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The National Bank of Ras Al Khaimah (RAKBANK)
23 March 07:39 PM RAKBANK sells business line to global entity Network
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed a disposal of a business line to Network International to realize value for the bank and its shareholders, according to a bourse disclosure. RAKBANK sold its …
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23 March 07:16 PM Dual-listed Orascom Construction to develop wind farm in Egypt under BOO model
Abu Dhabi – Mubasher: Orascom Construction, dual listed on the Egyptian Exchange (EGX), has signed in a consortium with Aeolus and ENGIE a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to carry out a wind …
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23 March 06:44 PM Borouge announces major shareholder following acquisition of ADNOC, Borealis equities
Abu Dhabi – Mubasher: Borouge has issued a notification of change in ownership after Borouge Group International AG completed the acquisition of the majority stake by owning 90% of the company’s share capital. Towards the formation of Borouge …
ADNOC Gas
23 March 06:12 PM ADNOC Gas issues update in response to shipping disruption in the Strait of Hormuz
Abu Dhabi – Mubasher: ADNOC Gas has separately made temporary operational adjustments to production of liquefied natural gas (LNG) and export traded liquids in response to the ongoing shipping disruption in the Strait of Hormuz, according to a …
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23 March 05:05 PM Al Mal Capital REIT unveils further details on H2-25 dividends
Dubai - Mubasher: The cash dividends previously announced by Al Mal Capital REIT for the second half (H2) of 2025 reflect an annualized return of 7.5% to the unitholders of the fund, according to a bourse filing. Al Mal Capital REIT will be paying …
Borouge 4 Project
22 March 02:52 PM Borouge says asset usage agreement would deliver AED 1.5bn cumulative net profit
Abu Dhabi – Mubasher: Borouge has entered into an agreement through its wholly owned subsidiary Abu Dhabi Polymers with the owners of Borouge 4 LLC based on the statements released by ADNOC and OMV on 19 March 2026. The agreement will enable …
Union Insurance
19 March 03:55 PM Union Insurance’s shareholders approve AED 20m bonus shares, 4% dividends for 2025
Abu Dhabi - Mubasher: The annual general meeting of Union Insurance Company approved the distribution of bonus shares totaling AED 20 million, bringing the company’s capital to AED 250 million. This decision aims to boost the company’s capital …
Jazeera Airways
19 March 11:26 AM Jazeera Airways restores Kuwait–India connectivity under Vande Bharat
Mubasher: Jazeera Airways has relaunched flights to six Indian cities from Kuwait via Qaisumah Airport (AQI) in Hafar Al Batin under the Vande Bharat project, according to a press release. This marks the first travel connection between Kuwait and …
SAL Project at King Khalid International Airport in Riyadh
19 March 03:57 AM Elsewedy Electric’s subsidiary leads expansion of SAL project at Riyadh airport
Cairo – Mubasher: Rowad Modern Engineering, a subsiaidry of the Egyptian company Elsewedy Electric, has commenced the development and expansion project for the facilities of Saudi Logistics Services Company (SAL) at King Khalid International …
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19 March 03:28 AM Modon’s unit partners with Presight to deploy advanced AI solutions
Abu Dhabi – Mubasher: ADNEC Group, a subsidiary of Modon Holding, has signed a memorandum of understanding (MoU) with big data analytics company Presight AI Holding to deploy advanced AI solutions within ADNEC’s event venues. The initiative is …
Jazeera Airways Establishes Strong Kuwait–Egypt Connectivity
19 March 03:05 AM Jazeera Airways enhances Kuwait–Egypt route during current regional situation
Mubasher: Jazeera Airways has strengthened connectivity between Kuwait and Egypt to support essential travel during the current regional situation and local airport closures, according to a press release. The Kuwaiti airline operates flights to …
Crescent Petroleum
19 March 01:49 AM Crescent Petroleum transfers shareholding in Dana Gas
Abu Dhabi – Mubasher: Dana Gas stated that CP Upstream Holding (DG) Limited’s ownership percentage has reached 20%, based on the records received from the Abu Dhabi Securities Exchange (ADX). This announcement was made as Crescent Petroleum …
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18 March 10:05 AM Presight unveils 1st AI fund investments via AI Innovation Ecosystem
Abu Dhabi - Mubasher: Presight AI Holding announced the first six AI companies selected to receive investment through its AI Innovation Ecosystem, according to a press release. The investments are part of the Presight–Shorooq Fund I (PSFI), a $100 …
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18 March 10:04 AM Asas Makeen pens SAR 63m villas development deal in Riyadh
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company inked a SAR 63.08 million real estate development agreement with Awa'id Al-Hada Company to develop a residential villas project in Al-Hada district, Riyadh. Asas Makeen …
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18 March 09:56 AM SIIG, Unibio to develop world's largest single-cell protein plant in Saudi Arabia
Riyadh - Mubasher: The Saudi Industrial Investment Group (SIIG) and Unibio International PLC inked a SAR 1.40 billion deal to establish the world’s largest single-cell protein plant in Jubail Industrial City. SIIG will hold an 80% stake in the …
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18 March 09:43 AM Jazeera Airways resumes flights to UAE via Qaisumah Airport
Mubasher: Jazeera Airways will resume daily flights between Kuwait and Al Ain starting 18 March via Qaisumah Airport, as part of efforts to maintain connectivity amid ongoing disruptions at Kuwait International Airport. The route marks the first …
Construction Progress at DIR's Danah Bay Project
18 March 03:57 AM Dubai Investments says projects progressing in line with planned schedules
Dubai – Mubasher: Dubai Investments, through its wholly owned subsidiary Dubai Investments Real Estate (DIR), continues to advance construction activity across its real estate portfolio. The listed property developer stated that projects are …
BHM Capital
18 March 03:41 AM Regional liquidity provider BHM Capital launches market making operations in Bahrain
Dubai – Mubasher: BHM Capital has officially commenced its market making operations on Bahrain Bourse (BHB), reinforcing its position as a regional liquidity provider. The launch of these operations on BHB follows the successful completion of all …
ADNH Catering
18 March 03:29 AM ADNH Catering unveils changes in CEO position
Abu Dhabi – Mubasher: ADNH Catering has announced that Clive William Cowley will be stepping down as CEO effective 31 March 2026 after serving in this position for more than five years, according to a bourse disclosure. Meanwhile, Cowley will …
Abu Dhabi Aviation
18 March 02:50 AM Abu Dhabi Aviation appoints Al Mulla as Chairman; shareholders elect new board
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Aviation have elected a new board of directors for a new term until 2029, during the annual general meeting on 12 March 2026. The board, subsequently convened on 17 March, appointed Mansour Al …
Al Mal Capital REIT (AMCREIT)
17 March 03:41 PM Al Mal Capital REIT announces AED 26m dividends for H2-25
Dubai - Mubasher: Al Mal Capital REIT (AMCREIT), a subsidiary of Dubai Investments, unveiled a dividend of 3.75 fils per unit for the second half (H2) of 2025. The total distribution amounts to AED 26.29 million, higher than AED 19.27 million in …
Cambridge Health
17 March 02:03 PM Cambridge Health completes 100% takeover of Saudi Sukoon International
Dubai - Mubasher: Cambridge Health Group, a subsidiary of Amanat Holdings, has completed the acquisition of the remaining minority interest in Sukoon International Holding Company, a Saudi Arabia-based provider of acute extended care, …
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17 March 01:17 PM Drake & Scull logs lower profits in 2025; accumulated losses hit AED 1.6bn
Dubai - Mubasher: The consolidated net profits of Drake & Scull International reached AED 47.09 million in 2025, which reflected a year-on-year (YoY) plunge from AED 3.75 billion. The basic loss per share totaled AED 0.02 at the end of 2025, …
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17 March 12:13 PM Aramex launches 1st regional healthcare hub in Dubai South Free Zone
Dubai - Mubasher: Aramex has opened its first regional healthcare and pharmaceutical hub in the Dubai South Free Zone, certified by the UAE Ministry of Health and Prevention, expanding its capabilities in the life sciences and medical supply chain …
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16 March 01:32 PM Awqaf Abu Dhabi, MAIR Group partner on AED 200 million development projects
Abu Dhabi - Mubasher: The Endowments and Minors’ Funds Authority (Awqaf Abu Dhabi) has signed a memorandum of understanding (MoU) with MAIR Group to develop AED 200 million worth of projects on endowed land. The initiative backs the ‘Mother of the …