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26 August 2025 06:22 AM GCC countries top Dubai Chamber exports with AED 83.6bn in H1-25
UAE - Mubasher: The GCC markets have dominated Dubai Chamber of Commerce’s list of global destinations for its members’ exports and re-exports during the first half (H1) of 2025, according to a press release. The GCC region represented 48.60% of …
Macroeconomics
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25 August 2025 03:15 PM Holo expands digital mortgage solutions across GCC via $22m funding
UAE - Mubasher: Dubai-based proptech Holo has secured a $22 million Series A led by Saudi Arabia’s Impact46, according to a press release. The fundraising transaction witnessed the participation of Mubadala, Rua Growth Fund, anb seed, and MoreThan …
Global Economy
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25 August 2025 01:43 PM Diriyah pens MoU with SRMG to boost media collaboration, fosters global presence
Riyadh - Mubasher: Diriyah Company, owned by the Public Investment Fund (PIF), has signed a strategic memorandum of understanding (MoU) with the Saudi Research and Media Group (SRMG). The agreement aims to expand media collaboration and support …
Global Economy
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25 August 2025 08:00 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 and USD, as …
Banking and Finance
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25 August 2025 07:04 AM CBE auctions T-bonds, floating-rate note on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered fixed treasury bonds (T-bonds) at a combined value of EGP 22.50 billion over three tranches on Monday, 25 August. The first auction stood at EGP 7 billion and will mature in two years on 5 …
Bonds
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25 August 2025 06:43 AM TAQA takes over GS Inima to accelerate global water growth strategy
Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has signed an agreement to fully acquire GS Inima, a global leader in water treatment and water desalination, from GS Engineering and Construction. Under the transaction, valued at …
Mergers and Acquisitions
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24 August 2025 04:28 PM Egypt Aluminum’s net profits cross EGP 10.1bn in FY24/25
Cairo - Mubasher: Egypt Aluminum registered EGP 10.18 billion in net profits after tax for the fiscal year (FY) 2024/2025, reflecting a 9% year-on-year (YoY) rise from EGP 9.32 billion. Earnings per share (EPS) stood at EGP 24.69 in FY24/25, …
Financial Results
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24 August 2025 03:50 PM Telecom Egypt, NaiTel boost regional connectivity via ‘Coral Bridge’ subsea cable
Cairo - Mubasher: Telecom Egypt and Jordan’s NaiTel, a telecom arm of Aqaba Digital Hub (ADH), have completed the ‘Coral Bridge’ subsea cable, according to a bourse disclosure. The cable marks the first direct digital link between the two …
Global Economy
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24 August 2025 01:02 PM Dubai’s Spinneys enters Kuwait through Alshaya’s JV, expands GCC business
Dubai - Mubasher: Premium food retailer Spinneys has entered the Kuwait market through a joint venture (JV) with Alshaya Group, expanding its GCC presence to four markets. Under the partnership, Spinneys will hold a 51% majority stake in the JV …
Companies Investments
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24 August 2025 11:35 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 and USD, as …
Global Economy
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24 August 2025 08:12 AM Egypt-Saudi Arabia bilateral trade up to $5.9bn in H1-25
Cairo – Mubasher: The trade exchange value between Egypt and Saudi Arabia amounted to $5.90 billion in the first half (H1) of 2025, an annual surge from $4.90 billion. Egypt's exports to the Saudi market amounted to $1.50 billion in H1-25, down …
Companies Investments
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24 August 2025 07:42 AM ACWA Power secures SAR 12.8bn from regional, global banks for CCGT power plants
Riyadh - Mubasher: ACWA Power company achieved the financial close for two large-scale combined cycle gas turbine (CCGT) power plants at a value of SAR 12.80 billion ($3.40 billion). Located in Riyadh and the Eastern province of Saudi Arabia, …
Companies Investments
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24 August 2025 07:02 AM Gathern secures $72m funding round led by PIF’s Sanabil Investments
Riyadh - Mubasher: Saudi peer-to-peer (P2P) vacation rental platform Gathern has raised $72 million in Series B funding, led by Sanabil Investments, a PIF subsidiary. The fundraising also witnessed the participation of STV, Pinnacle Capital, Nuwa …
Global Economy
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24 August 2025 06:57 AM ADNH Catering boosts regional expansion strategy via 50% stake in Compass Arabia
Abu Dhabi - Mubasher: ADNH Catering has acquired a 50% stake in Compass Arabia Limited, a Saudi joint venture (JV), accelerating its growth in the Kingdom. Starting from August 2025, the JV's performance will now be consolidated into ADNH …
Global Economy
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24 August 2025 06:40 AM CBE unveils T-bills worth EGP 65bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 65 billion through two auctions on Sunday, 24 August. The first offering stood at EGP 25 billion and will mature in 91 days on 25 November 2025, according …
Treasury Bills
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21 August 2025 06:30 PM Presight’s AI-Startup Accelerator brings together 10 global firms in Abu Dhabi
Abu Dhabi - Mubasher: Presight AI Holding is hosting its first-ever AI-Startup Accelerator Bootcamp in Abu Dhabi, gathering 10 startups globally to scale real-world AI solutions. During the three-day event, the startups will embark on a rigorous …
Companies Investments
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21 August 2025 01:34 PM CI Capital backs regional expansion plans via EGP 4.9bn revenues in H1-25
Cairo - Mubasher: CI Capital Holding for Financial Investments registered an annual drop in consolidated net profits after tax to EGP 699.28 million in the first half (H1) of 2025, compared to EGP 1.31 billion. Total revenues declined to EGP 4.92 …
Financial Results
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21 August 2025 04:57 AM Banque Misr pens cooperation protocol with E-systematic to bolster mortgage services
Cairo - Mubasher: Banque Misr has signed a cooperation protocol with E-systematic for Technology and Project Management, the owner of The Official Egyptian Real Estate Platform. The agreement aims to provide smoother access to mortgage financing …
Banking and Finance
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21 August 2025 04:44 AM UAE’s CE-Ventures backs $100m round in US-based Aalo Atomics
UAE - Mubasher: CE-Ventures, the corporate venture capital (VC) platform of Crescent Enterprises, has joined the $100 million Series B funding round for leading US nuclear technology company Aalo Atomics, according to a press release. The …
Companies Investments
Founders of Starvania Studios
21 August 2025 04:42 AM Starvania Studios to expand global business via $1.1m funding
Riyadh – Mubasher: Saudi Arabia-based Starvania Studios has secured an investment of $1.10 million from Merak Capital and Impact46, according to a press release. The funding will contribute to accelerating Starvania Studios’ growth trajectory by …
Companies Investments
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21 August 2025 04:38 AM CBE unveils EGP 80bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 80 billion through two issues on Thursday, 21 August. The first tranche was valued at EGP 35 billion and will mature in 182 days on 24 …
Central Banks
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21 August 2025 00:23 AM UAE-based Coraly.ai secures $2m funding to fuel regional expansion, international market entry
UAE – Mubasher: Proptech company Coraly.ai, formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market …
Real estate
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20 August 2025 11:52 AM CIRA Education take over 51% of L’École Française Hurghada
Cairo - Mubasher: Cairo for Investment and Real Estate Development (CIRA Education) has acquired a 51% stake in L’École Française d’Hurghada, expanding its footprint in the Red Sea region. The stake acquisition deal marks the company’s first entry …
Companies Investments
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20 August 2025 11:22 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 and USD, as …
Banking and Finance
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20 August 2025 10:59 AM Masdar-led alliance closes $1.1bn deal for solar project in Saudi Arabia
Abu Dhabi - Mubasher: Abu Dhabi Future Energy Company (Masdar), GD Power, and Korea Electric Power Corporation jointly closed a $1.10 billion deal for the 2-gigawatt (GW) Al Sadawi solar project. The project falls under the National Renewable …
Companies Investments