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25 May 05:02 PM HP expands footprint in Egypt via new office
Cairo – Mubasher: Global tech leader HP Inc. launched its office in Cairo to back digital transformation and workforce development in line with Egypt Vision 2030, according to a press release. HP rolled out plans to reinforce its local presence by …
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25 May 04:16 PM DTC expands partnership via 6,000 Taxis on Bolt platform
Dubai – Mubasher: Dubai Taxi Company’s (DTC) partner Bolt added more than 6,000 DTC taxis, supporting the company’s commitment to enhancing ease and convenience for customers. The expansion came amid a rapid increase in demand for taxis, as …
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25 May 02:44 PM Hassan Allam Construction pens joint deal to rehabilitate Alexandria Raml tram line
Cairo – Mubasher: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, teamed up with The Arab Contractors for the implementation of the infrastructure works for the Alexandria Raml Tram rehabilitation project. The project, awarded by …
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25 May 01:35 PM 2P Perfect Presentation extends SAR 265m financing deal with Al Rajhi Bank
Riyadh – Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) renewed its SAR 265 million facility deal with Al Rajhi Bank on 22 May 2025. The facility deal was secured by promissory notes to the amount of the …
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25 May 11:57 AM Sumou Real Estate, NHC ink SAR 680m development agreement
Riyadh – Mubasher: Sumou Real Estate Company penned a development agreement with National Housing Company (NHC) for areem Makkah project, with an estimated value of SAR 680 million. The two companies will team up to build residential units on an …
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25 May 11:43 AM Alexandria Container records EGP 1.1bn block trading deal
Cairo – Mubasher: Alexandria Container and Cargo Handling Company witnessed a block-trading deal amounting to EGP 1.16 billion on 22 May 2025. The transaction was executed on 51.98 million shares, according to a recent bourse disclosure. During …
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25 May 11:01 AM CBE unveils EGP 75bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a total value of EGP 75 billion through two issues on Sunday, 25 May. The first offering stood at EGP 30 billion and will mature in 91 days on 26 August 2025, …
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25 May 10:16 AM ADNOC suppliers commit AED 3bn investments to boost UAE’s manufacturing
UAE – Mubasher: ADNOC’s its partners across its supply chain committed AED 3 billion ($817 million) as investments in manufacturing facilities across the UAE, according to a press release. The facilities are located across the Industrial City of …
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25 May 10:03 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 …
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22 May 09:51 PM Matarat Holding, Thales team up to bolster Saudi airport sector
Riyadh - Mubasher: Matarat Holding has signed a memorandum of understanding (MoU) with Thales, a global leader in advanced technologies, to drive digital transformation in Saudi Arabia’s aviation sector. This partnership seeks to promote …
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22 May 09:17 PM Tabuk Cement reports 28% fall in Q1-25 net profits
Riyadh - Mubasher: Tabuk Cement Company recorded net profits of SAR 13.04 million in the first quarter (Q1) of 2025, reflecting an annual drop of 28.35% from SAR 18.20 million. The revenues decreased by 22.25% to SAR 67.68 million in the first …
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22 May 09:05 PM Egypt cuts key policy rates 1%; CBE says decision reflects most recent outlook
Cairo – Mubasher: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided, on 22 May 2025, to reduce key interest rates by 100 basis points (bps) The CBE cut overnight deposit and lending rates to 24% and 25%, …
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22 May 08:45 PM DMCC witnesses 13% rise in Singaporean companies
UAE - Mubasher: Dubai Multi Commodities Centre (DMCC) recorded a 13% growth in companies from Singapore joining its international business district in the past 12 months. The announcement was made during DMCC’s first-ever roadshow on the ground in …
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22 May 08:06 PM Bybit becomes 1st crypto exchange to enable global stock trading with USDT
UAE - Mubasher: Bybit, a Dubai-based cryptocurrency exchange, has launched direct trading of top global stocks with USDT, according to a press release. This comes as a part of its expanding Gold & Forex (MT5) product suite, as Bybit became the …
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22 May 08:03 PM Red Sea International sees 62% lower net losses in Q1-25; accumulated losses unveiled
Riyadh - Mubasher: Red Sea International Company logged a 62.23% decrease in net losses to SAR 4.52 million in the first quarter (Q1) of 2025, compared with SAR 11.98 million in Q1-24. Meanwhile, the revenues grew by 6.28% year-on-year (YoY) to …
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22 May 06:52 PM MubasherTrade sets Bonyan’s FV at EGP 7.9/shr
Cairo - Mubasher: MubasherTrade Research has determined the fair value (FFV) of Bonyan for Development and Trade Company’s stock at EGP 7.94 per share, with a medium-risk buy recommendation. Mubasher Research evaluated the company's stock using …
First Abu Dhabi Bank (FAB)
22 May 06:30 PM FAB becomes 1st in MENA to adopt Oracle-Mastercard solution for B2B payments
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is currently the first bank in the MENA region to pilot an innovative embedded finance and payments solution developed by both Oracle and Mastercard, according to an official statement. The …
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22 May 05:59 PM Capgemini launches Digitelles Misr with AUC to empower women
Cairo – Mubasher: Global business and technology transformation partner Capgemini recently unveiled a one-year partnership with the American University in Cairo (AUC) Onsi Sawiris School of Business Center for Entrepreneurship and Innovation …
Saudi Arabian Oil Company (Aramco)
22 May 04:03 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. …
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22 May 03:08 PM Cisco unveils collaboration with Saudi enterprise to boost global AI infrastructure
Riyadh – Mubasher: Global leader in networking and security Cisco recently announced a groundbreaking initiative with new AI enterprise HUMAIN in Saudi Arabia to help build the world’s most open, scalable, resilient and cost-efficient AI …
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22 May 08:30 AM GTN and Galt & Taggart join forces: unlocking global investment for Georgia
UAE- Mubasher: GTN, a global fintech redefining trading and investing for all, today announced a partnership with Galt & Taggart, a leading investment bank in Georgia, to significantly enhance the online investment experience for their clients. …
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22 May 06:59 AM Zoho, areeba pen $5m partnership deal at Seamless Dubai 2025
UAE – Mubasher: Zoho and areeba signed a partnership agreement at Seamless Dubai 2025  to accelerate the digital transformation of businesses across the region, according to a press release. Under the joint deal, Zoho will invest up to $5 million …
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22 May 06:51 AM RAKBANK, EDA announce AED 1bn co-financing to support UAE’s industrial growth
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) and Emirates Development Bank (EDB) jointly launched a co-financing partnership totaling AED 1 billion to support growth in national priority sectors. The initiative aims to boost …
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22 May 06:41 AM IHC launches UAE-developed marketplace to boost AI globally
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched a pioneering marketplace for AI solutions, powered by the Smart Artificial Intelligence Facilitator (SAIF), according to a press release. The marketplace is built in the UAE …
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22 May 06:17 AM CBE offers EGP 70bn T-bills end-week
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 70 billion through two tranches on Thursday, 22 May. The first tranche stood at EGP 30 billion and will mature in 182 days on 25 …