Mubasher TV
Contact Us Advertising   العربية

UAE news

Photo Archive
3 March 03:55 PM Bank of Sharjah leads $750m bond issuance
Abu Dhabi – Mubasher: Bank of Sharjah acted as a joint lead manager and book-runner in the issuance of a $750 million bond for the Government of Sharjah. The listed lender issued the 12-year U.S. dollar-denominated 144A/Reg S senior unsecured …
Photo Gallery
3 March 03:24 PM Borouge opens new offices in Kenya, South Korea to widen global footprint
Abu Dhabi – Mubasher: Borouge has established new offices in Kenya and South Korea in line with its strategic plans to expand its market share in high-growth geographies, according to a press release. Besides its sales and marketing office in …
Photo Archive
3 March 02:42 PM ADNOC acquires 25% equity ownership in global energy group OMV
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has officially closed the acquisition of a 24.90% shareholding in Austria-based OMV AG OMV AG from Mubadala Investment Company. The transaction aligns with ADNOC’s global chemicals …
Photo Gallery
3 March 12:44 PM ADIB to pay AED 2.5bn cash dividends for 2023
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) obtained the approval of its general assembly to disburse cash dividends of AED 2.59 billion for 2023, according to a press release. ADIB will pay out a dividend of 71 fils per share, marking an …
Photo Archive
3 March 11:21 AM Agthia raises stake in Egypt-based Auf Group to 70%
Abu Dhabi – Mubasher: Agthia Group has completed the acquisition of an additional 10% shareholding in Egypt-based healthy snacks and coffee manufacturer and retailer Auf Group. Through this transaction, the ADX-listed group increased its equity …
Photo Archive
3 March 10:22 AM e& bolsters connectivity in 16 countries via $6bn investments
Abu Dhabi – Mubasher: e& announced plans to invest $6 billion between 2024-2026 in technological advancement, infrastructure development, and innovative digital solutions to boost connectivity. The listed group made this commitment to the …
Photo Archive
29 February 06:08 PM FAB’s unit in Egypt records 131% leap in 2023 profits
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a business of the UAE listed FAB operating in Egypt, achieved a 131% year-on-year (YoY) jump in net profit to EGP 10.40 billion in 2023, according to the financial statements. The net loans …
Photo Archive
29 February 02:29 PM DFM, ADX close Thursday with varied note
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 18.39 points (0.42%) on Thursday and ended the trading session at 4,308.77 points. The turnover amounted to AED 553.36 million through the exchange of 219.96 million shares. …
Photo Gallery
29 February 01:33 PM UAE’s COTU Ventures launches $54m fund to back early-stage startups
UAE – Mubasher: Dubai-based early-stage venture capital (VC) firm COTU Ventures has launched a $54 million inaugural fund to support startups in the Middle East. The fund plans to back startups from inception to post-production launch with …
Photo Archive
29 February 12:22 PM Abu Dhabi National Hotels unveils dividends, bonus shares for 2023
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi National Hotels approved the board’s proposal to pay AED 240 million as cash dividends for 2023. The company will disburse 20% cash dividends, equivalent to AED 0.02 per share, according to a …
Photo Archive
29 February 11:48 AM ACWA Power announces 2023 financials, dividends; capital raise, SAR 3.4bn project unveiled
Riyadh – Mubasher: ACWA Power Company posted an annual growth of 7.90% in net profit to SAR 1.66 billion as of 31 December 2023, compared to SAR 1.54 billion. Revenues jumped by 15.52% to SAR 6.09 billion in 2023 from SAR 5.27 billion a year …
Photo Archive
29 February 10:48 AM Naeem Holding’s accumulated losses near 28% of capital
Mubasher: Naeem Holding for Investment incurred accumulated losses valued at $60.01 million at the end of the fourth quarter (Q4) of 2023, according to a bourse disclosure.   The registered losses, which account for 27.73% of the paid-up capital, …
Photo Gallery
29 February 09:51 AM SNB Capital launches $230m fund via Dubai-based unit
Riyadh – Mubasher: Saudi investment bank and asset manager SNB Capital launched SNBC Capital Oil & Gas Fund I, which was established by SNB Capital’s Dubai-based subsidiary, SNB Capital (DIFC) Limited. The newly created fund aims to provide …
Photo Archive
28 February 02:31 PM UAE stock markets end Wednesday mixed
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Wednesday’s trading session higher by 17.83 points (0.41%) at 4,290.38 points. DFM’s trading value reached AED 408.68 million through the exchange of 348.04 million shares. …
Photo Archive
28 February 01:51 PM Burjeel Holdings enters new partnership to enhance airport healthcare services
Abu Dhabi – Mubasher: Burjeel Holdings penned a deal with Abu Dhabi Airports to improve and streamline healthcare for passengers at Zayed International Airport, according to a press release. Under the partnership, the listed company will leverage …
Photo Gallery
28 February 12:40 PM Mubadala Capital seeks more global expansion with South Korea’s Woori Venture Partners
UAE – Mubasher: Mubadala Capital, the wholly-owned asset management subsidiary of Mubadala Investment Company, signed a memorandum of understanding (MoU) with South Korea’s Woori Venture Partners, a wholly-owned subsidiary of Woori Financial …
Photo Archive
28 February 12:20 PM DIB’s annual assembly nods to AED 3.2bn dividends
Dubai – Mubasher: The annual general meeting (AGM) of Dubai Islamic Bank (DIB) greenlighted a 45% cash dividend aggregating to an amount of around AED 3.25 billion. DIB witnessed financial growth during 2023, as total income surged by 43% to AED …
GTN expands commodities offering for digital investing in physical gold and silver
28 February 10:10 AM GTN expands commodities offering for digital investing in physical gold and silver
Mubasher: GTN, a global fintech redefining investing and trading for all, is pleased to announce the addition of precious metals to its extensive asset class coverage, easing digital retail investing in physical gold and silver. GTN’s new offering …
Photo Archive
28 February 09:57 AM Q Holding takes over ADNEC; rebranding unveiled
Abu Dhabi – Mubasher: Q Holding acquired more than 100% of the share capital for Abu Dhabi National Exhibitions Company (ADNEC), according to a press release. The ADX-listed firm reinforced its position in Abu Dhabi’s real estate market by …
Photo Gallery
27 February 04:55 PM MAPEI Group acquires Saudi Bitumat to expand presence in Middle East
 Mubasher: MAPEI Group, a leading Italian manufacturer of chemical products for use in the building industry, acquired a 100% stake in Saudi Arabia-based Bitumat. The acquisition aligns with the group’s expansion plans to strengthen its presence …
Photo Gallery
27 February 04:18 PM Parkin intends to float 25% of shares on DFM
Dubai – Mubasher: Parkin Company announced plans to proceed with an initial public offering (IPO) to list its ordinary shares on the Dubai Financial Market (DFM). Parkin, the largest provider of paid parking facilities and services in Dubai, …
Photo Archive
27 February 03:02 PM Mashreq concludes $88m facility deal for Agrobank
Dubai – Mubasher: Mashreq Bank has closed a $88 million facility for joint-stock commercial bank Agrobank, according to a press release. The one-year syndicated term loan was initially launched at $50 million and closed at $88 million due to the …
Photo Archive
27 February 02:28 PM DFM, ADX collectively rise on Tuesday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 49.30 points (1.16%) on Tuesday and ended the trading session higher at 4,272.55 points. DFM’s trading value stood at AED 707.37 million through the exchange of 245.51 million …
Photo Gallery
27 February 02:02 PM Hayi secures funding rounds to expand footprint in UAE
UAE - Mubasher: Hayi, a private social network for neighbourhoods in the UAE, has successfully raised an undisclosed amount in the seed round from Plus VC, according to a press release. The platform will use the raised capital to expand its …
Photo Gallery
27 February 11:31 AM Multiply reinforces media portfolio via acquisition of BackLite
Abu Dhabi – Mubasher: Multiply Group has fully acquired BackLite Media, a premier Digital Out-of-Home (DOOH) advertising firm, to expand its footprint in the burgeoning Out-of-home (OOH) advertising space. BackLite Media has assets in key …