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19 January 01:40 PM

Stocks News

The contract will generate operating profits
1 hour ago Combined Group’s unit inks KWD 19.9m deal in UAE
Mubasher: Combined Group Contracting (CGC) announced that its subsidiary in the UAE has signed a tender contract worth AED 240.46 million, equivalent to KWD 19.89 million, ($65.71 million), to develop internal roads and infrastructure in Ras …
Companies Investments
Emirates NBD's Al Qassim & RERA's bin Ghalita
2 hours ago Emirates NBD partners with Dubai Land for trust account services
UAE – Mubasher: Emirates NBD has inked an agreement with the Real Estate Regulatory Agency (RERA) of Dubai Land Department (DLD) to act as a trustee for the account and provide banking services to jointly owned properties to protect owners’ …
Companies Investments
BisB will continue to be listed on Bahrain Bourse
18 January 09:48 PM NBB acquires 78.8% stake in Bahrain Islamic Bank
Mubasher: The National Bank of Bahrain (NBB) on Saturday announced that its offer to acquire up to 100% of the paid-up ordinary shares of the Bahrain Islamic Bank (BisB) resulted in the control of a 78.8% stake in the Islamic bank, according to …
Mergers and Acquisitions
The board's decision was approved by circulation
16 January 03:12 PM Gulf Navigation’s board agrees on AED 125m Sukuk issue
Dubai - Mubasher: The board of Gulf Navigation Holding, the only maritime and shipping company listed on the Dubai Financial Market (DFM), approved by circulation to issue Sukuk worth AED 125 million. The announcement came during the board’s …
Sukuk and Islamic Finance
Trading will be effective on 19 January 2020
16 January 01:15 PM Abu Dhabi Aviation to open trading for foreigners
Abu Dhabi – Mubasher: Abu Dhabi Aviation Company, listed on the Abu Dhabi Securities Exchange (ADX), on Thursday requested to open the trading on its shares for foreigners by a percentage not exceeding 30% of the share capital. The company further …
Trading Activities
Tabari is currently under investigation by the Jordanian authorities
16 January 11:01 AM DSI confirms news on former CEO arrested in Jordan
Dubai – Mubasher: Drake & Scull International (DSI) on Thursday confirmed the accuracy of the news recently published on Arabian Business concerning the travel ban issued against its former CEO, Khaldoun Tabari, following an Interpol notice …
Law
The reclassification will have no relation to GFH’s performance
16 January 10:27 AM GFH’s shares on Boursa Kuwait reclassified to main market
Dubai – Mubasher: GFH Financial Group announced that Boursa Kuwait has reclassified the segment of GFH’s shares on it from the premier market to the main market. The reclassification coincides with the bourse’s recent market segmentation plans …
The deal is a part of Al Ramz Corporation's strategy
16 January 10:04 AM Al Ramz Corporation acquires Shuaa Capital's market‐making business
Dubai – Mubasher: The Emirati domiciled financial institution Al Ramz Corporation Investment and Development has acquired the market-making business of Shuaa Capital, the region’s leading asset management and investment banking platform.  Under …
Mergers and Acquisitions
The Sukuk issuance will have a tenor of five years
16 January 09:29 AM GFH confirms Reuters news on $500m Sukuk issue
Dubai – Mubasher: GFH Financial Group on Thursday confirmed to its shareholders the news published by Reuters on 13 January 2020. GFH clarified that it plans to issue five-year-tenor Sukuk. The issuance builds on the shareholders’ resolution, …
Tabreed currently provides over 1.16 million tonnes of cooling output
15 January 12:37 PM Tabreed sets up new energy services company
Dubai – Mubasher: The National Central Cooling Company (Tabreed) announced the launch of a new energy services company to offer a comprehensive range of power solutions to buildings. The new firm, which begins its operations in 2020, will ensure …
Companies Investments
OEIHC losses amounted to OMR 971,000
15 January 09:37 AM Oman & Emirates Investment reports OMR 1.4m losses in 2019
Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Company (OEIHC) incurred a net loss of OMR 971,000 during the fiscal year (FY) ended 31 December 2019, compared with a net loss of OMR 68,000 in 2018. The parent company’s annual losses …
Financial Results
Traditional cooling methods represent up to 70% of electricity consumption
14 January 03:50 PM Bee'ah, Tabreed pen agreement on district cooling projects in Sharjah
Dubai - Mubasher: Bee'ah, the Middle East’s leading integrated environmental, recycling, and waste management company, has partnered with National Central Cooling Company (Tabreed), the UAE’s leading international district cooling developer, to …
Companies Investments
Abha will be Jazeera Airways's sixth destination in KSA
14 January 03:48 PM Jazeera Airways launches direct flights to Abha
Mubasher: Jazeera Airways announced that it prepares to launch a new direct service to Abha, making the capital of the Asir Region its sixth destination in Saudi Arabia. The new destination will be served with three weekly return flights every …
Companies Investments
Hikma will distribute eleven of Chiesi’s leading products in Egypt
14 January 12:30 PM Hikma Pharmaceuticals inks deal to distribute Chiesi’s products in Egypt
Cairo - Mubasher: Hikma Pharmaceuticals, a global company with local presence in the US, the MENA region, and Europe, has penned a licensing and distribution agreement with Italy-headquartered Chiesi Farmaceutici, an international research-focused …
Companies Investments
Projects in Egypt made up 70% of total new awards during Q4-19
14 January 11:19 AM Orascom Construction seals $3.5bn new awards in 2019
Cairo – Mubasher: Orascom Construction Plc sealed new contracts worth $770 million during the fourth quarter of 2019. For the full-year 2019, total new awards amounted to $3.5 billion, registering a 50% year-on-year increase, the company said in a …
Companies Investments
Trade will be effective on Tuesday, 14 January
14 January 10:52 AM Amanat Holdings appoints Al Ramz Capital as liquidity provider
Dubai – Mubasher: The Gulf’s largest healthcare and education investment company, Amanat Holdings, has appointed Al Ramz Capital to be the liquidity provider for its shares following the approval of the Dubai Financial Market (DFM).   Al Ramz …
Companies Investments
Top-tier officials from the UAE & Japan during the signing ceremony
14 January 10:07 AM UAE signs strategic energy cooperation deal with Japan
UAE – Mubasher: The Abu Dhabi Supreme Petroleum Council, represented by Abu Dhabi National Oil Company (ADNOC), and the Agency for Natural Resources and Energy of Japan, have concluded a three-year strategic energy cooperation agreement, Emirates …
Sector Reports
The collaboration highlights ADNOC’s successful international partnership strategy
13 January 10:01 AM ADNOC inks petrochem, gas deals with Indonesia's Pertamina, Chandra Asri
Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) has signed several agreements with Indonesia’s Pertamina and Chandra Asri. Pertamina, Emirates News Agency (WAM) recently reported.   ADNOC signed a memorandum of understanding (MoU) …
The potential deal will reinforce Amanat’s position as a key healthcare investment company
12 January 11:12 AM Amanat mulls acquiring stake in VPS Healthcare
Dubai – Mubasher: The Gulf’s largest healthcare and education investment company, Amanat Holdings, is currently considering a potential acquisition of a strategic stake in the Middle East operations of VPS Healthcare. The possible transaction is …
Mergers and Acquisitions
Chief Global Business Officer, Adel Al Daylami
9 January 04:46 PM Batelco boosts global connectivity solutions via ‘Google Cloud Interconnect’
Mubasher: Bahrain’s leading digital solutions provider, Batelco, has unveiled 'Google Cloud Interconnect', a new development that strengthens the company’s cloud services and bolsters its global connectivity solutions through a secure, reliable, …
Macroeconomics
Dana Gas is continuously taking all necessary precautions to protect its business
9 January 03:37 PM Dana Gas’ business in Kurdistan normal – Official
By: Mahmoud Gamal Abu Dhabi – Mubasher: Dana Gas stated that its facilities in the Kurdistan Region of Iraq (KRI) have not been under threat following the recent heightened geopolitical tensions. The company’s business in Iraq is going smoothly …
Macroeconomics
A prior meeting of Arzan Financial
8 January 04:46 PM Arzan’s unit changes equity ownership in Hill Top to 25%
Mubasher: Arzan Financial Group for Financing and Investment announced that Arzan Capital Holding Limited’s equity in Hill Top Netherlands 4 PLC has decreased from 49% to 25%. Arzan Capital is a 78.60%-owned subsidiary of Arzan Financial. The sale …
Management Decisions
The new station includes various eco-friendly features
8 January 04:34 PM Oman Oil Marketing Company launches sultanate’s 1st green service station
Mubasher: Oman Oil Marketing Company (OOMCO) has launched the sultanate’s first green service station, according to a statement released on Wednesday. Located in Rusayl in northeastern Oman, the new station includes various eco-friendly features, …
Macroeconomics
Boubyan Bank offered to acquire BLME for $158m
8 January 12:37 PM Boubyan Bank receives regulatory approval to acquire BLME Holdings
Mubasher: Boubyan Bank has obtained the approval of the UK's Prudential Regulation Authority (PRA) to acquire Bank of London and The Middle East Holdings (BLME Holdings). The offer remains subject to the terms and conditions set in the takeover …
Companies Investments
The decision aims to enhance the civil aviation activity across the UAE
7 January 09:46 AM UAE gov't approves Air Arabia Abu Dhabi as national carrier
Dubai– Mubasher: The Emirati cabinet has approved Air Arabia Abu Dhabi to be the country’s national airline carrier, Emirates News Agency (WAM) recently reported. The decision aims to enhance the civil aviation activity across the country while …