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4 September 2025 09:52 AM Saudi ADES pens SAR 808m agreement with QatarEnergy
Riyadh – Mubasher: ADES Holding Company inked a contract for offshore drilling services for its jackup rig, Aquamarine Driller, with QatarEnergy. The two parties signed the agreement on 2 September, with an estimated backlog of SAR 808 million …
Companies Investments
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4 September 2025 09:34 AM TAQA-led consortium concludes financial closing of $4bn greenfield power plants in Saudi Arabia
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA), Japan-based JERA Company, and Al Bawani Capital jointly announced the financial closing of two greenfield power plants in Saudi Arabia. The projects are Rihab ElAwal Power Company …
Global Economy
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3 September 2025 07:32 PM Intella raises $12.5m in Series A funding to expand in MENA
Cairo - Mubasher: MENA-focused deep tech firm Intella has raised $12.50 million in an oversubscribed Series A round led by Prosus, according to a press release. The round witnessed participation from 500 Global, Wa’ed Ventures, Hala Ventures, …
Companies Investments
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3 September 2025 07:20 PM CI Capital facilitates EGP 1.3bn bond issuance for Al Oula
Cairo - Mubasher: CI Capital Holding for Financial Investments has completed a EGP 1.29 billion securitized bond issuance for El Taamir Securitization, in which Al Tameer Leasing and Factoring Company (Al Oula) is the originator and assignor of …
Companies Investments
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3 September 2025 05:50 PM Banque du Caire logs EGP 7.4bn profits in H1-25
Cairo - Mubasher: Banque du Caire posted 31.10% year-on-year (YoY) higher standalone net profits after tax at EGP 7.45 billion in the first half (H1) of 2025, compared with EGP 5.71 billion. Basic earnings per share (EPS) retreated to EGP 0.74 as …
Banking and Finance
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3 September 2025 02:44 PM EFG Hermes advises on EGP 1.5bn securitized bond for Bedaya Mortgage Finance
Cairo - Mubasher: EFG Hermes, an EFG Holding company, has advised on Bedaya Mortgage Finance’s EGP 1.56 billion securitized bond issuance, the firm’s seventh issuance and fifth under the Capital securitization program. The bond is backed by a …
Bonds
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3 September 2025 01:45 PM Singapore Exchange lists 1st Saudi Arabia-focused ETF
Mubasher: State Street Investment Management, the asset management business of State Street Corporation, announced the cross-listing of the PIF-anchored investment SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF on the Singapore Exchange …
Trading Activities
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3 September 2025 01:36 PM Egypt's non-oil private sector sees further contraction in August; PMI hits 49.2
Cairo - Mubasher  Egypt’s headline seasonally adjusted Purchasing Managers’ Index (PMI) declined to 49.2 in August 2025 from 49.5 in July, according to the latest S&P Global PMI data. Remaining below the 50.0 threshold but above the long-run …
Macroeconomics
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3 September 2025 11:40 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 2 …
Trading Activities
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3 September 2025 10:43 AM Rothschild to take over LLB's business in UAE
UAE - Mubasher:  Rothschild & Co signed a referral agreement with Liechtensteinische Landesbank (LLB) to expand its Wealth Management presence in the UAE, according to a press release. The group will onboard its employees and clients in the Gulf …
Companies Investments
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3 September 2025 09:17 AM Caucasus Auto boosts operation in Middle East with UAE office
UAE - Mubasher: Leading U.S. vehicle importer Caucasus Auto Import has officially launched its UAE headquarters in Sharjah, according to a press release. The expansion marks a milestone for the company as it brings its services to one of the …
Global Economy
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3 September 2025 09:00 AM Dubai Investments scales global footprint via partnership with Angola’s FSDEA
Dubai - Mubasher: Dubai Investments has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The agreement aims to boost modern urbanization and …
Companies Investments
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3 September 2025 08:56 AM Egypt’s fintech Munify raises $3m seed round to fuel regional expansion
Cairo - Mubasher: Egypt-based fintech Munify has raised a $3 million seed round led by Y Combinator, with participation from BYLD, Digital Currency Group, and other strategic investors. It will use the investment to scale engineering and …
Banking and Finance
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2 September 2025 05:28 PM Dar Al Alamia launches EGP 7bn Acasa Alma project in New Cairo
Egypt - Mubasher: Dar Al Alamia Developments has launched Acasa Alma in New Cairo’s Sixth Settlement, with total investments of EGP 7 billion. The project aims to set a new benchmark for integrated low-density luxury communities, offering privacy, …
Real estate
Ranai El-Mashat, Minister of Planning, Economic Development, and International Cooperation
2 September 2025 05:17 PM Egypt to invest EGP 136.3bn to boost renewable energy in FY25/26
Cairo - Mubasher: Egypt plans to invest EGP 136.30 billion in its electricity and renewable energy sector during fiscal year (FY) 2025/2026, marking a 87.74% surge from EGP 72.60 billion in FY24/25. The budget aims to raise electricity coverage to …
Macroeconomics
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2 September 2025 04:42 PM Lunate launches region’s 1st thematic ETF to expand quantum computing
UAE - Mubasher: Abu Dhabi-based investment manager Lunate has launched the region’s first thematic Exchange Traded Funds (ETFs), according to a press release. The ETFs will track the Solactive Developed Quantum Computing Index, offering access to …
Companies Investments
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2 September 2025 01:56 PM Flynas bolsters global aviation operations via SAR 504m Murabaha deal with SAB
Riyadh - Mubasher: Flynas company has secured a Murabaha facility agreement worth SAR 504 million ($134.40 million) from Saudi Awwal Bank (SAB). The agreement aims to finance the delivery of new Airbus A320neo aircraft, according to a bourse …
Companies Investments
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2 September 2025 01:37 PM 7 Centre expands global presence with office in Dubai Internet City
Dubai - Mubasher: 7 Centre, the Canadian company behind the Simplii sustainability platform, has officially opened its Middle East office, 7 Centre Middle East, in Dubai Internet City. The move marks a major step in the company’s global expansion, …
Global Economy
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2 September 2025 00:17 PM Umm Al Qura launches pre-booking model for SAR 329m land sale at Masar
Riyadh - Mubasher: Umm Al Qura for Development and Construction Company introduced a new real estate investment model that allows land sales at the destination through a pre-booking mechanism, according to a press release. By factoring in both …
Companies Investments
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2 September 2025 10:40 AM RAK Properties enables crypto payment to attract global buyers
Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …
Global Economy
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2 September 2025 10:12 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 1 …
Banking and Finance
Saudi Egyptian Developers
1 September 2025 04:22 PM Saudi Egyptian Developers unveils rebranding to boost regional expansion
Cairo - Mubasher: Saudi Egyptian Developers Company celebrated its 50th anniversary with the launch of a new logo and refreshed visual identity, signaling the start of a new phase of growth and innovation. The rebranding, shaped as a diamond-heart …
Real estate
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1 September 2025 03:56 PM Taaleem Management sees EGP 1.5bn block-trading deal
Cairo - Mubasher: Taaleem Management Services recorded a block-trading transaction worth EGP 1.55 billion on Monday, 1 September 2025. The transaction involves 152.04 million shares, according to an announcement on the Egyptian Exchange (EGX).
Companies Investments
Sherif Taha, CEO of EONS Developments
1 September 2025 02:17 PM EONS enters Egyptian real estate market via EGP 10bn investment
Cairo - Mubasher: EONS Developments plans to launch its first project in the First District of New Cairo, with initial investments exceeding EGP 10 billion, according to a press release. With more than 35 years of investment experience in Sweden, …
Companies Investments
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1 September 2025 01:41 PM GlobalCorp closes EGP 4.9bn securitization for leasing, mortgage portfolio
Cairo - Mubasher: GlobalCorp Financial Services has closed two securitization deals worth a combined EGP 4.91 billion, according to a press release. The transactions include the company's seventh leasing securitization portfolio at EGP 2.32 …
Banking and Finance