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12:50 PM Hub71’s Cohort 15 attracts $135m in startup investment
  UAE – Mubasher: Abu Dhabi's global tech ecosystem Hub71 welcomed 21 startups in Cohort 15, bringing the total raised funding to $134.90 million, according to a press release. Currently, 243 startups will enter Hub71’s Access programme and the …
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10:36 AM AD Ports awards AED 420m contracts for expanding operations in Africa
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 …
Ahmad Al Khowaiter, Aramco EVP of Technology & Innovation
11 September 10:16 AM Aramco unveils plans to promote digital development at GAIN summit
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 …
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11 September 02:05 PM MENA’s Paymob raises $22m funding round
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, …
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11 September 12:27 PM Standard Chartered introduces digital asset custody service in UAE
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 …
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11 September 09:08 AM FlapKap boosts regional expansion plans via $34m funding
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 …
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10 September 05:22 PM Tree launches Saudi Arabia’s first-of-kind product on back of Insurance Authority
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 …
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10 September 01:50 PM Nasdaq Dubai lists $400m green bonds from Bank of China
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 …
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10 September 01:02 PM MENA-focused iyris expands business in Egypt’s agriculture sector
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 …
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10 September 12:33 PM Dubai-based Binghatti announces AED 4bn project pipeline
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 …
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10 September 11:06 AM Apollo selects Abu Dhabi as 1st international outpost for family office
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. …
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10 September 10:20 AM Entlaq acquires equity ownership in Brotinni to boost regional expansion
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 …
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9 September 06:04 PM PayTabs targets over SAR 200bn in payment volumes to drive MENA’s economy
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 …
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9 September 05:35 PM Sahm Capital’s system captures complete trading cycle – Chairman Chou at 24 Fintech
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 …
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10 September 09:03 AM Majid Al Futtaim, GCC-focused Tabby launch SHAREPay integration feature
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 …
Concord Booth at 24 Fintech
8 September 04:03 PM Concord’s Qadri unveils company services, expansion plans – Interview
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 …
Hamza Abusitta, Co-Founder and CEO of Reachware
8 September 03:25 PM Abusitta showcases Saudi Reachware’s achievements, funding round – Interview
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 …
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9 September 11:48 AM UAE’s Presight teams up with Jordanian ministry to enhance healthcare sector
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 …
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9 September 10:00 AM Carrier Global Corporation inaugurates regional office in Riyadh
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 …
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9 September 09:42 AM Digital DEWA's Moro Hub, Salzer to bolster digital transformation in region
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 …
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9 September 08:56 AM Saudi Tenaui opens Middle East’s largest digital commercial printing press
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 …
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8 September 02:40 PM Bank of Sharjah prices $500m senior unsecured bond
Abu Dhabi – Mubasher: Bank of Sharjah has successfully priced a $500 million senior unsecured bond in the international markets, according to a press release. The issuance received significant response from international investors, attracting …
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8 September 10:47 AM NMDC Energy’s IPO attracts gross demand of AED 88bn
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has closed the initial public offering (IPO) of NMDC Energy, which was oversubscribed by 31.3 excluding cornerstone. The offering attracted investor interest, generating a total gross …
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8 September 09:53 AM Invest Bank logs AED 99m net profits in H1-24
Abu Dhabi – Mubasher: Invest Bank posted an annual rise in net profit to AED 98.71 million during the first half (H1) of 2024, compared to AED 4.03 million. Net interest income hiked year-on-year (YoY) to AED 92.76 million in H1-24 from AED 45.97 …
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8 September 08:41 AM Reachware fuels GCC expansion plans via $3m funding co-led by Elm
Riyadh – Mubasher: Saudi SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, according to a press release. Reachware, a leading startup specialising …