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04 June 12:42 PM

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3 June 12:45 PM Burjeel Holdings launches JV for cost-efficient healthcare solutions in MENA
Abu Dhabi – Mubasher: Burjeel Holdings has signed a framework agreement to establish a joint venture (JV) AL KALMA with Keralty S.A.S, a Colombia-based multinational health organization. The alliance plans to develop and operate an integrated …
Companies Investments
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3 June 09:08 AM OPEC+ agrees to extend significant oil output cuts through 2025
Mubasher: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, collectively referred to as OPEC+, have agreed to extend significant oil production cuts into 2025, according to Reuters. OPEC+ has decided to …
Global Economy
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2 June 03:52 PM GCC tops Dubai Chamber of Commerce export list with AED 40.8bn
UAE - Mubasher: The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024. The GCC region accounted for 55.50% of total exports …
Sector Reports
Founders of Growdash
2 June 02:17 PM Growdash secures $1.8m funding round led by MENA-focused fund Oryx
UAE – Mubasher: Dubai-based purpose-built software as a service (SaaS) platform Growdash has raised a AED 6.80 million ($1.80 million) in a seed round, according to a press release. The fundraising transaction was led by Oryx Fund, a MENA-focused …
Global Economy
Assem El-Bassal, the CEO of Mubasher Media
30 May 02:55 PM Winning Arab Media Award crowns Mubasher.info’s years of hard work – El-Bassal
Mubasher: Assem El-Bassal, the CEO of Mubasher Media as well as Global Financial Media, stated that choosing Mubasher.info financial portal as the Best Economic Platform during the Arab Media Award crowns years of hard work in the economic …
Global Economy
Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media
29 May 05:55 PM El-Shamsy highlights efforts behind choosing Mubasher.info as Best Economic Platform
UAE – Mubasher: Winning the Arab region’s Best Economic Platform award for the year 2024 confirms the efforts exerted by Mubasher.info’s team of journalists and content creators as well as the marketing and social media, stated Ahmed El-Shamsy, …
Event
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29 May 02:06 PM TVM Capital Healthcare launches $250m Afiyah Fund led by PIF-backed Jada
UAE – Mubasher: TVM Capital Healthcare launched a $250 million Afiyah Fund LP, led by Saudi Public Investment Fund (PIF)-backed Jada Fund of Funds Company. The transaction also included the participation of a group of Saudi, GCC, and European …
Global Economy
Founders of Thndr
29 May 01:04 PM Egypt-based fintech Thndr launches services into UAE market
Cairo – Mubasher: MENA region's mobile-first investment platform Thndr expanded its services to the UAE after acquiring a Category 3A licence with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority …
Companies Investments
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28 May 03:57 PM Dubai Industrial City boosts regional presence via AED 410m land capacity expansion
Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …
Companies Investments
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28 May 03:51 PM Oil prices climb amid mounting tensions in Middle East – Saxo Bank
Mubasher: The crude oil market is witnessing a rise due to escalating tensions in the Middle East following the killing of an Egyptian soldier in a clash with Israeli forces, according to a report by Saxo Bank. The price of West Texas Intermediate …
Commodities
Mubasher.info receives Arab Media award 2024
28 May 01:47 PM Mubasher.info portal receives Arab Media award 2024
UAE – Mubasher: Mubasher.info, a comprehensive financial platform and news portal, has won the Digital Media Award 2024 for being the Best Economic Platform at the Arab Media Forum. Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media, received …
Event
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28 May 01:43 PM Middle East named world's fastest-growing real-time payment market for 2nd year – Report
Mubasher: The Middle East ranked as the fastest-growing real-time payment market for the second consecutive year in 2023, according to the 2024 Prime Time for Real-Time report by ACI Worldwide and GlobalData. The region's real-time payment market …
Global Economy
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28 May 12:55 PM UAE leads MENA in WEF’s 2024 index for tourism, travel development
UAE – Mubasher: The UAE came first in the MENA region and 18th globally in the World Economic Forum’s Travel & Tourism Development Index (TTDI) 2024, according to the WEF report. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the …
Global Economy
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28 May 10:47 AM DP World joins Maalexi to boost food security in Gulf countries
UAE – Mubasher: DP World has teamed up with Maalexi to offer new efficiencies and access to a wider range of food products at Jebel Ali Port, which will provide another transformation to food security in the Gulf area. The agreement with Maalexi, …
Companies Investments
Sandeep Sinha, Head of Healthcare Consulting – MEA, JLL
27 May 03:56 PM Investor confidence drives growth in GCC’s healthcare market – JLL
Mubasher: The increased investor confidence is driving sustained demand across the healthcare value chain in the Middle East region, according to JLL. JLL recently advised a consortium led by UAE-based Fajr Capital to acquire a 65% shareholding in …
Sector Reports
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27 May 03:22 PM Elm to Participate in GITEX Africa 2024
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 …
Global Economy
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27 May 02:44 PM Mastercard, Payment24 partner to boost EMV adoption in EEMEA's fleet sector
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 …
Global Economy
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27 May 11:14 AM Plaza Premium Group announces $100m expansion plans in Middle East
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 …
Real estate
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26 May 01:32 PM UAE's Presight AI Holding, Dell Technologies partner to boost digitalisation in MENA
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 …
Global Economy
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26 May 12:36 PM Egypt’s OneOrder raises $16m to expand into GCC region
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 …
Global Economy
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23 May 06:20 PM Centena Group boosts regional presence with platform debut in Saudi Arabia
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 …
Companies Investments
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23 May 03:56 PM Goldman Sachs reportedly becomes 1st Wall Street bank with Saudi HQ licence
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) …
Global Economy
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23 May 03:00 PM Immensa joins forces with Pelagus 3D to expand business in MENA
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 …
Companies Investments
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23 May 02:17 PM First Arab Forum for Aviation Security kicks off in Saudi Arabia
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 …
Global Economy
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23 May 12:38 PM Egypt reportedly to operate EGP 1.7bn new fuel transportation pipeline
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 …
Global Economy