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2 July 2025 05:01 PM PetroApp closes $50m fund round to accelerate global expansion; IPO plans unveiled
Riyadh - Mubasher: Saudi digital fuel and fleet management platform PetroApp has concluded a $50 million investment round led by Jadwa Investment through its GCC Diversified Private Equity Fund. Bunat Ventures also participated in the fundraising …
Companies Investments
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2 July 2025 04:24 PM Cityscape Global 2025 to launch in Riyadh in November
Riyadh – Mubasher: Cityscape Global, the largest real estate exhibition, is set to kick off in Riyadh during 17-20 November 2025, according to a press release. Held under the theme ‘The Future of Urban Living’, the event is sponsored by the …
Real estate
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2 July 2025 03:56 PM Saudi PIF tops GCC funds on Global SWF assessment
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) led the GCC funds, which manage $5.90 trillion in assets, recording a score of 100% this year, according to Global SWF’s governance, sustainability, and resilience (GSR) report. The fund, which …
Global Economy
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2 July 2025 01:34 PM KAPSARC launches 1st brand refresh since 2016
Riyadh - Mubasher: The King Abdullah Petroleum Studies and Research Center (KAPSARC) has announced its first brand rebranding since its establishment in 2016. This marks a pivotal step in the center’s evolution as a leading advisory think tank in …
Global Economy
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2 July 2025 10:19 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 as of 1 July …
Macroeconomics
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1 July 2025 02:04 PM Ericsson launches new regional HQ in Riyadh
Riyadh – Mubasher: Ericsson has inaugurated its new regional headquarters (HQ) in Riyadh, supporting its operations across the Middle East and Africa (MEA) region, according to a press release. The event addressed the evolution of network …
Global Economy
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1 July 2025 10:11 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 as of 30 June …
Trading Activities
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30 June 2025 07:45 PM Dubai-based Autoworld invests AED 45m in Jafza facility to drive regional growth
Dubai - Mubasher: Autoworld International FZCO, the regional distributor for India’s Bajaj Auto, plans to establish a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza), with total investments of AED 45 million. The …
Global Economy
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30 June 2025 00:27 PM Multiply Group sells PAL Cooling Holding to Tabreed, CVC DIF for AED 3.8bn
Abu Dhabi - Mubasher: Multiply Group entered into an agreement to monetize 100% of its shares in PAL Cooling Holding for a consortium comprising  National Central Cooling Company (Tabreed) and CVC DIF. The transaction, valued at approximately AED …
Mergers and Acquisitions
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30 June 2025 10:45 AM Prices of investment funds including certificates in EGP
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 as of 29 June …
Mutual Funds
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26 March 2025 04:16 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 …
Global Economy
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29 June 2025 06:44 AM Air Arabia, Saudia announce new routes in Russia
Mubasher: Air Arabia and Saudia have expanded their operations in Russia to enhance global connectivity, according to press releases. The Emirati low-cost airline inaugurated its new route to Sochi with a frequency six weekly flights, marking the …
Companies Investments
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29 June 2025 06:40 AM Italy’s Pronur enters Saudi Arabia to boost energy sector
Riyadh – Mubasher: Italy-based Pronur has launched its business in Saudi Arabia to advance renewable energy solutions across the Kingdom, according to a press release Established in 2021, Pronur works with major local and global entities, …
Companies Investments
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26 June 2025 02:15 PM Deloitte Middle East, AWS unveil $1bn expansion plans to boost digital transformation
Mubasher: Deloitte Middle East and Amazon Web Services (AWS) rolled out plans to deliver $1 billion worth of services by 2030, accelerating digital transformation across the Middle East, according to a press release. Both parties will inject …
Companies Investments
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26 June 2025 00:08 PM AI-powered idea-L secures $1m oversubscribed pre-seed to expands business in Middle East
UAE – Mubasher: Dubai-based AI-powered platform for idea realization platform (IRP) idea-L, has closed an oversubscribed $1 million pre-seed round, according to a press release. Led by a wide syndicate of investment angels, the transaction …
Global Economy
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26 June 2025 11:25 AM Tesla inaugurates 1st center in Saudi Arabia amid increasing demand for EVs
Riyadh-Mubasher: Tesla has opened its first center in Saudi Arabia to meet the Kingdom's growing demand for electric vehicles (EVs) and support its commitment to sustainable transportation. Located in Riyadh on Takhassousi Rd, the Tesla center …
Global Economy
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25 June 2025 03:56 PM Mashreq Bank inaugurates office in Turkey to expand global presence
Dubai – Mubasher: Mashreq Bank has opened its representative office in Turkey as a part of its commitment to supporting Turkish financial institutions and corporates. The UAE-based lender has an effective role in channeling risk capacity and …
Companies Investments
Rabih Farhat, CEO of Related
25 June 2025 06:56 AM Related secures $8m investment from Saudi Equivator to fuel MENA expansion
Mubasher: UAE-based loyalty and rewards company Related has secured an $8 million investment from Saudi premier alternative asset management firm Equivator, according to a press release. Related will use the new capital to support the launch of …
Global Economy
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25 June 2025 06:44 AM Altery scales financial services in MENA via DFSA license
Mubasher: Altery MENA Limited, a subsidiary of UK-based fintech Altery Limited, secured a regulatory license from the Dubai Financial Services Authority (DFSA), according to a press release. This move supports Altery’s global strategy to establish …
Global Economy
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25 June 2025 06:31 AM Aldar upgraded to ‘A’ rating in MSCI ESG Rating assessment
Abu Dhabi – Mubasher: Aldar Properties entered the top quartile of MSCI ESG Rating, ranking among global real estate companies after securing an upgrade to ‘A’ rating in the latest assessment, according to a press release. The rating aligns with …
Ratings
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24 June 2025 04:05 PM Burjeel Holdings supports regional growth via AED 170m acquisition deal
Abu Dhabi - Mubasher: Burjeel Holding has acquired the Medeor 24x7 Hospital building in Dubai for AED 170 million, according to a press release. The acquisition aligns with the group’s long-term strategy to enhance operational control, reduce …
Mergers and Acquisitions
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24 June 2025 01:00 PM Jadwa acquires majority stake in Saudi retailer Makhazen Alenaya
Riyadh – Mubasher: Jadwa Investment has acquired a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund, according to a press release. The transaction marks Jadwa’s fourth investment …
Mergers and Acquisitions
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24 June 2025 00:37 PM Prices of investment funds including certificates in EGP
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 as of 23 June …
Global Economy
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23 June 2025 11:13 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 …
Mutual Funds
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23 June 2025 07:45 AM Saudia expands regional footprint via flights to El-Alamein, Salalah
Riyadh – Mubasher: Saudia officially launched flights from Jeddah to El-Alamein in Egypt and Salalah in Oman, according to a press release. The new El-Alamein route marks Saudia’s fourth destination in Egypt, with three weekly flights operating …
Global Economy