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3 hours ago anb capital, Lexham Partners to launch MENA-dedicated $200m growth fund
Riyadh – Mubasher: anb capital and Lexham Partners have rolled out plans to launch a $200 million Growth Fund dedicated to the MENA region, with a strategic focus on Saudi Arabia. The fund will support category-defining tech firms at the growth …
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4 hours ago Khazna secures $2.62m financing led by ADCB, FAB to back international growth
UAE - Mubasher: Khazna Data Centers has secured a $2.62 billion financing facility, in partnership with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB), to fuel its UAE and international growth plans. Holding a tenor lasting up to …
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5 hours ago US-based Adams Street enters GCC region via Abu Dhabi office
UAE - Mubasher:  Adams Street Partners, an American private equity firm, has opened its office in Abu Dhabi, marking its entry into the GCC region, according to a press release. Located in Abu Dhabi Global Market (ADGM), the new office will boost …
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11:55 AM Naqi Water, MEMCO sign EUR 900,000 deal
Riyadh — Mubasher: Naqi Water Company penned a deal with Middle East Factory for Machines Company Limited (MEMCO) at an amount of EUR 900,000, according to a bourse filing. Signed on 2 September, the agreement covers the supply and installation of …
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11:45 AM Jazeera Airways strengthens regional network with return to Abu Dhabi, Al Ain
Mubasher: Jazeera Airways, Kuwait’s leading low-cost carrier, relaunched direct flights to Abu Dhabi and Al Ain in the UAE, starting on 2 October 2025, according to a press release. Besides Dubai, the airline will fly to three destinations in the …
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11:24 AM ADNOC, RIQ forge $500m partnership to anchor Abu Dhabi’s global risk hub
Abu Dhabi – Mubasher: RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of International Holding Company (IHC), entered into a strategic agreement with ADNOC. The partnership aims to …
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10:35 AM Wataniya, Knowledge Net, Al Sagr Cooperative unveil new key appointments
Riyadh – Mubasher: Wataniya Insurance Company announced Hussien Akeil and Faisal Charara as the board’s Chairman and Vice Chairman, respectively. The Insurance Authority (IA) greenlighted the appointment on 28 August 2025, according to a bourse …
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10:20 AM Fakeeh Care inks SAR 720m facility deals with SAB, SNB
Riyadh - Mubasher: Dr Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care) secured Sharia-compliant credit facility deals with the Saudi Awwal Bank (SAB) and the Saudi National Bank (SNB) at a combined value of SAR 720 million. The group …
Karim Shehata, CEO of Basata Holding
10:07 AM Basata unveils $7m investment plans, mulls expansion in Gulf markets
Cairo – Mubasher: Egypt-based e-payment services company Basata Holding for Financial Payments plans to invest approximately $7 million in 2026 to reinforce its market position. The company is currently studying the potential acquisition …
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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 …
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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 …
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3 September 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, …
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3 September 05:06 PM Saudi Arabia’s PMI up to 56.4 in August on higher sales
Riyadh - Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia hit 56.4 in August 2025, up slightly from 56.3 in July, according to Riyad Bank’s latest data. The index remained above the neutral 50 threshold, …
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3 September 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 …
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3 September 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 …
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3 September 11:07 AM Hilwa names new Chairman, Vice Chairman
Riyadh – Mubasher: Aljouf Mineral Water Bottling Company (Hilwa) announced Ashry bin Saad bin Muzail Al Ashry as the board’s Chairman for the coming four years, according to a bourse filing. Fahd bin Mohammed bin Ibrahim Al Habdan was named as the …
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3 September 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 …
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3 September 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 …
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3 September 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 …
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3 September 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 …
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3 September 08:47 AM Mouwasat unveils SAR 1.3bn hospital expansions across Saudi Arabia
Riyadh - Mubasher: Mouwasat Medical Services Company expanded hospital projects across Saudi Arabia, with a total cost of SAR 1.38 billion, according to bourse disclosures. The expansion plan will be self-financed and funded by local banks with …
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2 September 05:23 PM Al Arabia’s unit to begin trading on Nomu this week
Riyadh - Mubasher: National Signage Industrial Company (Signworld), affiliated with Arabian Contracting Services Company (Al Arabia), is expected to start trading on the Saudi Parallel Market (Nomu) on Wednesday, 3 September 2025. The company will …
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2 September 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 …
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2 September 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 …
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2 September 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, …