Mubasher: The net profits attributable to the shareholders of GFH Financial Group hit $27.13 million in the first quarter (Q1) of 2024, up 13.03% year-on-year (YoY) from $24 million. Total income stood at $162.97 million in the January-March 2024 …
Mubasher: Initial public offering (IPO) in the GCC has raised $931 million in the first quarter (Q1) of 2024, a 73% year-on-year (YoY) plunge from $3.50 billion in the comparative period of 2023, according to a report by Kuwait Financial Centre …
Mubasher: Al Baraka Banking Group (ABG), listed on Bahrain Bourse and the Egyptian Exchange (EGX), has launched an inter-franchise collaboration portal to enhance business opportunities for customers in Egypt and Pakistan. The partnership …
Cairo – Mubasher: QatarEnergy signed an agreement with ExxonMobil to acquire 40% ownership in two offshore exploration blocks in Egypt. QatarEnergy will take on a 40% stake in the Cairo and Masry offshore concession agreements, while ExxonMobil …
UAE – Mubasher: The UAE has been named the global leader in fibre-to-the-home (FTTH) penetration for the eighth consecutive year. The country has achieved an FTTH penetration rate of 99.30%, according to a report by the FTTH Council. The report …
Cairo – Mubasher: The board of Raya Customer Experience (RAYA CX) has acquired 59,170 shares in Gulf Customer Experience Bahrain, representing 14.97% of the company’s capital. The acquired stake was bought from an American investor, according to a …
Riyadh – Mubasher: Egypt’s hybrid national airline Air Cairo has partnered with the Saudi travel company Almosafer, a subsidiary of Seera Group Holding, to become the exclusive general sales agent (GSA) of Air Cairo in Saudi Arabia, according to a …
Riyadh - Mubasher: Payments giant Mastercard announced restructuring its regional operations, appointing new division leaders as it aims to step up growth across the Middle East and North Africa (MENA). This initiative forms part of the company's …
By: Mahmoud Gamal UAE – Mubasher: Abu Dhabi Future Energy Company (Masdar) is planning to expand its green hydrogen production in Egypt’s Suez Canal Economic Zone (SCZONE) and along the Mediterranean coast, Mohammad Abdelqader El-Ramahi, Chief …
Riyadh – Mubasher: Egypt-based Suez Oil Company (SUCO) has awarded ADES Holding Company a SAR 161 million contract to use a standard jackup unit from the Saudi company’s fleet. The jackup unit will be used for drilling works at the Gulf of Suez, …
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is in negotiations to acquire equities in four companies that plan to list their shares on the Egyptian Exchange (EGX), Managing Partner Mostafa Abdelaziz told Mubasher in an interview. …
Mubasher: Chairman of Mubasher Financial Group, Mohammed Al Ballaa, stated that the emergence of the fintech industry helped with the success witnessed in stock exchanges and different sectors over the past years. Al Ballaa noted, during the third …
Mubasher: MubasherTrade Global seeks to increase the number of investors in the Arab stock markets, Chairman Mohammed Rashid Al Ballaa said at the third Arab Federation of Capital Markets (AFCM) Annual Conference. The number of traders in the Arab …
Mubasher: Mubasher Global has the largest network that connects the markets across the globe through its company Global Trading Network (GTN), Chairman of MubasherTrade Global, Mohammed Rashid Al Ballaa, stated during the third Arab Federation of …
Riyadh – Mubasher: UK-based digital transformation agency Like Digital & Partners has made its debut into Saudi Arabia as part of the company’s expansion plan for the GCC. The inauguration of the new office in Riyadh adds to the current facilities …
Dubai– Mubasher: Dubai Financial Market (DFM) has launched ARENA, an innovative platform for initial private offerings. ARENA by DFM will support the growth of companies and investors in the Middle East and North Africa (MENA) region through …
UAE – Mubasher: Dubai-based neobroker amana launched a groundbreaking strategy to boost access to the MENA stock markets for its customers, according to a press release. In February, the investment service provider developed an initiative to …
UAE – Mubasher: Constructor Capital, a venture capital (VC) fund investing in technology startups, has made a debut in the UAE with a new regional office. Constructor Capital's latest move signals a deeper foray into quantum technology within the …
Dubai – Mubasher: BHM Capital Financial Services has launched the Fixed Income Division to enhance its position in local as well as regional financial markets, according to a press release. With more than 75 years of collective experience, the …
UAE – Mubasher: UAE-based e-commerce startup WEE has raised a pre-Series A round valued at $10 million from SIG Investment, according to a press release. The latest investment propels WEE's valuation to $40 million, which will help the platform …
UAE – Mubasher: Dubai-based logistics startup Shorages has raised a pre-series A round valued at $1 million following its successful launch in Saudi Arabia, according to a press release. Led by Joa Capital as part of their S3 Ventures Fund, the …
Mubasher: Bahrain-based alternative asset manager Investcorp partnered with China Investment Corporation (CIC) to launch Investcorp Golden Horizon, with a target size of $1 billion. The platform aims to invest in high-growth companies across …
Cairo – Mubasher: Egypt-based fintech Bokra has closed a $4.60 million pre-Seed round led by DisrupTech Ventures and SS Capital, according to a press release. The fintech will use the funding to reshape wealth management in the MENA region by …
UAE – Mubasher: The UAE has signed a memorandum of understanding (MoU) with Iraq, Qatar, and Türkiye for cooperation on the Development Road project. The project seeks to create a sustainable economy bridging East and West, increase international …
UAE – Mubasher: Spinneys 1961 Holding set the price range for its initial public offering (IPO) on the Dubai Financial Market (DFM) between AED 1.42 and AED 1.53 per Share. The IPO will imply a market cap at the time of listing of between nearly …