International Markets

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24 September 05:39 PM e7 Group, 7I Holding to scale sovereign technology solutions globally

Abu Dhabi - Mubasher: e7 Group has entered into a strategic partnership with 7I Holding, the regional affiliate of Swiss-based SICPA, to expand global reach in secure and sovereign solutions. The collaboration aims to develop and promote sovereign …

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24 September 12:40 PM Presight, Shorooq launch $100m global AI innovation fund

Abu Dhabi - Mubasher: Presight AI Holding and Shorooq Partners have launched a $100 million global AI innovation fund to back next-generation artificial intelligence ventures worldwide. The joint fund will focus on startups in fintech, energy, and …

Companies Investments

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24 September 11:02 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 and USD, as of 23 …

Basma Berti, VP for Visa Consulting & Analytics, and Nour Taher, Co-Founder and CEO of intella

24 September 09:19 AM Visa, intella partner to deliver Arabic-first conversational AI across MENA

Mubasher: intella, the deep-tech leader in Arabic-first speech intelligence, joined forces with Visa to revolutionize conversational AI for financial institutions across the MENA region, according to a press release. The partnership aims to …

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24 September 08:06 AM HyperPay pens MoUs with Mastercard, Mozn at Money20/20 Middle East

Riyadh – Mubasher: HyperPay, the Saudi payments services provider in the MENA region, signed strategic memorandums of understanding (MoUs) with Mastercard and Mozn at the Money 20/20 Middle East conference. These partnerships are expected to …

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24 September 07:22 AM SNB rolls out new SME financing platform via partnership with Tarabut, Geidea

Riyadh - Mubasher: Saudi National Bank (SNB) partnered with Tarabut and Geidea to launch a first-of-its-kind point-of-sale (POS) lending solution for small and medium enterprises (SMEs). Powered by Tarabut and delivered through Geidea, the …

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23 September 05:26 PM Saudi fintech erad raises $33m debt round at Money 20/20 Middle East conference

Riyadh - Mubasher: Saudi fintech erad has closed $33 million in debt financing, led by India’s Stride Ventures with participation from other investors, during the Money 20/20 Middle East conference in Riyadh. The round aims to expand erad’s …

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23 September 11:02 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 and USD, as of 22 …

Companies Investments

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23 September 10:26 AM Premium Healthcare unveils EGP 1.5bn regional expansion plans

Cairo - Mubasher: The board of Premium Healthcare Group has approved an expansion plan valued at EGP 1.48 billion, including the establishment of four new companies in Egypt and Kuwait as part of its future strategy. The move will be financed …

Companies Investments

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23 September 08:14 AM Arada enters UK market via acquisition of 75% stake in Regal

UAE - Mubasher: Dubai-based master developer Arada has completed the acquisition of a 75% stake in Regal, one of London’s leading residential-led mixed use developers, according to a press release. Arada has also committed an initial GBP 500 …

Companies Investments

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23 September 07:26 AM World Bank inaugurates regional office in Riyadh

Riyadh - Mubasher: The World Bank has opened a new regional hub in Riyadh to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region, according to a press release. The Riyadh hub will be co-located with the World Bank …

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22 September 01:22 PM Orascom Construction, OCI Global eye merger to establish global infrastructure, investment platform

Mubasher: OCI Global and Orascom Construction are pursuing a potential merger to establish a global infrastructure and investment platform headquartered in Abu Dhabi. Under the merger, the two entities intend to build a diversified platform …

Companies Investments

Rami Suliman and Ahmed Banafa, Founders of Bynow

22 September 09:27 AM Merak Capital invests $1.2m in Bynow to foster regional expansion

Riyadh - Mubasher: Merak Capital has invested $1.20 million in Saudi fintech Bynow to boost product development and regional expansion. The funding will allow Bynow to streamline business-to-business (B2B) payments in line with Saudi Vision 2030 …

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22 September 07:57 AM Saudi P2P lending platform MoneyMoon secures $2.9m pre-series A round

Riyadh - Mubasher: MoneyMoon has closed a $2.90 million (SAR 11 million) pre-series A round led by Core Vision, with backing from family offices and angel investors. The funding will enhance technology, expand access to instant short-term …

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22 September 07:34 AM Najm, Elm forge partnership at Money20/20 Middle East conference

Riyadh - Mubasher: Najm for Insurance Services has signed a cooperation deal with Elm Company on the sidelines of the Money20/20 Middle East conference to enhance the quality of services provided to beneficiaries. The two parties will join forces …

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21 September 02:46 PM Valu, MobileMasr launch Egypt’s 1st P2P BNPL solution

Cairo - Mubasher: U Consumer Finance (Valu) has joined forces with MobileMasr to launch the first peer-to-peer (P2P) buy-now, pay-later (BNPL) service for pre-owned smartphones in Egypt, according to a press release. The services enable …

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21 September 12:58 PM Sindbad Tech closes SAR 18m seed round during Money 20/20 Middle East

Riyadh - Mubasher: Saudi fintech Sindbad Tech has raised SAR18 million ($4.80 million) in a seed round led by Alkhabeer Capital on the sidelines of the Money 20/20 Middle East conference. The funding will be used to scale its fintech solutions, …

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21 September 12:01 PM UAE-based Armoir closes $500,000 seed to boost global reach

UAE - Mubasher: Luxury luggage startup Armoir has raised $500,000 in a seed funding round led by Salica Oryx Fund, with participation from Plus VC and global angel investors. The funds will be used to launch new collections, expand across the MENA …

Companies Investments

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21 September 09:14 AM Saudi Arabia UAE lead space investments in GCC with $663m

Mubasher: Saudi Arabia, the UAE, and Qatar topped the GCC region’s civil space investments, contributing to the region’s emergence as a hub for space innovation and ambition. The Middle East and Africa (MEA) space market is valued at $18 billion, …

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21 September 08:06 AM Alnima Bank invests in MENA-focused Qashio to enhance financial solutions

Riyadh - Mubasher: Alinma Bank has invested in UAE-based fintech Qashio in line with its commitment to providing advanced services and digital financial solutions to enhance operational efficiency. The partnership will focus on developing a …

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21 September 07:34 AM Saudi Nadrah joins UNION Technologies’ $51.3m funding round

Riyadh - Mubasher: US-based advanced manufacturing firm UNION Technologies has raised $51.30 million in financing to expand its software-driven munitions production platform. The transaction witnessed participation from strategic investors, …

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18 September 05:42 PM Saudi Arabia included in JP Morgan GBI-EM watchlist

Riyadh - Mubasher: Saudi Arabia has been added to JP Morgan’s government bond index for emerging markets (GBI-EM) watchlist, recognizing the Kingdom’s efforts to deepen market liquidity and attract global investors. The inclusion is expected to …

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Shubham Poddar, Founder and CEO of Amaani

18 September 11:28 AM UAE’s Amaani raises $3m seed funding to launch Arab beauty brand globally

UAE - Mubasher: UAE-based beauty and wellness platform Amaani has raised $3 million in seed funding led by Peak XV’s Surge, according to a press release. The company will use the investment for beauty brand, AÏZA, scaling its business across the …

Malik Alyousef, Co-founder and Chief Operating Officer at Mozn

18 September 10:11 AM Mozon rolls out Payment Intelligence at Money 20/20 Middle East conference

Mubasher: Mozn, a regional leader in enterprise AI technologies, has launched Payment Intelligence, a new product within its flagship FOCAL Enterprise Fraud Management platform, at the Money 20/20 Middle East conference. Payment Intelligence …

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18 September 08:33 AM Halan UAE, Lean Technologies partner to expand credit access in GCC

Mubasher: Halan UAE, part of Egypt and MENA’s first fintech unicorn MNT-Halan, has partnered with Lean Technologies to leverage open banking technology and expand credit access for individuals and small businesses across the GCC. The partnership …

Companies Investments