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Mohy Aboualam, Co-Founder and CEO of TheDar.AI
18 June 2025 10:06 PM Darwinz AI drives regional growth via seed funding round
Riyadh - Mubasher: Darwinz AI (TheDar.AI), a Saudi-Egyptian company behind the AI Copilot platform dima, has raised $325,000 in a seed funding round, led by Flat6Labs KSA and Glint Ventures. Founded in Egypt in 2021 by Emad Elazhary and Mohy …
Global Economy
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18 June 2025 06:13 PM UAE’s Prop-AI raises $1.5m in pre-seed funding to expand in MENA
UAE – Mubahser: Dubai-headquartered proptech Prop-AI has closed a $1.50 million pre-seed funding round, led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain. Prop-AI will use …
Companies Investments
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18 June 2025 02:07 PM Octa fuels regional expansion plans via $20m credit facility from SFDF
UAE – Mubahser: Octa has raised $20 million in a credit facility from Sukna Fund for Direct Financing (SFDF) to embed short-term working capital financing directly into its platform, according to a press release. The UAE-based fintech platform …
Global Economy
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18 June 2025 00:41 PM 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, except for the …
Trading Activities
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18 June 2025 10:35 AM DMCC, Aqua-index sign MoU for 1st water-backed digital token
UAE – Mubahser: Dubai Multi Commodities Centre (DMCC) and AQUA-INDEX penned a memorandum of understanding (MoU) to support the first water-backed digital asset token, the first of its kind globally. The collaboration will position DMCC and Dubai …
Companies Investments
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17 June 2025 08:55 PM Tabreed, Emerge complete solar energy project for UAE’s ministry
Dubai - Mubasher:  The UAE Ministry of Defense teamed up with National Central Cooling Company (Tabreed) and Emerge, a joint venture (JV) between the UAE’s Masdar and France’s EDF Group,  to reinforce its environmental credentials The entities …
Companies Investments
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17 June 2025 03:44 PM Octane raises $5.2m to transform MENA’s fleet payments
Cairo – Mubasher: Egypt’s leading digital platform for fleet and on-road expense management Octane has closed a $5.20 million funding round led by Shorooq, Algebra Ventures, and Elsewedy Capital Holding. Octane will use the new capital to expand …
Global Economy
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17 June 2025 02:35 PM DisrupTech backs Nigeria-based agri-fintech Winich’s funding round for MENA expansion
Cairo – Mubasher: Egypt-based early-stage fintech fund DisrupTech Ventures announced its first pan-African investment, backing Nigerian agri-fintech startup Winich Farms. The investment forms part of Lagos-based Winich’s Pre-Series A round, …
Companies Investments
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17 June 2025 00:52 PM 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, except for the …
Global Economy
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17 June 2025 10:15 AM Bitcoin.com launches 1st MENA office in Dubai
UAE – Mubahser: Cryptocurrency services firm Bitcoin.com launched its services in Dubai Multi Commodities Centre (DMCC), according to a press release.  Being its first headquarters (HQ) in the MENA region, the company’s move anchors DMCC’s leading …
Global Economy
Mohamed Hesham, CEO of ePointZero
17 June 2025 09:44 AM ePointZero names new CEO to boost global clean energy transition
Abu Dhabi – Mubasher: ePointZero, the global renewable energy platform of 2PointZero, has appointed Mohamed Hesham as its new CEO to accelerate the clean energy transition worldwide. The appointment comes at a time when global electricity demand …
Management Decisions
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17 June 2025 09:30 AM UK-based NayaOne enters Saudi fintech market
Riyadh – Mubasher: NayaOne, a UK-based vendor delivery infrastructure (VDI) platform, has marked its entry into Saudi Arabia with support from AstroLabs, according to a press release. NayaOne launched the Kingdom’s first fully Saudi-hosted …
Companies Investments
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17 June 2025 09:24 AM Al Messabi to lead ADNOC Drilling’s growth strategy as new CEO
Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company appointed Abdulla Ateya Al Messabi as the new CEO, according to a press release. Al Messabi succeeded Abdulrahman Abdulla Al Seiari, who will retire at the end of 2025 following …
Board of Directors
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16 June 2025 02:59 PM Asas Makeen pens SAR 240m development agreement with NHC
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has signed a SAR 240 million agreement with the National Housing Company (NHC). The project aims to develop the Tali’at Al-Mashraqiyah project in eastern Riyadh, …
Real estate
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16 June 2025 02:43 PM ProMedEx inks joint deal with Zhende Medical to expand in GCC
Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) signed a non-binding memorandum of understanding (MoU) with Zhende Medical Company Limited and MedSurg FZ-LLC to establish a joint factory in Saudi Arabia. The joint venture (JV) …
Global Economy
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16 June 2025 01:00 PM Binghatti Holding launches DIFC asset management firm with $1bn target
UAE – Mubahser: Binghatti Holding Limited has launched a Dubai International Financial Centre (DIFC) based asset management firm, Binghatti Capital, targeting the management of about $1 billion in Shariah-compliant private credit and real estate …
Companies Investments
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15 June 2025 05:49 PM Abu Dhabi’s hospitality sector attracts AED 611m revenues in March
Abu Dhabi – Mubasher: Abu Dhabi’s hospitality sector generated AED 611 million in revenue during March 2025, according to preliminary data released by the Department of Culture and Tourism (DCT). Total revenue breakdown includes AED 345 million …
Real estate
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15 June 2025 03:34 PM SNB to issue USD-denominated Tier 2 capital notes; UAE-listed lenders participate
Riyadh - Mubasher: The Saudi National Bank (SNB) intends to issue USD-denominated Tier 2 capital notes under its Euro Medium Term Note (EMTN) program. The proceeds aim to enhance the bank’s Tier 2 capital and boost its financial as well as …
Banking and Finance
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15 June 2025 03:03 PM AfDB supports Africa’s largest solar energy project via $184m funding
Cairo – Mubasher: The African Development Bank Group (AfDB) has approved a financing package of up to $184.10 million for Africa’s largest solar energy and battery storage project, according to a press release. The funding will be used to support …
Global Economy
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15 June 2025 00:17 PM AD Ports, Bahrain’s ASRY join forces to support maritime sector in GCC
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY)for strategic maritime and ports projects. The two parties seek to set up a joint venture …
Companies Investments
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15 June 2025 09:47 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, except for the …
Banking and Finance
Photo Archive
15 June 2025 09:21 AM Agility Global’s unit Tristar inks $255m financing agreement
Abu Dhabi – Mubasher: Tristar, a subsidiary of Agility Global, has penned a new credit facility with several regional and international banks for an amount of $255 million. The facility deal holds a maturity period of 18 months with an extension …
Companies Investments
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15 June 2025 08:42 AM G42 expands global footprint via G42 Europe & UK subsidiary in London
UAE – Mubahser: Emirati AI and advanced technology group G42 has a subsidiary in London, G42 Europe & UK, to focus on delivering tailored AI solutions to Europe and the UK's private sector, according to Emirates News Agency (WAM). Co-chaired by …
Companies Investments
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15 June 2025 08:05 AM Kumulus Water expands off-grid water tech in Europe, MENA via $3.5m funding
Mubasher: Paris-based climate-tech startup Kumulus Water has raised $3.50 million in a seed round to scale its off-grid water production technology in Europe and the MENA region. The funding transaction was led by Bpifrance via France 2030 SGPI …
Companies Investments
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15 June 2025 07:47 AM IHC launches ADGM-based RIQ to redefine global reinsurance landscape
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in Abu Dhabi Global Market (ADGM). The new brand supports the objectives of IHC, …
Banking and Finance