Mubasher TV
Contact Us Advertising   العربية

Gulf news

Photo Archive
18 March 05:43 PM Tadawul shows mixed performance on Monday
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Monday’s session higher by 10.03 points (0.08%) at 12,772.46 points. The trading value reached SAR 11.05 billion through the exchange of 672.03 …
Photo Archive
18 March 04:51 PM Almarai unveils SAR 18bn strategic plan
Riyadh – Mubasher: The board of Almarai Company greenlighted a strategic plan for the five years ending on 31 December 2028, with an investment programme exceeding SAR 18 billion. The plan aims to enhance continuous growth, enlarge sales, and …
Photo Archive
18 March 04:00 PM Saudi Enaya shifts to profitability in 2023
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company turned to profitability during the full year 2023, recording a net profit after Zakat attributable to shareholders of SAR 20.22 million, compared to a net loss of SAR 6.35 million a year …
Photo Archive
18 March 03:27 PM EFG Hermes completes advisory on Cenomi Retail’s sale deal
Mubasher: EFG Hermes, an EFG Holding Company concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail, according to a press release. The retail giant plans to sell a select portfolio of brands to Abdullah Al Othaim Fashion …
Photo Archive
18 March 03:25 PM UAE stock markets close Monday with positive performance
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 12.90 points (0.30%) on Monday, closing at 4,275.38 points. A total of 231.94 million shares were exchanged, generating a turnover of AED 389.64 million. Al Firdous …
Photo Archive
18 March 02:26 PM United Mining Industries obtains board’s nod for H2-23 dividends
Riyadh – Mubasher: The board of United Mining Industries Company greenlighted cash dividends valued at SAR 9.80 million, representing 7% of the capital, for the second half (H2) of 2023. The Saudi firm will distribute a dividend of SAR 0.70 per …
Photo Gallery
18 March 02:01 PM Ooredoo, e& team up to evolve submarine network in Middle East
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
Photo Archive
18 March 01:52 PM Chubb Arabia’s net profit jumps 98% YoY in 2023
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recorded a 97.95% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 24.81 million in 2023 from SAR 12.53 million. The insurance revenues grew 10.05% …
Photo Gallery
18 March 01:17 PM Energy Capital completes acquisition of Aujan Industrial
Riyadh – Mubasher: Saudi Arabia-based Energy Capital Group (ECG) has acquired Aujan Industrial Solutions (AIS), according to a press release. The transaction marks the fourth investment of the fund which was unveiled in the third quarter (Q3) of …
Photo Archive
18 March 12:38 PM Zoujaj to distribute SAR 16.5m dividends for H2-23
Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) unveiled the board’s decision to pay cash dividends valued at SAR 16.45 million for the second half (H2) of 2023. Zoujaj will disburse a dividend of SAR 0.50 per share, …
Photo Archive
18 March 12:28 PM Alandalus Property appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Alandalus Property Company’s board of directors has approved appointing a new Chairman and a Vice Chairman. The new Chairman Abdulsalam bin Abdulrahman Al Aqeel and Vice Chairman Saleh bin Muhammad Al Habib will be non-executive …
Photo Archive
18 March 12:25 PM Modern Gas develops SAR 2m subsidiary in Saudi Arabia
Cairo - Mubasher: The Modern Gas Company established a subsidiary in Saudi Arabia to work in the field of natural gas, under the name Modern Gas Saudi Arabia, according to an official statement. The newly established subsidiary has an initial …
Photo Archive
18 March 12:07 PM Arabian Drilling’s net profit rises 8% YoY in 2023; dividends recommended
Riyadh – Mubasher: Arabian Drilling posted an 8.42% year-on-year (YoY) increase in net profit to SAR 605 million in 2023 from SAR 558 million. The company’s revenues soared 28.59% YoY to SAR 3.47 billion last year from SAR 2.70 billion, according …
Photo Archive
18 March 11:39 AM Lana Medical’s unit wins contract in King Khalid Military City's campus
Riyadh – Mubasher: Lana Medical Company has announced that its unit Lana Contracting Company won a contract for restoration, furnishing, and modifications to the buildings of the Peninsula Shield Forces in Hafr Al-Batin. The SAR 7.99 million …
Photo Archive
18 March 11:12 AM Nahdi Medical’s net profit shows slight increase in 2023; dividends approved
Riyadh – Mubasher: Nahdi Medical Company’s net profit edged higher by 0.54% year-on-year (YoY) to SAR 892.60 million in 2023 from SAR 887.80 million. Revenues grew 1.13% YoY to SAR 8.71 billion last year from SAR 8.61 billion, according to the …
Photo Gallery
18 March 10:55 AM Aldar Properties sells Abu Dhabi’s most expensive apartment
Abu Dhabi – Mubasher: Aldar Properties has announced selling the most expensive apartment in Abu Dhabi for AED 137 million, or AED 96,000 per square meter. The sold unit is a three-bed penthouse at Nobu Residences on Saadiyat Island, according to …
Photo Archive
17 March 04:52 PM Southern Province Cement’s profits fall 35% in 2023
Riyadh – Mubasher: The net profits of Southern Province Cement Company plunged by 35.22% year-on-year (YoY) to SAR 195 million in 2023 from SAR 301 million. The revenues witnessed an annual drop of 12.44% to SAR 1.07 billion during the …
Photo Archive
17 March 04:22 PM Chemanol’s losses hit SAR 178m in 2023
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses amounting to SAR 177.80 million in 2023, compared to net profits valued at SAR 206.43 million in 2022. Chemanol witnessed 32.40% year-on-year (YoY) lower revenues at …
Photo Archive
17 March 03:42 PM Tadawul’s indices start week with positive performance
Riyadh – Mubasher: The Saudi Exchange’s (Tadawul) main and parallel markets indices ended higher on Sunday. The main market’s All Share Index (TASI) gained 33.90 points (0.27%) to reach 12,762.43 points. The trading value hit SAR 9.02 billion …
Photo Gallery
17 March 03:21 PM Du, Samsung partner to expand electronic business
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) teamed up with Samsung to expand the business-to-consumer (B2C) and business-to-business (B2B) segments, according to a press release. Karim Benkirane, Chief Commercial Officer …
Photo Archive
17 March 02:37 PM Union Properties incurs AED 2.1bn accumulated losses
Dubai – Mubasher: The accumulated losses of Union Properties reached AED 2.10 billion at the end of the fourth quarter (Q4) of 2023, accounting for 49.08% of the firm’s capital. The losses are mainly attributed to a fair value loss of AED 2.07 …
Photo Gallery
17 March 02:10 PM Air Arabia’s shareholders greenlight 20% dividend distribution for 2023
Dubai – Mubasher: The shareholders of Air Arabia approved the distribution of a 20% cash dividend for the financial year that ended on 31 December 2023, according to a press release. During  the company’s Annual General Meeting (AGM), the …
Photo Archive
17 March 01:28 PM Julphar’s 2023 accumulated losses hit 30% of capital; revenues up
Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) registered accumulated losses valued at AED 346.70 million as of 31 December 2023. The incurred accumulated losses represent 30% of the company’s paid-up capital, according to a bourse …
Photo Archive
17 March 01:06 PM First Mills launches food products company
Riyadh – Mubasher: First Milling Company (First Mills) has established a new limited liability company to support its future business expansion and fulfil strategic objectives with a capital of SAR 100,000. The new firm will be named First Food …
Photo Archive
17 March 12:50 PM Saudi Ceramic extends preliminary agreement with Turkish company
Riyadh – Mubasher: Saudi Ceramic Company has extended the term of a preliminary non-binding agreement with Eczacıbaşı Yapı Gereçleri A.Ş (EYAP), a subsidiary of the Turkish Eczacıbaşı Group, until the end of 2024. Throughout the year, the two …