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19 September 10:09 AM

Latest News

38 minutes ago 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 …
Global Economy
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18 September 05:51 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
Zaid Aloul, Chief Commercial Officer of GTN Middle East
18 September 10:37 AM 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 …
Global Economy
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18 September 10:32 AM 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, …
Global Economy
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18 September 09:28 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
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18 September 07:42 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 …
Companies Investments
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17 September 03:43 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 …
Companies Investments
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17 September 02:20 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 …
Event
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17 September 01:00 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 …
Event
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17 September 11:27 AM 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, …
Event
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16 September 08:00 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 …
Companies Investments
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15 September 09:49 AM Xpence, Paymob join forces at 24 Fintech to reshape digital payment landscape
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 …
Companies Investments
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15 September 09:02 AM Kazakhstan's Air Astana bolsters operations in Middle East
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 …
Global Economy
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15 September 08:14 AM PureHealth’s CEO dominates Forbes Middle East’s Top 100 healthcare leaders
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 …
Global Economy
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11 September 01:05 PM MENA’s Paymob raises $22m funding round
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, …
Companies Investments
Ahmad Al Khowaiter, Aramco EVP of Technology & Innovation
11 September 09:16 AM Aramco unveils plans to promote digital development at GAIN summit
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 …
Global Economy
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11 September 08:08 AM FlapKap boosts regional expansion plans via $34m funding
Mubasher: UAE-based fintech FlapKap, which was originally established in Egypt, has raised $34 million in a pre-Series A funding round, according to a press release. The fundraising was led by BECO Capital and Pact VC, with follow-on contributions …
Companies Investments
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10 September 04:22 PM Tree launches Saudi Arabia’s first-of-kind product on back of Insurance Authority
Riyadh – Mubasher: Tree Digital Insurance Agency has officially launched the first Pet Insurance service in Saudi Arabia, marking a new era in the digital insurance industry. The groundbreaking product is designed to meet the growing needs of pet …
Companies Investments
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10 September 12:02 PM MENA-focused iyris expands business in Egypt’s agriculture sector
Mubasher: iyris, the agriclimate tech company formerly known as RedSea, entered into a strategic partnership with Hyma Plastic, the market leader of Agricultural Polyethylene film products in Egypt. Hyma Plastic was appointed as an exclusive …
Global Economy
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10 September 10:06 AM Apollo selects Abu Dhabi as 1st international outpost for family office
UAE – Mubasher: Leon Black has established a new branch of his family office, Elysium Management, at Abu Dhabi Global Market (ADGM), according to a press release. The new office, Scimitar, will serve as Elysium's first international office. …
Companies Investments
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10 September 09:20 AM Entlaq acquires equity ownership in Brotinni to boost regional expansion
Cairo – Mubasher: Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in foodtech Brotinni for an undisclosed value, according to a press release. The new investment will enable Brotinni to expand its footprint within the …
Global Economy
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10 September 08:03 AM Majid Al Futtaim, GCC-focused Tabby launch SHAREPay integration feature
UAE – Mubasher: Majid Al Futtaim and Tabby, the leading shopping and payments app in the GCC, launched a new feature that integrates Tabby into the SHARE app, according to a press release. By integrating Tabby’s buy now, pay later (BNPL) services …
Companies Investments
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9 September 05:04 PM PayTabs targets over SAR 200bn in payment volumes to drive MENA’s economy
Riyadh – Mubasher: PayTabs Group plans to exceed SAR 200 billion in payment processing volumes by 2025, according to a statement in line with the 24 Fintech event that was held in Saudi Arabia for three days last week. The set target aligns with …
Central Banks
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9 September 04:35 PM Sahm Capital’s system captures complete trading cycle – Chairman Chou at 24 Fintech
Riyadh – Mubasher: Sahm Capital has proven its position as the first brokerage on the Saudi Exchange (Tadawul) to carry out a proprietary Settlement & Clearing System. Chairman of Sahm Capital and Chief Strategy Officer of Valuable Capital Group …
Companies Investments
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9 September 09:00 AM Carrier Global Corporation inaugurates regional office in Riyadh
Riyadh – Mubasher: Carrier Global Corporation, a global leader in intelligent climate and energy solutions, has opened its regional office in Saudi Arabia, according to a press release. Located in Riyadh, the new office anchors Carrier’s …
Global Economy