KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
05 April 08:43 AM

Gulf news

Photo Gallery
6 January 2025 06:32 PM PureHealth announces Ardent’s takeover of 18 clinics to endorse US presence
Abu Dhabi – Mubasher: PureHealth Holding, a healthcare group in the Middle East, has unveiled that its associate Ardent Health strategically expanded its network by acquiring 18 urgent care clinics in the US market. The medical establishments are …
Mergers and Acquisitions
Photo Gallery
6 January 2025 06:10 PM EMX launches 1st fleet of e-bikes to boost UAE’s green logistics strategy
UAE - Mubasher: EMX, the logistics arm of 7X, has launched its first fleet of e-bikes in line with its plans to boost the efficiency and sustainability of its delivery services across the UAE, according to a press release. This anchors EMX’s …
Companies Investments
Photo Archive
6 January 2025 05:50 PM UAE’s non-oil business ends 2024 with significant growth; PMI surges to 55.4%
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) rose for the third successive month in December to 55.4, compared to 54.2 in November 2024. The reading reflected an accelerated expansion in the non-oil private sector …
Sector Reports
Photo Gallery
6 January 2025 05:02 PM Registration, licensing authority set up to regulate business sector in Abu Dhabi
UAE – Mubasher: The Abu Dhabi Department of Economic Development (ADDED) has launched Abu Dhabi Registration and Licensing Authority (ADRA) to further enhance and regulate the business sector across the emirate, according to a press release. The …
Companies Investments
Photo Archive
6 January 2025 04:27 PM Thimar pens joint deal to create SAR 100m fund
Riyadh – Mubasher: Thimar Development Holding Company signed a deal with Jiyad Al Ezz Company Limited and Rasanah Financial Company to establish an investment fund. The fund’s capital will stand at SAR 100 million, which will be offered in …
Companies Investments
Photo Archive
6 January 2025 01:07 PM Anaam International Holding proposes SAR 105m capital hike
Riyadh – Mubasher: The board of Anaam International Holding Group recommended increasing its capital by offering right issues valued at SAR 105 million, according to a bourse statement. The board proposed the transaction, on 5 January, to support …
Management Decisions
Photo Archive
6 January 2025 11:11 AM Arcapita, DgPays close stake acquisition deal for Mashreq's NEOPAY
Dubai – Mubasher: Mashreq, one of the MENA leading financial institutions, has completed the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader. Under the agreement that was announced in September 2024, DgPays and …
Banking and Finance
Photo Archive
6 January 2025 10:32 AM Almujtama Alraida Medical secures SAR 45m financing deal
Riyadh – Mubasher: Almujtama Alraida Medical Company penned a credit facility agreement worth SAR 45 million with Alinma Bank on 5 January 2025, according to a bourse disclosure. The company will use the loan to finance working capital …
Companies Investments
Photo Archive
5 January 2025 10:09 PM TASI expected to trade between 11,300 to 13,300pts in 2025 – Report
Riyadh – Mubasher: SNB Capital, a regional financial institution, recently projected in a report that the benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) would trade between 11,300 to 13,300 points (pts) in 2025, reflecting a …
Sector Reports
Photo Archive
5 January 2025 08:57 PM UAE’s GDP reaches AED 879.6bn during January-June 2024; non-oil GDP surges 4.4%
UAE – Mubasher: Abdulla bin Touq Al Marri, the UAE Minister of Economy, has asserted that the preliminary estimates of the UAE’s GDP in the first half (H1) of 2024, issued by the Federal Competitiveness and Statistics Centre (FCSC), reflect …
Sector Reports
Photo Archive
5 January 2025 08:18 PM Job market in UAE likely to see rise in AI-related fields
UAE – Mubasher: The UAE is expected to witness a growing demand for highly skilled professionals as 2025 begins, particularly in the AI field, according to the Emirates News Agency (WAM). The nation’s job market has anchored its position as a …
Sector Reports
Photo Archive
5 January 2025 07:10 PM Saudi Arabia’s trade surplus hits SAR 20.7bn in October 2024
Riyadh – Mubasher: Saudi Arabia achieved a trade surplus of SAR 20.76 billion in October 2024, recording a 30% monthly growth in trade balance, according to the Saudi Press Agency (SPA). This marks an increase of more than SAR 4 billion from SAR …
Macroeconomics
Photo Archive
5 January 2025 06:03 PM Saudi inflation rises in November; crude oil production remains at 8.95mbpd – Report
Riyadh – Mubasher: Saudi Arabia’s inflation rate increased to 2% in November, while crude oil production remained at 8.95 million barrels per day (mbpd) during the month, Al Rajhi Capital cited recent data from the General Authority for Statistics …
Sector Reports
Photo Archive
5 January 2025 06:00 PM Egypt among top 10 African countries attracting private-sector investments
Cairo – Mubasher: Egypt was included among the top 10 African countries leading in private sector investments, according to Business Africa. In spite of the major challenges posed by Africa's infrastructure to economic growth and development, …
Sector Reports
Photo Gallery
5 January 2025 05:39 PM Ericsson launches CU Saudi Arabia to boost operations in Middle East, Africa
Riyadh – Mubasher: Ericsson has unveiled a new organisational structure for its operations in the Middle East and Africa (MEA) region that came effective on 1 January 2025, according to a press release. As part of the company's larger regional …
Global Economy
Photo Archive
5 January 2025 05:32 PM NWC develops SAR 1.6bn water supply projects in Makkah
Riyadh – Mubasher: The National Water Company (NWC), represented by the Western Cluster, has started implementing water supply projects in Makkah at a value exceeding SAR 1.60 billion. These projects are part of NWC’s objectives to develop the …
Companies Investments
Photo Archive
5 January 2025 04:42 PM National Gypsum obtains SAR 35m loan from Riyad Bank
Riyadh – Mubasher: National Gypsum Company has secured a SAR 35 million financing agreement from Riyad Bank, according to a bourse disclosure. The company will use the loan to finance the expansion of operations to develop production lines in the …
Companies Investments
Photo Archive
5 January 2025 01:07 PM Al Yamamah Steel rolls out SAR 97.5m agreement
Riyadh – Mubasher: Al Yamamah Steel Industries Company inked a deal with Trading and Development Partnership on 2 January 2025, according to a bourse disclosure. The agreement covers supplying steel towers, valued at SAR 97.54 million, for a …
Companies Investments
Photo Archive
5 January 2025 00:27 PM Dubai’s real estate market hits AED 522.1bn in 2024
UAE – Mubasher: Dubai’s real estate market has recorded 180,900 transactions at an aggregative value of AED 522.10 billion throughout 2024, the Emirates News Agency (WAM) cited fäm Properties. The emirate witnessed a 36% increase in sales volumes …
Macroeconomics
Photo Gallery
5 January 2025 10:55 AM Raya Holding’s unit enters Saudi market via partnership with Jarir
Cairo – Mubasher: Aman Holding, a subsidiary of Raya Holding for Financial Investment, penned a strategic partnership deal with Jarir Marketing Company (Jarir Bookstores) and Al Manea, according to a press release. This collaboration, which marks …
Companies Investments
Photo Archive
5 January 2025 10:13 AM DAE’s global expansion strategy anchored with 233 lease transactions in 2024
UAE – Mubasher: Dubai Aerospace Enterprise (DAE) signed 233 lease agreements, extensions, and amendments for 190 owned aircraft and 43 managed aircraft in 2024. The company acquired 83 aircraft, of which 30 were owned and 53 were managed and sold …
Global Economy
Photo Archive
2 January 2025 11:21 PM Saudi Arabia expected to hike oil prices for Asia; Aramco raises diesel prices
Riyadh – Mubasher: Saudi Arabia is expected to raise crude prices for Asian buyers in February for the first time in three months, Reuters reported on Thursday. The February official selling price (OSP) for flagship Arab Light may increase by 20 …
Macroeconomics
Photo Gallery
2 January 2025 10:59 PM Qatar Airways expands global network, marks 11th connection in Saudi Arabia
Mubasher: Qatar Airways resumed its flight at Abha International Airport (AHB), on 2 January 2025, according to a press release. The airline will operate two weekly flights to Abha, offering connectivity on Qatar Airways’ extensive global network …
Companies Investments
Photo Archive
2 January 2025 09:41 PM PIF-owned SRC, Hassana partner to expand Saudi financial market
Riyadh – Mubasher: The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has signed a memorandum of understanding (MoU) with Hassana Investment Company. The joint agreement aims to expand the financial market in …
Companies Investments
Photo Archive
2 January 2025 09:02 PM Dubai Duty Free records annual sales of AED 7.9bn in 2024
UAE – Mubasher: Dubai Duty Free ended 2024 with a remarkable performance, establishing a new annual turnover record of AED 7.90 billion ($2.16 billion), according to Emirates News Agency (WAM). In December alone, the authority generated sales …
Macroeconomics