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25 December 12:05 AM

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KKR
23 December 11:41 PM Global firm KKR unveils 1st investment in Saudi Arabia through partnership with ACWA Power
Riyadh – Mubasher: US private equity company KKR has entered into a strategic financing transaction with ACWA Power in a transaction that marks the first investment for KKR in Saudi Arabia, according to a press release. The collaboration …
Global Economy
First Abu Dhabi Bank (FAB)
23 December 09:39 PM FAB teams up with Mastercard for new businesses product in first for EEMEA region
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has collaborated with Mastercard to officially launch the company’s proprietary mobile-first virtual card number (VCN) solution for businesses, according to a press release. The new solution, which …
Global Economy
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22 December 02:25 PM e&’s subsidiary fully acquires UPC Slovakia from Liberty Global
Abu Dhabi – Mubasher: O2, the mobile operator in Slovakia and part of the e& PPF Telecom Group, signed a binding agreement with Liberty Global to take over UPC Broadband Slovakia (UPC Slovakia) for of EUR 95 million on a cash-free, debt-free …
Global Economy
Al Wathba Insurance
22 December 01:01 PM Al Wathba Insurance becomes 1st UAE insurer to access Lloyd’s of London
Abu Dhabi - Mubasher: Al Wathba National Insurance Company invested in London Bridge 2 PCC, Cell 27, marking a major step in its growth journey with the finalization of a key strategic investment. In line with its revenue diversification strategy, …
Banking and Finance
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16 December 09:26 AM LuLu boosts regional expansion strategy with new launch in Saudi Arabia
Abu Dhabi - Mubasher: Lulu Retail Company has opened a new hypermarket in Aziz Mall, bringing its total store network in Saudi Arabia to 65 locations, according to a press release. The opening aligns with Lulu’s expansion roadmap, with additional …
Global Economy
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14 December 07:37 PM IHC expands global portfolio by increasing stake in Invictus Investment
Abu Dhabi - Mubasher: International Holding Company (IHC) has raised its stake in Invictus Investment Company to approximately 40% in a major block trade valued at AED 420 million. IHC acquired 196 million shares, adding a further 17.50% …
Companies Investments
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11 December 04:28 PM Edita unveils EGP 4bn investment plan for 2026 to boost regional production capacity
Cairo - Mubasher: Edita Food Industries has rolled out an EGP 4 billion investment program for 2026 in line with its expansion strategy, according to a bourse filing. The plan targets major expansions across Edita’s factories in Egypt, Morocco, …
Global Economy
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10 December 11:21 AM Alpha Dhabi Holding, Mubadala’s JV acquires European lending assets from Apollo
Abu Dhabi – Mubasher: Alpha Dhabi Holding and Mubadala Investment’s joint venture (JV) has acquired a European Direct Lending portfolio managed by Apollo Global Management, according to a press release. Since its establishment in 2023, the JV has …
Companies Investments
Photo Archive
9 December 01:47 PM Orascom Construction, OCI Global to merge into Abu Dhabi-based platform
Mubasher: Orascom Construction and OCI Global agreed to establish a joint Abu Dhabi-anchored infrastructure and investment platform with enhanced reach, diversification, and growth prospects. Orascom Construction’s board approved the previously …
Companies Investments
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9 December 11:54 AM Talabat, KGCA partner to enhance operations in Kuwait
Dubai – Mubasher: Talabat Holding entered into a strategic partnership with the non-profit company Kuwait Gastronomy and Culinary Arts (KGCA) to support the sustainable growth of Kuwait’s culinary ecosystem. The partnership aligns with the Kuwait …
Global Economy
FAB's Group CEO Hana Al Rostamani and Amundi's CEO Valérie Baudson
9 December 10:36 AM FAB, Europe’s leading asset manager Amundi to boost investment solutions in GCC
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) signed a memorandum of understanding (MoU) with Amundi, Europe’s leading asset manager, to expand access to world-class investment solutions in the GCC region. The partnership further strengthens …
Banking and Finance
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9 December 10:10 AM ExxonMobil, Aramco, Samref join forces to upgrade Yanbu refinery
Riyadh - Mubasher: ExxonMobil, Saudi Arabian Oil Company (Aramco), and Samref have signed a venture framework agreement (VFA) to evaluate a significant upgrade of the Samref refinery in Yanbu. The three parties will join forces to expand the …
Companies Investments
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8 December 04:40 PM IHC’s subsidiary Zelo expands in Middle East via $715m capital allocation
UAE – Mubasher: Zelo, the UAE’s next-generation private-credit platform, has secured $715 million in capital allocation from International Holding Company (IHC) to scale its supply chain financing capabilities across the Middle East region. The …
Banking and Finance
Photo Archive
8 December 11:48 AM Maridive’s unit wins 15-year petroleum services contract in GCC country
Cairo - Mubasher: Maridive Offshore Projects, a subsidiary of Maridive & Oil Services, secured a 15-year contract in Qatar to provide maintenance and production support services in the petroleum sector. The contract holds an annual value of $10.15 …
Global Economy
Photo Archive
7 December 04:39 PM KABO unveils international agreements, expansion plan including export lines
Cairo - Mubasher: El-Nasr Clothing and Textiles Company (KABO) announced a development plan to boost the export production lines and carry out a comprehensive expansion of El-Amreya and El-Hadara factories. KABO intends to increase the daily …
Companies Investments
Moro Hub and PwC Middle East
3 December 03:50 PM DEWA’s Moro Hub joins PwC Middle East to drive tech initiatives across region
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has entered into a strategic collaboration with PwC Middle East to advance the development and implementation of tech …
Global Economy
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27 November 07:47 AM Aramco to launch AI-focused office in Paris to expand global footprint
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco)plans to launch a new Aramco Ventures office in Paris, Executive Vice President of Technology and Innovation Ahmad Al Khowaiter announced. Al Khowaiter affirmed that the energy sector is vital …
Companies Investments
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26 November 05:37 PM ADES Holding acquires Shelf Drilling to fuel global expansion
Riyadh - Mubasher: ADES Holding Company has acquired Shelf Drilling Limited through a cash merger, anchoring the Saudi group’s position as a global leader in offshore drilling. ADES Holding currently has a combined fleet of 83 offshore units and …
Global Economy
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26 November 11:08 AM GFH Partners acquires majority stake in Devmark to foster GCC residential ecosystem
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, owned a majority shareholding in Devmark Real Estate Brokers L.L.C, the UAE’s leading real estate development project sales and marketing platform. The transaction marks GFH Partners’ …
Global Economy
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24 November 01:07 PM GB Corp’s unit secures EGP 5bn syndicated credit facility to fuel expansion
Cairo – Mubasher: Drive Finance, a subsidiary of GB Corp, signed a syndicated credit facility valued at EGP 5 billion, according to a press release. The facility is part of the company's strategy to diversify its funding sources and support its …
Companies Investments
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23 November 08:04 PM AD Ports attracts AED 1.1bn investments from two Indian companies
Abu Dhabi – Mubasher: KEZAD Group, part of Abu Dhabi Ports Company (AD Ports), has signed two land lease agreements of more than AED 1.10 billion investments with two leading Indian business groups, Jindal SAW Group and Haldiram Group. The two …
Companies Investments
Photo Archive
23 November 11:13 AM GCC-focused LuLu Retail opens new mini market in Dubai
Abu Dhabi - Mubasher: Lulu Retail Company, the largest pan-GCC full-line retailer, has opened a new mini market in Dubai, according to a press release. Located in Oud Metha, the new launch supports LuLu’s ongoing commitment to expanding its retail …
Global Economy
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20 November 08:31 PM AD Ports acquires PIF-owned SEIC’s stake in Alexandria Containers for EGP 13.2bn
Mubasher: Abu Dhabi Ports Company (AD Ports) has purchased the Saudi Egyptian Investment Company’s (SEIC) ownership in Alexandria Containers and goods in a deal valued at EGP 13.23 billion.  The ADX-listed group acquired a 19.32% stake in …
Mergers and Acquisitions
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20 November 12:57 PM Aramco inks agreements worth over $30bn with US-based companies
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco), through its Aramco Group Companies has signed 17 memoranda of understanding (MoUs) and agreements at an estimated total value exceeding $30 billion with major companies in the US, according to …
Global Economy
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20 November 07:03 AM Channels by stc, ABANA bower telecom services at Seamless KSA 2025
Riyadh – Mubasher: Channels by Saudi Telecom Company (stc) and ABANA signed an agreement to provide installation services across various telecommunications and information technology fields. The two companies aim to deliver management and …
Global Economy