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22 June 2025 07:50 PM UK-based Axia Media expands global footprint via Dubai office
UAE – Mubasher: Axia Media Group, a UK-based provider of financial and business services, has inaugurated a new office in Dubai to enhance its presence in the Middle East. The launch aligns with the company’s strategy to support its growing client …
Companies Investments
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22 June 2025 07:42 PM Union Insurance reduces capital by 30.5% to offset accumulated losses
Abu Dhabi - Mubasher: Union Insurance Company reduced its capital by 30.50% from AED 330.93 million to AED 230 million to offset accumulated losses amounting to AED 142.74 million. The transaction will be executed by utilizing AED 41.80 million …
Banking and Finance
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22 June 2025 01:22 PM Aldar registers AED 3.4bn in Fahid Island sales during launch week
Abu Dhabi – Mubasher: Aldar Properties generated more than AED 3.50 billion in sales at Fahid Beach Residences and The Beach House, according to a press release. The Fahid Island homes attracted several buyers due to their position as Abu Dhabi’s …
Companies Investments
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22 June 2025 01:02 PM Beltone Leasing secures $20m for MSMEs, green financing in MENA
Cairo - Mubasher: Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, obtained a total of $20 million in funding from two investment funds managed by Germany-based Finance in Motion GmbH. Each of the SANAD Fund for MSME …
Banking and Finance
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22 June 2025 00:04 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, except for the …
Trading Activities
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22 June 2025 09:33 AM Serco extends AED 495m deal with Dubai Airports
UAE – Mubasher: Serco extended its contract with Dubai Airports at a value of AED 495 million (GBP100 million) to run until December 2030, according to a recent press release. The five-year extension builds on a guest experience partnership over …
Companies Investments
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22 June 2025 08:50 AM FAB becomes MENA’s 1st lender to join CIPS as direct participant
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has become the first lender in the MENA region to join the cross-border Interbank Payment System (CIPS) as a direct participant (DP), according to a press release. FAB’s direct participation in …
Global Economy
Mirnas Brescic, CEO and Founder of SaturnX
20 June 2025 00:37 AM SaturnX closes $3m funding round to expand in Southeast Asia
UAE – Mubasher: SaturnX has raised $3 million in seed funding, led by White Star Capital with participation from institutional investors, according to a press release. The funding will support the UAE-based infrastructure provider’s expansion into …
Companies Investments
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19 June 2025 05:32 PM Taaleem acquires GCC-focused KFG to expand network
Dubai – Mubasher: Taaleem Holdings has signed a sale and purchase agreement to acquire 95% shareholding in Kids First Group Limited (KFG), an early-learning premium education provider in the GCC. The acquisition is expected to boost Taaleem’s …
Global Economy
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19 June 2025 04:26 PM PIF launches ERC to support Expo 2030 Riyadh
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched Expo 2030 Riyadh Company (ERC) to build and operate the facilities of Saudi Arabia’s first World Expo, according to a press release. Spanning 6 million square meters, Expo 2030 …
Macroeconomics
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19 June 2025 10:53 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, except for the …
Management Decisions
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19 June 2025 07:53 AM Dubai International Chamber inaugurates 1st representative office in North America
UAE – Mubasher: Dubai International Chamber has officially launched a new representative office in Toronto, exploring avenues to foster bilateral trade and investments between Dubai and Canada. Being the first representative office in North …
Global Economy
Mohy Aboualam, Co-Founder and CEO of TheDar.AI
18 June 2025 10:06 PM Darwinz AI drives regional growth via seed funding round
Riyadh - Mubasher: Darwinz AI (TheDar.AI), a Saudi-Egyptian company behind the AI Copilot platform dima, has raised $325,000 in a seed funding round, led by Flat6Labs KSA and Glint Ventures. Founded in Egypt in 2021 by Emad Elazhary and Mohy …
Companies Investments
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18 June 2025 06:13 PM UAE’s Prop-AI raises $1.5m in pre-seed funding to expand in MENA
UAE – Mubahser: Dubai-headquartered proptech Prop-AI has closed a $1.50 million pre-seed funding round, led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain. Prop-AI will use …
Global Economy
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18 June 2025 02:07 PM Octa fuels regional expansion plans via $20m credit facility from SFDF
UAE – Mubahser: Octa has raised $20 million in a credit facility from Sukna Fund for Direct Financing (SFDF) to embed short-term working capital financing directly into its platform, according to a press release. The UAE-based fintech platform …
Global Economy
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18 June 2025 00:41 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, except for the …
Mutual Funds
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18 June 2025 10:35 AM DMCC, Aqua-index sign MoU for 1st water-backed digital token
UAE – Mubahser: Dubai Multi Commodities Centre (DMCC) and AQUA-INDEX penned a memorandum of understanding (MoU) to support the first water-backed digital asset token, the first of its kind globally. The collaboration will position DMCC and Dubai …
Companies Investments
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17 June 2025 08:55 PM Tabreed, Emerge complete solar energy project for UAE’s ministry
Dubai - Mubasher:  The UAE Ministry of Defense teamed up with National Central Cooling Company (Tabreed) and Emerge, a joint venture (JV) between the UAE’s Masdar and France’s EDF Group,  to reinforce its environmental credentials The entities …
Companies Investments
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17 June 2025 03:44 PM Octane raises $5.2m to transform MENA’s fleet payments
Cairo – Mubasher: Egypt’s leading digital platform for fleet and on-road expense management Octane has closed a $5.20 million funding round led by Shorooq, Algebra Ventures, and Elsewedy Capital Holding. Octane will use the new capital to expand …
Companies Investments
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17 June 2025 02:35 PM DisrupTech backs Nigeria-based agri-fintech Winich’s funding round for MENA expansion
Cairo – Mubasher: Egypt-based early-stage fintech fund DisrupTech Ventures announced its first pan-African investment, backing Nigerian agri-fintech startup Winich Farms. The investment forms part of Lagos-based Winich’s Pre-Series A round, …
Companies Investments
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17 June 2025 00:52 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, except for the …
Macroeconomics
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17 June 2025 10:15 AM Bitcoin.com launches 1st MENA office in Dubai
UAE – Mubahser: Cryptocurrency services firm Bitcoin.com launched its services in Dubai Multi Commodities Centre (DMCC), according to a press release.  Being its first headquarters (HQ) in the MENA region, the company’s move anchors DMCC’s leading …
Global Economy
Mohamed Hesham, CEO of ePointZero
17 June 2025 09:44 AM ePointZero names new CEO to boost global clean energy transition
Abu Dhabi – Mubasher: ePointZero, the global renewable energy platform of 2PointZero, has appointed Mohamed Hesham as its new CEO to accelerate the clean energy transition worldwide. The appointment comes at a time when global electricity demand …
Management Decisions
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17 June 2025 09:30 AM UK-based NayaOne enters Saudi fintech market
Riyadh – Mubasher: NayaOne, a UK-based vendor delivery infrastructure (VDI) platform, has marked its entry into Saudi Arabia with support from AstroLabs, according to a press release. NayaOne launched the Kingdom’s first fully Saudi-hosted …
Companies Investments
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17 June 2025 09:24 AM Al Messabi to lead ADNOC Drilling’s growth strategy as new CEO
Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company appointed Abdulla Ateya Al Messabi as the new CEO, according to a press release. Al Messabi succeeded Abdulrahman Abdulla Al Seiari, who will retire at the end of 2025 following …
Board of Directors