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05 February 01:05 PM

Levant news

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4 February 10:16 AM Avalon Pharma, Bio-Thera reach license agreements for BAT3306 in MENA
Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) entered into a strategic commercialization agreement with Bio-Thera Solutions to register Pembrolizumab in Saudi Arabia and MENA markets Under the agreement, …
Companies Investments
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4 February 08:42 AM Catapult launches business in Saudi Arabia to expand in MENA
Riyadh - Mubasher: Catapult, the global full-service live experience agency, has launched its business in Saudi Arabia with the support of AstroLabs, the Gulf's leading business expansion platform. Founded in Dublin in 1999, Catapult participated …
Companies Investments
Cross-listed Orascom Construction stock retests important resistance – Analysis
3 February 06:28 PM Cross-listed Orascom Construction stock retests important resistance – Analysis
Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Orascom Construction witnessed a strong correction due to profit-taking after reaching a historic peak near the EGP 513 level in November 2025 …
Real estate
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3 February 05:03 PM Air Cairo launches carrier's 1st international flight to Jeddah
Cairo – Mubasher: Air Cairo International Airport launched its first international flight to King Abdulaziz International Airport in Jeddah, the Ministry of Civil Aviation announced. This aligns with the government's strategy to maximize the …
Global Economy
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3 February 11:10 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 …
Mutual Funds
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3 February 10:07 AM NMDC Energy’s regional operations drive AED 18.6bn revenues in 2025
Abu Dhabi – Mubasher: NMDC Energy generated AED 1.60 billion in net profit during 2025, higher by 14% than AED 1.40 billion in 2024. The basic and diluted earnings per share (EPS) recorded AED 0.32 at the end of 2025, up year-on-year (YoY) from …
Cash Dividends
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2 February 05:29 PM GFH acquires majority stake in GCC-focused Byrne Equipment Rental
Mubasher: GFH Financial Group has purchased a 60% stake in Byrne Equipment Rental LLC, a leading GCC industrial services and equipment rental provider, with an investment and capital expenditure program valued at around $400 million. This …
Global Economy
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2 February 10:38 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
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1 February 08:46 AM Yozo.ai closes $1.7m funding round to expand e-commerce globally
UAE - Mubahser: UAE-based e-commerce AI startup Yozo.ai has secured $1.70 million in pre-seed funding, co-led by Access Bridge Ventures and Disruptech Ventures and joined by Arzan VC, Oraseya Capital, Plus VC, Suhail Ventures, Glint Ventures, and …
Companies Investments
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1 February 08:12 AM EvolutionX enters Gulf region via Dubai-based Kitopi
UAE - Mubahser: EvolutionX, the growth-stage private credit platform established by Temasek and DBS Bank, led a $50 million growth capital round raised by Kitopi, the Middle East’s leading next-generation F&B ecosystem. This marks the platform’s …
Global Economy
Lam Research’s stock
28 January 09:33 PM Lam Research’s stock hits unprecedented levels
Mubasher: Lam Research (LRCX) continued its upward trend, reaching new all-time highs near $251.00. The price began its climb, supported by high trading volumes, closing yesterday's session at $241.80. Pre-session trading opened around $248.50. It …
Trading Activities
Apple's stock
28 January 08:55 PM Apple’s stock stabilizes following post-record high correction
Mubasher: Apple (AAPL) shares pulled back after hitting an all-time high near $288.60 in December 2025, as investors took profits. The stock later found support around $243.75, where buying interest resurfaced along an upward trend line that has …
Global Economy
Intel’s stock
28 January 08:36 PM Intel’s stock rebounds after Nvidia foundry deal
Mubasher: The stock of Intel (INTC) is moving in an upward trend, supported by a series of higher highs and lows. The stock recently experienced a strong correction from its peak of $55.35, successfully rebounding from a key support level near …
Global Economy
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28 January 05:15 PM Dubai Insurance launches 1st crypto-enabled digital wallet in UAE
Dubai - Mubasher: Dubai Insurance Company has partnered with Zodia Custody to launch the first digital wallet for crypto assets in the UAE insurance sector, according to a press release. The new wallet enables secure receipt of insurance premiums …
Banking and Finance
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28 January 08:55 AM ADNIC fuels global expansion with branch in India
Abu Dhabi - Mubasher: Abu Dhabi National Insurance Company (ADNIC) is set to inaugurate branch in India, reinforcing its global expansion strategy, according to a press release. The Central Bank of the United Arab Emirates (CBUAE) greenlighted the …
Global Economy
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28 January 06:02 AM Middle East-focused Property Finder secures $170m investment led by Mubadala
UAE - Mubahser: Property Finder has raised $170 million in new funding led by Mubadala Investment Company, alongside another UAE sovereign wealth fund and BECO Capital. The investment anchors Property Finder’s position as the region’s leading …
Global Economy
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27 January 02:47 PM ACWA Power unveils new brand to drive global energy transition
Riyadh - Mubasher: ACWA Power Company unveiled a new brand identity that reflects its evolution from a Saudi pioneer to a global infrastructure platform serving people and communities, according to a press release. The rebranding aligns with the …
Companies Investments
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27 January 11:15 AM Emirates Islamic Bank’s regional business drives 26% YoY higher profits in 2025
Dubai - Mubasher: Emirates Islamic Bank generated net profits before tax valued at AED 3.90 billion in 2025, marking a 26% year-on-year (YoY) hike, according to the financial results. The bank’s performance reflects robust revenue growth across …
Banking and Finance
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27 January 11:04 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 …
Mutual Funds
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26 January 12:11 PM EBRD grants EGP 1.3bn loan to Ibnsina Pharma for new warehouse
Cairo - Mubasher: The European Bank for Reconstruction and Development (EBRD) is extending an EGP 1.30 billion (EUR 23.10 million) loan to Ibnsina Pharma to finance green capital expenditure for a new warehouse and related long-term working …
Global Economy
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26 January 09:47 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 …
Global Economy
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25 January 01:09 PM Kettal launches 1st Middle East showroom in Dubai with Atelio
Mubasher: International design brand Kettal opened its first showroom in the Middle East, opening a flagship space on Jumeirah Street in partnership with Atelio, according to a press release. The group already has branches in Barcelona, Marbella, …
Companies Investments
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25 January 11:40 AM Egypt’s NowPay enters Saudi market via $20m-led Tas’heel partnership
Mubasher: Cairo-based fintech NowPay has entered into the Saudi market through NowAccess, a newly established JV with Tas’heel, the consumer finance arm of United International Holding Company. The partnership comes amid accelerating demand in …
Banking and Finance
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25 January 11:26 AM Eat App closes $10m Series B funding to accelerate India expansion
UAE - Mubahser: Dubai-based restaurant reservation and guest management platform Eat App has raised $10 million in a Series B extension round led by PSG Equity, according to a press release. The transaction is larger than Eat App’s original $6 …
Companies Investments
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25 January 11:07 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