Stocks News

Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) launched the region’s first tokenised, contactless payment methods through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and …

Riyadh – Mubasher: Saudi Arabia cut the January 2023 official selling price (OSP) for its flagship Arab Light crude for Asian buyers to a 10-month low, on concerns over a drop in demand and a potential increase in Russian competition. The Saudi …

Mubasher: Dubai-based Bioventure, Minapharm Pharmaceuticals, and MiGenTra GmbH have signed an exclusive licence agreement for the commercialisation of multiple biosimilar candidates developed and manufactured by Alvotech, in Egypt and eighteen …

Cairo – Mubasher: Egypt will host the 25th edition of the Euromoney conference on 7 December 2022, under the auspices of Prime Minister Mostafa Madbouly, according to a press release. Mohamed Maait, Egypt’s Minister of Finance, as well as other …

Cairo - Mubasher: Fertiglobe, the strategic partnership between ADNOC and OCI, announced the start of the commissioning of the first phase of the green hydrogen plant in Egypt's Ain Sokhna, during an event at COP27.  The event was attended by …

Cairo – Mubasher: ACWA Power Company signed a memorandum of understanding (MoU) with Oman Investment Authority (OIA) to explore bringing the sovereign wealth fund on as an investor for the 1.1GW Suez wind energy project in Egypt.  According to the …

Riyadh – Mubasher: Kingdom Holding Company (KHC) and the private office of HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud (PO) announced the roll over of their ownership of the existing Twitter shares, amounting to 34.94 million …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) announced the initiation of a $1.50 billion sustainability fund that will target investments worldwide. The fund will be one of the world’s largest sustainability-focused venture capital (VC) …

Riyadh – Mubasher: A total of 15 Saudi and regional entities took part in the largest-ever carbon credit sale, during which 1.40 million tonnes of carbon credits were successfully auctioned at the Voluntary Carbon Market Initiative in the Future …

Cairo – Mubasher: Artificial intelligence (AI) is expected to contribute $320 billion to the economic growth of the Middle East and North Africa (MENA) by 2030, the Middle East News Agency (MENA) cited e& CEO, Hatem Dowidar.  The UAE is forecast …

Riyadh – Mubasher: Amin Nasser, President and CEO of the Saudi Arabian Oil Company (Aramco), urged policymakers and every stakeholder across the globe to unite the world around a much more credible new energy transition plan. During his keynote …

Mubasher: First Abu Dhabi Bank (FAB) plans to endorse sustainable development projects across the Middle East with financing worth $75 billion by 2030, Ahram Gate cited Shargiil Bashir, Chief Sustainability Officer at FAB. Bashir pointed out that …

Dubai – Mubasher: Mastercard and Ajman Bank announced launching the world-first Touch Card, an accessible payment card that will enable blind and partially sighted people to easily facilitate payments and distinguish between their cards. The new …

UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …

Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …

UAE - Mubasher: UAE-based DAMAC Group, the parent company of the listed Damac Properties Dubai Copmany, has announced plans to launch its digital products including virtual homes, property, and jewellery in the metaverse world. The group intends …

Abu Dhabi – Mubasher: International Holding Company (IHC) has established a new subsidiary, dubbed Rebound Ltd, to launch Rebound Plastic Exchange as an innovative solution that aims to reduce the world’s plastic pollution. Rebound Plastic …

Mubasher: Aramex has teamed up with Virtuzone to offer logistics and shipping solutions to the members of AMP, an e-commerce startup accelerator programme in the MENA region. Under the partnership, Aramex will provide AMP members with special …