UAE - Mubasher: The UAE-based NOW Money partnered with global tech firm Mastercard to boost the payments industry across the GCC region, according to a press release. Through Mastercard payment cards, NOW Money customers will have secure and …
UAE - Mubasher: EMX, a 7X logistics provider, launched EMX International to streamline e-commerce parcel delivery across the GCC region. The new service consolidates shipments to GCC, allowing companies to utilise Dubai as a gateway and optimise …
Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …
Cairo – Mubasher: Madinet Masr Housing and Development has signed a memorandum of understanding (MoU) with Aboelwafa Contracting and Real Estate Investment Company to execute the construction work of the Sarai project. The MoU covers the …
Riyadh – Mubasher: Saudi Arabia held the third position in 5G Download Speed among key markets in the EMEA region, according to a report released by Opensignal. The report highlighted that the Kingdom witnessed a significant improvement in 5G …
Riyadh – Mubasher: The Saudi Arabian capital, Riyadh, has ranked among the world’s top 15 fastest-growing cities by 2033 based on economy, population, and wealth in the Savills Growth Hubs Index. Riyadh’s population is anticipated to grow by 26% …
Cairo – Mubasher: The net international reserves (NIR) at the Central Bank of Egypt (CBE) reached a new high of $46.38 billion at the end of June 2024. Reserves increased by $258.40 million from $46.12 billion in May, according to CBE’s …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a total value of EGP 8.25 billion over three tranches on Monday, 8 July. The first auction was valued at EGP 3 billion, holding a tenor of two years until 2 July …
Cairo – Mubasher: The Egyptian Exchange (EGX) announced extending the validity period for the acquisition offer the non-binding offer (NBO) for the acquisition of Elsewedy Electric Company by the UAE’s Electra Investment Holding to 8 July 2024. In …
Cairo – Mubasher: The Egyptian Exchange (EGX) announced Thursday, 11 July 2024 as an official holiday in celebration of the Islamic New Year. The EGX will resume work on Sunday, 14 July.
Riyadh – Mubasher: flynas launched its first direct flight between Riyadh and El-Alamein International Airport (DBB) on the north coast of Egypt on 3 July, according to a press release. The air carrier added the Mediterranean city to its list of …
Riyadh – Mubasher: BinDawood Holding Company has signed a non-binding memorandum of understanding (MoU) with Regional Group Company in Qatar for commercial franchise rights to open eight branches under BinDawood brand in Qatar. The deal comes in …
Cairo – Mubasher: Orascom Development Egypt (ODE) announced that its subsidiary, Makadi Heights for Tourism Development, has concluded an agreement with the Tourism Development Authority for an additional grace period of 8.50 years for its …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 65 billion through two offerings on Sunday, 7 July. The first auction was valued at EGP 40 billion and will mature in 91 days on 8 …
UAE – Mubasher: Radius Group teamed up with Knight Frank MENA to launch the Radius City Logistics project in Dubai Investments Park 2 (DIP II), according to a press release. Knight Frank MENA’s Industrial and Logistics team will facilitate the …
Cairo – Mubasher: Egypt’s new government was reportedly unveiled, on 3 July, under the leadership of Prime Minister, Mostafa Madbouly. Extra News channel revealed the names of the entire new ministerial formation, which was approved by President …
UAE - Mubasher: Mastercard has entered into a partnership with the UAE-based LuLu Group to boost sustainability, innovation, and efficiency in retail payments across the six GCC markets. The partnership, extending across Bahrain, Kuwait, Oman, …
Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …
Cairo – Mubasher: Egypt-based edtech startup El Kheta has secured a $400,000 fundraising from EdVentures, the investment arm of Nahdet Misr Group, according to a press release. This contribution aligns with EdVentures' commitment to supporting …
Cairo – Mubasher: The extraordinary general meeting (EGM) of Export Development Bank of Egypt (EBank) has approved raising the authorised capital to EGP 20 billion from EGP 10 billion. The EGM also ratified increasing the bank’s issued and paid-up …
Cairo – Mubasher: Sales volumes at Egyptian non-oil companies increased for the first time in nearly 34 months in June 2024, ending declines since August 2021. The uplift followed signs of stabilising economic conditions as policy supported easing …
Mubasher: CoinDCX, the largest crypto exchange in India, has acquired Dubai-based virtual assets trading platform BitOasis, for an undisclosed value, according to a press release. CoinDCX previously invested in BitOasis during August 2023 and the …
Cairo – Mubasher: The consolidated net profit of Orascom Investment Holding (OIH) surged to EGP 351.36 million in the first quarter (Q1) of 2024 from EGP 108.94 million in Q1-23. Revenue from continuing operations jumped to EGP 102.17 million in …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 75 billion through two issues on Thursday, 4 July. Holding a tenor of 182 days until 7 January 2025, the first issue was valued at EGP 30 …
UAE - Mubasher: The revenue in the UAE’s crypto sector is expected to grow by 7.89% year-on-year (YoY) to $395.80 million by 2028, up from $292.10 million in 2024. Bitpanda, Europe’s largest crypto platform and infrastructure provider, recently …
