Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) along with NextDecade Corporation announced, on 13 June 2024, that their subsidiaries have executed a non-binding Heads of Agreement (HoA) for the Rio Grande LNG Facility in the US. The deal is …
Mubasher: Switzerland-based NUOS AG is expected to establish a headquarters (HQ) in Abu Dhabi as a regional hub, which will boost the emirate's strategic location and resources for more growth in Europe, North America, and the MENA market. NUOS …
Mubasher: Dubai-based Seafood Souq has secured an exclusive alliance with Newsan Food, an Argentinan seafood supplier, to pave the way for direct Argentinian seafood exports to the GCC region and beyond, according to a press release. The UAE …
Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) closed Thursday’s trading session in the green zone, with the EGX30 main index up 1.09% to 26,417.60 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Thursday’s trading session lower by 1.31% at 11,498.93 points. TASI’s trading value stood at SAR 11.01 billion through the exchange of 403.32 million shares. …
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of two companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Al Fakhera Men’s Tailoring Company intends to list 16.67% of its …
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved cash dividends worth SAR 362.56 million, representing 5% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 0.50 …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Thursday’s trading session higher by 0.93 points (0.02%) at 3,980.11 points. A total of 129.25 million shares were exchanged during the session at a value of AED 211.96 million. …
Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …
Cairo – Mubasher: Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed an EGP 160 million contract with El-Mobadara Association to finance sustainable agricultural projects and livelihoods. Bassel Rahmy, CEO of …
Cairo – Mubasher: The standalone net profits after tax of Egyptian Chemical Industries (Kima) reached EGP 102.28 million in the first nine months (9M) of fiscal year (FY) 2023/2024. The recorded net profits were lower by 90% year-on-year (YoY) …
Riyadh – Mubasher: Sure Global Tech Company obtained a SAR 45 million loan, on 12 June 2024, from Banque Saudi Fransi, according to a bourse disclosure. The sharia-compliant deal, which holds a tenor for one year, is secured by a promissory note …
Cairo – Mubasher: The Egyptian Minister of Planning and Economic Development Hala El-Said has held a meeting with Minister of Labour Hassan Shehata to discuss the implementation of the recent increase in minimum wage. El-Said reiterated the …
Cairo – Mubasher: The Financial Supervisory Authority (FRA) of Emaar Misr for Development approved the company’s request to raise its issued capital by EGP 3.19 billion. The EGX-listed firm will acquire Albro North Coast for Developments and …
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has announced that it will sponsor and participate in the International District Energy Association (IDEA) 2024 Annual Conference in Orlando. Taking place from 17 to 20 June, …
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has won a contract by ADNOC for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG project. ADNOC awarded the contract to …
Riyadh – Mubasher: Al Hammadi Holding completed the sale of vacant land in Al Rayyan district at a value of SAR 124.60 million on 12 June 2024. The book value of the land stands at SAR 69.33 million as previously announced in April, according to a …
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA which serves as the digital arm of Dubai Electricity and Water Authority (DEWA), partnered with SAP, a global leader in enterprise software solutions, to integrate SAP's Business AI …
Abu Dhabi – Mubasher: AD Ports Group has signed a definitive concession agreement with Egypt's Red Sea Ports Authority (RSPA) to invest $4.70 million over 15 years to develop and operate three cruise terminals in the Red Sea region. The agreement …
Abu Dhabi – Mubasher: e& has launched a new contact and customer experience centre in Riyadh. The new facility is planned to create 1,500 jobs, according to a press release. The centre is outfitted with state-of-the-art communication technologies, …
Riyadh – Mubasher: The shareholders of Modern Mills for Food Products Company greenlighted SAR 81.83 million, equivalent to 100% of the share capital, for 2023. The firm will pay out a dividend of SAR 1 per share on 7 July 2024, according to a …
Riyadh – Mubasher: The board members of Middle East Paper Company (MEPCO) accepted the resignation of Sami Ali Al Safran as the company’s CEO. Jan Renders, a current board member, took over as an acting CEO of MEPCO on 13 June, according to a …
Riyadh – Mubasher: Jahez International Company for Information System Technology purchased real estate in Riyadh at a value of SAR 150 million, according to a bourse statement. Located in Almohammadiyah district in Riyadh, the land has a …
Cairo – Mubasher: Egyptian debt market is gaining back its lure after the recent reforms in the economy and the increase in interest rates and the devaluation of the currency, according to an analysis by Financial Times. Egypt's local bonds have …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at an aggregated value of EGP 50 billion through two offerings on Thursday, 13 June. The first auctions stood at EGP 30 billion and will mature in 91 days on 17 …
