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15 January 2025 08:25 PM Google Pay service to launch in Saudi Arabia upon agreement with SAMA
Riyadh – Mubasher: The Saudi Central Bank (SAMA) has entered into an agreement with Google to bring Google Pay to Saudi Arabia through the national payment system mada in 2025, according to an official statement. The new payment service will …
Macroeconomics
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15 January 2025 08:07 PM Dubai Investments expands Mirdif Hills project with AED 400m investment
Dubai – Mubasher: Dubai Investments has launched Asayel Avenue within the framework of its Mirdif Hills development at a total investment of AED 400 million, according to a press release. Through Dubai Investment Real Estate (DIR), the project is …
Real estate
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15 January 2025 07:43 PM AD Ports invests $30m in Sarzha Grain Terminal in Kazakhstan
Abu Dhabi – Mubasher: AD Ports Group has signed a foundation agreement with Semurg Invest LLP to construct a greenfield grain terminal at Kuryk Port in Kazakhstan, according to a press release. Under the agreement, AD Ports owns a 51% stake in the …
Companies Investments
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15 January 2025 06:06 PM Egypt’s petroleum minister discusses bilateral cooperation with Saudi AHQ
Riyadh – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with Sheikh Tareq Abdel Hadi Al Qahtani, Chairman of Abdel Hadi A. Al Qahtani & Sons Group of Companies (AHQ), during the In-Kingdom Total Value Add (iktva) …
Macroeconomics
Nasir Al Naimi, Aramco Upstream President
15 January 2025 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 …
Global Economy
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15 January 2025 03:28 PM Jamjoom Pharma partakes in 43rd J.P. Morgan Healthcare Conference 2025
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) is participating in the 43rd Annual J.P. Morgan Healthcare Conference that is taking place in the US, according to a press release. The conference is being held on 13-16 …
Companies Investments
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15 January 2025 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 …
Event
Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources
15 January 2025 00:43 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 …
Event
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15 January 2025 00:04 PM Al Jazira REIT’s net assets exceed SAR 90m in Q4-24
Riyadh – Mubasher: Al Jazira REIT recorded net assets value worth SAR 90.61 million in the fourth quarter (Q4) of 2024, Al Jazira Capital revealed in a bourse statement. Total assets value reached SAR 95.46 billion as of 31 December 2024. As of 5 …
Mutual Funds
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15 January 2025 11:48 AM CBI’s pre-tax profits hike 30% in 2024
Abu Dhabi – Mubasher: Commercial Bank International (CBI) achieved a pre-tax profit of AED 222.70 million as of 31 December 2024, reflecting a 30% year-on-year (YoY) growth, according to a press release. Total revenues surged by 29% YoY to AED 703 …
Banking and Finance
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15 January 2025 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 …
Companies Investments
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15 January 2025 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 2025 11:17 PM ACWA Power makes debut into China's renewables market
Riyadh – Mubasher: ACWA Power has announced its formal entry into China's renewable energy market with investment agreements for over 1-gigawatt (GW) of projects across multiple provinces. This milestone marks a key step in ACWA Power's China …
Companies Investments
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14 January 2025 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
Global Lighthouse Network of the World Economic Forum
14 January 2025 09:57 PM Aramco unveils 5th facility to receive WEF lighthouses network status
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has announced that North Ghawar Oil Producing Complex became Aramco’s fifth facility to be added to the Global Lighthouse Network of the World Economic Forum (WEF), according to a press …
Companies Investments
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14 January 2025 08:04 PM AlAhli REIT Fund 1 registers SAR 1.1bn assets to unitholders in Q4-24
Riyadh – Mubasher: AlAhli REIT Fund 1 recorded net assets attributable to unitholders value at SAR 1.19 billion in the fourth quarter (Q4) of 2024. Total assets amounted to SAR 1.99 billion, SNB Capital announced in a bourse disclosure. AlAhli …
Companies Investments
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14 January 2025 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 2025 06:49 PM IFZA partners with ADIB to advance digital banking services in UAE
Abu Dhabi – Mubasher: IFZA signed a memorandum of understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to offer seamless support and advanced financial solutions to businesses within its ecosystem. The two parties will team up to provide quick …
Companies Investments
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14 January 2025 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 2025 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
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14 January 2025 04:44 PM Waja obtains SAR 16m funding from Alinma Bank
Riyadh – Mubasher: Waja Company secured a Sharia-compliant financing agreement worth SAR 16 million from Alinma Bank, according to a bourse disclosure. The company obtained the one-year funding on 30 December 2024 to finance letters of credit as …
Companies Investments
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14 January 2025 04:10 PM Taleem REIT Fund’s total asset value hits SAR 857.5m in 2024
Riyadh – Mubasher: BSF Capital announced that Taleem REIT Fund’s total asset value amounted to SAR 857.52 million at the end of December 2024. Meanwhile, the fund unit’s net asset value stood at SAR 549.27 million, according to a bourse statement. …
Mutual Funds
Future Minerals Forum
14 January 2025 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 …
Macroeconomics
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14 January 2025 02:49 PM Alkhabeer Capital unveils REIT Fund’s income results for 2024
Riyadh – Mubasher: Alkhabeer REIT Fund’s total capital reached SAR 1.41 billion as of 31 December 2024, Alkhabeer Capital announced in a bourse disclosure. Total asset value hit SAR 2.03 billion at the end of 2024, while the net asset value stood …
Financial Results
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14 January 2025 01:50 PM Al Rajhi REIT Fund’s total assets reach SAR 3.1bn in Q4-24
Riyadh – Mubasher: Al Rajhi Capital announced that Al Rajhi REIT Fund’s total assets hit SAR 3.14 billion in the fourth quarter (Q4) of 2024, according to a bourse filing. Net asset value attributable to unitholders of the fund amounted to SAR …
Mutual Funds