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Companies Investments

Uber first launched in Egypt back in 2014
1 hour ago Egypt discusses expanding Uber services to New Capital
Cairo – Mubasher: The Egyptian Minister of Planning and Economic Development, Hala El Said, has discussed with the General Manager of Uber Egypt, Ahmed Khalil, expanding the services of the ride-hailing application to the New Administrative …
Saudi Aramco announced the deal last March
2 hours ago EU grants Aramco approval for SABIC acquisition
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has obtained an unconditional approval from the European Union’s (EU) antitrust entities for its $69 billion planned acquisition of a 70% stake in the Saudi Basic Industries …
The development will be carried out in two phases
27 February 05:30 PM SCZone, DP World agree to develop 10 km in Ain Sokhna
Cairo – Mubasher: Suez Canal Economic Zone (SCZone) has finalised negotiations with DP World for the establishment of a joint venture (JV) to develop 10 kilometres in Ain Sokhna, head of SCZone Yehia Zaki said. The development will be carried out …
The company previously pumped an initial investment of $80 million
27 February 04:28 PM Pfizer mulls to inject $70m new investments in Egypt
Cairo – Mubasher: Pfizer Inc. is currently considering injecting $70 million worth of investments into its newly-established Pfizer Egypt Biopharmaceutical Co., the company’s regional manager in Egypt and Sudan Yousri Nawar said. The company …
The KFED has penned a $100m agreement
27 February 03:46 PM KFED inks $100m agreement to support projects in Ethiopia
UAE – Mubasher: The Khalifa Fund for Enterprise Development (KFED) has penned a $100 million (AED 368 million) agreement with the Ethiopian Ministry of Finance to fund micro, small, and medium-sized projects in Ethiopia. Under the directives of …
The new capital will total SAR 900 million
27 February 11:57 AM Dallah Healthcare’s board proposes 20% capital hike
Riyadh – Mubasher: The board of Dallah Healthcare Company recommended increasing the company’s capital through the issuance of bonus shares, during its meeting held on Wednesday 26 February. This will raise the capital by 20% to reach SAR 900 …
Finablr is expanding its digital services in Saudi Arabia
27 February 11:54 AM Finablr's BayanPay gets licence for digital payments in Saudi Arabia
UAE – Mubasher: Finablr’s network brand BayanPay, a Saudi Arabia-based digital payment solutions provider, has been granted a licence by the Saudi Arabian Monetary Authority (SAMA) to provide digital wallets, e-commerce, and small- and …
Plans include drilling 10 wells in the Nile Delta and the Mediterranean Sea
27 February 11:28 AM EGAS plans to sign 7 deals with $690m investments in FY20/21
Cairo – Mubasher: The Egyptian Natural Gas Holding Company (EGAS) aims to sign seven new agreements with total investments of $690 million during fiscal year 2020/2021, the company’s chairman Osama El-Bakly said. The company also plans to drill 10 …
Dubai Silicon Oasis has signed an MoU with Microsoft
27 February 10:02 AM Dubai Silicon Oasis partners with Microsoft to support Dtec
UAE – Mubasher: Dubai Silicon Oasis Authority (DSOA) has signed a one-year Memorandum of Understanding (MoU) with Microsoft to support the Dubai Technology Entrepreneur Campus (Dtec). Under the agreement, Dubai Silicon Oasis has appointed …
The project is expected before the end of next June
26 February 03:43 PM UAE’s Arada plans new investment in Saudi Arabia in H1-20
Riyadh – Mubasher: Arada Real Estate Company plans to pump new investments in Riyadh by the end of the first half (H1) of the year, as it sees promising opportunities in the Saudi market. The UAE-based company is still in talks with Saudi …
Demand on naphtha in Japan could slow
26 February 03:40 PM KPC cancels second naphtha tender in two weeks
Mubasher: Kuwait Petroleum Corporation (KPC) cancelled a tender to sell naphtha, marking the second time to withdraw a tender in less than two weeks, Reuters reported on Wednesday. However, the company has not immediately confirmed the tender …
Al Madina Printing and Publishing has been awarded three contracts
26 February 02:14 PM Saudi Printing subsidiary awarded SAR 95m contracts
Riyadh – Mubasher: The Saudi Printing and Packaging Company announced that its subsidiary, Al Madina Printing and Publishing, has been awarded three contracts from the Ministry of Education worth a total of SAR 94.78 million. The company expects …
Plans include building refining and petrochemicals complexes in Suez and Alamein
26 February 12:09 PM ECHEM reveals FY20/21 plan
Cairo – Mubasher: The Egyptian Petrochemicals Holding Company (ECHEM) revealed its plan for fiscal year 2020/2021 which focused on new projects under development or consideration. These projects include refining and petrochemicals complexes in …
ENOC Group has inked an agreement with Idemitsu
26 February 12:04 PM ENOC, Idemitsu sign agreement for lubricants’ supply
UAE – Mubasher: Emirates National Oil Company (ENOC Group) has inked an agreement with Idemitsu, a Japanese energy company, to supply and distribute lubricants in the UAE and neighbouring countries, according to a press release on Wednesday. Under …
Nasdaq Dubai has welcomed listing of $400m Sukuk by Dar Al-Arkan
26 February 11:28 AM Nasdaq Dubai welcomes Dar Al-Arkan’s $400m Sukuk listing
Mubasher: Nasdaq Dubai has welcomed the listing of $400 million Sukuk by Saudi Arabia's Dar Al-Arkan, one of the leading real estate companies in the Middle East. Following the $400-million listing, the total value of Dar Al-Arkan’s Sukuk in …
The signing ceremony
25 February 05:23 PM Mawani hands land to NPCC for SAR 160m fabrication yard
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) and the National Petroleum Construction Company (NPCC), a part of Senaat Abu Dhabi, signed a hand-over agreement at a ceremony attended by government representatives and industry leaders. The …
SEVEN made the announcement during the Future Projects Forum 2020
25 February 03:15 PM SEVEN expands entertainment complexes across Saudi Arabia
Riyadh – Mubasher: The Saudi Entertainment Ventures Company (SEVEN) has announced the expansion of new entertainment complexes to prime locations across the kingdom. The entertainment complexes will meet the fast-growing tourism sector and …
iktva Forum and Exhibition is being held at the Dhahran Expo Center
25 February 02:06 PM Aramco signs $21bn agreements during iktva 2020
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) signed 66 Memoranda of Understanding (MoUs) and strategic and commercial collaborations worth a combined of more than $21 billion. The deals were signed with international companies …
The fund will be launched on 2 March 2020
25 February 01:19 PM KFH Capital to launch 1st REIT fund on Boursa Kuwait in March
Mubasher: KFH Capital, the investment arm of Kuwait Finance House (KFH), will launch the first REIT Fund on Boursa Kuwait on Monday, 2 March 2020. Earlier this month, Kuwait’s Capital Markets Authority (CMA) approved listing the fund on the …
The MBF group will build six cities in Egypt
25 February 10:40 AM MBF Group mulls to inject EGP 300bn investments in Egypt
UAE – Mubasher: Emirati MBF Group Holdings and Establishments currently considers injecting EGP 300 billion investments in Egypt by building six investment cities in Suez Canal axis, according to the Emirates News Agency (WAM). The chairman of …
Officials from the UAE Mubadala and the French Bpifrance
24 February 06:03 PM Mubadala teams up with France’s Bpifrance for multibillion LAC I Fund
UAE – Mubasher: Mubadala Investment Company has signed a memorandum of understanding (MoU) with the French national investment bank Bpifrance, in a way of committing to the LAC I Fund, a multibillion fund managed by Bpifrance. Mubadala, the UAE …
EDGE has allocated over AED 1bnfor advanced technologies
24 February 05:06 PM EDGE allocates over AED 1bn for advanced technologies – WAM
UAE – Mubasher: EDGE, the advanced technology group for defence and beyond, has allocated more than AED 1 billion to develop advanced technologies in the fields of missiles, vehicles, as well as research and development during 2020, the CEO and …
The proposed plan for FY20/21 includes putting two wells into production
24 February 04:13 PM Pharaonic Petroleum to inject $277 investments in FY20/21
Cairo – Mubasher: The total output of Pharaonic Petroleum Company reached 435 million cubic feet of gas per day and about 8,000 barrels of condensates during the first half of fiscal year 2019/2020, the company’s chairman Mohamed Samir said. The …
The deals were penned during the first day of the UMEX and the SimTEX 2020
24 February 03:46 PM UAE Armed Forces inks 5 deals at AED 156m
UAE – Mubasher: The UAE Armed Forces has signed five deals at a total value of AED 156 million with local and international companies. The deals were penned during the first day of the Unmanned Systems Exhibition (UMEX) and the Simulation and …
ENOC completed 40% of the construction of the service station
24 February 03:36 PM ENOC constructs 40% of service station at Expo 2020
UAE – Mubasher: The Emirati ENOC Group, the official integrated energy partner of Expo 2020, has completed 40% of the construction of the Ghaf-tree inspired service station, located at the Expo 2020 Dubai site. The region’s first LEED Gold …