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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. …
Mergers and Acquisitions
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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 …
Global Economy
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 …
Companies Investments
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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 …
Companies Investments
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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. …
Global Economy
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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 …
Banking and Finance
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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 …
Global Economy
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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. …
Companies Investments
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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 …
Companies Investments
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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 …
Banking and Finance
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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 …
Global Economy
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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 …
Companies Investments
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7 July 2025 07:18 AM EFG Hermes advises on $190m investment in Alameda to fuel regional expansion
Mubasher: EFG Hermes, an EFG Holding Company, has acted as the sole M&A financial advisor on the signing of binding agreements for a $190 million minority stake investment in Alameda Healthcare by Development Partners International (DPI). Its …
Banking and Finance
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6 July 2025 06:52 PM UAE non-oil sector grows steadily during June; PMI records 54.5
UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE edged up to 53.5 in June 2025 from 53.3 last May, according to the latest S&P Global PMI data. UAE non-oil private sector businesses registered a contraction in …
Sector Reports
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6 July 2025 02:37 PM Beltone Holding launches MENA-focused unit Robin to boost AI growth
Cairo - Mubasher: Beltone Holding has launched a wholly owned subsidiary specializing in data science and AI called Robin, according to a press release. The launch aligns with Beltone’s strategic vision to empower organizations with intelligent, …
Global Economy
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6 July 2025 11:57 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 2 July 2025. …
Banking and Finance
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6 July 2025 11:32 AM Taaleem Holdings generates higher profits in 9M-24/25; revenues up 18.5%
Dubai – Mubasher: Taaleem Holdings logged net profits valued at AED 242.25 million in the first nine months (9M) of fiscal year (FY) 2024/2025, an annual rise of 7.60% from AED 225.19 million. Basic and diluted earnings per share (EPS) amounted to …
Financial Results
Saudia
2 April 2025 07:08 PM Saudia launches flights to Athens, to introduce new departure airport in June
Riyadh – Mubasher: Saudi Arabia’s national flag carrier Saudia has launched seasonal flights to Athens in Greece from Riyadh, according to a press release. The inaugural flight, SV195, took off from King Khalid International Airport on 2 April …
Companies Investments
Ras El-Hekma
1 April 2025 06:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma
Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …
Global Economy
JINGDONG Logistics
1 April 2025 04:40 PM JINGDONG Logistics expands operations in MENA
Mubasher: JINGDONG Logistics, also known as JD Logistics, has expanded its presence in the Middle East with five warehouses and beyond in parts of North Africa, according to a press release. The Chinese supply chain management company established …
Global Economy
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3 July 2025 03:56 PM Nasdaq-listed DeFi Technologies launches UAE office to expand into MENA
UAE - Mubasher: DeFi Technologies, a financial technology company bridging the gap between traditional capital markets and decentralized finance (DeFi), has launched business in the UAE. The company expanded in the GCC and MENA region with the …
Companies Investments
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3 July 2025 02:30 PM Flawless closes $1.5m pre-seed funding to expand business
Riyadh – Mubasher: Flawless, a Saudi digital platform offering AI-powered career guidance, has secured $1.50 million in a pre-seed funding round backed by a group of regional angel investors. The investment will be used to advance the platform’s …
Global Economy