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Companies Investments

SAMI aims at raising local production in the defence sector
1 hour ago SAMI, ST Engineering pen MoU to explore business opportunities
Riyadh – Mubasher: The Saudi Military Industries Company (SAMI) and Singapore-based global technology, defence, and engineering group ST Engineering signed a memorandum of understanding (MoU) on the sidelines of the Paris Air Show in a bid to …
The financial impact of the deal will be positive
19 June 05:45 PM Bawan’s units close $4.5m merger
Riyadh – Mubasher: The shareholders of Bawan Company has announced that two of its subsidiaries signed a SAR 17 million ($4.53 million) merger agreement. United Transformers Electric Company (UTEC) and United Technology Of Electric Substations & …
The deal’s financial impact cannot be determined now
19 June 05:18 PM Metal and Recycling inks $9.5m contract with health ministry
Mubasher: Metal and Recycling has signed a KWD 2.88 million ($9.49 million) bid licence contract with the Kuwaiti Ministry of Health. Under the 10-year contract, the Boursa Kuwait-listed company will undertake the establishment, maintenance, …
Naphtha cracker has a capacity of 1.2 million tonnes per year
19 June 04:43 PM Saudi Aramco, Malaysian Petronas start naphtha cracker operations at JV refinery
Riyadh – Mubasher: State-run Saudi Aramco, known formally as Saudi Arabian Oil Co., and Malaysian oil company Petroliam Nasional Bhd, Petronas, have started the operations of naphtha cracker at new Pengerang refinery, Reuters reported. The naphtha …
The ministry plans to upgrade buses to be environmentally friendly
19 June 04:41 PM Mercedes in talks to supply BRT vehicles to Egypt
Cairo – Mubasher: Egypt’s transport minister, Kamel El-Wazir, has discussed with Mercedes-Benz’s delegation the creation of Bus rapid transit (BRT) systems.  The ministry works on taking all procedures requisite for regulating land transport in …
DAE owns 15 Boeing 777 freighters.
19 June 04:02 PM DAE Capital closes leasing agreement for three Boeing 777 freighters
UAE – Mubasher: Dubai Aerospace Enterprise’s leasing unit, DAE Capital, and Russia’s AirBridgeCargo on Wednesday signed a purchase and leaseback agreement with PDP financing for three factories new Boeing 777 freighter aircraft. The new jets will …
“These new cloud regions in the UAE are the dawn of a new era"
19 June 03:17 PM Microsoft supports digitalisation in UAE with two cloud regions
UAE – Mubasher: US multinational telecom company Microsoft on Wednesday launched two new cloud regions in the UAE. The new cloud regions provide organisations, enterprises, and developers with access to scalable, highly available, and resilient …
Tamakani will help in creating opportunities and guidance for women
19 June 02:59 PM PepsiCo launches ‘Tamakani’ to empower Saudi women
Riyadh – Mubasher: PepsiCo launched a dedicated platform “Tamakani” in an effort to support and inspire generations of women in Saudi Arabia. The newly launched platform will help in creating opportunities and guidance for women, providing support …
The proposed deal also includes rehabilitating 50 Henschel locomotives
19 June 02:46 PM Bombardier in talks with Egypt’s gov’t to supply 100 locomotives
Cairo – Mubasher: Egypt’s minister of transport, Kamel El-Wazir, has discussed with a delegation from Canada’s Bombardier the procurement of 100 locomotives and rehabilitation of 50 Henschel locomotives and 40 Adtranz locomotives. The procurement …
The companies proposed to be merged include Kaha and Idfina
19 June 01:32 PM Egypt plans to merge units of Food Industries Holding
Cairo – Mubasher: Egypt’s minister of supply and internal trade, Ali Meselhy, revealed plans to develop and merge some subsidiaries of Holding Company for Food Industries, Al-Ahram newspaper reported.  The companies proposed to be merged include …
TIME Hotels has become a contracted affiliate of Rhinocarhire.ae
19 June 12:33 PM UK’s Rhino partners with UAE’s TIME Hotels to launch Middle East business
UAE – Mubasher: Rhino, an award-winning car hire company based in the UK, has launched its operations in the Middle East following the signing of a strategic agreement with the UAE-based TIME Hotels. Under the agreement, TIME Hotels has become a …
The deal was inked on the sidelines of the Paris Air Show
19 June 10:48 AM SAMI, L3 Technologies to launch joint project in Saudi Arabia
Riyadh – Mubasher: The Saudi Arabian Military Industries (SAMI) and L3 Technologies signed an agreement to establish a joint project in the field of Electro-Optical and Infra-Red (EO / IR) technology and special task systems inside the Kingdom, …
GFH has completed around 60% of the work at the new hotel
19 June 10:12 AM GFH, H Hotels ink deal for 5-Star Harbour Row Hotel operation
Mubasher: GFH Financial Group, listed on the Bahrain Bourse, Boursa Kuwait, and the Dubai Financial Market (DFM), on Wednesday announced it has signed an agreement with H Hotels & Resorts Management. Under the agreement, H Hotels will operate an …
Zada will be officially launched on 29 June 2019
19 June 09:18 AM DAMAC launches new upscale project in Dubai’s Business Bay
Dubai – Mubasher: DAMAC Properties has launched its new project, ‘Zada’, in Dubai’s Business Bay area at a price of only AED 699,999 a month. Zada will be officially launched on 29 June 2019, according to a press release. DAMAC also gives …
The talks were held at the headquarters of Nakheel in Dubai
19 June 09:00 AM UAE’s Nakheel boosts real estate collaboration with Vietnam
UAE –​ Mubasher: Vice President of the Socialist Republic of Vietnam Dang Thi Ngoc Thinh and her government delegation have been in talks with Ali Rashid Lootah, chairman of Nakheel, to reinforce their long term collaboration in the field of real …
This partnership offers flexible and reliable data connectivity
18 June 04:57 PM Batelco boosts partnership with Tata Communications
Mubasher: The leading digital communications solutions provider Batelco has extended its partnership with Tata Communications, a leading global digital infrastructure Indian provider. This partnership offers flexible and reliable data connectivity …
18 June 04:42 PM Savola to start offering its 1st issuance of sukuk
Riyadh – Mubasher: Savola Group will start offering its first sukuk issuance under the Sukuk Program on Wednesday, 19 June. Ending on 31 August, the sukuk are offered by way of a private placement, according to a filing to the Saudi Stock Exchange …
The new project is expected to be inaugurated in August
18 June 04:23 PM Saudi Alhokair’s unit injects EGP 1.2bn in Mall of Tanta
By: Ahmed Allam Cairo – Mubahser: Marakez, a subsidiary of Saudi Arabia’s Fawaz Abdulaziz Alhokair, has injected investments worth EGP 1.2 billion in Mall of Tanta, the real estate developer’s vice chairman, Ahmed Badrawi, said.   Located in the …
The new order includes 65 A320neo planes
18 June 03:55 PM Saudia orders 65 more jets from Airbus
Riyadh – Mubasher: Saudi Arabian Airlines (Saudia) has expanded its order of a 35 aircraft from Airbus to 100, and 35 of which will be optional, according to Reuters. The new order includes 65 A320neo planes, 15 of which are the new Airbus A321XLR …
Both parties reached this agreement on the sidelines of the G20 meeting
18 June 03:29 PM Saudi Aramco, Indonesian Pertamina to extend negotiations of Cilacap Refinery for 3M
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Indonesian state energy company Pertamina agreed upon extending negotiations regarding the potential joint development of Cilacap Refinery in the country by another three months. …
The initiative is aimed at providing low-cost loans to SMEs
18 June 03:12 PM Saudi Monshaat support SMEs, entrepreneurs with $213.3m
Riyadh – Mubasher: Around 824 buildings have been benefited from the indirect lending initiative, with total expenses of SAR 800 million ($213.29 million), according to a statement released by the Small & Medium Enterprises General Authority …
Sinai Cement’s net losses reached EGP 78.16 million in Q1-19
18 June 01:06 PM Vicat plans to inject EUR 30m to Sinai Cement
Cairo – Mubasher: Sinai Cement affirmed news reports about the company’s plan to raise its production efficiency. Vicat Egypt for Cement Industry aims to inject EUR 30 million to finance the company’s plan, according to a statement to the Egyptian …
The pilot station will fuel an initial fleet of six Toyota Mirai fuel cell electric vehicles
18 June 12:51 PM Saudi Aramco unveils 1st Saudi hydrogen fueling station
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Air Products uncovered the first Saudi hydrogen fueling station at Air Products’ new Technology Center in the Dhahran Techno Valley Science Park. The newly opened pilot station …
The four companies include EFG Hermes Securities Brokerage
18 June 12:38 PM Egypt’s FRA grants short-selling licence to four firms
Cairo – Mubasher: The Egyptian Financial Regulatory’s (FRA) chairman Mohamed Omran has approved granting four companies the licence to conduct short-selling transactions. The four companies include EFG Hermes Securities Brokerage, Financial …
The factory is expected to start production by H1-20
18 June 12:28 PM Al Kathiri unit obtains SIDF’s initial approval to establish new plant
Riyadh – Mubasher: Alian Industrial Company, which is wholly owned by Al Kathiri Holding Company, has received the initial approval from Saudi Industrial Development Fund (SIDF) to finance the establishment of a new plant. The new factory will …