KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
09 December 04:04 AM

Top News

Photo Archive
7 December 08:30 PM Union Insurance unveils accumulated losses as of end-September 2023
Abu Dhabi – Mubasher: The accumulated losses of Union Insurance Company have reached AED 166.62 million as of 30 September 2023, according to a bourse filing. The amount of Union Insurance’s accumulated losses represents 50.34% of its capital. The …
Financial Results
Photo Archive
7 December 07:42 PM Abu Dhabi National Hotels announces equity acquisition in MFive Services
Abu Dhabi – Mubasher: Abu Dhabi National Hotels Company has acquired 50% stake in MFive Cleaning Services LCC (MFive Services), according to a bourse disclosure. Abu Dhabi National Hotels noted that MFive Services is a company registered in the …
Mergers and Acquisitions
Photo Archive
7 December 04:46 PM UAE stock markets decline collectively on Thursday
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) fell by 12.91 points (0.32%) at the end of Thursday’s session, reaching 3,956.26 points. A total of 218.59 million shares were exchanged at a value of AED 510.18 million. Emaar …
Trading Activities
Photo Archive
7 December 02:59 PM BHM Capital chosen as liquidity provider for newly listed Dubai Taxi
Dubai – Mubasher: UAE-based financial institution BHM Capital Financial Services has been appointed as a liquidity provider for Dubai Taxi Company, which has commenced the trading of its shares on Dubai Financial Market (DFM) on 7 December 2023. …
Trading Activities
Photo Gallery
7 December 12:36 PM Travellers through Kuwait International Airport now offered multi-currency ATM by KIB
Mubasher: The listed Kuwait International Bank (KIB) has installed a new multi-currency ATM at the Kuwait International Airport to offer a smoother and more integrated experience for its customers without the need to visit any of the KIB’s …
Global Economy
Photo Archive
5 December 06:02 PM FAB joins forces with ENGIE at COP28 to enhance decarbonisation solutions
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has teamed up with French energy multinational ENGIE by signing a memorandum of understanding (MoU) agreement during the 28th UN Climate Change Conference of the Parties (COP28) to advance their …
Event
Photo Archive
5 December 05:04 PM DFM’s carbon credits pilot platform debuts at COP28 as trading commences; listed entities take part
Dubai – Mubasher: The carbon credits trading pilot programme by Dubai Financial Market (DFM) was launched on 5 December 2023, where institutional investors will be able to buy and sell until 11 December. Making its debut at the 28th UN Climate …
Banking and Finance
Photo Gallery
5 December 03:14 PM Abu Dhabi introduces Hub71+ ClimateTech for startups worldwide; listed entities involved
UAE – Mubasher: Abu Dhabi’s global tech ecosystem Hub71 has launched Hub71+ ClimateTech as a specialist ecosystem dedicated to endorsing and helping startups across the globe, according to a press release. Meanwhile, the Abu Dhabi National Oil …
Companies Investments
Photo Gallery
5 December 01:25 PM APICORP unveils new identity, up to $1bn plans to boost decarbonisation technologies
Mubasher: The Arab Petroleum Investments Corporation (APICORP) is rebranding as The Arab Energy Fund as part of its visionary 2023-2028 strategy to serve the redesigned business approach, which is focused on long-term growth and impact, according …
Event
Photo Archive
6 December 04:23 PM Masdar to develop green hydrogen plant in Jordan
UAE – Mubasher: Masdar, known as Abu Dhabi Future Energy Company, signed a joint development deal with the Jordanian Ministry of Energy and Mineral Resources to develop a green hydrogen plant. The two parties will join forces to create a 1 …
Companies Investments
Photo Archive
6 December 03:53 PM UAE’s FAB commits AED 500bn as largest sustainable financing by MENA bank
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) announced plans to lend, invest, and facilitate more than AED 500 billion ($135 billion) in sustainable and transition financing by 2030. The target marks an 80% increase compared with FAB’s 2021 …
Global Economy
Photo Archive
6 December 02:40 PM UAE stock markets close Wednesday in red zone
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 9.03 points (0.22%) on Wednesday and ended the trading session lower at 3,969.17 points. DFM's turnover reached AED 229.87 million through the exchange of 92.14 million shares. …
Trading Activities
Photo Archive
6 December 01:48 PM e& secures 1st green loan agreement at AED 366m
Abu Dhabi – Mubasher: e&, formerly known as Etisalat Group, has signed its first green loan agreement with a consortium of banks at a total value of AED 366 million (nearly $100 million). The financing aligns with the UAE group’s commitment to …
Banking and Finance
Photo Archive
6 December 11:20 AM EasyLease boosts regional footprint via majority stake in Fully Charged
Abu Dhabi - Mubasher: EasyLease Motorcycle Rental has acquired 60% of Fully Charged, one of the leading companies in the manufacture, supply, and installation of chargers for various types of electric vehicles (EV). The ADX-listed company …
Companies Investments
Photo Gallery
6 December 09:49 AM Ooredoo inks $2.2bn joint deal for MENA’s largest tower firm
Mubasher: National Mobile Telecommunications Company (Ooredoo), Mobile Telecommunications Company (Zain Group), and TASC Towers Holding joined forces to create the largest tower firm in the MENA region. Under a cash and share deal, the joint tower …
Companies Investments
Photo Gallery
4 December 03:21 PM M42, Siemens to drive energy efficiency in UAE’s health sector
UAE – Mubasher: Abu Dhabi-based tech-enabled health firm M42 partnered with Siemens to boost energy efficiency across the UAE healthcare sector, according to a press release. The two parties will join forces to develop a roadmap to digitalise …
Companies Investments
Photo Gallery
4 December 02:22 PM UAE’s Presight inks agreements to boost digital transformation in Kazakhstan
Abu Dhabi – Mubasher: Presight AI Holding and the Kazakh Sovereign Wealth Fund (Samruk-Kazyna) developed a joint venture (JV) to accelerate digital transformation in Kazakhstan, according to a press release. The new entity will deploy Presight’s …
Companies Investments
Photo Archive
4 December 01:33 PM Saudi PIF acquires minority stake in Rocco Forte Hotels
Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has entered into a definitive agreement to acquire a minority stake in Rocco Forte Hotels, according to a press release. Under the agreement, the Italian entity CDPE Investimenti (CDPEI) …
Global Economy
Photo Archive
4 December 09:48 AM Moody’s affirms RAKBANK ‘Baa1/ P-2’ rating; outlook stable
Abu Dhabi – Mubasher: Moody's Investor Service has reaffirmed the ‘Baa1/ P-2’ rating to the National Bank of Ras Al Khaimah (RAKBANK), with a stable outlook. The obligations rated Baa are subject to moderate credit risk, according to a bourse …
Ratings
Photo Gallery
3 December 04:49 PM UAE’s AD Ports, Kazakhstan Railways team up for joint logistics hub
Abu Dhabi – Mubasher: AD Ports Group has signed an agreement with Kazakhstan Temir Zholy (Kazakhstan Railways) to form a joint venture (JV), according to a press release. The JV will enhance rail connectivity and maritime shipping services in …
Companies Investments
Photo Gallery
3 December 03:46 PM PureHealth unveils IPO for ADX listing
Abu Dhabi – Mubasher: PureHealth Holding set the final offer for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) at AED 3.26 per share, according to a press release. The company plans to list 1.11 billion shares, …
Companies Investments
Photo Gallery
3 December 12:26 PM Masdar embarks on EUR 11bn offshore wind projects in UK
UAE – Mubasher: Masdar, known as Abu Dhabi Future Energy Company, has joined an EUR 11 billion investment into the UK’s renewable energy sector, according to a press release. The UAE group purchased a 49% stake in German energy firm RWE’s …
Companies Investments
Photo Gallery
3 December 10:39 AM AD Ports’ unit to develop Egypt’s first bulk cement silos
Cairo – Mubasher: Transcargo International (TCI), a partly-owned subsidiary by AD Ports Group, teamed up with Sinai White Portland Cement (SWCC) to build Egypt’s first bulk cement silos in Arish Port, according to a press release. Under the …
Companies Investments
Photo Archive
3 December 10:02 AM MBC Group unveils price range for IPO on Tadawul
Riyadh – Mubasher: MBC Group set the price range for its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul) between SAR 23 and SAR 25 per share. The institutional book-building process will take place during the 30 …
Initial Public Offerings
Photo Archive
30 November 02:44 PM DFM closes Thursday down; ADX ends session higher
UAE – Mubasher: The main index of Dubai Financial Market (DFM) retreated by 7.22 points (0.18%) on Thursday and ended the trading session at 3,992.36 points. The turnover hit AED 601.63 million through the exchange of 139.46 million shares. Emaar …
Trading Activities