By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is planning to acquire stakes in real estate, healthcare, and logistics companies, Managing Partner Mostafa Abdelaziz told Mubasher in an interview. The company is finalising procedures …
Cairo – Mubasher: The Information Technology Industry Development Agency (ITIDA) signed a memorandum of understanding (MoU) with Telecom Egypt and Nokia, according to a press release. The agreement, which was inked during the Egypt-EU Investment …
Abu Dhabi – Mubasher: Presight AI Holding has partnered with Wand AI, a leader in intelligent human-AI collaboration based in the US, according to a press release. The two entities joined forces to lead this large-scale deployment of generative AI …
Abu Dhabi – Mubasher: Al Yah Satellite Communications Company (Yahsat), the UAE’s satellite solutions provider, has chosen SpaceX to launch its new geostationary satellites, Al Yah 4 (AY4) and Al Yah 5 (AY5). The new satellites are scheduled to be …
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has awarded South Korean shipyards Samsung Heavy Industries and Hanwha Ocean up to $2.50 billion (AED 9.20 billion) shipbuilding contracts. The deals cover the construction of new …
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Orascom Construction have signed an agreement with Norway’s Scatec and UAE-based Chemical industry company Fertiglobe to launch a green hydrogen project in at the port of Sokhna with a …
Abu Dhabi – Mubasher: The Abu Dhabi Chamber of Commerce and Industry sealed a deal with e&, aimed at boosting cooperation to back SMEs in Abu Dhabi, according to a press release. The partnership seeks to foster the growth of the business community …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) joined forces with tech company Silent Eight to automate financial crime compliance screening, according to a press release. Silent Eight leverages AI tools to create custom compliance models for …
Dubai – Mubasher: Ajman Bank has entered into a strategic partnership with Magnati to boost the digital payment capabilities of its corporate and business banking clients, according to a press release. Through this collaboration, the DFM-listed …
Abu Dhabi – Mubasher: Al Hilal Bank, a subsidiary of the Abu Dhabi Commercial Bank (ADCB) Group has teamed up with Abu Dhabi Securities Exchange (ADX) to initiate instant subscriptions to all Sharia-compliant initial public offerings (IPOs) on the …
Dubai – Mubasher: MENAT-focused banking group Emirates NBD has entered into an exclusive partnership with CARS24 to elevate the customer car buying and auto financing journey in the UAE, according to a press release. This is the first-of-kind …
Abu Dhabi – Mubasher: AD Ports Group and Saif Powertec Limited signed a memorandum of understanding (MoU) to cooperate on projects in various ports in Bangladesh, according to a press release. The two parties will explore opportunities for …
Dubai – Mubasher: Ajman Bank has announced integrating Jaywan card acceptance across its ATM network. The initiative will enable seamless cash withdrawals for Jaywan cardholders, according to a press release. The Jaywan card, launched by Al Etihad …
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has sealed the acquisition of 32.60% strategic equity in DME Holdings Limited, a leading international commodities exchange, according to a press release on 26 June 2024. Following the equity …
Mubasher: Emirates NBD and Jarir Marketing Company (Jarir Bookstores) inked a cooperation agreement to enhance the customer experience by offering exclusive services and benefits to their clients. The joint deal aligns with the two entities’ …
Dubai – Mubasher: Mashreq Bank has extended its partnership with Oracle Financial Services to back its growth plans worldwide, according to a press release. The lender will replace its core systems with Oracle solutions to streamline and enhance …
Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, has acquired Turkey-based GlassHouse Technologies in a deal that underscores its ambitions to expand globally. The acquisition establishes Turkey as a new key market for …
Dubai – Mubasher: Taaleem Holdings has finished construction of the Dubai British School (DBS) Jumeira campus, located in a prime Dubai Canal area. The new campus will open in September and is expected to enrol around 1,900 students once fully …
Abu Dhabi – Mubasher: The shareholders of ADNOC Drilling Company greenlighted the new progressive dividend policy for 2024-2028, which will see dividends grow by at least 10% annually. The expected cumulative minimum yield from the new policy is …
Mubasher: National Mobile Telecommunications Company (Ooredoo) teamed up with NVIDIA Cloud Partner (NCP) to become a leading digital infrastructure provider in the MENA region. Ooredoo will leverage NVIDIA’s accelerated computing platform to help …
Dubai – Mubasher: Moody’s Ratings has affirmed Dubai Insurance Company’s ‘A3’ insurance financial strength rating (IFSR). The rating agency changed the company’s outlook to positive from stable, according to a press release. DIN's outlook has …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …
Abu Dhabi – Mubasher: e& plans to bring Copilot for Microsoft M365, the transformative AI tool, to small and medium-sized businesses (SMBs) and enterprises, according to a press release. Copilot is an AI-powered assistant that integrates with …
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has commissioned a new water reservoir in Enkhali and connected it to Dubai’s water network at a cost of AED 287.80 million. The reservoir, which has a storage capacity of 120 million …
Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …
