Riyadh – Mubasher: Elm Company is set to participate in the second edition of Africa’s large technology and startup event, GITEX Africa 2024. During the event, Elm will showcase its latest innovative solutions in various fields, including modular …
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) plans to increase its local manufacturing target for critical industrial products in its procurement pipeline to AED 90 billion ($24.50 billion) by 2030. ADNCO unveiled its growth plans …
Riyadh – Mubasher: Mastercard and Payment24 are extending their collaboration to enhance security and drive innovation in the fleet and fuel payment industry across Eastern Europe, the Middle East, and Africa (EEMEA). This partnership aims to …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Monday’s trading session higher by 14.81 points (0.36%) than 4,027.46 points. A total of 73.19 million shares were exchanged during the session at a value of AED 220.96 million. …
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) partnered with Gracia Group to launch the agritech platform, according to a press release. The platform is a full-fledged digital ecosystem created to transform the agricultural …
Cairo – Mubasher: Premium Diagnostics LCC acquired a 9.37% equity ownership in City Medical Laboratory at a value of EGP 60 million, according to a bourse disclosure. The UAE-based entity purchased 60 million shares in the EGX-listed firm at an …
UAE – Mubasher: Holo, a direct mortgage platform in the UAE, has completed a pre-Series A funding round with oversubscription. The round was led by Dubai Future District Fund (DFDF), UK’s Oryx fund, and Aditum Investment Management., according to …
UAE – Mubasher: DP World and Saudi Ports Authority (Mawani) established a new logistics park at Jeddah Islamic Port at a value of SAR 900 million ($250 million), according to a press release. The two parties joined forces to provide advanced …
Mubasher: Plaza Premium Group (PPG) has invested $100 million to expand its presence in the Middle East with a major focus on Saudi Arabia. This investment aims to anchor the group’s role as a connector between the Middle East and popular global …
UAE – Mubasher: Nakheel, the development arm of Dubai Holding, has awarded contracts for the construction of infrastructure at Palm Jebel Ali. Nakheel awarded a contract for the construction of a public access road, providing access from Sheikh …
Abu Dhabi – Mubasher: Palms Sports has completed the acquisition of an 80% stake in Yas Physiotherapy Center, a musculoskeletal and sports injury treatment and rehabilitation clinic. The acquisition aligns with the ADX-listed company’s investment …
Abu Dhabi – Mubasher: Big data analytics company Presight AI Holding, a subsidiary of UAE's G42, has signed a memorandum of understanding (MoU) with Dell Technologies to accelerate digital transformation and innovation across various sectors in …
Cairo – Mubasher: Egyptian logistics solution company OneOrder has raised $16 million in equity and debt in a Series A funding round. The funding is aimed at enabling the company to expand into the GCC region in autumn 2024, build up financing …
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with Parkin Company. The MoU aims to expand the number of electric vehicle (EV) charging stations in several locations in Dubai, …
Mubasher: Dubai-based Centena Group has announced the launch of AtlabShoponline platform as an educational eCommerce platform in Saudi Arabia to promote a knowledge-based economy across the region while further solidifying its presence in the …
Riyadh – Mubasher: Goldman Sachs Group Incorporation became the first Wall Street bank to establish a Middle Eastern headquarters (HQ) in Saudi Arabia, according to Bloomberg. Goldman obtained a licence from the Saudi Ministry of Investment (MISA) …
UAE – Mubasher: Moody's Ratings has affirmed the ‘Baa3’ long-term issuer rating of UAE-based Chemical industry company Fertiglobe, changing the outlook to positive from stable. The rating agency ascribed its decision to Abu Dhabi National Oil …
Mubasher: MENA’s largest digital manufacturer Immensa has penned a strategic collaboration agreement with Pelagus 3D, an on-demand digital manufacturing partner for the maritime and offshore industry. The two parties will integrate their strengths …
UAE – Mubasher: The Abu Dhabi Future Energy Company (Masdar) has signed strategic agreements for new renewable energy projects in Indonesia, bolstering the nation's energy transition endeavours. The agreements underscore the enduring collaboration …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 34.23 points (0.84%) on Thursday and ended the trading session at 4,023.64 points. A total of 96.54 million shares were exchanged during the session at a value of AED 349.15 …
Riyah – Mubasher: The General Authority of Civil Aviation (GACA) has organised the first Arab Forum for Aviation Security in cooperation with the Arab Civil Aviation Organization. The forum was attended by 120 leaders in the aviation sector and …
UAE - Mubasher: The gross exposure of Etihad Credit Insurance (ECI) reached AED 9.60 billion by the end of 2023, as the company experienced a 21-fold increase compared to 2019. ECI boosted the expansion of the UAE’s non-oil exports, covering 3.10% …
Cairo – Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources plans to operate a new transportation pipeline for petroleum products on the Mediterranean coast, according to Al Arabiya Business. The new pipeline will link the MIDOR oil …
UAE – Mubasher: The Central Bank of the UAE (CBUAE) is set to auction AED 15 billion in monetary bills on 27 May 2024. The auction includes four issuances that will be released on 29 May, according to the Emirates News Agency. The first issuance …
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has successfully completed a placement to institutional investors of around 880 million ordinary shares of ADNOC Drilling Company. The offered shares represent 5.50% of the ADX-listed …
