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29 June 2025 06:40 AM Italy’s Pronur enters Saudi Arabia to boost energy sector
Riyadh – Mubasher: Italy-based Pronur has launched its business in Saudi Arabia to advance renewable energy solutions across the Kingdom, according to a press release Established in 2021, Pronur works with major local and global entities, …
Companies Investments
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26 June 2025 02:15 PM Deloitte Middle East, AWS unveil $1bn expansion plans to boost digital transformation
Mubasher: Deloitte Middle East and Amazon Web Services (AWS) rolled out plans to deliver $1 billion worth of services by 2030, accelerating digital transformation across the Middle East, according to a press release. Both parties will inject …
Companies Investments
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26 June 2025 00:08 PM AI-powered idea-L secures $1m oversubscribed pre-seed to expands business in Middle East
UAE – Mubasher: Dubai-based AI-powered platform for idea realization platform (IRP) idea-L, has closed an oversubscribed $1 million pre-seed round, according to a press release. Led by a wide syndicate of investment angels, the transaction …
Companies Investments
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26 June 2025 11:25 AM Tesla inaugurates 1st center in Saudi Arabia amid increasing demand for EVs
Riyadh-Mubasher: Tesla has opened its first center in Saudi Arabia to meet the Kingdom's growing demand for electric vehicles (EVs) and support its commitment to sustainable transportation. Located in Riyadh on Takhassousi Rd, the Tesla center …
Global Economy
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25 June 2025 03:56 PM Mashreq Bank inaugurates office in Turkey to expand global presence
Dubai – Mubasher: Mashreq Bank has opened its representative office in Turkey as a part of its commitment to supporting Turkish financial institutions and corporates. The UAE-based lender has an effective role in channeling risk capacity and …
Companies Investments
Rabih Farhat, CEO of Related
25 June 2025 06:56 AM Related secures $8m investment from Saudi Equivator to fuel MENA expansion
Mubasher: UAE-based loyalty and rewards company Related has secured an $8 million investment from Saudi premier alternative asset management firm Equivator, according to a press release. Related will use the new capital to support the launch of …
Companies Investments
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25 June 2025 06:44 AM Altery scales financial services in MENA via DFSA license
Mubasher: Altery MENA Limited, a subsidiary of UK-based fintech Altery Limited, secured a regulatory license from the Dubai Financial Services Authority (DFSA), according to a press release. This move supports Altery’s global strategy to establish …
Companies Investments
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25 June 2025 06:31 AM Aldar upgraded to ‘A’ rating in MSCI ESG Rating assessment
Abu Dhabi – Mubasher: Aldar Properties entered the top quartile of MSCI ESG Rating, ranking among global real estate companies after securing an upgrade to ‘A’ rating in the latest assessment, according to a press release. The rating aligns with …
Global Economy
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24 June 2025 04:05 PM Burjeel Holdings supports regional growth via AED 170m acquisition deal
Abu Dhabi - Mubasher: Burjeel Holding has acquired the Medeor 24x7 Hospital building in Dubai for AED 170 million, according to a press release. The acquisition aligns with the group’s long-term strategy to enhance operational control, reduce …
Global Economy
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24 June 2025 01:00 PM Jadwa acquires majority stake in Saudi retailer Makhazen Alenaya
Riyadh – Mubasher: Jadwa Investment has acquired a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund, according to a press release. The transaction marks Jadwa’s fourth investment …
Global Economy
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24 June 2025 00:37 PM Prices of investment funds including certificates in EGP
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP as of 23 June …
Mutual Funds
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23 June 2025 11:13 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
Mutual Funds
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23 June 2025 07:45 AM Saudia expands regional footprint via flights to El-Alamein, Salalah
Riyadh – Mubasher: Saudia officially launched flights from Jeddah to El-Alamein in Egypt and Salalah in Oman, according to a press release. The new El-Alamein route marks Saudia’s fourth destination in Egypt, with three weekly flights operating …
Global Economy
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23 June 2025 07:36 AM Paragon Developments launches office in Riyadh to expand regional footprint across MENA
Cairo – Mubasher: Paragon Developments, Egypt’s leading regenerative mixed-use developer, has inaugurated its first regional office in Saudi Arabia, according to a press release. Located in Riyadh, the development scheme aligns with the company’s …
Real estate
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22 June 2025 08:34 PM Burjeel Holdings’ Alkalma launches regional mental health platform
Abu Dhabi – Mubasher: Burjeel Holdings has launched four specialist mental health centers under its mental health and wellbeing platform, Alkalma, through the integration of Aspris Healthcare facilities. The centers are located in Dubai’s City …
Companies Investments
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22 June 2025 06:50 PM UK-based Axia Media expands global footprint via Dubai office
UAE – Mubasher: Axia Media Group, a UK-based provider of financial and business services, has inaugurated a new office in Dubai to enhance its presence in the Middle East. The launch aligns with the company’s strategy to support its growing client …
Companies Investments
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22 June 2025 00:02 PM Beltone Leasing secures $20m for MSMEs, green financing in MENA
Cairo - Mubasher: Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, obtained a total of $20 million in funding from two investment funds managed by Germany-based Finance in Motion GmbH. Each of the SANAD Fund for MSME …
Global Economy
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22 June 2025 11:04 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
Banking and Finance
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22 June 2025 07:50 AM FAB becomes MENA’s 1st lender to join CIPS as direct participant
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has become the first lender in the MENA region to join the cross-border Interbank Payment System (CIPS) as a direct participant (DP), according to a press release. FAB’s direct participation in …
Banking and Finance
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19 June 2025 04:32 PM Taaleem acquires GCC-focused KFG to expand network
Dubai – Mubasher: Taaleem Holdings has signed a sale and purchase agreement to acquire 95% shareholding in Kids First Group Limited (KFG), an early-learning premium education provider in the GCC. The acquisition is expected to boost Taaleem’s …
Mergers and Acquisitions
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19 June 2025 03:26 PM PIF launches ERC to support Expo 2030 Riyadh
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched Expo 2030 Riyadh Company (ERC) to build and operate the facilities of Saudi Arabia’s first World Expo, according to a press release. Spanning 6 million square meters, Expo 2030 …
Global Economy
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19 June 2025 09:53 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
Global Economy
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19 June 2025 06:53 AM Dubai International Chamber inaugurates 1st representative office in North America
UAE – Mubasher: Dubai International Chamber has officially launched a new representative office in Toronto, exploring avenues to foster bilateral trade and investments between Dubai and Canada. Being the first representative office in North …
Companies Investments
Mohy Aboualam, Co-Founder and CEO of TheDar.AI
18 June 2025 09:06 PM Darwinz AI drives regional growth via seed funding round
Riyadh - Mubasher: Darwinz AI (TheDar.AI), a Saudi-Egyptian company behind the AI Copilot platform dima, has raised $325,000 in a seed funding round, led by Flat6Labs KSA and Glint Ventures. Founded in Egypt in 2021 by Emad Elazhary and Mohy …
Global Economy
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18 June 2025 05:13 PM UAE’s Prop-AI raises $1.5m in pre-seed funding to expand in MENA
UAE – Mubahser: Dubai-headquartered proptech Prop-AI has closed a $1.50 million pre-seed funding round, led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain. Prop-AI will use …
Global Economy