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Companies Investments

Speed Medical will manage El Dakhakhny Laboratories
16 January 06:13 PM Speed Medical signs MoU with El Dakhakhny Laboratories
Cairo – Mubasher: Speed Medical Company has signed a memorandum of understanding (MoU) with El Dakhakhny Laboratories. Under the MoU, Speed Medical’s name will be added to El Dakhakhny Laboratories, according to a bourse statement released on …
Top officials from DoE & IRENA signing the MoU
16 January 04:23 PM DoE boosts sustainable energy via IRENA’s deal, new innovation platform
UAE – Mubasher: Abu Dhabi Department of Energy (DoE), the principal partner for Abu Dhabi Sustainability Week 2020 (ADSW), signed a Memorandum of Understanding (MoU) with the International Renewable Energy Agency (IRENA), the leading …
Saudi company is able to respond to market supply and demand fluctuations
16 January 04:17 PM Saudi Aramco planning for more oil expansion - GlobalData
Riyadh – Mubasher: Saudi Aramco is currently planning for launching five major oil expansion projects, including four crude and one natural gas, at its offshore oil fields to increase Saudi Arabia’s oil output, GlobalData said. With the new …
The board's decision was approved by circulation
16 January 03:12 PM Gulf Navigation’s board agrees on AED 125m Sukuk issue
Dubai - Mubasher: The board of Gulf Navigation Holding, the only maritime and shipping company listed on the Dubai Financial Market (DFM), approved by circulation to issue Sukuk worth AED 125 million. The announcement came during the board’s …
The loan will be used to finance some of the company’s projects
16 January 01:10 PM Cairo Investment borrows EGP 100m from Ahli United Bank
Cairo – Mubasher: The board of directors of Cairo For Investment and Real Estate Development approved a loan worth EGP 100 million from Ahli United Bank. The loan will be used to finance some of the company’s projects, according to a filing to the …
The Signing Ceremony
16 January 12:21 PM MSC, SAGIA sign SAR 2.9bn cooperation agreements
Riyadh – Mubasher: Al Motaqadimah Schools Company (MSC) has signed five cooperation and partnership agreements with the Saudi Arabian General Investment Authority (SAGIA) and Tatweer Buildings Company (TBC) with a total value of SAR 2.9 billion. …
Deem's Chris de Bruin and Mastercard's Girish Nanda
16 January 12:17 PM Deem, Mastercard pen agreement to offer 6 new card products
UAE – Mubasher: Deem, a digitally-led financial services provider in the UAE, has partnered with Mastercard to provide its customers with six new card products. Under the agreement, Deem’s user-friendly digital platform will allow cardholders to …
The energy solutions will offer clients higher asset value
16 January 12:14 PM Masdar, France's EDF Group set up energy services JV
UAE – Mubasher: Masdar, a subsidiary of Mubadala Investment Company and one of the top renewable energy companies worldwide, has entered into an agreement with EDF Group, a global French low-carbon electricity leader, to set up a joint venture …
Headquarters of Kuwait Fire Service Directorate
16 January 11:56 AM KGL’s unit offers lowest bids in KWD 7.9m tender
Mubasher: Kuwait and Gulf Link Transport (KGL) announced that one of its subsidiaries has offered the lowest bids for a tender valued at KWD 7.894 million ($26.08 million) by Kuwait Fire Service Directorate. The expected return of the tender, …
Marketing of the deal to potential buyers may begin in weeks
16 January 11:26 AM ADIA may sell $2bn stake in private-equity funds
UAE - Mubasher: Abu Dhabi Investment Authority (ADIA) plans to sell about $2 billion of its stakes in private-equity funds, Bloomberg recently reported. Currently, ADIA is working with advisers in PJT Park Hill regarding the potential deal, …
The deal is a part of Al Ramz Corporation's strategy
16 January 10:04 AM Al Ramz Corporation acquires Shuaa Capital's market‐making business
Dubai – Mubasher: The Emirati domiciled financial institution Al Ramz Corporation Investment and Development has acquired the market-making business of Shuaa Capital, the region’s leading asset management and investment banking platform.  Under …
The Sukuk issuance will have a tenor of five years
16 January 09:29 AM GFH confirms Reuters news on $500m Sukuk issue
Dubai – Mubasher: GFH Financial Group on Thursday confirmed to its shareholders the news published by Reuters on 13 January 2020. GFH clarified that it plans to issue five-year-tenor Sukuk. The issuance builds on the shareholders’ resolution, …
Part of the signing ceremony
15 January 09:51 PM Bee’ah partners with Unilever Gulf to build new plastic recycling facility
UAE – Mubasher: UAE's leading integrated environmental, recycling, and waste management company Bee’ah on Wednesday signed a memorandum of understanding (MoU) with Unilever Gulf for collaboration in an end-to-end integrated plastic recycling …
Etihad's target may be achieved through internal initiatives
15 January 08:16 PM Etihad Airways aims to cut 100% of carbon emissions by 2050
UAE – Mubasher: Etihad Airways on Wednesday announced a commitment to minimise its net carbon emissions to zero by 2050, according to a company statement. The company’s ambitious target is set to be achieved through internal initiatives, …
The supply ministry's headquarters
15 January 06:55 PM Egyptian gov’t tenders EGP 2.5bn logistics area in El Wadi El Gedid
Cairo – Mubasher: Egypt’s Ministry of Supply and Internal Trade on Wednesday tendered a project for the construction of an EGP 2.5 billion logistics area for dates and crops in El Wadi El Gedid Governorate. The project comes in line with Egypt’s …
Al Ain Municipality plans to launch infrastructure development projects
15 January 05:56 PM Musanada builds AED 119m rainwater disposal project in Al Ain
Abu Dhabi – Mubasher: Abu Dhabi General Services Company (Musanada) has completed 17% of Al Ain rainwater disposal project being built at a total value of AED 119.3 million, in cooperation with Al Ain City Municipality, Emirates News Agency (WAM) …
Part of the signing ceremony
15 January 05:22 PM Egypt’s SWF, Hassan Allam ink MoU for investments in utilities
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Hassan Allam Holding (HAH) have signed a memorandum of understanding (MoU) to jointly invest, directly or indirectly, in projects in the fields of power, water, renewable energy, and …
The new company is 'Cepsa Masdar Renovables'
15 January 04:37 PM Masdar, Cepsa to form JV for renewable energy projects in Europe
UAE - Mubasher: The UAE’s Masdar, one of the world’s leading developers and operators of utility-scale renewable energy projects, and Cepsa, a global energy and chemical company, have signed an agreement to set up a 50:50 venture company to launch …
The shipment reflects the success of KNPC’s international marketing sector
15 January 02:07 PM KNPC exports first low-sulfur diesel shipment
Mubasher: Kuwait National Petroleum Company (KNPC) announced that the first shipment of low-sulfur diesel (ULSD 10ppm) has been exported through Mina Abdullah refinery to global markets after fulfilling al requirements. The exported 40,000-tonne …
Forum to cover digital marketing strategy, building a data-driven approach, and other topics
15 January 01:54 PM Saudi Arabia to host Marketing Innovation Forum in April
Riyadh – Mubasher: The Marketing Innovation Forum (MIF) is set to take place in Riyadh on 6-7 April 2020. The forum covers several key topics, from digital marketing strategy to building a data-driven approach. The event will also feature the …
Tabreed currently provides over 1.16 million tonnes of cooling output
15 January 12:37 PM Tabreed sets up new energy services company
Dubai – Mubasher: The National Central Cooling Company (Tabreed) announced the launch of a new energy services company to offer a comprehensive range of power solutions to buildings. The new firm, which begins its operations in 2020, will ensure …
The new initiative may spur the growth of the local energy services
15 January 11:58 AM ADPower sets up new energy service firm
UAE – Mubasher: Abu Dhabi Power Corporation (ADPower) on Wednesday announced the launch of Abu Dhabi Energy Services Company (ADES) as part of ADPower's portfolio of companies, with the aim to strengthen the transformation of the water and …
Endeavour sought to control Centamin’s assets that include the Sukari mine in Egypt
15 January 11:44 AM Endeavour ends merger talks with Centmain
Cairo – Mubasher: Canada’s Endeavour Mining Corporation announced the termination of merger discussions with Centmain. “The quality of information received during the accelerated due diligence process has been insufficient to allow us to be …
Construction on the project is expected to commence soon
15 January 11:00 AM Masdar, PLN to develop first floating solar plant in Indonesia
UAE – Mubasher: Masdar, a subsidiary of Mubadala Investment Company and one of the world’s top renewable energy companies, has collaborated in a power purchase agreement (PPA) with Perusahaan Listrik Negara (PLN) to develop Indonesia's first …
Photo Archive
15 January 10:36 AM Jazadco plans expanding aquaculture sector with local partners
Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) announced signing a memorandum of understanding (MoU) with Tabuk Fisheries Company, Tharawat Seas Company, and Aquaculture Sharq Farms (ASF) Company. The agreement involves studying …