Mubasher: Switzerland-based NUOS AG is expected to establish a headquarters (HQ) in Abu Dhabi as a regional hub, which will boost the emirate's strategic location and resources for more growth in Europe, North America, and the MENA market. NUOS …
Mubasher: Dubai-based Seafood Souq has secured an exclusive alliance with Newsan Food, an Argentinan seafood supplier, to pave the way for direct Argentinian seafood exports to the GCC region and beyond, according to a press release. The UAE …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Thursday’s trading session higher by 0.93 points (0.02%) at 3,980.11 points. A total of 129.25 million shares were exchanged during the session at a value of AED 211.96 million. …
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has announced that it will sponsor and participate in the International District Energy Association (IDEA) 2024 Annual Conference in Orlando. Taking place from 17 to 20 June, …
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has won a contract by ADNOC for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG project. ADNOC awarded the contract to …
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA which serves as the digital arm of Dubai Electricity and Water Authority (DEWA), partnered with SAP, a global leader in enterprise software solutions, to integrate SAP's Business AI …
Abu Dhabi – Mubasher: AD Ports Group has signed a definitive concession agreement with Egypt's Red Sea Ports Authority (RSPA) to invest $4.70 million over 15 years to develop and operate three cruise terminals in the Red Sea region. The agreement …
Abu Dhabi – Mubasher: e& has launched a new contact and customer experience centre in Riyadh. The new facility is planned to create 1,500 jobs, according to a press release. The centre is outfitted with state-of-the-art communication technologies, …
UAE – Mubasher: The Central Bank of the UAE (CBUAE) has maintained the base rate for the overnight deposit facility (ODF) at 5.40%. The CBUAE has kept the interest rate for borrowing short-term liquidity at 0.50% above the base rate for all …
UAE- Mubasher: Nasdaq-listed Altair, a global leader in computational intelligence, has established a new office in Dubai, according to a press release. The new location, which is situated in one of Dubai's free-trade zones, expands Altair's …
Mubasher: The US Federal Reserve (Fed) left interest rates unchanged, signalling it will not pull back until seeing sustained progress lowering inflation from multi-decade highs. The Federal Open Market Committee (FOMC) has maintained the target …
Dubai – Mubasher: Mohamed Abdulrahman Amiri resigned from his position as the Vice Chairman of Gulf Navigation Holding (GNH). Abdulrahman Mahmoud Al Afifi will succeed Amiri, according to a bourse disclosure. The board accepted the resignation …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session lower by 29.75 points (0.74%) at 3,979.18 points. A total of 275.58 million shares were exchanged during the session at a value of AED 348.81 million. …
UAE- Mubasher: Emirates NBD has partnered with Citi to introduce a new USD cross-border clearing service in the Middle East. Emirates NBD will be the first bank to utilise Citi’s 24/7 USD Clearing service, offering round-the-clock cross-border …
Abu Dhabi – Mubasher: Omorfia Group, a beauty anchor majority owned by Multiply Group, has fully acquired the Grooming Company Holding (TGCH), a provider of salon and beauty services in the UAE. Omorfia closed the deal with CedarBridge Capital …
Cairo – Mubasher: DP World plans to invest $80 million to establish a new logistics park with an area of 300,000 square metres in Ain Sokhna, according to a press release. The first phase will be completed by the end of 2024, forming a part of an …
Cairo – Mubasher: The Egyptian Exchange (EGX) has launched the Shariah-complaint index, EGX33. The index comprises 33 meticulously selected companies whose activities adhere to the principles of Islamic Shariah, according to a press release. These …
Abu Dhabi – Mubasher: Presight AI Holding elected, on 10 June, Sultan Ahmed Al Jaber as the Chairman of the board. Mansoor Al Mansoori was also announced as the Vice Chairman, according to a bourse disclosure. Al Jaber is the UAE’s special envoy …
UAE – Mubasher: Luxury retailer Etoile Group has opened 11 new stores across the GCC region, expanding its portfolio of fashion brands. The openings included outlets under the company's Etoile La Boutique label as well as global luxury names …
UAE – Mubasher: UAE-based tech firm Polynome Group unveiled plans to raise a $100 million fund for AI startups, aiming to boost the country's AI ecosystem. The fund will invest in seed to growth-stage companies working on technologies, software, …
Abu Dhabi – Mubasher: Invest Bank’s CEO Ahmed Mohamed Fawzi Abu Eideh has resigned effective 11 June 2024. The bank’s board assigned the CEO role to a member of the senior management for an interim period, according to a bourse filing. The board …
UAE – Mubasher: The UAE Cabinet approved 2,160 new housing decisions for citizens valued at AED 1.68 billion, according to the Emirates News Agency (WAM). These decisions aim to achieve social stability in line with the UAE's ongoing policies to …
Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, has selected Maysan Faisal Almaskati as CEO for the company and its two subsidiaries; Ithmaar Bank and IB Capital. Before assuming the new position, Almaskati served as Ithmaar …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Tuesday’s trading session lower by 35.41 points (0.89%) at 4,008.93 points. A total of 254.47 million shares were exchanged during the session at a value of AED 312.92 million. …
Cairo – Mubasher: Egypt’s Mineral Resources Authority (MRA), East Gas Company, and IMEX International have signed an agreement to establish a company that will increase the value of low-concentration phosphate ores. Minister of Petroleum and …
