UAE news

Abu Dhabi – Mubasher: AD Ports Group has awarded Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) contracts surpassing a value of AED 420 million, according to a press release. The deals cover supplying six ship-to-shore (STS) cranes and …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) fell by 41.06 points (0.93%) and closed Wednesday’s trading session at 4,387.48 points. A total of 179.25 million shares were exchanged during the session at a value of AED 388.58 …

Mubasher: Paymob, MENA’s leading financial services enabler, has secured a $22 million Series B extension round, bringing the company’s total Series B funding to $72 million. The transaction was led by EBRD Venture Capital, Endeavor Catalyst, …

UAE – Mubasher: Standard Chartered has launched its digital asset custody service in the UAE, according to a press release. The offering has been granted a licence by the Dubai Financial Services Authority (DFSA) within the Dubai International …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) announced new initiatives to drive and reinforce advanced digital solutions across its operations, according to a press release. The initiatives were unveiled during the Global AI Summit …

Mubasher: UAE-based fintech FlapKap, which was originally established in Egypt, has raised $34 million in a pre-Series A funding round, according to a press release. The fundraising was led by BECO Capital and Pact VC, with follow-on contributions …

Riyadh – Mubasher: Tree Digital Insurance Agency has officially launched the first Pet Insurance service in Saudi Arabia, marking a new era in the digital insurance industry. The groundbreaking product is designed to meet the growing needs of pet …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 28.36 points (0.65%) on Tuesday and ended the trading session at 4,387.48 points. A total of 122.31 million shares were exchanged during the session at a value of AED 324.37 …

UAE – Mubasher: Nasdaq Dubai welcomed $400 million in green bonds by the Bank of China, one of China’s four biggest state-owned commercial banks, according to a press release. This issuance, scheduled for 2027, is rated “A” by S&P Global Ratings …

Mubasher: iyris, the agriclimate tech company formerly known as RedSea, entered into a strategic partnership with Hyma Plastic, the market leader of Agricultural Polyethylene film products in Egypt. Hyma Plastic was appointed as an exclusive …

UAE – Mubasher: Dubai-based property brand Binghatti has launched the first project in Al Jaddaf, Binghatti Ghost, at a total value of AED 4 billion. This highly anticipated development marks Binghatti’s comeback due to growing demands after a …

UAE – Mubasher: Leon Black has established a new branch of his family office, Elysium Management, at Abu Dhabi Global Market (ADGM), according to a press release. The new office, Scimitar, will serve as Elysium's first international office. …

Cairo – Mubasher: Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in foodtech Brotinni for an undisclosed value, according to a press release. The new investment will enable Brotinni to expand its footprint within the …

UAE – Mubasher: Majid Al Futtaim and Tabby, the leading shopping and payments app in the GCC, launched a new feature that integrates Tabby into the SHARE app, according to a press release. By integrating Tabby’s buy now, pay later (BNPL) services …

Riyadh – Mubasher: PayTabs Group plans to exceed SAR 200 billion in payment processing volumes by 2025, according to a statement in line with the 24 Fintech event that was held in Saudi Arabia for three days last week. The set target aligns with …

Riyadh – Mubasher: Sahm Capital has proven its position as the first brokerage on the Saudi Exchange (Tadawul) to carry out a proprietary Settlement & Clearing System. Chairman of Sahm Capital and Chief Strategy Officer of Valuable Capital Group …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) fell by 13.75 points (0.31%) on Monday and closed the trading session at 4,359.12 points. A total of 139.55 million shares were exchanged during the session at a value of AED 291.31 …

Abu Dhabi – Mubasher: Presight AI Holding has been awarded a multi-million-dollar contract by Jordan’s Ministry of Digital Economy and Entrepreneurship (MODEE). The joint agreement will set the pace of digital transformation in the country’s …

Riyadh – Mubasher: Carrier Global Corporation, a global leader in intelligent climate and energy solutions, has opened its regional office in Saudi Arabia, according to a press release. Located in Riyadh, the new office anchors Carrier’s …

Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA that serves as the digital arm of Dubai Electricity and Water Authority (DEWA), signed a collaboration agreement with Salzer Technologies. In line with the UAE’s digital transformation …

Riyadh – Mubasher: Tenaui, a leader in digital commercial printing solutions in Saudi Arabia, has inaugurated the largest digital commercial printing press in the Middle East. Backed by Canon's latest inkjet technology Tenaui Commercial Digital …

Riyadh – Mubasher: Haitham Adel Qadri, Partner and Deputy General Manager for Administrative Affairs and Internal Control at Concord, talked with Mubasher.info in an interview during the 24 Fintech event, which made its debut in Saudi Arabia on 3 …

Riyadh – Mubasher: Hamza Abusitta, Co-Founder and CEO of Reachware, revealed to Mubasher.info during the 24 Fintech event that the company was established in 2021 with the main objective to simplify the digital transformation process instead of …