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2 December 02:43 PM ADQ, TAQA ink agreement to explore energy opportunities in Kazakhstan
Abu Dhabi – Mubasher: ADQ and Abu Dhabi National Energy Company (TAQA) have entered into a long-term strategic agreement with Samruk-Kazyna, a sovereign wealth fund, to explore opportunities in the energy sector in Kazakhstan. Under the …
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1 December 05:29 PM Mastercard, Meta - Facebook team up to empower SMEs digitisation in region
Mubasher: Mastercard will be collaborating with Meta, formerly known as Facebook, to endorse the digitisation and growth of small and medium enterprises (SMEs) in the Middle East and Africa (MEA), according to a press release on Wednesday. Both …
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1 December 01:03 PM Saudi Arabia's 1st Future Minerals Summit to kick off next month
Riyadh – Mubasher: Saudi Arabia will debut its first-ever Future Minerals Summit during 11-13 January 2022 in the capital Riyadh, the Ministry of Industry and Mineral Resources announced on Wednesday. A ministerial roundtable before the summit …
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30 November 05:49 PM IsDB’s ICIEC signs agreement with Japan's NEXI to boost trade relations
Mubasher: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has partnered with Japan-based Nippon Export and Investment Insurance (NEXI), the Export Credit Agency (ECA) of Japan, through a memorandum of …
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30 November 05:01 PM UAE registers 65 new COVID-19 cases
UAE – Mubasher: The UAE Ministry of Health and Prevention recorded 65 additional COVID-19 infections on Tuesday, state-run agency WAM reported. There was one fatality as well as 77 more recoveries, the ministry added. The new figures increased the …
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30 November 04:58 PM GFH acquires $200m medical offices in US
Mubasher: GFH Financial Group has purchased a portfolio of medical offices in the US in exchange for around $200 million, as part of the company's plan to build a portfolio of stabilised assets. With 11 assets, the medical portfolio spreads across …
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30 November 03:10 PM No cases of Omicron variant detected in Egypt – Official
Cairo – Mubasher: Egypt has not registered any cases of the Omicron variant until the current times, Acting Minister of Health, Khaled Abdel Ghaffar, who is the Minister of Higher Education and Scientific Research, stated on Tuesday. Abdel Ghaffar …
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30 November 02:56 PM UAE stock markets close Tuesday in green zone
UAE - Mubasher: The UAE stock markets have ended Tuesday's trading session in the green zone. The benchmark index of the Dubai Financial Market (DFM) inched up 0.42% to end Tuesday's trading session at 3,072.91 points. A total of 365.496 million …
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30 November 02:22 PM Kuwait’s NAS, Global Jet Technic partner to provide services at UAE airports
Mubasher: Kuwait-based National Aviation Services (NAS) has teamed up with Global Jet Technic to provide comprehensive maintenance services to airlines operating at Dubai and Sharjah airports in the UAE. The Kuwaiti entity will offer its line …
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30 November 11:51 AM Mubadala considers investing in Singapore's Princeton Digital Group
UAE – Mubasher: Mubadala Investment Company (Mubadala) is studying investing in Singapore-based data centre provider Princeton Digital Group (PDG), sources told Bloomberg. The sources added that this potential investment is part …
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30 November 09:10 AM ADNOC to supply customers in Asia full crude volumes in February
UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) will provide term customers in Asia full volumes of all crude grades for the third month in a row in February, two sources told Reuters. This announcement was made before OPEC+'s …
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29 November 04:46 PM UAE's Edfundo opens $1.5m funding round
UAE - Mubasher: Edfundo, a teacher-curated smart money management app due to be launched in the UAE in 2022, seeks to secure $1.5 million in a seed funding round, expected to be closed in the first quarter (Q1) of 2022. This funding round was …
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29 November 03:46 PM Al Futtaim Trading introduces first Volvo electric car in region
Mubasher:  Al Futtaim’s Trading Enterprises, the distributor of Volvo Cars in the UAE, has launched its first fully electric car in the region, the XC40 BEV. Equipped with sustainable materials to cut its environmental impact, the electric car is …
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29 November 03:03 PM UAE stock markets end Monday in green zone
UAE - Mubasher: The UAE stock markets have closed Monday's trading session in the green zone. The benchmark index of the Dubai Financial Market (DFM) rose by 1.78% to settle at 3,059.94 points by the end of Monday's session. A total of 384.199 …
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29 November 12:22 PM Response Plus Holding acquires Health Tech for AED 10m
Abu Dhabi - Mubasher: Response Plus Holding has acquired the UAE-based Health Tech Training in exchange for AED 9.8 million, as part of the company's plan to include all aspects of healthcare services. The acquisition will enable Response Plus …
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29 November 10:27 AM UAE decreases fuel prices for December
UAE – Mubasher: The UAE's Fuel Price Follow-up Committee has announced a decrease in the fuel prices for December, ENOC said on its official Twitter account. The price of 98 Super gasoline will decline to AED 2.77 per litre in December from AED …
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29 November 09:38 AM IHC's Multiply Group to be listed on ADX main market
Abu Dhabi – Mubasher: Multiply Group, a subsidiary of International Holdings Company (IHC), will be listed on the main market of the Abu Dhabi Securities Exchange (ADX), effective 5 December 2021. With AED 8.16 billion assets, the investment …
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28 November 06:34 PM Nexus endorses UAE economy through launch of Nexus Mortgage Brokers
UAE – Mubasher: The GCC-based financial advisor Nexus Group has launched a fully licensed mortgage entity, dubbed Nexus Mortgage Brokers, to enhance Nexus’s core insurance and financial advisory business. The new financial arm aims to capitalise …
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28 November 03:43 PM Amazon partners with ADIO to establish advanced fulfillment centre
UAE - Mubasher: Amazon has partnered with the Abu Dhabi Investment Office (ADIO) to set up the region's most technologically advanced fulfillment centre in Abu Dhabi, the Abu Dhabi media office reported. The centre is in line with Amazon's …
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28 November 02:54 PM UAE stock markets close Sunday on negative note
UAE - Mubasher: The UAE stock markets have ended Sunday's trading session in the red zone. The benchmark index of the Dubai Financial Market (DFM) declined by 5.17% to close Sunday's trading session at 3,006.47 points. A total of 521.885 million …
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28 November 02:17 PM Kuwait’s C.bank, CMA initiate campaign on crypto assets
Mubasher: The Central Bank of Kuwait (CBK) has collaborated with the Capital Markets Authority (CMA) to launch a joint financial literacy campaign on investing or dealing in crypto assets in the state, according to a press release on Sunday. …
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28 November 01:22 PM UAE records 60 new COVID-19 cases
UAE - Mubasher: The UAE Ministry of Health announced on Sunday 60 new coronavirus (COVID-19) cases to raise the total number of cases to 741,918. The ministry conducted 284,985 COVID-19 tests to detect further cases. The total number of recovered …
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28 November 10:06 AM Maple Invest acquires 15.6% of Damac's share capital
Dubai – Mubasher: Maple Invest Co has acquired 15.6% of the issued and paid-up share capital in Damac Properties during the offer period by purchasing 943.9 million shares in Damac at a price of AED 1.4 per share. Damac has received from Maple …
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28 November 09:38 AM Julphar logs AED 183m accumulated losses
Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) has incurred accumulated losses of AED 183.1 million as of the third quarter (Q3) of 2021, representing 16% of the capital. The losses are driven by the temporary suspension of export …
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25 November 06:38 PM Chalhoub Greenhouse partners with Instagram to boost Saudi fashion startups
 Mubasher: Chalhoub Greenhouse, Chalhoub Group’s space for innovation and entrepreneurship, has collaborated with Instagram, to empower startups in Saudi Arabia by providing the upcoming fashion businesses with training, guidance, and support to …