Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed the issuance of its five-year Euro Medium-Term Note (EMTN) bond under its Social Finance Framework. The lender offered a $600 million issue, which was oversubscribed …
Dubai – Mubasher: Ajman Bank generated net profits after tax worth AED 215.56 million in the first half (H1) of 2024, describing the results as the bank’s “all-time high half-yearly net profits,” according to a press release. The H1-24 net profits …
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …
Abu Dhabi – Mubasher: The consolidated net profit attributable to the owners of Sharjah Islamic Bank rose to AED 566.16 million in the first half (H1) of 2024 from AED 494.57 million in the comparative period the year before. Total operating …
Dubai – Mubasher: Emirates Islamic Bank posted a 37% year-on-year (YoY) surge in net profit to AED 1.66 billion in the first half (H1) of 2024. The bank’s total income soared by 15% YoY to AED 2.69 billion in H1-24, according to a press release. …
Dubai – Mubasher: Emirates NBD reported a 12% year-on-year (YoY) surge in net profit to AED 13.80 billion during the first half (H1) of 2024. The bank’s earnings per share jumped by 13% YoY to 214 fils in H1-24, according to a press release. …
Abu Dhabi – Mubasher: ADNOC Drilling Company has appointed Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Development, as a liquidity provider for the company’s shares listed on the Abu Dhabi Securities Exchange (ADX). Under …
Abu Dhabi – Mubasher: Sirius Digitech, a joint venture (JV) between the Adani Group and Sirius International Holding, a subsidiary of International Holding Company (IHC), has signed binding agreements for the acquisition of Coredge.io, a …
Abu Dhabi – Mubasher: Enersol, a joint-venture (JV) between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 51% equity stake in NTS AMEGA for $58 million. The NTS acquisition aligns with Enersol’s strategy to become a …
Riyadh – Mubasher: AMNCO Facility Management Company, a subsidiary of Batic Investments and Logistics Company’s unit Arabian Security and Safety Services Company (AMNCO), was awarded and signed a contract worth more than SAR 40 million with the …
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) posted a consolidated net profit of AED 285.36 million in the first half (H1) of 2024, up from AED 255.12 million in the comparative period a year earlier. Interest income surged to AED …
Dubai – Mubasher: Shuaa Capital turned to a consolidated net loss of AED 94.73 million during the first quarter (Q1) of 2024, versus a net profit of AED 19.66 million in the same quarter a year earlier. Revenues dropped to AED 30.18 million in …
Abu Dhabi – Mubasher: ADNOC Gas has awarded two contracts worth $550 million to expand the UAE's natural gas pipeline network through the ESTIDAMA project. The engineering, procurement, and construction (EPC) deals were granted to NMDC Energy, a …
Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …
Abu Dhabi – Mubasher: Aldar Properties has signed a strategic agreement with DP World to fund and develop a 1.55 million square feet (144,000 square meters) Grade A logistics park at National Industries Park (NIP) in Dubai’s Jebel Ali. This …
Abu Dhabi – Mubasher: The board of Multiply Group approved the resignation of Andre Sayegh from his position as the Chairman of the company due to personal reasons and professional commitments. Sayegh’s resignation became effective on 9 July 2024, …
Dubai – Mubasher: Emaar Properties delivered resilient performance and operational efficiency across its various businesses during the first quarter (Q1) of 2024, according to a press release. Emaar Development saw a remarkable 30% growth in sales …
Dubai – Mubasher: Air Arabia has launched its newest route connecting Sharjah and Vienna, the capital of Austria, according to a press release. Set to operate on 20 December 2024, the new service will run with a frequency of four non-stop weekly …
Abu Dhabi – Mubasher: The Emirates of Ras Al Khaimah has increased its stake in RAK Properties to reach 34.16% following the Securities and Commodities Authority’s (SCA) approval. This equity raise comes upon the March annual general meeting (AGM) …
Abu Dhabi – Mubasher: The general assembly meeting of Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) approved, on 9 July 2024, the conditional cash offer from Indian manufacturer UltraTech Cement Middle East …
Abu Dhabi – Mubasher: The board members of Al Seer Marine Supplies & Equipment have elected Readh Faraj Ahmed Alkindi as the Chairman of the board, upon a resolution in their 9 July 2024 meeting. Meanwhile, General Jasem Yousef Yaqoob Almansoori …
Cairo – Mubasher: The Egyptian Exchange (EGX) has completed the transfer of the ownership of around 427.71 million shares in Elsewedy Electric Company to Two Point Zero Group, a subsidiary of International Holding Company (IHC), for EGP 21.20 …
Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) secured a Sharia facility amounting to SAR 70 million from Emirates NBD on 8 July 2024. The Saudi company obtained the loan for one year to finance its operations, …
Abu Dhabi – Mubasher: Agthia Group opened a new protein manufacturing facility at the Industrial City 1 in Jeddah, Saudi Arabia, according to a press release. This strategic investment aligns with Agthia's commitment to Saudi Vision 2030 to …
Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …
