Latest News

UAE – Mubasher: Investec opened its office in Dubai International Financial Centre (DIFC), expanding its footprints in the Gulf region, according to a press release. The DIFC office connects clients, family offices, and financial institutions in …

UAE – Mubasher: Coral, a UAE-based pioneering climate tech startup specialising in carbon emission management and offsetting solutions, has closed its seed funding round at a value of $3 million. The fundraising transaction was led by a group of …

Abu Dhabi – Mubasher: E7 Group has signed a partnership agreement with global technology company SAP and NTT DATA Business Solutions to bolster its digital transformation strategy.   The strategy outlined targeted growth initiatives across E7 …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session higher by 27.23 (0.61%) at 4,488.69 points. A total of 200.05 million shares were exchanged at AED 353.27 million. Emaar Properties witnessed the …

Abu Dhabi – Mubasher: Palms Sports has expanded its sports training management contract with a prominent government entity, according to a press release. The newly extended contract, now spanning an additional two years until July 2026, reflects a …

Abu Dhabi – Mubasher: e& received the European Commission’s (EC) approval to complete the acquisition of a controlling stake in PPF Telecom’s assets in Bulgaria, Hungary, Serbia, and Slovakia. The ADX-listed company planned to acquire a 50% …

Dubai – Mubasher: Mashreq Bank has closed AED 500 million syndicated loan for the Eastern and Southern African Trade and Development Bank (TDB), according to a press release. Mashreq acted as sole coordinator, initial mandated lead arranger, …

Dubai – Mubasher: Emirates NBD has announced a SAR 100 million ESG-linked working capital facility with Chalhoub Group, the Middle East’s largest luxury goods retailer and distributor. The financing agreement marks Chalhoub’s first ESG-linked …

Mubasher: National Mobile Telecommunications Company (Ooredoo) secured a QAR 2 billion financing deal to accelerate the growth of its data centre and AI business in the MENA region. The 10-year financing agreement was signed with QNB, Doha Bank, …

Mubasher: United Accountants plans to expand its portfolio in the MENA region, adding financial technology, strategic consulting, mergers and acquisitions, and digital transformation. Haytham Torkey, the Managing Partner at the firm, underlined …

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar( reached the financial close of the 154 megawatt (MW) Čibuk 2 wind farm in Serbia, according to a press release. The agreement was signed at a special ceremony on the sidelines of RES …

Dubai – Mubasher: A consortium including Arcapita Group Holdings Limited and Dgpays agreed to acquire a majority stake in NEOPAY, the UAE’s fast-growing payment solutions provider. Under the joint deal, Mashreq Bank will retain a significant …

UAE – Mubasher: Jubail Island Investment Company (JIIC) has awarded the construction contract for the Jubail Town Centre in Souk Al Jubail at nearly AED 400 million, according to a press release. The contract has been awarded to Bright Accord …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) showed a positive performance on Tuesday after rising by 27.40 (0.61%) to 4,434.06 points. The trading value hit AED 320.96 million through the exchange of 117.86 million shares. Emaar …

UAE – Mubasher: The Emirates added a fourth daily flight to Johannesburg on the in-demand route, bolstering its operations in South Africa. This follows the announcement of the second daily A380 between Dubai and Johannesburg, which launched on 1 …

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar), in which Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, plans to acquire Saeta Yield from Brookfield Renewable. The transaction is valued at $1.40 billion, which …

Riyadh – Mubasher: The leading financial platform Mubasher Media, one of the pioneers in the MENA region, is joining Seamless Saudi Arabia this year as its Media Partner. Mubasher Media will offer live coverage of the event which is being held …

Riyadh – Mubasher: Rheem Middle East has inaugurated its new regional headquarters (RHQ) in Saudi Arabia, according to a press release. Riyadh’s office aligns with Rheem's commitment to investing in one of its key markets and further accelerating …

UAE – Mubasher: Paperworld Middle East launched a new kraft and packaging section, as research from Mordor Intelligence estimates the MEA market will reach $10.60 billion by 2025. Paperworld Middle East is set to hold its 13th edition during 12-14 …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) retreated by 2.31 (0.05%) on Monday and closed the trading session at 4,434.06 points. DFM’s trading value hit AED 297.18 million through the exchange of 134.94 million shares. Emaar …

Cairo - Mubasher: eAswaaq, a subsidiary of e-finance for Digital and Financial Investments, and Post for Investment, a unit of Egypt Post, launched the ECOM Africa company, according to a press release. The joint venture (JV) will develop and …

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 …