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18 March 02:01 PM Ooredoo, e& team up to evolve submarine network in Middle East
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
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14 March 03:30 PM Ithmaar Holding’s CEO Taleb resigns
Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, has announced the resignation of its CEO, Abdulla Abdulaziz Taleb, according to a bourse filing. Taleb, who will officially leave the company on 14 April 2024, also resigned …
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14 March 11:41 AM Paklaunch eyes regional expansion via new funding round
Mubasher: Paklaunch has closed its seed funding round with undisclosed value to boost the startup ecosystem in Pakistan and the GCC region, according to a press release. The fundraising was led by Disrupt.com with the participation from Indus …
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12 March 05:53 PM US’ Cloudflare expands in Middle East through new office in Dubai
UAE – Mubasher: US-based Cloudflare has officially opened a new office in Dubai Internet City as part of its plan to increase investment in the Middle East, according to a press release. Co-Founder, President, and COO of Cloudflare, Michelle …
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12 March 11:35 AM Clara, VMS ink deal at LEAP 2024 to empower MENA’s startups
Mubasher: VMS and Clara, a platform streamlining company digital formations, inked a memorandum of understanding (MoU) to back startups in the MENA region. The two parties signed the agreement on the slides of LEAP24 that took place in Riyadh …
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11 March 01:27 PM TAWAL unveils new technology for private 5G network at LEAP 2024
Riyadh – Mubasher: TAWAL, an information and communications technology (ICT) infrastructure subsidiary of Saudi Telecom Company (stc), has announced a new technical system for private 5G networks at LEAP 2024. TAWAL joined forces with MOBiSENSE to …
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11 March 10:41 AM Investcorp Capital seals $800m credit facility deal
Mubasher: Investcorp Capital has entered into a $800 million revolving credit facility agreement with a syndicate of regional and international banks as lenders and Investcorp Holdings as a guarantor. The agreement is expected to have a positive …
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10 March 04:26 PM Egypt’s dKilo raises $3.2m funding at LEAP 2024
Cairo – Mubasher: Egypt-based ad tech dKilo has secured $3.20 million in a Seed funding round during the Leap 2024 conference that kicked off in Riyadh on 4 March. The fundraising transaction was led by Upturn Ventures, a venture builder …
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10 March 01:53 PM GFH leads Cenomi Centers’ $500m sukuk offering
Mubasher: GFH Financial Group has acted as the joint lead managers and bookrunners for the issuance of a $500 million sukuk by Arabian Centres Company (Cenomi Centers), according to a press release. The five-year offering registered a total order …
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10 March 09:49 AM stc, US-based nile announce JV to boost NaaS service at LEAP 2024
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …
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7 March 06:46 PM FAB forges extensive global partnership with Mastercard
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
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7 March 06:19 PM PIF, Mumtalakat Holding signs MoU to explore investments in Bahrain
Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), and Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, have inked a memorandum of understanding (MoU) to expand cooperation to enable new …
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7 March 04:55 PM Elm pens 3 MoUs at LEAP 2024 to boost tourism, healthcare in Saudi Arabia
Riyadh – Mubasher: Digital Solution Provider Elm Company has signed a memorandum of understanding with the Saudi Red Sea Authority (SRSA), the organiser and enabler of coastal tourism in the kingdom, to provide online services. The MoU also …
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6 March 04:18 PM Katch International launches 3rd global office in Saudi Arabia
Riyadh – Mubasher: Katch International, a leading PR agency, has opened its first office in Saudi Arabia in line with its expansion plans into the region, according to a press release. Located in Riyadh, the new official comes within the framework …
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6 March 01:57 PM GFH to sell Khaleeji Bank's AT1 Certificates for $75m
Mubasher: GFH Financial Group has signed an agreement with Southern Star Investments WLL to sell a portion of its ownership in the Khaleeji Bank’s Additional Tier 1 (AT1) Certificates. The transaction was concluded at a nominal value of $74.96 …
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6 March 10:46 AM Cisco debuts LEAP24 with Riyadh’s new regional office announcement
​Riyadh – Mubasher: Cisco has announced plans to build a new regional head office in Riyadh and launch a new phase of its Country Digital Acceleration (CDA) programme in collaboration with the Ministry of Communications and Information Technology. …
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5 March 07:57 PM Saudi listed Elm reveals comprehensive digital solutions, products at LEAP 2024
Riyadh – Mubasher: Digital solutions provider Elm Copmany is showcasing some its innovative products and solutions at the third edition of the LEAP conference, which is running in the capital of Saudi Arabia until 7 March 2024, according to a …
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5 March 07:29 PM Deloitte unveils new Riyadh’s ServiceNow Innovation Center at LEAP 24
Riyadh – Mubasher: Deloitte, a global professional services firm, and leading digital workflow company ServiceNow have announced plans to establish the ServiceNow Public Sector Innovation Center at the Deloitte Digital Center in Riyadh. The …
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5 March 06:52 PM PIF’s Alat, KACST announce partnership at LEAP 2024
Riyadh – Mubasher: Alat, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), signed a partnership agreement with King Abdulaziz City for Science and Technology (KACST) to support the development of the semiconductor industry in the …
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5 March 06:24 PM Dell unveils new logistics centre in Riyadh at LEAP 2024
Riyadh – Mubasher: Dell Technologies announced plans to open a new merge and logistics fulfilment centre in Saudi Arabia, including a second touch manufacturing facility. Based out of Riyadh, the new centre will handle all Dell product lines in …
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5 March 05:28 PM US-based Cloudflare makes 1st direct participation at LEAP 2024
Riyadh – Mubasher: The US connectivity cloud company Cloudflare has made its first direct participation as well as the second consecutive year of participation at LEAP conference, which is being held until 7 March 2024 in the capital of Saudi …
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5 March 04:54 PM AliExpress expands business in GCC region
Mubasher: AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, has expanded its Affiliate Programme to the GCC region, according to a press release. The programme was launched in Saudi Arabia, …
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5 March 04:14 PM Zain KSA launches Zain Clinic at LEAP2024
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) entered into a strategic partnership agreement with Altibbi, a remote medical consultation platform that directly connects patients to physicians. Under the collaboration, …
Alaa Bawab, General Manager at Lenovo Infrastructure Group, META
5 March 03:14 PM Lenovo’s presence at LEAP ties in with Saudi vision for digital transformation – Bawab
Riyadh – Mubasher: Lenovo, the global tech brand, is showcasing at the third edition of LEAP conference which comes in line with Saudi Arabia’s vision for digital transformation, of which AI plays a crucial role, General Manager at Lenovo …
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5 March 01:11 PM Aramco unveils AI model aramcoMETABRAIN at LEAP 2024
Riyadh – Mubasher: The President and CEO of Saudi Arabian Oil Company (Aramco), Amin Nasser, unveiled the company’s new large language AI model, aramcoMETABRAIN, according to a press release. During his speech on the Digital Leadership in the …