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1 December 05:29 PM Mastercard, Meta - Facebook team up to empower SMEs digitisation in region
Mubasher: Mastercard will be collaborating with Meta, formerly known as Facebook, to endorse the digitisation and growth of small and medium enterprises (SMEs) in the Middle East and Africa (MEA), according to a press release on Wednesday. Both …
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1 December 01:03 PM Saudi Arabia's 1st Future Minerals Summit to kick off next month
Riyadh – Mubasher: Saudi Arabia will debut its first-ever Future Minerals Summit during 11-13 January 2022 in the capital Riyadh, the Ministry of Industry and Mineral Resources announced on Wednesday. A ministerial roundtable before the summit …
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30 November 05:49 PM IsDB’s ICIEC signs agreement with Japan's NEXI to boost trade relations
Mubasher: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has partnered with Japan-based Nippon Export and Investment Insurance (NEXI), the Export Credit Agency (ECA) of Japan, through a memorandum of …
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30 November 04:58 PM GFH acquires $200m medical offices in US
Mubasher: GFH Financial Group has purchased a portfolio of medical offices in the US in exchange for around $200 million, as part of the company's plan to build a portfolio of stabilised assets. With 11 assets, the medical portfolio spreads across …
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30 November 03:10 PM No cases of Omicron variant detected in Egypt – Official
Cairo – Mubasher: Egypt has not registered any cases of the Omicron variant until the current times, Acting Minister of Health, Khaled Abdel Ghaffar, who is the Minister of Higher Education and Scientific Research, stated on Tuesday. Abdel Ghaffar …
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29 November 03:46 PM Al Futtaim Trading introduces first Volvo electric car in region
Mubasher:  Al Futtaim’s Trading Enterprises, the distributor of Volvo Cars in the UAE, has launched its first fully electric car in the region, the XC40 BEV. Equipped with sustainable materials to cut its environmental impact, the electric car is …
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28 November 02:17 PM Kuwait’s C.bank, CMA initiate campaign on crypto assets
Mubasher: The Central Bank of Kuwait (CBK) has collaborated with the Capital Markets Authority (CMA) to launch a joint financial literacy campaign on investing or dealing in crypto assets in the state, according to a press release on Sunday. …
Hesham Safwat - CEO of Jumia Egypt
25 November 02:26 PM Startup Lounge: COVID-19 impacted positively on growth of digital services – Hesham Safwat
By: Ingy ElSafy Mubasher: The economy of any country mainly depends on small and medium enterprises (SMEs) as they acquire a key share in creating job opportunities and economic development. Online retail or e-commerce has empowered businesses in …
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23 November 04:45 PM Saudi consumers plan more spending amid optimism over vaccine rollout – Report
Mubasher: Saudi Arabia’s consumers have been increasing their spending over the past months more than the global average, while 20% of Saudis intend to spend more on an ongoing basis post-pandemic, a report by AlixPartners unveiled on Tuesday. The …
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22 November 06:20 PM Saudi SAMACO inaugurates world’s largest Bugatti showroom
Riyadh – Mubasher: Saudi Arabia’s SAMACO Automotive has launched the largest showroom worldwide for Bugatti vehicles in Riyadh. SAMACO, the official Bugatti agent in the Kingdom, opened the first Bugatti showroom in Saudi Arabia on an area …
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22 November 02:51 PM PepsiCo launches first greenhouse accelerator programme in MENA
Mubasher: PepsiCo has introduced its greenhouse accelerator programme in MENA to boost innovation and sustainability through collaboration with the region's startups. The programme was launched in partnership with the UAE Ministry of Climate …
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21 November 02:50 PM VentureSouq launches MENA's FinTech fund worth $50m
Mubasher: VentureSouq (VSQ), a GCC-based venture capital company, has launched the $50 million FinTech Fund I, the first fund focusing on FinTech across the MENA region and Pakistan. The fund invests in early-stage FinTech and SaaS companies …
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17 November 05:35 PM Saudi Arabia’s HungerStation partners with Deliverect to enhance service
Riyadh – Mubasher: Saudi food delivery app HungerStation has joined forces with SaaS company Deliverect to facilitate its online order management service for over 16,000 establishments in 30 markets. The partnership aims to reduce failures for …
The new finance deal is in line with stc Bahrain’s efforts toward digitalisation
15 November 04:05 PM stc Bahrai inks $186m bullet payment loan with ADIB, MUFG Bank
Mubasher: stc Bahrai, a subsidiary of Saudi Telecom Company (stc), has inked a $186 million five-year bullet payment loan with Abu Dhabi Islamic Bank (ADIB) and MUFG Bank.  The agreement will provide liquidity to stc Bahrain to develop and improve …
MSH covers various segments of the healthcare industry
15 November 01:10 PM GFH acquires 60% stake in UAE's multi-specialty healthcare provider
Mubasher: GFH Financial Group has acquired a 60% stake in the UAE-based Multi-Specialty Healthcare Partner Holding (MSH) in exchange for more than $100 million. With 19 healthcare clinics and two pharmacies across Al Ain, Abu Dhabi, Sharjah, and …
The company's total income hiked to $270.607 million
14 November 09:40 AM GFH reports 160% higher profits in 9M
Mubasher: GFH Financial Group has recorded a 160.42% increase in net profits attributable to the shareholders to $60.34 million during the first nine months of 2021, compared to $23.167 million in the year-ago period, as shown by the company's  …
The portfolio comprises a Class A Life Science office asset
8 November 10:52 AM GFH exits US tech offices portfolio
Mubasher: GFH Financial Group has exited from its US tech offices portfolio, which was acquired in 2019. The portfolio comprises a Class A Life Science office asset in Research Triangle Park in North Carolina, the largest scientific research and …
The portfolio comprises 14 mission-critical logistics warehouses
4 November 09:45 AM GFH acquires $2bn logistics assets in US
Mubasher: GFH Financial Group has acquired a portfolio of Amazon-designated logistics assets in the US at a value of more than $2 billion. Spanning over 11 million square feet, the portfolio comprises 14 mission-critical logistics warehouses, …
The bank's net operating income rose to BHD 49.579 million
3 November 10:15 AM Al Salam Bank records higher profits in 9M
Mubasher: The net profits attributable to the shareholders of Al Salam Bank hiked to BHD 16.224 million in the first nine months of 2021, compared to BHD 8.073 million in the same period of 2020, as shown by the bank's interims financials for the …
Nahdet El-Mahrousa Business Incubator
1 November 02:29 PM Startup Lounge: Egypt seeing entrepreneurship boom - Nahdet El-Mahrousa
By: Ingy ElSafy Cairo – Mubasher: Non-profit and non-governmental organisations play a pivotal role in developing the country’s entrepreneurship ecosystem, especially when they build the capacities of organisations to scale and expand their social …
The Manama-based firm acquired the 17-story property in Baltimore
31 October 01:12 PM GFH acquires multifamily residential property in US for $90m
Mubasher: GFH Financial Group has boosted its multifamily residential portfolio in the US after acquiring the third asset, a luxury high-rise in Baltimore, Maryland, for $90 million. The deal diversifies the company's US assets and comes amid …
GFH purchased 12.35 million of its treasury shares
27 October 10:58 AM GFH purchases 12m treasury shares on Bahrain Bourse, DFM
Mubasher: GFH Financial Group has purchased 12.35 million of its treasury shares on Bahrain Bourse and Dubai Financial Market (DFM). This acquisition has raised the total holding of treasury shares from 155.156 million shares to 167.506 million …
The company has acquired 9.385 million shares on 24 October
26 October 10:06 AM GFH acquires 19.6m of treasury shares
Mubasher: GFH Financial Group has purchased around 19.6 million shares of its treasury shares on Bahrain Bourse, Dubai Financial Market (DFM), and Boursa Kuwait. The company has acquired 9.385 million shares on 24 October 2021 and 10.2 million …
A co-investment was made in a global healthcare education provider
25 October 10:14 AM GFH partners with Schroders Capital to invest in private equity deals
Mubasher: GFH Financial Group has inked a strategic partnership with Schroders Capital, the private markets investment division of the UK's Schroders, to invest in a number of private equity and venture capital deals. The partnership will enable …
SICO has liquidated the market-making portfolio
24 October 10:38 AM GFH receives CBB's approval for treasury share repurchase
Mubasher: GFH Financial Group has obtained the approval of the Central Bank of Bahrain (CBB) to repurchase treasury shares, which is set to commence from 24 October 2021. This approval came after the ordinary general meeting (OGM) had agreed …