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23 January 2025 06:03 PM Oil prices recover in December 2024; Aramco reduces prices for 2025 beginning – Aljazira Capital

Mubasher: The recent oil and petrochemicals monthly report by Aljazira Capital unveiled that methanol, propylene, and Urea prices rose in December 2024, while EDC, PVC, HDPE and PC declined. The listed Saudi Arabian Oil Company (Aramco) lowered …

Macroeconomics

23 January 2025 05:08 PM Automotive sector in Arab countries attracts foreign projects with Capex exceeding $25bn – Dhaman

Mubasher: The automotive sector in Arab countries attracted 184 foreign projects with Capex crossing $25 billion over 22 years, according to the Arab Investment & Export Credit Guarantee Corporation (Dhaman). The projects further provided more …

Sector Reports

23 January 2025 04:27 PM Bonyan obtains nod for listing on EGX; Mubasher acts as placement agent for IPO within H1-25

Cairo – Mubasher: Independent real estate investment company Bonyan has received approval to list on the Egyptian Exchange (EGX) under the ticker symbol “BONY.CA”, according to an official statement. Bonyan plans to proceed with the initial public …

Trading Activities

23 January 2025 04:15 PM DIFC joins forces with Lloyd’s to boost future talent in insurance sector across region

UAE – Mubasher: Global financial hub in the Middle East, Africa, and South Asia (MEASA) Dubai International Financial Centre (DIFC), has collaborated through its education platform DIFC Academy with Lloyd’s to develop future talent within the …

Global Economy

23 January 2025 03:58 PM Cross-listed GFH confirms $200m contribution towards certain sector in US

Mubasher: GFH Financial Group, which is listed on several regional stock markets, has confirmed that its investments and commitments exceed $200 million in the infrastructure sector in the US, according to a bourse filing. The amount is dedicated …

Companies Investments

22 January 2025 09:33 PM Orascom Construction consortium begins 306 MW commercial operations at region's largest wind farm

Cairo – Mubasher: Orascom Construction recently unveiled the start of commercial operations of the first 306 megawatts (MW) phase of the Ras Ghareb wind farm, according to a company disclosure. Meanwhile, construction of the remaining capacity …

Companies Investments

22 January 2025 04:37 PM Dubai International Chamber remains committed to expanding into global markets – Al Shamsi

UAE – Mubasher: Dubai International Chamber has organised the first In Focus session of 2025 to assist Dubai-based companies in exploring opportunities for broader expansion, according to an official statement. Vice President of International …

Event

22 January 2025 03:55 PM ADIB unveils 1st personal finance management tool in region

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched the first personal finance management tool, the ADIB Money Management Tracker, in the region to offer more control and insight over the customers’ financial activities. The …

Banking and Finance

22 January 2025 02:02 PM Saudi Arabia to host annual Global Labor Market Conference next week

Riyadh – Mubasher: Saudi Arabia will host the ministerial roundtable for the second edition of the annual Global Labor Market Conference (GLMC) for two days under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al …

Global Economy

22 January 2025 01:17 PM Future Minerals Forum opens door for dialogue on critical minerals traceability; CMAG chairs panel

Riyadh – Mubasher: The Critical Minerals Africa Group (CMAG) chaired a panel session on critical minerals traceability at the Future Minerals Forum that was held in the capital of Saudi Arabia earlier in January 2025. CMAG is an advocacy group …

Global Economy

22 January 2025 00:52 PM Reynaers Middle East showcases sustainable aluminium solutions at BAU 2025

Mubasher: Sustainable aluminium solutions provider Reynaers Middle East has concluded its participation in BAU 2025, an event held every two years, according to a press release. BAU is a trade fair for architecture, materials, and systems, with …

Companies Investments

21 January 2025 09:07 PM Top M&A financial, legal advisers in Middle East, Africa unveiled for 2024 – GlobalData

Mubasher: GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the Middle East and African region during 2024. BMO …

Sector Reports

21 January 2025 08:53 PM IEA expects global oil demand growth to accelerate in 2025; OPEC remains more upbeat on outlook

Mubasher: The International Energy Agency (IEA) and OPEC have released their January oil market reports, outlining their views on oil demand for 2025, according to a detailed Emirates NBD Research paper. The IEA expects global oil demand growth to …

Global Economy

21 January 2025 06:28 PM UAE’s VAT law for precious metals likely to allow streamlining, cement country position as global trading hub

UAE – Mubasher: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT. Meanwhile, the responsibility of …

Macroeconomics

21 January 2025 04:18 PM Aldar initiates region’s 1st sustainability incentive programme

Abu Dhabi – Mubasher: Aldar Properties has launched a sustainability incentive programme to be the first of its kind in the region aimed at rewarding suppliers with green bonuses that include financial and non-financial benefits, according to a …

Global Economy

21 January 2025 02:19 PM MENA real estate activity likely to witness increase in 2025 – Savills

Mubasher: Real estate investment activity is expected to improve significantly in 2025, with a strong recovery in capital values also anticipated, according to a recent Savills report. Researchers expect that the MENA region, including key markets …

Real estate

21 January 2025 01:28 PM Deloitte Middle East unveils first-of-kind programme for green economy

Mubasher: Deloitte Middle East has recently collaborated with the Institute of Environmental Management and Assessment (IEMA) to launch the Green Skills for a Green Economy program, according to a press release. It is the first of its kind …

Global Economy

20 January 2025 08:42 PM Middle East-based AJEX teams up with Chapman Freeborn to boost Saudi aviation services

Riyadh – Mubasher: AJEX Logistics Services, a Middle East-based specialist in express distribution and shipping solutions, signed a strategic collaboration agreement with leading global aircraft charter and aviation support company Chapman …

Global Economy

20 January 2025 07:40 PM Nutanix initiates MC Experts to create platform serving Middle East, Europe, Africa

Mubasher: Hybrid multi-cloud computing company Nutanix recently launched Multicloud Experts community (MC Experts) in Europe, the Middle East, and Africa (EMEA) as part of an initiative to establish a platform for leading cloud experts to pool …

Global Economy

20 January 2025 06:31 PM Elm partakes as strategic partner in Hajj Conference 2025, has potential for regional growth

Riyadh – Mubasher: Elm Company has participated as the strategic partner of the Hajj Conference and Exhibition 2025, which took place in Jeddah on 13-16 January 2025, according to a press release. The event aims to bolster communications and …

Global Economy

20 January 2025 04:32 PM Al Ansari Financial Services unveils strategic partnership with Abhi Middle East

Dubai – Mubasher: Al Ansari Financial Services recently announced its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), according to a press …

Companies Investments

10th Meeting of Arab Finance Ministries' Deputies

20 January 2025 02:47 PM Deputy finance ministers from Arab world discuss fiscal policies, digital transformation

UAE – Mubasher: Arab deputy finance ministers have assembled in Abu Dhabi to discuss financial policies and digital transformation in public finance, as part of the 10th Meeting of Arab Finance Ministries' Deputies. The Arab officials are also …

Macroeconomics

20 January 2025 10:28 AM Relata regional growth plans with strategic expansion into Dubai

UAE – Mubasher: India-based Relata has expanded its operations into Dubai through a joint venture (JV) between Cognilements International and visionary leader Neeraj Srivastava. Neeraj Srivastava was appointed as Chairman of Relata GCC region and …

Companies Investments

19 January 2025 04:37 PM CIRA’s majority shareholder acquires 37.5% additional equity, backs regional expansion

Cairo – Mubasher: Social Impact Capital, the majority shareholder of 51.20% in Cairo for Investment and Real Estate Development (CIRA Education), is in the process of acquiring an additional 37.50% stake in CIRA through a mandatory takeover offer …

Companies Investments

19 January 2025 02:41 PM UAE leads MENA’s solar energy projects - MESIA

UAE – Mubasher: The UAE led the regional solar energy sector, the Middle East Solar Industry Association (MESIA) highlighted in the "Solar Outlook Report 2025" report. This was backed by the country’s green initiatives, such as the Dubai Clean …

Global Economy

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