Gulf news

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: The Capital Market Authority (CMA) greenlighted the requests of two companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Shmoh Almadi Company and Al Battal Factory for Chemical …

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 …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) penned a Sharia-compliant facility deal valued at SAR 500 million with Riyad Bank on 17 September 2024. SARCO will use the loan for public investments, including buying shares and …

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 …

Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Wednesday’s trading session higher by 0.30% at 11,920.94 points. The trading value amounted to SAR 5.65 billion through the exchange of 365.59 million shares. …

Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company was awarded, on 17 September, a SAR 219.98 million project contract with the National Water Company (NWC). The agreement covers the expansion of the tertiary treatment plant in …

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, …

Riyadh – Mubasher: The Fundamental Installation for Electric Work Company Limited (First Fix) inked a SAR 1.52 billion deal with Modern Building Leaders Company, according to a bourse filing. First Fix, a subsidiary of Red Sea International …

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 …

Cairo - Mubasher: The Saudi Public Investment Fund (PIF) is expected to invest $5 billion in Egypt as part of the first phase of investments in the Arab Republic, according to an official statement. Egypt’s Prime Minister, Mostafa Madbouly, …

Riyadh – Mubasher: CATRION Catering Holding Company penned a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB) at an amount of SAR 221 million The company obtained the funding through its subsidiary CATRION Catering Services …

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 …