Riyadh – Mubasher: Saudi Arabia and the UAE cut their US Treasury holdings in March by nearly $17 billion as the Iran conflict hit crude exports, their key source of dollar income. The kingdom reduced its US Treasury holdings by $10.80 billion to …
Riyadh - Mubasher: Saudi flag carrier Riyadh Air began the ticket sales for passengers flying between King Khalid International Airport and London Heathrow Airport aboard its new fleet of Boeing 787-9 Dreamliner aircraft starting on 1 July 2026. …
Riyadh - Mubasher: The Saudi Ports Authority (Mawani) partnered with Folk Maritime and SABIC to launch a new Red Sea Express container shipping service to King Fahd Industrial Port, the Saudi Press Agency (SPA) reported. The new service, with a …
Riyadh - Mubasher: Saudi low-cost airline flyadeal has launched scheduled services to India with daily flights between Riyadh and Hyderabad beginning 1 July 2026, according to a press release. Tickets are now available on sale, bookable via …
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has nodded for Al Rajhi Capital, a subsdiary of Al Rajhi Bank, to proceed with the public offering of the Al Rajhi GCC Equity Fund (Excluding KSA), according to an official …
Mubasher: PlayReplay, an AI-powered intelligent court system for racquet sports, has raised a total of $12 million in a funding round led by Alfvén & Didrikson (A&D) alongside other investors, including Centre Court Capital, ExM Investment …
Mubasher: The net profits of ADNOC Distribution and Americana Restaurants International joined forces to expand dining and convenience offerings across ADNOC Distribution service station locations in the UAE, Saudi Arabia, and Egypt. Under the …
Riyadh – Mubasher: SAB Invest, the investment arm of Saudi Awwal Bank (SAB), was announced as the first ETF market maker in the Kingdom, marking a new milestone in the Saudi capital market, according to a press release. The CEO of SAB Invest, Ali …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) collaborated with Pasqal, a global leader in neutral-atom quantum computing, for the inauguration of the first quantum computer in Saudi Arabia. Aramco and Pasqal also unveiled the first …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that Eid Al Adha holiday will commence on Sunday, 24 May 2026, according to an official statement. Tadawul stated that the last day of trading before the holiday will be Thursday, 21 May …
Riyadh – Mubasher: The International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance held the second High-Level Strategic Dialogue on Capacity Development and agreed to a suite of support to IMF capacity development across the Middle …
Riyadh – Mubasher: Ghaia Investment Holding and next-generation investment management firm Chicago Global are introducing Parallax in Saudi Arabia to help institutions form, review and govern investment decisions. Parallax is developed by Chicago …
Dubai - Mubasher: Al Ramz Corporation Investment and Development delivered solid financial results in the first quarter (Q1) of 2026, reflecting the group’s digital innovation that reinforces its position for sustained growth and long-term value …
Riyadh – Mubasher: Riyad Bank and Mastercard jointly launched an innovative Travel and Expense (T&E) Corporate Card program, marking the Saudi lender’s first corporate card offering in the Kingdom. The launch builds on the two entities’ ongoing …
Mubasher: Majid Al Futtaim has officially launched SHARE in Saudi Arabia, introducing its flagship rewards program to one of the region’s fastest-growing and digitally connected markets, according to a press release. SHARE serves as the group’s …
Riyadh – Mubasher: Sport Clubs Company announced, on 18 May 2026, the official opening of a new fitness facility in Dammam. The new center in An Nada District marks a strategic expansion of the company’s presence in the Eastern Province, operating …
Abu Dhabi – Mubasher: Dana Gas logged net profits totaling AED 270 million ($74 million) in the first quarter (Q1) of 2026, marking a 72% year-on-year (YoY) leap from AED 158 million ($43 million). The gross revenues jumped by 59% YoY to AED 531 …
Riyadh – Mubasher: The individual investor subscription period for Dar Al Balad for Business Solutions Company’s initial public offering (IPO) has been concluded at a final offer price of SAR 9.75 per share. The retail offering saw significant …
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company plans to issue Sharia-compliant, USD-denominated, fixed-rate RegS senior unsecured Sukuk, according to a bourse filing. Dar Al Arkan has mandated Abu Dhabi Commercial Bank (ADCB), Abu …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has officially announced the approval of SAB Invest to act as the first designated market maker under the Exchange Traded Funds (ETF) Market Making Framework, which was launched earlier in 2026. This …
Abu Dhabi - Mubasher: The net income attributable to the shareholders of Abu Dhabi National Energy Company (TAQA) remained stable at AED 2.15 billion in the first quarter (Q1) of 2026. Total revenues hit AED 13.73 billion in Q1-26, compared to AED …
Abu Dhabi – Mubasher: International Holding Company (IHC) has concluded its participation at the Make it in the Emirates (MIITE) Forum 2026, securing partnership agreements totaling AED 40 billion. During the four-day event, the IHC Pavilion drew …
Mubasher: GFH Bank, formerly known as GFH Financial Group, reported net profits valued at $34.34 million in the first quarter (Q1) of 2026, up 11.90% year-on-year (YoY) from $30.69 million. The basic and diluted earnings per share (EPS) reached …
Riyadh - Mubasher: MENA-based digital freight network TruKKer secured an inaugural trade receivables securitization facility of up to $300 million arranged and funded by Abu Dhabi Commercial Bank (ADCB). The transaction, among the GCC’s first …
Dubai – Mubasher: National Central Cooling Company (Tabreed) generated 4% year-on-year (YoY) higher revenues at AED 485.70 million in the first quarter (Q1) of 2026, versus AED 465.55 million. Basic and diluted earnings per share attributable to …
