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4 June 2025 00:17 PM ADSB, EDGE Group unveil AED 7bn award to boost Kuwait Naval Forces
Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) received a letter of award from its shareholder, EDGE Group, for the supply of Falaj3-class 62-metre Missile Boats to the Kuwait Naval Forces. The contract’s value stands at AED 7 billion, …
Companies Investments
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4 June 2025 09:15 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 …
Mutual Funds
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3 June 2025 06:05 PM Stride Ventures eyes business in Saudi Arabia to fuel regional expansion plans
Riyadh – Mubasher: Stride Ventures, a global venture debt firm, has unveiled plans to launch a business in Saudi Arabia in line with its growth strategy in the GCC region. Stride Ventures currently boasts an active investment pipeline of up to …
Companies Investments
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3 June 2025 04:29 PM Aldar unveils Abu Dhabi's 1st coastal wellness destination with AED40bn development value
Abu Dhabi – Mubasher: Aldar Properties announced a master plan for Abu Dhabi’s next island destination, Fahid Island, which has a gross development value exceeding AED 40 billion. With an 11-kilometre (km) coastline, Fahid Island is surrounded by …
Real estate
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3 June 2025 01:50 PM AMEA Power commissions Africa’s largest wind power plant in Egypt
Cairo – Mubasher: AMEA Power commissioned its 500 megawatt (MW) wind power plant in Egypt, the largest operational wind farm in Africa, according to a press release. Located in Ras Ghareb in the Red Sea Governorate, the facility anchors Egypt’s …
Banking and Finance
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3 June 2025 08:48 AM FABMISR arranges EGP 4.2bn loan for Redcon Properties
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the UAE-listed FAB, has led a syndicated loan worth EGP 4.20 billion for Redcon Properties, according to a press release. The loan will be used to finance the execution of the …
Banking and Finance
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2 June 2025 06:59 PM Ajman Port to witness infrastructure upgrade via AED 1bn agreement
UAE – Mubasher: The Department of Port and Customs Ajman (DPC) inked a joint deal valued at AED 1 billion with Hutchison Ports to expand and develop Ajman Port’s infrastructure. Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, witnessed the …
Companies Investments
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2 June 2025 05:04 PM Giza Systems announces new CEO appointment, regional expansion plans
Mubasher: Giza Systems, Egypt-based subsidiary of Arabian Internet and Communications Services Company (solutions) by Saudi Telecom Company (stc), appointed Ahmad Elharany as Group CEO. The company announced the appointment during a roundtable …
Global Economy
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2 June 2025 00:26 PM Flynas launches 2 weekly direct flights to Damascus
Riyadh – Mubasher: Flynas has announced two weekly direct flights between Jeddah and Damascus as of 12 June, within the framework of the company's regional expansion, according to a press release. The Saudi carrier seeks to meet travelers needs …
Global Economy
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2 June 2025 08:51 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 …
Mutual Funds
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1 June 2025 05:10 PM Madinet Masr sets up subsidiary in Dubai
Cairo – Mubasher: Madinet Masr Housing and Development has begun developing a wholly owned subsidiary in Dubai under the name ‘Cities of the World’, according to a press release. In line with Madinet Masr's strategic expansion plan, the new entity …
Companies Investments
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1 June 2025 00:06 PM 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 …
Trading Activities
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1 June 2025 09:22 AM Sudatel Telecom shifts to $26m losses in Q1-25
Abu Dhabi – Mubasher: Sudatel Telecom Group turned to net losses valued at $25.96 million in the first quarter (Q1) of 2025, compared to profits of $22.34 million in Q1-24. Total operating revenues fell to $80.17 million in the first three months …
Financial Results
Mostafa Khattab, Founder of Bloomspoon
1 June 2025 08:03 AM UAE-based Bloomspoon backs regional expansion via funding from Shark Tank
UAE – Mubasher: Dubai-based startup Bloomspoon has secured investment valued at AED 800,000 in exchange for 49% equity during Season 3 of Shark Tank Dubai. The deal was offered by Toufic Kreidieh, Executive Chairman and Co-Founder of the Brands …
Companies Investments
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1 June 2025 07:02 AM ADNOC Drilling eyes 70% stake in SLB's rigs business in Kuwait, Oman
Abu Dhabi – Mubasher: ADNOC Drilling Company has signed an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman, according to a press release. The ADX-listed firm will own eight fully operational land rigs under …
Companies Investments
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3 March 2025 02:06 PM Businesses operating in Bahrain benefit from cost advantages in logistics, manufacturing
Mubasher: Businesses operating in Bahrain benefit from annual operating cost advantages of up to 69% in logistics and up to 41% in manufacturing compared to neighbouring GCC countries, according to the ‘Cost of Doing Business in the GCC’, …
Trade
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2 March 2025 02:37 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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 …
Banking and Finance
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29 May 2025 08:00 PM Gridora, ADPIC team up to bolster AED 35bn transport infrastructure projects
Abu Dhabi - Mubasher:  Gridora, the new infrastructure platform established by ADQ, International Holding Company (IHC), and Modon Holding, has penned its first deal with Abu Dhabi Projects and Infrastructure Centre (ADPIC). Under the memorandum …
Companies Investments
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29 May 2025 06:34 AM UAE-based fintech Qashio backs regional expansion plans via $19.8m funding
UAE – Mubasher: Dubai-headquartered fintech company Qashio has raised $19.80 million in its latest funding round to expand into Saudi Arabia and deepen its business-to-business (B2B) program across the MENA region. The fundraising transaction is a …
Companies Investments
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29 May 2025 06:01 AM Binghatti acquires mega plot for AED 25bn residential community
UAE – Mubahser: Binghatti Holding Limited has acquired freehold land with more than 8 million square feet of gross floor area to develop its first large-scale master-planned residential community in the Emirate. Located in Nad Al Sheba 1, the …
Real estate
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29 May 2025 05:57 AM Stitch raises $10m seed to transform financial landscape in MENA
Riyadh – Mubasher: Saudi fintech infrastructure platform Stitch has closed a $10 million seed funding round, led by Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC). Regional family offices and other angel investors, …
Banking and Finance
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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 …
Financial Results
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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 …
Companies Investments
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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 …
Trading Activities
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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 …
Companies Investments