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20 November 2025 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 2025 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 …
Companies Investments
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20 November 2025 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 2025 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 …
Event
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17 November 2025 00:33 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 …
Global Economy
stc at TOURISE 2025
13 November 2025 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 …
Companies Investments
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12 November 2025 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 …
Global Economy
Ahmad O. Al Khowaiter, Aramco Executive Vice President of Technology and Innovation, at MECC
12 November 2025 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 …
Event
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10 November 2025 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 …
Global Economy
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5 November 2025 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 …
Companies Investments
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4 November 2025 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 2025 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 …
Companies Investments
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2 November 2025 06:43 PM EFG Hermes advises Jahez on $245m majority stake acquisition in Qatar’s Snoonu
Cairo - Mubasher: EFG Hermes, an EFG Holding company, acted as the buy-side advisor to Jahez International Company for Information Systems Technology (Jahez) on its $245 million acquisition of a 76.56% stake in Snoonu Holding Company (Snoonu). The …
Companies Investments
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2 November 2025 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 2025 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, …
Companies Investments
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2 November 2025 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 …
Global Economy
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30 October 2025 11:31 AM Ooredoo records QAR 3bn net profits in 9M-25
Mubasher: National Mobile Telecommunications Company (Ooredoo) registered net profits attributable to the shareholders worth QAR 3.08 billion in the first nine months (9M) of 2025. The earnings are higher by 6% year-on-year (YoY) than QAR 2.92 …
Financial Results
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30 October 2025 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 …
Global Economy
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29 October 2025 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 …
Companies Investments
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27 October 2025 01:19 PM Al Majed for Oud strengthens regional footprint via branch in ADGM
Riyadh - Mubasher: The board of Al Majed for Oud Company has approved the establishment of a branch in the Abu Dhabi Global Market (ADGM) to reinforce its regional presence, according to a bourse disclosure. Al Majed for Oud will adhere to the …
Companies Investments
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21 October 2025 11:49 AM Lulu Retail expands Saudi presence with new hypermarket in Riyadh
Mubasher: Lulu Retail Holdings has opened a new 63,995-square-foot hypermarket in Tuwaiq, Riyadh, as part of its 2025 expansion strategy. The new branch offers fresh produce, groceries, electronics, fashion, home essentials, and ready-to-eat …
Global Economy
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20 October 2025 07:08 AM Vulcan expands GenAI solutions in MENA via partnership with Presight
Abu Dhabi - Mubasher: The Vulcan innovative GenAI security solutions announced strategic partnerships at the GITEX Global 2025 conference to expand across the MENA region. Through the Presight AI-Startup Accelerator, leading members of the G42 …
Global Economy
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19 October 2025 08:18 AM ACWA Power’s affiliate closes SAR 10.8bn financing for Qurayyah CCGT IPP project
Riyadh - Mubasher:  Hajar Two Electricity Company, an affiliate of ACWA Power company, has achieved financial close of the Qurayyah CCGT IPP expansion project in the Eastern province of Saudi Arabia at an amount of SAR 10.80 billion ($2.90 …
Banking and Finance
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19 October 2025 07:59 AM Emirates NBD reinforces global position via $3bn stake in India’s RBL Bank
Dubai - Mubasher: Emirates NBD entered into definitive agreements to acquire a controlling stake in India-based RBL Bank Limited through a primary infusion of approximately $3 billion. The proposed transaction aligns with the DFM-listed bank’s …
Companies Investments
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16 October 2025 05:56 AM Aramex partners with AWS to transform global IT infrastructure.
Dubai - Mubasher: Aramex has migrated its Oceania data center (DC) to Amazon Web Services (AWS) cloud, marking the beginning of its extensive global IT modernization journey. The move aims to enhance operational agility, resilience, and …
Global Economy