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International Markets

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9 January 2025 06:35 AM Saudi flyadeal add 5 new routes to enhance global network
Riyadh – Mubasher: flyadeal launched five routes from its operating bases of Dammam, Riyadh and Jeddah in 2025, according to a press release. This aligns with the company’s expansion plans that include entry to Pakistan in February as well as …
Global Economy
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9 January 2025 06:18 AM Mintiply Capital, Fuel Venture Capital to foster entrepreneurial landscape in GCC
UAE – Mubasher: Mintiply Capital, a leading advisory and investment banking firm in the UAE, teamed up with US-based Fuel Venture Capital to support the region’s entrepreneurial ecosystem. The exclusive partnership aligns with the UAE’s vision to …
Global Economy
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9 January 2025 06:12 AM Apaya, Telr join forces to boost e-commerce ecosystem in MENA
UAE– Mubasher: Apaya, a commerce automation platform, entered into a strategic partnership with MENA’s online payment gateway Telr to accelerate digital commerce growth in the region. The collaboration will allow merchants to instantly access …
Global Economy
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8 January 2025 07:50 PM ACWA Power unveils update on Middle East’s largest single-contracted wind farm in Egypt
Riyadh – Mubasher: Private water desalination company ACWA Power together with consortium partner HAU Energy, a subsidiary of Hassan Allam Utilities, have achieved the financial close for the 1.1-gigawatt GW Suez Wind Farm in Egypt. The renewables …
Banking and Finance
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8 January 2025 06:45 PM Banque Misr unveils expansion plan in Middle East, Africa
Cairo – Mubasher: Egyptian state-owned Banque Misr intends to broaden its presence in the Middle East and Africa over the coming period, according to an official statement. The expansion plan will be implemented by establishing different …
Banking and Finance
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8 January 2025 04:20 PM ADNOC L&S’ earnings expected to hike following $1bn stake acquisition in Navig8
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has acquired an 80% stake in Navig8 TopCo Holdings for $1.04 billion (AED 3.80 billion), according to a press release. The UAE-based group has committed to own the remaining 20% in …
Mergers and Acquisitions
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8 January 2025 10:46 AM Orbit Startups, PIF’s Sanabil to reinforce early-stage tech innovation in MENA
Riyadh – Mubasher: Orbit Startups and Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), have launched a new accelerator programme. Sanabil Accelerator by Orbit aims to support early-stage startups from Saudi Arabia …
Global Economy
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8 January 2025 09:00 AM MilkStraw AI fuels MENA expansion plans via Flat6Labs-led funding round
UAE – Mubasher: AI startup MilkStraw has raised $600,000 in pre-seed funding to boost its presence across the MENA region, according to a press release. The fundraising transaction was led by Flat6Labs, with participation from Angel Spark, Beyond …
Global Economy