Stocks News

Mubasher: Fitch Ratings affirmed the long- and short-term Issuer Default Ratings (IDR) rating of GFH Financial Group at ‘B’,  with the outlook on the long-term IDR remaining stable. Fitch has also maintained the senior unsecured long-term rating …

Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …

Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …

Abu Dhabi – Mubasher: Presight AI Holding and Esyasoft formed a new joint venture (JV) named IntelliGrid during the Baku Energy Week in Azerbaijan, according to a press release. This strategic partnership will deploy smart gas grids, enhanced …

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …

UAE – Mubasher: Khalifa Economic Zones Abu Dhabi (KEZAD Group), a subsidiary of AD Ports Group, has signed a 50-year lease agreement with NMDC Energy, a subsidiary of the National Marine Dredging Company (NMDC), to construct a factory in Abu …

Abu Dhabi – Mubasher: RAK Ceramics completed the acquisition of RAK Porcelain, making it a wholly-owned subsidiary, according to a bourse statement. The transaction, which was announced on 3 June, aligns with the ADX-listed company’s commitment to …

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Manazel greenlighted a capital hike to AED 3.12 billion from AED 2.60 billion, according to a press release. The ADX-listed firm will issue bonus shares amounting to AED 500 million at a …

Dubai – Mubasher: Emaar Properties has unveiled AED 1.50 billion investment to expand Dubai Mall, according to a press release. Dubai Mall will include 240 new stores and food and beverage outlets, offering innovative experiences while meeting …

Abu Dhabi – Mubasher: Burjeel Holdings has signed a framework agreement to establish a joint venture (JV) AL KALMA with Keralty S.A.S, a Colombia-based multinational health organization. The alliance plans to develop and operate an integrated …

Abu Dhabi – Mubasher: AD Ports Group signed a joint deal with Adani International Port Holding Pte Limited, a wholly owned subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ), and East Harbour Terminals Limited. The entities will …

Abu Dhabi – Mubasher: Abu Dhabi Aviation Company has named Mohammed Saeed Al Remeithi as the CEO, effective from 1 June 2024, according to a bourse disclosure. Al Remeithi has experience in aviation with a proven track record in strategic …

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) penned a deal to acquire Navig8 TopCo Holdings Incorporation to boost its global expansion strategy, according to a press release. ADNOC L&S will acquire an 80% stake in Navig8 for $1.04 …

Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) announced that its subsidiary won a contract with a joint venture (JV)comprising the National Petroleum Company (NPCC) and SAIPEM in the UAE. MESC - Ras AlKhaimah UAE will supply a …

Dubai – Mubasher: The accumulated losses of Dubai Islamic Insurance and Reinsurance Company (Aman) reached AED 149.44 million in the first quarter (Q1) of 2024. The incurred accumulated losses represent 66.20% of the company’s paid-up capital, …

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, achieved a 108% year-on-year (YoY) jump in net profit to EGP 9.90 billion during the first quarter (Q1) of 2024. FABMISR said it …

Dubai – Mubasher: Moody's Ratings has upgraded the long-term issuer rating of Dubai Electricity and Water Authority (DEWA) from ‘Baa2’ to ‘A3’, with stable outlook. Moody’s attributed the rating to DEWA's dominant market position in Dubai's power …

Abu Dhabi – Mubasher: Pure Health Holding has reported AED 1 billion on local procurement to promote the National ICV Programme since the first quarter (Q1) of 2023, according to a press release. The programme aligns with the UAE’s national …

Cairo – Mubasher: The consolidated net profits after tax and minority interest of CI Capital Holding for Financial Investments hiked by 194% to EGP 939.46 million in the first quarter (Q1) of 2024 from EGP 319.65 million a year earlier. The …

Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …

Dubai – Mubasher: Dubai Taxi Company has signed a strategic partnership agreement with Talabat to provide transportation and delivery solutions to the latter’s customers, according to a press release. The collaboration aligns with the DFM-listed …

Riyadh – Mubasher: Elm Company is set to participate in the second edition of Africa’s large technology and startup event, GITEX Africa 2024. During the event, Elm will showcase its latest innovative solutions in various fields, including modular …

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) partnered with Gracia Group to launch the agritech platform, according to a press release. The platform is a full-fledged digital ecosystem created to transform the agricultural …