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President of Egypt, Abdel Fattah El-Sisi
27 March 06:07 PM Egypt calls for African debt relief by G20 countries
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 …
The company's contribution to UAE economy amounted to AED 36.9 billion since 2005
26 March 10:25 AM ADNEC contributes AED 4.9bn to UAE economy in 2019
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 …
ZonesCorp is investing in areas of more than 260,000 m2
17 March 03:04 PM ZonesCorp attracts AED 350m investments in 2020
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 …
Louvre Abu Dhabi is among the cultural sites closing for two weeks
14 March 10:06 PM Abu Dhabi closes touristic, cultural sites amid coronavirus fears
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 …
Dividends will be distributed on 25 March
12 March 04:13 PM Jarir Marketing proposes SAR 2.2/shr dividend for Q4-19
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 …
The proposal is still subject to shareholder approval
12 March 10:41 AM Dubai Investments recommends AED 425.2m dividend for 2019
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 …
Dana Gas reported net profits of $157 million in 2019
12 March 09:42 AM Dana Gas proposes 5.5 fils/shr dividend for 2019
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 …
Egypt suspended all large public gatherings
11 March 12:52 PM Cityscape Egypt postponed on coronavirus concerns
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 …
The one-day suspension is upon the company’s request
5 March 11:08 AM Tadawul suspends trading Alujain
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 …
The development will be carried out in two phases
27 February 05:30 PM SCZone, DP World agree to develop 10 km in Ain Sokhna
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 …
Shareholders are set to meet on 26 March to vote on the proposal
27 February 12:18 PM GB Auto’s board retracts decision to merge with RGI
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 …
The UAE and Mexico discussed ways for economic cooperation
26 February 11:02 AM UAE’s trade exchange with Mexico rises 15% in 2019
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 …
Two bonus shares will be issued for every share held
26 February 10:52 AM EGX approves listing Heliopolis Housing’s capital raise shares
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 …
11 deals were inked at a value of over AED 124m in the event's third day
26 February 10:12 AM UMEX, SimTEX 2020 announce AED 749m deals
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 …
The UAE will receive around 3m international visitors during Expo 2020
25 February 05:12 PM Expo 2020 to attract additional 1.4m visitors from 5 key markets
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 …
iktva Forum and Exhibition is being held at the Dhahran Expo Center
25 February 02:06 PM Aramco signs $21bn agreements during iktva 2020
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 …
Saudi Minister of Energy, Prince Abdulaziz bin Salman
24 February 04:41 PM Saudi Arabia working on energy sector overhaul – Minister
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 …
MoUs were signed with BSF, Samba, and Riyad banks
24 February 04:11 PM Saudi finance ministry signs 4 MoU during Furas forum
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 …
Saudi tourism industry could see investments of SAR 115 billion
24 February 03:31 PM SCTH promises more reforms in tourism sector
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 …
The opening ceremony
24 February 12:44 PM First KPMG Insights Center inaugurated in Riyadh
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 …
Saudi Arabia Pavilion - Expo 2020 Dubai
13 February 03:27 PM KSA’s pavilion in Expo 2020 to launch voluntary program
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 …
Sharm El-Sheikh is one of Egypt's largest resorts and a world-renowned tourist attraction
12 February 02:20 PM Sharm El-Sheikh to become a smart green city
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 …
Egypt and Somalia agreed to enhance cooperation in the petroleum industry
12 February 12:26 PM Several MoUs signed on EGYPS 2020 second day
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 …
Federation of the GCC Chambers (FGCC)
10 February 02:29 PM Bahrain begins chairing FGCCC
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 …
Saudi Minister of Commerce and Investment speaking at RLC MENA
10 February 12:30 PM Saudi Arabia sees great growth in e-commerce – Minister
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, …