Mubasher: Saudi Arabia, the UAE, and Egypt accounted for 92% of total venture capital (VC) funding in the MENA region, according to a report by MAGNiTT. Saudi startups raised $400 million in VC funding in 2023, up 602% year-on-year (YoY), the …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Thursday’s trading session lower by 1.57 points (0.03%) at 3,978.75 points. A total of 512.02 million shares were exchanged during the session at a value of AED 423.74 million. …
Dubai – Mubasher: Emirates Building Systems (EBS), a wholly-owned subsidiary of Dubai Investments, has secured major contracts exceeding a value of AED 225 million, according to a press release. The new projects include Advanced Manufacturing …
Dubai – Mubasher: Parkin Company has entered into an agreement with a private developer to offer parking services at new six key locations in the Emirate of Dubai, according to a press release. In line with the company’s targeted growth strategy, …
UAE – Mubasher: Etihad Airways has signed a joint-venture (JV) agreement with China Eastern Airlines, marking the first such partnership between a Middle Eastern and Chinese carrier. The JV aims to jointly develop and expand routes connecting the …
Mubasher: Fitch Ratings affirmed the long- and short-term Issuer Default Ratings (IDR) rating of GFH Financial Group at ‘B’, with the outlook on the long-term IDR remaining stable. Fitch has also maintained the senior unsecured long-term rating …
Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …
Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …
UAE – Mubasher: Dubai-based AI startup qeen.ai has secured a $2.20 million pre-Seed funding round to reshape the global e-commerce landscape in the MENA region, according to a press release. The fundraising was led by Wamda Capital, along with …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 5.65 points (0.14%) on Wednesday and closed the trading session at 3,980.32 points. A total of 347.98 million shares were exchanged during the session at a value of AED 417.19 …
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) was kept unchanged from April 2024 at 55.3 in May, according to the latest S&P Global PMI data. The reading was still higher than its long-run average of 54.4, …
Abu Dhabi – Mubasher: Presight AI Holding and Esyasoft formed a new joint venture (JV) named IntelliGrid during the Baku Energy Week in Azerbaijan, according to a press release. This strategic partnership will deploy smart gas grids, enhanced …
UAE – Mubasher: The UAE climbed from 13th to 6th globally for international tourism receipts in 2023 after logging $51.90 billion. Leading the rankings were the US at $176 billion, followed by Spain, the UK, France, and Italy, according to the UN …
UAE – Mubasher: Malaysian Prime Minister Anwar Ibrahim met with the UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi to deepen economic relations between the countries. Al Zeyoudi also held talks with Malaysian Investment, Trade, …
Mubasher: UAE-based traveltech Tumodo has partnered with Saudi fintech Tabby to accelerate growth in the UAE travel industry, which is projected to reach $1.40 trillion by 2024. Integrating Tumodo's services into Tabby's business processes will …
UAE – Mubasher: Emirates has partnered with Airbus and the International Air Transport Association (IATA) to launch a competency-based training and assessment (CBTA) programme for the Airbus A350 type rating, as the Dubai-based carrier prepares …
Cairo – Mubasher: Ericsson teamed up with Vodafone Egypt to expand the latter’s mobile network with the introduction of Ericsson’s triple-band radio, supporting Time Division Duplex (TDD) and Frequency Division Duplex (FDD) spectrum. Radio 4466, …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) showed a negative performance on Tuesday after losing 7.06 points (0.17%) and ending the trading session at 3,985.97 points. A total of 169.93 million shares were exchanged during the …
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …
UAE – Mubasher: Khalifa Economic Zones Abu Dhabi (KEZAD Group), a subsidiary of AD Ports Group, has signed a 50-year lease agreement with NMDC Energy, a subsidiary of the National Marine Dredging Company (NMDC), to construct a factory in Abu …
Abu Dhabi – Mubasher: RAK Ceramics completed the acquisition of RAK Porcelain, making it a wholly-owned subsidiary, according to a bourse statement. The transaction, which was announced on 3 June, aligns with the ADX-listed company’s commitment to …
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Manazel greenlighted a capital hike to AED 3.12 billion from AED 2.60 billion, according to a press release. The ADX-listed firm will issue bonus shares amounting to AED 500 million at a …
UAE – Mubasher: Kamil Al Awadhi, Regional Vice President for Africa and the Middle East at the International Air Transport Association (IATA), stated that passenger traffic in the UAE and the GCC is projected to grow by 4% annually between 2024 …
Dubai – Mubasher: Emaar Properties has unveiled AED 1.50 billion investment to expand Dubai Mall, according to a press release. Dubai Mall will include 240 new stores and food and beverage outlets, offering innovative experiences while meeting …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Monday’s trading session higher by 15.10 points (0.38%) than 3,993.03 points. A total of 175.86 million shares were exchanged during the session at a value of AED 302.12 million. …
