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02 October 11:32 AM

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04:37 AM UPFRONT closes $10m pre-seed funding to back SMBs in MENA
UAE - Mubasher: UPFRONT secured a $10 million pre-seed funding, a mix of equity and debt, to address cash flow inefficiencies holding back small and medium-sized businesses (SMBs) in the MENA region. The round was co-led by Palm Ventures and …
Global Economy
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04:29 AM Emirates expands flights to London amid high demand
UAE – Mubasher: Emirates has added six weekly flights to its London Heathrow schedule, starting 26 October 2025, following a record growth and demand in the winter season. The flights will provide more convenience and departure time choices for …
Global Economy
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04:20 AM Egypt’s residential market attracts $1.4bn in private capital baked by UAE, KSA
Cairo - Mubasher: Egypt’s real estate market drew $1.40 billion in private capital as demand surges, emerging as one of MENA’s fastest-growing markets. The country now ranks third in construction activity after Saudi Arabia and the UAE, according …
Companies Investments
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1 October 03:31 PM Spinneys enters Southeast Asia market through Ayala’s JV
Dubai - Mubasher: Spinneys formed a joint venture (JV) with Filipino conglomerate Ayala Corporation to open stores in the Philippines, marking its first expansion into Southeast Asia. Under the deal, Ayala will hold a 60% stake in the JV, with …
Companies Investments
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1 October 02:13 PM Kuwait returns to global debt markets via $11.2bn bond issue
Mubasher: Kuwait has returned to the international debt capital markets with a landmark $11.25 billion triple-tranche issuance, its first since 2017, according to a press release. The offering attracted overwhelming demand, pricing at some of the …
Banking and Finance
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1 October 10:00 AM Schneider Electric, Petra Engineering forge partnership to strengthen Saudi Arabia’s data center infrastructure
Riyadh - Mubasher: Schneider Electric, the global leader in the digital transformation of energy management and automation, has signed a strategic partnership with Petra Engineering Industries Company, a leading manufacturer of heating, …
Companies Investments
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1 October 09:49 AM Beyond ONE inaugurates regional office in Saudi Arabia
Mubasher: Beyond ONE has opened a new office in Riyadh, besides a sustainability-driven headquarters (HQ) in Dubai. The move reinforces the company’s commitment to employee wellbeing, inclusivity, and environmental responsibility, according to a …
Companies Investments
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1 October 08:41 AM Iliad Partners closes $50m fund to accelerate growth of MENA startups
UAE - Mubasher: UAE-based venture capital firm Iliad Partners announced the second closing of its $50 million Iliad Partners Tech Ventures Fund I, featuring Eurobank, National Bank of Greece, and Piraeus Bank. This marks the first VC investment in …
Companies Investments
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1 October 07:31 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 30 …
Banking and Finance
Ibrahim Anwar and Mohammed Darwish, Founders of Sabika
30 September 01:47 PM Egypt’s Sabika raises funding round to expand gold, silver investment in Gulf
Cairo - Mubasher: Sabika, a Sharia-compliant digital platform for gold and silver investment, secured a USD six-figure strategic investment led by M Empire Angels to support its expansion in Egypt and the Gulf region. The investment will be used …
Companies Investments
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30 September 01:24 PM Sukna Capital backs MENA’s tech firms via $50m loans
Riyadh - Mubasher: Sukna Capital has joined global credit manager Partners for Growth (PFG) to offer $50 million in specialty loans to high-growth tech firms and SMEs across Saudi Arabia and the MENA region. The partnership will secure working …
Companies Investments
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30 September 12:59 PM PIF-led alliance to acquire Electronic Arts for $55bn
Riyadh - Mubasher: A consortium comprised of Public Investment Fund (PIF), Silver Lake, and Affinity Partners entered into an agreement to acquire Electronic Arts at an enterprise value of $55 billion. The transaction will enable Electronic Arts, …
Global Economy
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30 September 12:18 PM Tarabut launches regional HQ in Riyadh
Riyadh – Mubasher: MENA’s leading regulated fintech platform Tarabut has inaugurated its regional headquarters (HQ) in Riyadh, according to a press release. The new office promotes Saudi-focused product development and client delivery, anchoring …
Companies Investments
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30 September 11:02 AM Careem takes minority stake in Swapp to boost regional car rental services
UAE - Mubasher: Careem has acquired a minority stake in UAE-based digital car rental platform Swapp to expand flexible mobility options in the region, according to a press release. The partnership offers on-demand and subscription car rentals with …
Global Economy
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30 September 10:50 AM BECO Capital closes $370m dual-fund raise to back Gulf founders
Mubasher: BECO Capital has secured $370 million in two new funds, strengthening its capacity to back founders from pre-seed to initial public offering (IPO). Focusing on the UAE and Saudi Arabia, the company plans to expand its full-stack platform …
Companies Investments
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30 September 08:58 AM ADNOC Distribution relaunches Oasis brand with premium non-fuel offerings
Abu Dhabi - Mubasher: ADNOC Distribution has relaunched its Oasis convenience brand with a premium ‘On-the-Gourmet’ concept across 379 locations in the UAE, Egypt, and Saudi Arabia. The refreshed brand, known as Oasis by ADNOC, aims to elevate …
Companies Investments
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30 September 06:46 AM Sadq fuels regional expansion plans via $1m funding round
Riyadh - Mubasher: Saudi digital platform Sadq has secured an additional $1 million pre-series A funding round, led by Impact46, according to a press release. The funding will accelerate the company’s product development and security enhancements, …
Companies Investments
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29 September 01:30 PM Biban Forum 2025 to kick off in Riyadh next November
Riyadh - Mubasher: Saudi Arabia is set to host Biban Forum 2025, the Kingdom’s flagship event for startups, small and medium enterprises (SMEs), and innovators. Organized by the Small and Medium Enterprises General Authority (Monsha’at), the event …
Event
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29 September 11:09 AM ONE Development enters Egyptian market to expand regional expansion
Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …
Real estate
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29 September 08:54 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 28 …
Mutual Funds
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28 September 05:52 PM GCC’s tourism sector records $247.1bn in 2024
Mubasher: The value added by the travel and tourism sector to the gross domestic product (GDP) of the GCC nations increased by 31.90% to $247.10 billion in 2024, when compared to 2019. The sector’s contribution to the region’s GDP is expected to …
Macroeconomics
Najib Khan, Group Chief Business Services Officer at Ooredoo and Ahmed Al Mannai, CEO of Innovatix Systems
28 September 05:18 PM Ooredoo promotes cybersecurity services in MENA to boost global footprint
Mubasher: National Mobile Telecommunications Company (Ooredoo), in partnership with Innovatix Systems, has launched advanced cybersecurity services to protect customers’ digital assets and ensure uninterrupted digital experiences. Live in Qatar, …
Global Economy
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28 September 09:10 AM AngelAi launches in Saudi Arabia, eyes GCC expansion
Riyadh - Mubasher: AngelAi, the world’s first empathetic AI platform for financial services, has launched in Saudi Arabia, according to a press release. The platform provides the Saudi banks and investors with access to AI-powered growth anchored …
Global Economy
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28 September 06:51 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 27 …
Banking and Finance
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25 September 04:42 PM Riyadh-based DOO closes $1.7m to expand in GCC region
Riyadh - Mubasher: AI-powered customer experience platform DOO has secured $1.70 million in a funding round led by Merak Capital, with participation from Plus VC and other regional investors. Through the fresh funding, DOO will accelerate product …
Global Economy