Top News

Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …

Dubai – Mubasher: Dubai Taxi Company has signed a strategic partnership agreement with Talabat to provide transportation and delivery solutions to the latter’s customers, according to a press release. The collaboration aligns with the DFM-listed …

Mubasher: The Middle East ranked as the fastest-growing real-time payment market for the second consecutive year in 2023, according to the 2024 Prime Time for Real-Time report by ACI Worldwide and GlobalData. The region's real-time payment market …

UAE – Mubasher: The UAE came first in the MENA region and 18th globally in the World Economic Forum’s Travel & Tourism Development Index (TTDI) 2024, according to the WEF report. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the …

Riyadh – Mubasher: Gulf Islamic Investments (GII) has signed a SAR 1 billion agreement with LogiPoint, a subsidiary of Sustainable Infrastructure Holding Company (SISCO Holding), to create a joint venture (JV) for a logistics platform. The new …

UAE – Mubasher: Emirati advanced technology and defence company EDGE has signed a cooperation agreement with the Abu Dhabi Department of Economic Development (ADDED) to enhance Abu Dhabi’s industrial capabilities. Under the agreement, EDGE will …

UAE – Mubasher: DP World has teamed up with Maalexi to offer new efficiencies and access to a wider range of food products at Jebel Ali Port, which will provide another transformation to food security in the Gulf area. The agreement with Maalexi, …

UAE – Mubasher: Emirates Development Bank (EDB) unveiled plans to provide financing at a total value of AED 30 billion by 2026, according to Emirates News Agency (WAM). Shaker Zainal, Business Finance Director at EDB, highlighted that the …

Mubasher: The increased investor confidence is driving sustained demand across the healthcare value chain in the Middle East region, according to JLL. JLL recently advised a consortium led by UAE-based Fajr Capital to acquire a 65% shareholding in …

Riyadh – Mubasher: Elm Company is set to participate in the second edition of Africa’s large technology and startup event, GITEX Africa 2024. During the event, Elm will showcase its latest innovative solutions in various fields, including modular …

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) plans to increase its local manufacturing target for critical industrial products in its procurement pipeline to AED 90 billion ($24.50 billion) by 2030. ADNCO unveiled its growth plans …

Riyadh – Mubasher: Mastercard and Payment24 are extending their collaboration to enhance security and drive innovation in the fleet and fuel payment industry across Eastern Europe, the Middle East, and Africa (EEMEA). This partnership aims to …

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) partnered with Gracia Group to launch the agritech platform, according to a press release. The platform is a full-fledged digital ecosystem created to transform the agricultural …

Cairo – Mubasher: Premium Diagnostics LCC acquired a 9.37% equity ownership in City Medical Laboratory at a value of EGP 60 million, according to a bourse disclosure. The UAE-based entity purchased 60 million shares in the EGX-listed firm at an …

UAE – Mubasher: Holo, a direct mortgage platform in the UAE, has completed a pre-Series A funding round with oversubscription.  The round was led by Dubai Future District Fund (DFDF), UK’s Oryx fund, and Aditum Investment Management., according to …

UAE – Mubasher: DP World and Saudi Ports Authority (Mawani) established a new logistics park at Jeddah Islamic Port at a value of SAR 900 million ($250 million), according to a press release. The two parties joined forces to provide advanced …

Mubasher: Plaza Premium Group (PPG) has invested $100 million to expand its presence in the Middle East with a major focus on Saudi Arabia. This investment aims to anchor the group’s role as a connector between the Middle East and popular global …

UAE – Mubasher: Nakheel, the development arm of Dubai Holding, has awarded contracts for the construction of infrastructure at Palm Jebel Ali. Nakheel awarded a contract for the construction of a public access road, providing access from Sheikh …

Abu Dhabi – Mubasher: Palms Sports has completed the acquisition of an 80% stake in Yas Physiotherapy Center, a musculoskeletal and sports injury treatment and rehabilitation clinic. The acquisition aligns with the ADX-listed company’s investment …

Abu Dhabi – Mubasher: Big data analytics company Presight AI Holding, a subsidiary of UAE's G42, has signed a memorandum of understanding (MoU) with Dell Technologies to accelerate digital transformation and innovation across various sectors in …

Cairo – Mubasher: Egyptian logistics solution company OneOrder has raised $16 million in equity and debt in a Series A funding round. The funding is aimed at enabling the company to expand into the GCC region in autumn 2024, build up financing …

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with Parkin Company. The MoU aims to expand the number of electric vehicle (EV) charging stations in several locations in Dubai, …

Riyadh – Mubasher: Goldman Sachs Group Incorporation became the first Wall Street bank to establish a Middle Eastern headquarters (HQ) in Saudi Arabia, according to Bloomberg. Goldman obtained a licence from the Saudi Ministry of Investment (MISA) …