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21 October 2025 00:41 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Global Economy
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21 October 2025 11:06 AM FRA rejects Sagasse’s MTO to acquire Elsewedy Electric
Mubasher: The Financial Regulatory Authority (FRA) has rejected the mandatory tender offer (MTO) submitted by Sagasse Investment Company to fully acquire Elsewedy Electric Company. Sagasse intended to offer EGP 65 per share in cash or via share …
Corporate Actions
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21 October 2025 09:13 AM NBQ’s net profits jump 14% in 9M-25 supported by higher operating income
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) recorded 14% year-on-year (YoY) higher net profits at AED 464.50 million in the first nine months (9M) of 2025, compared to AED 399.92 million. Basic and diluted earnings per share (EPS) …
Banking and Finance
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20 October 2025 03:28 PM CBUAE greenlights Tamara’s license to exapnd in fintech sector
Riyadh - Mubasher: Tamara, Saudi Arabia’s first homegrown fintech unicorn, has officially received a restricted finance license from the Central Bank of the UAE (CBUAE), according to a press release. Tamara anchored its position as a leading …
Banking and Finance
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20 October 2025 02:58 PM Systemair expands regional footprint with new Riyadh office
Riyadh - Mubasher: Systemair Saudi Arabia has inaugurated its new production facility in Riyadh, expanding the company’s regional footprint, according to a press release. The new office spans approximately 13,000 square meters, with a …
Global Economy
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20 October 2025 10:36 AM Visa to relocate regional digital sales center from Dubai to Cairo
Mubasher: Visa plans to relocate its regional digital sales center from Dubai to Cairo, leveraging Egypt's competitive advantage in terms of efficiency, operational costs, and technical infrastructure. The digital payment organization intends to …
Global Economy
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20 October 2025 10:14 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Banking and Finance
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20 October 2025 09:38 AM Crescent Enterprises invests $68m to build globally competitive ventures from UAE
UAE - Mubasher: Crescent Enterprises recently unveiled an investment program of $68 million (AED 250 million) to scale CE-Creates, its venture-building platform, according to a press release. CE-Creates operates as a sector-agnostic venture …
Global Economy
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20 October 2025 09:08 AM Vulcan expands GenAI solutions in MENA via partnership with Presight
Abu Dhabi - Mubasher: The Vulcan innovative GenAI security solutions announced strategic partnerships at the GITEX Global 2025 conference to expand across the MENA region. Through the Presight AI-Startup Accelerator, leading members of the G42 …
Global Economy
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19 October 2025 07:46 PM Salama’s shareholders approve capital reductions to offset accumulated losses
Dubai - Mubasher: The shareholders of Islamic Arab Insurance Company (Salama) have approved a capital reduction at the general assembly’s meeting on 16 October, according to a press release. The capital reduction aims to offset accumulated losses …
Corporate Actions
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19 October 2025 07:10 PM UAE-based CADO secures $4.5m funding to fuel regional, global growth
UAE- Mubasher: CADO, the UAE-founded premium gifting platform, has raised $4.50 million in a pre-seed funding round with participation from Sanabil 500, a German family office, and several high-net-worth and angel investors. The fresh capital will …
Companies Investments
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19 October 2025 05:46 PM Nanovate closes $2m funding round to expand in Saudi Arabia, UAE
Cairo – Mubasher: Egypt’s AI startup Nanovate has raised $2 million in a pre-seed funding round led by a group of angel investors, according to a press release. The startup will use the new funding to expand in Saudi Arabia and the UAE, strengthen …
Companies Investments
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19 October 2025 02:58 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP and USD, as of 18 …
Mutual Funds
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19 October 2025 00:52 PM IHC acquires controlling stake in Pakistan-based First Women Bank Limited
Abu Dhabi – Mubasher: International Holding Company (IHC) has acquired a majority stake in Pakistan’s First Women Bank Limited (FWBL), marking the first privatization of a bank in Pakistan under a G2G framework. This followed a successful …
Companies Investments
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19 October 2025 11:42 AM Midad Energy pens $5.4bn deal with Algeria’s Sonatrach to expand global footprint
Riyadh - Mubasher: Saudi energy investor-operator Midad Energy has signed a $5.40 billion production-sharing agreement with Algeria’s state-owned oil and gas company Sonatrach, according to a press release. The deal, fully funded by Midad Energy, …
Companies Investments
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19 October 2025 11:09 AM Arada awards AED 397m contract for Aljada hotel cluster in Sharjah
UAE - Mubasher: Arada has awarded an AED 397 million contract to Modern Building Contracting Company to build the Rove Aljada hotel and Rove Home Aljada branded residences within its AED 35 billion megaproject in Sharjah. The four-block cluster, …
Companies Investments
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19 October 2025 10:18 AM ACWA Power’s affiliate closes SAR 10.8bn financing for Qurayyah CCGT IPP project
Riyadh - Mubasher:  Hajar Two Electricity Company, an affiliate of ACWA Power company, has achieved financial close of the Qurayyah CCGT IPP expansion project in the Eastern province of Saudi Arabia at an amount of SAR 10.80 billion ($2.90 …
Banking and Finance
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19 October 2025 09:59 AM Emirates NBD reinforces global position via $3bn stake in India’s RBL Bank
Dubai - Mubasher: Emirates NBD entered into definitive agreements to acquire a controlling stake in India-based RBL Bank Limited through a primary infusion of approximately $3 billion. The proposed transaction aligns with the DFM-listed bank’s …
Mergers and Acquisitions
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16 October 2025 08:58 PM MFIC, Nawy Now raise EGP 443m in region’s 1st Ijarah-backed mortgage fund
Cairo - Mubasher: Misr for Financial Investments (MFIC), Synergy Capital’s asset-management arm, in partnership with Nawy Now, has raised EGP 443 million for MFIC’s first issuance fund in just 10 days. The oversubscribed fund marks Egypt and the …
Global Economy
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16 October 2025 07:56 AM Aramex partners with AWS to transform global IT infrastructure.
Dubai - Mubasher: Aramex has migrated its Oceania data center (DC) to Amazon Web Services (AWS) cloud, marking the beginning of its extensive global IT modernization journey. The move aims to enhance operational agility, resilience, and …
Global Economy
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16 October 2025 07:52 AM MENA-focused Talabat’s CEO steps down; Gyssels appointed
Dubai – Mubasher: MENA-focused Talabat Holding announced the resignation of its CEO Tomaso Rodriguez, as part of a planned leadership transition, according to a press release. Rodriguez, who held the position for six years, will continue …
Corporate Actions
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16 October 2025 07:48 AM Contact, e& money forge partnership to boost Egypt’s financial ecosystem
Cairo - Mubasher: Contact Financial Holding partnered with e& money to improve the consumer finance experience through advanced digital solutions that integrate Contact’s financing solutions directly into “My e&” and “e& money” mobile apps. The …
Banking and Finance
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16 October 2025 07:44 AM ALEC Holdings’ debut on DFM marks UAE’s largest-ever construction sector IPO
Dubai - Mubasher: The Dubai Financial Market (DFM) welcomed the listing of ALEC Holdings, marking the UAE’s largest-ever initial public offering (IPO) in the construction sector, by both valuation and size. Being the first in the sector in over 15 …
Companies Investments
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15 October 2025 07:12 PM Dana Gas, Crescent Petroleum launch $1.1bn KM250 at Iraq’s Khor Mor
Abu Dhabi - Mubasher: Dana Gas and Crescent Petroleum have started commercial gas sales from the KM250 expansion at the Khor Mor facility in the Kurdistan Region of Iraq, delivered eight months ahead of schedule. The expansion adds 250 million …
Companies Investments
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15 October 2025 06:52 PM Monroe Capital opens Abu Dhabi office to expand Middle East presence
UAE - Mubasher: Monroe Capital has opened its office in Abu Dhabi after receiving its financial services permission (FSP) from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). The new office marks a major step in …
Companies Investments