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15 June 2025 05:47 AM IHC launches ADGM-based RIQ to redefine global reinsurance landscape
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in Abu Dhabi Global Market (ADGM). The new brand supports the objectives of IHC, …
Global Economy
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12 June 2025 08:06 PM Saudia launches direct flights between Riyadh, Vienna to boost global connectivity
Riyadh – Mubasher: Saudia has inaugurated its first direct and scheduled flights from Riyadh to Vienna, the capital of Austria, according to a press release. Launched in collaboration with the Air Connectivity Program (ACP), the strategic route …
Global Economy
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12 June 2025 05:37 AM DHL Group fuels regional expansion plans via EUR 500m investments
Mubasher: DHL Group, the world's leading logistics provider, plans to invest more than EUR 500 million in the Middle East, mainly focusing on Saudi Arabia and the UAE, according to a press release. The group aims to inject the investment between …
Companies Investments
Founders of Qanooni
12 June 2025 04:44 AM Dubai-based regtech Qanooni closes $2m funding round to drive regional expansion
UAE – Mubasher: Dubai-based legal technology startup Qanooni has raised $2 million in a pre-seed round led by Village Global, Oryx Fund by Salica Investments, TA Ventures, and strategic angels. The startup will utilize the capital to accelerate …
Global Economy
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11 June 2025 09:41 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, except for the …
Global Economy
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10 June 2025 01:58 PM Nettlestone Capital Advisors expands regional footprint via DIFC office
UAE – Mubasher: Nettlestone Capital Advisors, a senior-led advisory and capital raising firm, officially launched its business in the Dubai International Financial Centre (DIFC), according to a press release. The group offers a combination of …
Companies Investments
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10 June 2025 09:56 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, except for the …
Banking and Finance
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9 June 2025 02:38 PM Wipro launches new regional office in Riyadh
Riyadh – Mubasher: Wipro Limited has relocated its Middle East regional headquarters from Al Khobar to Riyadh, according to a press release. The new office supports Wipro’s growing presence in the region, which includes offices in Riyadh, Al …
Global Economy
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9 June 2025 00:18 PM Aldar to launch region’s 1st King’s College School Wimbledon in Abu Dhabi
Abu Dhabi – Mubasher: Aldar Properties joined forces with King’s College School Wimbledon to establish its first regional campus on Abu Dhabi’s Fahid Island, according to a press release. After securing regulatory approvals, the new K-12 …
Global Economy
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9 June 2025 10:51 AM GCC-focused Meedaf launches JV to transform financial landscape in UAE
Mubasher: ADGM-licensed Meedaf unveiled a strategic joint venture (JV) with Brink’s, a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Launched in April 2025 to serve financial …
Companies Investments
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8 June 2025 11:20 AM Gulf of America’s oil production to maintain stability in 2026 – EIA
Mubasher: Crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, according to the U.S. Energy Information Administration (EIA). This is compared to …
Sector Reports
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8 June 2025 10:08 AM ADFD pumps AED 216.5bn financing in 2024 to support sustainable development worldwide
UAE – Mubasher: Abu Dhabi Fund for Development (ADFD) injected development financing totaling AED 216.50 billion by the end of 2024, benefitting 107 countries across various continents. This total comprises AED 157 billion in concessional loans, …
Sector Reports
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8 June 2025 09:13 AM Jazeera Airways launches 1st direct flight to Budapest
Mubasher: Jazeera Airways launches twice-weekly flights between Kuwait and Budapest, Hungary, marking the first-ever non-stop air connection between the two countries. This move marks key opportunities for tourism, business, and cultural exchange, …
Companies Investments
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8 June 2025 08:58 AM Multiply Group supports global expansion plans via MMG
Abu Dhabi – Mubasher: Multiply Group has launched Multiply Media Group (MMG) to fuel its global expansion plans, according to a recent press release. The ADX-listed group united the three market-leading out-of-home (OOH) companies under its …
Global Economy
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8 June 2025 08:22 AM DP World, Mawani inaugurate SAR 3bn terminal to boost global trade connectivity
Mubasher: DP World and Saudi Ports Authority (Mawani) launched the South Container Terminal at Jeddah Islamic Port, supporting DP World’s SAR 3 billion ($800 million) expansion and development plans. The program aims to upgrade the terminal and …
Global Economy
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5 June 2025 01:13 PM Transamerica Life Bermuda launches in DIFC to boost global expansion
UAE - Mubasher: Transamerica Life Bermuda, the global high-net-worth (HNW) life insurer, is set to launch business in Dubai International Financial Centre (DIFC), according to a press release. The Dubai Financial Services Authority (DFSA) has …
Companies Investments
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5 June 2025 00:49 PM Forbes Middle East, Beltone Holding to launch Top Advisors & Investors Summit
Cairo – Mubasher: Forbes Middle East and Beltone Holding partnered to launch the Top Advisors & Investors Summit, which is set to be held in Cairo during the second half (H2) of 2025, according to a press release. The summit aims to contribute to …
Companies Investments
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4 June 2025 00:25 PM NMDC strengthens regional presence in MENA’s energy sector via stake acquisition deal
Abu Dhabi – Mubasher: NMDC LTS, a wholly owned subsidiary of National Marine Dredging Company (NMDC), acquired a 70% stake of the share capital and voting rights in Emdad, according to a press release This move aligns with NMDC’s strategy to drive …
Global Economy
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4 June 2025 08:15 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, except for the …
Banking and Finance
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3 June 2025 05:05 PM Stride Ventures eyes business in Saudi Arabia to fuel regional expansion plans
Riyadh – Mubasher: Stride Ventures, a global venture debt firm, has unveiled plans to launch a business in Saudi Arabia in line with its growth strategy in the GCC region. Stride Ventures currently boasts an active investment pipeline of up to …
Global Economy
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2 June 2025 04:04 PM Giza Systems announces new CEO appointment, regional expansion plans
Mubasher: Giza Systems, Egypt-based subsidiary of Arabian Internet and Communications Services Company (solutions) by Saudi Telecom Company (stc), appointed Ahmad Elharany as Group CEO. The company announced the appointment during a roundtable …
Corporate Actions
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2 June 2025 11:26 AM Flynas launches 2 weekly direct flights to Damascus
Riyadh – Mubasher: Flynas has announced two weekly direct flights between Jeddah and Damascus as of 12 June, within the framework of the company's regional expansion, according to a press release. The Saudi carrier seeks to meet travelers needs …
Companies Investments
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2 June 2025 07:51 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, except for the …
Banking and Finance
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20 May 2025 08:11 AM TMG Holding boosts regional expansion via development deal with Oman
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …
Companies Investments
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1 May 2025 02:00 AM Ooredoo’s profits up 5% in Q1-25; total revenues hit QAR 5.8bn
Mubasher: National Mobile Telecommunications Company (Ooredoo) achieved profits attributable to the owners amounting to QAR 960 million in the first quarter (Q1) of 2025, up 5% from QAR 913 million in Q1-24.Total revenues stood at QAR 5.85 billion as
Sector Reports