Shareholders of Sidi Kerir Petrochemicals decide to increase the capital to 1.5 billion pounds

Cairo – Mubasher: The extraordinary general assembly of Sidi Kerir Petrochemical Company approved increasing the issued and paid-up capital from EGP 1.26 billion to EGP 1.51 billion, an increase of EGP 252 million. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the increase is distributed over 630 million shares, … Read more

Amazon UAE signs an agreement to enhance online grocery shopping options

Abu Dhabi – Mubasher: Amazon UAE has signed a cooperation agreement with the “Lulu” group, with the aim of enhancing grocery product options on the company’s website in the country, with express delivery service.. Muhammad Ali Al-Shurafa, Chairman of the Abu Dhabi Department of Economic Development, said: This partnership is in line with the efforts … Read more

Masdar Green Fund strengthens its portfolio by acquiring new real estate by 934 million dirhams

Abu Dhabi – Mubasher: The Masdar Green Real Estate Investment Fund, the first of its kind in the UAE dedicated to investing in sustainable real estate assets, announced the completion of the acquisition of real estate worth AED 934 million. The fund stated in a statement issued today, Monday, that with the latest deal, the … Read more

Despite the announcement of the financial statements.. Boursa Kuwait continues to suspend trading of “Mina” shares

Kuwait – Mubasher: Announced Mina Real Estate Company The financial statements for the second quarter of 2022, however, the Kuwaiti Stock Exchange continued to suspend trading on the stock. According to a statement today, Sunday, “Mina’s” losses in the three months ending on September 30 amounted to 3.42 million dinars, compared to 58.57 thousand dinars, … Read more

UAE Investment Bank denies merging with other banks

Abu Dhabi – Mubasher: The investment bank, listed on the Abu Dhabi Securities Exchange, denied today, Thursday, the existence of any talks about merging with other banks. In a disclosure to the stock exchange, the bank indicated that the bank has not been officially authorized in this regard. He clarified that he is committed to … Read more

Union Properties: Announcing several projects in the fourth quarter 2022

Dubai – Mubasher: Union Properties has resumed work in real estate development and will announce several projects during the fourth quarter of this year. Amer Khan Sahib, a member of the board of directors and managing director of the company, said in a statement to Al Arabiya TV that the company is working on a … Read more