Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has explored the possibility of becoming a cornerstone investor in SpaceX’s initial public offering (IPO) on the Nasdaq stock exchange, according to a press release. With a reported …
Riyadh - Mubasher: OPEC+ has agreed a fourth raise in its combined crude oil production targets by 188,000 barrels per day (bpd) in July 2026, according to Reuters. The US-Iran conflict has cut oil flows via the Strait of Hormuz, disabling key …
Riyadh - Mubasher: Saudia, the national flag carrier of Saudi Arabia, ranked first among airlines worldwide for on-time performance in May 2026, recording a 92.30% on-time departure rate and a 90.12% on-time arrival rate during the month, as per …
Riyadh - Mubasher: Standard Chartered has received approval from the Capital Market Authority (CMA) for its subsidiary, Standard Chartered Capital Saudi Arabia, to conduct investment management and fund operations activities in the Kingdom, …
Riyadh – Mubasher: Riyadh Air has launched five new destinations that include Cairo, Dubai, Jeddah, Madrid, and Manchester, reinforcing air connectivity between Riyadh and several of the world’s prominent economic, tourism, and cultural hubs. The …
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) and Talaat Moustafa Group Saudi for Real Estate Development (TMG), the Saudi branch of leading Egyptian real estate developer TMG, have entered into a Memorandum of Understanding (MoU) …
Riyadh - Mubasher: Saudi Arabia’s investments in strategic infrastructure have helped safeguard global energy security and strengthen the Kingdom’s position as a reliable economic partner, Assistant Minister of Investment Ibrahim Al Mubarak said. …
UAE – Mubasher: Lunate, an Abu Dhabi-based global investment firm, has launched the GCCDIV ETF to serve as the first-of-kind Sharia-compliant exchange traded fund (ETF) in the Gulf region, according to a press release. GCCDIV ETF is scheduled to …
Riyadh - Mubasher: Saudia received its first Airbus A321XLR, becoming the first airline in the Middle East and Africa (MEA) region to operate the extra-long-range narrow-body aircraft. The delivery marks a key milestone in the airline’ fleet …
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) has introduced a new “SRS” shipping service by Emirates Shipping Line to Jeddah Islamic Port, according to the Saudi Press Agency (SPA). The addition is expected to strengthen the Kingdom’s …
Riyadh – Mubasher: Nahdi Medical Company entered into a partnership with Checkout.com to integrate its payment acquiring and processing technology into the company’s online platforms, according to a press release. The collaboration aims at …
Riyadh – Mubasher: Saudia, the Kingdom’s national flag carrier, entered into a special prorate agreement (SPA) with Myanmar Airways International to expand travel options, according to a press release. The deal enables guests to book travel on a …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has announced the publication of draft amendments to its Exchange Rules for public consultation, focusing on the development of the Sukuk and debt markets in the Kingdom. The proposed changes aim to …
Riyadh - Mubasher: Saudi Arabia’s mergers and acquisitions (M&A) market continues to show resilience despite ongoing geopolitical uncertainty across the region, according to Ansarada’s latest Middle East M&A analysis report. In the first quarter …
Riyadh - Mubasher: The Ministry of Human Resources and Social Development (HRSD) has announced the implementation of a decision to increase the Saudization rate to 70% in procurement-related professions in the private sector, effective 31 May …
Riyadh – Mubasher: Alkhabeer Capital, a Saudi-based asset manager and investment firm, has been recognized by Great Place to Work Middle East as the Best Workplace in Saudi Arabia’s financial sector for the 14th consecutive year, according to a …
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved the public offering of the Al Rajhi GCC Equity Income Fund, which will be managed and offered by Al Rajhi Capital, a subsidiary of Al Rajhi Bank. The approval allows the fund to be …
Riyadh – Mubasher: Saudia plans the delivery of 12 new aircraft throughout 2026, supporting its fleet expansion strategy to boost operational efficiency and enhance global connectivity, according to a press release. The continued fleet expansion …
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has obtained the final approval from the Saudi Insurance Authority (IA) to market and sell its new Tourist Insurance product, according to a bourse filing. The insurance solution is …
Riyadh – Mubasher: The Saudi market has been defined by strategic recalibration, steady structural demand drivers, and continued investor confidence during the first quarter (Q1) of 2026 despite a more complex regional economic backdrop, according …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Petroliam Nasional Berhad (Petronas) have signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. …
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) and Ericsson have marked 20 years of collaboration in supporting connectivity for pilgrims during Hajj season, enhanced with expanded 5G capacity and AI-based capabilities this year. The …
Mubasher: General Motors (GM) Africa and Middle East unveiled senior leadership appointments in its commercial operations that will become effective on 1 June 2026, according to a press release. Rohan Fernandes, who is currently in the position of …
Riyadh – Mubasher: Saudi Telecom Company (stc) Group provided pilgrims during this year’s Hajj season with a comprehensive suite of technical and digital infrastructure in the holy sites, according to a press release. The telecom operator aimed at …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt and a subsidiary of the UAE listed FAB, recently entered into a strategic partnership agreement with leading fintech company across the Middle East …
