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16 June 2025 11:43 AM ProMedEx inks joint deal with Zhende Medical to expand in GCC
Riyadh - Mubasher: Professional Medical Expertise Company (ProMedEx) signed a non-binding memorandum of understanding (MoU) with Zhende Medical Company Limited and MedSurg FZ-LLC to establish a joint factory in Saudi Arabia. The joint venture (JV) …
Global Economy
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15 June 2025 00:03 PM AfDB supports Africa’s largest solar energy project via $184m funding
Cairo – Mubasher: The African Development Bank Group (AfDB) has approved a financing package of up to $184.10 million for Africa’s largest solar energy and battery storage project, according to a press release. The funding will be used to support …
Global Economy
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15 June 2025 09:17 AM AD Ports, Bahrain’s ASRY join forces to support maritime sector in GCC
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY)for strategic maritime and ports projects. The two parties seek to set up a joint venture …
Companies Investments
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15 June 2025 06:47 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 …
Central Banks
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15 June 2025 05:42 AM G42 expands global footprint via G42 Europe & UK subsidiary in London
UAE – Mubahser: Emirati AI and advanced technology group G42 has a subsidiary in London, G42 Europe & UK, to focus on delivering tailored AI solutions to Europe and the UK's private sector, according to Emirates News Agency (WAM). Co-chaired by …
Global Economy
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15 June 2025 05:05 AM Kumulus Water expands off-grid water tech in Europe, MENA via $3.5m funding
Mubasher: Paris-based climate-tech startup Kumulus Water has raised $3.50 million in a seed round to scale its off-grid water production technology in Europe and the MENA region. The funding transaction was led by Bpifrance via France 2030 SGPI …
Companies Investments
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15 June 2025 04:47 AM IHC launches ADGM-based RIQ to redefine global reinsurance landscape
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in Abu Dhabi Global Market (ADGM). The new brand supports the objectives of IHC, …
Companies Investments
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12 June 2025 07:06 PM Saudia launches direct flights between Riyadh, Vienna to boost global connectivity
Riyadh – Mubasher: Saudia has inaugurated its first direct and scheduled flights from Riyadh to Vienna, the capital of Austria, according to a press release. Launched in collaboration with the Air Connectivity Program (ACP), the strategic route …
Global Economy
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12 June 2025 04:37 AM DHL Group fuels regional expansion plans via EUR 500m investments
Mubasher: DHL Group, the world's leading logistics provider, plans to invest more than EUR 500 million in the Middle East, mainly focusing on Saudi Arabia and the UAE, according to a press release. The group aims to inject the investment between …
Companies Investments
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3 March 2025 00:06 PM Businesses operating in Bahrain benefit from cost advantages in logistics, manufacturing
Mubasher: Businesses operating in Bahrain benefit from annual operating cost advantages of up to 69% in logistics and up to 41% in manufacturing compared to neighbouring GCC countries, according to the ‘Cost of Doing Business in the GCC’, …
Sector Reports
Founders of Qanooni
12 June 2025 03:44 AM Dubai-based regtech Qanooni closes $2m funding round to drive regional expansion
UAE – Mubasher: Dubai-based legal technology startup Qanooni has raised $2 million in a pre-seed round led by Village Global, Oryx Fund by Salica Investments, TA Ventures, and strategic angels. The startup will utilize the capital to accelerate …
Global Economy
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2 March 2025 00:37 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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 …
Companies Investments
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11 June 2025 08:41 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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10 June 2025 00:58 PM Nettlestone Capital Advisors expands regional footprint via DIFC office
UAE – Mubasher: Nettlestone Capital Advisors, a senior-led advisory and capital raising firm, officially launched its business in the Dubai International Financial Centre (DIFC), according to a press release. The group offers a combination of …
Global Economy
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10 June 2025 08:56 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 …
Companies Investments
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9 June 2025 01:38 PM Wipro launches new regional office in Riyadh
Riyadh – Mubasher: Wipro Limited has relocated its Middle East regional headquarters from Al Khobar to Riyadh, according to a press release. The new office supports Wipro’s growing presence in the region, which includes offices in Riyadh, Al …
Global Economy
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9 June 2025 11:18 AM Aldar to launch region’s 1st King’s College School Wimbledon in Abu Dhabi
Abu Dhabi – Mubasher: Aldar Properties joined forces with King’s College School Wimbledon to establish its first regional campus on Abu Dhabi’s Fahid Island, according to a press release. After securing regulatory approvals, the new K-12 …
Companies Investments
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9 June 2025 09:51 AM GCC-focused Meedaf launches JV to transform financial landscape in UAE
Mubasher: ADGM-licensed Meedaf unveiled a strategic joint venture (JV) with Brink’s, a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Launched in April 2025 to serve financial …
Global Economy
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27 February 2025 00:57 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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 …
Companies Investments
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8 June 2025 10:20 AM Gulf of America’s oil production to maintain stability in 2026 – EIA
Mubasher: Crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, according to the U.S. Energy Information Administration (EIA). This is compared to …
Global Economy
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8 June 2025 09:08 AM ADFD pumps AED 216.5bn financing in 2024 to support sustainable development worldwide
UAE – Mubasher: Abu Dhabi Fund for Development (ADFD) injected development financing totaling AED 216.50 billion by the end of 2024, benefitting 107 countries across various continents. This total comprises AED 157 billion in concessional loans, …
Macroeconomics
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8 June 2025 08:13 AM Jazeera Airways launches 1st direct flight to Budapest
Mubasher: Jazeera Airways launches twice-weekly flights between Kuwait and Budapest, Hungary, marking the first-ever non-stop air connection between the two countries. This move marks key opportunities for tourism, business, and cultural exchange, …
Global Economy
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8 June 2025 07:58 AM Multiply Group supports global expansion plans via MMG
Abu Dhabi – Mubasher: Multiply Group has launched Multiply Media Group (MMG) to fuel its global expansion plans, according to a recent press release. The ADX-listed group united the three market-leading out-of-home (OOH) companies under its …
Companies Investments
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8 June 2025 07:22 AM DP World, Mawani inaugurate SAR 3bn terminal to boost global trade connectivity
Mubasher: DP World and Saudi Ports Authority (Mawani) launched the South Container Terminal at Jeddah Islamic Port, supporting DP World’s SAR 3 billion ($800 million) expansion and development plans. The program aims to upgrade the terminal and …
Global Economy
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5 June 2025 00:13 PM Transamerica Life Bermuda launches in DIFC to boost global expansion
UAE - Mubasher: Transamerica Life Bermuda, the global high-net-worth (HNW) life insurer, is set to launch business in Dubai International Financial Centre (DIFC), according to a press release. The Dubai Financial Services Authority (DFSA) has …
Global Economy