Global Economy

UAE – Mubasher: Delaware-headquartered startup AC3D has launched its operations in the UAE to serve the GCC region, with an objective of making the construction sector greener, cheaper, and faster. AC3D, which develops an integrated construction …

UAE – Mubasher: Abu Dhabi Department of Economic Development (ADDED) has teamed up with Shanghai-based valve manufacturer MT Group to establish the biggest valve manufacturing facility in the MENA region in addition to attracting more Chinese …

Mubasher: Cyber risk monitoring and scoring startup Cypherleak has closed a $750,000 seed round to help drive its expansion across the Middle East and Africa (MEA) while working on inaugurating an African regional office in Morocco. The firm …

Mubasher: Under the sponsorship of Mubasher Global, the 1st Investor Competition for traders in the US stock market will kick off next month, from 2 until 31 October 2023. Registration for Mubasher’s U.S. markets Virtual Stock Trading Competition …

Mubasher: The second London Business School’s (LBS) MENA Startup Competition 2023 witnessed a strong UAE presence in the finals following a three-month selection process, according to a press release. Five out of 10 seed-stage startups joined from …

Mubasher: Global digital payments leader Visa has opened a new office in Egypt in addition to announcing plans to expand its operations across the North Africa, Levant, and Pakistan (NALP) region, according to a press release. Egypt’s new …

Cairo – Mubasher: The eighth edition of Asian Infrastructure Investment Bank’s (AIIB) annual meeting will be held in Africa for the first time as Egypt will host the two-day event on 25 September 2023 under the theme Sustainable Growth in a …

Mubasher: Mubasher Global is launching the Egyptian Exchange (EGX) Virtual Stock Trading Competition – Season 9, where participants will be getting a virtual amount equivalent to EGP 100,000 to start actual trading. The one-month contest, which …

Mubasher: MENA’s leading open banking platform Tarabut Gateway has announced a rebrand to Tarabut, according to a press release. The brand refresh boosts the company’s objectives to reshape open banking and connect the entire financial ecosystem …

UAE – Mubasher: Abu Dhabi-headquartered digital assets infrastructure provider Fuze has raised $14 million in a Seed funding round, according to a press release. The fundraising, which will be used to back the startup’s growth, marks the largest …

Riyadh – Mubasher: ADES Holding Company, a leading oil and gas drilling and production services provider in the MENA region, set the final offer price for its initial public offering (IPO) on the Saudi Exchange (Tadawul) at SAR 13.50 per share. …

Dubai – Mubasher: The third edition of the International Investor Roadshow will kick off for the first time in Singapore on 27-28 September, organised by Dubai Financial Market (DFM) which brings the event in a first to the island city state. The …

Mubasher: The region’s ride-hailing app Careem has teamed up with retail grocery chain Sultan Center to offer exclusive discounts on Careem rides to and from Sultan’s 18 locations in Kuwait. Under the partnership, Careem customers will be entitled …

Abu Dhabi – Mubasher: Burjeel Holdings has awarded Oracle Health a contract valued at AED 125 million, according to a press release. The ADX-listed group will leverage Oracle Health’s Electronic Medical Record (EMR) solution, enabling the …

Mubasher: COP28, the 2023 UN Climate Change Conference, has appointed global provider of logistics services Kuehne+Nagel as its official freight forwarding and logistics partner. Kuehne+Nagel will be responsible for managing all logistics …

Mubasher: Toko has partnered with Virtuzone to develop the first tokenised equity crowdfunding platform in Dubai, according to a recent press release. By deploying blockchain technology, the collaboration with Virtuzone will transform early-stage …

UAE – Mubasher: Pulsar Capital, a regional private equity firm focusing on the healthcare, e-commerce, and fintech sectors, recently acquired UAE-based TruDoc which is specialised in telehealth and virtual primary care services. Through the …

Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) has entered into a long-term strategic partnership with MENA’s leading shopping and financial services app Tabby to provide seamless payment solutions. The collaboration marks the …

Mubasher: The 2023 edition of Medlab Middle East exhibition witnessed a record-breaking amount worth AED 1.90 billion that was secured by deals during the four-day laboratory showcase, organiser of the event Informa Markets announced. Meanwhile, …

UAE – Mubasher: The UAE Carbon Alliance intends to pledge an indicative intended purchase amounting to $450 million in African carbon credits by 2030. The targeted purchase is a result of a recent non-binding Letter of Intent between the UAE …

Mubasher: Zencargo, a British company focusing on digital freight forwarding, plans to use the UAE as a platform to expand its operations into the MENA region as well as South Asia. The UAE Ministry of Economy elaborated that Zencargo will …

Mubasher: Kia Middle East and Africa )MEA) has named two new Vice Presidents, boosting its regional team, according to a press release. Yaser Shabsogh assumed his role as Vice President (VP) of Commercial Operations, while Ahmed Soudodi was named …

Cairo – Mubasher: Leading hub of pharmaceutical manufacturers in Africa the Pharmaconex Exhibition concluded in Egypt on 5 September 2023 after it succeeded in attracting 7,000 visitors. More than 220 local and international companies, including …