Stocks News

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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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, …
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 …
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). …
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 …
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 …
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 …
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 …
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 …
All of the company’s employees are on site and carrying out their duties normally
19 October 2017 00:08 PM Dana Gas affirms usual operations in Kurdistan
Abu Dhabi – Mubasher: Dana Gas, listed on Abu Dhabi Securities Exchange (ADX), on Thursday affirmed that its operations and production in the Kurdistan Region of Iraq (KRI) are proceeding as usual. “The Company continues to supply gas to the power …
The company aims by establishing these new subsidiaries to enter the Jordanian, Iraqi, and Asian markets
19 October 2017 11:44 AM SIEC launches subsidiaries in UAE, Jordan
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC) on Wednesday announced the launching of two 100%-owned subsidiaries in the UAE and Jordan. The company aims by establishing these new subsidiaries to enter the Jordanian, Iraqi, and Asian …
This acquisition step is expected to expand Investcorp’s geographic footprint
18 October 2017 05:06 PM Investcorp acquires UK Kee Safety in $370m deal
Mubasher: Investcorp announced its agreement on acquiring Dunedin’s stake in the UK-based Kee Safety for a total value of GBP 280 million ($370 million), according to a recent statement. Investcorp is a leading provider and manager of alternative …
The project would include 70,000 units and villas
19 September 2017 02:58 PM Emaar to invest $17bn in Baghdad
Dubai – Mubasher: Minister of industry and minerals Mohammed Shia' Al Sudani announced that Emaar Properties is planning to establish a residential complex in Baghdad downtown, costs $17 billion. The project would include 70,000 units and villas, …
Emaar recently unveiled the Cove 1 in the region
18 September 2017 09:31 AM Emaar launches Address Harbour Point
Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …
The payment was received on 30 August 2017
5 September 2017 05:54 PM Kurdistan pays $1bn to Dana Gas
Abu Dhabi – Mubasher: The Kurdistan Regional Government of Iraq (KRG) paid $1 billion to Pearl Petroleum, a 35%-owned subsidiary of Dana Gas, as part of a recent settlement agreement. The payment was received on 30 August 2017, the same day the …
Dana Gas Egypt’s production output grew by 13% during the first half of 2017
15 August 2017 04:02 PM Dana Gas to drill 3 new wells in Egypt
Abu Dhabi – Mubasher: Dana Gas on Tuesday said its receivables from the Egyptian government contributed to its profit growth during the first half of 2017. The Sharjah-based gas company also announced plans to drill three exploration wells on …
Dana generated $142 million in free cash flow in H1-17
15 August 2017 00:27 PM UAE’s Dana Gas gets $135m in dues from Egypt
Abu Dhabi – Mubasher: Dana Gas on Tuesday said its receivables from the Egyptian government contributed to its profit growth during the first half of 2017. Dana generated $142 million in free cash flow in the period between January and June from …