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24 August 2025 03:02 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 01:35 PM 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 09:42 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, …
Global Economy
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24 August 2025 09:02 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 08:57 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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21 August 2025 08:30 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 …
Event
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21 August 2025 03:34 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 …
Global Economy
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21 August 2025 06:44 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 06:42 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 02:23 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 …
Global Economy
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20 August 2025 01:22 PM 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 00:59 PM 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
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20 August 2025 00:49 PM Lulu Retail launches new express store in Dubai to expand regional footprint
Abu Dhabi - Mubasher: Lulu Retail Holdings has opened a new 22,000-square-foot Lulu express store in Nad Al Hammar, Dubai, marking its 112th store in the UAE. The launch is part of the company’s expansion plans and underscores its strong retail …
Global Economy
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19 August 2025 01:07 PM 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, except …
Banking and Finance
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19 August 2025 00:00 PM Professional.me secures $3.1m funding round to fuel regional expansion plans
UAE – Mubasher: Abu Dhabi-based HRtech Professional.me has raised $3.1 million in seed funding led by Raha Beach Ventures, bringing its total to $4.6 million, according to a press release. The company will use the funding to expand its engineering …
Global Economy
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18 August 2025 00:23 PM 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, except …
Global Economy
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17 August 2025 02:05 PM 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, except …
Mutual Funds
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17 August 2025 11:04 AM EFG Holding delivers strong performance in H1-25 despite geopolitical volatility in MENA
Cairo – Mubasher: EFG Holding generated EGP 2.86 billion in consolidated net profits after tax during the first half (H1) of 2025, compared to EGP 3.16 billion in H1-24.  Revenues amounted to EGP 11.52 billion in H1-25, an annual plunge from EGP …
Financial Results
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14 August 2025 11:27 PM MENA-focused Valu’s net income surges 64% in H1-25
Cairo – Mubasher: U Consumer Finance (Valu) recorded 64% year-on-year (YoY) higher net income at EGP 341 million during the first half (H1) of 2025, according to the financial results. The gross revenue hiked by 94% YoY to EGP 2.60 billion at the …
Global Economy
AJEX Logistics Services
13 August 2025 08:55 PM Middle East-focused AJEX expands B2C services across GCC countries
Riyadh – Mubasher: AJEX Logistics Services, a Saudi-headquartered Middle East specialist in e-commerce distribution and logistics solutions, has expanded its B2C Full Mile and Last Mile delivery services to a number of GCC countries. The newly …
Companies Investments
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13 August 2025 00:53 PM GCC-focused Lulu Retail sees 9% higher net income in H1-25; dividends unveiled
Abu Dhabi - Mubasher: Lulu Retail Company registered a 9.10% rise in net profits from continuing operations to $126.96 million in the first half (H1) of 2025 from $116.41 million in H1-24. Meanwhile, the revenues increased by 5.90% to $4.09 …
Financial Results
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13 August 2025 11:43 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, except …
Global Economy
Saudi Arabian Oil Company (Aramco)
22 May 2025 05:03 PM Aramco achieves world-first in gas operations, boosts renewables investment, energy efficiency
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has unveiled a world-first milestone by successfully commissioning a megawatt (MW)-scale renewable energy storage system to power gas production activities, according to an official statement. …
Companies Investments
Talabat Holding
12 August 2025 10:22 PM MENA-focused Talabat generates $222m net income in H1-25, higher GMV of $4.5bn
Dubai – Mubasher: Talabat Holding, the on-demand online ordering and delivery platform in the MENA region, announced $222 million worth of net income during the first half (H1) of 2025, marking a 90% growth from $117 million in H1-24. The gross …
Financial Results
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12 August 2025 11:43 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, except for …
Banking and Finance