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16 February 2025 08:32 PM stc enters into strategic agreements with global digital entities at LEAP 2025
Riyadh – Mubasher: More than 75 strategic partnerships between Saudi Telecom Company (stc) Group and tech industry giants were signed at LEAP 2025, which concluded on 12 February after lasting for four days, according This year, stc set new …
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16 February 2025 04:41 PM PIF-owned Diriyah selects IBM’s enterprise asset management solution at LEAP 2025 for more operational efficiency
Riyadh – Mubasher: Diriyah Company has selected IBM Maximo Application Suite (MAS), during its participation at the four-day LEAP 2025 event in Saudi Arabia, to monitor and manage assets across the Diriyah Project, according to a press release. As …
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16 February 2025 02:29 PM stc’s iot squared joins Ericsson at LEAP 2025 to launch platform with Alshaya inaugural customer
Riyadh – Mubasher: Ericsson and Saudi Telecom Company (stc) Group’s iot squared jointly launched Ericsson Connected Recycling platform in Saudi Arabia during the four-day LEAP 2025 event, with Alshaya Group being the inaugural customer. The local …
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16 February 2025 01:48 PM Recently launched upsource partners with Cognizant at LEAP 2025 via 3-year strategic agreement
Riyadh – Mubasher: upsource by solutions has teamed up with Cognizant through a three-year strategic partnership that was signed at LEAP 2025 to reshape business process outsourcing (BPO) in Saudi Arabia and beyond, according to a press release. …
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19 May 2025 09:05 PM BASF Agricultural Solutions has Babouih as Country Manager for Egypt, Middle East
Cairo – Mubasher: BASF Agriculture Solutions, a business unit of the chemical entity BASF, has appointed Youssef Babouih as Country Manager for its operations in Egypt and the Middle East, effective February 2025, according to a press release. …
PIF Directors’ Gathering
19 May 2025 08:50 PM PIF holds 2nd with presence of 1,000 global board members, executives
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has held the second edition of the PIF Directors’ Gathering, bringing together more than 1,000 directors and executives from Saudi Arabia and around the world in the Kingdom’s capital. …
First Abu Dhabi Bank Misr (FABMISR)
19 May 2025 07:36 PM FABMISR witnesses EGP 3.9bn net profits in Q1-25; customer deposits grow 12%
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt and a unit of the UAE-listed FAB, registered a net profit of EGP 3.90 billion in the first quarter (Q1) of 2025 compared to EGP 9.90 billion in …
Saudi Arabia’s Public Investment Fund
19 May 2025 03:49 PM Saudi PIF adds to global expansion via new subsidiary office
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has launched a new subsidiary company office in Paris, as part of a plan to expand its global presence while deepening ties in France which represents a priority international market. …
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19 May 2025 01:31 PM Space42 launches first-of-kind HAPS manufacturing center in MENA
Abu Dhabi – Mubasher: Mira Aerospace, a subsidiary of Space42, has opened MENA’s first High Altitude Platform Stations (HAPS) manufacturing facility in Abu Dhabi, according to a press release. Spanning 4,500-square-meter land plot, the new center …
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19 May 2025 00:52 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 …
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18 May 2025 08:20 PM Waha Capital’s net profits plunge 44% in Q1-25; AUM hits AED 12.3bn
Abu Dhabi – Mubasher:  Waha Capital generated AED 157.52 million in the first quarter (Q1) of 2025, lower by 44% than AED 281.08 million in Q1-24. The company generated revenues amounting to AED 329.86 million as of 31 March 2025, down 29% …
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18 May 2025 06:52 PM Agthia Group’s net profits exceed AED 86m in Q1-25
Abu Dhabi – Mubasher: Agthia Group recorded lower net profits at AED 86.11 million in the first quarter (Q1) of 2025, compared to AED 127.59 million in Q1-24 Basic and diluted earnings per share (EPS) hit AED 0.09 as of 31 March 2025, versus AED …
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18 May 2025 06:33 PM Shuaa Capital turns into AED 195m profits in Q1-25
Dubai – Mubasher: Shuaa Capital turned profitable at AED 195.02 million in the first quarter (Q1) of 2025, against net losses valued at AED 94.73 million in Q1-24. Earnings per share (EPS) attributable to owners hit AED 0.05 as of 31 March 2025, …
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18 May 2025 08:54 AM TAQA posts higher revenues at AED 14.2bn in Q1-25
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) generated net profits attributable to the owners amounting to AED 2.15 billion in the first quarter (Q1) of 2025. The recorded net profits were higher than AED 2.13 billion in Q1-24, …
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18 May 2025 08:32 AM Eshraq Investments incurs AED 27m losses in Q1-25
Abu Dhabi – Mubasher: Eshraq Investments suffered lower net losses at AED 27.03 million in the first quarter (Q1) of 2025, compared to AED 306.05 million a year earlier. Loss per share stood at AED 0.01 as of 31 March 2025, versus AED 0.11 in …
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18 May 2025 08:06 AM RAK Ceramics achieves nearly AED 49m profits in Q1-25
Abu Dhabi – Mubasher: RAK Ceramics registered AED 48.87 million in the first quarter (Q1) of 2025, lower by 22.30% than AED 62.90 million in Q1-24. The company generated revenues amounting to AED 776.53 million as of 31 March 2025, down 0.70% …
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18 May 2025 07:56 AM Ithmaar Holding records drop in quarterly results; accumulate losses cross $827.5m in Q1-25
Mubasher: Ithmaar Holding, listed on the Bahrain Bourse as well, posted lower net profits at $7.41 million in the first quarter (Q1) of 2025, compared to $15.92 million in Q1-24. Total income reached $181.97 million in Q1-25, down from $237.48 …
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18 May 2025 07:33 AM ADNIC records AED 119.5m profits in Q1-25
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) registered net profits after tax worth AED 119.57 million in the first quarter (Q1) of 2025, an annual rise from AED 100.94 million. Earnings per share (EPS) grew to AED 0.20 in …
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13 February 2025 10:16 PM Listed digital solutions provider Elm concludes participation in LEAP 2025 with multiple strategic agreements
Riyadh – Mubasher: Elm Company concluded its participation in LEAP 2025, which was held in Saudi Arabia from 9 to 12 February, where it showcased a wide range of its innovative digital solutions. Elm signed multiple strategic agreements with …
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13 February 2025 09:43 PM Unifonic showcases customer service tools at LEAP 2025
Riyadh – Mubasher: The Middle East’s Software as a Service (SaaS) provider Unifonic has showcased its AI-powered conversational platform to help elevate customer engagement and operational efficiency during its participation at LEAP 2025 in the …
SAL's Al Sheikh and stc's VP of Enterprise Accounts, Abdulaziz Al Haydar,
13 February 2025 08:15 PM Al Sheikh says deal with stc at LEAP 2025 is part of SAL’s customer-centric strategy
Riyadh – Mubasher: SAL Logistics Services’ recent memorandum of understanding (MoU) with Saudi Telecom Company (stc) Group is part of SAL’s customer-centric strategy and marks an important step towards enhancing the efficiency of logistics …
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13 February 2025 06:31 PM Mobily unveils over SAR 3.4bn investment during LEAP 2025 to support Saudi digital infrastructure
Riyadh – Mubasher: Technology, media, and telecommunications (TMT) company Etihad Etisalat Company (Mobily), recently announced an investment of $905 million, equivalent to more than SAR 3.40 billion, in data centres and submarine cables. The …
UAE Ministry of Finance
13 February 2025 05:39 PM UAE Cabinet issues decision on multinational top-up tax for businesses
UAE – Mubasher: The UAE Ministry of Finance recently announced the issuance of Cabinet Decision No. 142 of 2024 which covers the introduction of the top-up tax for multinational enterprises, providing further details on the UAE Domestic Minimum …
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13 February 2025 04:56 PM Ericsson concludes LEAP 2025 participation in line with mobile network expansion for Beyon’s subsidiary
Riyadh – Mubasher: Ericsson has showcased its technologies and innovation leadership under the theme ‘Step Forward: Discover the Unfolding Future’ at LEAP 2025, which concluded on 12 February at the Riyadh Exhibition and Convention Center. The …
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12 February 2025 11:50 PM Elm joins forces with Lean Business Services at LEAP 2025 to advance digital transformation
Riyadh – Mubasher: Elm Company has signed a memorandum of understanding (MoU) with Lean Business Services to strengthen Saudi Arabia's healthcare sector and related industries through a wide array of innovative digital services and products. The …