Latest News

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 …

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 …

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 …

Riyadh – Mubasher: ADES Holding Company has announced that one of its subsidiaries has received an award for six onshore contracts with Kuwait Oil Company (KOC) with an estimated backlog of SAR 2.42 billion. The award includes new contracts for …

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 …

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 …

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) …

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 …

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 …

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 …

UAE – Mubasher: Microsoft Corporation and UAE’s G42 announced an initial invetments of $1 billion in digitalisation projects in Kenya in collaboration with the country’s Ministry of Information, Communications, and the Digital Economy. The …

UAE – Mubasher: Huspy, a property technology firm headquartered in the UAE, has raised a funding round led by Balderton Capital, along with existing investor Fifth Wall as well as other investors. The fundraising had a considerably higher …

Riyadh – Mubasher: The third edition of the Future Aviation Forum has witnessed the signing of several agreements on the first two days of the event, which had nearly 5,000 delegates from over 100 countries to elevate global connectivity. On top …

Riyadh – Mubasher: flyadeal unveiled a landmark order for 51 narrow-body Airbus aircraft to boost its expansion plans, according to a press release. The announcement is a part of Saudia Group’s deal for a record 105 aircraft order, which was …

Riyadh – Mubasher: SAL Saudi Logistics Services Company inked a binding mutual agreement with Riyadh Airports Company at a value of SAR 458 million on the sidelines of the Future Aviation Forum 2024, which concludes in Saudi Arabia on 22 May. The …

Riyadh – Mubasher: The Future Aviation Forum 2024 is expected to showcase the $100 billion investment programme of opportunities available in the Saudi aviation sector that will accelerate the development of aviation globally. The three-day event, …

Riyadh – Mubasher: Chief Commercial Officer at Riyadh Air, Vincent Coste, told Mubasher in an interview during the Future Aviation Forum 2024, which is taking place in the capital of Saudi Arabia for three days. Coste stated: “We are actively …

Riyadh – Mubasher: Korea Tourism Organization (KTO) has inaugurated a representative office in Riyadh to expand its presence in the Middle East and the GCC, according to a press release. The inauguration anchors South Korea's efforts to expand its …

UAE – Mubasher: Dubai-based electric vehicle (EV) charging solutions provider Regeny and Tellus Power Green, a renowned provider of renewable energy solutions, teamed up to boost sustainable mobility solutions in the Middle East. The partnership …

Riyadh – Mubasher: Saudi Arabia’s civil aviation sector is contributing $53 billion to the kingdom's economy, according to a report by the General Authority of Civil Aviation (GACA). The contribution of the sector to the Saudi economy includes …

Riyadh – Mubasher: SAMI Advanced Electronics Company (SAMI-AEC), wholly owned by Saudi Arabian Military Industries (SAMI), is taking part in the third edition of Future Aviation Forum 2024 as a strategic partner, according to a press release. As a …

Riyadh – Mubasher: Saudia Group and Airbus have inked the largest aircraft deal in Saudi aviation history, according to a press release. The two entities penned the deal on the slides of the Future Aviation Forum 2024, which kicked off at the King …

Riyadh – Mubasher: The third edition of the Future Aviation Forum has kicked off today in the capital of Saudi Arabia under the patronage of the Custodian of the Two Holy Mosques King Salman. The event is being held for three days, 20-22 May 2024, …

Mubasher: The net profits attributable to the shareholders of GFH Financial Group hit $27.13 million in the first quarter (Q1) of 2024, up 13.03% year-on-year (YoY) from $24 million. Total income stood at $162.97 million in the January-March 2024 …

Mubasher: Initial public offering (IPO) in the GCC has raised $931 million in the first quarter (Q1) of 2024, a 73% year-on-year (YoY) plunge from $3.50 billion in the comparative period of 2023, according to a report by Kuwait Financial Centre …