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18 February 2025 09:12 AM Prices of investment funds including certificates in EGP, USD
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 …
Trading Activities
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17 February 2025 11:23 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 as per 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 …
Banking and Finance
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16 February 2025 09:24 PM Dual-listed Ithmaar Holding’s profits near $124m in 2024
Mubasher: Ithmaar Holding recorded net profits valued at $123.74 million in 2024, compared to $49.04 million in 2023, according to the initial financial results. Listed on Bahrain Bourse as well, the group registered a total income amounting to …
Financial Results
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16 February 2025 07:50 PM Deloitte delivers strategic announcements at LEAP 2025
Riyadh – Mubasher: Deloitte has reinforced its commitment to driving digital transformation across the region during its participation at the four-day LEAP 2025 event as the Innovation & Emerging Technology Partner of the event for the third …
Global Economy
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16 February 2025 00:11 PM GFH delivers robust performance in 2024; dividends raised
Mubasher: GFH Financial Group recorded 15.21% year-on-year (YoY) higher net profits attributable to the shareholders at $118.50 million in 2024, versus $102.86 million. The revenues hiked by 39.86% to $675.82 million last year from $482.22 million …
Board of Directors
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16 February 2025 09:35 AM Bitcoin miner Phoenix Group’s global expansion prompts 236% higher revenues in 2024
Abu Dhabi – Mubasher: The revenues of Phoenix Group hiked by 236% year-over-year (YoY) in 2024, anchoring the company’s position as a driving force in the global digital asset ecosystem. The group registered $107 million in mining revenue as of 31 …
Global Economy
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13 February 2025 02:23 PM Prices of investment funds including certificates in EGP, USD
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 …
Banking and Finance
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13 February 2025 07:01 AM Modon Holding’s global expansion drives 637% higher revenues in 2024; profits exceed AED 9.3bn
Abu Dhabi – Mubasher: Modon Holding generated AED 9.38 billion in net profit during 2024, compared to AED 573.95 million in 2023, as per the consolidated financial results. The group registered 637% year-on-year (YoY) higher revenues at AED 6.51 …
Global Economy
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12 February 2025 01:54 PM PIF launches 3rd edition of Private Sector Forum in Riyadh
Riyadh – Mubasher: The Public Investment Fund (PIF) has launched its third Private Sector Forum, along with an accompanying exhibition, at Riyadh’s King Abdulaziz International Conference Center. The forum, which is being held during 12-13 …
Global Economy
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12 February 2025 11:55 AM Prices of investment funds including certificates in EGP, USD
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 …
Mutual Funds
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11 February 2025 04:52 PM DP World unveils major milestone in developing 1st phase of $80m Sokhna Logistics Park
Mubasher: DP World has reached a major milestone in the development of the Sokhna Logistics Park, with 65% of the first phase now complete, according to a press release. The $80 million logistics hub which is strategically located in the Suez …
Global Economy
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11 February 2025 02:21 PM ADNOC Distribution records robust performance in 2024 from higher operations in Saudi Arabia, Egypt
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) achieved its highest-ever earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $1.05 billion (AED 3.86 billion) in 2024. This marked …
Cash Dividends
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10 February 2025 03:15 PM Prices of investment funds including certificates in EGP, USD
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 …
Global Economy
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6 February 2025 05:03 PM Retail event 2025 RLC Global Forum concludes in Saudi Arabia
Riyadh – Mubasher: The 2025 RLC Global Forum wrapped up in Riyadh on 5 February after two days of high-level discussions, bringing together leaders from across the retail value chain, according to a press release. The event brought together …
Event
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6 February 2025 07:18 AM Al Ramz drives regional expansion by supporting market-making operations in Oman
Dubai – Mubasher: The Muscat Stock Exchange (MSX) granted Al Ramz Corporation Investment and Development a market maker licence to support its regional expansion strategy, according to a press release. This move anchors Al Ramz’s position as a key …
Companies Investments
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5 February 2025 04:08 PM UAE, Saudi Arabia lead MENA’s e-commerce growth in 2024
Mubasher: The e-commerce sector in the MENA region, valued at $1.80 billion, grew by 30% in 2024, according to a joint report by Flowwow and Admitad. The market witnessed online orders growth in 2024, with 7% increases in the UAE and 9% in Saudi …
Global Economy
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5 February 2025 03:52 PM Beltone VC collaborates with LNKO to boost expansion plans
Cairo – Mubasher: Beltone Venture Capital (VC), a subsidiary of the listed Beltone Holding, has made a strategic equity investment in LNKO, a trendsetting omni-channel D2C eyewear startup. The partnership comes as part of Beltone VC’s ongoing …
Global Economy
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4 February 2025 05:47 PM qeen.ai secures largest seed investments in MENA; total funding reaches $12m
UAE – Mubasher: Dubai-based AI startup qeen.ai has raised one of the largest seed investments in the MENA region to date, securing $10 million in funding, according to a press release. The fundraising transaction was led by Prosus Ventures, with …
Companies Investments
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3 February 2025 07:11 PM Myne secures $2m funding to fuel expansion in MENA
UAE – Mubasher: UAE-based fintech Myne has closed a $2 million pre-seed funding round, led by Scene Holding, Raz Holding, with participation from Plus VC, the most active VC in the MENA. The funding will support Myne’s strategy of redefining how …
Global Economy
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3 February 2025 05:56 PM BKN301 launches regional office in Qatar to foster MENA’s digital solutions
Mubasher: BKN301 Group, a London-based banking as a service (BaaS) technology provider, has launched an office in Qatar, serving as the company’s regional headquarters (HQ) for the MENA region. This move aligns with BKN301’s development strategy …
Global Economy
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3 February 2025 02:31 PM ADNOC mulls creating global polyolefins group
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has confirmed negotiations with OMV AG about setting up a new global polyolefins group, according to a bourse filing. ADNCO proposed acquiring Nova Chemicals Corporation from Mubadala …
Global Economy
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3 February 2025 10:27 AM ADNOC’s TA’ZIZ unveils world’s largest methanol plants via $1.7bn award
UAE – Mubasher: TA’ZIZ, a joint venture (JV) between ADNOC and ADQ, has awarded a contract worth $1.70 billion (AED 6.20 billion) to SAMSUNG E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City. The …
Global Economy
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2 February 2025 08:27 PM Egyptian startup Simplex raises $13m investment to build CNC factory in Saudi Arabia
Mubasher: Simplex, an Egypt-based startup in the field of computer numerical control (CNC) machine manufacturing, secured $13 million to open a factory on a 20,000 square-metre site in Riyadh, according to a press release. The establishment of the …
Companies Investments
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2 February 2025 00:50 PM NMDC Energy delivers 80% higher net profits in 2024 due to global expansion
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), registered AED 1.40 billion in net profit during the 12-month period that ended on 31 December 2024. The annual earnings were higher by 80% than AED 780.42 …
Financial Results
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2 February 2025 09:27 AM Mashreq Bank’s regional growth motivates over AED 9bn profits in 2024
Dubai – Mubasher: The net profits after tax of Mashreq Bank grew by 4% year-on-year (YoY) to AED 9.01 billion in 2024 from AED 8.67 billion, according to the financial results. Total operating income witnessed an annual increase of 24% to AED …
Banking and Finance