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7 September 2025 01:15 PM Mastercard, Qlub team up to boost digital hospitality payments in GCC
Mubasher: Mastercard has collaborated with Dubai-based hospitality fintech Qlub to expand digital and contactless payment solutions across the GCC region. The partnership, which includes a minority investment by Mastercard, aims to meet growing …
Banking and Finance
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7 September 2025 00:50 PM WheelsOn secures $12.5m to reshape car rental sector in Gulf region
UAE - Mubasher: WheelsOn, a UAE-based mobile-first car rental platform, has secured $12.50 million in funding, bringing its valuation close to $30 million, according to a press release. The round comprised $2.20 million in equity from MENA-focused …
Banking and Finance
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7 September 2025 11:30 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 and USD, as of 6 …
Banking and Finance
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4 September 2025 02:36 PM anb capital, Lexham Partners to launch MENA-dedicated $200m growth fund
Riyadh – Mubasher: anb capital and Lexham Partners have rolled out plans to launch a $200 million Growth Fund dedicated to the MENA region, with a strategic focus on Saudi Arabia. The fund will support category-defining tech firms at the growth …
Global Economy
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4 September 2025 01:59 PM Khazna secures $2.62bn financing led by ADCB, FAB to back international growth
UAE - Mubasher: Khazna Data Centers has secured a $2.62 billion financing facility, in partnership with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB), to fuel its UAE and international growth plans. Holding a tenor lasting up to …
Global Economy
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4 September 2025 00:58 PM US-based Adams Street enters GCC region via Abu Dhabi office
UAE - Mubasher:  Adams Street Partners, an American private equity firm, has opened its office in Abu Dhabi, marking its entry into the GCC region, according to a press release. Located in Abu Dhabi Global Market (ADGM), the new office will boost …
Global Economy
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4 September 2025 11:55 AM Naqi Water, MEMCO sign EUR 900,000 deal
Riyadh — Mubasher: Naqi Water Company penned a deal with Middle East Factory for Machines Company Limited (MEMCO) at an amount of EUR 900,000, according to a bourse filing. Signed on 2 September, the agreement covers the supply and installation of …
Companies Investments
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4 September 2025 11:45 AM Jazeera Airways strengthens regional network with return to Abu Dhabi, Al Ain
Mubasher: Jazeera Airways, Kuwait’s leading low-cost carrier, relaunched direct flights to Abu Dhabi and Al Ain in the UAE, starting on 2 October 2025, according to a press release. Besides Dubai, the airline will fly to three destinations in the …
Global Economy
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4 September 2025 11:24 AM ADNOC, RIQ forge $500m partnership to anchor Abu Dhabi’s global risk hub
Abu Dhabi – Mubasher: RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of International Holding Company (IHC), entered into a strategic agreement with ADNOC. The partnership aims to …
Global Economy
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4 September 2025 10:35 AM Wataniya, Knowledge Net, Al Sagr Cooperative unveil new key appointments
Riyadh – Mubasher: Wataniya Insurance Company announced Hussien Akeil and Faisal Charara as the board’s Chairman and Vice Chairman, respectively. The Insurance Authority (IA) greenlighted the appointment on 28 August 2025, according to a bourse …
Corporate Actions
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4 September 2025 10:20 AM Fakeeh Care inks SAR 720m facility deals with SAB, SNB
Riyadh - Mubasher: Dr Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care) secured Sharia-compliant credit facility deals with the Saudi Awwal Bank (SAB) and the Saudi National Bank (SNB) at a combined value of SAR 720 million. The group …
Companies Investments
Karim Shehata, CEO of Basata Holding
4 September 2025 10:07 AM Basata unveils $7m investment plans, mulls expansion in Gulf markets
Cairo – Mubasher: Egypt-based e-payment services company Basata Holding for Financial Payments plans to invest approximately $7 million in 2026 to reinforce its market position. The company is currently studying the potential acquisition …
Global Economy
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4 September 2025 09:52 AM Saudi ADES pens SAR 808m agreement with QatarEnergy
Riyadh – Mubasher: ADES Holding Company inked a contract for offshore drilling services for its jackup rig, Aquamarine Driller, with QatarEnergy. The two parties signed the agreement on 2 September, with an estimated backlog of SAR 808 million …
Companies Investments
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4 September 2025 09:34 AM TAQA-led consortium concludes financial closing of $4bn greenfield power plants in Saudi Arabia
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA), Japan-based JERA Company, and Al Bawani Capital jointly announced the financial closing of two greenfield power plants in Saudi Arabia. The projects are Rihab ElAwal Power Company …
Banking and Finance
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3 September 2025 07:32 PM Intella raises $12.5m in Series A funding to expand in MENA
Cairo - Mubasher: MENA-focused deep tech firm Intella has raised $12.50 million in an oversubscribed Series A round led by Prosus, according to a press release. The round witnessed participation from 500 Global, Wa’ed Ventures, Hala Ventures, …
Global Economy
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3 September 2025 05:06 PM Saudi Arabia’s PMI up to 56.4 in August on higher sales
Riyadh - Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia hit 56.4 in August 2025, up slightly from 56.3 in July, according to Riyad Bank’s latest data. The index remained above the neutral 50 threshold, …
Macroeconomics
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3 September 2025 01:45 PM Singapore Exchange lists 1st Saudi Arabia-focused ETF
Mubasher: State Street Investment Management, the asset management business of State Street Corporation, announced the cross-listing of the PIF-anchored investment SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF on the Singapore Exchange …
Companies Investments
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3 September 2025 11:40 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 and USD, as of 2 …
Trading Activities
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3 September 2025 11:07 AM Hilwa names new Chairman, Vice Chairman
Riyadh – Mubasher: Aljouf Mineral Water Bottling Company (Hilwa) announced Ashry bin Saad bin Muzail Al Ashry as the board’s Chairman for the coming four years, according to a bourse filing. Fahd bin Mohammed bin Ibrahim Al Habdan was named as the …
Management Decisions
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3 September 2025 10:43 AM Rothschild to take over LLB's business in UAE
UAE - Mubasher:  Rothschild & Co signed a referral agreement with Liechtensteinische Landesbank (LLB) to expand its Wealth Management presence in the UAE, according to a press release. The group will onboard its employees and clients in the Gulf …
Companies Investments
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3 September 2025 09:17 AM Caucasus Auto boosts operation in Middle East with UAE office
UAE - Mubasher: Leading U.S. vehicle importer Caucasus Auto Import has officially launched its UAE headquarters in Sharjah, according to a press release. The expansion marks a milestone for the company as it brings its services to one of the …
Companies Investments
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3 September 2025 09:00 AM Dubai Investments scales global footprint via partnership with Angola’s FSDEA
Dubai - Mubasher: Dubai Investments has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The agreement aims to boost modern urbanization and …
Companies Investments
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3 September 2025 08:56 AM Egypt’s fintech Munify raises $3m seed round to fuel regional expansion
Cairo - Mubasher: Egypt-based fintech Munify has raised a $3 million seed round led by Y Combinator, with participation from BYLD, Digital Currency Group, and other strategic investors. It will use the investment to scale engineering and …
Global Economy
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3 September 2025 08:47 AM Mouwasat unveils SAR 1.3bn hospital expansions across Saudi Arabia
Riyadh - Mubasher: Mouwasat Medical Services Company expanded hospital projects across Saudi Arabia, with a total cost of SAR 1.38 billion, according to bourse disclosures. The expansion plan will be self-financed and funded by local banks with …
Companies Investments
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2 September 2025 05:23 PM Al Arabia’s unit to begin trading on Nomu this week
Riyadh - Mubasher: National Signage Industrial Company (Signworld), affiliated with Arabian Contracting Services Company (Al Arabia), is expected to start trading on the Saudi Parallel Market (Nomu) on Wednesday, 3 September 2025. The company will …
Trading Activities