Riyadh – Mubasher: Saudi Arabia has participated in the GCC-US Trade and Investment Dialogue and the SelectUSA Investment Summit in Washington. The events focused on enhancing trade and investment cooperation between GCC countries and the US, …
Mubasher: The asset management industry in the GCC has significantly improved due to positive regulatory reforms and government support, according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre (MARKAZ). Over the …
UAE– Mubasher: The Abu Dhabi Department of Economic Development (ADDED) and United Arab Emirates University (UAEU) penned a deal to launch the Abu Dhabi Family Business Index, the first of its kind in the region. Under the memorandum of …
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has sealed the acquisition of 32.60% strategic equity in DME Holdings Limited, a leading international commodities exchange, according to a press release on 26 June 2024. Following the equity …
Cairo – Mubasher: Egypt-based fintech company Connect Money has closed an $8 million seed funding round led by Disruptech Ventures and Algebra Ventures. The new funding will support Connect Money's plans to introduce five new business verticals in …
Dubai – Mubasher: Mashreq Bank has extended its partnership with Oracle Financial Services to back its growth plans worldwide, according to a press release. The lender will replace its core systems with Oracle solutions to streamline and enhance …
UAE – Mubasher: Abu Dhabi-based Smpl Holdings has established a $10 million venture capital fund under the name Smpl Fund I. The new fund will invest in technology and AI companies in the Middle East, North Africa, and beyond, according to a press …
Riyadh – Mubasher: Xpence has entered into a five-year partnership for growth agreement with Visa to expand business in Saudi Arabia, according to a press release. Since the initial engagement under the Visa Fintech Fast Track programme in 2019, …
UAE – Mubasher: HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release. WorldTrader will enable HSBC Wealth and Personal Banking …
UAE-Mubasher: Lunate Capital has launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8 July. The fund will track the performance of the J.P. …
Riyadh – Mubasher: Mastercard penned a strategic deal with urpay, a digital wallet powered by neolaep, to provide the latter’s consumers across Saudi Arabia with access to a wide range of cross-border payment solutions. The agreement aligns with …
Mubasher: Digital payments firm Euronet is partnering with open banking leader Fintech Galaxy to provide banking-as-a-service across the Middle East and Africa (MEA) Their new platform offers account-based payment processing capabilities and other …
Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) has changed its name to QNB, aligning its local brand with the parent group as it eyes opportunities in the Egyptian market. The name change reflects QNB's strength and competitive …
Cairo – Mubasher: Egypt’s Organi Group has signed an agreement to expand its strategic partnership with Qatari Diar, a wholly owned subsidiary of the sovereign-backed Qatar Investment Authority. The partnership includes the CityGate project in New …
Mubasher: National Mobile Telecommunications Company (Ooredoo) teamed up with NVIDIA Cloud Partner (NCP) to become a leading digital infrastructure provider in the MENA region. Ooredoo will leverage NVIDIA’s accelerated computing platform to help …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …
Mubasher: Orange Energies has announced opening its digital energy platform to all firms on Africa to boost access. The Orange Smart Energies software facilitates prepaid solar and meter payments via mobile money, reducing non-payment risk for …
Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …
Abu Dhabi – Mubasher: Bayanat AI has formed a strategic partnership with Oxa, an Oxford-headquartered pioneer in autonomous vehicle (AV) technology, to advance the development and deployment of autonomous vehicle solutions in the UAE and beyond. …
UAE – Mubasher: Electric vehicles (EV) manufacturer VinFast Trading and Production Joint Stock Company is establishing its regional headquarters (HQ) in the UAE with the support of Dubai International Chamber, according to a press release. The new …
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
UAE – Mubasher: US-based technology-focused private equity firm Haveli Investments is inaugurating its first office outside of North America to boost its operations in the region, according to a press release. The facility will be located in Abu …
Mubasher: The 2024 World Competitiveness Report included six countries from the Arab region which all showed progress in this year’s ranking, according to the International Institute for Management Development (IMD) data. The UAE led the Arab …
Mubasher: The total number of deals registered in the global travel and tourism sector decreased by 10.90% to 286 during the first five months (5M) of 2024 when compared with 321 in January-May 2023, according to GlobalData Deals Database. The …
