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08 August 12:27 PM
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Egypt’s Qardy secures funding round to expand in MENA

Cairo – Mubasher: Egypt-based fintech Qardy has raised a seven-figure pre-seed funding round in USD, led by White Field Ventures, Vastly Valuable Ventures, and other angel investors. Qardy is the first digital lending marketplace in Egypt and the …
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The Rig visitors to have premium transportation services upon THC’s partnership with PIF-owned OPDC
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Ooredoo’s net profits rise 4% in H1-24; assets down
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Global gold demand grows 4% YoY in Q2-24 – Report
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ADIB Securities launches ADIBS Global in US market
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HDI Global expands in Middle East through new regional office in Dubai
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Egypt’s Qardy secures funding round to expand in MENA Companies Investments
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The Rig visitors to have premium transportation services upon THC’s partnership with PIF-owned OPDC Global Economy
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Ooredoo’s net profits rise 4% in H1-24; assets down Financial Results
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Global gold demand grows 4% YoY in Q2-24 – Report Sector Reports
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ADIB Securities launches ADIBS Global in US market Global Economy
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HDI Global expands in Middle East through new regional office in Dubai Global Economy
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Educatly secures $2.5m funding round co-led by Egypt Venture Companies Investments
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NIP Group unveils largest entertainment IPO on NASDAQ Initial Public Offerings
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du, Nokia upgrade 5G uplink performance in MEA Companies Investments
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Saudi Arabia leads 1st round of GCC-Turkey free trade agreement talks Macroeconomics
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Mubasher Exclusive
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Act Financial seeks stakes in real estate, logistics companies – Managing Partner Initial Public Offerings
Assem El-Bassal, the CEO of Mubasher Media
Winning Arab Media Award crowns Mubasher.info’s years of hard work – El-Bassal Global Economy
Ahmed El-Shamsy, the Editor-in-Chief of Mubasher Media
El-Shamsy highlights efforts behind choosing Mubasher.info as Best Economic Platform Global Economy
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Riyadh Air’s Coste unveils plans until 2030, impact on Saudi employment ecosystem – Interview Global Economy
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Masdar to expand green hydrogen projects in Egypt’s SCZONE, Mediterranean coast Companies Investments
Mostafa Abdelaziz, Managing Partner at Act Financial
Act Financial plans EGX listing in Q2-24 after decade of continuous work – Abdelaziz Initial Public Offerings
Mohammed Al Ballaa, Chairman of Mubasher Financial Group
Highlights of Chairman Al Ballaa’s speech during AFCM 2024 Event
Mohammed Rashid Al Ballaa, Chairman of MubasherTrade Global
Mubasher aims at broadening investors base in Arab exchanges – Chairman Al Ballaa Companies Investments
Mohammed Rashid Al Ballaa, Chairman of MubasherTrade Global
Mubasher Global has the largest network, covers 3m investment tools – Chairman Al Ballaa Companies Investments
GTN expands commodities offering for digital investing in physical gold and silver
GTN expands commodities offering for digital investing in physical gold and silver Global Economy
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Islamic Finance
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GCC fixed income markets see $75.5bn issuances in H1-24 – Report Bonds
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ADCB achieves AED 5bn net profit before tax in H1-24 Sukuk and Islamic Finance
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Binghatti sukuk tap 420% oversubscribed on strong global demand Bonds
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UK’s fintech firm Offa launches Islamic BTL service for expats in region Companies Investments
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Islamic Development Bank finances solar, battery projects in Uzbekistan Banking and Finance
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Nasdaq Dubai unveils $2.3bn new Sukuk issuances by Indonesia Sukuk and Islamic Finance
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2P Prefect Presentation pens SAR 121m facility agreement with Riyad Bank Companies Investments
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ADIB provides AED 5.5bn sustainable finance in 2023 Banking and Finance
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Arada Developments lists $400m Sukuk on Nasdaq Dubai Real estate
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Saudi sukuk, debt market hits 18.3% of GDP in 2023 – Report Sector Reports
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Arab Markets
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Egyptian Resorts reports higher net losses in Q1-24 Financial Results
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Malath Insurance’s insurance revenues down 11%; accumulated losses unveiled Financial Results
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EMPC’s H1-24 consolidated profits hit EGP 473.5m; revenues up 15% Financial Results
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Najran Cement’s net profits fall to SAR 29m in H1-24 Financial Results
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Kingdom Holding records hike in H1-24 profits at SAR 821m Financial Results
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ADNOC Distribution’s H1-24 profits to owners exceed AED 1.1bn; dividends announced Financial Results
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CBE auctions EGP 55bn T-bills on Thursday Treasury Bills
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Petro Rabigh announces H1-24 financials; Aramco to become largest shareholder Financial Results
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EGX indices close higher on Wednesday Trading Activities
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Tadawul ends Wednesday’s trading session in green zone Trading Activities
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