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20 October 09:49 PM

Stocks News

This free-of-charge ‘KFHTrade’ service will offer stocks trading
18 October 04:24 PM ‘KFHTrade’ free service to support GCC brokers, investors
Edited By: Ingy ElSafy Mubasher: Kuwait Finance House (KFH) has launched a new service ‘KFHTrade’ in collaboration with KFH Capital for investment Co, according to an official statement by the bank on Thursday. KFHTrade will offer high standards …
Stock Evaluations
The new route's flights will be launched on Tuesdays and Fridays
16 October 11:00 AM Air Arabia launches new route to Sulaimaniyah
Dubai – Mubasher: Air Arabia has launched new destination to Sulaimaniyah, marking its fourth destination to Iraq and its 152th route globally.  Starting from 6 November, the Dubai-listed airline will provide two weekly three-hour flights to the …
Management Decisions
Zain Kuwait has started to invest in the infrastructure over the past two years
14 October 05:30 PM Zain Kuwait plans to launch 5G service end-2018
Mubasher: The Kuwaiti telecom company Zain intends to launch its first services and applications of the 5G internet by the end of 2018 in case all frequencies allocated for this service are completed, the CEO of Zain Kuwait Iman Al Rawdan told …
Companies Investments
The Iraqi media commission decided to impose a fine against Zain
23 September 12:02 PM Court ruling exempts Zain Iraq from paying $100m
Mubasher: Zain Group announced that a court has issued a ruling that orders the National Communications and Media Commission of Iraq not to claim the fine against Zain Iraq. In a disclosure to Boursa Kuwait on Sunday, Zain said it that the Iraqi …
Law
Pearl Petroleum received AED 773 million in payments from the KRG YTD
10 September 11:20 AM Dana Gas receives AED 28m from KRG
Abu Dhabi – Mubasher: Dana Gas has announced that its 35%-owned subsidiary Pearl Petroleum Company Limited received AED 79.2 million ($21.6 million) from the Kurdistan Regional Government (KRG) concerning condensate sales. Dana’s share of the last …
Companies Investments
The board explained that the reason for this move is to reduce the sector’s risks on the holding company
9 September 05:49 PM Saudi Chemical to transfer explosives sector to subsidiary
Riyadh – Mubasher: Saudi Chemical Co’s board has proposed transferring the firm’s explosives segment to its wholly-owned subsidiary Saudi Chemical Co. Ltd. The board explained that the reason for this move is to reduce the sector’s risks on the …
Corporate Actions
The banking sector topped the QSE’s losers declining 3.59%
13 August 11:54 AM Turkish lira poses threat to QSE’s banking sector
Mubasher: The Qatar Stock Exchange (QSE) has been affected adversely by Turkey's currency crisis. The Qatari bourse ended Sunday’s trading session in negative territory, after the general index fell 251.86 points, or 2.55%, to 9,635 points. The …
Currencies
Mashreq Bank, GE, Trade Bank of Iraq ink major electricity deal
9 August 02:50 PM Mashreq Bank, GE, Trade Bank of Iraq ink major electricity deal
Dubai – Mubasher: Mashreq Bank has announced entering into a strategic deal to develop power projects in Iraq. The deal signed by the Dubai-based bank along with General Electric (GE) and the Trade Bank of Iraq for the development will help …
Macroeconomics
Dana Gas eyes more revenues from Kurdistan in H2
16 July 04:40 PM Dana Gas eyes more revenues from Kurdistan in H2
By: Mahmoud Gamal Abu Dhabi – Mubasher: Dana Gas expects to see additional revenues in the second half of 2018 after the first phase of expansion operations in the Kurdistan Regional Government (KRG) of Iraq are completed, the company’s head of …
Financial Results
Both firms will work on boosting the production capacity of the power plant to 1,500 megawatts
8 July 01:08 PM Orascom Construction, Siemens to rebuild power plant in Iraq
Cairo – Mubasher: Orascom Construction Egypt will partner up with German industrial conglomerate Siemens to rebuild Baiji power plant in Iraq after it was destroyed by ISIS, Iraq's commercial attaché to Cairo Haidar Nouri Al-Jabr said. He added …
Companies Investments
The dividends included a $7 million (AED 52.8 million) payment for June
8 July 10:24 AM Dana Gas gets $44m in dividends from KRI in H1
Abu Dhabi – Mubasher: Dana Gas on Sunday revealed it has received $43.75 million (AED 161 million) in total dividends from Pearl Petroleum Company Limited for condensate and LPG sales in the Kurdistan Region of Iraq (KRI) in the first half of …
Corporate Actions
Pearl Petroleum signed a 10-year gas sales agreement
10 April 10:53 AM Dana Gas receives AED 53bn from Iraqi Pearl Petroleum
Abu Dhabi – Mubasher: Dana Gas announced that it had received AED 52.8 million ($14.4 million) from Pearl Petroleum Company for condensate and liquefied petroleum gas (LPG) sales in Iraqi Kurdistan in the first quarter of 2018. The paid amount did …
Companies Investments
Arabia Investments is planning to compete for electricity projects in several Arab countries
26 March 06:34 PM Egypt’s Arabia Investments eyes electricity projects bids in Saudi, Kuwait, Libya
By: Ahmed Allam Cairo – Mubasher: Arabia Investments, Development, and Financial Investment Holding Company is planning to compete for electricity sector projects in Kuwait, Saudi Arabia, Iraq, and Libya in the coming period, its deputy chairman …
Companies Investments
Flydubai and other airline firms resumed their flights to and from Kurdistan
26 March 09:35 AM Air Arabia resumes flights to Erbil
Dubai – Mubasher: Middle East budget carrier Air Arabia has resumed its flights to Erbil after launching a flight to the capital of Iraqi Kurdistan from Sharjah. There will be two flights per week; namely on Monday and Friday, increasing to …
Companies Investments
Pearl Petroleum’s total investment surpassed $1.3 billion
21 March 03:00 PM Pearl Petroleum, KRG ink 10-yr gas agreement
Abu Dhabi - Mubasher: Pearl Petroleum, a five-company consortium led by Crescent Petroleum and Dana Gas, has signed a 10-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG). Under the deal, UAE-based Crescent Petroleum and …
Companies Investments
The updates will be announced after completing the agreements
11 March 11:40 AM Emaar Properties mulls expansion in Baghdad
Dubai – Mubasher: The UAE’s Emaar Properties has considered a slew of investments in Baghdad’s Al Rasheed City project. The updates will be announced after completing the agreements, CNBC Arabia reported, citing the Dubai property firm as saying. …
Corporate Actions
The Nebras project is still in the pre-FEED stage
28 February 12:30 PM SABIC in talks to invest in Iraq's Nebras petrochemical project
Riyadh – Mubasher: Saudi Basic Industries Corp (SABIC) is in talks to be a partner in the Iraq-based Nebras petrochemical project, said an advisor to Iraqi Prime Minister Haider al-Abadi. The talks between Saudi Arabia and Iraq have reached …
Corporate Actions
The service is expected to be completely restored gradually within a few days
2 January 11:29 AM TE works to solve internet problem in Egypt, other countries
Cairo – Mubasher: Telecom Egypt (TE) has announced that it is working on resolving a problem regarding the internet efficiency in Egypt and some neighbouring countries. The service is expected to be completely restored gradually within a few days, …
Companies Investments
SABIC reopens its office in Iraq
5 December 2017 05:19 PM SABIC reopens its office in Iraq
Riyadh – Mubasher: Saudi Basic Industries Corp (SABIC) on Tuesday said it reopened its office in Iraq. SABIC, and delegations from the Kingdom's public and private sectors are participating in Basra International Oil and Gas Conference and …
Corporate Actions
Emaar Properties will commence the construction of the project in 2018
27 November 2017 10:14 AM Emaar Properties to execute AED 37bn project in Iraq
Dubai – Mubasher: Central Bank of Iraq’s governor Ali Mohsen Al-Alaq on Monday unveiled an agreement with the UAE’s Emaar Properties to implement the new Al-Rasheed Residential City Project with total investments of $10 billion (AED 36.8 billion). …
Companies Investments
Emaar Properties’ unit eyes global hotel portfolio expansion
19 November 2017 10:48 AM Emaar Properties’ unit eyes global hotel portfolio expansion
Dubai - Mubasher:  Oliver Harnisch, CEO of Emaar Hospitality Group, has said that the group intends to double its hotel portfolio four times by 2021. Harnisch explained that the Emaar Properties subsidiary  has 30 hotels under development in the …
Global Indices
Saudi Prince Alwaleed bin Talal is rumoured to be selling his hotels in Beirut
14 November 2017 08:12 PM Bin Talal’s Beirut hotels go up for sale
Riyadh – Mubasher: Saudi Prince Alwaleed bin Talal is rumoured to have put its luxury hotels in Beirut up for sale. “A Lebanese commercial bank has been commissioned to find buyers for the posh Four Seasons Hotel Beirut and Movenpick Hotel …
Global Indices
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 2017 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …
Politics Global Indices
The project will be the first major scheme involving the two state giants
25 October 2017 09:47 PM Aramco, SABIC receive bids for $20bn petrochemicals project
Riyadh - Mubasher: Saudi Aramco and Saudi Basic Industries Corp (SABIC) have reportedly received project management consultancy bids for a planned joint venture oil-to-chemicals project, industry sources told Reuters on Wednesday. The two Saudi …
Companies Investments Global Indices
Aramco is the biggest oil company in the world
24 October 2017 11:46 PM Aramco to decide on COTC with SABIC by year-end
Riyadh - Mubasher: Saudi Aramco expects to decide on the plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC) by the end of 2017, as reported by the Reuters. “We finished the feasibility. We are at a stage where we …
Companies Investments Global Indices