Abu Dhabi – Mubasher: E7 Group penned multiple new contracts to provide security solutions and commercial printing services across the MEA region. The agreements align with the group’s strategy to boost global expansion and profitable growth, …
Dubai – Mubasher: Dubai Investments has disbursed 12.50% cash dividends to the shareholders for the financial year that ended on 31 December 2023, according to a press release. The shareholders greenlighted the cash dividends during the 28th …
Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) has completed the acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company, according to a press release. The transaction will enable ADNIC to become one of …
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) and ACWA Power Company have announced the financial closing of an AED 3.37 billion seawater reverse osmosis (RO) desalination project in Hassyan. With a capacity of 180 million …
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) posted an unaudited consolidated net profit after tax of AED 175.73 million in the first quarter (Q1) of 2024, up from AED 139.15 million in the comparative quarter a year earlier. …
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) incurred accumulated losses valued at AED 143.21 million at the end of the fourth quarter (Q4) of 2023. The registered accumulated losses account for 63.44% of the company’s …
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi National Takaful Company passed the board’s proposal to distribute cash dividends worth AED 31.50 million, which accounts for 30% of paid-up capital. Takaful will disburse 31,50 fils per share on …
Cairo – Mubasher: Beltone Venture Capital, a subsidiary of Beltone Holding, penned a deal with CI Venture Capital, a wholly-owned unit of Abu Dhabi-based Citadel International Holdings, to manage a $30 million fund. The fund, which began deploying …
Abu Dhabi – Mubasher: The general assembly of Abu Dhabi Aviation Company approved cash dividends valued at AED 111.19 million for 2023, according to a bourse disclosure. The shareholders greenlighted cash dividends, which represent 20% of the …
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) signed a memorandum of understanding (MoU) with Expereo to extend its reach to global enterprises, according to a press release. The partnership will enable the DFM-listed …
Abu Dhabi – Mubasher: Alpha Dhabi Holding entered into a strategic partnership with Abu Dhabi-based investment and holding company ADQ to sell a 49% stake in its subsidiary Alpha Dhabi Construction Holding (ADCH). Under the agreement, the …
Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services, partnered with Al Etihad Payments (AEP), a unit of the Central Bank of the UAE (CBUAE), to boost seamless payments. The two entities will utilise Aani, an instant …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) announced that one of its subsidiaries has signed an agreement to acquire 70% of the stake of Overseas Development company in a subsidiary based in the UAE. The deal was …
Mubasher: GFH Financial Group announced plans to acquire the financing and investment portfolios of Ithmaar Holding, according to a bourse disclosure. GFH highlighted that discussions are in progress to finalise the transaction structure, which is …
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has saved a total of AED 505 million by applying a new approach to digital services. In addition to cutting 41,470 tonnes of carbon emissions, the Services 360 approach increased the …
Cairo – Mubasher: Air Arabia Egypt, a subsidiary of Air Arabia, commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen International Airport in Istanbul. The newly added route will link both cities with a frequency …
Cairo – Mubasher: Egypt led the Middle East as the most represented country in the Forbes ranking list of the region’s top companies in the financial technology (fintech) sector. The 13 Egyptian companies represented in the list include Fawry for …
Dubai – Mubasher: Union Coop posted a profit before directors` remuneration and community responsibility expenses of AED 316.89 million in 2023, down from AED 388.61 million a year earlier. Income from sales of goods declined to AED 1.77 billion …
Abu Dhabi – Mubasher: Aldar Properties and Dubai South will team up to develop Grade A logistics facilities at Dubai South’s Logistics District, according to a press release. The Grade A logistics facility, spanning nearly 23,000 square metres of …
Abu Dhabi – Mubasher: Global rating agency Moody's has upgraded the Baseline Credit Assessment (BCA) and Adjusted BCA of Abu Dhabi Islamic Bank (ADIB) to 'baa3' from 'ba1'. Moody's affirmed ADIB’s local and foreign currency long-term issuer …
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) announced a record increase of 54% in the volume of consumption of its district cooling services over the past five years. The use of district cooling services jumped 16% …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) and Microsoft teamed up to develop new AI-based banking capabilities and bolster financial services, according to a press release. The two entities will partner to launch an AI Innovation Hub that …
Abu Dhabi - Mubasher: EasyLease, a subsidiary of the International Holding Company (IHC), has acquired a 60% stake in United Trans, a rail and transportation technology solutions provider. EasyLease seeks to establish synergies between both …
Dubai – Mubasher: The annual general meeting (AGM) of Salik Company greenlighted the distribution of AED 550.03 million as cash dividends for the second half (H2) of 2023. The company will pay a cash dividend of 7.33 fils per share, representing …
