Top News

4 February 09:42 AM Catapult launches business in Saudi Arabia to expand in MENA

Riyadh - Mubasher: Catapult, the global full-service live experience agency, has launched its business in Saudi Arabia with the support of AstroLabs, the Gulf's leading business expansion platform. Founded in Dublin in 1999, Catapult participated …

Companies Investments

3 February 06:03 PM Air Cairo launches carrier's 1st international flight to Jeddah

Cairo – Mubasher: Air Cairo International Airport launched its first international flight to King Abdulaziz International Airport in Jeddah, the Ministry of Civil Aviation announced. This aligns with the government's strategy to maximize the …

Global Economy

3 February 12:10 PM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of investment funds as well as the price of each certificate in EGP, except for …

Banking and Finance

3 February 11:07 AM NMDC Energy’s regional operations drive AED 18.6bn revenues in 2025

Abu Dhabi – Mubasher: NMDC Energy generated AED 1.60 billion in net profit during 2025, higher by 14% than AED 1.40 billion in 2024. The basic and diluted earnings per share (EPS) recorded AED 0.32 at the end of 2025, up year-on-year (YoY) from …

Board of Directors

Makhazen, formerly Agility Public Warehousing Company

1 January 04:23 PM Cross-listed Makhazen announces leadership changes following rebranding

Mubasher: Makhazen, the Kuwait-based infrastructure, logistics, and industrial services company, has appointed Ahmad Al Banna as the CEO and Khaled Faisal Al Ghais as the Vice Chairman of the board, according to a press release. The appointments …

Board of Directors

2 February 06:29 PM GFH acquires majority stake in GCC-focused Byrne Equipment Rental

Mubasher: GFH Financial Group has purchased a 60% stake in Byrne Equipment Rental LLC, a leading GCC industrial services and equipment rental provider, with an investment and capital expenditure program valued at around $400 million. This …

Mergers and Acquisitions

2 February 11:38 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of investment funds as well as the price of each certificate in EGP, except for …

Mutual Funds

30 December 2025 05:38 PM What could be next target for Gold after hitting new historical peak?

Mubasher: The upward trend of Gold remains strong, with prices continuing to advance towards the possibility of recording a new historical peak near the level of $4,686 on the condition of maintaining trading above the previous $4,381 historical …

Trading Activities

1 February 09:46 AM Yozo.ai closes $1.7m funding round to expand e-commerce globally

UAE - Mubahser: UAE-based e-commerce AI startup Yozo.ai has secured $1.70 million in pre-seed funding, co-led by Access Bridge Ventures and Disruptech Ventures and joined by Arzan VC, Oraseya Capital, Plus VC, Suhail Ventures, Glint Ventures, and …

Global Economy

1 February 09:12 AM EvolutionX enters Gulf region via Dubai-based Kitopi

UAE - Mubahser: EvolutionX, the growth-stage private credit platform established by Temasek and DBS Bank, led a $50 million growth capital round raised by Kitopi, the Middle East’s leading next-generation F&B ecosystem. This marks the platform’s …

Companies Investments

29 December 2025 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 …

Global Economy

29 December 2025 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 …

Sector Reports

29 December 2025 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

Egypt’s market closes 2025 as best-performing in MENA

28 December 2025 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 …

Stock Evaluations

25 December 2025 06:57 PM Platinum is experiencing correction after hitting new historic peak – Analysis

Mubasher: Platinum is having a current corrective movement after breaking through the upward channel and reaching a historic peak at the $2,374.1 level, according to the recent analysis. The Relative Strength Index (RSI) has shown that platinum …

Trading Activities

25 December 2025 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 …

Real estate

25 December 2025 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 …

Board of Directors

28 January 10:33 PM Lam Research’s stock hits unprecedented levels

Mubasher: Lam Research (LRCX) continued its upward trend, reaching new all-time highs near $251.00. The price began its climb, supported by high trading volumes, closing yesterday's session at $241.80. Pre-session trading opened around $248.50. It …

Trading Activities

28 January 09:55 PM Apple’s stock stabilizes following post-record high correction

Mubasher: Apple (AAPL) shares pulled back after hitting an all-time high near $288.60 in December 2025, as investors took profits. The stock later found support around $243.75, where buying interest resurfaced along an upward trend line that has …

Stock Evaluations

28 January 09:36 PM Intel’s stock rebounds after Nvidia foundry deal

Mubasher: The stock of Intel (INTC) is moving in an upward trend, supported by a series of higher highs and lows. The stock recently experienced a strong correction from its peak of $55.35, successfully rebounding from a key support level near …

Global Economy

28 January 06:15 PM Dubai Insurance launches 1st crypto-enabled digital wallet in UAE

Dubai - Mubasher: Dubai Insurance Company has partnered with Zodia Custody to launch the first digital wallet for crypto assets in the UAE insurance sector, according to a press release. The new wallet enables secure receipt of insurance premiums …

Companies Investments

28 January 09:55 AM ADNIC fuels global expansion with branch in India

Abu Dhabi - Mubasher: Abu Dhabi National Insurance Company (ADNIC) is set to inaugurate branch in India, reinforcing its global expansion strategy, according to a press release. The Central Bank of the United Arab Emirates (CBUAE) greenlighted the …

Global Economy

28 January 07:02 AM Middle East-focused Property Finder secures $170m investment led by Mubadala

UAE - Mubahser: Property Finder has raised $170 million in new funding led by Mubadala Investment Company, alongside another UAE sovereign wealth fund and BECO Capital. The investment anchors Property Finder’s position as the region’s leading …

Mergers and Acquisitions

27 January 03:47 PM ACWA Power unveils new brand to drive global energy transition

Riyadh - Mubasher: ACWA Power Company unveiled a new brand identity that reflects its evolution from a Saudi pioneer to a global infrastructure platform serving people and communities, according to a press release. The rebranding aligns with the …

Global Economy

27 January 12:15 PM Emirates Islamic Bank’s regional business drives 26% YoY higher profits in 2025

Dubai - Mubasher: Emirates Islamic Bank generated net profits before tax valued at AED 3.90 billion in 2025, marking a 26% year-on-year (YoY) hike, according to the financial results. The bank’s performance reflects robust revenue growth across …

Banking and Finance

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