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2 June 02:52 PM GCC tops Dubai Chamber of Commerce export list with AED 40.8bn
UAE - Mubasher: The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024. The GCC region accounted for 55.50% of total exports …
Global Economy
Founders of Growdash
2 June 01:17 PM Growdash secures $1.8m funding round led by MENA-focused fund Oryx
UAE – Mubasher: Dubai-based purpose-built software as a service (SaaS) platform Growdash has raised a AED 6.80 million ($1.80 million) in a seed round, according to a press release. The fundraising transaction was led by Oryx Fund, a MENA-focused …
Global Economy
Assem El-Bassal, the CEO of Mubasher Media
30 May 01:55 PM Winning Arab Media Award crowns Mubasher.info’s years of hard work – El-Bassal
Mubasher: Assem El-Bassal, the CEO of Mubasher Media as well as Global Financial Media, stated that choosing Mubasher.info financial portal as the Best Economic Platform during the Arab Media Award crowns years of hard work in the economic …
Global Economy
Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media
29 May 04:55 PM El-Shamsy highlights efforts behind choosing Mubasher.info as Best Economic Platform
UAE – Mubasher: Winning the Arab region’s Best Economic Platform award for the year 2024 confirms the efforts exerted by Mubasher.info’s team of journalists and content creators as well as the marketing and social media, stated Ahmed El-Shamsy, …
Global Economy
Mubasher.info receives Arab Media award 2024
28 May 12:47 PM Mubasher.info portal receives Arab Media award 2024
UAE – Mubasher: Mubasher.info, a comprehensive financial platform and news portal, has won the Digital Media Award 2024 for being the Best Economic Platform at the Arab Media Forum. Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media, received …
Global Economy
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29 May 01:06 PM TVM Capital Healthcare launches $250m Afiyah Fund led by PIF-backed Jada
UAE – Mubasher: TVM Capital Healthcare launched a $250 million Afiyah Fund LP, led by Saudi Public Investment Fund (PIF)-backed Jada Fund of Funds Company. The transaction also included the participation of a group of Saudi, GCC, and European …
Companies Investments
Founders of Thndr
29 May 12:04 PM Egypt-based fintech Thndr launches services into UAE market
Cairo – Mubasher: MENA region's mobile-first investment platform Thndr expanded its services to the UAE after acquiring a Category 3A licence with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority …
Global Economy
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28 May 02:57 PM Dubai Industrial City boosts regional presence via AED 410m land capacity expansion
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 …
Global Economy
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28 May 12:43 PM Middle East named world's fastest-growing real-time payment market for 2nd year – Report
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 …
Banking and Finance
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28 May 11:55 AM UAE leads MENA in WEF’s 2024 index for tourism, travel development
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 …
Sector Reports
Sandeep Sinha, Head of Healthcare Consulting – MEA, JLL
27 May 02:56 PM Investor confidence drives growth in GCC’s healthcare market – JLL
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 …
Global Economy
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27 May 02:22 PM Elm to Participate in GITEX Africa 2024
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 …
Global Economy
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27 May 01:44 PM Mastercard, Payment24 partner to boost EMV adoption in EEMEA's fleet sector
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 …
Global Economy
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27 May 10:14 AM Plaza Premium Group announces $100m expansion plans in Middle East
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 …
Global Economy
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26 May 12:32 PM UAE's Presight AI Holding, Dell Technologies partner to boost digitalisation in MENA
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 …
Global Economy
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26 May 11:36 AM Egypt’s OneOrder raises $16m to expand into GCC region
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 …
Companies Investments
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23 May 02:56 PM Goldman Sachs reportedly becomes 1st Wall Street bank with Saudi HQ licence
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) …
Banking and Finance
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23 May 01:17 PM First Arab Forum for Aviation Security kicks off in Saudi Arabia
Riyah – Mubasher: The General Authority of Civil Aviation (GACA) has organised the first Arab Forum for Aviation Security in cooperation with the Arab Civil Aviation Organization. The forum was attended by 120 leaders in the aviation sector and …
Global Economy
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22 May 05:47 PM Future Aviation Forum 2024 attracts historic investments within 2 days
Riyadh – Mubasher: The third edition of the Future Aviation Forum has witnessed the signing of several agreements on the first two days of the event, which had nearly 5,000 delegates from over 100 countries to elevate global connectivity. On top …
Event
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22 May 11:20 AM flyadeal expands fleet size with new order at Future Aviation Forum
Riyadh – Mubasher: flyadeal unveiled a landmark order for 51 narrow-body Airbus aircraft to boost its expansion plans, according to a press release. The announcement is a part of Saudia Group’s deal for a record 105 aircraft order, which was …
Event
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21 May 02:24 PM Riyadh Air’s Coste unveils plans until 2030, impact on Saudi employment ecosystem – Interview
Riyadh – Mubasher: Chief Commercial Officer at Riyadh Air, Vincent Coste, told Mubasher in an interview during the Future Aviation Forum 2024, which is taking place in the capital of Saudi Arabia for three days. Coste stated: “We are actively …
Companies Investments
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20 May 04:10 PM Civil aviation contributes $53bn to Saudi economy – GACA
Riyadh – Mubasher: Saudi Arabia’s civil aviation sector is contributing $53 billion to the kingdom's economy, according to a report by the General Authority of Civil Aviation (GACA). The contribution of the sector to the Saudi economy includes …
Event
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20 May 04:03 PM SAMI Advanced Electronics joins 3rd Future Aviation Forum as strategic partner
Riyadh – Mubasher: SAMI Advanced Electronics Company (SAMI-AEC), wholly owned by Saudi Arabian Military Industries (SAMI), is taking part in the third edition of Future Aviation Forum 2024 as a strategic partner, according to a press release. As a …
Companies Investments
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20 May 02:27 PM Saudia pens historic deal with Airbus during Future Aviation Forum 2024
Riyadh – Mubasher: Saudia Group and Airbus have inked the largest aircraft deal in Saudi aviation history, according to a press release. The two entities penned the deal on the slides of the Future Aviation Forum 2024, which kicked off at the King …
Companies Investments
Future Aviation Forum in Riyadh
20 May 12:14 PM Future Aviation Forum 2024 launches in Saudi Arabia
Riyadh – Mubasher: The third edition of the Future Aviation Forum has kicked off today in the capital of Saudi Arabia under the patronage of the Custodian of the Two Holy Mosques King Salman. The event is being held for three days, 20-22 May 2024, …
Global Economy