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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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30 November 11:45 AM Ajman Bank, Mastercard partner to foster cross-border payment globally
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 …
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29 November 10:25 AM Emirates NBD anchors SMEs in region via Erguvan pilot launch
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 …
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16 November 10:00 AM Bayanat partners with Yahsat to reinforce SAR satellite in Middle East
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 …
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14 November 02:29 PM GFH’s profits to owners up 19% in 9M-23 consolidated results
Mubasher: The net profits attributable to the shareholders of GFH Financial Group surged by 19.14% to $78.92 million in the first nine months (9M) of 2023 from $66.23 million in 9M-22. Total income amounted to $261.29 million as of 30 September …
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14 November 01:29 PM Ithmaar Holding records drop in 9M-23 results; accumulated losses hit 110% of capital
Mubasher: Ithmaar Holding, which is also listed on Bahrain Bourse, turned to net losses attributable to the shareholders worth $4.48 million in the first nine months (9M) of 2023. The negative results were incurred against net profits valued at …
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31 October 03:31 PM Egyptian ICON’s unit signs contract for SAR 40m Gulf-focused project in Saudi Arabia
Cairo – Mubasher: Prefabricated Buildings Development Industrial Company, a 100%-owned subsidiary of the Egypt-based listed Industrial Engineering Company for Construction and Development (ICON), has penned a contract to develop a project in Saudi …
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29 October 05:08 PM With total $746m at FII7, ACWA Power builds on EBRD-OPEC Fund agreement, joins EIC
Riyadh – Mubasher: ACWA Power Company has concluded agreements with international entities at a combined value of $746 million during the seventh Future Investment Initiative (FII7) conference which was held in the capital of Saudi Arabia on 24-26 …
Aramco's Al Khowaiter and ENOWA's Terium
26 October 03:06 PM Aramco, ENOWA to develop 1st e-fuel demonstration plant; deal signed on FII7 sidelines
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) penned a joint development agreement with NEOM’s energy and water company ENOWA to build the first-of-kind synthetic electro fuel (e-fuel) demonstration plant, according to a press release. …
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25 October 06:10 PM Top quotes by Saudi ministers, officials from energy giants at FII7; regional leaders give remarks
By: Ingy ElSafy Riyadh – Mubasher: Energy availability is essential for functioning economies is among the top quotes said on the first day of the seventh Future Investment Initiative (FII) conference, which is being held in the capital of Saudi …
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25 October 01:44 PM GFH unveils SAR 500m acquisition deal at FII7
Mubasher: GFH Financial Group has inked an agreement to acquire a leading food services and logistics business in Saudi Arabia at an enterprise value of nearly SAR 500 million. The signing took place on the slides of the seventh edition of the …
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24 October 03:16 PM SEC secures $3bn financing from 4 banks; deal signed during FII7
Riyadh – Mubasher: Saudi Electricity Company(SEC) inked a USD-denominated international syndicated facility agreement at a total value of $3 billion, equivalent to SAR 11.25 billion, during the proceedings of the global economic event, the Future …
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24 October 03:03 PM SEC joins FII Institute’s 7th conference as strategic partner, unveils investments
Riyadh – Mubasher: Saudi Electricity Company (SEC) has revealed investment plans until 2030 in line with its participation as a strategic partner in the seventh edition of the Future Investment Initiative (FII) event being hosted in Riyadh on …
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24 October 01:29 PM Listed entities among FII7 conference’s global strategic partners
Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …
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23 October 03:10 PM Emirates NBD launches digital wealth platform for trading on global, local markets
Dubai - Mubasher: Emirates NBD has initiated a digital wealth platform within its newly launched ENBD X mobile application to allow trading securities and exchange-traded funds (ETFs) on global and local exchanges, according to a press release. …
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19 October 05:29 PM FAB issues largest-ever USD Tier 2 conventional bond from MENA bank
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) recently issued its inaugural USD Tier 2 capital securities at a value of $1 billion to become the largest conventional bond of its kind from a MENA bank. The 10.5NC5.5-year bond, which was offered …
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19 October 03:45 PM Telecom operators in Egypt announce free int’l calls to Gaza
Cairo – Mubasher: The four telecom companies operating in Egypt allowed free international calls and messages to Gaza for seven days starting from 19 October 2023 at 12 pm, subject to terms and conditions, according to separate statements. The …
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9 October 03:35 PM Beltone partners with CRIF to foster digital banking services in MENA
Cairo – Mubasher: Beltone Capital, a wholly owned subsidiary of Beltone Financial Holding, signed a framework agreement with CRIF to enhance the digital banking services in Egypt as well as the MENA region. The two entities will cooperate on …
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9 October 10:51 AM CI affirms GFH's foreign currency ratings; outlook stable
Mubasher: The Capital Intelligence Ratings (CI) has reaffirmed the long- and short-term foreign currency rating of GFH Financial Group as ‘BB’ and ‘B’, respectively, according to a press release. The CI indicated that the ratings remain backed by …