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28 January 2025 10:14 AM NEOM secures $3bn financing from Italy’s SACE
Riyadh – Mubasher: NEOM has secured $3 billion under a long-term multicurrency untied facility with Italy’s SACE, according to a press release. The export credit agency (ECA) financing transaction marks NEOM's first corporate ECA financing and the …
Global Economy
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28 January 2025 08:57 AM AGF Freezers launches new office in Egypt to scale global footprint
Cairo – Mubasher: AGF Freezers Limited, a global manufacturer of food freezing and cooling equipment, has inaugurated its new office in Egypt to expand its footprint, according to a press release. Located at Arabella Plaza in New Cairo, the new …
Companies Investments
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27 January 2025 06:24 PM BioSapien extends funding to $7m, places UAE as global medtech hub
UAE – Mubasher: Healthtech BioSapien has successfully extended its pre-Series A funding round to $7 million, anchoring UAE's position as a global medtech hub, according to a press release. The platform will use the investment to tackle escalating …
Companies Investments
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27 January 2025 10:19 AM Bank Muscat, Knight Frank MENA lead sale of 5-star hotel in Dubai
Mubasher: Knight Frank MENA concluded the sale of Mövenpick, Jumeirah Beach Residences Dubai, on behalf of Bank Muscat, according to a press release. Bank Muscat managed the investment assets for several large regional shareholders, including …
Global Economy
Founders of Pluto
26 January 2025 05:14 PM UAE's fintech Pluto backs regional expansion plans via $4.1m funding
UAE – Mubasher: Pluto, a corporate card and expense management platform, has raised $4.10 million in a pre-Series A funding round, according to a press release. The funding will support Pluto’s expansion in Saudi Arabia and solidify its newly …
Global Economy
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26 January 2025 04:55 PM Egypt-based edtech Eyouth commits $6m to reinforce digital skills in MENA
Cairo - Mubasher: Egyptian edtech company Eyouth has partnered with Singapore-based global education consultancy EDT& Partners to develop digital skills for one million youth in Africa and the Middle East. Backed by a $6 million investment, the …
Global Economy
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26 January 2025 01:13 PM Modon Holding to expand global investment via new JV
Abu Dhabi – Mubasher: Modon Holding created a new 50/50 joint venture (JV) with Broadgate REIT Limited, owned by the UK-based FTSE 100 listed property developer British Land and GIC, according to a press release. The JV, which marks Modon …
Companies Investments
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26 January 2025 09:22 AM MBME Group, WAVZ team up to elevate digital transformation in MEA
Abu Dhabi – Mubasher: MBME Group has signed a memorandum of understanding (MOU) with Egypt’s solution provider company WAVZ  to bolster transformative technology solutions across the MEA region. The two parties will join forces to deliver …
Global Economy
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23 January 2025 06:03 PM Oil prices recover in December 2024; Aramco reduces prices for 2025 beginning – Aljazira Capital
Mubasher: The recent oil and petrochemicals monthly report by Aljazira Capital unveiled that methanol, propylene, and Urea prices rose in December 2024, while EDC, PVC, HDPE and PC declined. The listed Saudi Arabian Oil Company (Aramco) lowered …
Macroeconomics
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23 January 2025 05:08 PM Automotive sector in Arab countries attracts foreign projects with Capex exceeding $25bn – Dhaman
Mubasher: The automotive sector in Arab countries attracted 184 foreign projects with Capex crossing $25 billion over 22 years, according to the Arab Investment & Export Credit Guarantee Corporation (Dhaman). The projects further provided more …
Sector Reports
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23 January 2025 04:27 PM Bonyan obtains nod for listing on EGX; Mubasher acts as placement agent for IPO within H1-25
Cairo – Mubasher: Independent real estate investment company Bonyan has received approval to list on the Egyptian Exchange (EGX) under the ticker symbol “BONY.CA”, according to an official statement. Bonyan plans to proceed with the initial public …
Initial Public Offerings
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23 January 2025 04:15 PM DIFC joins forces with Lloyd’s to boost future talent in insurance sector across region
UAE – Mubasher: Global financial hub in the Middle East, Africa, and South Asia (MEASA) Dubai International Financial Centre (DIFC), has collaborated through its education platform DIFC Academy with Lloyd’s to develop future talent within the …
Companies Investments
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23 January 2025 03:58 PM Cross-listed GFH confirms $200m contribution towards certain sector in US
Mubasher: GFH Financial Group, which is listed on several regional stock markets, has confirmed that its investments and commitments exceed $200 million in the infrastructure sector in the US, according to a bourse filing. The amount is dedicated …
Companies Investments
Mubasher Group Launches AKEED app
23 January 2025 01:52 PM Mubasher launches AKEED for investment funds without amount limits, unveils new app soon
Mubasher: Mubasher Group has launched its newest app AKEED to open opportunities in investment funds and enable investors to carry out all investment transactions electronically. Cash Mubasher, designated for financial instruments like treasury …
Treasury Bills
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22 January 2025 09:33 PM Orascom Construction consortium begins 306 MW commercial operations at region's largest wind farm
Cairo – Mubasher: Orascom Construction recently unveiled the start of commercial operations of the first 306 megawatts (MW) phase of the Ras Ghareb wind farm, according to a company disclosure. Meanwhile, construction of the remaining capacity …
Global Economy
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22 January 2025 04:37 PM Dubai International Chamber remains committed to expanding into global markets – Al Shamsi
UAE – Mubasher: Dubai International Chamber has organised the first In Focus session of 2025 to assist Dubai-based companies in exploring opportunities for broader expansion, according to an official statement. Vice President of International …
Event
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22 January 2025 03:55 PM ADIB unveils 1st personal finance management tool in region
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched the first personal finance management tool, the ADIB Money Management Tracker, in the region to offer more control and insight over the customers’ financial activities. The …
Banking and Finance
Global Labor Market Conference
22 January 2025 02:02 PM Saudi Arabia to host annual Global Labor Market Conference next week
Riyadh – Mubasher: Saudi Arabia will host the ministerial roundtable for the second edition of the annual Global Labor Market Conference (GLMC) for two days under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al …
Event
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22 January 2025 01:17 PM Future Minerals Forum opens door for dialogue on critical minerals traceability; CMAG chairs panel
Riyadh – Mubasher: The Critical Minerals Africa Group (CMAG) chaired a panel session on critical minerals traceability at the Future Minerals Forum that was held in the capital of Saudi Arabia earlier in January 2025. CMAG is an advocacy group …
Event
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22 January 2025 00:52 PM Reynaers Middle East showcases sustainable aluminium solutions at BAU 2025
Mubasher: Sustainable aluminium solutions provider Reynaers Middle East has concluded its participation in BAU 2025, an event held every two years, according to a press release. BAU is a trade fair for architecture, materials, and systems, with …
Companies Investments
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21 January 2025 09:07 PM Top M&A financial, legal advisers in Middle East, Africa unveiled for 2024 – GlobalData
Mubasher: GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the Middle East and African region during 2024. BMO …
Mergers and Acquisitions
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21 January 2025 08:53 PM IEA expects global oil demand growth to accelerate in 2025; OPEC remains more upbeat on outlook
Mubasher: The International Energy Agency (IEA) and OPEC have released their January oil market reports, outlining their views on oil demand for 2025, according to a detailed Emirates NBD Research paper. The IEA expects global oil demand growth to …
Macroeconomics
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21 January 2025 06:28 PM UAE’s VAT law for precious metals likely to allow streamlining, cement country position as global trading hub
UAE – Mubasher: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT. Meanwhile, the responsibility of …
Global Economy
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21 January 2025 04:18 PM Aldar initiates region’s 1st sustainability incentive programme
Abu Dhabi – Mubasher: Aldar Properties has launched a sustainability incentive programme to be the first of its kind in the region aimed at rewarding suppliers with green bonuses that include financial and non-financial benefits, according to a …
Real estate
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21 January 2025 02:19 PM MENA real estate activity likely to witness increase in 2025 – Savills
Mubasher: Real estate investment activity is expected to improve significantly in 2025, with a strong recovery in capital values also anticipated, according to a recent Savills report. Researchers expect that the MENA region, including key markets …
Sector Reports