Tunisia
Mubasher TV
 Contact Us Advertising   العربية
Tunisia
BDT Closed
04 April 08:17 PM

Middle east news

Photo Archive
3 February 2025 00:18 PM Saudi Tadawul Group’s unit WAMID takes over DirectFN Limited
Riyadh – Mubasher: Tadawul Advanced Solutions Company (WAMID), a subsidiary of Saudi Tadawul Group Holding Company, fully acquired Direct Financial Network Company (DirectFN Limited) on 2 February 2025 WAMID completed the acquisition of a 49% …
Companies Investments
Photo Archive
3 February 2025 10:16 AM MIS obtains SAR 1.6bn loan from Banque Saudi Fransi
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) secured a SAR 1.64 billion sharia-compliant facility from Banque Saudi Fransi, according to a bourse disclosure. The company will use the proceeds of the facility deal for invoice …
Banking and Finance
Photo Gallery
3 February 2025 08:27 AM ADNOC’s TA’ZIZ unveils world’s largest methanol plants via $1.7bn award
UAE – Mubasher: TA’ZIZ, a joint venture (JV) between ADNOC and ADQ, has awarded a contract worth $1.70 billion (AED 6.20 billion) to SAMSUNG E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City. The …
Companies Investments
Photo Archive
3 February 2025 07:27 AM CBE auctions EGP 14bn debt instruments over 4 issues
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued fixed treasury bonds (T-bonds) worth EGP 10.50 billion through two auctions on Monday, 27 January 2025. The first tranche stood at EGP 2.50 billion and will mature in two years on 4 February …
Bonds
Photo Gallery
3 February 2025 06:57 AM PIF-backed Umm Al Qura mulls IPO on Tadawul
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company, backed by the Public Investment Fund (PIF), plans to proceed with its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul). The Saudi closed joint …
Initial Public Offerings
Photo Archive
2 February 2025 06:59 PM MIS enters into nearly SAR 59m AI deal with SDAIA
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has signed a contract with the Saudi Authority for Data and Artificial Intelligence (SDAIA) to enhance and strengthen the AI network project. The contract, valued at SAR 58.63 million …
Companies Investments
Photo Archive
2 February 2025 06:27 PM Egyptian startup Simplex raises $13m investment to build CNC factory in Saudi Arabia
Mubasher: Simplex, an Egypt-based startup in the field of computer numerical control (CNC) machine manufacturing, secured $13 million to open a factory on a 20,000 square-metre site in Riyadh, according to a press release. The establishment of the …
Companies Investments
Photo Gallery
2 February 2025 06:26 PM SEC boosts capital structure after settling SAR 5.6bn obligations
Riyadh – Mubasher: The Saudi Electricity Company (SEC)is set to complete the necessary procedures to settle its SAR 5.68 billion obligations to the government, according to a bourse disclosure. The ministerial committee for the Restructuring of …
Banking and Finance
Photo Archive
2 February 2025 05:31 PM Derayah Financial unveils price range for IPO on Tadawul
Riyadh – Mubasher: Derayah Financial Company set the price range for its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul) between SAR 27 and 30 per share. The digital investment platform commenced the institutional …
Companies Investments
Photo Gallery
2 February 2025 05:05 PM Armah signs SAR 224m contract with Banan Real Estate’s affiliate Qimam Nashaz
Riyadh – Mubasher: Armah Sports Company has inked a development and operation agreement with Qimam Nashaz Real Estate Development Company, an affiliate of Banan Real Estate Company, to develop two fully equipped fitness clubs on the Northern Ring …
Companies Investments
Photo Archive
2 February 2025 04:38 PM Emirates Driving’s profits up to AED 282.5m in 2024
Abu Dhabi – Mubasher: Emirates Driving Company logged net profits after tax worth AED 282.36 million in 2024, up 6% from AED 267.14 million in 2023. Revenues increased by 44% to AED 512.92 million last year from AED 355.64 million in the …
Financial Results
Photo Archive
2 February 2025 04:20 PM Bank Aljazira records SAR 1.2bn net profits in 2024
Riyadh – Mubasher: Bank Aljazira logged net profits standing at SAR 1.23 billion as of 31 December 2024, higher by 20.69% year-on-year (YoY) than SAR 1.02 billion. Earnings per share (EPS) hit SAR 1.01 in 2024, compared to SAR 0.86 a year earlier, …
Financial Results
Photo Archive
2 February 2025 03:53 PM SAB posts 15% higher profits in 2024
Riyadh – Mubasher: Saudi Awwal Bank (SAB) logged net profits valued at SAR 8.07 billion in 2024, up 15.25% year-on-year (YoY) from SAR 7 billion. The clients' deposits hit SAR 267.01 billion at the end of December 2024, an annual rise of 5.35% …
Financial Results
Photo Archive
2 February 2025 02:39 PM ACWA Power cooperates with Italian gov’t-owned SACE to endorse renewables
Riyadh – Mubasher: ACWA Power Company has signed two strategic documents with SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, to cooperate on new business opportunities focused on …
Companies Investments
Photo Archive
2 February 2025 01:12 PM Banque Saudi Fransi’s board proposes SAR 1.2bn dividends for H2-24
Riyadh – Mubasher: The board members of Banque Saudi Fransi recommended cash dividends worth SAR 1.24 billion, equivalent to 5% of the capital, for the second half (H2) of 2024. The Saudi lender will disburse a dividend after Zakat worth SAR 0.50 …
Banking and Finance
Photo Archive
2 February 2025 01:02 PM Alkhabeer REIT Fund to pay SAR 15m cash dividends for Q4-24
Riyadh – Mubasher: Alkhabeer Capital has announced SAR 14.80 million as cash dividends for the unitholders of Alkhabeer REIT Fund for the fourth quarter (Q4) of 2024. The fund will disburse SAR 0.10 per unit for 114 million units, according to a …
Mutual Funds
Photo Archive
2 February 2025 00:57 PM Bahri’s profits jump 34.5% in 2024; revenues cross SAR 9.4bn
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) recorded a 34.45% year-on-year (YoY) hike in net profit to SAR 2.16 billion during 2024, compared to SAR 1.61 billion. The revenues hit SAR 9.48 billion as of 31 December …
Financial Results
Photo Archive
2 February 2025 11:52 AM Al Baha Investment’s 2024 net profit jumps 69.5% YoY
Riyadh – Mubasher: Al Baha Investment and Development Company generated a net profit worth SAR 8.37 million in 2024, marking a 69.48% increase from SAR 4.94 million in 2023. The revenue grew by 12.68% year-on-year (YoY) to SAR 18.09 million during …
Financial Results
Photo Archive
2 February 2025 10:50 AM NMDC Energy delivers 80% higher net profits in 2024 due to global expansion
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), registered AED 1.40 billion in net profit during the 12-month period that ended on 31 December 2024. The annual earnings were higher by 80% than AED 780.42 …
Financial Results
Photo Archive
2 February 2025 10:41 AM Aldar unveils $500m hybrid notes issuance to Apollo, AED 940m sales from Manarat Living II
Abu Dhabi – Mubasher: Aldar Properties strengthened its long-term partnership with Apollo Global Management through a private placement of $500 million in subordinated hybrid notes, according to a press release. The transaction, which brings …
Companies Investments
Photo Archive
2 February 2025 08:53 AM Jarir’s sales cross SAR 10.8bn in 2024; net income affected by Egyptian pound devaluation
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) recorded net profits valued at SAR 974 million in 2024, up 0.10% from SAR 973 million in the January-December 2023 period. The sales increased by 2.23% year-on-year (YoY) to SAR 10.83 …
Financial Results
Photo Archive
2 February 2025 07:55 AM CBE unveils EGP 65bn T-bills on Sunday
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a total value of EGP 65 billion through two auctions on Sunday, 2 February. The first tranche stood at EGP 25 billion, holding a maturity period of 91 days until …
Treasury Bills
Photo Archive
2 February 2025 07:27 AM Mashreq Bank’s regional growth motivates over AED 9bn profits in 2024
Dubai – Mubasher: The net profits after tax of Mashreq Bank grew by 4% year-on-year (YoY) to AED 9.01 billion in 2024 from AED 8.67 billion, according to the financial results. Total operating income witnessed an annual increase of 24% to AED …
Global Economy
During Sustainability Forum Middle East
30 January 2025 07:37 PM Sustainability Forum Middle East concludes, endorses MENA region’s decarbonisation goals
Mubasher: The third edition of the Sustainability Forum Middle East concluded on 29 January 2025 after running for two days in Bahrain to underscore and help achieve the decarbonisation goals of the MENA region. The event was held in the presence …
Event
Arab Health unveils new brand identity
30 January 2025 07:17 PM Middle East’s Arab Health unveils new brand identity
Mubasher: Arab Health, the Middle East’s largest and most important healthcare event and congress since 1975, announced its rebranding to World Health Expo Dubai (WHX Dubai), according to a press release. This change, which was made on the second …
Macroeconomics