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13 July 2025 05:33 PM Network International, Magnati to expand business in MEA following merger

Mubasher: Network International and Magnati have received key regulatory approvals to merge into a single entity, owned by a Brookfield-led consortium. The merger process is expected to be completed during the third quarter (Q3) of 2025, according …

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13 July 2025 04:33 PM Huawei launches 1st experience store in Egypt

Cairo – Mubasher: Huawei inaugurated its first-ever Huawei Experience Store (HES) in Egypt, expanding the brand’s retail presence in the country. The new store is located on Level 1, Gate 5, Phase 1 of Citystars Mall in Nasr City, according to a …

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Habiba Naguib, Chief Market Expansion and Strategy Officer of Valu

13 July 2025 02:54 PM Valu receives regulatory nod to launch BNPL services in Jordan

Cairo – Mubasher: The Central Bank of Jordan has granted its initial approval for U Consumer Finance (Valu) to launch buy now, pay later (BNPL) services in Jordan, according to a recent press release. This step marks a significant leap in Valu’s …

Banking and Finance

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13 July 2025 00:43 PM Space42’s board greenlights $695.5m financing deal

Abu Dhabi – Mubasher: The board of Space42 has approved the entry of its subsidiaries into a proposed financing transaction with various financial institutions valued at $695.50 million. The facility deal comes within the framework of the Al Yah 4 …

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13 July 2025 00:39 PM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP as of 12 July …

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13 July 2025 10:42 AM ADNOC Gas seals $400m LNG supply deal with Germany’s SEFE

Abu Dhabi – Mubasher: ADNOC Gas has entered into a three-year liquefied natural gas (LNG) supply agreement with Germany’s SEFE Securing Energy for Europe at a value of nearly $400 million (AED 1.50 billion. The deal covers the delivery of 700,000 …

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13 July 2025 10:41 AM Kazakhstan collaborates with Presight to launch 1st national supercomputer

Abu Dhabi – Mubasher: Kazakhstan has officially launched its first national supercomputer in partnership with Presight AI Holding to boost digital transformation and technological sovereignty, according to a press release. Developed by the …

Companies Investments

Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital

10 July 2025 07:11 PM BlueFive Capital expands in GCC via oversubscribed round, launches $2bn equity fund

UAE – Mubasher: BlueFive Capital, a UAE-based investment platform, has closed its Founding Shareholders Circle round, valuing the company at $120 million, according to a press release. The company aims to bridge institutional platforms with …

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10 July 2025 05:36 PM du, Omantel activate Oman Emirates Gateway to foster joint connectivity

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) and Omantel have activated the Oman Emirates Gateway (OEG) to enhance connectivity between the UAE and Oman, according to a press release. The 275 kilometers international fibre …

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10 July 2025 04:37 PM Masdar joins Iberdrola for EUR 5.2bn wind farm project in UK

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar), in which Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, has signed an agreement with Iberdrola to co-invest in the 1.40 GW East Anglia THREE wind farm in the UK. …

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10 July 2025 09:06 AM Saudi Jahez fuels regional expansion via 76.5% stake acquisition in Snoonu

Riyadh – Mubasher: Jahez International Company for Information System Technology has signed a share purchase and subscription agreement (SPSA) to acquire a 76.56% stake in Snoonu, Qatar’s fastest-growing technology and on-demand delivery company. …

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10 July 2025 08:24 AM Egypt’s Nawy acquires Dubai-based SmartCrowd to enter into GCC proptech market

Cairo – Mubasher: Egypt-based proptech Nawy has acquired a majority stake in Dubai-based SmartCrowd, the region’s first regulated platform enabling fractional property investments. The transaction follows Nawy’s recent $52 million Series A round …

Companies Investments

Founders of Huspy

9 July 2025 02:04 PM Huspy secures $59m funding to scale regional presence

UAE – Mubasher: Huspy, the UAE and Spain-based proptech company, has raised $59 million in a Series B round led by Balderton Capital, according to a press release. The transaction witnessed the participation of Peak XV, ExBorder Partners, Turmeric …

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9 July 2025 11:49 AM Al Seer Marine expands portfolio via AED 760m facility from ADCB

Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company obtained an AED 760 million ($207 million) facility from Abu Dhabi Commercial Bank (ADCB) for eight years to support its diversified fleet growth and strategic investments. The …

Banking and Finance

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9 July 2025 11:10 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP as of 8 July 2025. …

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9 July 2025 10:40 AM Alpaca, Kuwait-based ZAD boost Shariah-compliant investments globally

Mubasher: Alpaca, a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, and fixed income, partnered with Kuwait-based digital investment platform ZAD to expand access to Shariah-compliant investment …

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8 July 2025 10:23 PM MENA-focused Mashreq Bank backs AGSI’s green steel via AED 126m

Dubai - Mubasher: Mashreq Bank has extended a AED 126 million sustainable financing facility to Arabian Gulf Steel Industries (AGSI), according to a press release. The green loan will accelerate AGSI’s sustainability agenda and support its …

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8 July 2025 09:28 PM DIB closes $1bn syndicated term-finance facility for Pakistan

Dubai – Mubasher: Dubai Islamic Bank (DIB) has completed a $1 billion syndicated term-finance facility for Pakistan, arranged in collaboration with a consortium of regional and international financial institutions, according to a press release. …

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8 July 2025 08:52 PM BioSapien extends pre-Series A funding round to $8m

UAE – Mubasher: BioSapien has extended its pre-Series A round to over $8 million, adding Globivest to its list of backers, alongside Global Ventures, Golden Gate Ventures, and Dara Holdings. Globivest is the first women-led, gender lens venture …

Companies Investments

Founders of Rekaz

8 July 2025 07:02 PM Rekaz closes $5m seed to expand AI-driven tools in GCC region

Riyadh- Mubasher: Saudi SaaS startup Rekaz has raised $5 million in seed funding to scale its operating system for service-based businesses, such as gyms, salons, and mobile providers. The funding round was led by COTU Ventures, with participation …

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8 July 2025 06:18 PM icogz raises $1.4m pre-seed funding to expand business in MENA, Asia

UAE - Mubasher: icogz, a UAE-based provider of AI-native business intelligence and analytics solutions, has raised $1.40 million in pre-seed funding to accelerate regional expansion. The transaction was backed by angel investors and syndicates …

Companies Investments

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7 July 2025 06:21 PM Dubai Land Department, Crypto.com partner to boost digital real estate, Blockchain integration

UAE - Mubasher: The Dubai Land Department (DLD) has signed a memorandum of cooperation (MoC) with Crypto.com to develop a digital investment environment for virtual real estate assets. The partnership aligns with the Dubai Government’s vision to …

Companies Investments

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7 July 2025 06:05 PM ADIB allocates AED 17.3bn for sustainable finance in 2024

Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has mobilized AED 17.30 billion in sustainable finance by the end of 2024, advancing toward its AED 60 billion target by 2030. ADIB became the first Islamic bank in the region to set …

Companies Investments

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7 July 2025 08:28 AM AD Ports, Ningbo Zhoushan Port to establish auto logistics ecosystem

Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) partnered with Zhejiang Provincial Seaport Investment and Operation Group Company Limited (Ningbo Zhoushan Port Group)to establish a comprehensive automotive logistics ecosystem project. The …

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7 July 2025 07:29 AM Modon Holding generates AED 5.5bn sales from Wadeem project within 72 hours

Abu Dhabi - Mubasher: Modon Holding completed the sell-out of Wadeem on Hudayriyat Island within 72 hours of launch, generating sales amounting to AED 5.50 billion. The strong sales make Wadeem 2025’s highest-valued real estate release in Abu …