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Gulf news

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24 November 2024 04:45 PM Nasdaq Dubai welcomes $2bn bonds by China; accumulative bond listings hit $42bn
Dubai – Mubasher: Nasdaq Dubai has listed two bonds by Chain’s Ministry of Finance at a value of $2 billion, according to a press release. One tranche holds a three-year tenor and stands at $1.25 billion, while the second one will mature in five …
Banking and Finance
Photo Archive
24 November 2024 04:33 PM TASI, NomuC collectively rise on Sunday
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Sunday’s trading session higher by 0.21% at 11,864.90 points. TASI’s trading value reached SAR 4.22 billion after 593.83 million shares were exchanged. Al …
Trading Activities
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24 November 2024 02:22 PM Moody's upgrades Saudi Arabia to ‘Aa3’; outlook changed to positive
Riyadh – Mubasher: Moody's ratings upgraded Saudi Arabia's long-term local and foreign currency issuer and senior unsecured ratings to ‘Aa3’ from ‘A1’, according to a press release. The rating agency also raised the Kingdom’s local and foreign …
Ratings
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24 November 2024 01:39 PM MAG Group’s real estate portfolio hits AED 43.7bn
UAE – Mubasher: MAG Group Holding reported a portfolio of current and under-development projects across its different real estate subsidiaries amounting to AED 43.70 billion. MAG Group’s real estate subsidiaries include MAG Lifestyle Development, …
Financial Results
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24 November 2024 01:23 PM FABMISR’s net profits leap 160% in Q3-24
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, posted 160% year-on-year (YoY) higher net profits at EGP 21.30 billion in the third quarter (Q3) of 2024. The bank’s net loans and …
Banking and Finance
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24 November 2024 00:31 PM Egypt’s ariika fuels expansion plans in MENA via $3m funding
Cairo – Mubasher: Egypt-based furniture e-commerce platform ariika has raised $3 million in Series A extension round led by Beltone Venture Capital and UAE-based Citadel International Holdings. The new capital is expected to fuel ariika’s local …
Global Economy
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24 November 2024 11:01 AM Fakeeh Care secures SAR 750m loan from ANB
Riyadh—Mubasher: Fakeeh Care Group penned a credit facility deal worth SAR 750 million with Arab National Bank (ANB) on 18 November 2024. The long-term financing agreement is secured by a promissory note, according to a bourse disclosure. The …
Banking and Finance
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24 November 2024 10:10 AM Multiply Group announces 2 key appointments
Abu Dhabi – Mubasher: The board members of Multiply Group appointed Syed Basar Shueb Syed Shueb as the company’s Chairman. Hamad Khalfan Al Shamsi was announced as the Vice Chairman of the UAE-based group, according to a bourse disclosure. The …
Management Decisions
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24 November 2024 09:43 AM PIF’s Jada unveils investment in SEEDRA Ventures to back MENA’s early-stage companies
Riyadh – Mubasher: Jada Fund of Funds has invested in SEEDRA Ventures Fund II to support the growth and development of early-stage companies across diverse sectors in Saudi Arabia and the MENA region. This move aligns with Jada’s objectives to …
Companies Investments
29 September 2021 04:37 PM OPEC+ likely to keep output rise plans for November
OPEC+ is expected to be committed to an existing deal to raise the oil output by 400,000 bpd in November.
Global Reports
27 September 2021 04:40 PM Pfizer begins study for novel COVID-19 oral antiviral drug
Pfizer has started a mid-to-late-stage study to evaluate the investigational novel oral antiviral drug for COVID-19.
Global Reports
22 September 2021 02:41 PM Business software company Freshworks valued at $1.13bn
Business software company Freshworks has priced its US initial public offering (IPO) above the target range to raise $1.03 billion.
Global Reports
21 September 2021 03:20 PM SoftBank leads investment into $4bn French football startup
Global Economy
21 September 2021 02:43 PM Shell sells Permian assets to ConocoPhillip for $9.5m
Shell Enterprises has entered into an agreement to sell its Permian business to ConocoPhillips.
Global Reports
21 September 2021 00:47 PM US to ease restrictions for vaccinated travellers from 33 countries
Global Reports
20 September 2021 02:47 PM Pfizer COVID-19 vaccine is safe for 5-11 years old kids
Global Reports
20 September 2021 01:44 PM Carousell aims to grow business, considers IPO
Global Reports
20 September 2021 01:33 PM Shell to produce sustainable jet fuel at scale by 2025
Shell plans to produce low-carbon jet fuel at scale by 2025 to contribute to cutting carbon emissions.
Oil and Energy
20 September 2021 11:09 AM OVHcloud aims to raise EUR 400m through IPO
Global Reports
16 September 2021 01:10 PM Taiwan’s Gogoro to go public through over $2bn deal
Global Markets brief
16 September 2021 11:53 AM 500 Startups closes largest fund-to-date, rebrands to 500 Global
Global Reports
15 September 2021 06:03 PM UK's inflation surges at record rate in August
The UK's inflation rate soared by 3.2% in August, posting the highest increase since the records started in 1997.
Global Reports
15 September 2021 02:27 PM Chevron to invest $10bn in low-carbon projects
Global Reports
15 September 2021 01:25 PM Gold prices ease near $1,800 on taper uncertainty
Goods and Metals
14 September 2021 01:15 PM Moody's changes outlook for global metals, mining industry to stable
​​​​​​​Mubasher: Moody’s Investors Service has changed its outlook for the global metals and mining market to ‘Stable’ from ‘Positive’.
Global Reports