Companies Investments

Bahrain's government is currently working on a raft of policies to prop up startups
13 December 09:20 PM Bahrain eyes becoming innovative hub for startups in GCC- EDB
By: Mohammad Shokhba Cairo – Mubasher: Bahrain is seeking to be the innovative hub for startups in the GCC region, Mohamed Hejres, senior manager of investors relations and government affairs at the Bahrain Economic Development Board (EDB), said. …
The acquisition gives the European dairy giant full ownership of a cheese production site in Bahrain
13 December 04:34 PM Danish Arla Foods to acquire Mondelez International’s ME cheese business
Mubasher: Danish dairy group Arla Foods has reached a deal with US Mondelez International to acquire its processed cheese business in the Middle East region. The acquisition gives the European dairy giant full ownership of a cheese production site …
Managing director of Philip Morris Misr and Levant Vassilis Gkatzelis
13 December 04:16 PM Philip Morris injects $4.5bn in smoke-free products development - Interview
By: Abdullah Bedeir  Cairo – Mubasher: Philip Morris International (PMI) has invested over $4.5 billion into research, development, and commercialisation of smoke-free products. PMI is looking to offer smokers reduced risk products instead of …
The project's investment cost and its timeframe were not disclosed.
13 December 03:25 PM Tonino Lamborghini resident project to add 8,000 homes in Dubai
Dubai – Mubasher: Chinese real estate Oriental Pearls revealed its Tonino Lamborghini Residences Dubai project spanning 4.6 million square metres. The new project will add around 8,000 premium freehold apartments in Meydan, according to the …
Amwal owns an equity of 5% in Noor Markets
13 December 02:59 PM Kuwait’s Amwal approves expansion plans in UAE
Mubasher: Amwal International Investment announced that its board members approved the offers presented to sell assets in the company’s investment portfolio, including Al Shamel International Holding and other companies. The board members of …
The project also has downsized the number of residents it aims to accommodate to 50,000
13 December 01:15 PM Solidere to complete Ajman's $60bn Al Zorah development by 2023
Dubai – Mubasher: Solidere International revealed that it is working on completing Al-Zorah development in the emirate of Ajman with total investments of $60 billion. In cooperation with the government of Ajman, the project, which has been delayed …
KAMCO has not disclosed the value of the investment
13 December 12:05 PM KAMCO’s subsidiary exits investment in Spain
Mubasher: KAMCO Investment said that its 39.80%-owned subsidiary United Capital Transport has sold its entire business in Spain. The financial impact of selling this investment will be registered in the income statements of the quarter ended on 31 …
The project will be carried out within 12 months
13 December 09:43 AM Saudi Justice Ministry, Al Khaleej Training ink SAR 17.5m deal
Riyadh – Mubasher: Al Khaleej Training and Education has signed a SAR 17.5 million contract with the Ministry of Justice to provide it with the unified call services. The project will be carried out within 12 months, according to a statement to …
Al Meera will establish three projects in Oman
12 December 12:47 PM Al Meera mulls local, overseas expansion – chairman
Mubasher: Al Meera Consumer Goods Company has said it will inaugurate eight new branches in Doha Metro stations over the next period by collaborating with Qatar Rail Company, chairman Thani Bin Thamer Al Thani said. Al Meera also plans to raise …
Confidential negotiations are still ongoing between the buyer and purchaser
11 December 04:37 PM Alafco inks $553m leasing contract
Mubasher: Aviation Lease and Finance (Alafco) has signed a leasing contract valued at $553 million (KWD 168.2 million) for five new A320Neo Airbus planes with Scandinavian Airlines System. Alafco noted that confidential negotiations are still …
The acquisition allows dnata to expand its operations in the US
11 December 02:24 PM Dubai's dnata completes acquisition of US inflight, VIP caterer
Dubai — Mubasher: Dubai-based dnata on Tuesday announced completing the acquisition of New York’s inflight and VIP caterer, 121 Inflight Catering for undisclosed amount. The UAE's airline and shipping services group said the acquisition allows it …
The step comes within a bid to promote Dubai as an investment destination
11 December 12:41 PM Emaar Properties launches development operations in China
Dubai – Mubasher: Emaar Properties on Tuesday announced that it has started business development operations in China. The step comes within a bid to promote the emirate of Dubai as an investment destination and boost tourism from Asia’s largest …
A return estimated at 5% of the tender’s value is expected to be realised
11 December 11:52 AM KGL offers lowest bids in KWD 2.7m tender
Mubasher: Kuwait and Gulf Link Transport (KGL) has offered the lowest bids in a tender affiliated to Kuwait Fire Service Directorate. The tender is valued at KWD 2.68 million ($8.8 million), KGL said in a bourse disclosure on Tuesday. KGL said …
The companies included Schlumberger, Halliburton and Baker Hughes
11 December 11:33 AM Saudi SPARK inks SAR 1.2bn investment deals – Al-Falih
Riyadh – Mubasher: Saudi Arabia’s Energy Minister Khalid al-Falih said that 12 agreements were signed at a combined value of around SAR 1.2 billion to lease land plots and build companies at the King Salman Energy Park "SPARK". The deals were …
It is IFC’s first direct investment in an Egyptian technology firm
10 December 04:57 PM World Bank's IFC to invest in Egypt’s healthtech startup Vezeeta
Cairo — Mubasher: Egyptian healthtech startup Vezeeta announced that it has raised an investment from the International Finance Corporation (IFC), the private-sector lending arm of the World Bank. It is IFC’s first direct investment in an Egyptian …
Private Limousine is the first to use fleet management, a service designed and powered by Careem.
10 December 03:19 PM Private Limousine, Careem sign fleet management service deal
Dubai — Mubasher: Dubai-based Careem has signed an agreement with Private Limousine to manage its fleet and accommodate their customer requests in sufficient ways. The agreement was signed by Bassel Al Nahlaoui, managing director of Careem Gulf, …
The project’s credit facility will reach EGP 1.24 billion
10 December 02:34 PM Palm Hills to get additional facility for The Crown
Cairo – Mubasher: Palm Hills Development Co has obtained the approval of seven banks to raise the credit facility limit for its project “The Crown”. The project’s credit facility will reach EGP 1.24 billion, up EGP 388 million from EGP 852 …
The new hotel is expected to commence its operations by mid-2019
10 December 12:37 PM Swiss-Belhotel International inks deal for new investment in Bahrain
Mubasher: Swiss-Belhotel International, headquartered in Hong Kong, has signed a management agreement with HRR Properties for Swiss-Belsuites Admiral Juffair in Bahrain, according to a recent press release. Swiss-Belsuites Admiral Juffair will be …
Lulu Group is to focus on its investments in the retail and hospitality sectors.
10 December 11:32 AM UAE's Lulu Group denies plans for investment in troubled Jet Airways
Abu Dhabi — Mubasher: Lulu Group International does not have plans to invest in the ailing Indian airline Jet Airways, chairman and managing director of the UAE-based retail giant M A Yusuffali said. He added that the company is to focus on its …
The Dubai-based commercial and industrial real estate firm is looking to develop an inland container depot
10 December 10:08 AM Dubai's Trustworthy to invest AED 367m in KIZAD
Abu Dhabi — Mubasher: Trustworthy.ae Group announced plans to invest AED 365 million in the Khalifa Industrial Zone Abu Dhabi (KIZAD), which is one of the largest industrial zones in the Middle East and a subsidiary of Abu Dhabi Ports (ADP). The …
Mubadala Petroleum acquires 20% stake in Egypt’s Nour offshore concession
9 December 05:57 PM Mubadala Petroleum acquires 20% stake in Egypt’s Nour offshore concession
Abu Dhabi – Mubasher: Mubadala Petroleum, the subsidiary of Mubadala Investment Company has announced completing the acquisition of a 20% stake of Italy’s Eni in the Nour offshore concession in North Sinai, Egypt. Eni is the operator of the Nour …
Aqar expected its annual revenues to increase by KWD 140,000
9 December 04:23 PM Aqar Real Estate enters $5m investment in US
Mubasher: Aqar Real Estate Investments announced it has entered a new investment valued at $5 million ($1.53 million) in New Jersey, the US. The Boursa Kuwait-listed company has entered this new business in collaboration with a consortium of …
No financial impact can be determined in the current time
9 December 03:11 PM KAMCO, Global submit merger request to CMA
Mubasher: KAMCO Investment and its 69.28%-owned subsidiary Global Investment House have submitted a request to the Capital Markets Authority (CMA) for a plan of merger. KAMCO intends to acquire the remaining shares of Global following the approval …
The new system will provide a secure platform for the tracking, validating and execution of transactions at every stage
9 December 12:34 PM ADNOC signs blockchain deal with IBM
Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) on Sunday revealed that it has signed an agreement with US tech giant IBM to launch a Blockchain-based automated system to integrate oil and gas production across the full value …
Gulf International’s unit wins QAR 141m deal from Qatar Gas
9 December 12:13 PM Gulf International’s unit wins QAR 141m deal from Qatar Gas
Mubasher: Amwaj Catering Services, the wholly-owned subsidiary of Gulf International Services, has won a five-year agreement from Qatar Gas at a value of QAR 141 million ($38.7 million). Under the deal, Amwaj will provide Qatar Gas with the …