Companies Investments

ADAC seeks to obtain more commercial benefits on technological solutions provided by Cisco
59 minutes ago Abu Dhabi Airports signs new agreement with CISCO
Abu Dhabi - Mubasher: Abu Dhabi Airports Company (ADAC) has signed a digital transformation with Cisco Systems. ADAC seeks to obtain more commercial benefits on technological solutions provided by Cisco in order to enhance digital capacity, cyber …
Saudi Steel Pipe wins SAR 60m deal from Aramco
18 October 06:17 PM Saudi Steel Pipe wins SAR 60m deal from Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Thursday announced winning an SAR 60 million ($15.99 million) contract from Saudi Arabian Oil Co “Aramco”. Under the deal signed on Thursday, SSP will supply 30 inches OCTG pipes to Aramco, it …
Grand Plaza sells 37% of EGP 4.8bn project in Mostakbal City
18 October 05:51 PM Grand Plaza sells 37% of EGP 4.8bn project in Mostakbal City – Chairman
By: Abdullah Bedeir Cairo – Mubasher: Grand Plaza for Real Estate and Touristic Development will complete works at its development La Mirada in Mostakbal City by 2021 to 2022, the firm’s chairman revealed. The total value of the land plot amounts …
The chairman of KIB Mohammed Jarrah Al Sabah
18 October 03:29 PM KIB offers growing rates on depositors’ accounts – Official
Mubasher: The chairman of Kuwait International Bank (KIB) Mohammed Jarrah Al Sabah said that the depositors’ accounts are registering a continuous growth in the distributions rates, in addition to an increase in KIB’s profits and deposits. The …
The port’s CEO Rayan Qutub will be a major speaker in the event
18 October 03:13 PM King Abdullah Port to participate in UAE Maritime Week
Mubasher: Saudi Arabia’s King Abdullah Port is set to take part in the UAE Maritime Week as a major sponsor. The participation in the Middle East’s first comprehensive maritime event is a part of exploring opportunities for more expansion …
The Emirati government is at pains to create the investment-friendly environment
18 October 02:56 PM Lootah mulls UAE footprint boost, eyes no mergers - interview
By: Bedour El-Raie Dubai – Mubasher: Dubai-based Lootah Real Estate Development is not planning to enter into any mergers in the meantime, the company’s head of business development manager said. We currently see no need for integration as the …
The new transaction enhances the company’s portfolio
18 October 01:50 PM Qatar’s Katara buys US Plaza Hotel
Mubasher: Katara Hospitality, Qatar's leading hospitality organisation, announced that it is planning to expand its global portfolio by acquiring US Plaza Hotel. The step is the first of its kind concerning expansion in the US. The new transaction …
Boursa Kuwait has resumed trading on Munshaat stock
18 October 12:33 PM Kuwait’s Munshaat approves settlement with Saudi GAZT
Mubasher: Munshaat Real Estate Projects announced that its board members approved on Wednesday the report proposed by the external advisor regarding distributing the amount realised from the settlement with the Saudi General Authority of Zakat and …
Egypt’s largest internet provider will use the loan to support its capital and operational expenditure
18 October 12:29 PM Telecom Egypt inks $500m medium-term loan with 2 UAE banks
Cairo – Mubasher: Telecom Egypt on Thursday announced it has signed a $500 million medium-term syndicated loan. Egypt’s largest internet provider will use the loan to support its capital and operational expenditure and to refinance its existing …
Emirates NBD raises $2bn loan
18 October 12:28 PM Emirates NBD raises $2bn loan
Dubai – Mubasher: Emirates NBD has raised a three-year loan worth $2 billion. The loan was raised last month through 18 banks, a bank representative told Reuters. They added that Emirates NBD was going to use the proceeds to refinance an existing …
The funding will be used in further expansion into mass transportation, deliveries, and payments
18 October 10:30 AM Dubai's Careem secures $200m funding
Dubai – Mubasher: Dubai-based ride-hailing app Careem Networks FZ on Thursday revealed it has secured $200 million in new funding from existing investors, including Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding. This round is the …
The new opening increases the firm’s network of various petrol stations to 69 across Qatar.
18 October 10:20 AM Woqod launches 2 new petrol stations
Mubasher: Qatar Fuel (Woqod) on Thursday announced that it has opened two new petrol stations as part of the company’s expansion plans. Located in Lusail, the two stations are Fox Hill and Woqod Hamad International Airport petrol stations (Woqod …
The Saudi firm will provide the authority with the unified communications services
18 October 10:12 AM Al Khaleej Training wins SAR 23m project from GAZT
Riyadh – Mubasher: Al Khaleej Training and Education has won a one-year contract from the General Authority of Zakat and Tax (GAZT) at SAR 23.1 million in investments. Under the deal, the Saudi firm will provide the authority with the unified …
The world's largest oil producer and Zhejiang province will sign the acquisition agreement later on Thursday
18 October 09:55 AM Aramco to acquire stake in Chinese refinery-petrochemical project
Riyadh – Mubasher: State-run Saudi Aramco on Thursday announced plans to acquire a stake in a refinery-petrochemical project in eastern China, senior vice president of downstream, Abdulaziz al-Judaimi, said. The world's largest oil producer and …
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17 October 11:27 PM Abu Dhabi to work with IBM on new AI Centre
Abu Dhabi - Mubasher: Abu Dhabi Smart Solutions and Services Authority (ADSSSA) has signed a deal with IBM to cooperate in artificial intelligence development and applications. ADSSSA will work with IBM to create a Centre of Excellence for …
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17 October 06:22 PM Etisalat showcases healthcare future in GITEX
Dubai - Mubasher: Emirates Telecommunications Group "Etisalat" on Wednesday presented its vision for the future of delivering healthcare services at GITEX Technology Week 2018, with the aim of supporting the UAE’s national agenda to achieve a …
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17 October 05:35 PM Dnata raises stake in Milan’s Airport Handling to 70%
Dubai - Mubasher: Dnata on Wednesday announced that it has activated the purchase option to acquire 40% of Airport Handling shares, raising its stake in the Milan-based company to 70%. UAE-based Dnata now has the governing stake in the Italian …
This is the company’s first round of fundraising since establishment after bootstrapping for 18 months
17 October 04:46 PM Egyptian HitchHiker raises $200,000 seed funding from Dubai’s Angel Investors
Mubasher: Egypt-based startup HitchHiker has raised a $200,000 seed round from Dubai-based Angel Investors. This is the company’s first round of fundraising since establishment after bootstrapping for 18 months, according to an official statement …
The terminal includes a tank farm and offshore facilities to load, receive, and store AL and ASL crude oil
17 October 04:39 PM Aramco’s new terminal in Yanbu raises West Coast exports
Riyadh – Mubasher: State-run Saudi Aramco on Wednesday said that the newly-established facility in South of Yanbu will contribute to adding three million barrels per day (bpd) to its West Coast export capacity. Crude oil was loaded on a Very Large …
Zain’s strategy is centered around digital transformation leadership
17 October 03:47 PM Zain Kuwait partners with Cisco Meraki for solutions to enterprises
Mubasher: Mobile Telecommunications (Zain) Kuwait has sealed a strategic partnership with Cisco Meraki to offer secure, cloud-based, managed network solutions to different sizes of enterprises in Kuwait. This mutual partnership agreement aims at …
Tabreed to begin dollar-denominated sukuk roadshow
17 October 03:41 PM Tabreed to begin dollar-denominated sukuk roadshow
Dubai – Mubasher: National Central Cooling Co. “Tabreed” on Wednesday announced plans to launch fixed-rate US dollar-denominated sukuk and begin a roadshow to market the sukuk. The seven-year sukuk will be marketed through a series of fixed income …
The PM has instructed the government to study partnership schemes with Vamed
17 October 03:39 PM Austria’s Vamed mulls medical tourism investments in Egypt
Cairo – Mubasher: The Egyptian prime minister and Austrian healthcare service consultant Vamed discussed the provision of medical tourism services in the North African nation. Egypt has paid attention to the medical tourism sector as being a good …
This capital increase represents additional funding of KWD 62.55 million
17 October 03:31 PM Burgan Bank’s rights issue fully subscribed
Mubasher: Burgan Bank announced that subscribing for the shares to increase its capital has been closed on Wednesday, 10 October. The bank said that the rights issue has been fully subscribed, according to a bourse disclosure on Wednesday. The …
The two schools will have an occupational capacity of 4,040 students
17 October 03:10 PM UAE’s Musanada builds AED 288m schools
Abu Dhabi​ - Mubasher: Abu Dhabi General Services Company (Musanada) has executed the construction works of building two schools at a total value of AED 288 million. Mohammed bin Zayed school in Abu Dhabi and Jebel Hafeet in Al Ain city in the UAE …
The MoU is aimed at supporting e-governance initiatives of the government as well as date-based practices
17 October 02:22 PM Etisalat, Fujairah Department sign MoU to boost smart e-government initiatives
Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) signed a memorandum of understanding (MoU) with Fajuairah Department of Public Works and Agriculture to implement smart technology-based solutions across the government’s bodies. …