Latest News

UAE – Mubasher: Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics Company plan to build new factories in the UAE, according to the Wall Street Journal. The joint project will be implemented in the coming years to meet …

Abu Dhabi – Mubasher: The board of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) approved interim cash dividends amounting to $350 million (AED 1.28 billion) for the first half (H1)of 2024. ADNOC Distribution is set to …

UAE – Mubasher: KASCO Developments has officially launched its business in the UAE property market with an initial investment of AED 1.20 billion, according to a press release. KASCO Group has run operations in real estate since 2008 and its …

Dubai – Mubasher: The board members of Al Ansari Financial Services announced interim cash dividends amounting to AED 157.50 million for 2024, according to a bourse filing. Ex-dividend ad payment dates will be 27 September and 16 October, …

UAE – Mubasher: One Development is set to redefine the UAE’s real estate industry standards by launching its flagship AED 2 billion project in Dubai’s City of Arabia, according to a press release. The launch aligns with One Development’s …

Abu Dhabi – Mubasher: AD Ports Group has signed agreements with two UAE lenders to refinance its syndicated loan of $2.25 billion, according to a press release. The ADX-listed group aims to renew the loan at more favourable terms that would enable …

Cairo – Mubasher: Beko, a global leader in home appliances, has inaugurated its first industrial park in Egypt with an investment of $110 million. The new facility boosts Beko's global expansion strategy to drive innovation, sustainability, and …

Cairo – Mubasher: Farid, an emerging Egyptian EdTech Startup, has secured $250,000 in a pre-seed funding round from Saudi businesswoman Amal bint Abdulaziz Al Ajlan. This funding aligns with the company’s strategic partnerships with schools across …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Thursday’s trading session higher by 31.32 points (0.71%) at 4,421.52 points. A total of 178.41 million shares were exchanged at a value of AED 372.55 million. Emaar Properties …

UAE – Mubasher: Mesh entered into a strategic partnership with CoinMENA FZE, a leading digital assets trading platform in the Middle East, according to a press release.   This collaboration will improve digital asset transfer services by allowing …

UAE – Mubasher: Apex Group Limited obtained a licence from the Abu Dhabi Global Market (ADGM) fund manager for Phoenix Venture Partners, according to a press release. Phoenix Venture Partners Limited (PVP) came together as a Technology Venture …

Riyadh – Mubasher: eWTP Arabia Capital, backed by the Saudi Public Investment Fund (PIF), has rebranded as ewpartners, according to a press release. eWTP Arabia Capital, the first international private equity firm to establish an Asia-Saudi …

UAE – Mubasher: The Central Bank of the UAE (CBUAE) lowered the base rate applicable to the overnight deposit facility (ODF) by 50 basis points from 5.40% to 4.90%, according to a press release. This decision was taken following the US Federal …

UAE – Mubasher: Wizz Air revealed plans to launch its first long-haul route connecting Abu Dhabi with Milan through the Airbus A321XLR aircraft. The one-way daily trip is set to commence on 2 June 2025. Meanwhile, the tickets are already available …

UAE – Mubasher: Dubai Chambers recently penned a memorandum of understanding (MoU) with the China Council for the Promotion of International Trade Tianjin Sub-council (CCPIT Tianjin) to support the expansion of Chinese investors into Dubai. The …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session lower by 5 points (0.11%) at 4,390.20 points. A total of 185.97 million shares were exchanged at a value of AED 335.13 million. Emaar Properties …

UAE - Mubasher: SOL Properties launched a series of high-end projects with an anticipated gross development value (GDV) of AED 12 billion in the next six months, according to a press release. The development schemes are expected to anchor the UAE …

UAE – Mubasher: Automotive software as a service (SaaS) company Seez has secured a $4.20 million investment to fuel its expansion plans into the US market, according to a press release. The company’s portfolio includes Seezar, an AI chatbot …

Dubai – Mubasher: Emirates NBD and DP World launched a new co-branded corporate card in partnership with Mastercard, according to a press release. All businesses, including those that use DP World and Dubai Trade services across its port and …

UAE - Mubasher: GTN, a global fintech redefining trading and investing for all, is pleased to announce the promotion of Zaid Aloul to Chief Commercial Officer (CCO) for the Middle East. In this new role, Zaid also joins the GTN Middle East …

Cairo – Mubasher: Egyptian leading business figures established NextEra Education with investments exceeding $42 million (EGP2 billion), according to a press release. A coalition between EYouth and Egyptian businessmen, including Mohamed Farouk, …

Cairo - Mubasher: US-based venture firm Sultan Ventures has acquired Acasia Group, Egypt’s angel investment syndicate and incubator, to expand its footprint in the MEA region. The transaction aligns with Sultan Ventures’ commitment to fuel global …

Riyadh – Mubasher: MENA-focused investment banking institution Arqaam Capital obtained the approval of the Saudi Capital Market Authority (CMA) to begin operations in the Kingdom, according to a press release. The CMA’s approval boosts the firm's …