Stocks News

Abu Dhabi - Mubasher: EasyLease Motorcycle Rental has acquired 60% of Fully Charged, one of the leading companies in the manufacture, supply, and installation of chargers for various types of electric vehicles (EV). The ADX-listed company …

Mubasher: National Mobile Telecommunications Company (Ooredoo), Mobile Telecommunications Company (Zain Group), and TASC Towers Holding joined forces to create the largest tower firm in the MENA region. Under a cash and share deal, the joint tower …

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has teamed up with French energy multinational ENGIE by signing a memorandum of understanding (MoU) agreement during the 28th UN Climate Change Conference of the Parties (COP28) to advance their …

Dubai – Mubasher: The carbon credits trading pilot programme by Dubai Financial Market (DFM) was launched on 5 December 2023, where institutional investors will be able to buy and sell until 11 December. Making its debut at the 28th UN Climate …

UAE – Mubasher: Abu Dhabi’s global tech ecosystem Hub71 has launched Hub71+ ClimateTech as a specialist ecosystem dedicated to endorsing and helping startups across the globe, according to a press release. Meanwhile, the Abu Dhabi National Oil …

Dubai – Mubasher: Ajman Bank has teamed up with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through the lender’s digital app. The listed bank will deploy its digital banking platform to offer …

Dubai – Mubasher: Erguvan, a climate and fintech venture that Emirates NBD recently invested in, launched a pilot programme to deploy its carbon management solution Azalt among regional small and midsize enterprises (SMEs). The project was …

Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) teamed up to expand the earth observation (EO) space programme from five to seven synthetic aperture radar (SAR) satellites. This move will enable Bayanat and …

Cairo – Mubasher: Prefabricated Buildings Development Industrial Company, a 100%-owned subsidiary of the Egypt-based listed Industrial Engineering Company for Construction and Development (ICON), has penned a contract to develop a project in Saudi …

Riyadh – Mubasher: ACWA Power Company has concluded agreements with international entities at a combined value of $746 million during the seventh Future Investment Initiative (FII7) conference which was held in the capital of Saudi Arabia on 24-26 …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) penned a joint development agreement with NEOM’s energy and water company ENOWA to build the first-of-kind synthetic electro fuel (e-fuel) demonstration plant, according to a press release. …

By: Ingy ElSafy Riyadh – Mubasher: Energy availability is essential for functioning economies is among the top quotes said on the first day of the seventh Future Investment Initiative (FII) conference, which is being held in the capital of Saudi …

Mubasher: GFH Financial Group has inked an agreement to acquire a leading food services and logistics business in Saudi Arabia at an enterprise value of nearly SAR 500 million. The signing took place on the slides of the seventh edition of the …

Riyadh – Mubasher: Saudi Electricity Company(SEC) inked a USD-denominated international syndicated facility agreement at a total value of $3 billion, equivalent to SAR 11.25 billion, during the proceedings of the global economic event, the Future …

Riyadh – Mubasher: Saudi Electricity Company (SEC) has revealed investment plans until 2030 in line with its participation as a strategic partner in the seventh edition of the Future Investment Initiative (FII) event being hosted in Riyadh on …

Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …

Dubai - Mubasher: Emirates NBD has initiated a digital wealth platform within its newly launched ENBD X mobile application to allow trading securities and exchange-traded funds (ETFs) on global and local exchanges, according to a press release. …

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) recently issued its inaugural USD Tier 2 capital securities at a value of $1 billion to become the largest conventional bond of its kind from a MENA bank. The 10.5NC5.5-year bond, which was offered …

Cairo – Mubasher: The four telecom companies operating in Egypt allowed free international calls and messages to Gaza for seven days starting from 19 October 2023 at 12 pm, subject to terms and conditions, according to separate statements. The …

Cairo – Mubasher: Beltone Capital, a wholly owned subsidiary of Beltone Financial Holding, signed a framework agreement with CRIF to enhance the digital banking services in Egypt as well as the MENA region. The two entities will cooperate on …

Abu Dhabi – Mubasher: ADNOC Gas has awarded a $615 million (AED 2.26 billion) contract to Petrofac Emirates for its carbon capture project, according to a press release. The engineering, procurement, and construction (EPC) agreement comes within …

Cairo - Mubasher: MENA-based deep tech firm Intella, has successfully closed a $3.40 million pre-Series A funding round, according to a press release. The round was led by HALA Ventures and Saudi Arabian Oil Company (Aramco)-backed Wa’ed Ventures, …

Mubasher: Dubai Electricity and Water Authority (DEWA) and ACWA Power Company signed a 30-year water purchase agreement (WPA) for phase 1 of the Hassyan Sea Water Reverse Osmosis (SWRO) desalination project. The project will be carried out by …