Top News

UAE - Mubasher: The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024. The GCC region accounted for 55.50% of total exports …

Riyadh – Mubasher: Elm Company signed a memorandum of understanding (MoU) with France-based Numeryx Technologies to boost digital transformation, according to a press release. The partnership aims to reinforce business prospects and implement …

Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) completed the acquisition of a 40% stake in Gas and Oil Pakistan Limited (GO), according to a press release. GO is a diversified downstream fuels, lubricants and retail store operator in …

UAE – Mubasher: Dubai-based purpose-built software as a service (SaaS) platform Growdash has raised a AED 6.80 million ($1.80 million) in a seed round, according to a press release. The fundraising transaction was led by Oryx Fund, a MENA-focused …

Riyadh – Mubasher: Saudi Export-Import Bank (Saudi EXIM) has signed a non-binding agreement with Australia’s Macquarie Group for credit facilities worth $500 million. Saudi EXIM will provide the facilities over three years to enhance the group’s …

Riyadh – Mubasher: Saudi Arabia has granted over $129 billion in aid to 169 countries across the globe since 1996, the Supervisor General of the King Salman Humanitarian Aid and Relief Centre (KSrelief) Abdullah Al Rabeeah said, according to the …

Riyadh – Mubasher: The board of SABIC Agri-Nutrients Company recommended cash dividends amounting to SAR 1.42 billion, on 30 May, for the first half (H1) of 2024. The Saudi firm will disburse a dividend of SAR 3 per share, representing 30% of the …

Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) announced that its subsidiary won a contract with a joint venture (JV)comprising the National Petroleum Company (NPCC) and SAIPEM in the UAE. MESC - Ras AlKhaimah UAE will supply a …

Riyadh – Mubasher: The board members of Banque Saudi Fransi and Arabian Contracting Services Company (Al Arabia) proposed a capital hike by granting bonus shares, according to bourse disclosures. The bank will raise its capital through the …

Riyadh – Mubasher: United Mining Industries Company appointed Raed Ibrahim Al Mudaiheem as the board’s Chairman for the next three years. Abdullah Ibrahim Al Mojel was named as the Vice Chairman, according to a recent bourse disclosure. The two …

Mubasher: Assem El-Bassal, the CEO of Mubasher Media as well as Global Financial Media, stated that choosing Mubasher.info financial portal as the Best Economic Platform during the Arab Media Award crowns years of hard work in the economic …

UAE – Mubasher: Winning the Arab region’s Best Economic Platform award for the year 2024 confirms the efforts exerted by Mubasher.info’s team of journalists and content creators as well as the marketing and social media, stated Ahmed El-Shamsy, …

Mubasher: The Saudi Exchange (Tadawul) closed Thursday’s session with a mixed performance, while the Egyptian stock market showed a downward performance for all its indices. This is unlike the UAE stock markets which ended the session in the green …

Riyadh – Mubasher: Neo Space Group (NSG), the recently launched space services company by the Public Investment Fund (PIF), has teamed up with in-flight entertainment and connectivity solutions provider Display Interactive (DI) to introduce …

Riyadh – Mubasher: The Saudi Ministry of Health awarded a SAR 51.07 million project contract to Scientific & Medical Equipment House Company, according to a bourse filing. The deal covers the medical maintenance of Prince Mohammed bin Abdul-Aziz …

Riyadh – Mubasher: East Pipes Integrated Company for Industry and Alrawaf Contracting Company inked a contract with a value exceeding SAR 142 million. The two entities signed the agreement , on 29 May, to supply steel pipes for 19 months, …

Riyadh – Mubasher: Gas Arabian Services Company signed two contracts with Saudi Arabian Oil Company (Saudi Aramco), on 29 May,  at an aggregated value of SAR 760.86 million. The first deal covers the engineering, procurement, and construction work …

Riyah – Mubasher: The Saudi Ministry of Economy and Planning has signed a memorandum of understanding (MoU) with Austria’s Ministry of Labour and Economy to boost economic cooperation between the two countries. The MoU aims to diversify and …

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Academy of Learning Company to increase its capital by issuing one bonus share for every two owned shares. The new capital will stand at SAR 90 million distributed …

Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a $5 billion (SAR 18.75 billion) international trust certificate (sukuk) issuance programme. The sukuk issuance, divided into three tranches, received total orders …

Riyadh – Mubasher: Horizon Educational Company is set to begin the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Sunday, 2 June 2024. The Saudi firm plans to trade 500,000 shares, accounting for …

Riyadh – Mubasher: The board members of Tourism Enterprises Company (Shams) appointed Khaled Abdul Aziz Al Bawardi as the Chairman for the next three years. Abdullah bin Omar Al Suwailem, who was named as the company’s CEO, was announced as the …

UAE – Mubasher: Mubasher.info, a comprehensive financial platform and news portal, has won the Digital Media Award 2024 for being the Best Economic Platform at the Arab Media Forum. Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media, received …