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18 July 06:22 PM Ajman Bank records all-time high half-yearly net profits at nearly AED 216m in H1-24
Dubai – Mubasher: Ajman Bank generated net profits after tax worth AED 215.56 million in the first half (H1) of 2024, describing the results as the bank’s “all-time high half-yearly net profits,” according to a press release. The H1-24 net profits …
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18 July 05:35 PM ADCB achieves AED 5bn net profit before tax in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …
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18 July 04:51 PM Egyptian Exchange closes Thursday in green
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) rose by 1.11%, ending Thursday’s session at 28,653.85 points. The small- and mid-cap EGX70 EWI grew by 1.08% to 6,495.93 points. The EGX100 EWI increased by 1.13% to 9,374.67 …
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18 July 04:35 PM Act Financial’s private offering oversubscribed by over 20x
By: Hady El-Essawy Cairo – Mubasher: The private offering of Act Financial’s shares has been oversubscribed by 20.20 times, informed sources told Mubasher. The subscription process ended on Thursday after achieving the highest coverage rate on the …
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18 July 04:22 PM Sharjah Islamic Bank logs AED 566m consolidated profit in H1-24
Abu Dhabi – Mubasher: The consolidated net profit attributable to the owners of Sharjah Islamic Bank rose to AED 566.16 million in the first half (H1) of 2024 from AED 494.57 million in the comparative period the year before. Total operating …
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18 July 04:03 PM Binghatti sukuk tap 420% oversubscribed on strong global demand
UAE – Mubasher: Dubai developer Binghatti saw record interest for its recent $200 million sukuk tap, receiving around $2.10 billion in orders. That represented an oversubscription of approximately 420% backed by global investors, according to a …
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18 July 03:57 PM Tadawul closes Thursday with varied performance
Riyadh – Mubasher: The All Share Index (TASI) of the Saudi Exchange (Tadawul) rose by 30.71 points (0.25%) to 12,188.32 points at the end of Thursday’s session. A total of 387.14 million shares were traded at a turnover worth SAR 8.75 billion. The …
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18 July 03:01 PM UAE stock markets close Thursday in green zone
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) added 37.21 points (0.90%) at the end of Thursday’s session to close at 4,169.17 points. A total of 313.32 million shares were exchanged at a trading value of AED 508.81 …
Abdo Khoury, Managing Director of Sharikat Mubasher
18 July 02:30 PM Mubasher Info lunches Sharikat Mubasher to support Saudi ecosystem
Mubasher: “Mubasher Info”, the Middle East and North Africa’s most preferred Arabic-language news agency for equity market news, data, analysis, and investor tools, with expertise spanning over twenty years, today announced the official launch of …
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18 July 02:22 PM ADGM to reduce fee for commercial licences starting 2025
UAE – Mubasher: Abu Dhabi Global Market (ADGM) will implement major reductions of 50% or more for obtaining non-financial and retail licences within its jurisdiction as of 1 January 2025, according to a press release. This initiative comes in line …
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18 July 02:17 PM Dar Global, Trump Organization partner to launch Trump Tower Dubai
UAE – Mubasher: Luxury developer Dar Global has entered into a partnership with the Trump Organization to build Trump Tower Dubai. The project’s location and design in a prime Dubai site will be unveiled by the end of 2024, according to a press …
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18 July 01:44 PM Sinai Cement unveils results for capital increase offering
Cairo – Mubasher: Sinai Cement has announced that senior shareholders have subscribed to 75.95% of its capital hike offering in the first phase. Out of 168.20 million offered shares, senior shareholders subscribed to 127.74 million shares at a …
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18 July 01:33 PM CBE auctions EGP 75bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) has offered treasury bills (T-bills) at an aggregated value of EGP 75 billion over two issues on Thursday, 18 July 2024. The first auction totalled EGP 30 billion with a 182-day tenor until 21 …
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18 July 01:32 PM Faisal Islamic Bank of Egypt posts 142% YoY higher standalone profit in H1-24
Cairo – Mubasher: The unconsolidated net profit of Faisal Islamic Bank of Egypt leapt by 142.50% year-on-year (YoY) to EGP 6.55 billion in the first half (H1) of 2024 from EGP 2.70 billion. Total revenues jumped by 68.10% YoY to EGP 16.34 billion …
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18 July 12:19 PM UAE’s Eagle Hills Properties pens $3bn tourism deal with Indonesia
UAE – Mubasher: UAE's Eagle Hills Properties has signed a memorandum of understanding (MoU) with the Ministry of State-Owned Enterprises (SOEs) of the Republic of Indonesia to invest $3 billion to boost the Southeast Asian nation's tourism …
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18 July 12:07 PM Egypt’s primary budget surplus soars 422% YoY in FY23/24 – Minister
Cairo – Mubasher: Egypt has achieved a primary budget surplus of EGP 857 billion in the fiscal year (FY) 2023/2024, up 422.56% year-on-year (YoY) from around EGP 164 billion in the previous FY, said Minister of Finance Ahmed Kochouk Meanwhile, the …
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18 July 11:17 AM Emirates Islamic Bank’s net profit leaps 37% YoY in H1-24
Dubai – Mubasher: Emirates Islamic Bank posted a 37% year-on-year (YoY) surge in net profit to AED 1.66 billion in the first half (H1) of 2024. The bank’s total income soared by 15% YoY to AED 2.69 billion in H1-24, according to a press release. …
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18 July 10:48 AM Egypt approves 2,000 MW renewable energy projects by UAE's AMEA Power
Cairo – Mubasher: The Egyptian government has approved the proposal of UAE's AMEA Power to implement additional renewable energy projects by the summer of 2025. The projects involve adding 500 megawatts (MW) of solar energy upon the completion of …
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18 July 10:28 AM Emirates NBD logs 12% YoY higher profit in H1-24
Dubai – Mubasher: Emirates NBD reported a 12% year-on-year (YoY) surge in net profit to AED 13.80 billion during the first half (H1) of 2024. The bank’s earnings per share jumped by 13% YoY to 214 fils in H1-24, according to a press release. …
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18 July 09:43 AM Aramco issues $6bn int’l bonds
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has issued $6 billion international bonds under its global medium term note programme. The company sold 30,000 bonds at a part value of $200,000, according to a bourse filing. The debt offering …
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17 July 04:34 PM EGX’s indices achieve collective gains on Wednesday
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) grew by 1.84%, closing Wednesday at 28,340.42 points. The small- and mid-cap EGX70 EWI increased by 1.51% to 6,426.78 points. The EGX100 EWI rose by 1.64% to 9,270.23 points and …
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17 July 04:27 PM Tadawul’s indices close Wednesday mixed
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) grew by 77.24 points (0.64%) to 12,157.61 points at the end of Wednesday’s session. A total of 239.76 million shares were traded at a turnover worth SAR …
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17 July 03:56 PM Marafiq joins Miahona’s consortium in Riyadh’s sewage treatment plant
Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) has received an acceptance letter from Miahona Company, approving its inclusion in its consortium with N.V. BESIX S.A. Sharjah branch for the Al-Haer independent …
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17 July 03:41 PM flydubai to add 7 new aircraft by 2024
UAE – Mubasher: flydubai has announced plans to expand its fleet, with seven additional aircraft to be received before the end of 2024. This fleet expansion will support the airline's growing network, enabling it to add new destinations like …
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17 July 03:29 PM Saudi Arabian Al Haytham Mining reportedly mulls acquiring stake in Egypt’s Afaq
Riyadh - Mubasher: Saudi Arabia’s Al Haytham Mining Company is considering acquiring a stake in Egypt’s Afaq Mining, Asharq News reported, citing CEO Khaled Al Jahdali. The Saudi company’s board plans to offer a share of the company’s stocks on …