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29 May 2025 06:34 AM UAE-based fintech Qashio backs regional expansion plans via $19.8m funding
UAE – Mubasher: Dubai-headquartered fintech company Qashio has raised $19.80 million in its latest funding round to expand into Saudi Arabia and deepen its business-to-business (B2B) program across the MENA region. The fundraising transaction is a …
Banking and Finance
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29 May 2025 05:57 AM Stitch raises $10m seed to transform financial landscape in MENA
Riyadh – Mubasher: Saudi fintech infrastructure platform Stitch has closed a $10 million seed funding round, led by Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC). Regional family offices and other angel investors, …
Banking and Finance
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13 February 2025 10:16 PM Listed digital solutions provider Elm concludes participation in LEAP 2025 with multiple strategic agreements
Riyadh – Mubasher: Elm Company concluded its participation in LEAP 2025, which was held in Saudi Arabia from 9 to 12 February, where it showcased a wide range of its innovative digital solutions. Elm signed multiple strategic agreements with …
Global Economy
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13 February 2025 09:43 PM Unifonic showcases customer service tools at LEAP 2025
Riyadh – Mubasher: The Middle East’s Software as a Service (SaaS) provider Unifonic has showcased its AI-powered conversational platform to help elevate customer engagement and operational efficiency during its participation at LEAP 2025 in the …
Event
SAL's Al Sheikh and stc's VP of Enterprise Accounts, Abdulaziz Al Haydar,
13 February 2025 08:15 PM Al Sheikh says deal with stc at LEAP 2025 is part of SAL’s customer-centric strategy
Riyadh – Mubasher: SAL Logistics Services’ recent memorandum of understanding (MoU) with Saudi Telecom Company (stc) Group is part of SAL’s customer-centric strategy and marks an important step towards enhancing the efficiency of logistics …
Global Economy
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13 February 2025 06:31 PM Mobily unveils over SAR 3.4bn investment during LEAP 2025 to support Saudi digital infrastructure
Riyadh – Mubasher: Technology, media, and telecommunications (TMT) company Etihad Etisalat Company (Mobily), recently announced an investment of $905 million, equivalent to more than SAR 3.40 billion, in data centres and submarine cables. The …
Event
UAE Ministry of Finance
13 February 2025 05:39 PM UAE Cabinet issues decision on multinational top-up tax for businesses
UAE – Mubasher: The UAE Ministry of Finance recently announced the issuance of Cabinet Decision No. 142 of 2024 which covers the introduction of the top-up tax for multinational enterprises, providing further details on the UAE Domestic Minimum …
Taxes
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13 February 2025 04:56 PM Ericsson concludes LEAP 2025 participation in line with mobile network expansion for Beyon’s subsidiary
Riyadh – Mubasher: Ericsson has showcased its technologies and innovation leadership under the theme ‘Step Forward: Discover the Unfolding Future’ at LEAP 2025, which concluded on 12 February at the Riyadh Exhibition and Convention Center. The …
Global Economy
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28 May 2025 11:54 AM Dubai Residential REIT becomes largest listed REIT in GCC via DFM debut
UAE – Mubahser: Dubai Residential REIT, a Shariah-compliant income-generating closed-ended real estate investment fund, commenced trading its shares on the Dubai Financial Market (DFM) under the symbol ‘DUBAIRESI’. Dubai Residential REIT, one of …
Initial Public Offerings
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28 May 2025 11:21 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 …
Trading Activities
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28 May 2025 08:10 AM GFH, Kuwait-based real estate firm Al Tijaria to foster GCC logistics sector
Mubasher: GFH Capital, a Saudi subsidiary of GFH Financial Group, partnered with Kuwait-based real estate firm The Commercial Real Estate Company (Al Tijaria) to expand business in the warehousing and logistics sector across Saudi Arabia and the …
Companies Investments
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12 February 2025 11:50 PM Elm joins forces with Lean Business Services at LEAP 2025 to advance digital transformation
Riyadh – Mubasher: Elm Company has signed a memorandum of understanding (MoU) with Lean Business Services to strengthen Saudi Arabia's healthcare sector and related industries through a wide array of innovative digital services and products. The …
Global Economy
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12 February 2025 10:54 PM LG Electronics becomes direct B2B partner of Saudi ICT provider GAPP upon MoU at LEAP 2025
Riyadh – Mubasher: Global tech manufacturer LG Electronics has announced a memorandum of understanding (MoU) during the LEAP 2025 event with Gulf Applications (GAPP), a provider of innovative ICT and technical solutions in Saudi Arabia to supply …
Event
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12 February 2025 08:49 PM Elm to raise ownership in Smart National Solutions upon sheet signed during LEAP 2025
Riyadh – Mubasher: Digital solutions provider Elm Company has signed a preliminary term sheet to increase its ownership in Smart National Solutions (SNS) to 40%, according to a press release. This strategic move, which was announced on the …
Global Economy
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12 February 2025 10:01 AM Madkhol, lite secure funding rounds at LEAP 2025
Riyadh – Mubasher: Madkhol Capital, a fintech company specialised in Robo advisory, raised $2.20 million in a Seed investment round led by numu Angels Investment Community, Saudi Gazette reported. The fundraising transaction was announced on the …
Companies Investments
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12 February 2025 09:05 AM LAHINT closes $1m pre-seed funding round at LEAP 2025
Riyadh – Mubasher: Saudi Arabia-based LAHINT e-services platform has closed a $1 million pre-seed funding round from undisclosed investors on the second day of the LEAP 2025 tech conference in Riyadh. Founded in 2023, LAHINT will use the funding …
Event
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27 May 2025 10:32 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 …
Bankruptcy
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27 May 2025 09:15 AM Aspen boosts regional expansion via HQ in Riyadh
Riyadh – Mubasher: Aspen Pharmacare Holdings Limited, a global speciality and branded multinational pharmaceutical company, launches a new regional headquarters (HQ) in Riyadh, according to a press release. The Saudi expansion followed a series of …
Companies Investments
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11 February 2025 08:15 PM Elm aims to leverage LEAP 2025 reputation as global platform while partaking as Strategic Sponsor
Riyadh – Mubasher: Elm Company is demonstrating its wide range of cutting-edge platforms and innovations as a strategic sponsor of LEAP 2025 while aiming to leverage the event’s robust reputation as a global platform that attracts creative minds …
Global Economy
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11 February 2025 08:14 PM NWC pens 3 MoUs at LEAP 2025 to drive digital transformation
Riyadh – Mubasher: The National Water Company (NWC) inked three memoranda of understanding (MoU) with several leading global and local firms on the sidelines of the LEAP 2025 tech conference in Riyadh. The deals aim to enhance digital …
Companies Investments
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11 February 2025 07:27 PM SAL inks MoU with stc following agreement with Saudi MDA at LEAP 2025
Riyadh– Mubasher: SAL Saudi Logistics Services Company has signed a memorandum of understanding (MoU) with Saudi Telecom Company (stc) at the LEAP 2025 conference. The joint agreement aims at bringing innovative AI-based and Internet of Things …
Global Economy
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11 February 2025 07:15 PM LEAP 2025 continues groundbreaking deals with over $7.5bn in tech, AI investments
Riyadh – Mubasher: The global tech event LEAP 2025 witnessed a series of groundbreaking investments exceeding $7.50 billion in data centers, submarine, and fiber-optic cable networks. These investments are focused on enhancing digital …
Companies Investments
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11 February 2025 06:42 PM Equinix launches $1bn cloud computing data centre at LEAP 2025
Riyadh – Mubasher: US-based digital infrastructure company Equinix has launched a $1 billion cloud computing data centre in Saudi Arabia on the sidelines of the LEAP 2025 tech conference in Riyadh. This year's edition witnessed the participation …
Global Economy
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11 February 2025 06:20 PM Investment funds unveil $695m plans at LEAP 2025
Riyadh – Mubasher: Six investment funds jointly plan to inject $695 million to support emerging companies, AI technologies, electronic games, and innovation solutions. The announcement was made during the fourth edition of the LEAP …
Global Economy
Tawuniya and MoneyHash at LEAP 2025
11 February 2025 05:28 PM Tawuniya selects Egyptian startup MoneyHash for strategic partnership at LEAP 2025
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) has entered into a strategic partnership with Egyptian fintech MoneyHash at the LEAP 2025 in the capital of Saudi Arabia. The collaboration aims to optimise Tawuniya’s payment …
Companies Investments