Dubai – Mubasher: The general assembly of Dubai Electricity and Water Authority (DEWA) has approved the disbursement of AED 3.10 billion, or 6.20 fils per share, for the second half (H2) of 2023. The dividends are set to be paid to eligible …
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Japan’s energy giant JERA signed a power and steam purchase agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP) to develop a greenfield industrial steam …
Abu Dhabi – Mubasher: The general assembly meeting of RAK Ceramics approved cash dividends amounting to AED 99.37 million, equivalent to 10 fils per share, for the second half (H2) of 2023. The UAE-based company highlighted that the full-year …
Dubai – Mubasher: Watania International Holding has incurred accumulated losses valued at AED 45.90 million as of 31 December 2023, representing 17.67% of the capital, according to a bourse disclosure. The company reported an exceptional loss of …
Abu Dhabi – Mubasher: The United Arab Bank (UAB) registered AED 255.30 million in net profit during 2023, higher than AED 154.72 million in 2022. Total interest income and income from Islamic financing products hit AED 921.61 million last year, up …
Abu Dhabi – Mubasher: The shareholders of Waha Capital approved the distribution of a cash dividend of 10 fils per share, on 26 March 2024, for 2023. The dividend includes a 1.50 fils per share special dividend, according to a press release. At …
Dubai – Mubasher: Fitch Ratings asserted Ajman Bank's long-term issuer default rating (IDR) at 'BBB+', with a stable outlook and viability rating (VR) at 'b+', according to a press release. Mustafa Al Khalfawi, Group CEO of Ajman Bank, said: "We …
UAE – Mubasher: Mubadala Investment Company has acquired a 100% stake in KELIX bio, a leading emerging markets biopharmaceuticals platform. The sold stake represents the full ownership of Development Partners International (DPI), an investment …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked an affiliate partnership agreement to provide financing to Tesla car buyers at affordable profit rates starting at 1.79%. Through ADIB’s electrical car financing programme VOLT, the lender …
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) approved the distribution of AED 256.50 million as cash dividends for 2023, according to a press release. Following the annual general meeting, the company is set to pay AED 0.45 …
Abu Dhabi – Mubasher: E7 Group inked three security solutions contracts at a total value of AED 12.90 million to expand its network in the UAE and Middle East, according to a press release. The one-year agreements cover the manufacture and supply …
Dubai – Mubasher: Dubai Investments Real Estate (DIR), the real estate arm of Dubai Investments, has launched an AED 300 million residential project in Dubai’s Jumeirah Village Circle (JVC). Named Violet Tower, the residential project features a …
Mubasher: The consolidated net profit after tax and directors’ remuneration of National Industries Group Holding (NIG) surged to KWD 46.77 million in 2023 from SAR 33.92 million a year earlier. Revenues from sales and contracts with customers …
Cairo – Mubasher: The board members of Macro Group Pharmaceuticals - Macro Capital agreed to renew short-term financing from First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB. The board greenlighted the EGP 65 million …
Mubasher: BKN301 Group launched its BKN301 banking-as-a-service (BaaS) Orchestrator solution to reshape the financial landscape in the MENA region, according to a press release. The platform aims to enable businesses of all sizes, particularly …
Mubasher: GFH Financial Group’s annual general meeting (AGM) has elected a new board of directors for the next three years, according to a bourse filing. The new board include Hisham Ahmad Alrayes, Ali Murad Ali, Darwish Abdulla AlKetbi, Ghazi …
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) reappointed Malek Al Malek as the Chairman for the board’s new term. The board members announced, on 21 March 2024, Ahmed Julfar as the Vice Chairman, according to a bourse …
Mubasher: GFH Financial Group has appointed Zayed Alzayani as board Chairman of its subsidiary Roebuck, a London-headquartered Pan-European real estate logistics investor and asset manager. Alzayani has four decades of experience spanning senior …
Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company elected Sultan Ahmed Al Jaber as the Chairperson of the company. Abdulmunim Saif Alkindi was elected as the Vice Chairperson of the board of directors, according to a bourse …
Abu Dhabi – Mubasher: AD Ports Group signed a purchase agreement with Inveco LLC to acquire a 60% stake in the Tbilisi Dry Port, a new custom-bonded and rail-connected intermodal logistics hub in Georgia. The ADX-listed group will initially invest …
UAE – Mubasher: Abu Dhabi Securities Exchange (ADX) partnered with Eureeca, a global investment platform with a presence in Europe, to expand access to global investors to initial public offerings (IPOs) ADX and Eureeca will build on the …
UAE – Mubasher: AI-driven platform Coupa, headquartered in the US, has opened its first data centre in the Middle East in collaboration with the Amazon Web Services (AWS) team in Dubai. The new AWS data centre aims to enhance data security for …
Riyadh – Mubasher: The Dubai-based AstroLabs has announced the launch of Cash My Stock in Saudi Arabia to transform the B2B e-commerce landscape in the Kingdom through its digital trading platform. The platform of Inoovate Holding LTD’s …
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) plunged by 13.76 points (0.32%) at the end of Thursday’s session, reaching 4,277.61 points. A total of 429.26 million shares were exchanged at a turnover of AED 900.15 …
UAE – Mubasher: Gulf Business Machines (GBM), a digital solutions provider, has extended its strategic partnership with Lenovo. The partnership will expand to include the sale and support of the groundbreaking Lenovo TruScale IaaS (infrastructure …