Stocks News

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …

Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …

Abu Dhabi – Mubasher: Bayanat AI has formed a strategic partnership with Oxa, an Oxford-headquartered pioneer in autonomous vehicle (AV) technology, to advance the development and deployment of autonomous vehicle solutions in the UAE and beyond. …

Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …

Riyadh – Mubasher: Dell Technologies and Saudi Arabian Oil Company (Aramco) have sealed a memorandum of understanding (MoU) under which the oil giant will explore new opportunities in emerging technologies with the US Dell, according to a press …

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 …

UAE- Mubasher: Emirates NBD has partnered with Citi to introduce a new USD cross-border clearing service in the Middle East. Emirates NBD will be the first bank to utilise Citi’s 24/7 USD Clearing service, offering round-the-clock cross-border …

Abu Dhabi – Mubasher: Omorfia Group, a beauty anchor majority owned by Multiply Group, has fully acquired the Grooming Company Holding (TGCH), a provider of salon and beauty services in the UAE. Omorfia closed the deal with CedarBridge Capital …

Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …

Abu Dhabi – Mubasher: Burjeel Holdings has signed a framework agreement to establish a joint venture (JV) AL KALMA with Keralty S.A.S, a Colombia-based multinational health organization. The alliance plans to develop and operate an integrated …

Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …

Riyadh – Mubasher: Elm Company is set to participate in the second edition of Africa’s large technology and startup event, GITEX Africa 2024. During the event, Elm will showcase its latest innovative solutions in various fields, including modular …

Abu Dhabi – Mubasher: Big data analytics company Presight AI Holding, a subsidiary of UAE's G42, has signed a memorandum of understanding (MoU) with Dell Technologies to accelerate digital transformation and innovation across various sectors in …

Riyadh – Mubasher: Egypt’s hybrid national airline Air Cairo has partnered with the Saudi travel company Almosafer, a subsidiary of Seera Group Holding, to become the exclusive general sales agent (GSA) of Air Cairo in Saudi Arabia, according to a …

Mubasher: The net profits attributable to the shareholders of National Mobile Telecommunications Company (Ooredoo) reached QAR 912.93 million in the first quarter (Q1) of 2024. The generated net profits were lower by 5% year-on-year (YoY) than QAR …

Dubai– Mubasher: Dubai Financial Market (DFM) has launched ARENA, an innovative platform for initial private offerings. ARENA by DFM will support the growth of companies and investors in the Middle East and North Africa (MENA) region through …

Dubai – Mubasher: BHM Capital Financial Services has launched the Fixed Income Division to enhance its position in local as well as regional financial markets, according to a press release. With more than 75 years of collective experience, the …

Riyadh – Mubasher: The Public Investment Fund (PIF) inked a sale and purchase agreement (SPA) with Saudi Telecom Company (stc), on 21 April 2024, for a stake acquisition in TAWAL.  The Saudi fund unveiled plans to own 51% shareholding in TAWAL, …

Riyadh – Mubasher: ACWA Power Company teamed up with the International Renewable Energy Agency (IRENA) to back the global transition to renewable energy sources, according to a press release. The agreement with IRENA aligns with ACWA Power's …

Abu Dhabi – Mubasher: E7 Group penned multiple new contracts to provide security solutions and commercial printing services across the MEA region. The agreements align with the group’s strategy to boost global expansion and profitable growth, …

Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …

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 …