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12:57 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 …
Real estate
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12:51 PM Oil prices climb amid mounting tensions in Middle East – Saxo Bank
Mubasher: The crude oil market is witnessing a rise due to escalating tensions in the Middle East following the killing of an Egyptian soldier in a clash with Israeli forces, according to a report by Saxo Bank. The price of West Texas Intermediate …
Macroeconomics
Mubasher.info receives Arab Media award 2024
10:47 AM Mubasher.info news portal receives Arab Media award 2024
UAE – Mubasher: Mubasher.info news portal has received the Digital Media Award 2024 for being the Best Economic portal at the Arab Media Forum. Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media, received the award on the first day of the …
Event
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10:43 AM 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 …
Macroeconomics
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09:55 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 …
Global Economy
Sandeep Sinha, Head of Healthcare Consulting – MEA, JLL
27 May 12:56 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 …
Sector Reports
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27 May 12:22 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 …
Event
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27 May 11:44 AM 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 08:14 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 10:32 AM 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 09:36 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 03:20 PM Centena Group boosts regional presence with platform debut in Saudi Arabia
Mubasher: Dubai-based Centena Group has announced the launch of AtlabShoponline platform as an educational eCommerce platform in Saudi Arabia to promote a knowledge-based economy across the region while further solidifying its presence in the …
Global Economy
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23 May 12:56 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) …
Global Economy
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23 May 12:00 PM Immensa joins forces with Pelagus 3D to expand business in MENA
Mubasher: MENA’s largest digital manufacturer Immensa has penned a strategic collaboration agreement with Pelagus 3D, an on-demand digital manufacturing partner for the maritime and offshore industry. The two parties will integrate their strengths …
Global Economy
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23 May 11:17 AM 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 …
Event
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23 May 09:38 AM Egypt reportedly to operate EGP 1.7bn new fuel transportation pipeline
Cairo – Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources plans to operate a new transportation pipeline for petroleum products on the Mediterranean coast, according to Al Arabiya Business. The new pipeline will link the MIDOR oil …
Global Economy
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23 May 07:59 AM Microsoft, UAE’s G42 unveil $1bn investment in Kenya
UAE – Mubasher: Microsoft Corporation and UAE’s G42 announced an initial invetments of $1 billion in digitalisation projects in Kenya in collaboration with the country’s Ministry of Information, Communications, and the Digital Economy. The …
Global Economy
Jad Antoun, CEO and Co-Founder of Huspy
23 May 06:07 AM UAE-headquartered Huspy fuels growth plans in MENA via funding round
UAE – Mubasher: Huspy, a property technology firm headquartered in the UAE, has raised a funding round led by Balderton Capital, along with existing investor Fifth Wall as well as other investors. The fundraising had a considerably higher …
Global Economy
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22 May 03:47 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 …
Global Economy
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22 May 09:20 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 …
Global Economy
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22 May 08:23 AM SAL pens SAR 458m joint deal with Riyadh Airports at Future Aviation Forum
Riyadh – Mubasher: SAL Saudi Logistics Services Company inked a binding mutual agreement with Riyadh Airports Company at a value of SAR 458 million on the sidelines of the Future Aviation Forum 2024, which concludes in Saudi Arabia on 22 May. The …
Companies Investments
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21 May 03:31 PM Future Aviation Forum 2024 likely to showcase $100bn opportunities in Saudi aviation sector
Riyadh – Mubasher: The Future Aviation Forum 2024 is expected to showcase the $100 billion investment programme of opportunities available in the Saudi aviation sector that will accelerate the development of aviation globally. The three-day event, …
Sector Reports
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21 May 12:24 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 …
Event
Korea Tourism Organization
21 May 10:39 AM Korea Tourism Organization launches regional office in Saudi Arabia
Riyadh – Mubasher: Korea Tourism Organization (KTO) has inaugurated a representative office in Riyadh to expand its presence in the Middle East and the GCC, according to a press release. The inauguration anchors South Korea's efforts to expand its …
Companies Investments
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21 May 05:49 AM Regeny, Tellus Power to bolster sustainable mobility in Middle East
UAE – Mubasher: Dubai-based electric vehicle (EV) charging solutions provider Regeny and Tellus Power Green, a renowned provider of renewable energy solutions, teamed up to boost sustainable mobility solutions in the Middle East. The partnership …
Companies Investments