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16 June 06:46 AM

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9 February 2025 05:41 PM Regional, global firms unveil $14.8bn tech investments at LEAP 2025
Riyadh - Mubasher: Saudi and international companies announced tech investments at a combined value of $14.85 billion on the first day of the LEAP 2025 conference, which is taking place during 9-12 February. Aramco Digital, a subsidiary of Saudi …
Companies Investments
Saudi Telecom Company
9 February 2025 05:21 PM stc partakes as Strategic Partner at LEAP 2025 to boost digital transformation worldwide
Riyadh – Mubasher: Saudi Telecom Company (stc) is joining the LEAP 2025 leading event as a strategic, founding partner to showcase an expansive suite of innovative solutions driving digital transformation across key industries, according to a …
Event
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9 February 2025 11:09 AM Global tech event LEAP 2025 kicks off in Saudi Arabia
Riyadh – Mubasher: The fourth edition of the LEAP 2025 Tech Conference kicked off on Sunday, 9 February, at the Riyadh Exhibition and Convention Center in Malham under the theme ‘Into New Worlds’. Held by the Ministry of Communications and …
Event
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6 February 2025 05:03 PM Retail event 2025 RLC Global Forum concludes in Saudi Arabia
Riyadh – Mubasher: The 2025 RLC Global Forum wrapped up in Riyadh on 5 February after two days of high-level discussions, bringing together leaders from across the retail value chain, according to a press release. The event brought together …
Global Economy
Capital Markets Forum Riyadh 2025
6 February 2025 03:26 PM Riyadh to host 5th Capital Markets Forum under Powering Connections theme
Riyadh – Mubasher: Saudi Tadawul Group has announced its flagship event Capital Markets Forum (CMF) which will take place for three days in Riyadh under the theme ‘Powering Connections’, according to a press release. The event will be held under …
Global Economy
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6 February 2025 07:18 AM Al Ramz drives regional expansion by supporting market-making operations in Oman
Dubai – Mubasher: The Muscat Stock Exchange (MSX) granted Al Ramz Corporation Investment and Development a market maker licence to support its regional expansion strategy, according to a press release. This move anchors Al Ramz’s position as a key …
Companies Investments
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5 February 2025 04:08 PM UAE, Saudi Arabia lead MENA’s e-commerce growth in 2024
Mubasher: The e-commerce sector in the MENA region, valued at $1.80 billion, grew by 30% in 2024, according to a joint report by Flowwow and Admitad. The market witnessed online orders growth in 2024, with 7% increases in the UAE and 9% in Saudi …
Global Economy
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5 February 2025 03:52 PM Beltone VC collaborates with LNKO to boost expansion plans
Cairo – Mubasher: Beltone Venture Capital (VC), a subsidiary of the listed Beltone Holding, has made a strategic equity investment in LNKO, a trendsetting omni-channel D2C eyewear startup. The partnership comes as part of Beltone VC’s ongoing …
Global Economy
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4 February 2025 05:47 PM qeen.ai secures largest seed investments in MENA; total funding reaches $12m
UAE – Mubasher: Dubai-based AI startup qeen.ai has raised one of the largest seed investments in the MENA region to date, securing $10 million in funding, according to a press release. The fundraising transaction was led by Prosus Ventures, with …
Companies Investments
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3 February 2025 07:11 PM Myne secures $2m funding to fuel expansion in MENA
UAE – Mubasher: UAE-based fintech Myne has closed a $2 million pre-seed funding round, led by Scene Holding, Raz Holding, with participation from Plus VC, the most active VC in the MENA. The funding will support Myne’s strategy of redefining how …
Companies Investments
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3 February 2025 05:56 PM BKN301 launches regional office in Qatar to foster MENA’s digital solutions
Mubasher: BKN301 Group, a London-based banking as a service (BaaS) technology provider, has launched an office in Qatar, serving as the company’s regional headquarters (HQ) for the MENA region. This move aligns with BKN301’s development strategy …
Banking and Finance
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3 February 2025 02:31 PM ADNOC mulls creating global polyolefins group
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has confirmed negotiations with OMV AG about setting up a new global polyolefins group, according to a bourse filing. ADNCO proposed acquiring Nova Chemicals Corporation from Mubadala …
Companies Investments
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3 February 2025 10:27 AM ADNOC’s TA’ZIZ unveils world’s largest methanol plants via $1.7bn award
UAE – Mubasher: TA’ZIZ, a joint venture (JV) between ADNOC and ADQ, has awarded a contract worth $1.70 billion (AED 6.20 billion) to SAMSUNG E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City. The …
Companies Investments
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2 February 2025 08:27 PM Egyptian startup Simplex raises $13m investment to build CNC factory in Saudi Arabia
Mubasher: Simplex, an Egypt-based startup in the field of computer numerical control (CNC) machine manufacturing, secured $13 million to open a factory on a 20,000 square-metre site in Riyadh, according to a press release. The establishment of the …
Companies Investments
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2 February 2025 00:50 PM NMDC Energy delivers 80% higher net profits in 2024 due to global expansion
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), registered AED 1.40 billion in net profit during the 12-month period that ended on 31 December 2024. The annual earnings were higher by 80% than AED 780.42 …
Financial Results
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2 February 2025 09:27 AM Mashreq Bank’s regional growth motivates over AED 9bn profits in 2024
Dubai – Mubasher: The net profits after tax of Mashreq Bank grew by 4% year-on-year (YoY) to AED 9.01 billion in 2024 from AED 8.67 billion, according to the financial results. Total operating income witnessed an annual increase of 24% to AED …
Global Economy