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Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef
16 January 12:31 PM Mineral wealth security needed to drive global energy transition – Alkhorayef at FMF 2025
Riyadh – Mubasher: Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, urged securing supply chains for critical minerals across the region spanning Africa to West and Central Asia to boost global energy transition. …
Global Economy
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16 January 11:02 AM Tech investments expected to transform mining industry – Saudi ministers during FMF 2025
Riyadh – Mubasher: Saudi Minister of Finance, Mohammed bin Abdullah Al Jadaan, asserted the need to boost investments in the mining sector, Saudi Press Agency (SPA) reported. During the fourth edition of the Future Minerals Forum (FMF), Al Jadaan …
Event
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16 January 09:58 AM Badawi unveils Egypt’s plans to reshape gold mining sector during FMF 2025
Cairo – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi stressed the state’s commitment to explore the potential of gold mining, according to an official statement. On the sidelines of the fourth edition of the Future …
Companies Investments
Nasir Al Naimi, Aramco Upstream President
15 January 05:45 PM Aramco, Ma’aden announce transition minerals JV at FMF 2025
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Saudi Arabian Mining Company (Ma’aden) signed non-binding heads of terms to form a minerals exploration and mining joint venture (JV) in Saudi Arabia. The proposed JV plans were announced …
Companies Investments
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15 January 03:17 PM Egypt plans to bolster mining activities, project – Badawi at FMF 2025
Cairo – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi participated in the fourth edition of the Future Minerals Forum (FMF), according to an official statement. Held under the theme “Towards a Global General Agreement …
Companies Investments
Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources
15 January 12:43 PM Mining leads growing sectors globally with $2.5bn mineral potential – Alkhorayef at FMF 2025
Riyadh – Mubasher: Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, said the mining sector become one of the fastest growing sectors globally, with mineral potential estimated at $2.50 trillion. During the fourth edition of the …
Global Economy
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15 January 11:20 AM ASK Private Wealth expands global footprint via new DIFC office
UAE - Mubasher: ASK Private Wealth, the Wealth Management arm of Blackstone-backed ASK Asset and Wealth Management Group, has launched its operations in Dubai International Financial Centre (DIFC). The new office is expected to enable NRIs and …
Global Economy
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15 January 08:47 AM Saudi Arabia inks MoUs with 6 countries at Future Minerals Forum
Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources penned several memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth ministerial roundtable of the Future Minerals Forum (FMF). The …
Global Economy
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14 January 10:51 PM Future Minerals Forum set to unveil agreements worth billions at 4th edition
Riyadh – Mubasher: The highly-anticipated fourth edition of the Future Minerals Forum (FMF), which launched in the capital of Saudi Arabia on 14 January 2025, is expected to announce big agreements worth billions. The forum is featuring the …
Global Economy
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14 January 07:37 PM MENA-focused Sigma Capital launches $100m fund to boost global Web3 ecosystem
Mubasher: Sigma Capital, a leading Web3 early-stage venture asset manager, has launched $100 million Sigma Capital Fund I to accelerate the next wave of Web3 innovation in the Middle East and globally. The launch aligns with the UAE’s vital role …
Companies Investments
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14 January 06:48 PM CIRA Education launches Middle East’s 1st initiative for care economy
Cairo – Mubasher: Cairo for Investment and Real Estate Developments (CIRA Education) has launched CIRA Care to be the first initiative in the Middle East dedicated to revolutionising the care economy. The transformative project focuses on …
Global Economy
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14 January 06:02 PM Investindustrial launches office in Abu Dhabi to foster regional growth
UAE – Mubasher: Investindustrial, a leading European investment group with over €15 billion in raised fund capital, has inaugurated its Abu Dhabi office, to expand its regional business and back sustainable growth. Investindustrial has received …
Companies Investments
Future Minerals Forum
14 January 03:00 PM Future Minerals Forum 2025 kicks off in Saudi Arabia; international attendees partake
Riyadh – Mubasher: The Fourth Ministerial Roundtable meeting launched in Riyadh as part of the fourth edition of Future Minerals Forum (FMF), hosting government representatives from 90 countries of which 16 are G20 nations, according to a press …
Sector Reports
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14 January 12:51 PM Changan Automobile to expand regional, global business via AED 10bn investments
Mubasher: Changan Automobile signed a partnership agreement with EHang Holdings Limited to research and develop flying-car-related products in line with its plans to expand in the region. Holding a strong presence in the MEA region with cumulative …
Companies Investments
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14 January 11:42 AM NMDC Energy expands regional presence via AED 200m facility in Saudi Arabia
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has inaugurated its fabrication yard in the Ras Al Khair Special Economic Zone in Saudi Arabia, with an investment value of AED 200 million. This launch …
Companies Investments
Founders of Halo AI
14 January 09:37 AM Halo AI secures $6m funding to scale business across MENA
Riyadh – Mubasher: Saudi Arabia-based AI-powered networking platform Halo AI closed a $6 million Seed funding round led by Raed Ventures and Shorooq, along with other investors, according to a press release. The investment will fuel Halo AI's …
Companies Investments
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13 January 06:05 PM DSI, El Amar Group to expand business in Egypt, Saudi Arabia
Dubai – Mubasher: Drake & Scull International (DSI) has entered into a strategic memorandum of understanding (MoU) with El Amar Group to collaborate on key initiatives across Egypt and Saudi Arabia. This partnership aims to leverage the strengths …
Global Economy
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13 January 05:11 PM PIF acquires 23% shareholding in MENA-focused Saudi Re
Riyadh – Mubasher: The Public Investment Fund (PIF) has acquired a 23.08% stake in Saudi Reinsurance Company (Saudi Re) by way of a capital increase and subscription to new shares, according to a press release. PIF’s capital investment aims to …
Companies Investments
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13 January 03:53 PM Aramco pens $9bn agreements at iktva 2025 forum
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) signed 145 agreements and memoranda of understanding (MoUs) valued at around $9 billion, according to a press release. This came on the sidelines of the In-Kingdom Total Value Add (iktva) Forum …
Companies Investments
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13 January 02:00 PM Aldar secures largest sustainability-linked facility by property company in Middle East
Abu Dhabi – Mubasher: Aldar Properties has closed an AED 9 billion ($2.45 billion) sustainability-linked syndicated senior unsecured committed multi-tranche revolving credit facility (RCF). The facility marks the largest sustainability-linked, …
Global Economy
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13 January 11:13 AM Ooredoo names new Chairman for Kuwait
Mubasher: National Mobile Telecommunications Company (Ooredoo) has appointed Sheikh Nasser bin Hamad Al Thani as Chairman of Ooredoo Kuwait, according to a bourse disclosure. Al Thani was recently announced as the Group Regional CEO for the Middle …
Corporate Actions
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13 January 10:05 AM Ford reshapes region’s logistics landscape via new distribution centre in Dubai
UAE – Mubasher: Dubai South has partnered with DB Schenker to inaugurate a Parts Distribution Center (PDC) for Ford, according to a press release. The 42,000-square-metre facility, which leverages advanced Material Handling Equipment (MHE), …
Global Economy
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13 January 09:08 AM MAFI’s new industrial complex targets global markets; major banking alliance leads financing
Cairo - Mubasher: MAFI Agricultural Produce Industries secured long-term joint financing of $108 million from an alliance led by Banque Misr, Suez Canal Bank and Al Baraka Bank-Egypt. MAFI also obtained $72 million through equity investments from …
Global Economy
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12 January 09:21 PM GFH unveils investment in US-based Invenergy
Mubasher: Cross-listed GFH Financial Group has made an investment in Invenergy, the largest privately-held developer, owner, and operator of clean energy solutions, with headquarters (HQ) in the US. The transaction was carried out through …
Global Economy
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12 January 05:31 PM Multinational company LG launches business in Saudi Arabia
Riyadh – Mubasher: LG Electronics has launched its first brand shop in Saudi Arabia, expanding its retail presence in the Kingdom, according to a press release. Located in Khobar, this flagship store aligns with the company’s commitment to …
Companies Investments