Companies Investments

Bin Salman is playing a major role in modernising Saudi Arabia
16 February 10:16 PM Bin Salman may close $4.3bn deal to buy Man United
Riyadh – Mubasher: Saudi Arabia’s Crown Prince Mohammad bin Salman (MBS) is ready to increase a EUR 3.8 billion ($4.29 billion) offer to buy the UK’s Manchester United Football Club from the Glazers before the coming season. The Glazers, the US …
The transactions’ value was not revealed.
16 February 07:29 PM Warba Bank acquires majority stake in KMEFIC
Mubasher: Warba Bank has signed an agreement with Ahli United Bank (AUB) to buy 75.72% stake in Kuwait and Middle East Financial Investment Company (KMEFIC). The deal will be closed following the receiving of all regulatory approvals, Kuwait News …
The Kuwaiti M&As market is expected to grow
16 February 07:01 PM Kuwait comes 2nd in GCC’s M&As in 5 yrs – Report
Mubasher: Kuwait ranked second among the GCC economies in terms of the number of mergers and acquisitions (M&As) concluded from 2014 to 2018, according to a report released by Kuwait Financial Centre (Markaz). The number of M&As concluded in …
The decision will increase investors’ confidence in the Egyptian market
16 February 06:10 PM Interest rates cut to boost all sectors in Egypt – Report
Cairo – Mubasher: The Central Bank of Egypt’s (CBE) decision to cut interest rates by 1% is a boost to investments in all sectors, according to a report released on Saturday by Beltone Financial Holding. The CBE’s decision will increase investors’ …
“This is a truly exciting milestone for the University of Birmingham"
16 February 04:13 PM Major UK university to expand Dubai’s campus
Dubai – Mubasher: The UK’s University of Birmingham has signed an agreement to build the second phase of its campus in Dubai International Academic City (DIAC). The UK institute’s facilities are slated for inauguration in 2021 and will have the …
ECI is the UAE’s national credit insurance agency
16 February 03:02 PM ECI to support $3bn in non-oil exports, re-exports
Dubai – Mubasher: Etihad Credit Insurance (ECI) has unveiled plans to secure $3 billion (AED 11.02 billion) in non-oil exports and re-exports. The state-owned company is also planning to support UAE-based firms with more than $1.1 billion exposure …
Drilling works will commence during Q2-20
15 February 05:30 PM Eni to begin offshore drilling in Abu Dhabi in 2020
Abu Dhabi – Mubasher: The Italian energy company Eni is planning to initiate drilling in an offshore area in Abu Dhabi. Drilling works will be conducted during the second quarter of 2020, an executive told Reuters on Friday. In January, Abu Dhabi …
Eni invests in various energy projects in Egypt
15 February 04:49 PM Eni wins two onshore exploration blocks in Egypt
Cairo – Mubasher: Egypt has awarded Italy’s Eni two onshore exploration blocks. Eni holds a 100% stake in the first block, South East Siwa, which covers a 3,013 square kilometres area located in the West Desert. The Italian energy giant will …
“We will also be working with international venture funds"
15 February 04:00 PM Mubadala’s venture capital arm to create $400m fund in Europe
Abu Dhabi – Mubasher: Mubadala Investment’s venture capital arm is reportedly planning to launch $400 million European fund in 2019 to invest in the technology sector. Mubadala Ventures is collaborating with international venture capital funds to …
The launch event was attended by Sheikh Mohammed bin Rashid Al Maktoum
14 February 06:07 PM DXB brand launched to make Dubai Int'l the world's best
Dubai Airports on Wednesday announced plans to elevate the airport customer experience as it unveiled a new brand for Dubai International Airport (DXB). It said the DXB brand launch signifies Dubai Airports’ transition from airport operator to a …
The authority recorded a surge of 135% in net profits in 4 years
14 February 05:18 PM Kuwait Port Authority records KWD 161m profit in 4 years
Mubasher: Kuwait Port Authority achieved a net earning of KWD 161.4 million ($532.7 million) in four years, Kuwait News Agency (KUNA) said, according to a statement on Thursday. The authority recorded a surge of 135% in net profits during the …
ABK will join Ripple’s network “RippleNet”
14 February 04:19 PM ABK partners with Ripple to integrate blockchain technology
Mubasher: Al Ahli Bank of Kuwait (ABK) has signed a partnership agreement with financial technology company Ripple, according to a press release on Thursday. Under this partnership, instant cross-border payments will be available for ABK’s …
The 50:50 JV will focus on enhancing retail fuel stations in the kingdom
14 February 03:59 PM Aramco, Total to pump $1bn in Saudi retail fuel JV
Riyadh – Mubasher: The Saudi Arabian Oil Co, known globally as Saudi Aramco, on Thursday has signed a contract with French energy major Total to establish a joint venture (JV) with total investments of $1 billion. The 50:50 JV will focus on …
Health ministry has extended a contract worth KWD 42.36 million with the group
14 February 03:54 PM Gulf Insurance offers lowest bids in KWD 308m tender
Mubasher: Gulf Insurance Group announced that its bid was approved for the tender offered by Kuwait’s health ministry. The bid is valued at KWD 307.8 million for the tender that covers medical insurance for pensioners in Kuwait, according to a …
QTerminals was established as an operator of the first phase of Hamad Port in Qatar
14 February 03:53 PM QTerminals resumes Hamad Port phase II projects
Mubasher: QTerminals announced resuming its plan for developing container terminal 2 in the second phase of Hamad Port. The Qatari firm succeeded in issuing a request for quotation (RFQ) for design, supervision and consulting services as well as a …
A profit margin up to 20% is expected to be realised from the two contracts
14 February 03:40 PM Napesco wins KWD 60m tenders from KOC
Mubasher: National Petroleum Services (Napesco) has received a letter of award for two tender contracts offered by Kuwait Oil Company (KOC), according to a bourse statement on Thursday. The contracts are worth KWD 59.78 million distributed as KWD …
The Abu Dhabi-owned airline has received 28 Dreamliners
14 February 03:35 PM Etihad Airways changes aircraft orders from Airbus, Boeing
Abu Dhabi – Mubasher: Etihad Airways has reportedly reached an agreement with Airbus and Boeing to shrink previous orders. The Emirati carrier will receive five A350-1000 and 26 A321neo aircraft from Airbus, along with a six 777-9 jet order from …
The JV focuses on two mega-projects
14 February 01:56 PM Aldar-Emaar’s $8bn JV structure set for close finish - CEO
Abu Dhabi — Mubasher: Aldar Properties is in the “final stages” of completing the structure of its joint venture (JV) with Emaar Properties, the CEO of Abu Dhabi-based developer said. “We’ve advanced those discussions significantly with Emaar and …
DXB partnered with XDubai to deliver a one-of-a-kind stunt
14 February 01:38 PM Dubai Airports launches new DXB brand
Dubai – Mubasher: Dubai Airports announced launching the new brand of Dubai International Airport (DXB) which aims to transform the world’s busiest international airport into a major destination for hospitality and entertainment. After welcoming …
Saudi Crown Prince to sign oil, petrochemical deals during Pakistan visit
14 February 01:18 PM Saudi Crown Prince to sign oil, petrochemical deals during Pakistan visit
Riyadh – Mubasher: Pakistan will sign agreements in the oil and petrochemicals sectors with Saudi Arabia during a visit by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud to the country, Pakistan’s petroleum minister Ghulam Sarwar Khan has …
King Salman launches $22bn development projects in Riyadh
14 February 12:53 PM King Salman launches $22bn development projects in Riyadh
Riyadh – Mubasher: Saudi Arabia’s King Salman bin Abdulaziz Al Saud has uncovered plans to pump around $22 billion (SAR 82.51 billion) in investments across 1,281 projects in Riyadh to improve amenities, education, and infrastructure during the …
Any further extension will be subject to regulatory approval
14 February 12:20 PM GFH signs 4M liquidity provision deal with SICO
Dubai – Mubasher: GFH Group on Thursday announced that its liquidity provision arrangement (LP) with SICO will commence as of 18 February 2019 and ends on 28 May 2019. Any further extension will be subject to regulatory approval, according to the …
The UAE’s only listed airline is in talks with Boeing and Airbus in a bid to reach the best commercial deal
14 February 11:54 AM Air Arabia considers buying 100 aircraft in Q2-19
Dubai – Mubasher: Air Arabia is mulling over placing orders for more than 100 aircraft in the second quarter of this year, the CEO of the UAE-based airline said. “We need to probably put in an order of up to 100 planes this year, and that should …
Emirates will receive the new order, including 40 A330-900 aircraft and 30 A350-900, as of 2021 and 2024, respectively.
14 February 11:07 AM Emirates, Airbus sign $21.4bn deal for 70 new aircraft
Dubai — Mubasher: Emirates airline has signed a $21.4bn agreement for boosting its fleet with 70 Airbus aircraft. The Dubai government-owned carrier will receive the new order, including 40 of the latest generations of A330-900 aircraft and 30 …
Dana may inject $5 billion to develop the three prospects.
13 February 11:33 PM UAE Dana Gas may find another 'Zohr' gas field in Egypt
Cairo – Mubasher: Dana Gas, the Middle East’s largest regional natural gas company, is to commence drilling in an Egyptian area with 20 trillion cubic feet potential gas reserves, according to the seismic data. The drilling will begin in March or …