Top News

Dubai – Mubasher: Emirates NBD has announced a SAR 100 million ESG-linked working capital facility with Chalhoub Group, the Middle East’s largest luxury goods retailer and distributor. The financing agreement marks Chalhoub’s first ESG-linked …

Mubasher: National Mobile Telecommunications Company (Ooredoo) secured a QAR 2 billion financing deal to accelerate the growth of its data centre and AI business in the MENA region. The 10-year financing agreement was signed with QNB, Doha Bank, …

Mubasher: United Accountants plans to expand its portfolio in the MENA region, adding financial technology, strategic consulting, mergers and acquisitions, and digital transformation. Haytham Torkey, the Managing Partner at the firm, underlined …

Riyadh – Mubasher: The leading financial platform Mubasher Media, one of the pioneers in the MENA region, is joining Seamless Saudi Arabia this year as its Media Partner. Mubasher Media will offer live coverage of the event which is being held …

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar( reached the financial close of the 154 megawatt (MW) Čibuk 2 wind farm in Serbia, according to a press release. The agreement was signed at a special ceremony on the sidelines of RES …

Dubai – Mubasher: A consortium including Arcapita Group Holdings Limited and Dgpays agreed to acquire a majority stake in NEOPAY, the UAE’s fast-growing payment solutions provider. Under the joint deal, Mashreq Bank will retain a significant …

UAE – Mubasher: Jubail Island Investment Company (JIIC) has awarded the construction contract for the Jubail Town Centre in Souk Al Jubail at nearly AED 400 million, according to a press release. The contract has been awarded to Bright Accord …

UAE – Mubasher: The Emirates added a fourth daily flight to Johannesburg on the in-demand route, bolstering its operations in South Africa. This follows the announcement of the second daily A380 between Dubai and Johannesburg, which launched on 1 …

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar), in which Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, plans to acquire Saeta Yield from Brookfield Renewable. The transaction is valued at $1.40 billion, which …

Riyadh – Mubasher: Rheem Middle East has inaugurated its new regional headquarters (RHQ) in Saudi Arabia, according to a press release. Riyadh’s office aligns with Rheem's commitment to investing in one of its key markets and further accelerating …

UAE – Mubasher: Paperworld Middle East launched a new kraft and packaging section, as research from Mordor Intelligence estimates the MEA market will reach $10.60 billion by 2025. Paperworld Middle East is set to hold its 13th edition during 12-14 …

Cairo - Mubasher: eAswaaq, a subsidiary of e-finance for Digital and Financial Investments, and Post for Investment, a unit of Egypt Post, launched the ECOM Africa company, according to a press release. The joint venture (JV) will develop and …

UAE – Mubasher: Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics Company plan to build new factories in the UAE, according to the Wall Street Journal. The joint project will be implemented in the coming years to meet …

Abu Dhabi – Mubasher: The board of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) approved interim cash dividends amounting to $350 million (AED 1.28 billion) for the first half (H1)of 2024. ADNOC Distribution is set to …

UAE – Mubasher: KASCO Developments has officially launched its business in the UAE property market with an initial investment of AED 1.20 billion, according to a press release. KASCO Group has run operations in real estate since 2008 and its …

Dubai – Mubasher: The board members of Al Ansari Financial Services announced interim cash dividends amounting to AED 157.50 million for 2024, according to a bourse filing. Ex-dividend ad payment dates will be 27 September and 16 October, …

UAE – Mubasher: One Development is set to redefine the UAE’s real estate industry standards by launching its flagship AED 2 billion project in Dubai’s City of Arabia, according to a press release. The launch aligns with One Development’s …

Abu Dhabi – Mubasher: AD Ports Group has signed agreements with two UAE lenders to refinance its syndicated loan of $2.25 billion, according to a press release. The ADX-listed group aims to renew the loan at more favourable terms that would enable …

Cairo – Mubasher: Beko, a global leader in home appliances, has inaugurated its first industrial park in Egypt with an investment of $110 million. The new facility boosts Beko's global expansion strategy to drive innovation, sustainability, and …

UAE - Mubasher: GTN, a global fintech redefining trading and investing for all, is pleased to announce the promotion of Zaid Aloul to Chief Commercial Officer (CCO) for the Middle East. In this new role, Zaid also joins the GTN Middle East …

Mubasher: Bybit, the second-largest cryptocurrency exchange by trading volume on the global level, was granted a provisional (non-operational) approval from the Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Service …

Cairo – Mubasher: Farid, an emerging Egyptian EdTech Startup, has secured $250,000 in a pre-seed funding round from Saudi businesswoman Amal bint Abdulaziz Al Ajlan. This funding aligns with the company’s strategic partnerships with schools across …

UAE – Mubasher: Expand North Star will launch at Dubai Harbour as the world's largest event for global startups and investors over three days from 13 to 16 October 2024, according to a press release. The event is organised by Dubai World Trade …