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 …
UAE – Mubasher: Dubai-based fintech Comfi has secured a $5 million debt facility from an undisclosed Abu Dhabi-based private family office, according to a press release. The investment aligns with Comfi’s objectives to expand its footprint and …
UAE – Mubasher: Abu Dhabi-based Smpl Holdings has established a $10 million venture capital fund under the name Smpl Fund I. The new fund will invest in technology and AI companies in the Middle East, North Africa, and beyond, according to a press …
UAE – Mubasher: Etihad Cargo, the cargo arm of Etihad Airways, has expanded its partnership with China’s SF Airlines to increase freight flights between key hubs. From July 2024, Etihad Cargo will operate two cargo planes a week between Abu Dhabi …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) went down by 1.43 points (0.03%) on Tuesday and closed the trading session at 3,998.82 points. A total of 274.94 million shares were exchanged during the session at a value of AED …
UAE – Mubasher: JLL advised Neo Capital, a Dubai-based investment management firm, is refinancing Weena 200 in the Netherlands, according to a press release. The asset consists of freehold, multi-let commercial space totalling 17,433 square …
UAE – Mubasher: Etihad Airways has launched flights from Abu Dhabi to Al Qassim, Saudi Arabia, marking the route as the carrier's fourth destination in the country. It is also the first ever direct air link connecting the UAE capital with Al …
Riyadh – Mubasher: Xpence has entered into a five-year partnership for growth agreement with Visa to expand business in Saudi Arabia, according to a press release. Since the initial engagement under the Visa Fintech Fast Track programme in 2019, …
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 …
UAE – Mubasher: HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release. WorldTrader will enable HSBC Wealth and Personal Banking …
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 …
UAE – Mubasher: Dubai-based carrier flydubai has announced the launch of new routes to two Pakistani cities starting July 2024. Daily flights will connect Dubai International Airport with Islamabad International Airport and Allama Iqbal …
UAE-Mubasher: Lunate Capital has launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8 July. The fund will track the performance of the J.P. …
Riyadh – Mubasher: Mastercard penned a strategic deal with urpay, a digital wallet powered by neolaep, to provide the latter’s consumers across the Kingdom with access to a wide range of cross-border payment solutions. The agreement aligns with …
Mubasher: Digital payments firm Euronet is partnering with open banking leader Fintech Galaxy to provide banking-as-a-service across the Middle East and Africa (MEA) Their new platform offers account-based payment processing capabilities and other …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Monday’s trading session lower by 11.94 points (0.29%) at 4,000.25 points. A total of 367.04 million shares were exchanged during the session at a value of AED 355.37 million. …
Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …
Riyadh – Mubasher: Dubai-based supermarket operator Spinneys has opened its first Saudi location in Riyadh on 43,520 square feet in the mixed-use La Strada Yard development in the An-Nuzha district. The Riyadh store will produce bakery, meat and …
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 …
UAE – Mubasher: The Dubai Future Foundation (DFF) and Meta teamed up to launch a joint business incubator programme powered by Meta's AI model LLAMA 3, according to a press release. The launch was announced during AI Retreat 2024, which was …
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 …
Mubasher: Orange Energies has announced opening its digital energy platform to all firms on Africa to boost access. The Orange Smart Energies software facilitates prepaid solar and meter payments via mobile money, reducing non-payment risk for …
UAE – Mubasher: The Central Bank of the UAE (CBUAE) expects the country's GDP to growth at 3.90% in 2024 before accelerating to 6.20% in 2025. Non-oil GDP growth is projected to remain robust at 5.40% in 2024 and 5.30% in 2025, with hydrocarbon …
