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14 July 2025 00:52 PM Gulf Navigation raises $136m from MCB offering

Dubai – Mubasher: Gulf Navigation Holding has completed its AED 500 million mandatory convertible bond (MCB) offering, with total subscriptions exceeding AED 520 million from eligible shareholders. The shareholders subscribed for the transaction …

Companies Investments

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14 July 2025 11:44 AM Jarir Bookstores sees 6% higher net profits in H1-25

Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) posted 6.17% higher net profits at SAR 414.50 million in the first half (H1) of 2025, compared to SAR 390.40 million in H1-24. The Saudi company generated revenues amounting to SAR 5.36 …

Financial Results

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14 July 2025 09:32 AM CBE offers T-bonds worth EGP 17.5bn, floating-rate note on Monday

Cairo – Mubasher: The Central Bank of Egypt (CBE) announced fixed treasury bonds (T-bonds) at a combined value of EGP 17.50 billion over three auctions on Monday, 14 July 2025. The first issue was valued at EGP 7 billion and will mature in two …

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14 July 2025 09:09 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: Based on 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 as of 13 July …

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13 July 2025 04:33 PM Network International, Magnati to expand business in MEA following merger

Mubasher: Network International and Magnati have received key regulatory approvals to merge into a single entity, owned by a Brookfield-led consortium. The merger process is expected to be completed during the third quarter (Q3) of 2025, according …

Companies Investments

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13 July 2025 04:13 PM Rameda unveils capital hike to EGP 500m

Cairo – Mubasher: The extraordinary general meeting (EGM) of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) approved a capital hike to EGP 500 million from EGP 377.74 million. The shareholders agreed to increase …

General Assembly

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13 July 2025 03:33 PM Huawei launches 1st experience store in Egypt

Cairo – Mubasher: Huawei inaugurated its first-ever Huawei Experience Store (HES) in Egypt, expanding the brand’s retail presence in the country. The new store is located on Level 1, Gate 5, Phase 1 of Citystars Mall in Nasr City, according to a …

Companies Investments

Habiba Naguib, Chief Market Expansion and Strategy Officer of Valu

13 July 2025 01:54 PM Valu receives regulatory nod to launch BNPL services in Jordan

Cairo – Mubasher: The Central Bank of Jordan has granted its initial approval for U Consumer Finance (Valu) to launch buy now, pay later (BNPL) services in Jordan, according to a recent press release. This step marks a significant leap in Valu’s …

Companies Investments

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13 July 2025 01:27 PM Almoosa Health inks SAR 192m deal with MASAH Specialized Contracting

Riyadh – Mubasher: Almoosa Health Company signed a contract with MASAH Specialized Contracting Company at a value of SAR 192 million on 10 July, according to a bourse disclosure. The deal covers implementing preliminary construction works, …

Companies Investments

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13 July 2025 11:43 AM Space42’s board greenlights $695.5m financing deal

Abu Dhabi – Mubasher: The board of Space42 has approved the entry of its subsidiaries into a proposed financing transaction with various financial institutions valued at $695.50 million. The facility deal comes within the framework of the Al Yah 4 …

Companies Investments

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13 July 2025 11:39 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: Based on 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 as of 12 July …

Banking and Finance

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13 July 2025 09:44 AM CBE offers EGP 67bn T-bills on Sunday

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) with a combined value of EGP 67 billion through two auctions on Sunday, 13 July. The first tranche was valued at EGP 27 billion, holding a tenor of 91 days until 14 …

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13 July 2025 09:42 AM ADNOC Gas seals $400m LNG supply deal with Germany’s SEFE

Abu Dhabi – Mubasher: ADNOC Gas has entered into a three-year liquefied natural gas (LNG) supply agreement with Germany’s SEFE Securing Energy for Europe at a value of nearly $400 million (AED 1.50 billion. The deal covers the delivery of 700,000 …

Companies Investments

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13 July 2025 09:41 AM Kazakhstan collaborates with Presight to launch 1st national supercomputer

Abu Dhabi – Mubasher: Kazakhstan has officially launched its first national supercomputer in partnership with Presight AI Holding to boost digital transformation and technological sovereignty, according to a press release. Developed by the …

Companies Investments

Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital

10 July 2025 06:11 PM BlueFive Capital expands in GCC via oversubscribed round, launches $2bn equity fund

UAE – Mubasher: BlueFive Capital, a UAE-based investment platform, has closed its Founding Shareholders Circle round, valuing the company at $120 million, according to a press release. The company aims to bridge institutional platforms with …

Companies Investments

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10 July 2025 05:49 PM QNB posts EGP 15.1bn consolidated profits in H1-25

Cairo - Mubasher: Qatar National Bank Al Ahli (QNB) generated consolidated net profits after tax valued at EGP 15.10 billion in the first half (H1) of 2025, marking an annual surge from EGP 13.78 billion. Net interest income reached EGP 23.47 …

Financial Results

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10 July 2025 04:36 PM du, Omantel activate Oman Emirates Gateway to foster joint connectivity

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) and Omantel have activated the Oman Emirates Gateway (OEG) to enhance connectivity between the UAE and Oman, according to a press release. The 275 kilometers international fibre …

Companies Investments

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10 July 2025 03:37 PM Masdar joins Iberdrola for EUR 5.2bn wind farm project in UK

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar), in which Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, has signed an agreement with Iberdrola to co-invest in the 1.40 GW East Anglia THREE wind farm in the UK. …

Companies Investments

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10 July 2025 01:49 PM Saudi German Hospital operates 21 additional clinics in Dammam

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) has commenced operating 21 additional clinics in advanced medical specialities, according to a bourse disclosure. Located in Dammam, the expansion backs the company’s …

Companies Investments

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10 July 2025 00:58 PM SABIC explores plans for subsidiary GAS’ IPO

Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) intends to study and evaluate certain strategic options concerning its subsidiary, the National Industrial Gases Company (GAS). This aligns with SABIC's priorities of optimizing its …

Trading Activities

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10 July 2025 08:06 AM Saudi Jahez fuels regional expansion via 76.5% stake acquisition in Snoonu

Riyadh – Mubasher: Jahez International Company for Information System Technology has signed a share purchase and subscription agreement (SPSA) to acquire a 76.56% stake in Snoonu, Qatar’s fastest-growing technology and on-demand delivery company. …

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10 July 2025 08:01 AM CBE unveils EGP 80bn T-bills end-week

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 80 billion through two tranches on Thursday, 10 July. The first offering stood at EGP 35 billion and will mature in 182 days on 13 …

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10 July 2025 07:24 AM Egypt’s Nawy acquires Dubai-based SmartCrowd to enter into GCC proptech market

Cairo – Mubasher: Egypt-based proptech Nawy has acquired a majority stake in Dubai-based SmartCrowd, the region’s first regulated platform enabling fractional property investments. The transaction follows Nawy’s recent $52 million Series A round …

Companies Investments

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10 July 2025 07:21 AM WSM rolls out SAR 500m agreement with Saudi gov’t

Riyadh - Mubasher: WSM for Information Technology Company penned a SAR 500 million deal with the Public Sector to provide services upon purchase orders. The two entities signed the agreement on 7 July 2025 for three years, according to a bourse …

Companies Investments

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10 July 2025 07:17 AM Umm Al Qura pens SAR 253m sale deal for Masar Destination project

Riyadh - Mubasher: Umm Al Qura for Development and Construction penned a sale agreement for two land plots with a combined area of 5,368 square meters within the Masar Destination project in Makkah, according to a bourse disclosure. With an …

Companies Investments