Mubasher: e& and Bespin Global concluded the establishment of a joint venture (JV) that aimed to secure public cloud-managed and professional services across the Middle East, Turkey, Africa, and Pakistan (METAP). The ADX-listed company holds a 65% …
Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes Holding) has successfully rebranded to EFG Holding to ensure the brand evolves in line with the group’s expansion across three verticals: EFG Hermes the investment bank, EFG …
Mubasher: The Kuwaiti AAN Digital Services Holding Company announced the delisting of its shares from Dubai Financial Market (DFM) upon the Kuwaiti Capital Markets Authority (CMA) resolution to delist from Boursa Kuwait. Delisting AAN Digital’s …
Mubasher: The net profits attributable to shareholders of GFH Financial Group were valued at $24.01 million in the first quarter (Q1) of 2023, up 25.60% from $19.12 million in Q1-22. The higher net profits were backed by growth across the group’s …
Abu Dhabi – Mubasher: e&, formerly known as Etisalat Group, has entered into a strategic agreement with Vodafone Group to join forces in certain key areas of their businesses across Europe as well as the Middle East and Africa (MEA) region. The …
Mubasher: Kuwait-listed Jazeera Airways will commence operating direct flights to the Sphinx International Airport in Egypt on 16 May 2023. With the new route, the airline currently flies direct flights to seven cities in Egypt. This brings the …
Mubasher: National Mobile Telecommunications Company (Ooredoo) posted net profits attributable to the owners valued at QAR 961 million in the first quarter (Q1) of 2023, an annual hike of 43% from QAR 671 million. The firm generated revenues worth …
Riyadh – Mubasher: Saudi Transformers Company, a subsidiary of Electrical Industries Company (EIC), won a SAR 79 million project contract on 20 April, according to a bourse disclosure. The deal covers the provision of distribution transformers for …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has become the first Islamic bank that went live on the UAE’s KYC (Know Your Customer) Blockchain Platform. Through the platform, which is a national ecosystem for the exchange of verified KYC …
Abu Dhabi – Mubasher: Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) appointed Himanshu Kapania as the new Chairman of the board. The firm also named Mohammed Abdullatif Khalifa Al Shehhi as the Vice …
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) inaugurated a new showroom in Kuwait at a total investment of SAR 25 million, according to a bourse disclosure. Located in the Avenues Mall in the Al Rai area, the showroom spans 1,394 …
Dubai – Mubasher: Amanat Holdings has launched its new healthcare platform called Amanat Healthcare, according to a recent press release. The new entity runs its business across the UAE, Saudi Arabia, and Bahrain, holding an expected total …
Abu Dhabi – Mubasher: Nasdaq-listed biotechnology firm Celularity has entered into an exclusive distribution agreement with AD Ports Logistics (ADPL), a subsidiary of AD Ports Group's Logistics Cluster, according to a press release. The UAE group …
Mubasher: The annual general meeting (AGM) of GFH Financial Group (GFH) agreed to distribute a cash dividend of $0.01 (AED 0.05) per share for 2022, excluding treasury shares. Meanwhile, the dividends account for 6% of the share nominal value, …
Cairo – Mubasher: Egypt Kuwait Holding raised its equity ownership in Bawabet Al Kuwait Holding Company (BKH) by 13.12%, making the total shareholding in the closed Kuwaiti firm reach 84.79%. The EGX-listed company purchased the additional stake …
Cairo – Mubasher: Hassan Allam Utilities has teamed up with the Kuwaiti Agility Public Warehousing Company to form Yanmu as a joint venture (JV) that will allow the development, construction, and operation of modern logistics parks and Grade A …
Mubasher: Kuwait-based airline Jazeera Airways announced the potential establishment of a low-cost airline in Saudi Arabia. The new entity will be founded along with Saudi partners and will be based at the King Fahad International Airport in …
Abu Dhabi – Mubasher: Investment and holding company ADQ has teamed up with International Holding Company to create the largest multi-asset class investment manager in the MENA region. The investment manager, which will be headquartered in Abu …
Mubasher: GFH Financial Group achieved net profits attributable to the shareholders worth $90.25 million in 2022, an annual growth of 7.20% from $84.22 million. Total income jumped by 10.80% to $441.67 million during the January-December 2022 …
Abu Dhabi – Mubasher: Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) recorded net profits of AED 21.08 million in 2022, down from AED 32.87 million a year earlier. The UAE-based firm witnessed an annual …
Mubasher: Venture debt investments in the MENA region have exceeded $260 million through 18 financing deals during 2022, according to a report by Shuaa Capital and MAGNiTT. The report indicated that the high value came despite a backdrop of …
Abu Dhabi - Mubasher: Al Seer Marine, a subsidiary of the International Holding Company (IHC), has announced MEGA II to be the biggest maritime 3D printer in the world, according to a press release. The giant 3D printer will offer several …
Mubasher: Infracorp, a sustainable infrastructure platform launched by GFH Financial Group, has teamed up with UK-based Equitix to invest in Aurora Infrastructure Oy, a Finnish electricity network. Through the partnership, Infracorp plans to …
Mubasher: National Mobile Telecommunications Company (Ooredoo) has appointed Ali bin Jabor Al Thani as the new CEO of Ooredoo Qatar, according to a press release. Before his new role, Al Thani served as the Chief Legal, Regulatory, and Governance …
Mubasher: Agility Public Warehousing, listed on Dubai Financial Market (DFM) as well, has signed a new credit facility agreement with a local bank at a value of KWD 50 million. Meanwhile, the company has secured nearly $3 billion (KWD 915 million) …
