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31 December 05:11 AM

Stocks News

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30 December 03:46 PM Asas Makeen rolls out SAR 300m construction deal
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company and Hayat Construction Contracting Company inked a SAR 300 million deal to carry out construction work on several of the company's projects in Riyadh. Spanning 65,000 …
Real estate
Photo Archive
30 December 02:49 PM du, Huawei to deploy UAE’s 1st multi-band indoor 5G solution
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) entered into a partnership with Huawei to deploy the UAE's first customized multi-band Indoor Base Station (IBS) solution. This advanced technology marks a significant milestone …
Companies Investments
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30 December 11:29 AM TAQA secures AED 3.6bn for Al Dhafra power plant
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Emirates Water and Electricity Company (EWEC) announced the financial closing of the AED 3.60 billion Al Dhafra Power Plant. The 1 GW plant will provide power to data center …
Companies Investments
What does EFG Hermes expect for MENA interest rates in 2026?
29 December 09:23 PM What does EFG Hermes expect for MENA interest rates in 2026?
Mubasher: The existing rate environment in the MENA region remains conducive for extending ongoing credit growth recoveries, according to a recent report by EFG Hermes, an EFG Holding Company. Meanwhile, except for the UAE and Egypt, retail credit …
Sector Reports
Kuwait could be region’s black horse in 2026
29 December 08:39 PM Kuwait could be region’s black horse in 2026 – Report
Mubasher: The MENA region still has more to offer in 2026, and when building on Kuwait delivering on its promises in the past couple of years, especially last year, the country is forecast to be the region’s black horse, according to a report by …
Banking and Finance
Saudi Arabia's Riyadh
29 December 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes
Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …
Real estate
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29 December 02:55 PM Bank of Palestine granted license from ADGM to expand globally
Mubasher: Bank of Palestine has received an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM to conduct regulated activities in or from ADGM. The lender will accept deposits and arrange deals in …
Global Economy
Photo Archive
29 December 09:47 AM Sudatel Telecom turns profitable in 9M-25; revenues hit $328m
Abu Dhabi – Mubasher: Sudatel Telecom Group shifted to net profits after tax amounting to $71.08 million in the first nine months (9M) of 2025, compared to net losses of $19.88 million in 9M-24. The basic and diluted earnings per share (EPS) hit …
Financial Results
Photo Archive
29 December 09:20 AM Saudi Lime pens SAR 25m facility deal with Emirates NBD
Riyadh - Mubasher: Saudi Lime Industries Company signed an Islamic Shariah-compliant credit facility deal with Emirates NBD Bank for an amount of SAR 25 million on 28 December 2025. The one-year agreement will be used to support the company’s …
Companies Investments
Egypt’s market closes 2025 as best-performing in MENA
28 December 04:23 PM Egypt closes 2025 as best-performing market in MENA – Report
Cairo – Mubasher: Egypt’s market is closing 2025 as the best-performing in the MENA region, surprising positively in the year as it perfectly rode the tide of positive sentiment around emerging markets, according to a report by the EFG Holding …
Trade
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28 December 02:52 PM Raya Trade to distribute AUKEY products in Egyptian market
Cairo - Mubasher: Raya Trade and Distribution, a subsidiary of Raya Holding for Financial Investments, has signed a strategic partnership agreement with AUKEY MEA to serve as the authorized distributor of AUKEY products in the Egyptian market. The …
Companies Investments
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28 December 09:36 AM Emirates Stallions inks AED 540m agreement with Spox Investments
Abu Dhabi – Mubasher: Afkar Financial Property Investments, a subsidiary of Emirates Stallions Group (ESG), has entered into a landmark AED 540 million deal with Spox Investments. Under the 33-year Musataha agreement, Afkar will lease the …
Companies Investments
Photo Archive
28 December 09:18 AM GCC-focused LuLu inaugurates new express store in Sharjah
Abu Dhabi - Mubasher: Lulu Retail Company, the largest pan-GCC full-line retailer, has opened an express store in Khor Fakkan, Sharjah. The new launch, spanning 24,378 square feet, is designed to serve the daily shopping needs of the local …
Companies Investments
Valu collaborates with Tactful AI
25 December 08:45 PM Valu collaborates with regional platform Tactful AI to enhance digital ecosystem
Cairo – Mubasher: Financial technology powerhouse Valu, listed as U Consumer Finance, has entered into a strategic partnership with Tactful AI, a regional platform focused on in AI-powered customer experience transformation, according to a press …
Global Economy
Cross-listed Orascom Construction is testing significant support level – Analysis
25 December 06:43 PM Cross-listed Orascom Construction is testing significant support level – Analysis
Cairo – Mubasher: The stock of Orascom Construction is currently experiencing a downward trajectory, supported by continued trading below the moving average. However, the price has managed to show positive signals from a significant demand area …
Trading Activities
Khaled Saoud-Al Hasan, GIG Group CEO
25 December 04:42 PM MENA cross-listed insurance group GIG announces retirement of Al Hasan
Mubasher: The board of Gulf Insurance Group (GIG) has accepted the retirement request of Khaled Saoud Al Hasan from his position as GIG Group CEO, according to a press release. Al Hasan’s retirement marks the conclusion of half-century of …
Banking and Finance
International Holding Company (IHC)
24 December 08:43 PM IHC unveils majority acquisition of Peko to strengthen digital services
Abu Dhabi – Mubasher: International Holding Company (IHC) has acquired a 70% stake in Peko Holdings Limited, a technology-driven firm delivering an integrated digital platform that is designed to simplify and automate core business operations, …
Companies Investments
KKR
23 December 11:41 PM Global firm KKR unveils 1st investment in Saudi Arabia through partnership with ACWA Power
Riyadh – Mubasher: US private equity company KKR has entered into a strategic financing transaction with ACWA Power in a transaction that marks the first investment for KKR in Saudi Arabia, according to a press release. The collaboration …
Companies Investments
First Abu Dhabi Bank (FAB)
23 December 09:39 PM FAB teams up with Mastercard for new businesses product in first for EEMEA region
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has collaborated with Mastercard to officially launch the company’s proprietary mobile-first virtual card number (VCN) solution for businesses, according to a press release. The new solution, which …
Banking and Finance
Photo Archive
22 December 06:08 PM Fitch assigns ‘B+’ rating to Gulf Navigation’s AED 612m Sukuk issuance
Dubai - Mubasher: Fitch Ratings has assigned a ‘B+’ rating to Gulf Navigation Holding’s new sukuk issuance at AED 612 million ($167 million), reflecting the company’s solid financial position and stable outlook. The issuance has been primarily …
Companies Investments
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22 December 02:25 PM e&’s subsidiary fully acquires UPC Slovakia from Liberty Global
Abu Dhabi – Mubasher: O2, the mobile operator in Slovakia and part of the e& PPF Telecom Group, signed a binding agreement with Liberty Global to take over UPC Broadband Slovakia (UPC Slovakia) for of EUR 95 million on a cash-free, debt-free …
Mergers and Acquisitions
Al Wathba Insurance
22 December 01:01 PM Al Wathba Insurance becomes 1st UAE insurer to access Lloyd’s of London
Abu Dhabi - Mubasher: Al Wathba National Insurance Company invested in London Bridge 2 PCC, Cell 27, marking a major step in its growth journey with the finalization of a key strategic investment. In line with its revenue diversification strategy, …
Global Economy
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21 December 05:38 PM PureHealth signs agreement with EPX for energy project
Abu Dhabi - Mubasher: PureHealth Holding has launched a new energy efficiency and monitoring project in collaboration with smart building analytics company EPX. The initiative will lower operational emissions by more than 36,000 tons of CO₂ …
Companies Investments
Shamsheer Vayalil, CEO of Burjeel Holdings
21 December 12:41 PM Vayalil to lead Burjeel Holdings’ business as new CEO
Abu Dhabi - Mubasher: The board of Burjeel Holdings has approved the appointment of Shamsheer Vayalil as CEO, in addition to his current role as Founder and Chairman. The decision is subject to obtaining the required shareholder and regulatory …
Management Decisions
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21 December 10:16 AM Modon unveils Abu Dhabi’s largest construction contract in 2025 at AED 2bn
Abu Dhabi - Mubasher: Modon Holding has awarded the main construction contract for two of its residential developments on Hudayriyat Island, with a total value of AED 5 billion. This contract is the largest awarded for residential in Abu Dhabi in …
Real estate