Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) unveiled that the cost of adding a sixth line to produce glass containers amounts to SAR 48.60 million. The new project aims to have an annual production capacity of nearly …
Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) skyrocketed 392.61% year-on-year (YoY) to SAR 108.72 million in the first quarter (Q1) of 2024 from SAR 22.07 million. Revenues soared 385.13% YoY to SAR 122.98 million …
Cairo – Mubasher: The Egyptian Exchange (EGX) indices ended Tuesday with mixed performance after achieving outstanding performance in the first session after Eid El-Fitr holiday. The EGX30 main index declined by 0.73% to close at 29,400.84 points. …
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 …
Riyadh – Mubasher: All indices of the Saudi Exchange (Tadawul) closed in the red territory on Tuesday. The main market’s All Share Index (TASI) closed 207.91 points, or 1.64%, lower to stand at 12,500.43 points. The turnover stood at SAR 10.22 …
Riyadh – Mubasher: ACWA Power Company received an equity bridge loan from the Bank of China at a value of $80 million to finance its Tashkent 200MW Solar PV and 500MWh BESS in Uzbekistan. The equity bridge loan consists of two tranches, 50% in RMB …
Cairo – Mubasher: Egypt's merchandise exports rose by 5.3% year-on-year (YoY) to $9.61 billion in the first quarter (Q1) of 2024 from $9.12 billion in the same quarter of 2023. Leading destinations for Egyptian exports included Turkey ($874 …
Riyadh – Mubasher: Automechanika Riyadh, Saudi leading trade show for the automotive aftermarket, is set to take place at the Riyadh International Convention and Exhibition Center (RICEC) from 30 April to 2 May 2024. The Kingdom’s aftersales in …
Riyadh – Mubasher: Ladun Investment Company’s board approved signing a SAR 573 million credit facility agreement with Al Rajhi Bank. The loan will be used to finance the company and its subsidiary Built Industrial, according to a bourse filing. …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 59.47 points (1.40%) on Tuesday and ended the trading session at 4,184.31 points. DFM’s turnover amounted to AED 499.85 million through the exchange of 214.32 million shares. …
Riyadh – Mubasher: The board of Al Moammar Information Systems Company (MIS) recommended a dividend distribution policy for the years 2024, 2025, and 2026. The policy will be submitted for the shareholders’ approval at the next general assembly …
UAE – Mubasher: Dubai International (DXB) has topped the 2023 list of top 10 busiest airports worldwide. The latest achievement marks DXB’s tenth year of leading the list, which is put by the Airports Council International (ACI), according to a …
UAE – Mubasher: The inaugural edition of the Global AI Show and the Global Blockchain Show is kicking off on 16 and 17 April 2024 at the Grand Hyatt, Dubai. Organised by VAP Group, the Global AI Show hosts international and regional thought …
Mubasher: Bold Routes, an Egypt-based brokerage company for real estate, has launched its tenth branch in Dubai, marking its first regional office, according to a press release. Abdel Rahman Badr, CEO of Bold Routes, highlighted that the company’s …
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) and Saudi Telecom Company (stc) penned an agreement valued at SAR 139.95 million. The deal covers the renewal of VMware licenses and providing maintenance and …
Riyadh – Mubasher: Lana Medical Company announced the award of a medical and infectious waste transportation service project at King Faisal Specialist Hospital and Research Center. The project’s value amounts to SAR 1.22 million, according to a …
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 …
Riyadh – Mubasher: Al Jouf Cement Company announced the start of the liquidation procedures of Eastern Industrial Company, an affiliate firm. Al Jouf currently holds a 10% stake in the company, with total investments amounting to SAR 136 million, …
UAE – Mubasher: Microsoft has announced investing $1.50 billion in G42, a UAE-based artificial intelligence (AI) technology holding company. The partnership will help transfer Microsoft AI technologies to the UAE and other countries, according to …
Cairo – Mubasher: MM Group for Industry and International Trade received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures. The group plans to raise its authorised capital to EGP 936.58 million …
Cairo – Mubasher: Faisal Islamic Bank of Egypt reported a 179.80% year-on-year (YoY) surge in the standalone net profit to EGP 6 billion during the first quarter (Q1) of 2024 from EGP 2.14 billion in the similar quarter a year earlier. Total …
Riyadh – Mubasher: The estimated net profits of United Electronics Company (eXtra) surged by 11.15% year-on-year (YoY) to SAR 93.86 million in the first quarter (Q1) of 2024 from SAR 84.44 million. The company’s revenues hit SAR 1.58 billion in …
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bonds (T-bonds) at a value of EGP 500 million on Tuesday, 16 April 2024, through one tranche. The offering holds a tenor of five years until 16 April 2029, according to official …
UAE – Mubasher: The UAE is dependent on gas imports for power plants and water desalination plants in line with its objectives to become self-sufficient in gas supply by 2030. GlobalData, a leading data and analytics company, pointed out that …
UAE – Mubasher: The second edition of the Green Hydrogen Summit will take place in the UAE capital on 16 April 2024, as part of the World Future Energy Summit (WFES), and it will be hosted by Abu Dhabi Future Energy Company (Masdar) under the …
