Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Japan-based JERA Company announced the financial closing of Najim Cogeneration Company Limited, according to a press release. The joint venture (JV) is a new industrial steam and …
Abu Dhabi – Mubasher: Network International joined forces with Invest Bank to boost Network’s digital payment services to the bank’s corporate customers, according to a press release. The collaboration will enable Invest Bank to expand the …
Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …
Dubai – Mubasher: Tecom Group completed the acquisition of new commercial and industrial assets as part of an AED 1.70 billion strategic plan that was announced in May 2024, according to a press release. This aligns with the group’s announcement …
Abu Dhabi – Mubasher: Phoenix Group has collaborated with Tether, the largest company in the digital asset industry, to launch a stablecoin pegged to the UAE Dirham, according to a press release. Backed by Green Acorn Investments Limited, this …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, unveiled its financial results for the first half (H1) 2024, logging net profits of EGP 15.80 billion. The lender highlighted robust …
Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) has inaugurated its first branch in Qatar, located in the city of Doha. This branch, which is the 73rd for the company, covers an area of 1,392 square …
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) joined forces with Bitpanda Technology Solutions, a leading digital assets infrastructure provider, to secure a platform that will enable UAE residents to smoothly manage digital …
Abu Dhabi – Mubasher: The net losses of Gulf Pharmaceutical Industries (Julphar) retreated to AED 2.40 million in the first half (H1) of 2024 from AED 45.70 million in H1-23. The revenues from contracts with customers stood at AED 883.10 million …
Abu Dhabi – Mubasher: Noatum of AD Ports Group has acquired a majority stake in Safina B.V., a leading provider of maritime agency and cargo services in Egypt. The deal is expected to close in the third quarter (Q3) of 2024, according to a press …
Dubai – Mubasher: Gulf Navigation Holding (GNH) shifted to net losses valued at AED 24.69 million in the first half (H1) of 2024, versus net profits of AED 27.78 million in H1-23. Revenue shrank to AED 37.46 million in H1-24 from AED 64.87 million …
Abu Dhabi - Mubasher: Bayanat AI and Al Yah Satellite Communications Company (Yahsat) launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit. The two companies partnered with ICEYE to carry out the launch …
Abu Dhabi – Mubasher: The net losses attributable to the owners of Manazel declined to AED 59.89 million in the first half (H1) of 2024 from AED 60.08 million in H1-23. The revenues amounted to AED 48.24 million in H1-24, down year-on-year …
Dubai – Mubasher: The net profits of Amanat Holdings dropped by 8% to AED 89.11 million in the first half (H1) of 2024 from AED 96.44 million in H1-23. The revenues stood at AED 433.39 million in H1-24, up 17% year-on-year (YoY) from AED 369.40 …
Dubai – Mubasher: Shuaa Capital shifted to net losses valued at AED 125.61 million in the first half (H1) of 2024, against net profits of AED 9.01 million in H1-23. Total revenues dropped year-on-year (YoY) to AED 50.11 million in January-June …
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) generated AED 20.53 million in net profit during the first half (H1) of 2024, marking an annual hike of 67% from AED 12.26 million. Takaful revenues declined year-on-year (YoY) to AED …
Dubai – Mubasher: The net losses of Al Firdous Holding dropped to AED 170,910 in the first quarter (Q1) of fiscal year (FY) 2024/2025 from AED 186,980 in Q1-23/24. Loss per share amounted to AED 0.0002 as of 30 June 2024, down year-on-year (YoY) …
Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Gulf Medical Projects Company (GMPC) rose to AED 36.61 million in the first half (H1) of 2024 from AED 27.44 million in H1-23. The revenues amounted to AED 331.21 million in …
Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company turned profitable at AED 9.63 million in the first half (H1) of 2024, versus net losses of AED 5.85 million in H1-23. Revenue hiked to AED 337.92 million in the first six …
Abu Dhabi – Mubasher: Agility Global, a multi-business operator with a global footprint in over 70 countries, has achieved a net profit of $60.30 million in the first half (H1) of 2024. The semi-annual results marked a 2,156% jump from $2.70 …
Mubasher: The net profits of Ithmaar Holding, which is listed on Bahrain Bourse as well, increased to $18.48 million in the first half (H1) of 2024 from $4.35 million in H1-23. The company posted a total income amounting to $473.97 million in …
Abu Dhabi – Mubasher The net profits of Abu Dhabi National Energy Company (TAQA) plummeted to AED 4.59 billion in the first half (H1) of 2024 from AED 13.66 billion in H1-23. The revenues stood at AED 27.17 billion in H1-24, up 2% year-on-year …
Abu Dhabi – Mubasher: The net profits of Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) hit AED 19.48 million in the first half (H1) of 2024. The recorded net profits were higher year-on-year (YoY) than AED …
Abu Dhabi – Mubasher: Waha Capital has successfully refinanced its $400 million revolving credit facility with the support of four local and regional banks, according to a press release. The new facility, which holds a three-year tenor, can be …
Abu Dhabi – Mubasher: RAK Ceramics generated AED 113.91 million in net profit during the first half (H1) of 2024, marking an annual drop of 26.60% from AED 155.19 million. The revenues decreased by 11.20% year-on-year (YoY) to AED 1.55 billion in …
