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02 October 03:56 AM

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1 October 09:44 AM HSBC Saudi Arabia unveils office relocation to drive regional growth
Riyadh – Mubasher: HSBC Saudi Arabia announced plans to launch a new office in the heart of Riyadh’s King Abdullah Financial District (KAFD), according to a press release. The investment bank has signed a long-term lease agreement with the King …
Banking and Finance
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1 October 07:05 AM aiBANK rebrands as Bank NXT to bolster digital innovation
Cairo – Mubasher: aiBANK announced a new brand name and identity as Bank NXT to reinforce its position in Egypt’s commercial banking sector, according to a press release. The rebranding aims to meet the evolving needs of its diverse clientele amid …
Banking and Finance
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29 September 03:21 PM GM Egypt hits millionth milestone amid regional export hub aspiration; total investments cross $530m
Cairo – Mubasher: General Motors (GM) Egypt unveiled that the number of locally produced vehicles has reached one million at the 6th of October Plant in the Arab republic through the organisation’s 40-year legacy, according to a press release. …
Global Economy
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29 September 03:18 PM The Africa Debate to make debut in UAE next month after 10 iterations in UK
UAE – Mubasher: Invest Africa is taking The Africa Debate event to Dubai on 31 October 2024 to stimulate the growth of trade and investment exchanges with African countries, following 10 successful editions in London. The UAE edition is organised …
Global Economy
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30 September 07:05 AM MENA-focused Valu anchors e-commerce payments in Egypt via new partnership
Cairo – Mubasher: MENA’s leading fintech platform Valu partnered with ShipBlu and PayTabs Egypt to transform payment methods for e-commerce deliveries in the Arab Republic. The collaboration enables Valu customers to use their limit to pay for …
Global Economy
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29 September 12:21 PM Global surfaces, JAFZA launch Middle East’s largest engineered surfaces manufacturing facility
UAE – Mubasher: Jebel Ali Free Zone Authority (Jafza) and Global Surfaces FZE, a leading manufacturer of engineered quartz surfaces, announced the largest engineered surfaces manufacturing facility in the Middle East. Being the first of its kind …
Companies Investments
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29 September 06:53 AM Saudi Mila fuels GCC expansion plans via funding round
Riyadh – Mubasher: Saudi Arabia-based event planning platform Mila Celebrations has raised SAR 850,000 ($227,000) in a pre-seed round from angel investors, according to a press release. Mila plans to use the funding to expand into the broader GCC …
Companies Investments
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24 September 10:37 AM Mubasher partakes in Seamless Saudi Arabia 2024 as Media Partner
Riyadh – Mubasher: The leading financial platform Mubasher Media, one of the pioneers in the MENA region, is joining Seamless Saudi Arabia this year as its Media Partner. Mubasher Media will offer live coverage of the event which is being held …
Event
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26 September 06:00 AM Investec bolsters regional footprint with new office in Dubai
UAE – Mubasher: Investec opened its office in Dubai International Financial Centre (DIFC), expanding its footprints in the Gulf region, according to a press release. The DIFC office connects clients, family offices, and financial institutions in …
Global Economy
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25 September 08:56 AM Ooredoo unveils major financing to boost AI business in MENA
Mubasher: National Mobile Telecommunications Company (Ooredoo) secured a QAR 2 billion financing deal to accelerate the growth of its data centre and AI business in the MENA region. The 10-year financing agreement was signed with QNB, Doha Bank, …
Companies Investments
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25 September 07:07 AM United Accountants drives expansion plans in MENA
Mubasher: United Accountants plans to expand its portfolio in the MENA region, adding financial technology, strategic consulting, mergers and acquisitions, and digital transformation. Haytham Torkey, the Managing Partner at the firm, underlined …
Companies Investments
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24 September 01:12 PM Mashreq sells $385m stake NEOPAY to consortium
Dubai – Mubasher: A consortium including Arcapita Group Holdings Limited and Dgpays agreed to acquire a majority stake in NEOPAY, the UAE’s fast-growing payment solutions provider. Under the joint deal, Mashreq Bank will retain a significant …
Mergers and Acquisitions
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24 September 10:16 AM Rheem Middle East launches office in Saudi Arabia
Riyadh – Mubasher: Rheem Middle East has inaugurated its new regional headquarters (RHQ) in Saudi Arabia, according to a press release. Riyadh’s office aligns with Rheem's commitment to investing in one of its key markets and further accelerating …
Companies Investments
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24 September 06:59 AM MEA’s kraft paper, packaging sectors expected to hit $10.6bn by 2025
UAE – Mubasher: Paperworld Middle East launched a new kraft and packaging section, as research from Mordor Intelligence estimates the MEA market will reach $10.60 billion by 2025. Paperworld Middle East is set to hold its 13th edition during 12-14 …
Companies Investments
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23 September 10:27 AM e-finance launches 1st Africa-focused e-Commerce platform
Cairo - Mubasher: eAswaaq, a subsidiary of e-finance for Digital and Financial Investments, and Post for Investment, a unit of Egypt Post, launched the ECOM Africa company, according to a press release. The joint venture (JV) will develop and …
Global Economy
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22 September 07:00 AM Beko launches new hub in Egypt to expand MENA footprint
Cairo – Mubasher: Beko, a global leader in home appliances, has inaugurated its first industrial park in Egypt with an investment of $110 million. The new facility boosts Beko's global expansion strategy to drive innovation, sustainability, and …
Global Economy
Zaid Aloul, Chief Commercial Officer of GTN Middle East
18 September 09:37 AM Zaid Aloul promoted to Chief Commercial Officer of GTN Middle East
UAE - Mubasher: GTN, a global fintech redefining trading and investing for all, is pleased to announce the promotion of Zaid Aloul to Chief Commercial Officer (CCO) for the Middle East. In this new role, Zaid also joins the GTN Middle East …
Corporate Actions
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17 September 02:43 PM Crypto exchange Bybit obtains VARA provisional approval; building on its int’l HQ in Dubai
Mubasher: Bybit, the second-largest cryptocurrency exchange by trading volume on the global level, was granted a provisional (non-operational) approval from the Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Service …
Global Economy
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17 September 01:20 PM Global startups event Expand North Star to launch in October to cement Dubai's position
UAE – Mubasher: Expand North Star will launch at Dubai Harbour as the world's largest event for global startups and investors over three days from 13 to 16 October 2024, according to a press release. The event is organised by Dubai World Trade …
Event
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17 September 12:00 PM GFH extends strategic partnership with FII Institute ahead of FII8 event in Saudi Arabia
Mubasher: Cross-listed GFH Financial Group has renewed its groundbreaking strategic partnership with FII Institute, a global non-profit foundation in Saudi Arabia, for three years to foster global innovation and sustainable development. Extending …
Event
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17 September 10:27 AM Aviation Future Week to make debut in UAE mid-October
UAE – Mubasher: The first Aviation Future Week is scheduled to take place in Dubai from 15-17 October 2024, hosted by the UAE flag carrier Emirates and the Museum of the Future. The three-day event in Dubai will bring together UAE ministers, …
Event
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19 September 01:30 PM Egypt’s edtech Farid drives regional expansion plans via funding round
Cairo – Mubasher: Farid, an emerging Egyptian EdTech Startup, has secured $250,000 in a pre-seed funding round from Saudi businesswoman Amal bint Abdulaziz Al Ajlan. This funding aligns with the company’s strategic partnerships with schools across …
Global Economy
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19 September 11:12 AM Mesh, CoinMENA FZE to boost Crypto transactions in MENA
UAE – Mubasher: Mesh entered into a strategic partnership with CoinMENA FZE, a leading digital assets trading platform in the Middle East, according to a press release.   This collaboration will improve digital asset transfer services by allowing …
Companies Investments
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19 September 10:11 AM Apex Group anchors Phoenix Venture Partners’ MENA expansion plans
UAE – Mubasher: Apex Group Limited obtained a licence from the Abu Dhabi Global Market (ADGM) fund manager for Phoenix Venture Partners, according to a press release. Phoenix Venture Partners Limited (PVP) came together as a Technology Venture …
Companies Investments
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19 September 08:31 AM PIF-backed eWTP Arabia Capital anchors MENA’s business via new rebrand
Riyadh – Mubasher: eWTP Arabia Capital, backed by the Saudi Public Investment Fund (PIF), has rebranded as ewpartners, according to a press release. eWTP Arabia Capital, the first international private equity firm to establish an Asia-Saudi …
Companies Investments