الصفقة مع الشركة.

It can be understood either way, depending on context.

• As a phrase, it means the deal with the company.
• In context, it can also function like a nominal sentence meaning The deal is with the company.

Arabic often allows short verbless expressions in the present tense, so something that looks like a phrase in English can work as a complete statement in Arabic.

In Modern Standard Arabic, the verb to be is usually not written or spoken in the present tense.

So:

• الصفقة مع الشركة = The deal is with the company

There is no need to add a separate word for is.

But in other tenses, Arabic does use a verb:

• كانت الصفقة مع الشركة = The deal was with the company

So the missing is is normal Arabic grammar, not an omission.

Because both nouns are definite:

• الصفقة = the deal
• الشركة = the company

English learners sometimes expect only the first noun to take the, but in Arabic each noun shows definiteness for itself.

Also, the preposition مع does not make a noun indefinite. So after مع, you can still have:

• مع الشركة = with the company

Because مع means with, and it shows a relationship like association, involvement, or interaction.

So:

• الصفقة مع الشركة = the deal with the company

If you put the nouns directly together, you get a different structure called iḍāfa:

• صفقة الشركة = the company’s deal / the deal of the company

That is not the same meaning.

So this is an important contrast:

• الصفقة مع الشركة = the deal with the company
• صفقة الشركة = the company’s deal

After the preposition مع, the following noun is in the genitive case.

So in fully vocalized Arabic, it would be:

• مَعَ الشَّرِكَةِ

The final -i sound marks the genitive.

The full phrase, with case endings, could be:

• الصَّفْقَةُ مَعَ الشَّرِكَةِ

if الصفقة is the subject or a standalone citation form.

In normal Arabic writing, those short case vowels are usually not written, so you just see:

• الصفقة مع الشركة

That final ة is called tāʾ marbūṭa. It often marks a noun as feminine.

Here:

• صفقة is a feminine noun
• شركة is also a feminine noun

In pause, it usually sounds like -a:

• ṣafqa
• sharika

But when fully pronounced with case endings, it is pronounced with a t sound before the ending:

• الصَّفْقَةُ = aṣ-ṣafqatu
• الشَّرِكَةِ = ash-sharikati

So English speakers should know that the written ة does not always sound the same way.

A good pause pronunciation is:

• aṣ-ṣafqa maʿa ash-sharika

A fuller careful reading with case endings is:

• aṣ-ṣafqatu maʿa ash-sharikati

A few pronunciation notes:

• ص in الصفقة is an emphatic s
• ق is a deep q sound, not an English k
• ع in مع is a throat sound with no exact English equivalent
• In both الصفقة and الشركة, the ل of ال is not pronounced separately because the next letter is a sun letter

Because both words begin with sun letters after ال:

• ص in الصفقة
• ش in الشركة

With sun letters, the l sound of ال is absorbed into the next consonant.

So:

• الصفقة is pronounced aṣ-ṣafqa, not al-ṣafqa
• الشركة is pronounced ash-sharika, not al-sharika

This is a pronunciation rule only. The spelling still stays ال.

For this meaning, الصفقة مع الشركة is the normal and natural order.

It starts with the noun being talked about:

• الصفقة = the deal

Then adds the prepositional phrase:

• مع الشركة = with the company

You may sometimes see different word orders in more literary or emphatic contexts, but for a learner, الصفقة مع الشركة is the standard pattern to use.

Because the case of الصفقة depends on its grammatical role in the larger sentence.

For example:

• الصَّفْقَةُ مع الشركةِ = The deal is with the company
  Here الصفقةُ is nominative.

• رأيتُ الصَّفْقَةَ مع الشركةِ = I saw the deal with the company
  Here الصفقةَ is accusative because it is the object.

So the second noun after مع stays genitive, but the first noun can change depending on how the whole sentence is built.