UAE
Mubasher TV
 Contact Us Advertising
Switch To Old Switch To New
  العربية
UAE
DFM Closed
ADX Closed
20 September 05:55 PM

Latest News

Photo Gallery
19 September 04:30 PM Egypt’s edtech Farid drives regional expansion plans via funding round
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 …
Global Economy
Photo Archive
19 September 03:37 PM UAE stock markets close Thursday in green
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 …
Trading Activities
Photo Gallery
19 September 02:12 PM Mesh, CoinMENA FZE to boost Crypto transactions in MENA
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 …
Global Economy
Photo Gallery
19 September 01:11 PM Apex Group anchors Phoenix Venture Partners’ MENA expansion plans
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 …
Companies Investments
Photo Gallery
19 September 11:31 AM PIF-backed eWTP Arabia Capital anchors MENA’s business via new rebrand
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 …
Companies Investments
Photo Archive
19 September 10:45 AM CBUAE reduces base rate by 50 basis points
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 …
Macroeconomics
Photo Gallery
18 September 07:51 PM Wizz Air unveils 1st long-haul route from Zayed airport to Milan
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 …
Companies Investments
Photo Gallery
18 September 06:34 PM Dubai Chambers signs MoU with CCPIT Tianjin to expand Chinese investments
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 …
Trade
Photo Archive
18 September 03:27 PM DFM, ADX collectively fall on Wednesday
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 …
Trading Activities
Photo Archive
18 September 02:56 PM SOL Properties eyes AED 12bn sales from new development projects
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 …
Real estate
Photo Gallery
18 September 01:48 PM UAE-based Seez raises $4.2m to expand in US market
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 …
Companies Investments
Photo Gallery
18 September 01:13 PM Emirates NBD, DP World unveil partnership with Mastercard
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 …
Companies Investments
Zaid Aloul, Chief Commercial Officer of GTN Middle East
18 September 12:37 PM Zaid Aloul promoted to Chief Commercial Officer of GTN Middle East
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 …
Management Decisions
Photo Gallery
18 September 12:32 PM Egyptian businessmen launch $42m NextEra Education
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, …
Companies Investments
Photo Gallery
18 September 11:28 AM Sultan Ventures acquires Acasia to bolster footprint in MEA
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 …
Companies Investments
Photo Gallery
18 September 09:42 AM MENA-focused Arqaam Capital to commence operations in Saudi Arabia
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 …
Management Decisions
Photo Gallery
17 September 05:43 PM Crypto exchange Bybit obtains VARA provisional approval; building on its int’l HQ in Dubai
Mubasher: Bybit, the second-largest cryptocurrency exchange by trading volume on the global level, was granted a provisional (non-operational) approval from the Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Service …
Global Economy
Photo Archive
17 September 04:37 PM UAE stock markets close Tuesday with varied performance
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) edged down by 0.04 points to 4,395.20 points on Tuesday. A total of 136.52 million shares were traded at a turnover worth AED 265.52 million. Drake & Scull International …
Trading Activities
Photo Gallery
17 September 04:20 PM Global startups event Expand North Star to launch in October to cement Dubai's position
UAE – Mubasher: Expand North Star will launch at Dubai Harbour as the world's largest event for global startups and investors over three days from 13 to 16 October 2024, according to a press release. The event is organised by Dubai World Trade …
Global Economy
Photo Gallery
17 September 03:00 PM GFH extends strategic partnership with FII Institute ahead of FII8 event in Saudi Arabia
Mubasher: Cross-listed GFH Financial Group has renewed its groundbreaking strategic partnership with FII Institute, a global non-profit foundation in Saudi Arabia, for three years to foster global innovation and sustainable development. Extending …
Companies Investments
Photo Gallery
17 September 01:27 PM Aviation Future Week to make debut in UAE mid-October
UAE – Mubasher: The first Aviation Future Week is scheduled to take place in Dubai from 15-17 October 2024, hosted by the UAE flag carrier Emirates and the Museum of the Future. The three-day event in Dubai will bring together UAE ministers, …
Global Economy
Photo Gallery
16 September 06:02 PM Diamondlease opens new branch in Dubai
UAE – Mubasher: Car rental and leasing company Diamondlease, a subsidiary of Al Habtoor Group, recently inaugurated a new branch in Umm Al Rumool, according to a press release. The new office in Dubai aims at expanding Diamondlease’s electric …
Companies Investments
Photo Archive
16 September 03:25 PM UAE stock markets collectively rise on Monday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 14.75 points (0.33%) on Monday and ended the trading session at 4,395.24 points. A total of 176.74 million shares were exchanged at a value of AED 330.26 million. Emaar …
Trading Activities
Photo Archive
16 September 12:03 PM UAE’s clean energy investments cross AED 45bn – Minister
UAE – Mubasher: The UAE increased its contribution of clean energy production to the total energy mix, reaching 27.83% in 2023 as part of its target of 32% by 2030. Suhail bin Mohammed Al Mazrouei, the UAE’s Minister of Energy and Infrastructure, …
Sector Reports
Photo Archive
16 September 10:00 AM TAQA announces new brands following companies merger
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has unveiled a new brand identity for its group of companies, according to a press release. This move aligns with TAQA’s strategy and transformation objectives to expand through …
Global Economy