Cairo – Mubasher: President of Egypt, Abdel Fattah El-Sisi, has presented an initiative to the G20 group to consider easing debt burdens on African countries, in light of the impacts of the coronavirus (COVID-19) crisis on the continent’s …
Abu Dhabi – Mubasher: The Abu Dhabi National Exhibition Centre (ADNEC) company has contributed AED 4.9 billion to the UAE economy during 2019, up by 46% when compared to 2018, according to the Emirates News Agency (WAM). Therefore, the company's …
UAE – Mubasher: The amount of the investments attracted by ZonesCorp, the UAE's largest operator of economic zones, since the beginning of 2020 have exceeded AED 350 million, Emirates News Agency (WAM) reported. Serving different sectors including …
UAE – Mubasher: The Department of Culture and Tourism in Abu Dhabi (DCT Abu Dhabi) has temporarily closed cultural sites from Sunday 15 March until 31 March 2020, Emirates News Agency (WAM) reported. The move comes in line with precautionary …
Riyadh – Mubasher: The board of directors of Jarir Marketing Company recommended a cash dividend distribution of 22% of the company’s capital or SAR 2.2 per share for the fourth quarter of 2019. The board agreed to distribute a total of SAR 264 …
Dubai – Mubasher: The board of directors of Dubai Investments recommended a cash dividend distribution of 10% of the company’s capital or 10 fils per share for 2019. The total proposed dividends amounted to AED 425.2 million for the year ended 31 …
Abu Dhabi – Mubasher: The board of directors of Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), recommended a cash dividend distribution of 5 fils per share for the fiscal year 2019. The proposal is still pending shareholder approval …
Cairo – Mubasher: Cityscape Egypt, originally set to be held from 18 to 21 March, has been postponed as the government decided to halt all large public gatherings amid rising concerns over the spread of the new coronavirus (COVID-19), the leading …
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Thursday suspended trading the shares of Alujain Holding. The one-day suspension is upon the company’s request, in accordance with the listing rules and procedures, as it will announce a …
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 …
Cairo – Mubasher: The board of directors of Ghabbour Auto (GB Auto) provided a recommendation to the extraordinary general meeting (EGM) to retract its decision to merge with RG Investments (RGI). The board also proposed cancelling all the effects …
UAE – Mubasher: The value of the non-oil trade exchange between the UAE and Mexico increased by 15% to $1.4 billion in 2019 from $1.2 billion in 2018. This announcement came during a meeting between the UAE's minister of economy Sultan bin Saeed …
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved a request to list the shares of the capital increase of Heliopolis Company for Housing and Development (HHD). The company’s capital will be increased to EGP 333.77 million …
UAE – Mubasher: The total value of deals signed during the three-day Unmanned Systems Exhibition (UMEX) and Simulation and Training Exhibition (SimTEX) 2020 has amounted to AED 749.081 million, according to the Emirates News Agency (WAM). On …
UAE – Mubasher: Additional 1.4 million visitors from five key markets, namely India, Saudi Arabia, Philippines, the UK, and Pakistan, will arrive to the UAE during Expo 2020 Dubai. At the event, set to welcome 25 million visitors during the period …
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 …
Riyadh – Mubasher: Saudi Arabia is working with all stakeholders in the energy sector seeking optimum development, according to the Saudi Minister of Energy, Prince Abdulaziz bin Salman. The ministry is cooperating with other government entities …
Riyadh – Mubasher: The Saudi Ministry of Finance signed four memoranda of understanding (MoU) on the sidelines of the Municipal Investment Forum (Furas). The first MoU was signed by Fahad Al-Saif, President of the ministry’s Debt Management Office …
Riyadh – Mubasher: Chairman of the Saudi Commission for Tourism and National Heritage (SCTH), Ahmed Al Khatib, said that around SAR 115 billion are ready to be invested in the tourism sector. Investments would be through the tourism development …
Riyadh – Mubasher: KPMG officially opened its first Insights Center in the Middle East in its new head office in Riyadh. The facility was inaugurated by the Saudi Minister of Communications and Information Technology Abdullah Al Swaha. The opening …
Mubasher: Saudi Arabia's Pavilion has signed at Expo 2020 Dubai a memorandum of understanding (MoU) with Emirates Foundation to launch a voluntary work program. The Saudi pavilion, which is the largest international pavilion participating in Expo …
Cairo – Mubasher: Egypt plans to transform Sharm El-Sheikh into a smart sustainable green city, to increase the ratio of open areas per capita for both citizens and visitors from around the globe. The General Authority for Urban Planning, Ministry …
Cairo – Mubasher: The Egyptian Petroleum Projects and Technical Consultations Company (PETROJET) will be working on petroleum and refining projects in Equatorial Guinea for the first time, as per agreements signed during day two of the Egypt …
Mubasher: Bahrain began today chairing the Federation of the Gulf Cooperation Council (GCC) Chambers (FGCC) in its 21st session for two years. Accordingly, the chairman of the Bahrain Chamber of Commerce and Industry (BCCI), Sameer Nass will …
Riyadh – Mubasher: Saudi Arabia has a unique mixture of investment opportunities across many fields with great potential, including mining, tourism, entertainment, sports and others, according to the Saudi Minister of Commerce and Investment, …
