Stocks News

Dubai – Mubasher: Ajman Bank has teamed up with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through the lender’s digital app. The listed bank will deploy its digital banking platform to offer …

Cairo – Mubasher: The consolidated net profits attributable to shareholders of Orascom Construction hit $114.80 million in the first nine months (9M) of 2023, an annual hike of 98.60% from $57.80 million. Revenues amounted to $2.36 billion in …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has joined the Net Zero Banking Alliance (NZBA) to back the UAE’s net zero by 2050 initiative, according to a press release. ADCB has more than tripled its sustainable finance commitment to …

Dubai – Mubasher: Erguvan, a climate and fintech venture that Emirates NBD recently invested in, launched a pilot programme to deploy its carbon management solution Azalt among regional small and midsize enterprises (SMEs). The project was …

Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) shifted to a net profit of AED 10.70 million during the third quarter (Q3) of 2023. The positive turn in Q2-23 was against net losses of AED 6.30 million in the same period …

Dubai – Mubasher: Al Sagr National Insurance Company shifted to net profits worth AED 2.76 million in the first nine months (9M) of 2023 from net losses of AED 51.34 million in 9M-22. The basic and diluted earnings per share (EPS) amounted to AED …

Abu Dhabi – Mubasher: Agthia Group has established two solar power plants at the production facilities of Al Ain Water and Al Foah, according to a press release. Under a long-term lease arrangement, the ADX-listed group teamed up with Yellow Door …

Abu Dhabi – Mubasher: Union Insurance Company has named Ramez Abu Zeid as Acting CEO, effective from 1 December 2023. The appointment is still subject to the approval of the Central Bank of the UAE (CBUAE), according to a bourse filing. In the …

Abu Dhabi – Mubasher: AD Ports Group collaborated with KazMorTransFlot (KMTF), a fully-owned offshore logistics and services subsidiary of Kazakhstan-based Kazakh National Oil Company (KazMunayGas), to acquire and operate two new vessels. The new …

Abu Dhabi – Mubasher: Bank of Sharjah acted as a joint lead manager and bookrunner in a $350 million Sukuk issuance for UAE-based Ittihad International Investment LLC, according to a press release. The listed lender participated in the 144A/Reg S …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has successfully priced an Additional Tier 1 (AT1) bond with an amount of $750 million. The issuance will boost the lender's capital base to support further growth in line with its new credit …

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has joined forces with Visa to secure the new Visa Installments Solution (VIS) for its cardholders across the UAE. The option will enable customers to divide their spending into smaller, equal …

Dubai - Mubasher: Shuaa Capital has named Wafik ben Mansour as its Acting CEO to lead the next phase of the firm’s optimisation process and create a growth platform. The appointment followed Fawad Tariq Khan’s resignation from his post as the …

Abu Dhabi – Mubasher: Fertiglobe completed the first shipment of the world’s first globally recognised renewable ammonia with International Sustainability and Carbon Certification (ISCC PLUS) certification. The ADX-listed firm underlined that the …

Riyadh – Mubasher: Dubai Electricity and Water Authority (DEWA) granted ACWA Power Company the initial commercial operation certificate to operate the second phase of the Noor Energy 1 independent power project. The Saudi company pointed out that …

Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) teamed up to expand the earth observation (EO) space programme from five to seven synthetic aperture radar (SAR) satellites. This move will enable Bayanat and …

Dubai – Mubasher: National Cement Company (NCC) turned to net profits of AED 50.34 million in the first nine months (9M) of 2023 from a net loss worth AED 20 million in 9M-22. NCC’s revenues grew year-on-year (YoY) to AED 135 million in 9M-23 from …

Dubai – Mubasher: National Central Cooling Company (Tabreed) logged net profits attributable to the equityholders worth AED 285.13 million in the first nine months (9M) of 2023, versus AED 399.61 million in 9M-22. The UAE company generated …

Abu Dhabi – Mubasher: The net profits attributable to the owners of AD Ports Group stood at AED 997.72 million in the first nine months (9M) of 2023, compared to AED 917.05 million in 9M-22. Revenues enlarged to AED 8.11 billion in …

Dubai – Mubasher: The net profits attributable to the owners of Dubai Investments hit AED 817.01 million in the first nine months (9M) of 2023, versus AED 1.48 billion in 9M-22. Basic earnings per share (EPS) retreated to AED 0.19 in 9M-23 from …

Abu Dhabi – Mubasher: Sudatel Telecom Group turned to net losses valued at $3.36 million in the first nine months (9M) of 2023, against profits of $67.13 million in 9M-22. Total operating revenues jumped year-on-year (YoY) to $319.77 million in …

Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC) was awarded a $520 million project contract from Saudi Arabian Oil Company (Aramco). The agreement aligns with the Saudi …

Abu Dhabi – Mubasher: ADNOC Gas posted a 9% decline in net income to $3.37 million during the first nine months (9M) of 2023, compared to $3.71 billion in 9M-22. Revenues dropped by 17% year-on-year (YoY) to $16.43 billion as of 30 September 2023 …