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02 October 04:16 AM

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1 October 06:31 PM Spinneys enters Southeast Asia market through Ayala’s JV
Dubai - Mubasher: Spinneys formed a joint venture (JV) with Filipino conglomerate Ayala Corporation to open stores in the Philippines, marking its first expansion into Southeast Asia. Under the deal, Ayala will hold a 60% stake in the JV, with …
Global Economy
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1 October 05:13 PM Kuwait returns to global debt markets via $11.2bn bond issue
Mubasher: Kuwait has returned to the international debt capital markets with a landmark $11.25 billion triple-tranche issuance, its first since 2017, according to a press release. The offering attracted overwhelming demand, pricing at some of the …
Bonds
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1 October 01:00 PM Schneider Electric, Petra Engineering forge partnership to strengthen Saudi Arabia’s data center infrastructure
Riyadh - Mubasher: Schneider Electric, the global leader in the digital transformation of energy management and automation, has signed a strategic partnership with Petra Engineering Industries Company, a leading manufacturer of heating, …
Global Economy
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1 October 12:49 PM Beyond ONE inaugurates regional office in Saudi Arabia
Mubasher: Beyond ONE has opened a new office in Riyadh, besides a sustainability-driven headquarters (HQ) in Dubai. The move reinforces the company’s commitment to employee wellbeing, inclusivity, and environmental responsibility, according to a …
Companies Investments
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1 October 11:41 AM Iliad Partners closes $50m fund to accelerate growth of MENA startups
UAE - Mubasher: UAE-based venture capital firm Iliad Partners announced the second closing of its $50 million Iliad Partners Tech Ventures Fund I, featuring Eurobank, National Bank of Greece, and Piraeus Bank. This marks the first VC investment in …
Global Economy
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1 October 10:31 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 and USD, as of 30 …
Banking and Finance
Tamer El Mahdi, Managing Director and CEO of Telecom Egypt
1 October 08:39 AM Telecom Egypt names El-Mahdi as new Managing Director, CEO
Cairo - Mubasher: Telecom Egypt has appointed Tamer El Mahdi as its new Managing Director and CEO, according to a press release. El Mahdi succeeded Mohamed Nasr, who stepped down from his executive role and board membership. As part of his new …
Board of Directors
Ibrahim Anwar and Mohammed Darwish, Founders of Sabika
30 September 04:47 PM Egypt’s Sabika raises funding round to expand gold, silver investment in Gulf
Cairo - Mubasher: Sabika, a Sharia-compliant digital platform for gold and silver investment, secured a USD six-figure strategic investment led by M Empire Angels to support its expansion in Egypt and the Gulf region. The investment will be used …
Global Economy
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30 September 04:24 PM Sukna Capital backs MENA’s tech firms via $50m loans
Riyadh - Mubasher: Sukna Capital has joined global credit manager Partners for Growth (PFG) to offer $50 million in specialty loans to high-growth tech firms and SMEs across Saudi Arabia and the MENA region. The partnership will secure working …
Global Economy
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30 September 03:59 PM PIF-led alliance to acquire Electronic Arts for $55bn
Riyadh - Mubasher: A consortium comprised of Public Investment Fund (PIF), Silver Lake, and Affinity Partners entered into an agreement to acquire Electronic Arts at an enterprise value of $55 billion. The transaction will enable Electronic Arts, …
Mergers and Acquisitions
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30 September 03:18 PM Tarabut launches regional HQ in Riyadh
Riyadh – Mubasher: MENA’s leading regulated fintech platform Tarabut has inaugurated its regional headquarters (HQ) in Riyadh, according to a press release. The new office promotes Saudi-focused product development and client delivery, anchoring …
Companies Investments
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30 September 02:02 PM Careem takes minority stake in Swapp to boost regional car rental services
UAE - Mubasher: Careem has acquired a minority stake in UAE-based digital car rental platform Swapp to expand flexible mobility options in the region, according to a press release. The partnership offers on-demand and subscription car rentals with …
Global Economy
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30 September 01:50 PM BECO Capital closes $370m dual-fund raise to back Gulf founders
Mubasher: BECO Capital has secured $370 million in two new funds, strengthening its capacity to back founders from pre-seed to initial public offering (IPO). Focusing on the UAE and Saudi Arabia, the company plans to expand its full-stack platform …
Global Economy
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30 September 11:58 AM ADNOC Distribution relaunches Oasis brand with premium non-fuel offerings
Abu Dhabi - Mubasher: ADNOC Distribution has relaunched its Oasis convenience brand with a premium ‘On-the-Gourmet’ concept across 379 locations in the UAE, Egypt, and Saudi Arabia. The refreshed brand, known as Oasis by ADNOC, aims to elevate …
Companies Investments
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30 September 09:46 AM Sadq fuels regional expansion plans via $1m funding round
Riyadh - Mubasher: Saudi digital platform Sadq has secured an additional $1 million pre-series A funding round, led by Impact46, according to a press release. The funding will accelerate the company’s product development and security enhancements, …
Global Economy
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29 September 04:30 PM Biban Forum 2025 to kick off in Riyadh next November
Riyadh - Mubasher: Saudi Arabia is set to host Biban Forum 2025, the Kingdom’s flagship event for startups, small and medium enterprises (SMEs), and innovators. Organized by the Small and Medium Enterprises General Authority (Monsha’at), the event …
Global Economy
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29 September 03:32 PM Madinet Masr fuels expansion plans via $5m investments
Cairo – Mubasher: Madinet Masr Housing and Development announced plans to establish real estate development projects outside Egypt, according to a bourse disclosure. The group’s board approved injecting investments of nearly $5 million to boost …
Real estate
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29 September 02:09 PM ONE Development enters Egyptian market to expand regional expansion
Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …
Global Economy
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29 September 12:17 PM The Marq boosts Egypt’s development projects with EGP 4bn investment
Cairo - Mubasher: The Marq is accelerating construction and delivery across its residential communities, backed by an additional EGP 4 billion investment, bringing its total investment in 2025 to EGP 12 billion. The company aims to deliver over …
Real estate
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29 September 11:54 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 and USD, as of 28 …
Banking and Finance
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29 September 09:58 AM CBE auctions T-bonds, floating-rate note on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered fixed treasury bonds (T-bonds) at an aggregated value of EGP 19 billion over three tranches on Monday, 29 September. The first auction was valued at EGP 5 billion and will mature in two …
Central Banks
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28 September 08:52 PM GCC’s tourism sector records $247.1bn in 2024
Mubasher: The value added by the travel and tourism sector to the gross domestic product (GDP) of the GCC nations increased by 31.90% to $247.10 billion in 2024, when compared to 2019. The sector’s contribution to the region’s GDP is expected to …
Macroeconomics
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28 September 08:33 PM AMOC unveils EGP 1bn cash dividends for FY24/25
Cairo - Mubasher: The shareholders of Alexandria Mineral Oils Company (AMOC) have approved EGP 1.03 billion cash dividends for the fiscal year (FY) 2024/25. Under its 21st coupon, AMOC will distribute a dividend of EGP 0.80 per share, according to …
Cash Dividends
Najib Khan, Group Chief Business Services Officer at Ooredoo and Ahmed Al Mannai, CEO of Innovatix Systems
28 September 08:18 PM Ooredoo promotes cybersecurity services in MENA to boost global footprint
Mubasher: National Mobile Telecommunications Company (Ooredoo), in partnership with Innovatix Systems, has launched advanced cybersecurity services to protect customers’ digital assets and ensure uninterrupted digital experiences. Live in Qatar, …
Companies Investments
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28 September 06:35 PM CIB’s shareholders approve EGP 3bn capital increase
Cairo - Mubasher: The shareholders of Commercial International Bank Egypt (CIB) have approved increasing the bank’s issued and paid-in capital to EGP 33.77 billion from EGP 30.70 billion. The EGP 3.07 billion hike will be executed through the …
Management Decisions