Latest News

Mubasher: Servme, the leading reservation and guest CRM platform for restaurants and hospitality operators, had entered into a partnership with MyFatoorah, a leading payments platform, to boost payment adoption for restaurants across the Middle …

Abu Dhabi – Mubasher: The board members of Al Seer Marine Supplies & Equipment have elected Readh Faraj Ahmed Alkindi as the Chairman of the board, upon a resolution in their 9 July 2024 meeting. Meanwhile, General Jasem Yousef Yaqoob Almansoori …

Cairo – Mubasher: The Egyptian Exchange (EGX) has completed the transfer of the ownership of around 427.71 million shares in Elsewedy Electric Company to Two Point Zero Group, a subsidiary of International Holding Company (IHC), for EGP 21.20 …

Riyadh – Mubasher: Saudi Arabia ranked first in MENA in terms of the value of venture capital (VC) investments during the first half (H1) of 2024, attracting $412 million, down 7% year-on-year (YoY), according to a report by MAGNiTT. Around 32% of …

UAE – Mubasher: Dubai Chambers has entered into a Memorandum of Understanding (MoU) with VFS Global, visa outsourcing and technology service provider for governments and their diplomatic missions, to boost trade and investment growth for …

Mubasher: The GCC saw a notable decline in project awards during the second quarter (Q2) of 2024, with total awards dropping by 19.70% year-on-year (YoY) to $51.70 billion from $64.30 billion in the same period last year. This downturn was …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 3.67 points (0.09%) and ended Tuesday's trading session lower at 4,078.29 points. A total of 115.65 million shares were exchanged during the session at a value of AED 274.95 …

UAE – Mubasher: Rove Hotels has inaugurated a new hotel in Dubai’s Jumeirah Beach Residence (JBR) under the name Rove JBR, bringing its total hospitality portfolio in Dubai to 3,600 rooms. The new boutique hotel offers travellers Rover Rooms or …

Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) secured a Sharia facility amounting to SAR 70 million from Emirates NBD on 8 July 2024. The Saudi company obtained the loan for one year to finance its operations, …

Abu Dhabi – Mubasher: Agthia Group opened a new protein manufacturing facility at the Industrial City 1 in Jeddah, Saudi Arabia, according to a press release. This strategic investment aligns with Agthia's commitment to Saudi Vision 2030 to …

UAE – Mubasher: The number of economic licences in Ajman rose by 15% year-on-year (YoY) to 37,755 during the first half (H1) of 2024. In H1-24, 3,000 new licences were issued, up 5% YoY, according to a report by the Department of Economic …

UAE - Mubasher: The UAE-based NOW Money partnered with global tech firm Mastercard to boost the payments industry across the GCC region, according to a press release. Through Mastercard payment cards, NOW Money customers will have secure and …

Mubasher: Saudi Arabia and the UAE accounted for 82% of the GCC countries' total oil exports to Japan in May 2024, with their exports totalling about 53.69 million barrels. The GCC countries exported about 61.85 million barrels of crude oil to …

UAE – Mubasher: Network International, a leading digital commerce enabler in the Middle East and Africa, has partnered with Policybazaar.ae to offer affordable insurance policies to Network International’s merchants. The partnership enables …

UAE - Mubasher: EMX, a 7X logistics provider, launched EMX International to streamline e-commerce parcel delivery across the GCC region. The new service consolidates shipments to GCC, allowing companies to utilise Dubai as a gateway and optimise …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Monday’s trading session higher by 11.72 points (0.28%) at 4,081.96 points. A total of 178.01 million shares were exchanged during the session at a value of AED 251.99 million. …

Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …

UAE – Mubasher: DHG Properties, a leading real estate development company operating within DHG Holding, noted that price growth in Dubai’s residential market accelerated with a notable increase from 20.30% in February 2024 to 20.70% last March. …

UAE – Mubasher: Dubai Media has signed a memorandum of understanding (MoU) with NEP Group to foster collaboration and exchange expertise across various media domains. The agreement is part of Dubai Media's ongoing efforts to bolster its logistical …

Riyadh – Mubasher: Saudi Arabia held the third position in 5G Download Speed among key markets in the EMEA region, according to a report released by Opensignal. The report highlighted that the Kingdom witnessed a significant improvement in 5G …

Dubai – Mubasher: Ajman Bank has entered into a contract with Positive Zero’s unit, Taka Solutions, to deploy its energy efficiency solutions at the bank’s headquarters. The 10-year shared savings energy performance contract (SSEPC) covers the …

Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has launched and closed its seventh logistics and industrial fund in the US, according to a press release. The portfolio includes 25 industrial and transportation logistics …

Riyadh – Mubasher: The Saudi Arabian capital, Riyadh, has ranked among the world’s top 15 fastest-growing cities by 2033 based on economy, population, and wealth in the Savills Growth Hubs Index. Riyadh’s population is anticipated to grow by 26% …

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) developed the Independent Power and Water Producer (IPWP) model and attracted investments worth AED 43.60 billion over 10 years. Saeed Mohammed Al Tayer, Managing Director and CEO of …

UAE – Mubasher: India-based Zoya Developments expanded its business into the UAE market with Investment exceeding AED 2 Billion allocated for the next three years. This landmark announcement aligns with their first project in Dubai’s Furjan area, …