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22 January 2025 11:52 AM Reynaers Middle East showcases sustainable aluminium solutions at BAU 2025
Mubasher: Sustainable aluminium solutions provider Reynaers Middle East has concluded its participation in BAU 2025, an event held every two years, according to a press release. BAU is a trade fair for architecture, materials, and systems, with …
Global Economy
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21 January 2025 08:07 PM Top M&A financial, legal advisers in Middle East, Africa unveiled for 2024 – GlobalData
Mubasher: GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the Middle East and African region during 2024. BMO …
Sector Reports
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21 January 2025 07:53 PM IEA expects global oil demand growth to accelerate in 2025; OPEC remains more upbeat on outlook
Mubasher: The International Energy Agency (IEA) and OPEC have released their January oil market reports, outlining their views on oil demand for 2025, according to a detailed Emirates NBD Research paper. The IEA expects global oil demand growth to …
Macroeconomics
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21 January 2025 05:28 PM UAE’s VAT law for precious metals likely to allow streamlining, cement country position as global trading hub
UAE – Mubasher: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT. Meanwhile, the responsibility of …
Global Economy
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21 January 2025 03:18 PM Aldar initiates region’s 1st sustainability incentive programme
Abu Dhabi – Mubasher: Aldar Properties has launched a sustainability incentive programme to be the first of its kind in the region aimed at rewarding suppliers with green bonuses that include financial and non-financial benefits, according to a …
Companies Investments
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21 January 2025 01:19 PM MENA real estate activity likely to witness increase in 2025 – Savills
Mubasher: Real estate investment activity is expected to improve significantly in 2025, with a strong recovery in capital values also anticipated, according to a recent Savills report. Researchers expect that the MENA region, including key markets …
Global Economy
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21 January 2025 00:28 PM Deloitte Middle East unveils first-of-kind programme for green economy
Mubasher: Deloitte Middle East has recently collaborated with the Institute of Environmental Management and Assessment (IEMA) to launch the Green Skills for a Green Economy program, according to a press release. It is the first of its kind …
Global Economy
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20 January 2025 07:42 PM Middle East-based AJEX teams up with Chapman Freeborn to boost Saudi aviation services
Riyadh – Mubasher: AJEX Logistics Services, a Middle East-based specialist in express distribution and shipping solutions, signed a strategic collaboration agreement with leading global aircraft charter and aviation support company Chapman …
Global Economy
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20 January 2025 06:40 PM Nutanix initiates MC Experts to create platform serving Middle East, Europe, Africa
Mubasher: Hybrid multi-cloud computing company Nutanix recently launched Multicloud Experts community (MC Experts) in Europe, the Middle East, and Africa (EMEA) as part of an initiative to establish a platform for leading cloud experts to pool …
Companies Investments
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20 January 2025 05:31 PM Elm partakes as strategic partner in Hajj Conference 2025, has potential for regional growth
Riyadh – Mubasher: Elm Company has participated as the strategic partner of the Hajj Conference and Exhibition 2025, which took place in Jeddah on 13-16 January 2025, according to a press release. The event aims to bolster communications and …
Global Economy
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20 January 2025 03:32 PM Al Ansari Financial Services unveils strategic partnership with Abhi Middle East
Dubai – Mubasher: Al Ansari Financial Services recently announced its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), according to a press …
Companies Investments
10th Meeting of Arab Finance Ministries' Deputies
20 January 2025 01:47 PM Deputy finance ministers from Arab world discuss fiscal policies, digital transformation
UAE – Mubasher: Arab deputy finance ministers have assembled in Abu Dhabi to discuss financial policies and digital transformation in public finance, as part of the 10th Meeting of Arab Finance Ministries' Deputies. The Arab officials are also …
Global Economy
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20 January 2025 09:28 AM Relata regional growth plans with strategic expansion into Dubai
UAE – Mubasher: India-based Relata has expanded its operations into Dubai through a joint venture (JV) between Cognilements International and visionary leader Neeraj Srivastava. Neeraj Srivastava was appointed as Chairman of Relata GCC region and …
Companies Investments
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19 January 2025 03:37 PM CIRA’s majority shareholder acquires 37.5% additional equity, backs regional expansion
Cairo – Mubasher: Social Impact Capital, the majority shareholder of 51.20% in Cairo for Investment and Real Estate Development (CIRA Education), is in the process of acquiring an additional 37.50% stake in CIRA through a mandatory takeover offer …
Mergers and Acquisitions
Fazle Moyeen Quazi, MESIA President,
19 January 2025 01:41 PM UAE leads MENA’s solar energy projects - MESIA
UAE – Mubasher: The UAE led the regional solar energy sector, the Middle East Solar Industry Association (MESIA) highlighted in the "Solar Outlook Report 2025" report. This was backed by the country’s green initiatives, such as the Dubai Clean …
Event
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19 January 2025 01:16 PM New Honeywell centre cements Saudi Arabia’s position in global cybersecurity market
Riyadh – Mubasher: Honeywell recently launched a new centre in Saudi Arabia’s Jubail to provide localised cybersecurity services for critical industrial sectors in the Kingdom, according to a press release. Honeywell Himaya Center, which was …
Global Economy
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19 January 2025 08:41 AM GCC markets record $13.2bn in IPOs during 2024 – Markaz
Mubasher: The GCC region raised $13.20 billion in proceeds from 53 initial public offerings (IPOs) in 2024, according to the Kuwait Financial Centre (Markaz). This marks a 23% increase compared to 2023, when issuers raised $10.70 billion through …
Global Economy
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16 January 2025 04:32 PM Emirates makes Middle East debut via new aircraft
UAE – Mubasher: Emirates, one of the UAE’s two flag carriers, introduced the new Emirates A350 aircraft for the first time in the Middle East after landing in Kuwait on 8 January 2025. Kuwait also marked the second Emirates destination globally to …
Companies Investments
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16 January 2025 03:40 PM Masdar enters Philippines market, expands production capacity
Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar) inked agreements with the government of the Philippines to develop 1 gigawatt (GW) of clean energy projects. The deals, which mark Masdar’s entry into the Philippines market, aim to …
Global Economy
Nasir Al Naimi, Aramco Upstream President
15 January 2025 03:45 PM Aramco, Ma’aden announce transition minerals JV at FMF 2025
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Saudi Arabian Mining Company (Ma’aden) signed non-binding heads of terms to form a minerals exploration and mining joint venture (JV) in Saudi Arabia. The proposed JV plans were announced …
Global Economy
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15 January 2025 01:17 PM Egypt plans to bolster mining activities, project – Badawi at FMF 2025
Cairo – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi participated in the fourth edition of the Future Minerals Forum (FMF), according to an official statement. Held under the theme “Towards a Global General Agreement …
Companies Investments
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15 January 2025 09:20 AM ASK Private Wealth expands global footprint via new DIFC office
UAE - Mubasher: ASK Private Wealth, the Wealth Management arm of Blackstone-backed ASK Asset and Wealth Management Group, has launched its operations in Dubai International Financial Centre (DIFC). The new office is expected to enable NRIs and …
Global Economy
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15 January 2025 06:47 AM Saudi Arabia inks MoUs with 6 countries at Future Minerals Forum
Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources penned several memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth ministerial roundtable of the Future Minerals Forum (FMF). The …
Global Economy
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14 January 2025 05:37 PM MENA-focused Sigma Capital launches $100m fund to boost global Web3 ecosystem
Mubasher: Sigma Capital, a leading Web3 early-stage venture asset manager, has launched $100 million Sigma Capital Fund I to accelerate the next wave of Web3 innovation in the Middle East and globally. The launch aligns with the UAE’s vital role …
Global Economy
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14 January 2025 04:02 PM Investindustrial launches office in Abu Dhabi to foster regional growth
UAE – Mubasher: Investindustrial, a leading European investment group with over €15 billion in raised fund capital, has inaugurated its Abu Dhabi office, to expand its regional business and back sustainable growth. Investindustrial has received …
Companies Investments