UAE – Mubasher: Around 32% of the Small and Medium-sized Enterprises (SMEs) attracted by Dubai in 2023 originated from the Middle East and Eurasia. Meanwhile, 29% of SMEs drawn to the emirate come from Asia and Australia, according to data …
UAE – Mubasher: Mubadala Investment Company has acquired a 100% stake in KELIX bio, a leading emerging markets biopharmaceuticals platform. The sold stake represents the full ownership of Development Partners International (DPI), an investment …
Abu Dhabi – Mubasher: E7 Group inked three security solutions contracts at a total value of AED 12.90 million to expand its network in the UAE and Middle East, according to a press release. The one-year agreements cover the manufacture and supply …
Mubasher: BKN301 Group launched its BKN301 banking-as-a-service (BaaS) Orchestrator solution to reshape the financial landscape in the MENA region, according to a press release. The platform aims to enable businesses of all sizes, particularly …
UAE – Mubasher: AI-driven platform Coupa, headquartered in the US, has opened its first data centre in the Middle East in collaboration with the Amazon Web Services (AWS) team in Dubai. The new AWS data centre aims to enhance data security for …
UAE – Mubasher: Gulf Business Machines (GBM), a digital solutions provider, has extended its strategic partnership with Lenovo. The partnership will expand to include the sale and support of the groundbreaking Lenovo TruScale IaaS (infrastructure …
UAE – Mubasher: Dubai-based sailing club Wind Rises has secured $1 million in a pre-seed funding round from angel investors, according to a press release. The funds will be used to expand the fleet and boost the company’s services while fostering …
UAE – Mubasher: CoinMENA FZE, the virtual asset service provider headquartered in the UAE, has teamed up with Network International to offer a seamless and secure onramp from fiat to crypto through card deposits to customers. This strategic …
Riyadh – Mubasher: The Arab Energy Fund (TAEF), previously APICORP, reported a 51% year-on-year (YoY) surge in net income to $225 million in 2023. Total assets grew by 12% YoY to reach $9.88 billion last year, according to a press release. As of …
Mubasher: MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has secured a new funding round led by key venture and technology investors in the MENA region, according to a press release. Shorooq Partners led the $11 million …
UAE – Mubasher: Dubai International Chamber supported the global expansion of two Dubai-based businesses to provide advanced electric vehicles (EVs) in new markets, according to a press release. This comes within the framework of the strategic …
Mubasher: The price of Brent crude oil is expected to hover above $80 per barrel (pb) at the end of 2024, as market sentiment shifts towards a more reserved outlook for demand. In a survey by Bloomberg Intelligence, around 53% of respondents …
Mubasher: The Federal Reserve (Fed) is expected to maintain interest rates at 5.50% during its upcoming two-day monetary policy meeting, concluding on 20 March. This expectation is supported by higher-than-expected inflation data and signs of …
Riyadh – Mubasher: The global energy transition strategy has not succeeded in many aspects due to five hard realities that should be considered to adjust its path, stated Amin Nasser, President & CEO of Saudi Arabian Oil Company (Aramco). These …
UAE – Mubasher: Abu Dhabi Securities Exchange (ADX) partnered with Eureeca, a global investment platform with a presence in Europe, to expand access to global investors to initial public offerings (IPOs) ADX and Eureeca will build on the …
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
Mubasher: Paklaunch has closed its seed funding round with undisclosed value to boost the startup ecosystem in Pakistan and the GCC region, according to a press release. The fundraising was led by Disrupt.com with the participation from Indus …
UAE – Mubasher: US-based Cloudflare has officially opened a new office in Dubai Internet City as part of its plan to increase investment in the Middle East, according to a press release. Co-Founder, President, and COO of Cloudflare, Michelle …
Mubasher: VMS and Clara, a platform streamlining company digital formations, inked a memorandum of understanding (MoU) to back startups in the MENA region. The two parties signed the agreement on the slides of LEAP24 that took place in Riyadh …
Riyadh – Mubasher: TAWAL, an information and communications technology (ICT) infrastructure subsidiary of Saudi Telecom Company (stc), has announced a new technical system for private 5G networks at LEAP 2024. TAWAL joined forces with MOBiSENSE to …
Cairo – Mubasher: Egypt-based ad tech dKilo has secured $3.20 million in a Seed funding round during the Leap 2024 conference that kicked off in Riyadh on 4 March. The fundraising transaction was led by Upturn Ventures, a venture builder …
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
Riyadh – Mubasher: Digital Solution Provider Elm Company has signed a memorandum of understanding with the Saudi Red Sea Authority (SRSA), the organiser and enabler of coastal tourism in the kingdom, to provide online services. The MoU also …
Riyadh – Mubasher: Katch International, a leading PR agency, has opened its first office in Saudi Arabia in line with its expansion plans into the region, according to a press release. Located in Riyadh, the new official comes within the framework …