UAE news

23 February 2025 03:24 PM ADIB inaugurates next-gen universal branch as part of vision 2035

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has opened its latest flagship branch in Dubai as part of ADIB’s strategic expansion plan in the emirate. The banking facility is located at The Village Mall in Jumeirah 1, marking ADIB’s 18th …

Global Economy

23 February 2025 02:29 PM Dubai Chamber of Commerce records over 11% increase in 2024 attestation deals

UAE – Mubasher: Dubai Chamber of Commerce attested 23,752 documents during 2024, recording robust growth of 11.3% compared to the previous year’s total, according to an official statement. The chamber provides three main attestation sub-services …

Macroeconomics

20 February 2025 09:33 PM JIT Trading intends to invest additional $15m in Egypt to meet growing consumer demand

Cairo – Mubasher: JIT Trading and Distribution has announced an expansion plan to inject an additional $15 million into the Egyptian market during 2025, according to a press release. JIT Trading is the authorised distributor for Huawei, Nokia, and …

Global Economy

20 February 2025 09:23 PM DP World facilitates 1st passenger vehicle export from Ain Sokhna Port to UAE

Cairo – Mubasher: DP World recently handled the inaugural export shipment of passenger vehicles from the Ain Sokhna Port, loaded with approximately 500 locally assembled Nissan vehicles heading to the UAE. This first export shipment marks a new …

Companies Investments

20 February 2025 08:32 PM Dubai Investments unveils strategic MoUs at regional meeting boosting cross-border cooperation

Dubai – Mubasher: Dubai Investments recently announced that its subsidiaries GlobalPharma and Emirates Float Glass (EFG) have signed strategic memoranda of understanding (MOUs) during the fifth Higher Committee Meeting of the Integrated Industrial …

Global Economy

20 February 2025 07:02 PM Egypt to have 1st company for EV charging stations upon agreement unveiled at EGYPES

Cairo – Mubasher: Hassan Allam Utilities and Infinity, in partnership with Misr Petroleum and Gastec, have signed a shareholders’ agreement to establish a company for the deployment of electric vehicle (EV) charging stations across Egypt. …

Event

20 February 2025 05:43 PM Saudi Arabia now has Riyal symbol; historic move to reinforce currency's identity

Riyadh – Mubasher: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved launching the Saudi Riyal symbol on 20 February 2025. The Riyal symbol marks a historic move that will reinforce the Saudi currency's identity, …

Central Banks

20 February 2025 05:21 PM Saudi SMEs show optimism towards 2025 upon Mastercard Confidence Index

Riyadh – Mubasher: Small and medium enterprises (SMEs) in Saudi Arabia are viewing 2025 with remarkable optimism that is driven by a robust embrace of digitalisation and innovative technologies, according to the third edition of the Mastercard SME …

Macroeconomics

20 February 2025 02:39 PM Strategic focus on tourism empowers regional mobile operators to leverage 5G as revenue driver – Report

Mubasher: A recent study assessed the mobile user experience of inbound roamers visiting Gulf countries, which offer some of the best 5G roaming speeds globally, facilitating an enhanced digital experience for visitors. The Ookla report relied on …

Macroeconomics

20 February 2025 00:50 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

19 February 2025 05:53 PM EFG Hermes KSA to lead major IPOs, deals in 2025 – Interview at CMF2025

Riyadh – Mubasher: Saud Altassan, CEO at EFG Hermes KSA, a unit of EFG Hermes Holding, said that the company is expected to witness more initial public offerings (IPOs) and acquisition deals in 2025. In an exclusive interview with Mubasher on the …

Companies Investments

19 February 2025 04:46 PM ExxonMobil features latest technologies during partaking in EGYPES 2025 as diamond sponsor

Cairo – Mubasher: ExxonMobil reaffirms its commitment to Egypt's energy future as a prominent participant at EGYPES 2025, which is held on 17-19 February at the Egypt International Exhibition Center. This participation reflects ExxonMobil's …

Global Economy

19 February 2025 03:51 PM Saudi Tadawul Group unveils capital management system during CMF2025

Riyadh – Mubasher: Saudi Tadawul Group Holding Company has launched its new Capital Management System (CMS) on the sidelines of the Capital Markets Forum (CMF) 2025, which will conclude on 19 February. The CMS marks a transformative shift in …

Event

19 February 2025 01:48 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 …

Mutual Funds

19 February 2025 09:52 AM Wamid, Google Cloud, Deloitte ink partnership agreement at CMF2025

Riyadh – Mubasher: Wamid, Google Cloud, and Deloitte have entered into a strategic trilateral agreement to develop advanced data products tailored for stakeholders in the Saudi capital market. The partnership was announced on the first day of the …

Event

19 February 2025 09:04 AM Aljazira Capital, Target launch SAR 1bn fund at CMF2025

Riyadh – Mubasher: Aljazira Capital and Target have launched AlJazira Target Al Narjus Real Estate Fund with a size exceeding SAR 1 billion, as per a statement. The launch was announced on the first day of the fifth edition of the Capital Markets …

Companies Investments

19 February 2025 08:34 AM Tadawul expected to welcome over 50 IPOs in 2025 – Al Rumaih at CMF

Riyadh – Mubasher: Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange (Tadawul) revealed that the Main Market and the Parallel Market (Nomu) welcomed more than 45 initial public offerings (IPOs) in 2024. On the sidelines of the Capital Market …

Companies Investments

18 February 2025 08:57 PM Tadawul inks agreement with Jakarta Futures Exchange at CMF2025 to attract Indonesian investments

Riyadh – Mubasher: Saudi Exchange (Tadawul) penned a new memorandum of understanding (MoU) with the Jakarta Futures Exchange (JFX) during the fifth edition of the Capital Market Forum (CMF). The joint deal aims to encourage large Indonesian firms …

Event

18 February 2025 08:20 PM SNB Capital, Awqaf Investment ink agreement at CMF2025 to enhance investment products

Riyadh – Mubasher: SNB Capital signed an agreement with Awqaf Investment to provide investment services for endowment assets exceeding SAR 8 billion, according to a press release. The deal, which was signed during the fifth edition of the Capital …

Event

18 February 2025 07:34 PM Edaa launches Edaa Connect at CMF2025 to streamline access to mutual funds

Riyadh – Mubasher: Edaa, the Securities Depository Center of the Saudi Tadawul Group launched Edaa Connect, a first-of-its-kind platform designed to transform investor access to mutual funds in the Saudi capital market. The launch was announced on …

Banking and Finance

18 February 2025 07:10 PM Saudi Tadawul Group inks MoU with Financial Academy during CMF2025

Riyadh – Mubasher: Saudi Tadawul Group signed a memorandum of understanding (MoU) with the Financial Academy on the sidelines of the fifth edition of the Capital Markets Forum (CMF), which is being held in Riyadh until 20 February. The agreement …

Companies Investments

18 February 2025 05:47 PM Arabian Drilling, Shelf Drilling form to expand offshore drilling globally

Riyadh – Mubasher: Arabian Drilling inked a memorandum of understanding (MOU) with Shelf Drilling Limited to deploy some of its premium jack-up rigs internationally. The two companies will form a strategic alliance to expand their reach and …

Global Economy

18 February 2025 00:49 PM ADNOC Distribution to launch 1st flagship service station in Egypt

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) is set to open its first flagship service station in Egypt during 2025, according to a press release. Located in New Cairo, the new station will feature an …

Global Economy

18 February 2025 10:00 AM Capital Markets Forum 2025 Kicks off in Riyadh

Riyadh – Mubasher: The fifth edition of the Capital Markets Forum (CMF) kicked off in Riyadh on Tuesday, 18 February, under the theme ‘Powering Connections’. Organised by the Saudi Tadawul Group, the event is being held under the patronage of …

Companies Investments

18 February 2025 09:12 AM Prices of investment funds including certificates in EGP, USD

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 …

Mutual Funds

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