Latest News

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 …

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 …

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: 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: 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: 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 …

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 …

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 …

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 …

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, …

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 …

Mubasher: Xpence, a B2B payments platform in the GCC, has entered a strategic partnership with MENA’s leading financial services enabler Paymob at the 24 Fintech conference in Riyadh. The partnership agreement is set to bolster the digital payment …

Mubasher: Air Astana, an airline and the flag carrier of Kazakhstan, has expanded its presence in the Middle East, with new services to Dubai, Abu Dhabi, and Jeddah, according to a press release. The airline will launch new services from Atyrau in …

Mubasher: Shaista Asif, Co-Founder and Group CEO of UAE-based PureHealth Holding, led Forbes Middle East’s Top 100 healthcare leaders for the second consecutive year. The ADX-listed group logged revenues of $3.40 billion (AED 12.50 billion) in the …

Mubasher: Paymob, MENA’s leading financial services enabler, has secured a $22 million Series B extension round, bringing the company’s total Series B funding to $72 million. The transaction was led by EBRD Venture Capital, Endeavor Catalyst, …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) announced new initiatives to drive and reinforce advanced digital solutions across its operations, according to a press release. The initiatives were unveiled during the Global AI Summit …