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26 November 09:34 PM

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5 hours ago ADES Holding acquires Shelf Drilling to fuel global expansion
Riyadh - Mubasher: ADES Holding Company has acquired Shelf Drilling Limited through a cash merger, anchoring the Saudi group’s position as a global leader in offshore drilling. ADES Holding currently has a combined fleet of 83 offshore units and …
Companies Investments
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10:08 AM GFH Partners acquires majority stake in Devmark to foster GCC residential ecosystem
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, owned a majority shareholding in Devmark Real Estate Brokers L.L.C, the UAE’s leading real estate development project sales and marketing platform. The transaction marks GFH Partners’ …
Real estate
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24 November 12:07 PM GB Corp’s unit secures EGP 5bn syndicated credit facility to fuel expansion
Cairo – Mubasher: Drive Finance, a subsidiary of GB Corp, signed a syndicated credit facility valued at EGP 5 billion, according to a press release. The facility is part of the company's strategy to diversify its funding sources and support its …
Companies Investments
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23 November 07:04 PM AD Ports attracts AED 1.1bn investments from two Indian companies
Abu Dhabi – Mubasher: KEZAD Group, part of Abu Dhabi Ports Company (AD Ports), has signed two land lease agreements of more than AED 1.10 billion investments with two leading Indian business groups, Jindal SAW Group and Haldiram Group. The two …
Companies Investments
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23 November 10:13 AM GCC-focused LuLu Retail opens new mini market in Dubai
Abu Dhabi - Mubasher: Lulu Retail Company, the largest pan-GCC full-line retailer, has opened a new mini market in Dubai, according to a press release. Located in Oud Metha, the new launch supports LuLu’s ongoing commitment to expanding its retail …
Companies Investments
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20 November 07:31 PM AD Ports acquires PIF-owned SEIC’s stake in Alexandria Containers for EGP 13.2bn
Mubasher: Abu Dhabi Ports Company (AD Ports) has purchased the Saudi Egyptian Investment Company’s (SEIC) ownership in Alexandria Containers and goods in a deal valued at EGP 13.23 billion.  The ADX-listed group acquired a 19.32% stake in …
Global Economy
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20 November 11:57 AM Aramco inks agreements worth over $30bn with US-based companies
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco), through its Aramco Group Companies has signed 17 memoranda of understanding (MoUs) and agreements at an estimated total value exceeding $30 billion with major companies in the US, according to …
Companies Investments
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20 November 06:03 AM Channels by stc, ABANA bower telecom services at Seamless KSA 2025
Riyadh – Mubasher: Channels by Saudi Telecom Company (stc) and ABANA signed an agreement to provide installation services across various telecommunications and information technology fields. The two companies aim to deliver management and …
Global Economy
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20 November 06:01 AM ONFTECH teams up with Emirates NBD to boost innovation at Seamless KSA 2025
Mubasher: Turkish fintech company ONFTECH signed a memorandum of understanding (MoU) with Emirates NBD to promote compliance technology in Saudi Arabia. The two entities inked the MoU during the Seamless Saudi Arabia 2025 event, which concluded …
Global Economy
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20 November 05:51 AM Channels by stc, RAMA Technologies to reinforce AI-driven ecosystem
Riyadh – Mubasher: Channels by Saudi Telecom Company (stc) and RAMA Technologies, specialized in AI and data analytics solutions, signed a cooperation agreement at the Seamless Saudi Arabia 2025 forum. The two parties will bolster the smart …
Event
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20 November 05:41 AM Channels by stc empowers business sector via partnership with Samsung at Seamless KSA
Riyadh – Mubasher: Channels by Saudi Telecom Company (stc) penned a strategic agreement with Samsung Saudi Arabia to launch the latest display solutions tailored for the Saudi business sector. This includes the world’s largest B2B LCD screen, in …
Global Economy
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20 November 05:30 AM ONFTECH, STC Bank partner at Seamless KSA 2025 to promote digital transformation
Riyadh – Mubasher: ONFTECH, an esteemed international software development company specializing in fintech solutions, signed a memorandum of understanding (MoU) with STC Bank during Seamless Saudi Arabia 2025. The agreement will enable the two …
Global Economy
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17 November 12:33 PM MENA-focused GFH records 14.5% higher total income in 9M-25
Mubasher: GFH Financial Group logged a net profit attributable to shareholders valued at $101.27 million in the first nine months (9M) of 2025, an annual rise of 15.10% from $87.95 million. The earnings per share (EPS) hiked by 16.50% to US Cents …
Financial Results
stc at TOURISE 2025
13 November 03:59 PM stc unveils digital solutions for tourism at global event TOURISE 2025
Riyadh – Mubasher: Saudi Telecom Company (stc) has showcased a suite of digital solutions for the tourism sector as the official sponsor of TOURISE 2025, which took place on 11-13 November, according to a press release. The inaugural edition of …
Event
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12 November 07:47 PM IHC’s reinsurance arm RIQ partners with Masdar under global-reach MoU
UAE – Mubasher: RIQ, a subsidiary of International Holding Company (IHC) and the recently launched AI-native reinsurance platform for the future of global risk transfer, has signed a memorandum of understanding (MoU) with Abu Dhabi Future Energy …
Companies Investments
Ahmad O. Al Khowaiter, Aramco Executive Vice President of Technology and Innovation, at MECC
12 November 01:53 PM Aramco unveils over $1bn MoU agreements during region’s MECC
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has announced 28 memoranda of understanding (MoUs) totaling more than $1 billion for proposed R&D collaborations in advanced materials and technologies, according to a press release. The …
Global Economy
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10 November 11:11 AM Flynas records SAR 6bn revenues in 9M-25 supported by global expansions
Riyadh - Mubasher: Flynas company shifted to net losses valued at SAR 594.43 million in the first nine months (9M) of 2025, against net profits of SAR 492.62 million in 9M-24. Meanwhile, the revenues grew by 2.91% to SAR 6.06 billion in 9M-25 from …
Financial Results
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5 November 05:23 PM ADNOC Drilling fosters GCC expansion via stake acquisition in MB Petroleum Services
Abu Dhabi – Mubasher: ADNOC Drilling Company has entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), according to a press release. Subject to regulatory approvals, the transaction marks its second acquisition in the …
Global Economy
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4 November 02:30 PM Al Ramz Corporation’s profits soar in 9M-25 due to regional expansion plans
Dubai - Mubasher: Al Ramz Corporation Investment and Development recorded net profits valued at AED 32.38 million in the first nine months (9M) of 2025, higher by 252% than AED 9.20 million in 9M-24. Basic and diluted earnings per share (EPS) …
Financial Results
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3 November 02:30 PM Beltone Venture Capital exits Morocco’s Cathedis with high return
Cairo – Mubasher: Beltone Venture Capital, a subsidiary of the listed Beltone Holding, has exited from Morocco’s leading last-mile delivery and logistics platform Cathedis, achieving an exceptional 100% Internal Rate of Return (IRR). This …
Global Economy
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2 November 06:36 PM SAL marks 1st international expansion via partnership with TAM Group
Riyadh - Mubasher: SAL Saudi Logistics Services Company has signed a strategic partnership deal with TAM Group to enhance air cargo operations between Saudi Arabia and China. The deal marks SAL’s first international expansion and entry into the …
Global Economy
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2 November 11:19 AM ADES Holding resumes contracts in Saudi Arabia to meet global demands
Riyadh - Mubasher: ADES Holding Company has received resumption notices for one of its offshore contracts and several onshore contracts in Saudi Arabia. Expected to commence in January 2026, the offshore contract aims to meet its client’s needs, …
Global Economy
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2 November 11:11 AM Future Vision pens deal to organize MENATox 2026 World Congress
Riyadh - Mubasher: Future Vision for Health Training Company signed a cooperation agreement with the Clinical Toxicology Association in the MENA region at a value of SAR 3 million. The listed company will implement the MENATox 2026 World Congress …
Companies Investments
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30 October 05:31 AM Phoenix Group records $92m revenues in 9M-25, accelerates global expansion plans
Abu Dhabi - Mubasher: Phoenix Group incurred net losses attributable to shareholders worth $299.13 million in the first nine months (9M) of 2025, versus net profits of  $169.84 million in 9M-24. Revenues dropped to $92.32 million in 9M-25 from …
Financial Results
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29 October 09:30 AM Aramco eyes minority stake in PIF-owned HUMAIN to reinforce AI capabilities globally
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) signed a non-binding term sheet with the Saudi Public Investment Fund (PIF) to acquire a minority stake in HUMAIN, according to a press release. The oil giant aims to advance a full range of AI …
Global Economy