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12 November 07:27 AM

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10 November 12:11 PM Flynas records SAR 6bn revenues in 9M-25 supported by global expansions
Riyadh - Mubasher: Flynas company shifted to net losses valued at SAR 594.43 million in the first nine months (9M) of 2025, against net profits of SAR 492.62 million in 9M-24. Meanwhile, the revenues grew by 2.91% to SAR 6.06 billion in 9M-25 from …
Financial Results
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5 November 06:23 PM ADNOC Drilling fosters GCC expansion via stake acquisition in MB Petroleum Services
Abu Dhabi – Mubasher: ADNOC Drilling Company has entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), according to a press release. Subject to regulatory approvals, the transaction marks its second acquisition in the …
Mergers and Acquisitions
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4 November 03:30 PM Al Ramz Corporation’s profits soar in 9M-25 due to regional expansion plans
Dubai - Mubasher: Al Ramz Corporation Investment and Development recorded net profits valued at AED 32.38 million in the first nine months (9M) of 2025, higher by 252% than AED 9.20 million in 9M-24. Basic and diluted earnings per share (EPS) …
Global Economy
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3 November 03:30 PM Beltone Venture Capital exits Morocco’s Cathedis with high return
Cairo – Mubasher: Beltone Venture Capital, a subsidiary of the listed Beltone Holding, has exited from Morocco’s leading last-mile delivery and logistics platform Cathedis, achieving an exceptional 100% Internal Rate of Return (IRR). This …
Companies Investments
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2 November 07:43 PM EFG Hermes advises Jahez on $245m majority stake acquisition in Qatar’s Snoonu
Cairo - Mubasher: EFG Hermes, an EFG Holding company, acted as the buy-side advisor to Jahez International Company for Information Systems Technology (Jahez) on its $245 million acquisition of a 76.56% stake in Snoonu Holding Company (Snoonu). The …
Companies Investments
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2 November 07:36 PM SAL marks 1st international expansion via partnership with TAM Group
Riyadh - Mubasher: SAL Saudi Logistics Services Company has signed a strategic partnership deal with TAM Group to enhance air cargo operations between Saudi Arabia and China. The deal marks SAL’s first international expansion and entry into the …
Companies Investments
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2 November 12:19 PM ADES Holding resumes contracts in Saudi Arabia to meet global demands
Riyadh - Mubasher: ADES Holding Company has received resumption notices for one of its offshore contracts and several onshore contracts in Saudi Arabia. Expected to commence in January 2026, the offshore contract aims to meet its client’s needs, …
Companies Investments
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2 November 12:11 PM Future Vision pens deal to organize MENATox 2026 World Congress
Riyadh - Mubasher: Future Vision for Health Training Company signed a cooperation agreement with the Clinical Toxicology Association in the MENA region at a value of SAR 3 million. The listed company will implement the MENATox 2026 World Congress …
Event
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30 October 12:31 PM Ooredoo records QAR 3bn net profits in 9M-25
Mubasher: National Mobile Telecommunications Company (Ooredoo) registered net profits attributable to the shareholders worth QAR 3.08 billion in the first nine months (9M) of 2025. The earnings are higher by 6% year-on-year (YoY) than QAR 2.92 …
Financial Results
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30 October 06:31 AM Phoenix Group records $92m revenues in 9M-25, accelerates global expansion plans
Abu Dhabi - Mubasher: Phoenix Group incurred net losses attributable to shareholders worth $299.13 million in the first nine months (9M) of 2025, versus net profits of  $169.84 million in 9M-24. Revenues dropped to $92.32 million in 9M-25 from …
Financial Results
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29 October 10:30 AM Aramco eyes minority stake in PIF-owned HUMAIN to reinforce AI capabilities globally
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) signed a non-binding term sheet with the Saudi Public Investment Fund (PIF) to acquire a minority stake in HUMAIN, according to a press release. The oil giant aims to advance a full range of AI …
Global Economy
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27 October 02:19 PM Al Majed for Oud strengthens regional footprint via branch in ADGM
Riyadh - Mubasher: The board of Al Majed for Oud Company has approved the establishment of a branch in the Abu Dhabi Global Market (ADGM) to reinforce its regional presence, according to a bourse disclosure. Al Majed for Oud will adhere to the …
Global Economy
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21 October 12:49 PM Lulu Retail expands Saudi presence with new hypermarket in Riyadh
Mubasher: Lulu Retail Holdings has opened a new 63,995-square-foot hypermarket in Tuwaiq, Riyadh, as part of its 2025 expansion strategy. The new branch offers fresh produce, groceries, electronics, fashion, home essentials, and ready-to-eat …
Global Economy
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20 October 08:08 AM Vulcan expands GenAI solutions in MENA via partnership with Presight
Abu Dhabi - Mubasher: The Vulcan innovative GenAI security solutions announced strategic partnerships at the GITEX Global 2025 conference to expand across the MENA region. Through the Presight AI-Startup Accelerator, leading members of the G42 …
Global Economy
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19 October 09:18 AM ACWA Power’s affiliate closes SAR 10.8bn financing for Qurayyah CCGT IPP project
Riyadh - Mubasher:  Hajar Two Electricity Company, an affiliate of ACWA Power company, has achieved financial close of the Qurayyah CCGT IPP expansion project in the Eastern province of Saudi Arabia at an amount of SAR 10.80 billion ($2.90 …
Companies Investments
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19 October 08:59 AM Emirates NBD reinforces global position via $3bn stake in India’s RBL Bank
Dubai - Mubasher: Emirates NBD entered into definitive agreements to acquire a controlling stake in India-based RBL Bank Limited through a primary infusion of approximately $3 billion. The proposed transaction aligns with the DFM-listed bank’s …
Companies Investments
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16 October 06:56 AM Aramex partners with AWS to transform global IT infrastructure.
Dubai - Mubasher: Aramex has migrated its Oceania data center (DC) to Amazon Web Services (AWS) cloud, marking the beginning of its extensive global IT modernization journey. The move aims to enhance operational agility, resilience, and …
Global Economy
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16 October 06:52 AM MENA-focused Talabat’s CEO steps down; Gyssels appointed
Dubai – Mubasher: MENA-focused Talabat Holding announced the resignation of its CEO Tomaso Rodriguez, as part of a planned leadership transition, according to a press release. Rodriguez, who held the position for six years, will continue …
Global Economy
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14 October 02:55 PM Emirates NBD scales cross-border payment network to 40 countries globally
Dubai - Mubasher: Emirates NBD has expanded its near real-time cross-border payment network to over 40 countries worldwide, allowing customers to send funds faster and with unprecedented savings. In this regard, Emirates NBD customers will be able …
Companies Investments
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14 October 12:50 PM MENA’s leading fintech Valu, PayTabs Egypt reshape digital payment landscape
Cairo - Mubasher: MENA’s leading universal fintech powerhouse U Consumer Finance (Valu) joined forces with PayTabs Egypt to accelerate the country’s digital payment transformation, according to a press release. The strategic collaboration will …
Banking and Finance
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13 October 01:47 PM Tabreed closes 2 largest transactions to accelerate regional growth
Dubai - Mubasher: National Central Cooling Company (Tabreed) has completed its largest-ever transactions, marking a major step in accelerating regional growth and strengthening its concession-backed business model. Tabreed, in partnership with CVC …
Companies Investments
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12 October 05:00 PM ADNOC L&S, TA’ZIZ to build UAE’s 1st chemicals port in Ruwais
Abu Dhabi - Mubasher: ADNOC Logistics & Services (ADNOC L&S) and TA’ZIZ have signed an agreement to establish the UAE’s first dedicated chemicals port at the TA’ZIZ Industrial Zone in Al Ruwais. Under the 50-year deal, ADNOC L&S will build, own, …
Global Economy
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9 October 09:47 AM PureHealth acquires Greece’s largest private healthcare group to reinforce global platform
Abu Dhabi - Mubasher: PureHealth Holding has completed the acquisition of its 60% stake in Hellenic Healthcare Group (HHG), Greece and Cyprus’s leading private healthcare provider, for a total of EUR 800 million. The transaction implies a 100% …
Mergers and Acquisitions
Metin Zavrak, CEO of STC Pay Bahrain,
8 October 01:28 PM STC Pay intends to expand regionally, double growth – CEO at FinTech Forward
By: Ahmed El-Shamsy Mubasher: Metin Zavrak, CEO of STC Pay Bahrain, a unit of Saudi Telecom Company (stc), unveiled plans to expand the mobile wallet across the Middle East and the GCC region. In an exclusive interview with Mubasher on the …
Event
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8 October 09:10 AM Dubai Investments to double subsidiary’s glass capacity with MENA’s 1st ultra-clear line
Dubai - Mubasher: Dubai Investments plans to double production at its wholly owned subsidiary, Emirates Float Glass (EFG), with a second float line. The new line will boost EFG’s daily capacity to 1,200 tons from 600 tons and debut MENA’s first …
Companies Investments