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12 June 2025 05:37 AM DHL Group fuels regional expansion plans via EUR 500m investments
Mubasher: DHL Group, the world's leading logistics provider, plans to invest more than EUR 500 million in the Middle East, mainly focusing on Saudi Arabia and the UAE, according to a press release. The group aims to inject the investment between …
Global Economy
Founders of Qanooni
12 June 2025 04:44 AM Dubai-based regtech Qanooni closes $2m funding round to drive regional expansion
UAE – Mubasher: Dubai-based legal technology startup Qanooni has raised $2 million in a pre-seed round led by Village Global, Oryx Fund by Salica Investments, TA Ventures, and strategic angels. The startup will utilize the capital to accelerate …
Global Economy
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3 March 2025 01:06 PM Businesses operating in Bahrain benefit from cost advantages in logistics, manufacturing
Mubasher: Businesses operating in Bahrain benefit from annual operating cost advantages of up to 69% in logistics and up to 41% in manufacturing compared to neighbouring GCC countries, according to the ‘Cost of Doing Business in the GCC’, …
Global Economy
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11 June 2025 09:41 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 …
Global Economy
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2 March 2025 01:37 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 …
Mutual Funds
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10 June 2025 01:58 PM Nettlestone Capital Advisors expands regional footprint via DIFC office
UAE – Mubasher: Nettlestone Capital Advisors, a senior-led advisory and capital raising firm, officially launched its business in the Dubai International Financial Centre (DIFC), according to a press release. The group offers a combination of …
Global Economy
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10 June 2025 09:56 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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9 June 2025 02:38 PM Wipro launches new regional office in Riyadh
Riyadh – Mubasher: Wipro Limited has relocated its Middle East regional headquarters from Al Khobar to Riyadh, according to a press release. The new office supports Wipro’s growing presence in the region, which includes offices in Riyadh, Al …
Companies Investments
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9 June 2025 00:18 PM Aldar to launch region’s 1st King’s College School Wimbledon in Abu Dhabi
Abu Dhabi – Mubasher: Aldar Properties joined forces with King’s College School Wimbledon to establish its first regional campus on Abu Dhabi’s Fahid Island, according to a press release. After securing regulatory approvals, the new K-12 …
Global Economy
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9 June 2025 10:51 AM GCC-focused Meedaf launches JV to transform financial landscape in UAE
Mubasher: ADGM-licensed Meedaf unveiled a strategic joint venture (JV) with Brink’s, a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Launched in April 2025 to serve financial …
Global Economy
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27 February 2025 01:57 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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8 June 2025 11:20 AM Gulf of America’s oil production to maintain stability in 2026 – EIA
Mubasher: Crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, according to the U.S. Energy Information Administration (EIA). This is compared to …
Global Economy
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8 June 2025 10:08 AM ADFD pumps AED 216.5bn financing in 2024 to support sustainable development worldwide
UAE – Mubasher: Abu Dhabi Fund for Development (ADFD) injected development financing totaling AED 216.50 billion by the end of 2024, benefitting 107 countries across various continents. This total comprises AED 157 billion in concessional loans, …
Global Economy
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8 June 2025 09:13 AM Jazeera Airways launches 1st direct flight to Budapest
Mubasher: Jazeera Airways launches twice-weekly flights between Kuwait and Budapest, Hungary, marking the first-ever non-stop air connection between the two countries. This move marks key opportunities for tourism, business, and cultural exchange, …
Global Economy
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8 June 2025 08:58 AM Multiply Group supports global expansion plans via MMG
Abu Dhabi – Mubasher: Multiply Group has launched Multiply Media Group (MMG) to fuel its global expansion plans, according to a recent press release. The ADX-listed group united the three market-leading out-of-home (OOH) companies under its …
Global Economy
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8 June 2025 08:22 AM DP World, Mawani inaugurate SAR 3bn terminal to boost global trade connectivity
Mubasher: DP World and Saudi Ports Authority (Mawani) launched the South Container Terminal at Jeddah Islamic Port, supporting DP World’s SAR 3 billion ($800 million) expansion and development plans. The program aims to upgrade the terminal and …
Companies Investments
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5 June 2025 01:13 PM Transamerica Life Bermuda launches in DIFC to boost global expansion
UAE - Mubasher: Transamerica Life Bermuda, the global high-net-worth (HNW) life insurer, is set to launch business in Dubai International Financial Centre (DIFC), according to a press release. The Dubai Financial Services Authority (DFSA) has …
Companies Investments
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5 June 2025 00:49 PM Forbes Middle East, Beltone Holding to launch Top Advisors & Investors Summit
Cairo – Mubasher: Forbes Middle East and Beltone Holding partnered to launch the Top Advisors & Investors Summit, which is set to be held in Cairo during the second half (H2) of 2025, according to a press release. The summit aims to contribute to …
Global Economy
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4 June 2025 00:25 PM NMDC strengthens regional presence in MENA’s energy sector via stake acquisition deal
Abu Dhabi – Mubasher: NMDC LTS, a wholly owned subsidiary of National Marine Dredging Company (NMDC), acquired a 70% stake of the share capital and voting rights in Emdad, according to a press release This move aligns with NMDC’s strategy to drive …
Global Economy
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4 June 2025 08:15 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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3 June 2025 05:05 PM Stride Ventures eyes business in Saudi Arabia to fuel regional expansion plans
Riyadh – Mubasher: Stride Ventures, a global venture debt firm, has unveiled plans to launch a business in Saudi Arabia in line with its growth strategy in the GCC region. Stride Ventures currently boasts an active investment pipeline of up to …
Global Economy
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20 February 2025 06:02 PM Egypt to have 1st company for EV charging stations upon agreement unveiled at EGYPES
Cairo – Mubasher: Hassan Allam Utilities and Infinity, in partnership with Misr Petroleum and Gastec, have signed a shareholders’ agreement to establish a company for the deployment of electric vehicle (EV) charging stations across Egypt. …
Event
Saudi Riyal Symbol
20 February 2025 04:43 PM Saudi Arabia now has Riyal symbol; historic move to reinforce currency's identity
Riyadh – Mubasher: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved launching the Saudi Riyal symbol on 20 February 2025. The Riyal symbol marks a historic move that will reinforce the Saudi currency's identity, …
Central Banks
Saud Altassan, CEO at EFG Hermes KSA
19 February 2025 04:53 PM EFG Hermes KSA to lead major IPOs, deals in 2025 – Interview at CMF2025
Riyadh – Mubasher: Saud Altassan, CEO at EFG Hermes KSA, a unit of EFG Hermes Holding, said that the company is expected to witness more initial public offerings (IPOs) and acquisition deals in 2025. In an exclusive interview with Mubasher on the …
Initial Public Offerings
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19 February 2025 03:46 PM ExxonMobil features latest technologies during partaking in EGYPES 2025 as diamond sponsor
Cairo – Mubasher: ExxonMobil reaffirms its commitment to Egypt's energy future as a prominent participant at EGYPES 2025, which is held on 17-19 February at the Egypt International Exhibition Center. This participation reflects ExxonMobil's …
Global Economy