Mubasher: The National Mobile Telecommunications Company (Ooredoo) registered QAR 1.87 billion in net profit attributable to the owners during the first half (H1) of 2024. The recorded net profits were higher by 4% year-on-year (YoY) than QAR 1.79 …
Mubasher: Global demand for gold rose by 4% year-on-year (YoY) to 1,258 tonnes in the second quarter (Q2) of 2024, according to a report by the World Gold Council (WGC). The growth in demand was driven by a 53% YoY surge in over-the-counter (OTC) …
Abu Dhabi – Mubasher: ADIB Securities, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB), allowed trading in the US market as the first UAE Sharia-compliant broker. The newly updated trading platform, ADIBS Global, provides investors with …
UAE – Mubasher: HDI Global SE has received a regulatory licence from the Dubai Financial Services Authority (DFSA) to open an office in the Dubai International Financial Centre (DIFC), marking a significant step in their international expansion. …
Mubasher: Educatly has secured a new funding round of $2.50 million led by TLcom Capital and Plus VC, according to a press. The fundraising transaction, which Egypt Venture and the HBAN syndicate also led, anchors Educatly’s presence in the MEA …
Mubasher: NIP Group Incorporation, a leading esports organisation, has priced its initial public offering (IPO) of 2.25 million American depositary shares (ADSs) at $9.00 per ADS, according to a press release. The total offering size stood at …
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has achieved a significant milestone in advancing 5G technology in the Middle East and Africa (MEA) in partnership with Nokia and MediaTek. A recent trial boosted uplink (UL) …
Riyadh – Mubasher: Saudi Arabia is leading a nine-member government delegation in the first round of negotiations for a free trade agreement (FTA) between the Gulf Cooperation Council (GCC) and Turkey. The negotiations, set to take place from 29 …
Cairo – Mubasher: The Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, has signed two agreements with international companies for natural gas exploration and production, with total investments of $342 million. The first …
UAE – Mubasher: Fintech Mamo has raised a $3.40 million funding round, provided by existing investor 4DX Ventures and the Dubai Future District Fund, along with Cyfr Capital. The startup will use the funding to help SMEs businesses consolidate …
Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources has initiated its most extensive mineralised belts to date that cover an expansive 4,788 square kilometres over five exploration licences, according to a press release. The …
Cairo – Mubasher: Egypt has launched a new tender to import five shipments of liquefied gas next August and September, as part of its efforts to end the electricity outage crisis in the Arab Republic. A government official, who spoke to Asharq …
Riyadh – Mubasher: Middle East LPG Expo - Saudi Arabia 2024 is set to take place during 10-11 September 2024, according to a press release. LPG Expo, a leading exhibition and conference organiser in the liquefied petroleum gas (LPG) industry, …
Riyadh – Mubasher: Flynas has launched direct flights from its main base in Madinah to Bahrain and Doha as of September 10, according to a press release. Bahrain and Doha join the network of global destinations operated by flynas from Medina, …
Riyadh – Mubasher: OTO, MENA’s leading shipping gateway and logistics platform, secures SAR 30 million ($8 million) in a Series A funding round led by Sanabil Investments, a wholly-owned company by the Saudi Public Investment Fund (PIF). The …
UAE – Mubasher: Abu Dhabi Global Market (ADGM) will implement major reductions of 50% or more for obtaining non-financial and retail licences within its jurisdiction as of 1 January 2025, according to a press release. This initiative comes in line …
Mubasher: Primary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) countries surged to $75.50 billion in the first half (H1) of 2024, marking a 38% year-on-year (YoY) increase from $54.80 billion. Saudi Arabia led the GCC …
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed the issuance of its five-year Euro Medium-Term Note (EMTN) bond under its Social Finance Framework. The lender offered a $600 million issue, which was oversubscribed …
UAE – Mubasher: MENA’s leading digital content provider Majarra has acquired Lableb, AI-based search engine that deals with the nature of Arabic content online. This strategic transaction anchors Majarra's position at the forefront of Arabic …
Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …
Mubasher: “Mubasher Info”, the Middle East and North Africa’s most preferred Arabic-language news agency for equity market news, data, analysis, and investor tools, with expertise spanning over twenty years, today announced the official launch of …
Cairo – Mubasher: The International Monetary Fund (IMF) has cut its expectations for Egypt’s real GDP growth for 2024 and 2025 by 0.3% for each year. The IMF reduced its expectations for the country’s growth in 2024 and 2025 to 2.70% and 4.10%, …
Mubasher: Global real estate firm CBRE Middle East has appointed Michael Young as its new Managing Director for the MENA region as of 1 July 2024. With over two decades of experience across Asia Pacific, the UK, and MENA, Young brings proven …
UAE – Mubasher: I Squared Capital, a leading independent global infrastructure investment manager, has raised more than $600 million from Mubadala Investment Company, Qatar Investment Authority (QIA), and other investors for Transportation …
Cairo – Mubasher: Liquid C2, a subsidiary of African technology group Liquid Intelligent Technologies, has announced the expansion of its Cloudmania business into Egypt's channel partner ecosystem. The launch in Egypt demonstrates Cloudmania's …
