Cairo – Mubasher: Orascom Investment Holding (OIH) announced the end of negotiations with Qatari Diar Real Estate Investment Company and Bawabet Al Sharq Misr For Real Estate Development. Orascom was eyeing the acquisition of a stake in Bawabet Al …
Mubasher: Investcorp has sold a portfolio of industrial real estate properties located in the Boston and Chicago metropolitan areas in the US, through two separate transactions at a combined value of more than $200 million. Investcorp acquired the …
Riyadh - Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) will slash its August-loading shipments of medium and heavy crude grades to at least six Asian buyers, Reuters reported on Monday citing sources familiar with the matter. Buyers in …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised the August official selling prices (OSP) for its Arab light crude oil sold to all markets, Reuters reported on Monday. The oil giant set the August OSP for Asian customers …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has adjusted the local fuel prices after the decision to increase the value-added tax (VAT) to 15% came into effect on Wednesday. The oil giant has set the prices for the Octane …
Riyadh - Mubasher: Saudi Aramco has reportedly decreased the July crude volume that it will supply to at least five Asian buyers, Reuters reported on Monday citing multiple sources. The reductions were primarily made for the medium and heavy …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has increased the price of its propane futures for June delivery to $350 a tonne from $340 in May, a pricing document reported by Reuters showed on Sunday. Butane prices for June have …
Riyadh – Mubasher: Saudi Arabia’s Ministry of Energy has directed Saudi Aramco to reduce crude oil production in June, Saudi Press Agency (SPA) reported. The output will include an extra voluntary amount of one million barrels per day (b/d), in …
Abu Dhabi – Mubasher: Commercial Bank International (CBI) has negated any financial exposure to Phoenix Commodities Pvt or its related parties, according to the bank's disclosure to the Abu Dhabi Securities Exchange (ADX) on Monday. Founded 20 …
Mubasher: Bahrain's Investcorp and Tages Group on Wednesday announced the creation of a 50-50 joint venture (JV), Investcorp-Tages Limited, by combining the absolute return investments (ARI) businesses of Investcorp and Tages Capital, the absolute …
UAE – Mubasher: Air Arabia Abu Dhabi, a joint venture between Etihad Airways and Air Arabia, has obtained its Air Operating Certificate (AOC), becoming the fifth UAE national operating airline. To operate from Abu Dhabi, Air Arabia Abu Dhabi has …
Dubai – Mubasher: Air Arabia will operate new repatriation flights from four cities in India to Sharjah to bring Emirati nationals back home. The special flights will operate from Mumbai and Delhi to Sharjah International Airport on Monday, 20 …
Mubasher: Jazeera Airways has operated 15 flights last Sunday as part of the first phase of the air bridge flights to repatriate Kuwaiti citizens from abroad in light of the coronavirus (COVID-19) outbreak. The airline operated four flights from …
Mubasher: Kuwait International Airport on Sunday received two passenger flights from Dubai and Abu Dhabi as part of the air bridge flights to evacuate Kuwaiti nationals from abroad amid the coronavirus (COVID-19) pandemic. The flights were …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has decided to delay its pricing decision for crude exports for May delivery, in anticipation for OPEC+ talks. Aramco is expected to announce its crude prices for May on Monday, …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the selling price of propane for April futures at $230 per tonne, down from $430 per tonne in March. Aramco further announced, as cited by Reuters, that the selling price of …
Mubasher: Kuwait's Directorate General of Civil Aviation (DGCA) announced that three chartered flights to Egypt, Lebanon, and Bahrain will take off on Wednesday, 25 March, from the Kuwait International Airport to bring back Kuwaiti citizens. …
Mubasher: The board of Jazeera Airways has cancelled the proposed cash dividends distribution and recommended not to distribute any dividends for the fiscal year (FY) ended on 31 December 2019 in an attempt to curb the fallout from the coronavirus …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is closely monitoring the situation of the coronavirus (COVID 19) outbreak on a daily basis, Saudi Press Agency (SPA) reported. Aramco has developed emergency and prevention plans …
Abu Dhabi - Mubasher: Dana Gas has confirmed that the coronavirus (COVID-19) outbreak has not impacted its exploration and production operations and facilities in the Kurdistan Region of Iraq (KRI) and Egypt. Sold under long term gas sale …
Riyadh – Mubasher: The Saudi Ministry of Energy has directed the Saudi Arabian Oil Company (Saudi Aramco) to continue to supply crude oil at a level of 12.3 million barrels per day (b/d) over the coming months, Saudi Press Agency (SPA) reported. …
Mubasher: Investcorp announced that its European real estate business has acquired The Bridge, a single let office and research and development (R&D) asset in Brussels, from a wholly-owned subsidiary of the Coca-Cola Company for EUR 88 million …
Mubasher: Jazeera Airways has placed its 14-aircraft fleet of at the disposal of the Kuwaiti government, as part of its national duty as the country faces the outbreak of the new coronavirus (COVID-19). The Gulf state can use the airline’s fleet …
Riyadh – Mubasher: The Saudi Telecom Company (stc) announced that 3,000 employees will start working remotely as of Sunday for two weeks, in line with efforts to combat the spread of the new coronavirus (COVID-19). The initiative is also part of …
Dubai – Mubasher: DXB Entertainments has temporarily closed all its theme parks until 31 March to face the coronavirus (COVID-19) outbreak and re-evaluate the situation globally. The closure of the theme parks comes in line with the direction of …
