Oman news

UAE – Mubasher: The second edition of the Green Hydrogen Summit will take place in the UAE capital on 16 April 2024, as part of the World Future Energy Summit (WFES), and it will be hosted by Abu Dhabi Future Energy Company (Masdar) under the …

UAE – Mubasher: Ducab Group, a UAE-based manufacturing firm, has revealed a strategic plan to expand into 20 new markets. The plan will bring the company’s operations to 75 countries across the Middle East, Africa, Asia, Australasia, Europe, and …

Mubasher: The Saudi crude oil production surged by 20,000 barrels per day (bpd) to hit 9.03 million bpd in March 2024 compared with 9.01 million bpd in February, according to the latest OPEC report. The average crude oil production by Saudi Arabia …

UAE – Mubasher: Global aerospace engineering and leasing solutions leader Sanad, which is wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, has renewed a five-year contract with Asiana Airlines, the second largest airline …

Mubasher: Forbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, with Saudi Arabia leading the list via 10 entries at an aggregated market value of $279.50 billion. As of 23 February 2024, the 30 banks had a combined value of …

UAE-Mubasher: Etihad Airways added the Saudi province of Al Qassim to its growing list of destinations, increasing its total number of Saudi gateways to four. This move aligns with the company’s objectives to expand its network and enhance …

Mubasher: Potential macroeconomic changes in Turkiye are set to benefit subsidiaries of GCC-based banks in the country. A disinflation in Turkiye is set to cut GCC banks’ net losses and the decelerated devaluation of the lira is expected to reduce …

Cairo – Mubasher: Egypt led the Middle East as the most represented country in the Forbes ranking list of the region’s top companies in the financial technology (fintech) sector. The 13 Egyptian companies represented in the list include Fawry for …

Mubasher: Turkish multinational household appliances manufacturer Arçelik, Beko’s parent company, has acquired Whirlpool’s operations in the MENA region, according to a press release. Under the acquisition deal, Arçelik currently owns Whirlpool’s …

Riyadh – Mubasher: Saudi Information Technology Company (SITE), Wholly owned by the Public Investment Fund (PIF), and its subsidiary SITE Ventures, have entered into a dual investment with AhnLab, a cybersecurity company in South Korea. The PIF …

Mubasher: Google Cloud has named Noor Al Sulaiti as the Head of Security Business Development and Government Relations for the META region. Al Sulaiti will add her experience in the telecommunications and technology sectors to her new role, …

Mubasher: Global retail conglomerate GMG expanded its 12-year partnership with VF Corporation to foster the presence of VF's brands in the region, according to a press release. The joint agreement aims to grow the network of new mono-brand partner …

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) and Microsoft teamed up to develop new AI-based banking capabilities and bolster financial services, according to a press release. The two entities will partner to launch an AI Innovation Hub that …

Mubasher: BBS Technology, a developer of next-generation cybersecurity solutions, provided companies in the MENA region with enhanced solutions to avoid cyber-attacks sponsored by global states. Chairman of TITLE at BBS Technology, Bedir Sarı, …

Mubasher: Informatica launched its AI-backed Intelligent Data Management Cloud (IDMC) in Saudi Arabia, which was the first in the Kingdom, according to a press release. The investment includes developing a new point of delivery (PoD) in Riyadh in …

Riyadh – Mubasher: Like Digital, a global digital agency with offices in the UK and UAE, teamed up with AstroLabs to expand its operations into Saudi Arabia. This step aligns with Like Digital’s growth plans to boost its footprint across the …

Dubai – Mubasher: Emirates NBD Capital, the investment banking arm of Emirates NBD, has arranged a $500 million syndicated revolving credit facility (RCF) for Lenovo Group Limited. The facility marks Lenovo's first entry into the Middle East …

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 …