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17 September 2025 03:33 PM Egypt’s healthtech Duaya unveils GCC expansion plans following acquisition of EXMGO
Cairo - Mubasher: Egypt-based healthtech Duaya has acquired EXMGO, a SaaS provider for pharmacies and medical businesses, in a six-figure investment transaction. The deal marks a new milestone in advancing pharmacy digitization and strengthening …
Global Economy
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17 September 2025 01:57 PM Riyadh-based Spare raises $5m pre-Series A funding to fuel expansion in GCC
Riyadh - Mubasher: Saudi fintech Spare has secured $5 million in a pre-Series A round led by anb Seed Fund, with participation from 500 MENA, Vision Ventures, SEEDRA Ventures, MEVP, Boubyan Ventures, and others. The new funding will be used to …
Companies Investments
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17 September 2025 11:08 AM Oumla secures $2.4m funding round to expand regional business
Riyadh – Mubasher: Saudi startup Oumla has raised a $2.40 million seed round led by Core Vision, with participation from Avalanche and angel investors, according to a press release. The funds will be used to expand the company’s team and reinforce …
Companies Investments
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17 September 2025 09:58 AM DP World Egypt, Elsewedy Industrial Development create $29m cold storage facility
Mubasher: DP World Egypt joined forces with Elsewedy Industrial Development to establish an advanced cold storage facility in Al Oula Industrial City in 6th of October, with an investment of $29 million (EGP 1.42 billion). Under the signed …
Companies Investments
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17 September 2025 08:37 AM Space42, Viasat to launch Equatys JV for global D2D 5G service
Abu Dhabi- Mubasher: Space42 and Viasat, a global leader in satellite and secure communications, plan to form a joint venture (JV) to provide direct-to-device (D2D) services and upgrade mobile satellite services (MSS) to 5G. The venture, known as …
Global Economy
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16 September 2025 04:34 PM Cenomi Retail inks SAR 2.9bn facility deals with Al Futtaim Retail, Emirates NBD
Riyadh - Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) has secured SAR 2.95 billion in new loan facilities, according to two separate bourse disclosures. The package includes a SAR 1.35 billion shareholder loan from Al Futtaim Private …
Companies Investments
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16 September 2025 04:03 PM Aldar sells out Al Deem townhomes with AED 1.8bn sales
Abu Dhabi - Mubasher: Aldar Properties has sold out all 450 townhomes at Al Deem on Yas Island, securing more than AED 1.80 billion in sales. The launch drew strong demand from Emirati buyers, with 68% of sales completed by men and 32% by women, …
Real estate
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16 September 2025 11:54 AM Saudi Hala closes $157m Series B round co-led by PIF’s Sanabil Investments
Riyadh - Mubasher: Saudi fintech HALA secured $157 million in a Series B funding round led by The Rise Fund, TPG’s global impact investing strategy, and Sanabil Investments, a Public Investment Fund (PIF) company, according to a press release. The …
Banking and Finance
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16 September 2025 10:53 AM du raises AED 3.1bn in secondary public offering of shares
Dubai - Mubasher: Emirates Integrated Telecommunications Company (du) is expected to generate AED 3.15 billion through a secondary public offering of 342.08 million shares, equivalent to 7.55% of its capital. The shares were sold by Mamoura …
Companies Investments
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16 September 2025 10:05 AM Rana Group eyes $6bn annual sales from Smart Manufacturing Hub in UAE
UAE – Mubasher: India’s Rana Group has launched Erisha Smart Manufacturing Hub that will see the development of 150 large industries at Al Ghail Industrial Area in Ras Al Khaimah over the next five years, according to a press release. The ceremony …
Companies Investments
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16 September 2025 09:17 AM Sohar International backs Oman-GCC energy project via $500m financing
Mubasher: Sohar International has signed a $500 million financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the Oman-GCC electrical interconnection project. The venture is a major infrastructure …
Companies Investments
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16 September 2025 07:58 AM Tamara secures $2.4bn facility at Money 20/20 Middle East conference
Riyadh - Mubasher: Tamara, Saudi Arabia’s first homegrown fintech unicorn, has secured the largest asset-backed facility of its kind in the region of up to $2.40 billion from Goldman Sachs, Citi, and Apollo funds. The transaction refinances and …
Event
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16 September 2025 07:46 AM Jamjoom Pharma partners with Bio-Thera to secure Cosentyx biosimilar in MENA
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has signed a strategic commercialization agreement with Bio-Thera Solutions Limited, a global biopharmaceutical firm specializing in innovative therapies and biosimilars. …
Global Economy
flydubai and TAROM
15 September 2025 06:33 PM flydubai grows international network through partnership with TAROM
UAE – Mubasher: Dubai-based carrier flydubai has entered into a strategic interline agreement with TAROM, Romania’s flagship carrier, to increase its global reach. The UAE carrier will provide its passengers with seamless access to 15 destinations …
Global Economy
Visa Middle East
15 September 2025 06:14 PM Visa initiates regional product in UAE for high-net-worth individuals
Mubasher: Global digital payments player Visa has launched Visa Private, an exclusive premium offering tailored for high-net-worth individuals (HNWIs), in the UAE before a wider reach in the region. The product targets HNWIs who seek a level of …
Companies Investments
Lumena by OMNIYAT
15 September 2025 04:59 PM OMNIYAT raises $900m through Sukuk financing
UAE – Mubasher: Real estate developer OMNIYAT has by far secured a total of $900 million in 2025 through Sukuk offerings. The developer recently priced a $400 million 3.5-year Sukuk, marking its second issuance in less than six months, according …
Companies Investments
ALEC Holdings
15 September 2025 02:57 PM ALEC Holdings plans to float 20% of share capital on DFM; operations focused in GCC
Dubai – Mubasher: ALEC Holdings intends to list 20% of its share capital on the Dubai Financial Market (DFM) through an initial public offering (IPO), with the IPO subscription period expected to run from 23 to 30 September 2025. The Investment …
Real estate
The Arab Energy Fund
15 September 2025 01:38 PM Arab Energy Fund announces $600m issuance with competitive pricing
Riyadh – Mubasher: MENA-focused The Arab Energy Fund (TAEF), formerly known as APICORP, recently delivered a $600 million long five-year issuance that was priced at SOFR +75 basis points (bps). The transaction represents the fourth successful …
Global Economy
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14 September 2025 00:25 PM Saudi Arabia to host Money 20/20 Middle East conference
Riyadh - Mubasher: Saudi Arabia is set to host the “Money 20/20 Middle East” conference from 15 to 17 September 2025 at the Riyadh International Convention and Exhibition Center, with the participation of leading figures from the financial and …
Event
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14 September 2025 08:16 AM GCC-focused VentureSouq concludes 2nd fintech fund to expand in MENA
Mubasher: GCC-based venture capital firm VentureSouq has closed its second FinTech Fund (FinTech Fund II), anchoring its position as a leading early-stage investor in the MENA region, according to a press release. The transaction was supported by …
Banking and Finance
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14 September 2025 08:10 AM Taraf, Masdar City join forces to develop residential project in Abu Dhabi
Abu Dhabi - Mubasher: Taraf, the real estate division of Yas Holding, has partnered with Masdar City to develop a 1.40 million square meter residential community featuring more than 1,000 villas and townhouses. The project will offer two- to …
Companies Investments
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14 September 2025 08:08 AM Germany-based Phoenix Contact expands into Saudi Arabia with new subsidiary
Riyadh - Mubasher: Germany-based Phoenix Contact, a global leader in industrial automation and connectivity, has established Phoenix Contact Trading LLC in Riyadh. The move marks a key step in its regional expansion and alignment with Saudi …
Companies Investments
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14 September 2025 08:05 AM EFG Hermes leads Orascom Construction’s listing on ADX
Cairo – Mubasher: EFG Hermes, a unit of EFG Holding, concluded advisory for its role as listing and financial advisor to Orascom Construction on its listing on the Abu Dhabi Securities Exchange (ADX). The trading of Orascom Construction’s shares …
Trading Activities
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11 September 2025 08:14 PM DAR Global becomes 1st in Middle East to transfer shares on London Stock Exchange
Riyadh – Mubasher: Saudi-born international luxury real estate developer Dar Global has transferred its ordinary shares to the equity shares category of the UK Financial Conduct Authority (FCA) official list, on 8 September 2025. The Saudi company …
Companies Investments
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11 September 2025 07:58 PM GFH Partners’ Manrre REIT launches high-bay logistics facility in UAE
Dubai - Mubasher: Manrre REIT, managed by GFH Partners Limited, joined forces with Palmon Group FZCO to construct a logistics facility in North Jafza. The 144,000 square feet project will be one of the UAE’s first high-bay and …
Companies Investments