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03 January 04:22 AM

Gulf news

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1 January 08:44 PM Remarks during Al Zeyoudi visit pinpoint UAE as Egypt's leading trade partner in GCC; non-oil trade hits $8.4bn
Mubasher: The non-oil trade between the UAE and Egypt reached approximately $8.40 billion in 2024, reflecting a 21% growth rate compared to 2023. This trade relationship underscores the importance of the UAE as Egypt's leading trade partner in the …
International Agreements
Waha Capital
1 January 08:14 PM Waha Capital joins region’s 1st dedicated income-focused benchmark equity gauge
Abu Dhabi – Mubasher: Waha Capital has been included in the recently launched FTSE ADX Dividend Stars Index, the first dedicated income-focused benchmark equity gauge across the region, according to a press release.  Launched in December 2025 by …
Cash Dividends
Social Development Bank (SDB) Building
1 January 07:46 PM Social Development Bank achieves all 2025 funding goals with SAR 8bn
Riyadh – Mubasher: The Social Development Bank (SDB) stated it has met all the objectives for 2025 in financing and development support, alongside expanding its non-financial services with a total amount approaching SAR 8 billion. Achieving …
Banking and Finance
Tariq Nazzal, CEO of Royal Development Holding
1 January 06:09 PM Emirates Stallions names Nazzal as CEO of property development subsidiary
Abu Dhabi – Mubasher: Emirates Stallions Group has appointed Tariq Nazzal as the CEO of its real estate vertical Royal Development Holding, a premier UAE-based real estate development firm, according to a press release. The appointment followed …
Management Decisions
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 …
Global Economy
Photo Archive
31 December 2025 05:04 PM Umm Al Qura signs SAR 500m revolving credit facility with Al Rajhi Bank
Riyadh – Mubasher: Umm Al Qura for Development and Construction inked a SAR 500 million revolving credit facility agreement with Al Rajhi Bank to finance general working capital requirements. The company obtained the Sharia-compliant loan on 30 …
Companies Investments
Photo Archive
31 December 2025 04:01 PM Makkah Construction inks SAR 980m purchase deal
Riyadh - Mubasher: Makkah Construction and Development Company purchased a land plot in Makkah from Entrustment and Liquidation Center (infath) at SAR 980 million, according to a bourse filing. Located on Ajyad Street in Makkah, the land spans …
Real estate
Photo Archive
31 December 2025 03:02 PM Alkhorayef Water awarded SAR 155m project contract
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has awarded a SAR 155.09 million contract with Jeddah Amana Municipality on 30 December for 60 months. The project will reflect on the listed company’s financials during the second …
Companies Investments
Photo Archive
31 December 2025 00:47 PM Bupa Arabia wins SAR 330m insurance deal with SNB
Riyadh - Mubasher: Bupa Arabia for Cooperative Insurance Company awarded a SAR 330.20 million contract from the Saudi National Bank (SNB) on 30 December 2025, according to a bourse filing. The company will provide health insurance services to the …
Banking and Finance
Photo Archive
31 December 2025 00:31 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 …
Mutual Funds
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31 December 2025 10:36 AM Merak Capital invests SAR 203m in DSShield to build cybersecurity platform
Riyadh - Mubasher: Merak Capital, a Saudi investment firm licensed by the Capital Market Authority (CMA), has invested SAR 203 million ($54 million) in DSShield, one of the Kingdom’s fastest-growing cybersecurity companies. The investment will be …
Companies Investments
Photo Archive
30 December 2025 05:51 PM Alramz Real Estate to establish SAR 2.5bn fund
Riyadh - Mubasher: Alramz Real Estate Company inked an agreement, on 29 December, to establish a Shariah-compliant real estate investment fund, managed by SNB Capital, according to a bourse filing. The deal aims to develop the Rabwa Alramz …
Companies Investments
What could be next target for Gold after hitting new historical peak?
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 …
Global Economy
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30 December 2025 04:08 PM Egypt secures $3.5bn under Alam Al-Roum development agreement with Qatari Diar
Cairo – Mubasher: Egypt has received $3.50 billion as part of an investment deal to develop a plot of land in the Samla and Alam Al-Roum area on the Northwest Coast, according to the Cabinet’s statement. This is upon the agreement signed between …
Companies Investments
Photo Archive
30 December 2025 03:46 PM Asas Makeen rolls out SAR 300m construction deal
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company and Hayat Construction Contracting Company inked a SAR 300 million deal to carry out construction work on several of the company's projects in Riyadh. Spanning 65,000 …
Companies Investments
Photo Archive
30 December 2025 03:24 PM Mayar Holding’s units pen SAR 88m financing with SAB
Riyadh – Mubasher: Gulf Elevators & Escalators Company and Jedaya Investment Company, subsidiaries of Mayar Holding Company, have signed facility agreements with Saudi Awwal Bank (SAB) at a total amount of SAR 87.98 million. The units aim to …
Sukuk and Islamic Finance
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30 December 2025 02:49 PM du, Huawei to deploy UAE’s 1st multi-band indoor 5G solution
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) entered into a partnership with Huawei to deploy the UAE's first customized multi-band Indoor Base Station (IBS) solution. This advanced technology marks a significant milestone …
Companies Investments
Photo Archive
30 December 2025 02:10 PM Southern Province Cement to pay SAR 35m dividends for H1-25
Riyadh – Mubasher: The board members of Southern Province Cement Company decided to distribute cash dividends worth SAR 35 million to the shareholders for the first half (H1) of 2025. The company will pay SAR 0.25 per share to 140 million eligible …
Board of Directors
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30 December 2025 02:00 PM SHL Finance obtains over SAR 427.5m loan from GIB
Riyadh - Mubasher: SHL Finance Company renewed its Sharia-compliant credit facility agreement valued at SAR 427.60 million with Gulf International Bank (GIB) on 29 December 2025. The loan is secured by a promissory note and receivables provided to …
Banking and Finance
Photo Archive
30 December 2025 11:31 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 …
Banking and Finance
Photo Gallery
30 December 2025 11:29 AM TAQA secures AED 3.6bn for Al Dhafra power plant
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Emirates Water and Electricity Company (EWEC) announced the financial closing of the AED 3.60 billion Al Dhafra Power Plant. The 1 GW plant will provide power to data center …
Companies Investments
What does EFG Hermes expect for MENA interest rates in 2026?
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 …
Sector Reports
Kuwait could be region’s black horse in 2026
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 …
Banking and Finance
Saudi Arabia's Riyadh
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 …
Sector Reports
Photo Gallery
29 December 2025 04:37 PM Jazeera Airways boosts regional aviation via MoU with Amman City Airport
Mubasher: Kuwait’s leading low-cost carrier Jazeera Airways has signed a strategic memorandum of understanding (MoU) with Amman City Airport to foster its regional aviation, according to a press release. Upon the partnership, Jazeera Airways is …
Global Economy