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07 April 02:51 PM

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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
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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 …
Banking and Finance
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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 …
Trading Activities
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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 …
Macroeconomics
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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
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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
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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 …
Central Banks
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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
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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 …
Companies Investments
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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
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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
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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
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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 …
Real estate
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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
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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 …
Macroeconomics
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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
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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
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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
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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
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2 January 2025 08:34 PM NBF anchors operational strategy by converting $275m AT1 capital
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) completed its conversion of the additional tier 1 capital securities (AT1 capital), amounting to $275 million (AED 1.01 billion), into ordinary paid-up share capital. The lender obtained …
Banking and Finance
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2 January 2025 08:11 PM Riyad Bank to offer SAR-denominated additional tier 1 capital sukuk
Riyadh – Mubasher: Riyad Bank plans to issue SAR-denominated additional tier 1 capital sukuk to strengthen its capital base, according to a bourse filing. The issuance will be offered by way of private placement in Saudi Arabia pursuant to the …
Banking and Finance
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2 January 2025 06:05 PM Bahrain Bourse to apply Comprehensive Trading Incentive Scheme next month
Mubasher: Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain (CBB), will launch its Comprehensive Trading Incentive Scheme that will come into effect on 2 February 2025, according to a press release. The scheme aims to …
Global Economy
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2 January 2025 05:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included
Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …
Bonds
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2 January 2025 04:56 PM November SAMA bulletin indicates best credit growth trends in 2024 – Report
Riyadh – Mubasher: Al Rajhi Capital cited recent data from the Saudi Central Bank (SAMA) for November 2024 bulletin which indicated the highest mortgage origination since August 2022. The monthly mortgage origination of SAR 10.10 billion in …
Central Banks
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2 January 2025 04:25 PM Dubai property market likely to keep flourishing in 2025; highest quarterly sales ever seen in Q4-24
UAE – Mubasher: The Dubai real estate market has been on an upward trajectory since the Covid-19 pandemic, W Capital CEO, Walid Al Zarooni, cited data from the Dubai Land Department. Sales grew from AED 69.80 billion in 2020 to AED 149 billion in …
Macroeconomics