Companies Investments

Empower has won a tender to build two waste-to-energy plants with a total capacity of 2 megawatts
36 minutes ago Egypt's Empower wins EGP 143m waste-to-energy plants
Cairo – Mubasher: Empower has won a tender to build two waste-to-energy plants with a total capacity of 2 megawatts and up to EGP 143 million in investment in El-Salheya El-Gedida city, CEO Hatem El Gamal told Almal News. The leading Biogas and …
The $550 million resort is planned to be opened in 2018
45 minutes ago Dubai to build world’s first hotel with artificial rainforest
Dubai – Mubasher: Dubai is planning to establish the world's first hotel containing a rainforest, according to The Independent newspaper. The $550 million resort is set to be situated on more than two million square feet and is scheduled to be …
The plant will be set up with investments worth EGP 200 million
1 hour ago Energy consortium to develop waste-recycling plant in Q1
Cairo – Mubasher: A consortium of Orascom Telecom Media and Technology Holding (OTMT) and Lafarge is planning to commence the establishment and development of Shabramant’s waste recycling plant in the first quarter of 2018. The plant will be set …
NAPESCO expected to generate a profit margin of 10% from the total cost of the three-year contract.
1 hour ago Napesco signs KWD 2.25m contract with KOC
Mubasher: The National Petroleum Services Company (NAPESCO) on Sunday announced that it has won contract worth KWD 2.25 million for drilling and maintenance works at the fields owned by Kuwait Oil Company (KOC).  The Kuwait-based public …
The plants will be constructed in line with cutting-edge technologies within less than 18 months
2 hours ago KSA to build 9 water desalination plants – Minister
Riyadh – Mubasher: Saudi King Salman bin Abdulaziz issued a royal decree to establish nine water desalination plants on the kingdom's Red Sea coast with more than SAR 2 billion in investments, said Minister of Environment, Water and Agriculture …
Omniyat and Clarity Owners Association Management LLC jointly took the contract award decision
2 hours ago Dubai’s Omniyat awards AED 14.5m deal to Transguard
Dubai – Mubasher: Property developer Omniyat on Sunday announced awarding Transguard Group an AED 14.5 million contract to provide business services to its commercial Business Bay properties portfolio. The deal includes properties at The Opus, …
The AED 800 million Mag 5 Boulevard comprises two phases
3 hours ago Mag Development to deliver AED 800m project ahead of schedule
Dubai – Mubasher: Mag Property Development on Sunday stated that it would deliver Mag 5 Boulevard Project ahead of the scheduled date, adding that it had expected to deliver the first phase by the end of the second quarter of 2018. The AED 800 …
Reem tower to be completed within 24 months with a total AED 750 million in investment
3 hours ago UAE’s National Bonds to launch Reem Tower tender in Q2
Dubai – Mubasher: Dubai-based National Bonds is planning to launch the Reem Tower project tender in Reem Island, Abu Dhabi in the second quarter of 2018. The Emirati investment company's CEO Mohammed Qasim Al Ali projected the tower to be …
GFH begins trading futures contracts on Nasdaq Dubai
4 hours ago GFH begins trading futures contracts on Nasdaq Dubai
Dubai - Mubasher: GFH Financial Group on Sunday announced that its single stock futures contracts, which were recently included on Nasdaq Dubai’s equity futures market, have been made available for trading since 16 January 2018. GFH is the first …
The acquisition will bolster Dubai Investments’ growth and expansion plans
4 hours ago Dubai Investments becomes sole owner of Emicool
Dubai – Mubasher: Dubai Investments on Sunday announced acquiring a 50% stake in Emirates District Cooling LLC (Emicool). The stake, previously owned by Union Properties, amounted to AED 500 million and will be reflected in Dubai Investments’ …
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12:05 AM Work in Al-Zour refinery is on schedule - KIPIC
Mubasher: Kuwait Integrated Petroleum Industries Company (KIPIC) announced on Saturday that work on Al-Zour oil refinery is progressing as planned. The company has formed a team to ensure that construction of the oil refinery is completed in a …
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20 January 11:43 PM Oman LNG inks 7-yeae deal with Singapore
Mubasher: Oman LNG will supply liquefied natural gas (LNG) to BP Singapore, after the two companies signed a Sales and Purchase Agreement (SPA) on Saturday. The agreement is buoyed by the existing robust partnership between Oman LNG and BP, …
Beach Vista access to a 1.5 kilometre long beach
19 January 03:07 PM Emaar launches Beach Vista
Dubai - Mubasher: Emaar Development has unveiled Beach Vista, a private gated island destination in the Arabian Gulf. The new project is offering residents the opportunity to experience Miami Beach style living in Dubai, according to the company’s …
The number of shares will drop to 47.25 million, from 63 million shares.
18 January 05:14 PM Saudi Go hires SKFH to manage capital cut
Riyadh – Mubasher: Saudi Arabia-based Etihad Atheeb Telecommunication (Go) on Thursday appointed Saudi Kuwaiti Finance House (SKFH) as a financial adviser on managing its capital reduction after obtaining regulatory approvals. Go has …
“The facility is unsecured and will be used to finance SECs diverse general corporate purposes”
18 January 04:53 PM SEC obtains SAR 9.75m syndicated bridge loan
Riyadh – Mubasher: The Saudi Electricity Company (SEC) on Thursday signed a SAR 9.75 billion ($2.6 billion) international bridge syndicated loan agreement. The one-year maturity loan will be repaid on one tranche, according to a statement to the …
The contract has a duration period of 365 days
18 January 04:38 PM KNPC inks KWD 14.45m deal on fuel stations
Mubasher: The Kuwait National Petroleum Co (KNPC) has signed an agreement with a local company on Wednesday to build nine fuel stations across Kuwait. The contract is valued at KWD 14.45 million ($48.2 million), as reported by Kuwait News Agency …
No financial impact will be registered in the company’s profile
18 January 04:13 PM Boubyan Petrochemical invests in retail sector
Mubasher: Boubyan Petrochemical has invested KWD 13.65 million in a limited liability company, according to a bourse filing on Thursday. The company in which Boubyan Petrochemical has pumped investments is in the retail segment. Boubyan clarified …
The SCZone is at pains to attract major global firms
18 January 03:54 PM Germany’s Volkswagen mulls new investments in Egypt
Cairo – Mubasher: Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) Mohab Mamish was in talks with a delegate from German-based Volkswagen over investment opportunities in the SCZone. The SCZone is at pains to …
Saudi Aramco Technologies is a wholly owned subsidiary by Aramco
18 January 03:53 PM Saudi Aramco signs deal for Crude-to-chemicals products
Riyadh – Mubasher: Saudi Aramco Technologies on Thursday signed a three-party Joint Development Agreement (JDA) with US CB&I and Chevron Lummus Global (CLG) in a bid to boost scaling up and marketing Thermal Crude to Chemicals (TC2C™) technology. …
The $16 billion deal includes a confirmed order for 20 planes
18 January 03:38 PM Emirates, Airbus ink MoU for $16bn A380 deal
Dubai – Mubasher: Emirates Airline on Thursday announced that it has signed a memorandum of understanding (MoU) with Airbus to acquire up to 36 A380 jets. The $16 billion deal includes a confirmed order for 20 planes, along with an option for 16 …
“The plan remains to list the whole company rather than creating a subsidiary to IPO”
18 January 02:59 PM Aramco eyes IPO in H2, awaits government nod – CEO
Riyadh – Mubasher: Saudi Aramco’s initial public offering (IPO) is still scheduled to be implemented in the second half of 2018, but the government has not decided on yet the stock market that the firm will be listed on, the CEO Amin Nasser said. …
Most of undergoing works in the city have been completed
18 January 01:57 PM KSA to launch King Salman energy city by 2019 – CEO
Riyadh – Mubasher: King Salman energy city in the Eastern province is expected to be launched by the beginning of 2019, Saudi Aramco CEO Amin Nasser said. Most of undergoing works in the city have been completed, while infrastructure projects are …
The 200 megawatts plant is developed by BSEC
18 January 01:40 PM Masdar completes $188m funding for Jordon’s largest solar plant
Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar) on Wednesday has completed the financing of Jordon’s largest solar power plant with $188 million, according to a company statement. The 200-megawatt plant is developed by Baynouna …
Matador products are projected to be available in Cairo, Alexandria, and Tanta over next couple of years.
18 January 01:19 PM Tyre-maker Matador launches business in Egypt
Cairo – Mubasher: Slovakian tyre manufacturer Matador has recently launched its business in Egypt under the auspices of Al Fajr Tyres LLC, founded by key Egyptian figure in the tyre industry Ahmed Mowafi. Matador is set to provide Egyptian …
Flynas will develop its planes
18 January 12:31 PM Flynas’ market share may rise to 30% – CEO
Riyadh – Mubasher: Flynas is expected to raise its market share to 30% in the coming period, as part of Saudi Vision 2030 which aims to double aviation sector’s share in the gross domestic product (GDP) said the CEO Bandar Al-Mohanna. Flynas will …