Stocks News

Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) has entered into a long-term strategic partnership with MENA’s leading shopping and financial services app Tabby to provide seamless payment solutions. The collaboration marks the …

Riyadh – Mubasher: Payment gateway provider in the MENA region HyperPay entered into strategic partnerships with prominent organisations at Seamless Saudi Arabia 2023 to help reshape the fintech landscape and elevate customer experiences, …

Riyadh – Mubasher: E-payment services provider OneCard has joined forces with Alinma Bank, listed on the Saudi Exchange (Tadawul), on the sidelines of Seamless Saudi Arabia 2023. The two entities signed a cooperation partnership agreement to …

Riyadh – Mubasher: American Express has joined forces with Saudi Awwal Bank (SAB) to launch a product that anchors small and medium-sized enterprises (SMEs). In an interview with Mubasher on the slides of the Seamless Saudi Arabia 2023 conference, …

Riyadh – Mubasher: Saudi Awwal Bank (SAB) has entered into an agreement with Wise Platform to offer fast, secure, and cost-effective solutions for sending and receiving money internationally. The partnership anchors SAB’s objectives to achieve the …

Riyadh – Mubasher: Online payment service provider OneCard and Tadawul-listed Saudi Awwal Bank (SAB) entered a partnership to endorse digital payment solutions. Under the joint agreement that was concluded on the first day of Seamless Saudi Arabia …

Riyadh – Mubasher: The DFM-listed Aramex has been applying automation to its services, a step that positively affected the way it offers shipping services in Saudi Arabia. In an interview with Mubasher during Seamless Saudi Arabia 2023, Osama …

Mubasher: Qatar National Bank (QNB) Group has opened its second branch in Saudi Arabia to boost its presence in the region. The new office is located in the port city of Jeddah, where the lender will offer solutions for its retail and corporate …

Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group witnessed a 23.79% growth in net profit after Zakat and tax to SAR 976.24 million during the first half (H1) of 2023 from SAR 788.64 million in H1-22. The earnings per share (EPS) …

Mubasher: International telecom firm Ooredoo has appointed Roni Tohme as the new CEO of Ooredoo Algeria to be effective 1 August 2023, according to a press release. Tohme has a Bachelor’s degree in Finance and Business Administration from the …

Mubasher: The net profits attributable to the shareholders of National Mobile Telecommunications Company (Ooredoo) increased by 20% to QAR 1.79 billion during the first half (H1) of 2023. The recorded net profits were compared with QAR 1.49 …

Mubasher: National Mobile Telecommunications Company (Ooredoo) has entered exclusive negotiations with Mobile Telecommunications Company (Zain Group) and UAE-based TASC Towers Holding to establish the largest tower firm in the MENA region. The …

Riyadh – Mubasher: The two listed Saudi entities Saudi Arabian Oil Company (Aramco) and Saudi Basic Industries Corporation (SABIC) have teamed up with French petroleum firm TotalEnergies and produced pyrolysis oil for the first time in the MENA …

Dubai - Mubasher: Emirates Integrated Telecommunications Company (du) has signed off on a teaming agreement with Alliance Networks to bring intra-regional high-capacity connectivity to potential clients in the region, according to a press release. …

Dubai – Mubasher: Emirates NBD has provided fractional bonds for individual investors to allow them to gain access to international bond markets with a minimum investment of $25,000. The DFM-listed lender became among the first banks in the MENA …

Mubasher: Milan-based advanced technological and engineering platform Saipem has been awarded two contracts at a value of nearly $1 billion for operations in the Middle East and Brazil. One of the deals covers engineering, procurement, …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) is doubling down on Asia’s growing demand for energy and chemicals, in addition to advanced materials, lubricants, and new lower carbon energy, President and CEO of Aramco, Amin Nasser, …

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) penned a binding offer with France-based Devoteam SAS and ORTLL Investment Limited to acquire a 40% stake in Devoteam Middle East (DME). In a bourse filing, the …

Abu Dhabi – Mubasher: e& enterprise, part of e&, has partnered with Maxbyte Technologies to deliver advanced solutions for Industry 4.0 in the MEA region, according to a press release. The two entities inked the agreement during the second edition …

Mubasher: e& and Bespin Global concluded the establishment of a joint venture (JV) that aimed to secure public cloud-managed and professional services across the Middle East, Turkey, Africa, and Pakistan (METAP). The ADX-listed company holds a 65% …

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes Holding) has successfully rebranded to EFG Holding to ensure the brand evolves in line with the group’s expansion across three verticals: EFG Hermes the investment bank, EFG …

Abu Dhabi – Mubasher: e&, formerly known as Etisalat Group, has entered into a strategic agreement with Vodafone Group to join forces in certain key areas of their businesses across Europe as well as the Middle East and Africa (MEA) region. The …

Mubasher: Kuwait-listed Jazeera Airways will commence operating direct flights to the Sphinx International Airport in Egypt on 16 May 2023. With the new route, the airline currently flies direct flights to seven cities in Egypt. This brings the …