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Companies Investments

Jahez was founded in 2016
3 June 05:13 PM Jahez platform raises SAR 137m in Series A Funding
Riyadh – Mubasher: The CEO of the Saudi food delivery platform Jahez, Ghassab Al Mandil, announced the conclusion of a Series A funding round led by Impact46 at a value of SAR 137 million. The round marks the largest-ever venture capital (VC) …
The new metro line will employ Siemens’ SIMATIC substation operating system
3 June 04:48 PM Siemens Energy to power Cairo Metro Line 3 extension project
Cairo – Mubasher: Siemens Energy will supply the electrification package for the expansion of Cairo Metro’s Line 3, which will connect the capital with Cairo International Airport. This project will be carried out in collaboration with the …
Collaboration between SEC and KAUST started back in 2018
3 June 12:59 PM SEC, KAUST team up to reduce non-technical power losses
Riyadh – Mubasher: Saudi Electricity Company (SEC) on Wednesday announced the collaboration with King Abdullah University of Science and Technology (KAUST) via its Innovation Energy Incubator to reduce non-technical energy wastage and …
SAFEEN FEEDERS will offer new feeder services
3 June 10:53 AM Abu Dhabi Ports establishes new feeder company
UAE - Mubasher: Abu Dhabi Ports has announced the establishment of a new feeder services company 'SAFEEN FEEDERS' to facilitate the growing trade volumes in the Gulf region. To serve the group's mainliner shipping clients, the new company will …
The renewal is due to the COVID-19 pandemic
3 June 10:20 AM Al Babtain extends MoU with Saudi Egyptian Industrial
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company has extended the Memorandum of Understanding (MoU) previously signed with the Saudi Egyptian Industrial Investment (SEII) to acquire a stake in Al Babtain Power and …
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2 June 04:20 PM Mawani launches third shipping line in 2020
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) announced the launch of a new shipping line for the coastal transportation of container ships across the Red Sea. The new line was launched across Jeddah Islamic Port and King Abdullah Port …
The DFM Smart Services App will include new services
2 June 01:39 PM DFM enables digital transformation via new Smart Services App
Dubai – Mubasher: Dubai Financial Market (DFM) has launched an all-inclusive DFM Smart Services App to enable investors to have access to its services and information. This new application is part of DFM's "Smart Borse" Strategy that aims …
DEWA has invited bids for the tendering process
2 June 12:50 PM DEWA retenders Hassyan desalination plant
UAE - Mubasher: The Dubai Electricity and Water Authority (DEWA) has retendered its Hassyan Sea Water Reverse Osmosis Plant project of 120 million gallons per day, according to the Emirates News Agency (WAM). DEWA has invited bids for the …
OLX has become EMPG's largest single shareholder
2 June 12:13 PM EMPG, OLX merger creates AED 3.6bn unicorn
UAE - Mubasher: The Dubai-based Emerging Markets Property Group (EMPG) and OLX Group have announced the merger of their businesses in the MENA and South Asia regions, Emirates News Agency (WAM) reported. With the merger, the owners of Bayut …
An amount of EGP 97.6 million has been financed by the shareholders’ credit balances
2 June 11:32 AM Arab Dairy uses all capital raise proceeds
Cairo – Mubasher: Arab Dairy Products Co. (Panda) announced that it used all its capital raise proceeds amounting to EGP 100 million at the end of 2019. An amount of EGP 97.6 million, financed by the shareholders’ credit balances, has been used to …
Investcorp Credit Management aims to manage a diversified portfolio
1 June 03:13 PM Investcorp closes Mount Row credit fund at EUR 318m
Mubasher: The Credit Management business of Investcorp has held the final close of the Mount Row Credit Fund with capital commitments of EUR 318 million ($353.4 million). The fund has exceeded its original target of raising EUR 300 million, …
The platform is part of the company's N-Genius Online
1 June 01:12 PM Network International enables SMEs in UAE to use e-commerce
UAE - Mubasher: Network International, the UAE's largest merchant acquirer, has launched Pay by Link acceptance platform to enable the businesses across the UAE to provide their services online. The platform is part of the precautionary measures …
The first mobile-to-fixed termination agreement was signed between the two companies
1 June 12:01 PM Telecom Egypt, Etisalat Misr ink 2 deals
Cairo – Mubasher: Telecom Egypt and Etisalat Misr signed two agreements regarding transmission and mobile-to-fixed interconnection. The first deal includes developing Telecom Egypt’s transmission and infrastructure services’ commercial model with …
The deal is effective for one year
1 June 10:50 AM Walaa Cooperative signs insurance deal with ANB
Riyadh – Mubasher: Walaa Cooperative Insurance Company and Arab National Bank (ANB) have signed an insurance agreement to provide coverage for the bank's group life insurance and property insurance programmes, for one year effective as of 1 June …
Samsung Electronics Egypt exports more than 85% of its products
31 May 05:42 PM Samsung Electronics Egypt plans $84m investments in 5 yrs
Cairo – Mubasher: Samsung Electronics Egypt is looking to inaugurate a new production line for manufacturing computer monitors with investments of $23 million in August, the company’s chairman Choonki Kwon revealed. Over the next five years, the …
EETC aims to add 145 MW to the national grid
31 May 04:30 PM EEHC eyes EGP 32.4bn investments in FY20/21
Cairo – Mubasher: The Egyptian Electricity Holding Company (EEHC) is looking to inject EGP 32.4 billion worth of investments during fiscal year 2020/2021, the company’s chairman Gaber Desouky said. In addition, EETC aims to add 145 megawatts (MW) …
The holding company set-up starts from AED 10,535
31 May 03:30 PM RAKEZ launches holding company formation to diversify investments
UAE - Mubasher: Ras Al Khaimah Economic Zone (RAKEZ) has launched the service of holding company formation to allow investors to diversify their investments. Through the holding company set-up, which starts from AED 10,535, investors can own …
Saudi authorities aim to restore normal life
31 May 03:21 PM Saudi railways, public transport resume operations on Sunday
Riyadh – Mubasher: The Saudi Railways Organization (SRO) on Sunday has resumed passenger train operations at more than 99% seat occupancy, Saudi Press Agency (SPA) reported. Two passenger train trips have left early this day between Riyadh and …
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31 May 01:01 PM Aljazira Takaful inks SAR 2m deal with Bank AlJazira
Riyadh – Mubasher: Aljazira Takaful Taawuni Company on Sunday has signed an insurance contract worth SAR 2.3 million with Bank AlJazira for the renewal of the collective protection plan for the banks’ employees. The plan has been renewed for …
The deal carries a maturity period of 50 days
31 May 12:10 PM Tihama’s unit to make documentary on coronavirus
Riyadh – Mubasher: A subsidiary of Tihama Advertising and Public Relations Company has signed a contract on 23 May 2020 to produce a documentary about the coronavirus (COVID-19) in collaboration with the Saudi Ministry of Media. The deal is valued …
KIPCO owns a 87.6% stake in OSN
31 May 10:30 AM KIPCO reclassifies investment in OSN to subsidiary
Mubasher: The Board of Directors of Kuwait Projects Holding (KIPCO) has reclassified the company’s investment in OSN to an investment in a subsidiary form a joint-venture (JV) classified as held for sale. The new subsidiary will consolidate in …
DP World seeks to connect all its 82 container terminals with TradeLens
28 May 01:42 PM DP World collaborates with TradeLens on global supply chain digitisation
Dubai – Mubasher: DP World on Thursday announced the completion of early integration with TradeLens, a blockchain-based digital container logistics platform, developed by A.P. Moller - Maersk and IBM, listed on the New York Stock Exchange (NYSE). …
Union Properties incurred a net loss of AED 218.806 million in 2019
27 May 12:44 PM Union Properties’ unit initiates arbitration procedures to claim AED 1.5bn
Dubai – Mubasher: Union Properties announced that a fully-owned subsidiary company undertook legal procedures to claim about AED 1.5 billion. “The Executive Management will not spare any effort in pursuit of the collection of the amount owed,” …
Italian NPL Fund II invests in mortgage-backed non-performing loans
27 May 11:22 AM Investcorp closes EUR 340m investment in Italian NPL Fund II
Mubasher: Investcorp, listed on Bahrain Bourse, on Wednesday the final closure of about EUR 340 million in commitments for its second vintage Italian Distressed Loan Fund II (Italian NPL Fund II), advised by the Italian financial advisory company …
The tenants will be provided with a rent-free relief
25 May 03:41 PM Mubadala exempts tenants from lease for three months
UAE- Mubasher: Mubadala Real Estate and Infrastructure (MREI) will exempt retail tenants at its Abu Dhabi mall, Galleria Al Maryah Island, from paying the monthly lease. The tenants will be provided with a rent-free exemption over three months …