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 …
Cairo – Mubasher: The Egyptian ministry of petroleum and mineral resources has launched two oil tankers in Port Said and Suez to supply vessels with fuel with total investment of $14 million (EGP 221 million), Ahram Gate reported on Sunday. The …
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 …
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session with a sideways-to-declining performance amid foreign sell-offs. The benchmark EGX30 index edged down by 0.05%, ending the session at 13,721 points. Meanwhile, the …
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 …
Cairo – Mubasher: The Egyptian parliament approved the presidential decree no. 14 of 2020 regarding a credit facility for the purchase of 1,300 railroad cars, the Middle East News Agency (MENA) reported on Sunday. Valued at EUR 1.016 billion, the …
Cairo – Mubasher: Egypt is looking to take part in establishing the Inga Dam project in Congo and operating a joint electricity grid with the African country. Moreover, the most populous Arab nation's minister of electricity and renewable energy …
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 …
Cairo – Mubasher: The Egyptian parliament approved the presidential decree no 662 of 2019 regarding a capital increase of the International Bank for Reconstruction and Development (IBRD), Ahram Gate reported on Sunday. The bank’s authorised …
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 …
Cairo – Mubasher: The Egyptian Ministry of Finance approved urgent allocations of EGP 28.17 billion for seven state-owned bodies for the first half of fiscal year 2019/2020. The government approved an allocation of EGP 24.926 billion to the …
Cairo – Mubasher: Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) expects generating earnings before interest, taxes, depreciation, and amortisation (EBITDA) of EGP 255 million in 2019, up by 11.7% year-on-year from …
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 …
Cairo – Mubasher: Obour Land for Food Industries posted a 24% year-on-year profit growth during 2019, the company’s consolidated financial statements showed. The company’s net profits hiked to EGP 295.28 million last year, compared to EGP 238 …
Cairo – Mubasher: Telecom Egypt denied reports about receiving offers for the sale of its stake in Vodafone Egypt Telecommunications. The state-run telecom operator confirmed that it has no intent to sell its stake in Vodafone Egypt in the current …
