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07 April 12:56 PM

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1 December 2024 11:47 AM Mobily unveils key appointments
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) announced Abdulkarim Ibrahim Al Nafie as the board’s Chairman for the next three years. The board also named Nabeel Mohamed Al Amudi as Vice Chairman, according to a bourse filing. The two …
Corporate Actions
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1 December 2024 11:10 AM CBE auctions T-bills worth EGP 65bn on Sunday
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 65 billion through two issues on Sunday, 1 December 2024. Holding a tenor of 91 days until 4 March 2025, the first tranche stood at EGP …
Central Banks
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1 December 2024 10:38 AM Villa Resorts collaborates with Mohamed Al Geziry Consultancy to boost GCC presence
Mubasher: Villa Resorts has appointed Mohamed Al Geziry Consultancy, a leading hospitality and tourism firm based in Dubai, as a Sales Representative in the GCC region. The consultancy’s expertise and established network will enable Villa Resorts …
Companies Investments
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1 December 2024 10:15 AM NIO fuels MENA expansion plans via Abu Dhabi office
UAE – Mubasher: NIO House launched its first office in Abu Dhabi, boosting its expansion across the MENA region, according to a press release. NIO, a leader in the premium smart electric vehicle market, found its home on Al Maryah Island. The …
Global Economy
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28 November 2024 04:59 PM EGX flags in green end-week
Cairo – Mubasher: The Egyptian Exchange (EGX) ended Thursday’s trading session in the green zone, with the EGX30 main up 1.33% to 30,242.13 points. The EGX70 EWI and EGX100 EWI ended the session higher by 0.34% at 8,275.86 points and by 0.45% at …
Trading Activities
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28 November 2024 04:31 PM Tadawul closes Thursday’s trading session up
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Thursday’s trading session higher by 0.44% at 11,641.31 points. The trading value hit SAR 6.02 billion after 362.75 million shares were exchanged. Tamkeen …
Trading Activities
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28 November 2024 03:50 PM Spinalex records nearly EGP 27m profits in Q1-24/25
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) posted net profits after tax valued at EGP 26.82 million in the first quarter (Q1) of fiscal year (FY) 2024/2025. The recorded net profits were higher by 5% than EGP 25.59 …
Financial Results
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28 November 2024 03:13 PM Almoosa Health to float 30% of shares on Tadawul
Riyadh – Mubasher: Almoosa Health Company plans to proceed with its initial public offering (IPO) for listing 30% of its ordinary shares on the Main Market of the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved Almoosa …
Trading Activities
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28 November 2024 02:34 PM DFM, ADX close Thursday mixed
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 18.31 points (0.38%) on Thursday and ended the trading session at 4,823.38 points. DFM's turnover reached AED 541.58 million after 206.10 million shares were traded during the …
Trading Activities
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28 November 2024 02:04 PM Alpha Dhabi Holding to disburse AED 2bn dividends for 9M-24
Abu Dhabi – Mubasher: The general assembly meeting of Alpha Dhabi Holding approved interim cash dividends valued at AED 2 billion for the first nine months (9M) of 2024. The company will pay out a dividend of AED 20 fils per share before 26 …
General Assembly
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28 November 2024 01:51 PM Talabat raises size for IPO on DFM due to growing demands
Dubai – Mubasher: Talabat Holding increased its size for its initial public offering (IPO) on the Dubai Financial Market (DFM) following international and regional investor demand in the second tranche. The Securities and Commodities Authority of …
Trading Activities
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28 November 2024 00:55 PM Deyaar launches Park Five project at AED 1.5bn
Dubai – Mubasher: Deyaar Development has launched Park Five, an advanced residential community in Dubai Production City, at a value of AED 1.50 billion, according to a press release. The new scheme focuses on wellness-centric living and community …
Companies Investments
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28 November 2024 00:17 PM Salik expands expansion plans via partnership with Parkonic
Dubai – Mubasher: Salik Company partnered with Parkonic to enhance parking payment experiences across the UAE by integrating Salik’s advanced eWallet system, according to a press release. The two entities secured a five-year contract, during which …
Companies Investments
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28 November 2024 11:36 AM CBE offers EGP 65bn T-bills on Thursday
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at an aggregated value of EGP 65 billion through two auctions on Thursday, 28 November 2024. The first tranche was valued at EGP 35 billion and will mature in 182 …
Macroeconomics
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28 November 2024 11:13 AM Lulu Retail widens operations in Saudi market via Al Fakhriyah store
Abu Dhabi – Mubasher: Lulu Retail Company has scaled up business in Saudi Arabia through the inauguration of a new Al Fakhriyah store in Dammam, according to a press release. This follows the opening of 12 new stores in the first nine months (9M) …
Companies Investments
Arif Amiri, Chief Executive Officer of DIFC Authority
28 November 2024 10:30 AM Bank of Communications expands global expansion via DIFC branch
Mubasher: China-based Bank of Communications Company Limited (BOCOM) has expanded its global reach by setting up in Dubai International Financial Centre (DIFC), according to a press release. Bank of Communications has launched its new office in …
Global Economy
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28 November 2024 10:04 AM GFH’s OUTLIVE to boost transformative developments across MENA
Mubasher: GFH Financial Group has launched OUTLIVE in Cityscape, which will operate across the MENA region and Europe. The innovative real estate developer is set to create mixed-use projects with a focus on health and well-being, according to a …
Global Economy
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27 November 2024 09:01 PM Omoda Jaecoo chooses UAE as Middle Eastern hub for upcoming operations
UAE – Mubasher: Automotive brand dedicated to pioneering the future of travel OMODA & JAECOO (Omoda Jaecoo) has decided to take the UAE as its Middle Eastern hub for upcoming market operations with the official launch in the UAE in January 2025. …
Companies Investments
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27 November 2024 07:10 PM stc’s TAWAL collaborates with 5SKYE to endorse digital future in Saudi Arabia
Riyadh – Mubasher: Telecommunications Towers Company (TAWAL), a subsidiary of the listed Saudi Telecom Company (stc) and a leading ICT infrastructure firm, has joined forces with provider of edge AI infrastructure solutions 5SKYE through a …
Companies Investments
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27 November 2024 06:06 PM ADNOC launches XRG with enterprise value exceeding $80bn, platforms to meet global demand
UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) has launched XRG to be a groundbreaking international lower-carbon energy and chemicals investment company with an enterprise value of more than $80 billion, according to an official …
Global Economy
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27 November 2024 04:47 PM Sadirat eyes acquisition of Entaj Industrial’s subsidiary
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC), known as Sadirat,  has signed a non-binding memorandum of understanding (MoU) with Entaj Industrial Services Company to consider either equity acquisition or a takeover of the entire …
Companies Investments
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27 November 2024 04:09 PM Sipchem to pay SAR 362.5m dividends for H2-24
Riyadh – Mubasher: The board members of Sahara International Petrochemical Company (Sipchem) decided, in their 26 November 2024 meeting, to distribute a total of SAR 362.56 million as cash dividends for the second half (H2) of 2024. Sipchem will …
Cash Dividends
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27 November 2024 02:50 PM Egypt Energy launches to highlight growth in MENA’s renewables market; FIREX kicks off
Cairo – Mubasher: The 33rd edition of Egypt Energy and the fourth edition of FIREX Egypt launched as a joint new platform for innovation in the region on 26 November 2024 at the Egypt International Exhibition Center in Cairo. The MENA region's …
Ministries
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27 November 2024 01:57 PM Leading UAE banks invest in LoanBook to boost loan syndication across EMEA
Dubai – Mubasher: The two listed UAE lenders Emirates NBD and Mashreq Bank unveiled their strategic investment in NewBridge Fintech Solutions, the owner of EMEA-focused LoanBook which serves as next-generation platform digitising the syndicated …
Banking and Finance
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26 November 2024 05:04 PM EGX closes Tuesday in green zone
Cairo – Mubasher: The Egyptian Exchange (EGX) witnessed a positive performance on Tuesday, with the EGX30 main up 0.05% to 30,284.35 points. The EGX70 EWI and EGX100 EWI ended the session higher by 0.46% at 8,363.94 points and by 0.23% at …
Trading Activities