and development plan valued at AED 1.70 billion, according to a press release. Under the expansion plan, the UAE-based group will invest AED 966 million to acquire …
Abu Dhabi – Mubasher: Waha Capital logged net profits after tax valued at AED 281 million in the first quarter (Q1) of 2024, an annual leap of 90% from AED 148 million, according to the financial results. Net operating income enlarged by 73% to …
Dubai – Mubasher: The net profits of Amanat Holdings increased by 9% year-on-year (YoY) to AED 48.29 million in the first quarter (Q1) of 2024, partly impacted by the introduction of corporate tax in the UAE. The quarterly net profits were …
Cairo – Mubasher: DP World has inaugurated three facilities in Romania to boost the country’s trade exchange with European neighbours. The Emirati multinational logistics company has invested EUR 65 million to develop a 5-hectare cargo terminal …
Riyadh – Mubasher: ACWA Power Company has received a notice from the Dubai-based Shuaa Energy 3 project company. Shuaa Energy 3 announced that Phase C of the solar power project received the commercial operation certificate, according to a bourse …
Abu Dhabi – Mubasher: The net losses after tax of Eshraq Investments increased to AED 306.05 million in the first quarter (Q1) of 2024 from AED 34.08 million in Q1-23. Basic and diluted loss per share hit AED 0.11 as of 31 March 2024, an annual …
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) posted net income valued at AED 2.13 billion in the first quarter (Q1) of 2024, an annual plunge from AED 11.56 billion a year earlier. The decrease of AED 9.50 billion is due to …
Mubasher: Initial public offering (IPO) in the GCC has raised $931 million in the first quarter (Q1) of 2024, a 73% year-on-year (YoY) plunge from $3.50 billion in the comparative period of 2023, according to a report by Kuwait Financial Centre …
Abu Dhabi – Mubasher: The net profits attributable to the owners of Gulf Medical Projects Company (GMPC) hit AED 16.82 million in the first quarter (Q1) of 2024, an annual rise from AED 13.21 million. Revenues climbed year-on-year (YoY) to AED …
Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company shifted to net profits valued at AED 8.44 million in the first quarter (Q1) of 2024. The registered profits were compared to net losses worth AED 7.44 million in Q1-23, …
