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24 February 05:16 PM

International Agreements

The agreement aims to promote competitiveness of the UAE economy
1 hour ago 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
2 hours ago 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 …
Companies Investments
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
The agreement was signed on the sidelines of the Indaba conference
4 February 12:18 PM Saudi-French partnership to develop mining industry
Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources announced signing an agreement between Al Haytham Mining Company and DTP. The agreement between the Saudi mining company and its French counterpart involves developing the …
Companies Investments
This funding to boost bilateral relations between the two countries
2 February 06:22 PM UAE provides $2bn to Mauritania’s investment projects
UAE – Mubasher: The UAE has financed investment and development projects in Mauritania with $2 billion, alongside with a soft loan, Emirates News Agency (WAM) reported on Sunday. This came under the directives of Sheikh Khalifa bin Zayed Al …
Macroeconomics
KFH’s followers on online platforms amount to one million
2 February 02:53 PM KFH partners with LinkedIn to bolster online presence
Mubasher: Kuwait Finance House (KFH) has entered into a strategic partnership with LinkedIn to promote its presence on the professional social network. The partnership will enable KFH to utilise the network’s large-scale suite of benefits, …
Companies Investments
UAE, Kuwait will strengthen joint cooperation in the aviation field
28 January 05:20 PM UAE, Kuwait sign MoU to promote aviation
UAE – Mubasher: The UAE’s General Civil Aviation Authority (GCAA) has inked a memorandum of understanding (MoU) with Kuwait’s Directorate General of Civil Aviation (DGCA) to enhance aviation safety, according to a press release on Tuesday. The MoU …
International Agreements
The deal will further support other five spare engines
28 January 10:52 AM Jazeera Airways signs $1.3bn service agreement for A320neo planes
Mubasher: Jazeera Airways has entered into an agreement with a specialised global service provider at an estimated value of $1.3 billion (KWD 395 million) to support the LEAP-1A engines that power the airline’s fleet of 20 A320neo aircrafts. The …
International Agreements
UD Trucks sales in the UAE increased by 10% annually
27 January 01:46 PM UD Trucks spurs regional growth on new partner in Saudi Arabia
Mubasher: UD Trucks, a Japanese commercial vehicle brand, has enjoyed a positive year in 2019, particularly with the launch of the new heavy-duty Quester, a series of major fleet deals, and the collaboration with a new retail partner in Saudi …
Macroeconomics
All planes under the deal will be in Kuwait by 2026
26 January 12:31 PM Kuwait Airways takes delivery of new A320neo jet
Mubasher: Kuwait Airways has received the third A320neo plane after being delivered from the Airbus plant in Hamburg, Germany, Kuwait News Agency (KUNA) recently reported quoting the airline's CEO, Kamel Al Awadhi.  The new delivery is a part of a …
Companies Investments
The deals include the drilling of 38 wells
20 January 12:08 PM Egypt inks 9 oil, gas deals with $452m investments
Cairo – Mubasher: Egypt has signed nine agreements for oil and gas exploration and production in areas in the Mediterranean Sea and the Western Desert, the country’s oil minister, Tarek El-Molla, said. The deals include the drilling of 38 wells …
International Agreements
The energy solutions will offer clients higher asset value
16 January 12:14 PM Masdar, France's EDF Group set up energy services JV
UAE – Mubasher: Masdar, a subsidiary of Mubadala Investment Company and one of the top renewable energy companies worldwide, has entered into an agreement with EDF Group, a global French low-carbon electricity leader, to set up a joint venture …
Companies Investments
Germany’s KfW will provide a long-term soft loan worth EUR 30 million
15 January 03:43 PM Germany’s KfW, EU provide EUR 49.5m funding to Egypt’s MSMEDA
Cairo – Mubasher: The Egyptian Micro, Small, and Medium Enterprise Development Agency (MSMEDA), KfW Development Bank, and the European Union (EU) have signed a EUR 49.5 million funding agreement, the Middle East News Agency (MENA) reported on …
Banking and Finance
Construction on the project is expected to commence soon
15 January 11:00 AM Masdar, PLN to develop first floating solar plant in Indonesia
UAE – Mubasher: Masdar, a subsidiary of Mubadala Investment Company and one of the world’s top renewable energy companies, has collaborated in a power purchase agreement (PPA) with Perusahaan Listrik Negara (PLN) to develop Indonesia's first …
International Agreements
The plant is expected to begin operations in late 2022
15 January 10:22 AM Masdar acquires 40% stake in Australian WTE facility
UAE – Mubasher: Masdar, a subsidiary of Mubadala Investment Company, on Wednesday announced its first investment in Australia after it has acquired a 40% stake in the country’s second utility-scale waste-to-energy (WTE) facility. Under the terms …
International Agreements
The collaboration will come into effect immediately
14 January 11:33 AM Etihad, easyJet conclude new partnership
UAE – Mubasher: The UAE’s national airline, Etihad Airways, has partnered with easyJet, one of the largest airlines across the world, to allow customers purchase tickets through the easyJet worldwide website which connects the two airlines’ …
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 …
International Agreements
Sheikh Ahmed along with Mohammed Al Zarooni & Ralph R. Debbas
13 January 03:38 PM Construction begins on AED 370m W Motors production facility at Dubai Silicon Oasis
Dubai – Mubasher: The chairman of Dubai Silicon Oasis Authority (DSOA), Sheikh Ahmed bin Saeed Al Maktoum, on Monday laid the foundation stone for the W Motors Automotive Facility in Dubai Silicon Oasis to be the Middle East’s …
Macroeconomics
These agreements are part of Indonesia's efforts to strengthen its foreign investments
13 January 02:54 PM UAE, Indonesia ink $23bn agreements
UAE – Mubasher: Indonesia and the UAE have signed eleven agreements at a total value of 314.9 trillion rupiah ($23 billion) in energy and other sectors, the Indonesian President, Joko Widodo, announced in his official Twitter account on Monday. …
Macroeconomics
Waste Harmonics' offerings aim to improve service levels and lower costs
13 January 11:52 AM Arcapita takes over US waste solutions provider Waste Harmonics
Mubasher: The global investment giant, Arcapita, on Monday announced the acquisition of a controlling interest in Waste Harmonics, a major American technology-enabled waste services company that offers a comprehensive range of waste management …
International Agreements
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) …
Thomas Cook India will offer an extensive range of viable consumer segments
9 January 12:39 PM Thomas Cook India drives 2020 visitation to Yas Island via Experience Hub’s deal
UAE – Mubasher: Thomas Cook India has concluded a strategic long-term agreement with Experience Hub, the trade and promotion arm of Yas Island, Abu Dhabi, to drive 2020 visitation to the island. The deal will bolster the Indian market for the …
Companies Investments
The cooperation aims to provide the best technological solutions
7 January 04:58 PM Egyptian ministry: Avaya to open new international software centre
Cairo – Mubasher: The Egyptian Minister of Communications and Information Technology, Amr Talaat, and the President of Avaya International, Nidal Abou-Ltaif, have discussed areas of cooperation in qualifying and training human workforce and using …
International Agreements