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28 May 2025 02:34 PM Orascom Construction’s consolidated profits exceed $27m in Q1-25
Cairo – Mubasher: Orascom Construction posted lower consolidated net profits at $27.10 million in the first quarter (Q1) of 2025, compared to $49.80 million in Q1-24. Revenues climbed to $847.60 million in Q1-15 from $766.30 million a year …
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28 May 2025 11:54 AM Dubai Residential REIT becomes largest listed REIT in GCC via DFM debut
UAE – Mubahser: Dubai Residential REIT, a Shariah-compliant income-generating closed-ended real estate investment fund, commenced trading its shares on the Dubai Financial Market (DFM) under the symbol ‘DUBAIRESI’. Dubai Residential REIT, one of …
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28 May 2025 11:21 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, except for the …
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28 May 2025 10:32 AM Binghatti, ADIB ink MoU for Sharia-compliant home financing in Dubai
Abu Dhabi – Mubasher: Dubai’s leading developer Binghatti Holding Limited has signed a deal with Abu Dhabi Islamic Bank (ADIB) to deepen its customer base by offering Sharia-compliant home-financing solutions, including off-plan property …
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28 May 2025 08:10 AM GFH, Kuwait-based real estate firm Al Tijaria to foster GCC logistics sector
Mubasher: GFH Capital, a Saudi subsidiary of GFH Financial Group, partnered with Kuwait-based real estate firm The Commercial Real Estate Company (Al Tijaria) to expand business in the warehousing and logistics sector across Saudi Arabia and the …
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27 May 2025 07:42 PM DIB seals $150m financing agreement with Turkey’s telecom provider Turkcell
Dubai – Mubasher: Dubai Islamic Bank (DIB) penned a $150 million Murabaha financing deal with Turkcell, Turkey’s leading telecommunications and technology services provider. The five-year bullet-term facility will boost Turkcell’s investments in …
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27 May 2025 05:40 PM Lulu Retail to join FTSE Global Equity Index Series
Abu Dhabi – Mubasher: Lulu Retail Company has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), following the latest review by FTSE Russell. The inclusion is expected to be from 23 June 2025 and is subject to any …
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27 May 2025 10:32 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, except for the …
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27 May 2025 09:15 AM Aspen boosts regional expansion via HQ in Riyadh
Riyadh – Mubasher: Aspen Pharmacare Holdings Limited, a global speciality and branded multinational pharmaceutical company, launches a new regional headquarters (HQ) in Riyadh, according to a press release. The Saudi expansion followed a series of …
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27 May 2025 08:58 AM ADNOC Drilling secures $1.1bn contract award for 2 jack-up rigs
Abu Dhabi – Mubasher: ADNOC Drilling Company announced a contract award valued at $1.15 billion for two jack-up rigs by ADNOC Offshore, according to a press release. The 15-year deal aligns with the company’s expansion plans to grow its offshore …
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26 May 2025 10:42 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, except for the …
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26 May 2025 07:25 AM Dubai Land Department launches MENA’s 1st tokenized real estate project
UAE – Mubahser: Dubai Land Department (DLD) has launched the region’s first tokenized real estate investment project through the Prypco Mint platform, according to a press release. The initiative is being implemented in partnership with Prypco, …
Founders of Gainz
25 May 2025 06:32 PM Gainz secures funding round to back regional expansion plans
UAE - Mubasher: Dubai-based fintech Gainz has closed a 7-figure pre-seed round in USD, structured as a mix of equity and debt, according to a press release. The round was led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc., with …
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25 May 2025 06:05 PM viAct fuels MENA’s expansion via $7.3m funding round
Mubasher: Hong Kong-based AI company viAct has raised $7.30 million in a Series A round led by Ireland’s VentureWave Capital, with participation from Singtel Innov8 and Korean Investment Partners. The company plans to expand its business globally …
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25 May 2025 04:16 PM DTC expands partnership via 6,000 Taxis on Bolt platform
Dubai – Mubasher: Dubai Taxi Company’s (DTC) partner Bolt added more than 6,000 DTC taxis, supporting the company’s commitment to enhancing ease and convenience for customers. The expansion came amid a rapid increase in demand for taxis, as …
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25 May 2025 10:16 AM ADNOC suppliers commit AED 3bn investments to boost UAE’s manufacturing
UAE – Mubasher: ADNOC’s its partners across its supply chain committed AED 3 billion ($817 million) as investments in manufacturing facilities across the UAE, according to a press release. The facilities are located across the Industrial City of …
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25 May 2025 10:03 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, except for the …
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22 May 2025 08:45 PM DMCC witnesses 13% rise in Singaporean companies
UAE - Mubasher: Dubai Multi Commodities Centre (DMCC) recorded a 13% growth in companies from Singapore joining its international business district in the past 12 months. The announcement was made during DMCC’s first-ever roadshow on the ground in …
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22 May 2025 08:06 PM Bybit becomes 1st crypto exchange to enable global stock trading with USDT
UAE - Mubasher: Bybit, a Dubai-based cryptocurrency exchange, has launched direct trading of top global stocks with USDT, according to a press release. This comes as a part of its expanding Gold & Forex (MT5) product suite, as Bybit became the …
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22 May 2025 06:52 PM MubasherTrade sets Bonyan’s FV at EGP 7.9/shr
Cairo - Mubasher: MubasherTrade Research has determined the fair value (FFV) of Bonyan for Development and Trade Company’s stock at EGP 7.94 per share, with a medium-risk buy recommendation. Mubasher Research evaluated the company's stock using …
First Abu Dhabi Bank (FAB)
22 May 2025 06:30 PM FAB becomes 1st in MENA to adopt Oracle-Mastercard solution for B2B payments
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is currently the first bank in the MENA region to pilot an innovative embedded finance and payments solution developed by both Oracle and Mastercard, according to an official statement. The …
Saudi Arabian Oil Company (Aramco)
22 May 2025 04:03 PM Aramco achieves world-first in gas operations, boosts renewables investment, energy efficiency
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has unveiled a world-first milestone by successfully commissioning a megawatt (MW)-scale renewable energy storage system to power gas production activities, according to an official statement. …
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22 May 2025 03:08 PM Cisco unveils collaboration with Saudi enterprise to boost global AI infrastructure
Riyadh – Mubasher: Global leader in networking and security Cisco recently announced a groundbreaking initiative with new AI enterprise HUMAIN in Saudi Arabia to help build the world’s most open, scalable, resilient and cost-efficient AI …
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22 May 2025 08:30 AM GTN and Galt & Taggart join forces: unlocking global investment for Georgia
UAE- Mubasher: GTN, a global fintech redefining trading and investing for all, today announced a partnership with Galt & Taggart, a leading investment bank in Georgia, to significantly enhance the online investment experience for their clients. …
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22 May 2025 06:59 AM Zoho, areeba pen $5m partnership deal at Seamless Dubai 2025
UAE – Mubasher: Zoho and areeba signed a partnership agreement at Seamless Dubai 2025  to accelerate the digital transformation of businesses across the region, according to a press release. Under the joint deal, Zoho will invest up to $5 million …