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26 March 11:56 AM E7 Group boosts security solutions in Middle East
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 …
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25 March 11:04 AM GFH’s shareholders elect new board, ratify dividends
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 …
Zayed Alzayani, Chairman of Roebuck
24 March 02:52 PM GFH names Alzayani as Chairman of London-based Roebuck
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 …
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19 March 01:25 PM Global energy transition efforts face hard realities – Aramco’s CEO
Riyadh – Mubasher: The global energy transition strategy has not succeeded in many aspects due to five hard realities that should be considered to adjust its path, stated Amin Nasser, President & CEO of Saudi Arabian Oil Company (Aramco). These …
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18 March 02:01 PM Ooredoo, e& team up to evolve submarine network in Middle East
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
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14 March 03:30 PM Ithmaar Holding’s CEO Taleb resigns
Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, has announced the resignation of its CEO, Abdulla Abdulaziz Taleb, according to a bourse filing. Taleb, who will officially leave the company on 14 April 2024, also resigned …
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11 March 01:27 PM TAWAL unveils new technology for private 5G network at LEAP 2024
Riyadh – Mubasher: TAWAL, an information and communications technology (ICT) infrastructure subsidiary of Saudi Telecom Company (stc), has announced a new technical system for private 5G networks at LEAP 2024. TAWAL joined forces with MOBiSENSE to …
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10 March 01:53 PM GFH leads Cenomi Centers’ $500m sukuk offering
Mubasher: GFH Financial Group has acted as the joint lead managers and bookrunners for the issuance of a $500 million sukuk by Arabian Centres Company (Cenomi Centers), according to a press release. The five-year offering registered a total order …
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10 March 09:49 AM stc, US-based nile announce JV to boost NaaS service at LEAP 2024
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …
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7 March 06:46 PM FAB forges extensive global partnership with Mastercard
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
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7 March 04:55 PM Elm pens 3 MoUs at LEAP 2024 to boost tourism, healthcare in Saudi Arabia
Riyadh – Mubasher: Digital Solution Provider Elm Company has signed a memorandum of understanding with the Saudi Red Sea Authority (SRSA), the organiser and enabler of coastal tourism in the kingdom, to provide online services. The MoU also …
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6 March 01:57 PM GFH to sell Khaleeji Bank's AT1 Certificates for $75m
Mubasher: GFH Financial Group has signed an agreement with Southern Star Investments WLL to sell a portion of its ownership in the Khaleeji Bank’s Additional Tier 1 (AT1) Certificates. The transaction was concluded at a nominal value of $74.96 …
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5 March 07:57 PM Saudi listed Elm reveals comprehensive digital solutions, products at LEAP 2024
Riyadh – Mubasher: Digital solutions provider Elm Copmany is showcasing some its innovative products and solutions at the third edition of the LEAP conference, which is running in the capital of Saudi Arabia until 7 March 2024, according to a …
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5 March 04:14 PM Zain KSA launches Zain Clinic at LEAP2024
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) entered into a strategic partnership agreement with Altibbi, a remote medical consultation platform that directly connects patients to physicians. Under the collaboration, …
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5 March 01:11 PM Aramco unveils AI model aramcoMETABRAIN at LEAP 2024
Riyadh – Mubasher: The President and CEO of Saudi Arabian Oil Company (Aramco), Amin Nasser, unveiled the company’s new large language AI model, aramcoMETABRAIN, according to a press release. During his speech on the Digital Leadership in the …
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21 February 08:36 PM SCMF 2024 marks launch of Single Stock Options contracts on SNB
Riyadh – Mubasher: The third edition of the Saudi Capital Market Forum (SCMF) has witnessed the successful rollout of Single Stock Options (SSOs) contracts on the Saudi National Bank (SNB). The debut of SSOs on the SNB is expected to empower both …
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19 February 10:49 AM GFH hires SNB Capital to manage cross-listing on Tadawul
Mubasher: GFH Financial Group signed a financial advisory service agreement with SNB Capital, a subsidiary of the Saudi National Bank (SNB), to manage the GFH’s application for cross-listing on the Saudi Exchange (Tadawul). The cross-listing will …
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18 February 02:11 PM Dual-listed Ithmaar Holding turns profitable in 2023, unveils accumulated losses
Mubasher: Ithmaar Holding, which is listed on both Dubai Financial Market (DFM) and Bahrain Bourse, shifted to net profits worth $13.35 million in 2023 from net losses of $20.96 million in 2022. Meanwhile, the company reported $9.31 million worth …
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14 February 03:31 PM GFH’s profits exceed $105m in 2023; dividends proposed
Mubasher: GFH Financial Group posted 7.69% higher consolidated net profits at $105.23 million in 2023, compared to $97.71 million in 2022, according to a press release. Earnings per share (EPS) hit $2.95 as of 31 December 2023, up 11.32% …
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1 February 05:23 PM Aramco maintains MSC, not to hit 13 MMBD upon gov’t directives
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has received a directive from the Ministry of Energy to maintain its maximum sustainable capacity (MSC) and not to continue increasing it to 13 million barrels per day (MMBD). Based on the …
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1 February 11:21 AM solutions’ unit secures EGP 2.8bn financing deal led by ADIB Egypt
Riyadh – Mubasher: Giza Systems, a subsidiary of Arabian Internet and Telecommunication Services Company (solutions), obtained banking facilities valued at EGP 2.82 billion ($84 billion) on 31 January 2024. Giza Systems and its unit VAS secured …
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23 January 06:04 PM SPIMACO teams up with Recbio for recombinant HPV-9 vaccine
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) inked a term sheet with Jiangsu Recbio Technology Company Limited for the licensing, supply, and technology transfer of Recombinant Human …
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21 January 01:53 PM stc tops ME telecom sector as most valuable brand with $13.9bn – Report
Riyadh – Mubasher: Saudi Telecom Company (stc) has maintained its top spot as the highest valuable brand in the telecom sector across the Middle East with $13.90 billion, according to Brand Finance Global 500 report for 2024. stc was the strongest …
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18 January 01:50 PM Emirates Steel Arkan signs $2bn contract with Bahrain Steel
Abu Dhabi – Mubasher: Emirates Steel Arkan inked a five-year iron ore pellets supply contract with a global leader in high-grade iron-ore pellets (IOP) Bahrain Steel Company at nearly $2 billion. The two entities will join forces to back the iron …
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10 January 12:16 PM Odys Aviation, Aramex to foster cargo operations in GCC
Dubai – Mubasher: Odys Aviation, a sustainable aviation firm building hybrid-electric vertical take-off and landing (VTOL) aircraft, has partnered with Aramex to develop cargo operations in the UAE and Oman. The two parties will create autonomous …