Riyadh – Mubasher: Saudi Arabia and the UAE cut their US Treasury holdings in March by nearly $17 billion as the Iran conflict hit crude exports, their key source of dollar income. The kingdom reduced its US Treasury holdings by $10.80 billion to …
Riyadh - Mubasher: Saudi flag carrier Riyadh Air began the ticket sales for passengers flying between King Khalid International Airport and London Heathrow Airport aboard its new fleet of Boeing 787-9 Dreamliner aircraft starting on 1 July 2026. …
Riyadh - Mubasher: The Saudi Ports Authority (Mawani) partnered with Folk Maritime and SABIC to launch a new Red Sea Express container shipping service to King Fahd Industrial Port, the Saudi Press Agency (SPA) reported. The new service, with a …
Riyadh – Mubasher: The Saudi Ministry of Hajj and Umrah stated it reiterated that all pilgrims must obtain their Hajj permits through officially recognized channels, according to an official statement. This procedure aims to ensure the legality …
Riyadh - Mubasher: Saudi low-cost airline flyadeal has launched scheduled services to India with daily flights between Riyadh and Hyderabad beginning 1 July 2026, according to a press release. Tickets are now available on sale, bookable via …
Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has nodded for Al Rajhi Capital, a subsdiary of Al Rajhi Bank, to proceed with the public offering of the Al Rajhi GCC Equity Fund (Excluding KSA), according to an official …
Mubasher: PlayReplay, an AI-powered intelligent court system for racquet sports, has raised a total of $12 million in a funding round led by Alfvén & Didrikson (A&D) alongside other investors, including Centre Court Capital, ExM Investment …
Mubasher: The net profits of ADNOC Distribution and Americana Restaurants International joined forces to expand dining and convenience offerings across ADNOC Distribution service station locations in the UAE, Saudi Arabia, and Egypt. Under the …
Riyadh – Mubasher: SAB Invest, the investment arm of Saudi Awwal Bank (SAB), was announced as the first ETF market maker in the Kingdom, marking a new milestone in the Saudi capital market, according to a press release. The CEO of SAB Invest, Ali …
Riyadh – Mubasher: The International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance held the second High-Level Strategic Dialogue on Capacity Development and agreed to a suite of support to IMF capacity development across the Middle …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) collaborated with Pasqal, a global leader in neutral-atom quantum computing, for the inauguration of the first quantum computer in Saudi Arabia. Aramco and Pasqal also unveiled the first …
Riyadh – Mubasher: Ghaia Investment Holding and next-generation investment management firm Chicago Global are introducing Parallax in Saudi Arabia to help institutions form, review and govern investment decisions. Parallax is developed by Chicago …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that Eid Al Adha holiday will commence on Sunday, 24 May 2026, according to an official statement. Tadawul stated that the last day of trading before the holiday will be Thursday, 21 May …
Riyadh – Mubasher: Riyad Bank and Mastercard jointly launched an innovative Travel and Expense (T&E) Corporate Card program, marking the Saudi lender’s first corporate card offering in the Kingdom. The launch builds on the two entities’ ongoing …
Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company has acquired 12 specialized heavy vehicles from the commercial and construction development company SANY Group at a value of approximately SAR 5.91 million, according to a bourse filing. The …
Mubasher: Majid Al Futtaim has officially launched SHARE in Saudi Arabia, introducing its flagship rewards program to one of the region’s fastest-growing and digitally connected markets, according to a press release. SHARE serves as the group’s …
Riyadh – Mubasher: The individual investor subscription period for Dar Al Balad for Business Solutions Company’s initial public offering (IPO) has been concluded at a final offer price of SAR 9.75 per share. The retail offering saw significant …
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company plans to issue Sharia-compliant, USD-denominated, fixed-rate RegS senior unsecured Sukuk, according to a bourse filing. Dar Al Arkan has mandated Abu Dhabi Commercial Bank (ADCB), Abu …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has officially announced the approval of SAB Invest to act as the first designated market maker under the Exchange Traded Funds (ETF) Market Making Framework, which was launched earlier in 2026. This …
Riyadh - Mubasher: MENA-based digital freight network TruKKer secured an inaugural trade receivables securitization facility of up to $300 million arranged and funded by Abu Dhabi Commercial Bank (ADCB). The transaction, among the GCC’s first …
Dubai – Mubasher: Air Arabia registered net profits after tax valued at AED 248.20 million in the first quarter (Q1) of 2026, down 22% year-on-year (YoY) from AED 305.13 million, according to the financial results. The lower profits were driven by …
Riyadh – Mubasher: Saudi fintech Stitch has secured $25 million in Series A funding led by the US-based VC Andreessen Horowitz (a16z), marking its first investment in the GCC region. The transaction brings Stitch’s total funding to $35 million, …
Abu Dhabi – Mubasher: The net profits after tax of RAK Ceramics declined by 21.80% year-on-year (YoY) to AED 38.21 million in the first quarter (Q1) of 2026 from AED 48.87 million. The basic and diluted earnings per share (EPS) hit AED 0.03 in …
Riyadh - Mubasher: ADES Holding Company registered net profits attributable to the shareholders totaling SAR 236.44 million in the first quarter (Q1) of 2026, an annual rise of 21.78% from SAR 194.15 million. The revenues climbed by 62.61% to SAR …
Dubai – Mubasher: Shuaa Capital and Key Capital Limited joined forces to support the development of the venture capital (VC) secondaries market across MENA and EMEA. Key Fund I LP targets a fund size of $50 million and pursues a disciplined …
