Mubasher TV
Contact Us Advertising   العربية

Stocks News

Photo Gallery
8 September 08:41 AM Reachware fuels GCC expansion plans via $3m funding co-led by Elm
Riyadh – Mubasher: Saudi SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, according to a press release. Reachware, a leading startup specialising …
Photo Gallery
4 September 03:28 PM Hakbah, Tawuniya forge new partnership at 24 Fintech
Riyadh – Mubasher: Saudi fintech savings platform Hakbah entered into a new partnership with The Company for Cooperative Insurance (Tawuniya) at the 24 Fintech Conference that kicked off in Riyadh on 3 September. This alliance will reshape the …
Photo Gallery
3 September 03:54 PM stc’s subsidiary STC Bank partakes in global meeting point 24 Fintech as Founding Partner
Riyadh – Mubasher: STC Bank, formally known as stc pay and one of the leading digital innovators in the listed Saudi Telecom Company (stc) portfolio, is joining the 24 Fintech three-day event in Saudi Arabia as a Founding Partner. Being the newest …
Photo Gallery
2 September 05:32 PM Checkout.com to enter into strategic partnership with Tawuniya at 24 Fintech
Riyadh – Mubasher: Global payments solution provider Checkout.com unveiled it will be signing strategic partnership agreements with The Company for Cooperative Insurance (Tawuniya) during the 24 Fintech 2024 event which will launch in Saudi Arabia …
Photo Archive
25 August 11:43 AM NMDC, ADNCO announce 1st clean energy project in MEA
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) secured a contract worth more than $200 million from the Abu Dhabi National Oil Company (ADNOC), according to a press release. The deal covers the crucial marine dredging works in the …
Photo Archive
22 August 11:00 AM Liva Group to expand in Saudi market via merger with Malath Insurance
Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …
Photo Archive
22 August 08:59 AM Phoenix Group, Tether to create UAE Dirham-pegged stablecoin
Abu Dhabi – Mubasher: Phoenix Group has collaborated with Tether, the largest company in the digital asset industry, to launch a stablecoin pegged to the UAE Dirham, according to a press release. Backed by Green Acorn Investments Limited, this …
Photo Gallery
21 August 12:30 PM Alsaif Gallery launches 7th branch in GCC countries
Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) has inaugurated its first branch in Qatar, located in the city of Doha. This branch, which is the 73rd for the company, covers an area of 1,392 square …
Photo Gallery
18 August 08:53 AM Bayanat, Yahsat launch UAE’s 1st SAR satellite
Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit. The two companies partnered with ICEYE to carry out the launch …
Photo Gallery
14 August 11:39 AM Agility Global records 2,156% leap in H1-24 net profit, shifts to nearly $30m profits in Q2
Abu Dhabi – Mubasher: Agility Global, a multi-business operator with a global footprint in over 70 countries, has achieved a net profit of $60.30 million in the first half (H1) of 2024. The semi-annual results marked a 2,156% jump from $2.70 …
Photo Archive
14 August 11:33 AM Ithmaar Holding’s profits hike in H1-24; accumulated losses hit 110% of capital
Mubasher: The net profits of Ithmaar Holding, which is listed on Bahrain Bourse as well, increased to $18.48 million in the first half (H1) of 2024 from $4.35 million in H1-23. The company posted a total income amounting to $473.97 million in …
Photo Gallery
12 August 06:00 PM GFH announces 11% annual increase in H1-24 net profit to owners; total income surpasses $332m
Mubasher: The cross-listed Bahraini firm GFH Financial Group generated net profits to the shareholders worth $60.75 million in the first half (H1) of 2024, which came 11.20% higher than $54.62 million in H1-23. The earnings per share (EPS) rose by …
Photo Archive
30 July 03:45 PM ADIB Securities launches ADIBS Global in US market
Abu Dhabi – Mubasher: ADIB Securities, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB), allowed trading in the US market as the first UAE Sharia-compliant broker. The newly updated trading platform, ADIBS Global, provides investors with …
Photo Gallery
29 July 03:41 PM du, Nokia upgrade 5G uplink performance in MEA
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has achieved a significant milestone in advancing 5G technology in the Middle East and Africa (MEA) in partnership with Nokia and MediaTek. A recent trial boosted uplink (UL) …
Photo Gallery
24 July 08:50 AM Saudi Arabia to host Middle East LPG Expo 2024
Riyadh – Mubasher: Middle East LPG Expo - Saudi Arabia 2024 is set to take place during 10-11 September 2024, according to a press release. LPG Expo, a leading exhibition and conference organiser in the liquefied petroleum gas (LPG) industry, …
Photo Archive
23 July 09:58 AM GFH raises stake in GFH Equities to over 76.5%
Mubasher: GFH Financial Group has increased its equity ownership in GFH Equities, previously known as GBCorp, by 12.50% during July 2024. Following the transaction, the cross-listed group holds a majority stake of 76.63%, according to a press …
Photo Gallery
21 July 10:09 AM RAKBANK issues 1st publicly traded Social Bond in GCC
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed the issuance of its five-year Euro Medium-Term Note (EMTN) bond under its Social Finance Framework. The lender offered a $600 million issue, which was oversubscribed …
Photo Gallery
15 July 11:09 AM ADES Holding secures $3bn dual-currency debt facility from local, regional listed entities
Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …
Photo Gallery
8 July 12:54 PM NBK seals 5-year deal to deploy Super iPaaS solution in Middle East
Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …
Photo Gallery
8 July 11:07 AM GFH Partners launches new fund to expand in US
Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has launched and closed its seventh logistics and industrial fund in the US, according to a press release. The portfolio includes 25 industrial and transportation logistics …
Photo Archive
7 July 11:13 AM BinDawood, Regional Group ink MoU to open 8 branches in Qatar
Riyadh – Mubasher: BinDawood Holding Company has signed a non-binding memorandum of understanding (MoU) with Regional Group Company in Qatar for commercial franchise rights to open eight branches under BinDawood brand in Qatar. The deal comes in …
Photo Archive
2 July 04:43 PM Act Financial seeks stakes in real estate, logistics companies – Managing Partner
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is planning to acquire stakes in real estate, healthcare, and logistics companies, Managing Partner Mostafa Abdelaziz told Mubasher in an interview. The company is finalising procedures …
Photo Archive
1 July 03:21 PM ITIDA, Telecom Egypt, Nokia to expand ICT services in MEA
Cairo – Mubasher:  The Information Technology Industry Development Agency (ITIDA) signed a memorandum of understanding (MoU) with Telecom Egypt and Nokia, according to a press release. The agreement, which was inked during the Egypt-EU Investment …
Photo Gallery
26 June 05:11 PM Saudi Tadawul Group completes strategic stake acquisition in DME; rebranding unveiled for regional presence
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has sealed the acquisition of 32.60% strategic equity in DME Holdings Limited, a leading international commodities exchange, according to a press release on 26 June 2024. Following the equity …
Photo Gallery
26 June 02:20 PM Mashreq Bank expands global footprint via partnership with Oracle
Dubai – Mubasher: Mashreq Bank has extended its partnership with Oracle Financial Services to back its growth plans worldwide, according to a press release. The lender will replace its core systems with Oracle solutions to streamline and enhance …