Dubai – Mubasher: Fidu Properties, one of the leading UAE-based Chinese developers, recorded a 289% year-to-year (YoY) surge in the sales of projects by Emaar Properties in the UAE during 2019. Fidu Properties saw a 172% jump in real estate deals …
Dubai – Mubasher: Al Futtaim Toyota in the UAE has posted strong sales during 2019 because of its new innovative models joining its portfolio, according to a press release on Sunday. Its Toyota Land Cruiser, featuring new design and intelligent …
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark Tadawul All Share Index (TASI) fell for the fourth session in a row at the end of Sunday’s trading session, shedding 59.38 points or 0.17% to 8,326.97 points. The market’s trading …
Riyadh – Mubasher: Saudi Arabia’s trade surplus declined by 23.54% to around SAR 42 billion ($11.2 billion) in November 2019, compared to SAR 54.95 billion in the same period in 2018. The kingdom’s merchandise exports and imports reached around …
UAE – Mubasher: The value of investments by Saudi citizens and banks in the UAE reached AED 10.93 billion in 2018, including AED 6.35 billion in joint stock companies and AED 4.58 billion in Saudi investors’ transactions in the UAE. This …
UAE - Mubasher: The number of new investors in Dubai surged by 86% to more than 60,700 in different economic sectors during 2019 when compared to 32,600 in 2018, according to official data by Dubai's Department of Economic Development (DED). …
Riyadh – Mubasher: Tabuk Cement Company on Sunday announced the appointment of Saoud bin Solaiman Al Juhni as the new chairman. Moreover, the company appointed new board members, including Abdulaziz bin Abdelrahman Al khamis as the deputy …
Riyadh – Mubasher: Riyad Bank’s net profits jumped by 81.2% to SAR 5.60 billion in 2019 from SAR 3.09 billion in 2018, according to the bank’s annual financial results for the period ended on 31 December 2019. The surge in the bank’s net profits …
Dubai – Mubasher: Union Properties is in the final stages of signing a memorandum of understanding (MoU) with China National Chemical Engineering Group Corporation (CNCEC) to expand Dubai Autodrome at a value of around AED 200 million. The …
Riyadh – Mubasher: Herfy Food Services Company on Sunday reported a net profit, after zakat and tax, worth SAR 196.08 million during the fiscal year ended 31 December 2019, down by 3.96% year-on-year (YoY) from SAR 204.16 million, the company’s …
Riyadh – Mubasher: The board of directors of Bank Aljazira recommended a cash dividend distribution of SAR 0.30 per share for the earnings of the second half of 2019. The total value of dividends amounted to SAR 246 million, excluding applicable …
Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) went down by 0.28% or 14.67 points to 5,230.01 points by the end of Sunday’s trading session, compared to its upward performance on Thursday, 23 January. A total of 18.65 …
Mubasher: Real Estate Trade Centers (Marakez) has received an offer to sell its stake in Syria’s Antaradus for Touristic Development Company at a value of $21 million. Marakez’s stake in the Syrian firm represents 10%, according to a bourse …
Dubai – Mubasher: The benchmark index of Dubai Financial Market (DFM) retreated by 0.58% or 16.53 points to 2,821.46 points by the end of Sunday’s trading session, maintaining its downward performance on Thursday, 23 January. A total of 68.09 …
Mubasher: The Main Market Index of Boursa Kuwait levelled down by 0.67% at Sunday’s close, followed by the All-Share and Premier indices with 0.56% and 0.53%, respectively. Liquidity shrank to KWD 34.07 million, compared to KWD 41.53 in the …
Riyadh – Mubasher: Recent data from the Saudi Arabia General Authority for Statistics (GaStat) showed a 15.4% year-on-year (YoY) decrease in Saudi oil exports in November 2019. Oil exports retreated to SAR 62.3 billion in November last year from …
Mubasher: Kuwait Airways has received the third A320neo plane after being delivered from the Airbus plant in Hamburg, Germany, Kuwait News Agency (KUNA) recently reported quoting the airline's CEO, Kamel Al Awadhi. The new delivery is a part of a …
Riyadh – Mubasher: Al Babtain Power and Telecommunication company has signed a SAR 100 million medium-term credit facility agreement with Saudi Investment Bank (SAIB) under the murabaha system. The three-year loan, which will be paid through …
Mubasher: Ajwan Gulf Real Estate has announced a new board of directors during its meeting on Thursday, 23 January 2020, with Youssef Hamad Boodai chairing the board. Moreover, Bader Mansour Al Jumaa was named as the deputy chairman, while Mansour …
Riyadh – Mubasher: Saudi Cable Company (SCC) announced that its rights issue shares were oversubscribed by 357%. The sale included 10.56 million shares at an average price of SAR 12.88 per share, the company said in a bourse filing on Sunday. …
Riyadh – Mubasher: The board of National Medical Care Company (NMC) recommended a cash dividend distribution of SAR 2 per share for the fiscal year ended 31 December 2019. Total dividends will amount to SAR 89.7 million and will be distributed on …
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (Sadafco) reported a 26.95% year-on-year profit growth during the third quarter ended 31 December 2019. Net profits, after zakat and tax, rose to SAR 68.06 million in the October-December …
Mubasher: Alafco Aviation Lease and Finance Company on Sunday announced that it has obtained a ruling in its favour from the Hong Kong High Court against Hong Kong Airlines. The High Court decision obliged Hong Kong Airlines to pay Alafco $27 …
Mubasher: Integrated Logistics Co, a fully owned subsidiary of Integrated Holding Company, won a three-year contract offered by Kuwait Oil Company (KOC) to rent heavy equipment and cranes. The deal is valued at KWD 4.690 million, according to a …
Mubasher: Yiaco Medical Company has entered into a land purchase agreement in Al Ardiya Kuwait at a value of KWD 5.500 million. Spanning a total area of 4,012.5 square metres, the land will be used as an administrative headquarters and a main …
