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4 September 2025 01:32 PM EMSTEEL supplies U-Type sheet piles for Suez Canal floating bridge
Abu Dhabi – Mubasher: EMSTEEL Building Materials has supplied 5,000 tons of high-quality U-type sheet piles for Egypt’s new floating movable bridge across the Suez Canal. The bridge is developed to enhance connectivity between the East and West …
Companies Investments
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4 September 2025 01:23 PM Aldar to launch UAE’s 1st Tesla Experience Center on Yas Island
Abu Dhabi - Mubasher: Aldar Properties plans to deliver the UAE’s first Tesla Experience Centre on Yas Island, according to a press release. The facility will include a showroom, service center, and delivery hall in a single integrated site. This …
Real estate
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4 September 2025 00:45 PM Jazeera Airways strengthens regional network with return to Abu Dhabi, Al Ain
Mubasher: Jazeera Airways, Kuwait’s leading low-cost carrier, relaunched direct flights to Abu Dhabi and Al Ain in the UAE, starting on 2 October 2025, according to a press release. Besides Dubai, the airline will fly to three destinations in the …
Companies Investments
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4 September 2025 00:24 PM ADNOC, RIQ forge $500m partnership to anchor Abu Dhabi’s global risk hub
Abu Dhabi – Mubasher: RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of International Holding Company (IHC), entered into a strategic agreement with ADNOC. The partnership aims to …
Global Economy
Karim Shehata, CEO of Basata Holding
4 September 2025 11:07 AM Basata unveils $7m investment plans, mulls expansion in Gulf markets
Cairo – Mubasher: Egypt-based e-payment services company Basata Holding for Financial Payments plans to invest approximately $7 million in 2026 to reinforce its market position. The company is currently studying the potential acquisition …
Global Economy
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4 September 2025 10:52 AM Saudi ADES pens SAR 808m agreement with QatarEnergy
Riyadh – Mubasher: ADES Holding Company inked a contract for offshore drilling services for its jackup rig, Aquamarine Driller, with QatarEnergy. The two parties signed the agreement on 2 September, with an estimated backlog of SAR 808 million …
Global Economy
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4 September 2025 10:34 AM TAQA-led consortium concludes financial closing of $4bn greenfield power plants in Saudi Arabia
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA), Japan-based JERA Company, and Al Bawani Capital jointly announced the financial closing of two greenfield power plants in Saudi Arabia. The projects are Rihab ElAwal Power Company …
Companies Investments
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3 September 2025 08:43 PM Binghatti Holding lists $500m Sukuk in Nasdaq Dubai
UAE - Mubasher: Dubai-based property developer Binghatti Holding Limited has listed a $500 million Sukuk on Nasdaq Dubai as part of its $1.50 billion Trust Certificate Program. The issuance was oversubscribed five times, attracting more than $2.50 …
Trading Activities
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3 September 2025 08:32 PM Intella raises $12.5m in Series A funding to expand in MENA
Cairo - Mubasher: MENA-focused deep tech firm Intella has raised $12.50 million in an oversubscribed Series A round led by Prosus, according to a press release. The round witnessed participation from 500 Global, Wa’ed Ventures, Hala Ventures, …
Companies Investments
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3 September 2025 07:56 PM UAE non-oil sector improves in August despite weak new orders
UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE edged up to 53.3 in August 2025 from 52.9 in July, according to the latest S&P Global PMI data. The reading indicated an improvement in overall business …
Sector Reports
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3 September 2025 02:45 PM Singapore Exchange lists 1st Saudi Arabia-focused ETF
Mubasher: State Street Investment Management, the asset management business of State Street Corporation, announced the cross-listing of the PIF-anchored investment SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF on the Singapore Exchange …
Trading Activities
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3 September 2025 00:40 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 2 …
Banking and Finance
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3 September 2025 11:43 AM Rothschild to take over LLB's business in UAE
UAE - Mubasher:  Rothschild & Co signed a referral agreement with Liechtensteinische Landesbank (LLB) to expand its Wealth Management presence in the UAE, according to a press release. The group will onboard its employees and clients in the Gulf …
Global Economy
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3 September 2025 10:17 AM Caucasus Auto boosts operation in Middle East with UAE office
UAE - Mubasher: Leading U.S. vehicle importer Caucasus Auto Import has officially launched its UAE headquarters in Sharjah, according to a press release. The expansion marks a milestone for the company as it brings its services to one of the …
Global Economy
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3 September 2025 10:00 AM Dubai Investments scales global footprint via partnership with Angola’s FSDEA
Dubai - Mubasher: Dubai Investments has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The agreement aims to boost modern urbanization and …
Global Economy
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3 September 2025 09:56 AM Egypt’s fintech Munify raises $3m seed round to fuel regional expansion
Cairo - Mubasher: Egypt-based fintech Munify has raised a $3 million seed round led by Y Combinator, with participation from BYLD, Digital Currency Group, and other strategic investors. It will use the investment to scale engineering and …
Companies Investments
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3 September 2025 09:53 AM Dubai Duty Free’s sales exceed AED 646m in August
UAE - Mubasher: Dubai Duty Free achieved sales of AED 646.23 million ($177 million) during August 2025, up 15% year-on-year (YoY) from AED 561.53 million ($153.84 million). The higher sales surpassed the record of AED 588.13 million ($161 million) …
Financial Results
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2 September 2025 05:42 PM Lunate launches region’s 1st thematic ETF to expand quantum computing
UAE - Mubasher: Abu Dhabi-based investment manager Lunate has launched the region’s first thematic Exchange Traded Funds (ETFs), according to a press release. The ETFs will track the Solactive Developed Quantum Computing Index, offering access to …
Global Economy
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2 September 2025 02:56 PM Flynas bolsters global aviation operations via SAR 504m Murabaha deal with SAB
Riyadh - Mubasher: Flynas company has secured a Murabaha facility agreement worth SAR 504 million ($134.40 million) from Saudi Awwal Bank (SAB). The agreement aims to finance the delivery of new Airbus A320neo aircraft, according to a bourse …
Global Economy
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2 September 2025 02:37 PM 7 Centre expands global presence with office in Dubai Internet City
Dubai - Mubasher: 7 Centre, the Canadian company behind the Simplii sustainability platform, has officially opened its Middle East office, 7 Centre Middle East, in Dubai Internet City. The move marks a major step in the company’s global expansion, …
Global Economy
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2 September 2025 01:17 PM Umm Al Qura launches pre-booking model for SAR 329m land sale at Masar
Riyadh - Mubasher: Umm Al Qura for Development and Construction Company introduced a new real estate investment model that allows land sales at the destination through a pre-booking mechanism, according to a press release. By factoring in both …
Global Economy
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2 September 2025 11:40 AM RAK Properties enables crypto payment to attract global buyers
Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …
Companies Investments
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2 September 2025 11:12 AM 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 1 …
Trading Activities
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1 September 2025 05:32 PM Borouge to distribute $660m cash dividends for H1-25
Abu Dhabi - Mubasher: The general assembly of Borouge approved an interim dividend of $660 million, equivalent to 8.10 fils per share, for the first half (H1) of 2025, according to a press release. The company plans to pay a total dividend of …
Cash Dividends
Saudi Egyptian Developers
1 September 2025 05:22 PM Saudi Egyptian Developers unveils rebranding to boost regional expansion
Cairo - Mubasher: Saudi Egyptian Developers Company celebrated its 50th anniversary with the launch of a new logo and refreshed visual identity, signaling the start of a new phase of growth and innovation. The rebranding, shaped as a diamond-heart …
Real estate