Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) fell 171.28 points (1.45%) to close at 11,659.94 points on Tuesday. A total of 208.46 million shares were traded at a turnover of SAR 5.34 billion. …
Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …
Mubasher: The crude oil market is witnessing a rise due to escalating tensions in the Middle East following the killing of an Egyptian soldier in a clash with Israeli forces, according to a report by Saxo Bank. The price of West Texas Intermediate …
UAE – Mubasher: Mubasher.info news portal has received the Digital Media Award 2024 for being the Best Economic portal at the Arab Media Forum. Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media, received the award on the first day of the …
Mubasher: The Middle East ranked as the fastest-growing real-time payment market for the second consecutive year in 2023, according to the 2024 Prime Time for Real-Time report by ACI Worldwide and GlobalData. The region's real-time payment market …
Riyadh – Mubasher: The board of Saudi Real Estate Company (Al Akaria) has accepted the resignation of Ibrahim bin Mohamed Alalwan from his position as CEO and Managing Director. The resignation, dated 27 May 2024, was ascribed to personal reasons, …
UAE – Mubasher: The UAE came first in the MENA region and 18th globally in the World Economic Forum’s Travel & Tourism Development Index (TTDI) 2024, according to the WEF report. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the …
Riyadh – Mubasher: Gulf Islamic Investments (GII) has signed a SAR 1 billion agreement with LogiPoint, a subsidiary of Sustainable Infrastructure Holding Company (SISCO Holding), to create a joint venture (JV) for a logistics platform. The new …
Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) awarded, on 27 May, two projects with an aggregated value of SAR 45.50 million. The first project stands at an amount of SAR 23.64 million, while the second one is valued at SAR 21.86 …
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company obtained a Sharia-compliant banking facility valued at SAR 275 million from Bank Albilad on 27 May. The financing deal, which is secured by a promissory note, is valid till 5 March …
UAE – Mubasher: DP World has teamed up with Maalexi to offer new efficiencies and access to a wider range of food products at Jebel Ali Port, which will provide another transformation to food security in the Gulf area. The agreement with Maalexi, …
Riyah – Mubasher: The Public Investment Fund (PIF) has established a new company for the satellite and space industries under the name Neo Space Group (NSG). The new entity aims to advance commercial space operations in Saudi Arabia by providing …
Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) decreased its accumulated losses from 36.20% to 34.90% of the SAR 315 million capital. The group reported accumulated losses valued at SAR 109.94 million in …
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) edged lower by 19.42 points (0.16%) to close at 11,831.22 points on Monday. A total of 214.77 million shares were traded at a turnover of SAR 5.89 billion. …
Mubasher: The increased investor confidence is driving sustained demand across the healthcare value chain in the Middle East region, according to JLL. JLL recently advised a consortium led by UAE-based Fajr Capital to acquire a 65% shareholding in …
Riyadh – Mubasher: Elm Company is set to participate in the second edition of Africa’s large technology and startup event, GITEX Africa 2024. During the event, Elm will showcase its latest innovative solutions in various fields, including modular …
Riyadh – Mubasher: Mastercard and Payment24 are extending their collaboration to enhance security and drive innovation in the fleet and fuel payment industry across Eastern Europe, the Middle East, and Africa (EEMEA). This partnership aims to …
UAE – Mubasher: Holo, a direct mortgage platform in the UAE, has completed a pre-Series A funding round with oversubscription. The round was led by Dubai Future District Fund (DFDF), UK’s Oryx fund, and Aditum Investment Management., according to …
UAE – Mubasher: DP World and Saudi Ports Authority (Mawani) established a new logistics park at Jeddah Islamic Port at a value of SAR 900 million ($250 million), according to a press release. The two parties joined forces to provide advanced …
Mubasher: Plaza Premium Group (PPG) has invested $100 million to expand its presence in the Middle East with a major focus on Saudi Arabia. This investment aims to anchor the group’s role as a connector between the Middle East and popular global …
Riyadh – Mubasher: Saudi-based payment processing company PayTabs Group has partnered with financial management solutions provider NuMetric. The partnership enhances online invoice collection and automation, improving the overall platform …
Riyadh – Mubasher: The shareholders of Alkhorayef Water and Power Technologies Company agreed to increase the capital by 40% through the issuance of one bonus share for two and a half existing shares. The Saudi firm will transfer SAR 100 million …
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) went down by 145.35 points (1.21%) to close at 11,850.64 points on Sunday. A total of 164.90 million shares were traded at a turnover of SAR 4.37 billion. …
Abu Dhabi – Mubasher: Big data analytics company Presight AI Holding, a subsidiary of UAE's G42, has signed a memorandum of understanding (MoU) with Dell Technologies to accelerate digital transformation and innovation across various sectors in …
Riyadh – Mubasher: ADES Holding Company has announced that one of its subsidiaries has received an award for six onshore contracts with Kuwait Oil Company (KOC) with an estimated backlog of SAR 2.42 billion. The award includes new contracts for …
