Cairo – Mubasher: Japanese Company Sharp and Elaraby Group signed a partnership agreement to manufacture refrigerators and deep freezers with investments of $50 million, according to an official statement. Construction of the factory and …
Dubai – Mubasher: Mashreq Bank has arranged a $3.25 billion leverage buyout sustainability-linked financing round for GEMS Education. The banks served as lead sustainability coordinator, initial mandated lead arranger and bookrunner, account bank, …
Cairo – Mubasher: Banque Misr has signed an EGP 500 million credit facility agreement with Tanmeyah, a subsidiary of EFG Holding, aimed at providing support to micro and small enterprise businesses. The agreement will offer Tanmeyah a range of …
UAE – Mubasher: Retail technology solutions provider Pathfinder has invested $325 million from Silver Rock Group, according to a press release. This transaction aligns with Pathfinder's expansion and growth trajectory ahead of its initial public …
UAE – Mubasher: Fintech Mamo has raised a $3.40 million funding round, provided by existing investor 4DX Ventures and the Dubai Future District Fund, along with Cyfr Capital. The startup will use the funding to help SMEs businesses consolidate …
Riyadh – Mubasher: Al Qemam for Computer Systems Company has signed a SAR 9.44 million agreement with Asir Region Municipality to provide electronic archiving services for paper documents in the Asir Region Municipality. The agreement was awarded …
Cairo – Mubasher: The National Bank of Egypt (NBE) increased its stake in the Export Development Bank of Egypt (EBank) and three other companies, according to bourse disclosures. Through its NBE DIFC, NBE purchased 950,000 shares in the EGX-listed …
Abu Dhabi – Mubasher: Visa teamed up with First Abu Dhabi Bank (FAB) to expand the Visa B2B Connect network in the region, according to a press release. The collaboration aims to boost corporate cross-border payments, allowing businesses in the …
UAE – Mubasher: Istanbul-based RMS Capital Investment has brought together UAE’s Reportage, Turkey’s MESA Holding, and Azerbaijan’s Sabah Investment Group. Under the new structure, Reportage holds 34%, MESA 33%, and Sabah 33% of the real estate …
Cairo – Mubasher: Egypt has launched a new tender to import five shipments of liquefied gas next August and September, as part of its efforts to end the electricity outage crisis in the Arab Republic. A government official, who spoke to Asharq …
UAE – Mubasher: Dragon Oil Company has inaugurated the AI Retreat to study the development of the Morgan and Badri fields using AI technology in Egypt, according to Emirates News Agency (WAM). The project aims to boost productivity and extend the …
Riyadh – Mubasher: Al Jouf Cement Company signed a SAR 104.19 million contract, on 23 July 2024, to sell cement to Webuild SpA for NEOM projects. The joint deal holds a tenor of 41 months from the date of signing, according to a bourse disclosure. …
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) established a hub in Kazakhstan for its Shari’ah-compliant corporate banking services, according to a press release. The hub aligns with the DFM-listed lender’s objectives to expand its …
Cairo – Mubasher: Banknbox, a leading digital banking and payment services platform in Egypt, has signed a strategic cooperation agreement with CSC Jordan, according to a press release. The partnership aims to drive financial inclusion and secure …
UAE – Mubasher: UAE-based VC fund Shorooq Partners has led a $1.50 million pre-Series A round in Pakistan’s mobility startup Zyp Technologies, according to a press release. The fundraising transaction also included Indus Valley Capital and several …
Abu Dhabi – Mubasher: Aldar Properties has revealed plans to develop a landmark Grade A office tower on Sheikh Zayed Road, near the Dubai International Financial Centre (DIFC). The project, featuring an 88,000 sqm net leasable area (NLA), will …
Cairo – Mubasher: Egyptian Prime Minister Mostafa Madbouly convened a meeting with key officials and executives to discuss a proposal from a leading global alliance for managing the Cairo International Financial Center (CIFC) in the New …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded a joint venture (JV) formed by the Spanish company Técnicas Reunidas and the Chinese Sinopec Engineering Group the development of new natural gas liquids (NGL) fractionation …
Riyadh – Mubasher: Sure Global Tech Company was awarded a project contract worth SAR 13.97 million, according to a bourse disclosure. The company received the awarding notification from the Research Development and Innovation Authority on 23 July …
UAE – Mubasher: PowerDMARC, a leading email authentication and domain security SaaS service provider, launches its new office in Dubai Silicon Oasis, according to a press release. The new office is included in its existing offices in Plano Texas, …
Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank. The approval was granted on 23 July 2024 for the funding date of 22 July this …
Riyadh – Mubasher: Aljouf Cement Company has signed an agreement with Alinma Bank to reschedule Islamic facilities to support the cement manufacturer’s operations. The financing amount and rescheduled part financing value totals SAR 374 million, …
Riyadh – Mubasher: Edarat Communication and Information Technology Company has signed two contracts with BPS ARABIA for Information Technology and Digital Centers for Data and Communication for cloud, data centre design, supervision, consulting …
Cairo – Mubasher: JD Holding, a joint-venture (JV) between Jebal Real Estate Development and Abu Dhabi National Investment Company, has signed a strategic partnership agreement with several Emirati businessmen, in collaboration with FAB Group and …
Abu Duabi – Mubasher: A consortium of Borouge, Abu Dhabi National Oil Company (ADNOC), and Borealis has signed a collaboration agreement with China’s Wanhua Chemical and its subsidiary Wanrong New Materials (Fujian) a speciality polyolefins …
