Abu Dhabi – Mubasher: E7 Group penned multiple new contracts to provide security solutions and commercial printing services across the MEA region. The agreements align with the group’s strategy to boost global expansion and profitable growth, …
Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …
Mubasher: areeba, a leader in payment solutions and processing services, announced the successful certification of its in-house-developed switch by Mastercard, according to a press release. The two parties join forces to provide world-class …
UAE – Mubasher: UAE-based fintech Fortis has closed a Series A funding round valued at $20 million from Opportunity Venture, according to a press release. Fortis, a retail tech and fintech solutions provider tailored for SMEs, will use the …
Cairo – Mubasher: The Potcast Productions Company, and Egyptian podcast production firm, has concluded an early financing round in the second season of the Shark Tank program under the guidance of businesswoman Dina Ghabbour, according to a press …
Riyadh – Mubasher: Penny Software has completed its Pre-Series A funding round, securing investment from Iliad Partners, joined by GSI and US-based Knollwood Investments. The transaction was also led by Dallah Investment, Hambro Perks Oryx Fund, …
UAE – Mubasher: Dubai International (DXB) has topped the 2023 list of top 10 busiest airports worldwide. The latest achievement marks DXB’s tenth year of leading the list, which is put by the Airports Council International (ACI), according to a …
UAE – Mubasher: The inaugural edition of the Global AI Show and the Global Blockchain Show is kicking off on 16 and 17 April 2024 at the Grand Hyatt, Dubai. Organised by VAP Group, the Global AI Show hosts international and regional thought …
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 …
