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28 May 01:42 PM

Middle east news

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29 September 2025 05:30 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 …
Event
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29 September 2025 04:32 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 2025 04:23 PM UAE launches multi-billion housing projects
UAE - Mubasher: The UAE has launched several housing projects in 2025 to boost family stability and enhance living standards, according to the Emirates News Agency (WAM). The Sheikh Zayed housing program approved 2,971 housing applications at a …
Real estate
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29 September 2025 03:09 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 …
Companies Investments
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29 September 2025 02:13 PM Marble Design unveils 15% capital raise via bonus shares
Riyadh - Mubasher: The board of Marble Design Factory Company greenlighted increasing its capital to SAR 75 million from SAR 60 million on 28 September. The 25% capital hike will be executed by capitalizing SAR 15 million from the retained …
Management Decisions
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29 September 2025 01:59 PM Northern Region Cement’s board greenlights SAR 45m dividends for H1-25
Riyadh - Mubasher: The board of Northern Region Cement Company has approved SAR 45 million cash dividends, equivalent to 2.50% of the company’s SAR 1.80 billion capital, for the first half (H1) of 2025. The Tadawul-listed company will pay out a …
Cash Dividends
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29 September 2025 01:17 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 …
Companies Investments
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29 September 2025 00:54 PM 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 …
Trading Activities
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29 September 2025 11:56 AM Shmoh Almadi inks $509,000 deal with Chinese company
Riyadh - Mubasher: Shmoh Almadi Company signed a $509,000 contract with China-based Foshan International Trade Company on 25 September. The agreement aims to supply and install an automated production line for filling and packaging Maamoul and …
Companies Investments
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29 September 2025 11:43 AM SITCO Pharma plans to invest SAR 75m in new Jeddah warehouse
Riyadh - Mubasher: Saudi International Trading Company (SITCO Pharma), a unit of Saudi Chemical Company, will invest SAR 75 million to establish a new warehouse in Jeddah. It will be financed through Shariah-compliant loans from local banks, …
Companies Investments
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29 September 2025 10:58 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 2025 09:52 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 …
Global Economy
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28 September 2025 09:33 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 2025 09:18 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, …
Global Economy
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28 September 2025 07:49 PM Saudi Networker Services eyes moving shares to TASI
Riyadh - Mubasher: The board of Saudi Networkers Services Company (NSN) has approved transferring its shares from the Parallel Market (Nomu) of the Saudi Exchange to the Main Market (TASI) on 25 September 2025. The move is subject to the Capital …
Board of Directors
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28 September 2025 07:35 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 …
Banking and Finance
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28 September 2025 06:58 PM solutions inks SAR 313.5m agreement with stc
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a SAR 313.39 million contract with Saudi Telecom Company (stc) on 25 September 2025. The 36-month deal aims to expand and develop stc’s internet and …
Companies Investments
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28 September 2025 02:03 PM Saudi Ground Services to disburse SAR 188m cash dividends for H1-25
Riyadh - Mubasher: Saudi Ground Services Company announced SAR 188 million as interim cash dividends for the first half (H1) of 2025, according to a bourse filing. The Tadawul-listed company will pay out a dividend of SAR 1 per share, equivalent …
Board of Directors
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28 September 2025 01:10 PM AngelAi launches in Saudi Arabia, eyes GCC expansion
Riyadh - Mubasher: AngelAi, the world’s first empathetic AI platform for financial services, has launched in Saudi Arabia, according to a press release. The platform provides the Saudi banks and investors with access to AI-powered growth anchored …
Global Economy
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28 September 2025 00:40 PM RAK Properties establishes Mirasol phase II
Abu Dhabi - Mubasher: RAK Properties has launched the second phase of Mirasol, an expansive resort-style apartment community on Mina, according to a press release. The development scheme comprises 280 units across visually distinct and …
Real estate
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28 September 2025 00:27 PM CBE offers EGP 55bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) worth EGP 55 billion through two tranches on Sunday, 28 September. The first tranche stood at EGP 20 billion and will mature in 91 days on 30 December 2025, …
Banking and Finance
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28 September 2025 10:51 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 27 …
Global Economy
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25 September 2025 09:54 PM IHR renews SAR 30m facility with Al Rajhi Bank
Riyadh - Mubasher: International Human Resources Company (IHR) has renewed and amended its Sharia-compliant credit facility totaling SAR 30 million with Al Rajhi Bank for one year. The company will use SAR 27.50 million to boost its working …
Companies Investments
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25 September 2025 09:22 PM Tam Development inks SAR 38m contract with Saudi gov’t
Riyadh - Mubasher: Tam Development Company signed a SAR 37.99 million contract with a government entity, on 22 September, to provide digital and operational solutions. The 24-month deal is expected to impact the company’s financial results …
Companies Investments
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25 September 2025 08:42 PM Riyadh-based DOO closes $1.7m to expand in GCC region
Riyadh - Mubasher: AI-powered customer experience platform DOO has secured $1.70 million in a funding round led by Merak Capital, with participation from Plus VC and other regional investors. Through the fresh funding, DOO will accelerate product …
Global Economy