Riyadh – Mubasher: Saudi Arabia-based AI-powered networking platform Halo AI closed a $6 million Seed funding round led by Raed Ventures and Shorooq, along with other investors, according to a press release. The investment will fuel Halo AI's …
Dubai – Mubasher: Drake & Scull International (DSI) has entered into a strategic memorandum of understanding (MoU) with El Amar Group to collaborate on key initiatives across Egypt and Saudi Arabia. This partnership aims to leverage the strengths …
Riyadh – Mubasher: The Public Investment Fund (PIF) has acquired a 23.08% stake in Saudi Reinsurance Company (Saudi Re) by way of a capital increase and subscription to new shares, according to a press release. PIF’s capital investment aims to …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) signed 145 agreements and memoranda of understanding (MoUs) valued at around $9 billion, according to a press release. This came on the sidelines of the In-Kingdom Total Value Add (iktva) Forum …
Abu Dhabi – Mubasher: Aldar Properties has closed an AED 9 billion ($2.45 billion) sustainability-linked syndicated senior unsecured committed multi-tranche revolving credit facility (RCF). The facility marks the largest sustainability-linked, …
Mubasher: National Mobile Telecommunications Company (Ooredoo) has appointed Sheikh Nasser bin Hamad Al Thani as Chairman of Ooredoo Kuwait, according to a bourse disclosure. Al Thani was recently announced as the Group Regional CEO for the Middle …
UAE – Mubasher: Dubai South has partnered with DB Schenker to inaugurate a Parts Distribution Center (PDC) for Ford, according to a press release. The 42,000-square-metre facility, which leverages advanced Material Handling Equipment (MHE), …
Cairo - Mubasher: MAFI Agricultural Produce Industries secured long-term joint financing of $108 million from an alliance led by Banque Misr, Suez Canal Bank and Al Baraka Bank-Egypt. MAFI also obtained $72 million through equity investments from …
Mubasher: Cross-listed GFH Financial Group has made an investment in Invenergy, the largest privately-held developer, owner, and operator of clean energy solutions, with headquarters (HQ) in the US. The transaction was carried out through …
Riyadh – Mubasher: LG Electronics has launched its first brand shop in Saudi Arabia, expanding its retail presence in the Kingdom, according to a press release. Located in Khobar, this flagship store aligns with the company’s commitment to …
Riyadh – Mubasher: ADES Holding Company has expanded its global footprint after launching its oil and gas business in the eleventh country, according to a press release. The company’s offshore jackup rig Admarine 504 has been awarded a drilling …
Abu Dhabi—Mubasher: ADNOC Gas and its subsidiaries awarded three contracts for an LNG pre-conditioning plant (LPP) with a combined value of $2.10 billion. The awards cover the compression facilities and transmission pipelines to supply feedstock …
Riyadh – Mubasher: HyperPay, the Saudi payments services provider in the MENA region, obtained a license from the Saudi Central Bank (SAMA) to boost the diversification and development of the financial sector in Saudi Arabia. In line with its …
UAE – Mubasher: Skadden has opened an office in Abu Dhabi Global Market (ADGM), the financial centre in the UAE’s capital, marking its first office in the Middle East. The office will be led by corporate transactional attorney Michael Hilton, who …
Mubasher: A report by Emirates NBD Research summarized the Purchasing Managers’ Index (PMI) data for the top MENA countries, with the S&P Global PMI survey for the UAE ending 2024 on a high note as it picked up to 55.4. The UAE’s December PMI was …
Riyadh – Mubasher: The Arab Energy Fund (TAEF), formerly known as APICORP, has successfully led a consortium to acquire a 100% stake in Metito Utilities and provide further growth capital to the global investor, developer and operator of …
Abu Dhabi – Mubasher: Aldar Properties has priced its inaugural $1 billion hybrid capital issuance, attracting robust demand from a wide range of regional and international investors, according to a press release. The issuance by Aldar at a public …
UAE – Mubasher: The Projects, Engineering, and Services Division (PESD) of Al Masaood Group has entered into an exclusive agency agreement with Deep International, a renowned provider of gas compression and processing solutions. Upon the …
Abu Dhabi – Mubasher: Commercial Bank International (CBI) has injected an investment in carbon project developer Boomitra to advance regenerative agriculture initiatives across the Middle East, Africa, and Asia. The investment aims to utilise …
Riyadh – Mubasher: flyadeal launched five routes from its operating bases of Dammam, Riyadh and Jeddah in 2025, according to a press release. This aligns with the company’s expansion plans that include entry to Pakistan in February as well as …
UAE – Mubasher: Mintiply Capital, a leading advisory and investment banking firm in the UAE, teamed up with US-based Fuel Venture Capital to support the region’s entrepreneurial ecosystem. The exclusive partnership aligns with the UAE’s vision to …
UAE– Mubasher: Apaya, a commerce automation platform, entered into a strategic partnership with MENA’s online payment gateway Telr to accelerate digital commerce growth in the region. The collaboration will allow merchants to instantly access …
Riyadh – Mubasher: Private water desalination company ACWA Power together with consortium partner HAU Energy, a subsidiary of Hassan Allam Utilities, have achieved the financial close for the 1.1-gigawatt GW Suez Wind Farm in Egypt. The renewables …
Cairo – Mubasher: Egyptian state-owned Banque Misr intends to broaden its presence in the Middle East and Africa over the coming period, according to an official statement. The expansion plan will be implemented by establishing different …
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has acquired an 80% stake in Navig8 TopCo Holdings for $1.04 billion (AED 3.80 billion), according to a press release. The UAE-based group has committed to own the remaining 20% in …
