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 …
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has launched its smart app on Apple Vision Pro glasses, becoming the first utility to offer its services through this technology that combines augmented and virtual reality. DEWA …
Dubai – Mubasher: Union Properties recorded robust asset sales and cash flow generation during the first quarter (Q1) of 2024, according to a press release. During the three-month period that ended on 31 March 2024, the company successfully closed …
Mubasher: Ekttitab Holding incurred accumulated losses valued at KWD 20.95 million at the end of the fourth quarter (Q4) of 2023, according to a bourse disclosure. The registered accumulated losses, which represent 65.76% of the paid-up capital, …
Dubai – Mubasher: Drake & Scull International’s (DSI) general assembly has approved a restructuring plan. The restructuring plan will apply to 4 entities; Drake & Scull International PJSC, Drake & Scull International LLC, Drake & Scull Engineering …
Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has invested $450 million in the US real estate sector between the fourth quarter (Q4) of 2023 and Q1-24. In the Medical Clinics sector, GFH Partners has a portfolio of assets …
Abu Dhabi - Mubasher: Invictus Investment Company has completed the acquisition of a 60% stake in Graderco and its subsidiaries from Zalar Holding, according to a press release. The transaction was implemented after obtaining all necessary …
UAE – Mubasher: Dubai Land Department (DLD) has signed a partnership agreement with nine developers to bolster the Dubai Real Estate Programme. The agreement was signed with Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi …