KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
09 April 11:10 PM

Gulf news

Photo Gallery
12 December 2024 10:28 AM Mubadala, AlpInvest to secure portfolio senior fund financing globally
UAE – Mubasher: Mubadala Investment Company and AlpInvest Partners, a leading global private equity investor and a subsidiary of Carlyle, developed a new portfolio senior fund financing partnership. The credit co-investment partnership aims to …
Companies Investments
Photo Gallery
12 December 2024 09:42 AM TAQA Arabia, Somabay inaugurate Egypt's largest solar-powered desalination plant
Cairo – Mubasher: TAQA Arabia teamed up with Somabay to open Egypt's largest desalination plant fully-powered by solar energy, according to a recent press release. The plant's first phase holds a daily capacity of 3,650 cubic metres (m3), securing …
Global Economy
Photo Gallery
11 December 2024 05:34 PM Investindustrial scales global reach via ADGM office
UAE – Mubasher: Investindustrial, a premier European investment group with a global reach, has launched a new office in the Abu Dhabi Global Market (ADGM), according to a press release. The group inaugurated the new office after receiving …
Global Economy
Photo Archive
11 December 2024 02:33 PM solutions, stc ink joint agreement exceeding SAR 151m
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) penned, on 10 December, a joint deal valued at SAR 151.17 million. The three-year agreement includes providing Red Hat licenses …
Companies Investments
Zarir Saifuddin, Founder of Zarir Saifuddin
11 December 2024 01:56 PM BuyAnyAutoPart raises funding round to expand operations in UAE
UAE – Mubasher: B2B autotech BuyAnyAutoPart has secured $750,000 in a pre-Seed funding from Galadari Brothers, 6G Capital, and other undisclosed investors. The funds will be used to execute contracts with UAE's multi-brand workshops before …
Companies Investments
Nadim Alameddine, CEO and Founder of Wafeq
11 December 2024 01:19 PM UAE’s Wafeq supports regional expansion plans via $7.5m Series A round
UAE – Mubasher: Dubai-based Wafeq has closed its $7.50 million (SAR 28 million) in a Series A funding round to double down on its Saudi operations and expand in the UAE as well as the GCC region, according to a press release. The fundraising …
Global Economy
Photo Archive
11 December 2024 00:24 PM Dr. Sulaiman Al Habib announces 2 key appointments
Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group has appointed Sulaiman Abdulaziz Al Habib as the board’s Chairman for four years. The board also named Obaid Abdullah Al Rasheed as the Vice Chairman, according to a bourse …
Corporate Actions
Photo Gallery
11 December 2024 11:55 AM Hub71 partners with ADIB to bolster global startup growth
Abu Dhabi – Mubasher: Hub71, Abu Dhabi’s global tech ecosystem, sealed strategic agreements with Abu Dhabi Islamic Bank (ADIB) to reinforce startup growth, according to a press release. The partnership provides startups with expert mentorship and …
Companies Investments
Photo Gallery
11 December 2024 10:51 AM IHC’s Finstreet drives global financial innovation via new regulated subsidiaries
Abu Dhabi – Mubasher: Finstreet Limited, an IHC Group company through Rorix Holdings, has officially launched its subsidiaries at Abu Dhabi Finance Week (ADFW), ADGM’s flagship financial event. The units, which operate a first-of-its-kind …
Companies Investments
Photo Gallery
11 December 2024 10:01 AM Talabat’s debut on DFM marks largest global tech IPO in 2024
Dubai – Mubasher: Talabat Holding, MENA’s leading on-demand food, grocery and retail platform for everyday deliveries, began listing and trading its shares on the Dubai Financial Market (DFM). The company traded its shares under the ticker symbol …
Trading Activities
Photo Gallery
11 December 2024 09:27 AM PIF’s Diriyah, Apple to boost retail expansion across Saudi Arabia
Riyadh – Mubasher: Diriyah Company, owned by the Saudi Public Investment Fund (PIF), teamed up with Apple to launch a retail store in Diriyah. The City of Earth marks a significant milestone in the retail and lifestyle offering of the Diriyah …
Companies Investments
Photo Gallery
10 December 2024 06:22 PM MENA-focused Shorooq, South Korea’s Hanwha Life to expand alternative investments
UAE – Mubasher: MENA-focused Shorooq entered into a partnership with South Korea’s Hanwha Life, a leading Korean life insurance company, according to a press release. In line with its growth strategy, the financial group expanded into several …
Global Economy
Photo Gallery
10 December 2024 05:43 PM Iliad Partners launches $50m MENA-focused VC Fund backed by PIF
UAE – Mubasher: Abu Dhabi-based venture capital (VC) firm Iliad Partners launched its $50 million Iliad Partners Tech Ventures Fund I, according to a press release. The Iliad Fund will invest in early-stage B2B software startups driving …
Global Economy
Photo Gallery
10 December 2024 03:46 PM du, Nokia launch 1st commercial 5G cloud RAN deployment in MEA
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) penned a memorandum of understanding (MoU) with Nokia to deploy the first commercial 5G Cloud RAN site in the MEA region. Cloud RAN marks a significant advancement in radio …
Companies Investments
Photo Archive
10 December 2024 02:13 PM Moody's assigns ‘A1’rating to AD Ports; outlook stable
Abu Dhabi – Mubasher: Moody’s Ratings has assigned the ‘A1’ long-term issuer rating for AD Ports Group with a stable outlook according to a press release. The rating reflects the group’s strong financial performance and robust growth prospects as …
Ratings
Photo Gallery
10 December 2024 00:22 PM PLATMA fuels MENA expansion via $2.2m pre-seed funding
Mubasher: US-based AI business automation platform PLATMA seeks to enter the MENA market after securing a $2.20 million pre-seed funding round at a valuation of $20 million. PLATMA has supported a range of local businesses across the MENA region …
Global Economy
Photo Archive
10 December 2024 11:05 AM Riyadh Development, Agility Logistics Parks sign SAR 227m deal
Mubasher: Riyadh Development Company inked a strategic partnership agreement with Agility Logistics Parks (ALP), owned by Agility Global, at a value of SAR 227 million. The two entities signed the deal, on 9 December 2024, to develop a logistics …
Real estate
Photo Gallery
10 December 2024 10:06 AM MENA-focused Stake launches in Saudi Arabia to transform investment landscape
Riyadh – Mubasher: Stake, a leading digital real estate investment platform in the MENA region, has partnered with Al Rajhi Seventh (RJ7) to launch its business in Saudi Arabia, according to a press release. Backed by Saudi Aramco, Stake is the …
Global Economy
Photo Archive
10 December 2024 09:10 AM Investcorp Capital unveils $280m in funding to reinforce global portfolio
Abu Dhabi – Mubasher: Investcorp Capital has funded more than $280 million across various asset classes over the last six months, according to a press release. Listed on the Abu Dhabi Securities Exchange (ADX), the company injected strategic …
Global Economy
Photo Gallery
10 December 2024 08:33 AM Super Region requires $5.4trn mineral investment to expand global mining - FMF
Mubasher: The Super Region needs capital investment of $5.40 trillion to boost energy transition by 2035, according to the Future Minerals Forum (FMF) report. The region comprising Africa, the Middle East, Central Asia, and South Asia has …
Sector Reports
Photo Gallery
9 December 2024 06:40 PM Hilton, Knowledge Economic City to boost hospitality offerings in MEA
Riyadh – Mubasher: Knowledge Economic City and Hilton signed a joint agreement with Al Gharaa International for Real Estate Development to open three hotels in Madinah, according to a press release. The project marks the debut of Hilton’s Home2 …
Real estate
Photo Gallery
9 December 2024 01:55 PM Saudi Arabia, Kuwait seal deal to avoid double taxation
Mubasher: Saudi Arabia and Kuwait penned an agreement aimed at avoiding double taxation and enhancing investment cooperation, according to a recent press release. Saudi Minister of Finance, Mohammad Al Jadaan, and his Kuwaiti counterpart, Nora Al …
Global Economy
Photo Archive
9 December 2024 00:55 PM Saudi Arabia’s real GDP up 2.8% in Q3-24 – GaStat
Riyadh – Mubasher: The real gross domestic product (GDP) of Saudi Arabia went up by 2.80% year-on-year (YoY) in the third quarter (Q3) of 2024, according to the General Authority for Statistics (GaStat). The annual rise was driven by a 4.30% surge …
Macroeconomics
Photo Archive
9 December 2024 11:17 AM CMA approves Emaar The Economic City’s capital reduction
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Emaar The Economic City (EEC) to lower its capital to SAR 5.23 billion from SAR 11.33 billion. Following the transaction, the number of shares will be reduced from 1.13 …
Companies Investments
Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB, and Jamal Al Barrak, CEO of KIB Invest
9 December 2024 10:52 AM KIB Invest, UAE-listed banks lead Bahrain’s 7-year Sukuk issuance
Mubasher: Kuwait International Bank (KIB), through its investment arm KIB Invest, served as joint lead manager (JLM) in the issuance of a seven-year for Bahrain via CBB International Sukuk Programme Company W.L.L. The USD-denominated senior …
Companies Investments