Latest News

2 October 08:37 AM UPFRONT closes $10m pre-seed funding to back SMBs in MENA

UAE - Mubasher: UPFRONT secured a $10 million pre-seed funding, a mix of equity and debt, to address cash flow inefficiencies holding back small and medium-sized businesses (SMBs) in the MENA region. The round was co-led by Palm Ventures and …

Companies Investments

2 October 08:33 AM Fertiglobe takes over Australia’s fertilizer distribution assets

Abu Dhabi – Mubasher: Fertiglobe has completed the acquisition of the distribution assets of Wengfu Australia Pty Limited, a leading fertilizer distribution business. This deal reinforces the ADX-listed company’s commitment to customer proximity …

Companies Investments

2 October 08:29 AM Emirates expands flights to London amid high demand

UAE – Mubasher: Emirates has added six weekly flights to its London Heathrow schedule, starting 26 October 2025, following a record growth and demand in the winter season. The flights will provide more convenience and departure time choices for …

Companies Investments

2 October 08:27 AM ALEC Holdings’ IPO attracts AED 1.4bn; final price unveiled

Dubai - Mubasher: The final price for ALEC Holdings’ initial public offering (IPO) has been set at AED 1.40 per share, according to a press release. The group plans to trade 1 billion shares on the Dubai Financial Market (DFM), equivalent to 20% …

Companies Investments

2 October 08:23 AM Parkin to build 3,100 parking spaces in Dubai Sports City

Dubai - Mubasher: Parkin Company has signed a 10-year agreement to operate and manage around 3,100 new parking spaces within Dubai Sports City, according to a press release. Initial works on 900 paved spaces will commence this October and are …

Companies Investments

2 October 08:20 AM Egypt’s residential market attracts $1.4bn in private capital baked by UAE, KSA

Cairo - Mubasher: Egypt’s real estate market drew $1.40 billion in private capital as demand surges, emerging as one of MENA’s fastest-growing markets. The country now ranks third in construction activity after Saudi Arabia and the UAE, according …

Companies Investments

1 October 07:31 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 …

Companies Investments

1 October 06:59 PM Amanat Holdings’ unit obtains regulatory approval for Tadawul IPO

Dubai - Mubasher: Almasar Alshamil Education, a subsidiary of Amanat Holdings, secured the approval of the Saudi Capital Market Authority (CMA) to trade on the Main Market of the Saudi Exchange (Tadawul). Under its initial public offering (IPO), …

Initial Public Offerings

1 October 06:13 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

1 October 02:00 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, …

Companies Investments

1 October 01:49 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 …

Global Economy

1 October 12:41 PM 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

1 October 11:31 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 …

Global Economy

Ibrahim Anwar and Mohammed Darwish, Founders of Sabika

30 September 05:47 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

30 September 05:24 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

30 September 04:59 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, …

Global Economy

30 September 04:18 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 …

Banking and Finance

30 September 03:02 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 …

Companies Investments

30 September 02:50 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 …

Banking and Finance

30 September 12:58 PM 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 …

Global Economy

30 September 10:46 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

29 September 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 …

Global Economy

29 September 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 …

Companies Investments

29 September 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 …

Global Economy