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15 June 2025 03:03 PM AfDB supports Africa’s largest solar energy project via $184m funding
Cairo – Mubasher: The African Development Bank Group (AfDB) has approved a financing package of up to $184.10 million for Africa’s largest solar energy and battery storage project, according to a press release. The funding will be used to support …
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15 June 2025 00:17 PM AD Ports, Bahrain’s ASRY join forces to support maritime sector in GCC
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY)for strategic maritime and ports projects. The two parties seek to set up a joint venture …
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15 June 2025 09:47 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, except for the …
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15 June 2025 09:21 AM Agility Global’s unit Tristar inks $255m financing agreement
Abu Dhabi – Mubasher: Tristar, a subsidiary of Agility Global, has penned a new credit facility with several regional and international banks for an amount of $255 million. The facility deal holds a maturity period of 18 months with an extension …
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15 June 2025 08:42 AM G42 expands global footprint via G42 Europe & UK subsidiary in London
UAE – Mubahser: Emirati AI and advanced technology group G42 has a subsidiary in London, G42 Europe & UK, to focus on delivering tailored AI solutions to Europe and the UK's private sector, according to Emirates News Agency (WAM). Co-chaired by …
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15 June 2025 08:05 AM Kumulus Water expands off-grid water tech in Europe, MENA via $3.5m funding
Mubasher: Paris-based climate-tech startup Kumulus Water has raised $3.50 million in a seed round to scale its off-grid water production technology in Europe and the MENA region. The funding transaction was led by Bpifrance via France 2030 SGPI …
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15 June 2025 07:47 AM IHC launches ADGM-based RIQ to redefine global reinsurance landscape
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in Abu Dhabi Global Market (ADGM). The new brand supports the objectives of IHC, …
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3 March 2025 03:06 PM Businesses operating in Bahrain benefit from cost advantages in logistics, manufacturing
Mubasher: Businesses operating in Bahrain benefit from annual operating cost advantages of up to 69% in logistics and up to 41% in manufacturing compared to neighbouring GCC countries, according to the ‘Cost of Doing Business in the GCC’, …
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2 March 2025 03:37 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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, except for …
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12 June 2025 10:06 PM Saudia launches direct flights between Riyadh, Vienna to boost global connectivity
Riyadh – Mubasher: Saudia has inaugurated its first direct and scheduled flights from Riyadh to Vienna, the capital of Austria, according to a press release. Launched in collaboration with the Air Connectivity Program (ACP), the strategic route …
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12 June 2025 08:56 PM Asas Makeen to float shares on Nomu next week
Riyadh – Mubasher: Asas Makeen Real Estate Development and Investment Company is scheduled to commence listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Monday, 16 June 2025. Asas Makeen will float 1 million …
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12 June 2025 07:37 AM DHL Group fuels regional expansion plans via EUR 500m investments
Mubasher: DHL Group, the world's leading logistics provider, plans to invest more than EUR 500 million in the Middle East, mainly focusing on Saudi Arabia and the UAE, according to a press release. The group aims to inject the investment between …
Founders of Qanooni
12 June 2025 06:44 AM Dubai-based regtech Qanooni closes $2m funding round to drive regional expansion
UAE – Mubasher: Dubai-based legal technology startup Qanooni has raised $2 million in a pre-seed round led by Village Global, Oryx Fund by Salica Investments, TA Ventures, and strategic angels. The startup will utilize the capital to accelerate …
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12 June 2025 06:32 AM UAE-based Nas hikes stake in Egyfert for nearly EGP 187m
Cairo – Mubasher: UAE-based Nas Investment Holding raised its equity ownership in Samad Misr (Egyfert) to 51.47% from 32.39%, according to a bourse filing. Nas purchased 1.83 million shares in the EGX-listed firm at a total value of EGP 186.77 …
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11 June 2025 00:20 PM ADNOC L&S, Borouge join forces to boost UAE’s petrochemicals production
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) and Borouge have entered a 15-year strategic partnership to expand the production and export of petrochemicals from the UAE, according to a press release. The agreement will deliver a …
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11 June 2025 11:41 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, except for the …
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11 June 2025 09:09 AM Emirates Stallions’ unit partners with SAAS to develop AED 1.6bn project
Abu Dhabi – Mubasher: Royal Development Holding, a subsidiary of Emirates Stallions Group (ESG), has partnered with UAE-based luxury property developer SAAS Properties to launch its branded residences development on Al Reem Island. The AED 1.60 …
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27 February 2025 03:57 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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, except for …
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10 June 2025 06:54 PM ADNOC Gas awards $5bn contracts for RGD’s 1st phase
Abu Dhabi – Mubasher: ADNOC Gas has awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) project, according to a press release. The contracts aim to boost operational efficiency across four ADNOC Gas facilities: …
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10 June 2025 03:58 PM Nettlestone Capital Advisors expands regional footprint via DIFC office
UAE – Mubasher: Nettlestone Capital Advisors, a senior-led advisory and capital raising firm, officially launched its business in the Dubai International Financial Centre (DIFC), according to a press release. The group offers a combination of …
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10 June 2025 03:21 PM Agility Global secures $500m credit facility deal from regional bank
Abu Dhabi – Mubasher: Agility Global has signed a credit facility agreement with a regional bank for a total amount of $500 million, according to a bourse filing. The facility, which has a maturity period of three years, will be used to fund …
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10 June 2025 03:04 PM Abu Dhabi’s property market records AED 6.3bn sales in 4 months
UAE – Mubasher: Abu Dhabi’s property market witnessed a 5% increase in luxury transactions valued at AED 7 million and above, reaching AED 6.30 billion in the first four months of 2025, according to Metropolitan Capital Real Estate (MCRE). The …
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10 June 2025 01:22 PM Sharjah Islamic Bank lists $500m Sukuk on Nasdaq Dubai
Abu Dhabi – Mubasher: Nasdaq Dubai welcomed the listing of a $500 million Additional Tier 1 (AT1) Sukuk offered by Sharjah Islamic Bank, according to a press release. The perpetual, non-call six-year AT1 Capital Certificates were issued by the …
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10 June 2025 11:56 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, except for the …
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9 June 2025 04:38 PM Wipro launches new regional office in Riyadh
Riyadh – Mubasher: Wipro Limited has relocated its Middle East regional headquarters from Al Khobar to Riyadh, according to a press release. The new office supports Wipro’s growing presence in the region, which includes offices in Riyadh, Al …