UAE - Mubasher: The UAE-based NOW Money partnered with global tech firm Mastercard to boost the payments industry across the GCC region, according to a press release. Through Mastercard payment cards, NOW Money customers will have secure and …
Mubasher: Saudi Arabia and the UAE accounted for 82% of the GCC countries' total oil exports to Japan in May 2024, with their exports totalling about 53.69 million barrels. The GCC countries exported about 61.85 million barrels of crude oil to …
Riyadh – Mubasher: NEO Space Group (NSG), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF), appointed international telecoms industry veteran Martijn Blanken as its new group CEO. Neo Space plans to unlock the potential of space …
UAE - Mubasher: EMX, a 7X logistics provider, launched EMX International to streamline e-commerce parcel delivery across the GCC region. The new service consolidates shipments to GCC, allowing companies to utilise Dubai as a gateway and optimise …
Riyadh – Mubasher: ASG Plastic Factory Company intends to list 750,000 ordinary shares, accounting for 10.64% of its total shares, on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Yaqeen Capital Company, the financial advisor and …
Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …
Riyadh – Mubasher: Saudi Arabia held the third position in 5G Download Speed among key markets in the EMEA region, according to a report released by Opensignal. The report highlighted that the Kingdom witnessed a significant improvement in 5G …
Riyadh – Mubasher: The Saudi Arabian capital, Riyadh, has ranked among the world’s top 15 fastest-growing cities by 2033 based on economy, population, and wealth in the Savills Growth Hubs Index. Riyadh’s population is anticipated to grow by 26% …
Riyadh – Mubasher: Saudi Arabia's liquidity levels surged by 8.60% year-on-year (YoY) to SAR 2.82 trillion at the end of May 2024, according to the Saudi Central Bank (SAMA). This represented an increase of more than SAR 222.928 billion compared …
Riyadh – Mubasher: The board of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) agreed to provide a corporate guarantee to support the issuance of a credit facility for its joint venture (JV) in Algeria, Jamjoom Algeria Lil Dawa SPA. A …
Riyadh – Mubasher: CATRION Catering Holding Company has signed a memorandum of understanding (MoU) with North Ireland-based Mallaghan Engineering company to buy 85 high loader for inflight catering services. The deal is effective between 2024 and …
Riyadh – Mubasher: Jahez International Company for Information System Technology has submitted an official request to transfer from the Parallel Market to the Main Market of the Saudi Exchange (Tadawul). The request was submitted on 7 July 2024 …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed a binding subscription agreement with the Public Investment Fund (PIF) to increase its capital from SAR 891 million to SAR 1.15 billion. Saudi Re is set to increase its capital …
Riyadh – Mubasher: The consolidated net profit of Almarai Company rose by 10.04% year-on-year (YoY) to SAR 1.31 billion during the first half (H1) of 2024 from SAR 1.19 billion. The company’s revenue grew by 7.65% YoY to SAR 10.61 billion in H1-24 …
Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) ended the contract of Christopher Gerard Warwick, the Acting CEO of AMAK. The board members named Nihat Soyer as an Acting CEO of Amak on 4 July 2024, according to a bourse disclosure. …
Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) surged by 200.98% year-on-year (YoY) to SAR 217.40 million during the first half (H1) of 2024 from SAR 72.23 million. The company’s revenue leapt by 205.01% YoY to SAR …
Riyadh – Mubasher: flynas launched its first direct flight between Riyadh and El-Alamein International Airport (DBB) on the north coast of Egypt on 3 July, according to a press release. The air carrier added the Mediterranean city to its list of …
Riyadh – Mubasher: BinDawood Holding Company has signed a non-binding memorandum of understanding (MoU) with Regional Group Company in Qatar for commercial franchise rights to open eight branches under BinDawood brand in Qatar. The deal comes in …
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company received six new blanket purchase agreements from the National Water Company (NWC) at a value of SAR 190.79 million. The two entities signed the agreement on 3 July 2024 for 36 …
Riyadh – Mubasher: Umm Al Qura Cement Company appointed Abdullah Abdulaziz Suleiman Alabdulatif as the Chairman of the board for the coming three years. Saud Mahamed Ali Al Sabhan was announced as the Vice Chairman, according to a bourse …
UAE – Mubasher: Radius Group teamed up with Knight Frank MENA to launch the Radius City Logistics project in Dubai Investments Park 2 (DIP II), according to a press release. Knight Frank MENA’s Industrial and Logistics team will facilitate the …
UAE - Mubasher: Mastercard has entered into a partnership with the UAE-based LuLu Group to boost sustainability, innovation, and efficiency in retail payments across the six GCC markets. The partnership, extending across Bahrain, Kuwait, Oman, …
Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …
Riyadh – Mubasher: Abdulrahman Saad Al Jadhai resigned from the position of CEO of Elm Company after leading the company for more than 12 years. Al Jadhai submitted his resignation on 3 July 2024 for personal reasons, yet it will be effective on …
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has obtained insurer financial strength (IFS) rating of ‘BBB+’ from Fitch Ratings. The company also received a national IFS rating of ‘AA-(sau)’ from the agency, according to a …
