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4 September 2025 00:59 PM Khazna secures $2.62bn financing led by ADCB, FAB to back international growth

UAE - Mubasher: Khazna Data Centers has secured a $2.62 billion financing facility, in partnership with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB), to fuel its UAE and international growth plans. Holding a tenor lasting up to …

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4 September 2025 11:58 AM US-based Adams Street enters GCC region via Abu Dhabi office

UAE - Mubasher: Adams Street Partners, an American private equity firm, has opened its office in Abu Dhabi, marking its entry into the GCC region, according to a press release. Located in Abu Dhabi Global Market (ADGM), the new office will boost …

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4 September 2025 10:45 AM Jazeera Airways strengthens regional network with return to Abu Dhabi, Al Ain

Mubasher: Jazeera Airways, Kuwait’s leading low-cost carrier, relaunched direct flights to Abu Dhabi and Al Ain in the UAE, starting on 2 October 2025, according to a press release. Besides Dubai, the airline will fly to three destinations in the …

Companies Investments

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4 September 2025 10:24 AM ADNOC, RIQ forge $500m partnership to anchor Abu Dhabi’s global risk hub

Abu Dhabi – Mubasher: RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of International Holding Company (IHC), entered into a strategic agreement with ADNOC. The partnership aims to …

Karim Shehata, CEO of Basata Holding

4 September 2025 09:07 AM Basata unveils $7m investment plans, mulls expansion in Gulf markets

Cairo – Mubasher: Egypt-based e-payment services company Basata Holding for Financial Payments plans to invest approximately $7 million in 2026 to reinforce its market position. The company is currently studying the potential acquisition …

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4 September 2025 08:52 AM Saudi ADES pens SAR 808m agreement with QatarEnergy

Riyadh – Mubasher: ADES Holding Company inked a contract for offshore drilling services for its jackup rig, Aquamarine Driller, with QatarEnergy. The two parties signed the agreement on 2 September, with an estimated backlog of SAR 808 million …

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4 September 2025 08:34 AM TAQA-led consortium concludes financial closing of $4bn greenfield power plants in Saudi Arabia

Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA), Japan-based JERA Company, and Al Bawani Capital jointly announced the financial closing of two greenfield power plants in Saudi Arabia. The projects are Rihab ElAwal Power Company …

Companies Investments

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3 September 2025 06:32 PM Intella raises $12.5m in Series A funding to expand in MENA

Cairo - Mubasher: MENA-focused deep tech firm Intella has raised $12.50 million in an oversubscribed Series A round led by Prosus, according to a press release. The round witnessed participation from 500 Global, Wa’ed Ventures, Hala Ventures, …

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3 September 2025 00:45 PM Singapore Exchange lists 1st Saudi Arabia-focused ETF

Mubasher: State Street Investment Management, the asset management business of State Street Corporation, announced the cross-listing of the PIF-anchored investment SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF on the Singapore Exchange …

Companies Investments

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3 September 2025 10:40 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 and USD, as of 2 …

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3 September 2025 09:43 AM Rothschild to take over LLB's business in UAE

UAE - Mubasher: Rothschild & Co signed a referral agreement with Liechtensteinische Landesbank (LLB) to expand its Wealth Management presence in the UAE, according to a press release. The group will onboard its employees and clients in the Gulf …

Companies Investments

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3 September 2025 08:17 AM Caucasus Auto boosts operation in Middle East with UAE office

UAE - Mubasher: Leading U.S. vehicle importer Caucasus Auto Import has officially launched its UAE headquarters in Sharjah, according to a press release. The expansion marks a milestone for the company as it brings its services to one of the …

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3 September 2025 08:00 AM Dubai Investments scales global footprint via partnership with Angola’s FSDEA

Dubai - Mubasher: Dubai Investments has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The agreement aims to boost modern urbanization and …

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3 September 2025 07:56 AM Egypt’s fintech Munify raises $3m seed round to fuel regional expansion

Cairo - Mubasher: Egypt-based fintech Munify has raised a $3 million seed round led by Y Combinator, with participation from BYLD, Digital Currency Group, and other strategic investors. It will use the investment to scale engineering and …

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2 September 2025 03:42 PM Lunate launches region’s 1st thematic ETF to expand quantum computing

UAE - Mubasher: Abu Dhabi-based investment manager Lunate has launched the region’s first thematic Exchange Traded Funds (ETFs), according to a press release. The ETFs will track the Solactive Developed Quantum Computing Index, offering access to …

Companies Investments

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2 September 2025 00:56 PM Flynas bolsters global aviation operations via SAR 504m Murabaha deal with SAB

Riyadh - Mubasher: Flynas company has secured a Murabaha facility agreement worth SAR 504 million ($134.40 million) from Saudi Awwal Bank (SAB). The agreement aims to finance the delivery of new Airbus A320neo aircraft, according to a bourse …

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2 September 2025 00:37 PM 7 Centre expands global presence with office in Dubai Internet City

Dubai - Mubasher: 7 Centre, the Canadian company behind the Simplii sustainability platform, has officially opened its Middle East office, 7 Centre Middle East, in Dubai Internet City. The move marks a major step in the company’s global expansion, …

Companies Investments

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2 September 2025 11:17 AM Umm Al Qura launches pre-booking model for SAR 329m land sale at Masar

Riyadh - Mubasher: Umm Al Qura for Development and Construction Company introduced a new real estate investment model that allows land sales at the destination through a pre-booking mechanism, according to a press release. By factoring in both …

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2 September 2025 09:40 AM RAK Properties enables crypto payment to attract global buyers

Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …

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2 September 2025 09:12 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 and USD, as of 1 …

Banking and Finance

Saudi Egyptian Developers

1 September 2025 03:22 PM Saudi Egyptian Developers unveils rebranding to boost regional expansion

Cairo - Mubasher: Saudi Egyptian Developers Company celebrated its 50th anniversary with the launch of a new logo and refreshed visual identity, signaling the start of a new phase of growth and innovation. The rebranding, shaped as a diamond-heart …

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1 September 2025 09:39 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 …

Trading Activities

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1 September 2025 08:15 AM Majid Al Futtaim launches 100th store in Egypt; investments cross $2.5bn

Mubasher: Majid Al Futtaim opened its 100th retail store in Egypt and the first Carrefour store in the Governorate of Suez, according to a press release. The group is expanding its footprint across strategic locations and providing accessible, …

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1 September 2025 06:44 AM stc launches sccc by stc to bolster global cloud computing services

Riyadh – Mubasher: Saudi Telecom Company (stc) has launched "sccc by stc," the new identity of the Saudi Cloud Computing Company (sccc), which specializes in advanced cloud computing services and data processing using AI. This move aligns with …

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31 August 2025 04:37 PM GCC-focused Riyad Capital leads SAR 500m Sukuk issuance for Sumou Global Investment

Riyadh - Mubasher: Riyad Capital, a leading asset manager within Saudi Arabia and the GCC region, has issued SAR 500 million in SAR-denominated Sukuk for Sumou Global Investment Company. The three-year issuance marks the first of its kind offering …