Companies Investments

Manazel signed a co-development deal with Tasameem Real Estate
13 minutes ago Manazel, Tasameem ink AED 500m property deal
Abu Dhabi – Mubahser: Manazel Real Estate on Sunday announced signing a co-development deal with Tasameem Real Estate worth AED 500 million ($136.15 million) to develop several projects across the UAE. Under the deal, Abu Dhabi-based Manazel will …
The company aims to build solar energy projects with a capacity of 300 megawatts
31 minutes ago US IQ Power to inject $300m in Egypt
Cairo – Mubasher: US-based IQ Power plans to invest $300 million in Egypt, CEO of IQ Power Egypt Sharif Al-Haj said. The company aims to build solar energy projects with a capacity of 300 megawatts, Al-Haj told Daily News Egypt. The solar company …
The Abraaj Group is delaying an IPO and selling a stake in an Egyptian school brand
2 hours ago UAE’s Abraaj to postpone hospital IPO, sell Egypt school stake
Dubai – Mubasher: The Abraaj Group is reportedly postponing the initial public offering (IPO) of its North African hospitals business as it looks to resolve several issues with investors, informed sources told Bloomberg on Sunday. The Dubai-based …
IHCL's new hotel in Makkah is situated within walking distance of the Grand Mosque
2 hours ago India's IHCL to open 1st Taj hotel in Saudi Arabia
Riyadh – Mubasher: The Indian Hotels Company Limited (IHCL), which operates the Taj Group of hotels, has marked its Saudi Arabia's debut through inking a partnership with Umm Al Qura Development and Construction Company. As per the deal, South …
The Emirati hospitality company will announce the new properties during Arabian Travel Market 2018 (ATM)
3 hours ago TIME Hotels to open 6 new properties in Middle East by 2020
Mubasher: Dubai-based TIME Hotels plans to inaugurate six new properties across the Middle East by the end of 2020. The Emirati hospitality company will announce the new properties during Arabian Travel Market 2018 (ATM), which will take place at …
Al Hammadi will explore a possible acquisition of a stake in Sudair Pharma
4 hours ago Al Hammadi inks acquisition MoU with Sudair Pharma
Riyadh – Mubasher: Al Hammadi Company for Development and Investment has announced signing a memorandum of understanding (MoU) with Sudair Pharma Company for a possible acquisition. The two-month MoU will explore the possible acquisition of a …
Emaar Hospitality Group has recently inaugurated Rove Dubai Marina
4 hours ago Emaar Hospitality to expand overseas - CEO
Dubai – Mubasher: Emaar Hospitality Group, a subsidiary of Emaar Properties, plans to expand its hotel business with more than 30 projects in the UAE, Bahrain, Turkey, and the Maldives, CEO Olivier Harnisch said. Harnisch remarked that the group …
Arabtec Engineering Services was awarded a new deal by Dubai Municipality
4 hours ago Arabtec unit awarded AED 433m deal from Dubai Municipality
Dubai – Mubasher: Arabtec Holding on Sunday announced that its subsidiary, Arabtec Engineering Services (AES), has been awarded an AED 433 million ($117.91 million) contract from the Dubai Municipality. Works on the project, involving …
Nareel Island by Aldar Properties
5 hours ago Aldar Properties begins handovers at Nareel Island, Al Merief
Abu Dhabi – Mubasher: Aldar Properties has announced that it has begun handovers at two of its newest prime developments in Abu Dhabi. The Abu Dhabi-based and listed firm began delivering units at Nareel Island, which it describes as “a prime …
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21 April 11:26 PM OBC to cover Muscat with fiber optics by 2020
Mubasher: Oman Broadband Company (OBC) is working to provide fiber optic service for Muscat, expecting to cover 85% of the residential areas in the governorate by 2020, according to CEO Said Al-Mantheri. Fiber optic service will be completed in Al …
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20 April 10:36 PM Al-Futtaim to build 600 Vox Cinemas in Saudi Arabia
Riyadh - Mubasher: Majid Al Futtaim Group will open a new four-screen multiplex cinema in Saudi Arabia, which will make it only the second company to obtain a license for a movie theatre in the kingdom. Vox Cinemas, a brand owned by Al Futtaim, …
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20 April 10:28 PM DIC to create new AED 3bn REIT
Dubai - Mubsher: Dubai Investments Company (DIC) is set to launch a new real estate investment trust (REIT) and list on the Dubai Financial Market (DFM(, according to company’s managing director Khalid Kalban. The AED 3 billion fund will see more …
Works at Shuaa’s Dubai skyscraper project will be commenced
19 April 06:07 PM Shuaa Capital may pay 50% cash dividends
Dubai – Mubasher: Shuaa Capital is planning to cut its loss before distributing a 50% cash dividend, CEO Fawad Tariq Khan told CNBC Arabia. But I do not think that the distribution of these dividends will take place this year, Khan added. Works at …
The decline of the request was due to not meeting all the listing requirements
19 April 05:23 PM CMA rejects Jiyad’s request to list on DFM
Mubasher: Jiyad Holding Co announced that the Capital Markets Authority (CMA) has declined the company’s request to list its shares on the Dubai Financial Market (DFM). The decline of the request was due to not meeting all the listing requirements …
The new jet was scheduled for commissioning as of 19 April
19 April 04:33 PM Saudia receives Boeing 787 Dreamliner jet
Riyadh – Mubasher: The Saudi Arabian Airlines (Saudia) has received a new Boeing 787 Dreamliner to be added to the national carrier’s fleet. The new jet was scheduled for commissioning as of 19 April after obtaining the required licences from the …
The pressure on oil prices forced the economies to look at diversification
19 April 04:24 PM IHG Global mulls expansion in Middle East – CEO
Mubasher: Intercontinental Hotels Group Global (IHG Global) has plans to grow its business across the Middle East, the CEO of IHG Global, Keith Barr, said. The CEO has discussed the hotel group's plan to expand in the Middle East in an exclusive …
An income worth nearly KWD 172,500 will be generated
19 April 03:44 PM National Real Estate posts profit from selling KWD 10m property
Mubasher: National Real Estate has completed the procedures for registering Boubyan Complex, located in Dajeej area in Al Farwaniyah. The real estate company has sold Boubyan Complex for KWD 10.5 million, according to a bourse statement on …
Boubyan Petrochemical’s stake in Educational will increase to 82.52%
19 April 03:35 PM Boubyan Petrochemical raises stake in Educational Holding
Mubasher: Boubyan Petrochemical has purchased 1.06 million shares in Educational Holding Group. Boubyan Petrochemical has bought this stake in its subsidiary Educational for KWD 0.308 per share, for a total value of about KWD 327,200, according to …
Saudi Binladin Group obtains $2.9bn gov’t loan
19 April 02:58 PM Saudi Binladin Group obtains $2.9bn gov’t loan
Riyadh – Mubasher: Construction giant Saudi Binladin Group (SBG) has obtained a SAR 10.88 billion ($2.9 billion) loan from the kingdom’s government to pay late wages of employees and bank creditors. Saudi Arabia’s biggest builder will also use the …
The factory is expected to be built with a production capacity of 1.8m cell phones a yr
19 April 02:42 PM Dubai's IKU to build mobile phones factory in Egypt
Cairo – Mubasher: Dubai-based IKU plans to establish a new factory in Egypt to assemble mobile phones. The Emirati mobile phones manufacturer has allocated an estimated $17 million in investments for the first phase of the project, local newspaper …
The remaining capital hike proceeds amounted to EGP 145.93m out of total EGP 992.93m
19 April 02:17 PM SODIC uses EGP 847m of capital hike proceeds end-March
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) has used EGP 847 million from capital increase proceeds at the end of March 2018. The company has pumped EGP 400 million in 301-acre project at the end of December, the …
The MoU aims at meeting Qatar's needs from float glass panels
19 April 02:01 PM QIMC, US Stewart Engineers ink MoU for glass production
Mubasher: Qatar Industrial Manufacturing (QIMC) on Thursday has signed a memorandum of understanding (MoU) with US-based Stewart Engineerings to set up float glass facility in the GCC nation with QAR 700 million in investments. The MoU aims at …
The project will provide a raft of healthcare services
19 April 01:46 PM Saudi German Hospital to build 100-bed hospital in UAE
Riyadh – Mubasher: Saudi-based Middle East Healthcare Company (Meahco) has signed a contract to establish a 100-bed hospital in Al Marjan Island, Ras Al Khaimah as part of its expansion plans in the UAE. The project will provide a raft of …
Rove Hotels has five hotels in Dubai
19 April 01:25 PM Rove Hotels expands in Al Marjan Island
Dubai - Mubasher: Rove Hotels, a joint venture between Emaar Properties and Meraas Holding, has launched the first Rove hotel in the emirate of Ras Al Khaimah in Al Marjan Island. The new hotel will comprise 450 rooms, smart media hub, and free …
This stake may represent 5% to 10% of the American Multi-Cinema’s revenues
19 April 12:53 PM AMC eyes 50% share of Saudi cinema market – CEO
Riyadh – Mubasher: US-based movie exhibition company AMC Entertainment Holdings Inc. plans to acquire a 50% share of Saudi Arabia’s cinema market in the coming period, CEO Adam Aron said.  This stake may represent 5% to 10% of the American …