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Companies Investments

The investment marks progress on Fawry’s efforts to build partnerships with high-potential tech companies
4 hours ago Fawry acquires minority stake in Brimore for EGP 15.7m
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments has acquired a minority stake in Brimore as part of the social commerce platform's upcoming Series A funding round.  The investment value amounts to EGP 15.7 million, Fawry …
Minister of Supply and Internal Trade, Ali El-Moselhy
4 hours ago Holding Company for Food Industries to build four factories at EGP 7bn cost
Cairo – Mubasher: The Egyptian Minister of Supply and Internal Trade, Ali El-Moselhy, has inaugurated the food development and safety centre affiliated to the Holding Company for Food Industries in Qaha City.  The centre, developed over 3,600 …
The project features recreational, social, and wellness amenities
5 hours ago Deyaar appoints contractors to build AED 750m skyscraper
UAE - Mubasher: Deyaar Development has appointed Gulf Asia Contracting, the construction vertical of RP Group, as a contractor to develop an AED 750 million skyscraper, Regalia, in Business Bay. Set to be completed in 2024, the 70-storey luxury …
The company's sales of PVC and liquid caustic soda amounted to EGP 1.9 billion
5 hours ago Egyptian Petrochemicals studies doubling annual capacity to 200k tonnes
Cairo – Mubasher: Egyptian Petrochemicals Company has started implementing the first phase of a project to raise the annual output capacity of polyvinyl chloride (PVC) to 100,000 tonnes from 80,000.  Studies are being conducted to implement the …
ASORC injected more than EGP 1.3 billion worth of investments in FY20/21
04:10 PM Egypt starts pilot operation of $450m gasoline production complex in Assiut
Cairo – Mubasher: Egypt has started the pilot operation of a high-octane gasoline production complex at Assiut Refinery at an investment cost of $450 million, Minister of Petroleum and Mineral Resources Tarek El-Molla said.  Work is underway for …
The construction of the 70-floor tower is set to begin in 2022
04:03 PM Italy's Cavalli collaborates with Damac to launch $545m luxurious tower
UAE - Mubasher: Italian fashion house Cavalli has partnered with DAMAC Properties to develop a $545 million luxurious skyscraper in Dubai, Damac Founder, Hussain Sajwani, announced as cited by Reuters. To be located in Dubai Marina, the …
The company is building a university hospital at Nahda University
01:41 PM Taaleem reveals latest updates on investment plans
Cairo – Mubasher: Taaleem Management Services revealed the latest updates of its future investment plans.  The higher education management company responded to the Egyptian Exchange's (EGX) inquiry on the published interview with the company's …
The direct deal was implemented on 147.553 million shares
12:34 PM DFM announces AED 184m direct deal on Damac
Dubai – Mubasher: Dubai Financial Market (DFM) has recorded an AED 184.441 million direct deal executed on the shares of DAMAC Properties. The direct deal was implemented on 147.553 million shares at a price of AED 1.25 per share, according to a …
The Series F equity round was led by DST Global, Falcon Edge
12:07 PM E-commerce platform CARS24 secures AED 1.2bn in funding round
UAE - Mubasher: CARS24, an e-commerce platform for pre-owned vehicles, has closed an AED 1.2 billion round in Series F equity funding, doubling its value to AED 6.75 billion. The Series F equity round was led by DST Global, Falcon Edge, and …
The contract has been awarded by the Abu Dhabi City Municipality
10:29 AM IHC's unit awarded contract for AED 46m landscaping project
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG), a subsidiary of International Holdings Company (IHC), has won a three-year contract to landscape the Corniche Road in Abu Dhabi at a total value of AED 46 million. The landscaping contract has …
During the Signing of the Agreement
10:17 AM flydubai signs AED 100m agreement with Saudi Ground Services
Riyadh – Mubasher: flydubai has signed an agreement worth more than AED 100 million with the Tadawul-listed Saudi Ground Services Company, UAE news agency WAM reported. The Saudi Company will be responsible for ground handling services for …
These investments are expected to create more than 5,000 job opportunities
10:15 AM Alameda Healthcare plans EGP 5bn investments
Cairo – Mubasher: Alameda Healthcare is planning to invest EGP 5 billion to launch several facilities in the New Administrative Capital, Al Alamein, Alexandria, Assiut, and Mansoura.  These investments are expected to create more than 5,000 job …
BHM Capital will enhance the liquidity of securities issued by NIH
10:04 AM National International Holding appoints BHM Capital as liquidity provider
Dubai – Mubasher: Kuwait-based National International Holding Company (NIH) has appointed BHM Capital as a liquidity provider for its shares traded on the Dubai Financial Market (DFM). As a liquidity provider, BHM Capital will enhance the …
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09:58 AM Alinma Tokio Marine inks insurance deal with Alinma Bank
Riyadh – Mubasher: Alinma Tokio Marine Company has signed a group credit insurance policy agreement with Alinma Bank to provide insurance coverage for the borrowers’ portfolio of the bank. The contract value is expected to surpass 5% of gross …
The new company will begin its operations with a 40-station network
19 September 04:30 PM Drone-based transportation, logistics company launched in Abu Dhabi
UAE - Mubasher: Ethmar Holding, APEX Al Wataniya Logistics, and Averro Technology have partnered to launch SkyGo, a transportation company specialised in using the latest drone technologies, in Abu Dhabi. Establishing a drone-based transportation …
The new terminal will receive cruise ships passengers visiting the Red Sea
19 September 03:12 PM Abu Dhabi Ports inks agreement to establish cruise terminal in Aqaba
UAE - Mubasher: Abu Dhabi Ports Group has inked an agreement with the Aqaba Development Corporation to establish a cruise terminal at Marsa Zayed in Aqaba, marking the group's first facility in Jordan and the first outside of the UAE. As part of a …
The ZENIQ Art NFT will be launched in Dubai
19 September 02:14 PM ZENIQ Technologies to launch tokenization project in Dubai
UAE - Mubasher: ZENIQ Technologies, a provider of blockchain-based decentralised applications, will launch its first tokenization project in Dubai to boost the trading of digital assets. Under the project, non-fungible token (NFT) trading …
This step strengthens the company's cadre
19 September 01:26 PM ADQ hires investment bankers to fulfil dealmaking objective
UAE - Mubasher: ADQ, Abu Dhabi-based holding company, has hired a number of investment bankers mostly from foreign banks and investment management firms in recent months, as the company seeks to enter new deals in the UAE and abroad, three sources …
Deem Finance is licensed by the CBUAE
19 September 12:43 PM Gargash acquires Deem Finance to expand financial services
UAE - Mubasher: Gargash Group has acquired Deem Finance, a UAE-based consumer finance business, to expand its financial services offerings in the market and accelerate its growth plans. Licensed by the Central Bank of the UAE (CBUAE), Deem …
The company has been awarded water, sewage, and road works
19 September 12:24 PM Giza Contracting awarded EGP 241m project by Egyptian cabinet
Cairo – Mubasher: Giza General Contracting and Real Estate Investment Company has been awarded a new project worth EGP 240.795 million by the Egyptian cabinet.   The project includes water, sewage, and road works of the social housing project in …
Mitsubishi will provide Empower with water-cooled centrifugal chillers
19 September 11:35 AM Empower inks largest agreement in global district cooling with Mitsubishi
UAE - Mubasher: Emirates Central Cooling Systems Corporation (Empower) has signed the largest agreement in the global district cooling industry with Mitsubishi Heavy Industries Thermal Systems to benefit from Mitsubishi's air-conditioning and …
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19 September 11:35 AM Saudi Airlines Catering pens SAR 75m deal with Saudi Railways
Riyadh – Mubasher: Saudi Airlines Catering Company has signed a contract worth SAR 75 million with Saudi Railways Company to provide food and beverage services for North and East Lines. The contract duration is three years starting from the date …
Photo Archive
19 September 11:09 AM SABIC prepares for initial startup of petrochemical JV with ExxonMobil
Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) announced the start of commissioning activities and preparations for the initial startup of its joint venture (JV) project with ExxonMobil in the US Gulf Coast, according to a bourse …
Photo Archive
19 September 10:25 AM Alkhorayef awarded SAR 358m contract
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a contract worth SAR 358 million from the National Water Company on 16 September. The consortium of Alkhorayef and Veolia Company of France will manage the …
The digital platform will enable RIT Dubai to monitor and analyse energy consumption
19 September 10:15 AM Johnson Controls partners with DSOA for region's first smart, sustainable new campus
UAE - Mubasher: Johnson Controls, a provider of smart, healthy, and sustainable buildings, has partnered with Dubai Silicon Oasis Authority (DSOA) and the Rochester Institute of Technology Dubai (RIT Dubai) to develop the region's first smart and …