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07 April 12:56 PM

Middle east news

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13 April 2025 09:52 AM Jazadco appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) announced two key appointments for a new board term that will end on 12 April 2029. The company announced Ibrahim Abdullah Al Jasser as the board’s Chairman for the next four …
Board of Directors
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13 April 2025 09:30 AM Avalon Pharma unveils SAR 25m cash dividends for H2-24
Riyadh – Mubasher: The board members of Middle East Pharmaceutical Industries Company (Avalon Pharma) approved dividends worth SAR 25 million for the second half (H2) of 2024, according to a bourse filing. The Saudi group will disburse SAR 1.25 …
Cash Dividends
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13 April 2025 09:23 AM QNB’s consolidated profits jump to EGP 7.1bn in Q1-25
Cairo  - Mubasher:  Qatar National Bank Al Ahli (QNB) logged consolidated net profits valued at EGP 7.18 billion in the first quarter (Q1) of 2025, an annual rise from EGP 7.07 billion. Earnings per share (EPS) amounted to EGP 2.90 as of 31 March …
Banking and Finance
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13 April 2025 09:14 AM Multiply Group, SMC join forces to accelerate media growth in MENA
Abu Dhabi – Mubasher: Multiply Group has inked a memorandum of understanding (MoU) with Saudi Media Company (SMC) to develop an advanced advertising technology (AdTech) platform. The partnership aims to drive innovation in AI-powered advertising …
Companies Investments
UAE Ministry of Finance
11 April 2025 00:53 AM UAE Cabinet issues decision on non-residence’s nexus linked to corporate tax law
UAE – Mubasher: The UAE Ministry of Finance has announced a new decision that specifies the cases in which a non-resident juridical investor in a Qualifying Investment Fund (QIF) or Real Estate Investment Trust (REIT) is considered to have a nexus …
Law
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10 April 2025 09:10 PM Al Wahedi assumes 7X Group CEO position for more growth
UAE – Mubasher: 7X, an investment and holding group in the trade, transport, and logistics sectors, has appointed Tariq Ahmed Al Wahedi as its new Group CEO, following board approval. The appointment comes as part of the group’s evolution as well …
Companies Investments
10 April 2025 07:32 PM Goldman Sachs lowers growth forecasts for China on tariff effect
Global Reports
10 April 2025 05:57 PM India hopes quick trade deal with US after tariffs halt
Global Reports
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10 April 2025 03:45 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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, except for …
Global Economy
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10 April 2025 07:15 AM Smart Mobility, IM Motors to expand business in UAE, Saudi Arabia
Mubasher: Smart Mobility International (SMI), a distributor of New Energy Vehicles in the UAE, signed a deal with Chinese EV manufacturer IM Motors to launch premium EVs in the UAE and Saudi Arabia, starting with the IM LS7 SUV. The agreement …
Companies Investments
Murat Atıcı, CEO of Bimser
10 April 2025 07:08 AM Bimser fuels MENA’s expansion via Dubai office
Mubasher: Turkish enterprise software company Bimser has officially opened its new regional office in Dubai, deepening its presence across the MENA region, according to a press release. The Dubai office will serve as a marketing and sales hub for …
Global Economy
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10 April 2025 07:01 AM Advanced Petrochemical turns profitable at SAR 72m in Q1-25
Riyadh – Mubasher: Advanced Petrochemical Company shifted to net profits valued at SAR 72 million in the first quarter (Q1) of 2025, against net losses of SAR 58 million in Q1-24. The revenues hiked by 91.27% year-on-year (YoY) to SAR 614 million …
Financial Results
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10 April 2025 06:50 AM CBE auctions EGP 75bn T-bills end-week
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 75 billion through two auctions on Thursday, 10 April. The first tranche stood at EGP 30 billion, holding a tenor of 182 days until 14 …
Central Banks
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10 April 2025 06:42 AM Basata joins forces with Connect Money to reinforce Egypt’s digital payment sector
Cairo – Mubasher: Leading fintech company Basata Holding for Financial Payments has partnered with Connect Money to launch ‘Basata Card’, according to a press release. The partnership aims to provide flexible and secure financial solutions for …
Companies Investments
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10 April 2025 06:31 AM Palm Hills’ subsidiary to secure EGP 1.3bn loan from Banque Misr
Cairo – Mubasher: Middle East for Real Estate and Tourism Investment LLC, a subsidiary of Palm Hills Developments Company, is set to secure a long-term syndicated loan facility with a maximum EGP 1.30 billion from Banque Misr. The unit will …
Companies Investments
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10 April 2025 06:28 AM Fertiglobe’s shareholders greenlight $125m dividends for H2-24, share buyback program
Abu Dhabi – Mubasher: Fertiglobe, ADNOC's low-carbon ammonia platform, announced the annual general assembly’s approval for disbursing $125 million in cash dividends for the second half (H2) of 2025. The shareholders greenlighted a dividend of …
General Assembly
9 April 2025 07:58 PM Large technology stocks lead gains amid US-China tariff conflict
Global Reports
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9 April 2025 07:30 PM Aramco collaborates with Sinopec, Yasref for planned petrochemical expansion
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) unveiled a Venture Framework Agreement (VFA) with both China Petroleum & Chemical Corporation (Sinopec) and Yanbu Aramco Sinopec Refining Company (Yasref) for a major petrochemical expansion at …
Companies Investments
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9 April 2025 06:35 PM Egypt, France ink over EUR 262m agreements for key projects
Cairo – Mubasher: Egypt and France signed nine agreements to implement several projects in the sectors of water treatment, sanitation, electricity, and railways, totaling EUR 262.30 million. Rania El-Mashat, Minister of Planning, Economic …
Companies Investments
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9 April 2025 05:58 PM Oriental Weavers’ shareholders approve EGP 1bn dividends for 2024
Cairo – Mubasher: The shareholders of Oriental Weavers greenlighted cash dividends of EGP 1.06 billion for 2024, according to a recent bourse filing. The company’s ordinary general meeting (OGM) approved, on 7 April, the distribution of EGP 1.60 …
General Assembly
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9 April 2025 05:45 PM Jabal Omar appoints new CEO
Riyadh – Mubasher: Jabal Omar Development Company announced Abdulrahman Abdulqader Bajunaid’s resignation from his position as CEO, according to a bourse statement. The resignation will be effective from 30 April 2025. Meanwhile, Saleh Habdan …
Board of Directors
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9 April 2025 05:41 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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, except for …
Trading Activities
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9 April 2025 02:35 PM Al Etihad Cooperative to pay SAR 30m dividends for 2024
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company announced the board’s recommendation to disburse cash dividends of SAR 30 million for 2024, according to a bourse disclosure. The insurance firm will disburse a dividend of SAR 0.60 per …
Cash Dividends
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9 April 2025 00:35 PM Scientific & Medical Equipment obtains SAR 265m loan from Alinma Bank
Riyadh – Mubasher: Scientific & Medical Equipment House Company secured a Shariah-aligned credit facility agreement valued at SAR 265 million with Alinma Bank on 8 April 2025. The company will use the loan to finance current and future projects, …
Companies Investments
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9 April 2025 11:54 AM Telr, SAB forge partnership to bolster Saudi Arabia’s digital landscape
Riyadh – Mubasher: Telr has partnered with Saudi Awwal Bank (SAB) to enhance e-commerce payments and boost merchant efficiency, according to a press release. The partnership aligns with Saudi Arabia’s Vision 2030 to achieve a cashless economy by …
Banking and Finance