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30 December 08:15 AM

Stocks News

What does EFG Hermes expect for MENA interest rates in 2026?
29 December 09:23 PM What does EFG Hermes expect for MENA interest rates in 2026?
Mubasher: The existing rate environment in the MENA region remains conducive for extending ongoing credit growth recoveries, according to a recent report by EFG Hermes, an EFG Holding Company. Meanwhile, except for the UAE and Egypt, retail credit …
Macroeconomics
Kuwait could be region’s black horse in 2026
29 December 08:39 PM Kuwait could be region’s black horse in 2026 – Report
Mubasher: The MENA region still has more to offer in 2026, and when building on Kuwait delivering on its promises in the past couple of years, especially last year, the country is forecast to be the region’s black horse, according to a report by …
Macroeconomics
Saudi Arabia's Riyadh
29 December 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes
Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …
Global Economy
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29 December 02:55 PM Bank of Palestine granted license from ADGM to expand globally
Mubasher: Bank of Palestine has received an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM to conduct regulated activities in or from ADGM. The lender will accept deposits and arrange deals in …
Global Economy
Egypt’s market closes 2025 as best-performing in MENA
28 December 04:23 PM Egypt closes 2025 as best-performing market in MENA – Report
Cairo – Mubasher: Egypt’s market is closing 2025 as the best-performing in the MENA region, surprising positively in the year as it perfectly rode the tide of positive sentiment around emerging markets, according to a report by the EFG Holding …
Macroeconomics
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28 December 02:52 PM Raya Trade to distribute AUKEY products in Egyptian market
Cairo - Mubasher: Raya Trade and Distribution, a subsidiary of Raya Holding for Financial Investments, has signed a strategic partnership agreement with AUKEY MEA to serve as the authorized distributor of AUKEY products in the Egyptian market. The …
Global Economy
Photo Archive
28 December 09:18 AM GCC-focused LuLu inaugurates new express store in Sharjah
Abu Dhabi - Mubasher: Lulu Retail Company, the largest pan-GCC full-line retailer, has opened an express store in Khor Fakkan, Sharjah. The new launch, spanning 24,378 square feet, is designed to serve the daily shopping needs of the local …
Global Economy
Valu collaborates with Tactful AI
25 December 08:45 PM Valu collaborates with regional platform Tactful AI to enhance digital ecosystem
Cairo – Mubasher: Financial technology powerhouse Valu, listed as U Consumer Finance, has entered into a strategic partnership with Tactful AI, a regional platform focused on in AI-powered customer experience transformation, according to a press …
Global Economy
Cross-listed Orascom Construction is testing significant support level – Analysis
25 December 06:43 PM Cross-listed Orascom Construction is testing significant support level – Analysis
Cairo – Mubasher: The stock of Orascom Construction is currently experiencing a downward trajectory, supported by continued trading below the moving average. However, the price has managed to show positive signals from a significant demand area …
Stock Evaluations
Khaled Saoud-Al Hasan, GIG Group CEO
25 December 04:42 PM MENA cross-listed insurance group GIG announces retirement of Al Hasan
Mubasher: The board of Gulf Insurance Group (GIG) has accepted the retirement request of Khaled Saoud Al Hasan from his position as GIG Group CEO, according to a press release. Al Hasan’s retirement marks the conclusion of half-century of …
Corporate Actions
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 …
Banking and Finance
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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, …
Global Economy
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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 …
Companies Investments
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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
Photo Archive
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, …
Companies Investments
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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 …
Global Economy
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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 …
Companies Investments
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 …
Companies Investments
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 …
International Agreements
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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 …
Global Economy