Companies Investments

Saudi German Hospital has no shareholding in this hospital
3 hours ago Saudi German Hospital manages new facility in Ajman
UAE – Mubasher: Middle East Healthcare Company (Saudi German Hospital) on Sunday announced that it has opened a new facility at the emirate of Ajman, the UAE, according to a filing to the Saudi Stock Exchange (Tadawul). The new hospital, owned by …
Egypt is keen on coordinating with the Chinese company in AI
5 hours ago China’s Huawei to trial 5G network in Egypt next June
Cairo – Mubasher: China-based Huawei Technologies Company Ltd. will launch the first 5G network services trial in Egypt at the Cairo International Stadium during the period of hosting the 2019 Africa Cup of Nations, the Egyptian telecommunication …
The project’s total cost amounted to AED 280.7 million
5 hours ago Musanada completes ‘Z35 Project’ road, infrastructure works
UAE – Mubasher: Abu Dhabi General Services Company (Musanada) unveiled the completion of the “Z35 Roads and Infrastructure Project” at Mohamed bin Zayed City in Abu Dhabi, state-run news agency WAM stated. The project’s total cost amounted to AED …
NBK reported a 15.1% y-on-y profit increase to KWD 107.73m in Q1-19
5 hours ago NBK eyes bigger market share in Egypt – CEO
Mubasher: The National Bank of Kuwait (NBK) plans to increase its market share in the Egyptian market, mainly in the retail banking sector by providing cutting-edge solutions, the CEO of the NBK Group said. NBK’s new branches in Saudi Arabia have …
Porto Group and Amer Group announced split-up in 2015
03:04 PM Amer Group, Porto Group unveil projects’ progress after split-up
Cairo – Mubasher: Porto Group Holding and Amer Group Holding Co have mentioned the latest updates pertaining to their projects after split-up in 2015. The two firms’ subsidiaries reached 11 in 2015 and 2016, while they totaled 12 and 13 in 2017 …
TMG Holding reported EGP 1.77 billion in consolidated profits for FY18
02:46 PM TMG Holding seeks to amend five-star hotel deal with Egoth
Cairo – Mubasher: Talaat Mostafa Group Holding (TMG Holding) is looking at amending its agreement with the Egyptian General Co. for Tourism & Hotels (Egoth) through one of its subsidiaries. Upon the deal, the Cairo-based real estate firm will …
The acquisition deal is forecast to complete later in 2019
01:59 PM Saudi Aramco to acquire Shell’s 50% stake in SASREF for $631m
Riyadh – Mubasher: The Saudi Arabian Oil Co, better known as Saudi Aramco, on Sunday announced the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% stake in the Saudi SASREF joint venture for SAR 2.366 billion ($631 million). …
Douglas OHI will provide unidentified process units at the new Duqm refinery
12:44 PM Duqm Refinery awards GBP 39.2m contracts to Douglas OHI
Mubasher: Muscat-based Duqm Refinery and Petrochemical Industries Company has awarded two contracts to Douglas OHI with a combined value of GBP 39.2 million Douglas OHI, a joint venture (JV) of Interserve Group Ltd., will establish a refinery and …
The 10,500 tonnes shipment started its voyage to China
12:34 PM ADNOC unit exports first-ever UAE calcined coke shipment
UAE – Mubasher: ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), on Sunday announced that it has exported its first ever shipment of UAE produced calcined coke, state-run news agency WAM reported. The 10,500 tonnes …
Egyptian housing minister Assem El-Gazzar
11:47 AM Egypt’s housing ministry to build EGP 500bn projects
Cairo – Mubasher: The Egyptian New Urban Communities Authority has agreed to implement various development and services projects over 113 land plots spanning around 2,530 feddans in 24 new cities, the housing minister said on Sunday. The projects …
The project features a wide range of two- and three-bedroom townhouses
10:22 AM RAK Properties awards AED 500m contract for Al Ali Construction
Abu Dhabi – Mubasher: Ras Al Khaimah Properties (RAK Properties) has awarded an AED 500 million contract for the construction, infrastructure and landscape work of Marbella Villas Project to Al Ali Construction & Development. Located in the …
The move comes along with the company’s strategy to boost its presence in the regional market
10:06 AM Eltizam Asset Management earmarks AED 200m for M&A deals
UAE – Mubasher: Eltizam Asset Management Group announced that it has allocated around AED 200 million for merger and acquisition (M&A) deals that will take place in 2019 and 2020, the company said in a recent statement. The GCC’s leading physical …
UPP posted a profit of AED 62.3 million in 2018
09:37 AM UPP’s shareholders approve 10% share buyback
Dubai – Mubasher: Union Properties (UPP) on Sunday announced that its general assembly has approved purchasing only 10% of the company’s paid-up share capital, according to a filing to the Dubai Financial Market (DFM). UPP will re-sell those …
FICE attracts investors from Arab and Islamic countries
20 April 10:27 PM UAE’s ADAB Solutions launches 1st Islamic crypto-currency exchange
Dubai – Mubasher: UAE-based company ADAB Solutions has launched First Islamic Crypto Exchange (FICE), according to a statement released on Saturday. FICE is the first exchange for crypto-currency that attracts investors from Arab and Islamic …
The firm reported a 5.6% decline in losses in Q4
20 April 08:25 PM Al Arabiya Real Estate’s shareholders consent to underwrite $32.3m loss
Mubasher: Al Arabiya Real Estate’s (ARABREC) general assembly has approved the underwriting of KWD 9.8 million ($32.34 million) deferred loss. The Kuwait-listed company’s loss will be underwritten by an optional reserve of KWD 4.5 million ($14.85 …
NTPC will provide maintenance services
20 April 07:30 PM Kahromika inks cooperation pact with Indian energy conglomerate
Cairo – Mubasher: Misr For Mechanical & Electrical Projects (Kahromika) has closed an agreement with India’s energy conglomerate NTPC for the cooperation in energy, power plants’ maintenance, and renewable energy. Under the agreement, the Indian …
There are 20 medical manufacturing plants in the UAE
20 April 06:39 PM UAE health ministry opens $30m medicine plant in Dubai
Dubai – Mubasher: Assistant undersecretary for public health policy and licensing at the UAE’s ministry of health and prevention (MoHAP) on Saturday opened a new plant for Geltec Healthcare FZE at the National Industries Park (NIP) of DP World. …
SalamAir operates flights to 17 destinations
20 April 04:05 PM Oman’s SalamAir adds Riyadh, Medina to its destinations
Mubasher: Oman’s SalamAir has added Riyadh and Medina among its destinations, according to a company statement released on Saturday. As of June, the Omani airline will begin four flights per week to Riyadh, along with other flights from and to …
The new projects include 1.3 kilometres tunnel in Mina Zayed
19 April 09:32 PM Abu Dhabi transport department reveals AED 8bn projects at Cityscape
Abu Dhabi – Mubasher: Department of Transport in Abu Dhabi (DoT) has unveiled three infrastructure projects with total investments of AED 8 billion ($2.18 billion) at Cityscape Abu Dhabi 2019. The new projects will improve the quality of life in …
Saudi crude exports went down to 6.98 million bpd in February
19 April 07:43 PM Saudi Arabia cuts oil output in February
Riyadh – Mubasher: Saudi oil exports shrank for the third successive month in February, according to the Joint Organisations Data Initiative’s (JODI) data revealed. The kingdom’s total oil exports declined by around 432,000 barrels per day (bpd) …
The loan will be used for the finance of micro-projects
18 April 11:52 PM Banque du Caire secures EGP 200m from MSMEDA
Cairo – Mubasher: Banque Du Caire has received EGP 200 million loan from the Micro, Small and Medium Enterprise Development Agency (MSMEDA), vice chairman Hazem Hegazy stated on Thursday. The secured amount will be used for the finance of …
"The popularity of apartments is increasing"
18 April 11:22 PM Affordable housing market remains solid in Riyadh, Jeddah
Riyadh – Mubasher: The demand for lower- and middle-income housing is still strong in two major Saudi cities despite the sluggish growth in the real estate market, according to a report released by audit, tax, and advisory services provider KPMG …
The new office will solidify relations with the Ethiopian banks
18 April 07:14 PM CIB Egypt inaugurates rep office in Addis Ababa.
Cairo – Mubasher: Commercial International Bank – Egypt has announced the opening of a representative office in the Ethiopian capital, Addis Ababa. The new office will solidify relations with the Ethiopian banks and promote Egyptian exports, the …
TBI holds 80% of the market share in Iraq
18 April 05:40 PM Saudi Arabia sees launch of first Iraqi bank in Riyadh
Riyadh - Mubasher: Trade Bank of Iraq (TBI) has opened a branch in Saudi Arabia, becoming the first Iraqi bank to launch in the kingdom. Iraq’s deputy prime minister and finance minister Dr. Fuad Hussein has opened TBI’s branch in Saudi Arabia, …
The new fund is forecast to be launched in four weeks
18 April 05:23 PM Dubai Investments plans to set up AED 2bn real estate fund
Dubai – Mubasher: Dubai Investments is looking to set up a real estate fund worth AED 2 billion ($544.5 million) in the near future, CNBC reported, citing the firm’s managing director and CEO as saying. The firm’s contribution to the fund is …