Tawasul
Mubasher TV
Contact Us Advertising   العربية

Companies Investments

MIS will supply Tawuniya with equipment, software, maintenance, and operation
29 minutes ago MIS pens KSA 68m deal with Tawuniya
Riyadh – Mubasher: Al Moammar information systems Company (MIS) has signed a SAR 68.03 million deal with the Company for Cooperative Insurance (Tawuniya). Under the five-year deal, MIS will supply Tawuniya with equipment, software, maintenance, …
The company will announce the value of the transaction once completed
51 minutes ago Damac says still in talks with DICO Properties over land plots acquisition
Dubai – Mubasher: Damac Properties, a leading property developer in the UAE, on Sunday revealed that negotiations regarding the acquisition of two plots of lands in Al Sufouh and Business Bay areas in Dubai offered by DICO Properties Co LLC have …
DEWA headquarters
17 August 08:51 PM DEWA awards $391.2m power plant in Hatta
UAE – Mubasher: The Dubai Electricity and Water Authority (DEWA) has awarded AED 1.437 billion ($391.2 million) contract for the construction of 250 megawatts pumped-storage hydroelectric power station at Hatta to a consortium of companies. The …
Crude oil was supplied to the distillation unit
16 August 09:28 PM Aramco, Petronas resume operation in Malaysian crude distillation unit
Riyadh - Mubasher: Pengerang Refining and Petrochemical (PrefChem), a joint venture between Petronas and Saudi Aramco, has reportedly started the operation of a crude distillation unit at its oil refinery in Malaysia, informed sources told Reuters …
The tender is in favour of Kuwait’s electricity and water ministry
15 August 05:13 PM HEISCO’s unit wins KWD 5.7m tender
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) announced that its 99.92%-owned subsidiary Gulf Dredging and General Contracting Co. was awarded a tender valued at KWD 5.69 million ($18.76 million). The tender is in favour of …
The transaction will result in a net loss of KWD 35,000
15 August 04:57 PM Al Enmaa Real Estate sells KWD 1m property
Mubasher: Al Enmaa Real Estate Company announced that it has sold one of its properties based in Kuwait for KWD 1.05 million ($3.46 million). The transaction will result in a net loss of KWD 35,000, which will be reflected on the company’s …
The transaction’s total cost amounted to AED 18 billion
15 August 03:30 PM IBC Group plans to acquire 10,000 premier properties in Dubai
UAE – Mubasher: IBC Group eyes acquiring 10,000 premier properties in Dubai to furnish and manage as holiday homes, according to IBC Group’s recent statement. IBC has contracted Berkshire Hathaway HomeServices Gulf Properties (BHHS Real Estate …
ADNEC's
15 August 03:00 PM ADNEC contributes AED 2.3bn in Abu Dhabi economy in H1
UAE – Mubasher: Abu Dhabi National Exhibitions Company announced that the Abu Dhabi National Exhibition Centre (ADNEC) and Al Ain Convention Centre (AACC), the UAE capital's leading event venues, have contributed AED 2.3 billion to the Abu Dhabi …
RIL's net debt may be reduced by $16bn
14 August 09:51 PM Deals with Aramco, BP to lower India’s Reliance Industries leverage – Moody’s
Riyadh - Mubasher: The recently announced transactions by Reliance Industries to sell stakes to Saudi Aramco and BP is expected to reduce the Indian company’s leverage, according to a report released on Wednesday by Moody’s Investors Service. …
Damac has completed projects in five countries
14 August 09:05 PM Damac Properties eyes investments in Saudi Arabia, UK
By: Mahmoud Gamal Dubai – Mubasher: Damac Properties Dubai Company is considering investment opportunities outside the UAE to maximise its profits, head of investor relations at the Dubai-listed developer, Amr Aboushaban, told Mubasher on …
Domty plans to launch ‘Slim’ product
14 August 05:08 PM Domty eyes EGP 3.5bn sales in 2020
Cairo- Mubasher: The Arabian Food Industries Co. (Domty) targets to increase its sales to more than EGP 3.5 billion in 2020, the company’s vice chairman and managing director for planning and supervision Mohamed El-Damaty said. Domty seeks to …
Saudi Aramco to boost  East-West pipeline capacity to 7mbpd
13 August 12:56 PM Saudi Aramco to lift East-West pipeline capacity to 7mbpd
Riyadh – Mubasher: The Saudi Arabian Oil Company, known as Saudi Aramco, is expected to increase the production capacity of East-West Pipeline to 7 million barrels per day (mbpd) from 5 mbpd over the coming period, the Senior Vice President for …
An Amazon data centre in San Francisco was sold for $35 million
13 August 10:24 AM SEDCO Capital ends $338m of global real estate exits
Riyadh – Mubasher: SEDCO Capital, the Saudi asset manager, has sold seven global real estate investments worth $338 million, achieving an average internal rate of return (IRR) of 14%. The seven properties that were acquired between 2012 and 2016 …
Jet invited investors to express interest in it
12 August 03:30 PM Etihad Airways expresses no interest to reinvest in Jet Airways
UAE – Mubasher: Etihad Airways announced that it will not reinvest in the Indian bankrupt carrier, Jet Airways, due to “unresolved issued” regarding the collapsed company’s liabilities, according to Reuters Since the Etihad’s acquisition of a 24% …
DGCX office
11 August 10:18 PM DGCX may expand presence in India
Dubai – Mubasher: The Dubai Gold and Commodities Exchange (DGCX) is looking for firming its foothold in India in the near future.  The regional exchange is willing to strengthen their presence in the subcontinent, DGCX’s CEO, Les Male, said in an …
The stock was given an overweight recommendation
10 August 07:23 PM Renaissance Capital sets Telecom Egypt’s TP at EGP 17
Cairo – Mubasher: Renaissance Capital has set the target price (TP) of Telecom Egypt’s stock at EGP 17, with an overweight recommendation.   The research company referred to the sluggish growth of the number of new subscribers in mobile services …
The project will be fully operational by 2021
9 August 09:22 PM Egyptian wind energy project receives $252m finance
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD) agreed to participate in a $252 million funding for West Bakr wind project in Egypt. The project will be also funded by the Overseas Private Investment Corporation …
Ma’aden Marketing has received the applicable regulatory approval to acquire 8a5% of Meridian Group
8 August 04:17 PM Ma’aden’s unit abstains required approvals to acquire Meridian Group
Riyadh – Mubasher: Ma’aden Marketing and Distribution Company, which is fully owned by Saudi Arabian Mining Company (Ma’aden), has received the applicable regulatory approval to complete the transaction to acquire 8a5% of Meridian Group. The …
TMG’s sales will improve in H2-19
7 August 10:39 PM Beltone Research sets FV of TMG Holding at EGP 18.65
Cairo – Mubasher: Beltone Research has set the fair value (FV) of Talaat Moustafa Group Holding’s (TMG Holding) stock at EGP 18.65, with an overweight recommendation. The research company expected that TMG’s sales will improve during the second …
The contract was granted by water resources ministry
7 August 10:26 PM Wadi Kom Ombo wins contract to build $12.8m irrigation plant
Cairo – Mubasher: Wadi Kom Ombo Land Reclamation on Wednesday announced that the Mechanical and Electrical Department (MED) at Egypt’s Ministry of Water Resources and Irrigation approved its bidding for the construction of a new irrigation plant …
The recent announcement has no financial impact
7 August 07:01 PM Al Ahsa Development extends MoU to acquire medical firm
Riyadh – Mubasher: Al Ahsa Development Company has extended a memorandum of understanding (MoU) to acquire Al Salam Medical Services Company for 92 days until 28 November. The company attributed the MoU extension to complete documents required for …
""We are very pleased to have ADNOC as our new shareholder"
7 August 05:27 PM Adnoc to acquire 10% stake in global energy storage firm
UAE – Mubasher: The Abu Dhabi National Oil Company (Adnoc) has announced that it will acquire a 10% stake in global energy storage company VTTI, the Emirates News Agency (WAM) reported on Wednesday. Following the finalisation of the deal, each of …
The project will be built over an unused land plot of 460,000 square metres
7 August 05:25 PM Egypt to build $600m ammonia plant in Suez
Cairo – Mubasher: El-Nasr Co for Fertilizers and Chemical Industries, a subsidiary to the Chemical Industries Holding Co, and Benchmark Power International (BPI) signed a memorandum of understanding (MoU) to build a new ammonia factory at a cost …
RAK Ceramics currently has no plans to expand in India
7 August 04:08 PM RAK Ceramics eyes expansion in Saudi Arabia - Interview
By: Mahmoud Gamal Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics), listed on the Abu Dhabi Securities Exchange (ADX), is looking to extend its presence in the Saudi Arabian market, the company’s CEO Abdullah Massaad said. The company …
The transaction will see an exchange of non-core receivables valued at SAR 340 million
7 August 03:34 PM Alhokair to acquire franchise rights of 10 brands by end-2019
Riyadh – Mubasher:  Fawaz Abdulaziz Alhokair & Co., the leading fashion franchise retailer, plans to acquire franchise rights of 10 profitable international food and beverage brands from Food and Entertainment Company by the fourth quarter of …