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International Agreements

President of Egypt, Abdel Fattah El-Sisi
27 March 06:07 PM Egypt calls for African debt relief by G20 countries
Cairo – Mubasher: President of Egypt, Abdel Fattah El-Sisi, has presented an initiative to the G20 group to consider easing debt burdens on African countries, in light of the impacts of the coronavirus (COVID-19) crisis on the continent’s …
International Agreements
Celebrating the digital transformation partnership
15 March 03:23 PM Mobily partners with SAP for digital transformation
Riyadh – Mubasher: Mobily has entered into a digital transformation partnership with SAP to energize the automation of its sales force. The move is in line with Mobily’s digital transformation strategy to enhance competitiveness and optimization. …
International Agreements
EGA has inked a three-year contract with Vinacomin
9 March 01:00 PM EGA, Vinacomin extend partnership until 2023
UAE – Mubasher: Emirates Global Aluminium (EGA), the world’s largest premium aluminium producer, has inked a three-year contract with Vinacomin, a Vietnamese mining company, to continue providing the UAE with Vietnamese alumina until 2023. The …
Companies Investments
ACWA Power has inked three deals with Uzbekistan
8 March 01:13 PM Saudi ACWA Power inks 3 energy agreements with Uzbekistan
Riyadh – Mubasher: The Saudi energy company ACWA Power has inked three strategic agreements worth around $2.5 billion with the energy ministry of Uzbekistan to raise the power system efficiency in the latter. The agreements include a 25-year power …
Companies Investments
SAIF Zone has signed a lease contract with Schüco
8 March 10:27 AM Schüco agrees with SAIF Zone to rent warehouses
UAE – Mubasher: The Sharjah Airport International Free Zone (SAIF Zone) has signed a lease contract with Germany’s Schüco International KG, a global leading system solutions provider in the construction sector, according to Emirates News Agency …
International Agreements
Expo 2020 site will evolve into District 2020
5 March 04:18 PM Siemens inks 10-year agreement to establish operations in Dubai
UAE – Mubasher: Siemens has signed a 10-year agreement to lease two buildings in District 2020 to establish its Dubai operations starting from mid-2021. Following Expo 2020 site’s transition into District 2020, 1,000 Siemens employees will work at …
International Agreements
Mindware will market Microsoft’s Original Equipment Manufacturer (OEM) products
5 March 03:33 PM Mindware signs agreement to market Microsoft’s OEM products
UAE – Mubasher: Dubai-headquartered Mindware has inked a new agreement with Microsoft, adding to its portfolio that currently includes licenses for Microsoft cloud solutions. Under the agreement, Mindware will market Microsoft’s Original Equipment …
International Agreements
Photo Archive
4 March 05:44 PM Raya signs MoU with BelAZ Holding
Cairo – Mubasher: Raya Holding for Financial Investment (Raya Holding) has signed a memorandum of understanding (MoU) with BelAZ Holding. The agreement aims at studying cooperation opportunities between Raya and the Belarusian company, including …
Companies Investments
The company’s annual revenues declined by 2.6%
4 March 04:51 PM flydubai turns profitable in 2019
UAE – Mubasher: The profits of flydubai reached AED 198.2 million ($53.9 million) in 2019, versus losses of AED 159.8 million in 2018. The Dubai-based low-cost carrier's annual revenues declined by 2.6% to AED 6 billion ($1.6 billion) last year …
International Agreements
Blockchain enables easy cross-border payments
3 March 10:14 AM National Bank of Fujairah partners with Ripple
Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) has partnered with Ripple, a blockchain network solutions company, to offer secure, real-time, and cross-border payments to their customers. Through the RippleNet platform, NBF will improve the …
Companies Investments
Waymo, a self-driving technology company, is owned by Google's parent company Alphabet
3 March 09:36 AM Mubadala joins consortium for $2.25bn investment in Waymo
UAE – Mubasher: Mubadala Investment Company has partnered with a consortium to invest $2.25 billion in Waymo, a self-driving technology company owned by Alphabet, the parent company of Google. The consortium includes Silver Lake and other …
International Agreements
Wizz Air Abu Dhabi will start its operations during the H2 of 2020
2 March 01:30 PM ADDH, Wizz Air Holdings agree to launch new airline
UAE – Mubasher: Abu Dhabi Developmental Holding company (ADDH) has reached a final agreement with Wizz Air Holdings, a low-cost carrier in Central and Eastern Europe, to launch a joint airline under the name 'Wizz Air Abu Dhabi'. The new Emirati …
Companies Investments
Saudi Aramco announced the deal last March
28 February 04:35 PM EU grants Aramco approval for SABIC acquisition
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has obtained an unconditional approval from the European Union’s (EU) antitrust entities for its $69 billion planned acquisition of a 70% stake in the Saudi Basic Industries …
International Agreements
The KFED has penned a $100m agreement
27 February 03:46 PM KFED inks $100m agreement to support projects in Ethiopia
UAE – Mubasher: The Khalifa Fund for Enterprise Development (KFED) has penned a $100 million (AED 368 million) agreement with the Ethiopian Ministry of Finance to fund micro, small, and medium-sized projects in Ethiopia. Under the directives of …
Banking and Finance
Dubai Silicon Oasis has signed an MoU with Microsoft
27 February 10:02 AM Dubai Silicon Oasis partners with Microsoft to support Dtec
UAE – Mubasher: Dubai Silicon Oasis Authority (DSOA) has signed a one-year Memorandum of Understanding (MoU) with Microsoft to support the Dubai Technology Entrepreneur Campus (Dtec). Under the agreement, Dubai Silicon Oasis has appointed …
Companies Investments
The cabinet approved a contract between NAT and a French company
26 February 03:00 PM Cabinet agrees on deal with French company for Metro 3rd line
Cairo – Mubasher: The Egyptian cabinet has approved a 15-year contract between the National Authority for Tunnels (NAT) and a specialized French company to manage, operate, and maintain the Cairo Metro 3rd line. During its weekly meeting, the …
International Agreements
ENOC Group has inked an agreement with Idemitsu
26 February 12:04 PM ENOC, Idemitsu sign agreement for lubricants’ supply
UAE – Mubasher: Emirates National Oil Company (ENOC Group) has inked an agreement with Idemitsu, a Japanese energy company, to supply and distribute lubricants in the UAE and neighbouring countries, according to a press release on Wednesday. Under …
International Agreements
11 deals were inked at a value of over AED 124m in the event's third day
26 February 10:12 AM UMEX, SimTEX 2020 announce AED 749m deals
UAE – Mubasher: The total value of deals signed during the three-day Unmanned Systems Exhibition (UMEX) and Simulation and Training Exhibition (SimTEX) 2020 has amounted to AED 749.081 million, according to the Emirates News Agency (WAM). On …
International Agreements
The UAE Armed Forced has signed seven external and local deals on 24 February
25 February 10:35 AM UAE Armed Forces inks AED 625m deals at UMEX, SimTEX 2020
UAE – Mubasher: The total value of deals penned by the UAE Armed Forces since the opening of the Unmanned Systems Exhibition (UMEX) and the Simulation and Training Exhibition (SimTEX) 2020 has exceeded AED 624.962 million.  During the second day …
Military Affairs
The agreement aims to promote competitiveness of the UAE economy
24 February 03:57 PM UAE, Arizona State University pen MoU on innovation
UAE – Mubasher: The UAE Ministry of Economy has inked a memorandum of understanding (MoU) with Arizona State University (ASU) to develop the fields of innovation, entrepreneurship, and technology transfer. The MoU was signed by UAE Minister of …
International Agreements
The deals were penned during the first day of the UMEX and the SimTEX 2020
24 February 03:46 PM UAE Armed Forces inks 5 deals at AED 156m
UAE – Mubasher: The UAE Armed Forces has signed five deals at a total value of AED 156 million with local and international companies. The deals were penned during the first day of the Unmanned Systems Exhibition (UMEX) and the Simulation and …
International Agreements
Knowledge Economic City
18 February 03:58 PM KEC, OYO sign MoU for managing 1,500 hotel rooms
Riyadh – Mubasher: Knowledge Economic City (KEC) signed a memorandum of understanding (MoU) with OYO Oravel Technology to cooperate in managing and operating the Islamic World district project hotels. The MoU paves the way towards a final …
International Agreements
KSrelief initiatives have been coordinated with the Chinese embassy in Saudi Arabia
18 February 10:36 AM Saudi Arabia supports China in fight against coronavirus
Riyadh – Mubasher: Saudi Arabia has pledged its support to combatting the new coronavirus (COVID-19) epidemic through six joint contracts to provide medical assistance to China. The King Salman Humanitarian Aid and Relief Centre (KSrelief) has …
International Agreements
A yearly net rate of return of 7.5% is expected.
16 February 10:38 AM Kamco Invest acquires Silicon Valley-based asset at $286m
Mubasher: Kamco Invest announced the successful takeover of ServiceNow’s world headquarters, a 328,867 square foot Class A office campus situated in Silicon Valley in California, at a value of $286 million (nearly KWD 86.9 million), the company …
Companies Investments