International Markets

21 January 2025 10:07 PM Top M&A financial, legal advisers in Middle East, Africa unveiled for 2024 – GlobalData

Mubasher: GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the Middle East and African region during 2024. BMO …

Global Economy

21 January 2025 09:53 PM IEA expects global oil demand growth to accelerate in 2025; OPEC remains more upbeat on outlook

Mubasher: The International Energy Agency (IEA) and OPEC have released their January oil market reports, outlining their views on oil demand for 2025, according to a detailed Emirates NBD Research paper. The IEA expects global oil demand growth to …

Global Economy

21 January 2025 07:28 PM UAE’s VAT law for precious metals likely to allow streamlining, cement country position as global trading hub

UAE – Mubasher: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT. Meanwhile, the responsibility of …

Sector Reports

21 January 2025 05:18 PM Aldar initiates region’s 1st sustainability incentive programme

Abu Dhabi – Mubasher: Aldar Properties has launched a sustainability incentive programme to be the first of its kind in the region aimed at rewarding suppliers with green bonuses that include financial and non-financial benefits, according to a …

Global Economy

21 January 2025 03:19 PM MENA real estate activity likely to witness increase in 2025 – Savills

Mubasher: Real estate investment activity is expected to improve significantly in 2025, with a strong recovery in capital values also anticipated, according to a recent Savills report. Researchers expect that the MENA region, including key markets …

Sector Reports

21 January 2025 02:28 PM Deloitte Middle East unveils first-of-kind programme for green economy

Mubasher: Deloitte Middle East has recently collaborated with the Institute of Environmental Management and Assessment (IEMA) to launch the Green Skills for a Green Economy program, according to a press release. It is the first of its kind …

Global Economy

20 January 2025 09:42 PM Middle East-based AJEX teams up with Chapman Freeborn to boost Saudi aviation services

Riyadh – Mubasher: AJEX Logistics Services, a Middle East-based specialist in express distribution and shipping solutions, signed a strategic collaboration agreement with leading global aircraft charter and aviation support company Chapman …

Companies Investments

20 January 2025 08:40 PM Nutanix initiates MC Experts to create platform serving Middle East, Europe, Africa

Mubasher: Hybrid multi-cloud computing company Nutanix recently launched Multicloud Experts community (MC Experts) in Europe, the Middle East, and Africa (EMEA) as part of an initiative to establish a platform for leading cloud experts to pool …

Companies Investments

20 January 2025 07:31 PM Elm partakes as strategic partner in Hajj Conference 2025, has potential for regional growth

Riyadh – Mubasher: Elm Company has participated as the strategic partner of the Hajj Conference and Exhibition 2025, which took place in Jeddah on 13-16 January 2025, according to a press release. The event aims to bolster communications and …

Companies Investments

20 January 2025 05:32 PM Al Ansari Financial Services unveils strategic partnership with Abhi Middle East

Dubai – Mubasher: Al Ansari Financial Services recently announced its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), according to a press …

Global Economy

10th Meeting of Arab Finance Ministries' Deputies

20 January 2025 03:47 PM Deputy finance ministers from Arab world discuss fiscal policies, digital transformation

UAE – Mubasher: Arab deputy finance ministers have assembled in Abu Dhabi to discuss financial policies and digital transformation in public finance, as part of the 10th Meeting of Arab Finance Ministries' Deputies. The Arab officials are also …

Ministries

20 January 2025 11:28 AM Relata regional growth plans with strategic expansion into Dubai

UAE – Mubasher: India-based Relata has expanded its operations into Dubai through a joint venture (JV) between Cognilements International and visionary leader Neeraj Srivastava. Neeraj Srivastava was appointed as Chairman of Relata GCC region and …

Global Economy

19 January 2025 05:37 PM CIRA’s majority shareholder acquires 37.5% additional equity, backs regional expansion

Cairo – Mubasher: Social Impact Capital, the majority shareholder of 51.20% in Cairo for Investment and Real Estate Development (CIRA Education), is in the process of acquiring an additional 37.50% stake in CIRA through a mandatory takeover offer …

Mergers and Acquisitions

19 January 2025 03:41 PM UAE leads MENA’s solar energy projects - MESIA

UAE – Mubasher: The UAE led the regional solar energy sector, the Middle East Solar Industry Association (MESIA) highlighted in the "Solar Outlook Report 2025" report. This was backed by the country’s green initiatives, such as the Dubai Clean …

Event

19 January 2025 03:16 PM New Honeywell centre cements Saudi Arabia’s position in global cybersecurity market

Riyadh – Mubasher: Honeywell recently launched a new centre in Saudi Arabia’s Jubail to provide localised cybersecurity services for critical industrial sectors in the Kingdom, according to a press release. Honeywell Himaya Center, which was …

Companies Investments

19 January 2025 10:41 AM GCC markets record $13.2bn in IPOs during 2024 – Markaz

Mubasher: The GCC region raised $13.20 billion in proceeds from 53 initial public offerings (IPOs) in 2024, according to the Kuwait Financial Centre (Markaz). This marks a 23% increase compared to 2023, when issuers raised $10.70 billion through …

Initial Public Offerings

16 January 2025 07:27 PM Mekyal, Atlantis Blu Mining GmbH announce $1.4bn fund at FMF 2025

Riyadh – Mubasher: Mekyal and Marine Mining Company signed a memorandum of understanding (MoU) with Atlantis Blu Mining GmbH to create a $1.44 billion fund to support deep-sea mineral exploration projects. The announcement was made on the …

Event

16 January 2025 06:39 PM Saudi Arabia launches Mining Innovation Studio at FMF 2025 to drive economic growth

Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources has launched the Mining Innovation Studio, an initiative designed to solve critical challenges in the mining sector through advanced technological solutions. In collaboration …

Global Economy

16 January 2025 06:32 PM Emirates makes Middle East debut via new aircraft

UAE – Mubasher: Emirates, one of the UAE’s two flag carriers, introduced the new Emirates A350 aircraft for the first time in the Middle East after landing in Kuwait on 8 January 2025. Kuwait also marked the second Emirates destination globally to …

Companies Investments

16 January 2025 05:40 PM Masdar enters Philippines market, expands production capacity

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar) inked agreements with the government of the Philippines to develop 1 gigawatt (GW) of clean energy projects. The deals, which mark Masdar’s entry into the Philippines market, aim to …

Companies Investments

16 January 2025 03:54 PM Saudi Arabia seen as global mining hub upon major agreements at FMF 2025

Riyadh – Mubasher: The fourth edition of the Future Minerals Forum (FMF) witnessed four strategic announcements to foster Saudi Arabia’s position as a global leader in the mining and minerals sector. In line with the Saudi Vision 2030, the …

Event

16 January 2025 02:58 PM ExxonMobil Egypt unveils gas-bearing reservoirs in North Marakia block

Cairo – Mubasher: ExxonMobil Egypt (Upstream) Limited announced the discovery of gas-bearing reservoirs in North Marakia block, according to a press release. The reservoirs were encountered after completing the drilling of the Nefertari 1 well in …

Global Economy

16 January 2025 00:31 PM Mineral wealth security needed to drive global energy transition – Alkhorayef at FMF 2025

Riyadh – Mubasher: Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, urged securing supply chains for critical minerals across the region spanning Africa to West and Central Asia to boost global energy transition. …

Event

16 January 2025 11:02 AM Tech investments expected to transform mining industry – Saudi ministers during FMF 2025

Riyadh – Mubasher: Saudi Minister of Finance, Mohammed bin Abdullah Al Jadaan, asserted the need to boost investments in the mining sector, Saudi Press Agency (SPA) reported. During the fourth edition of the Future Minerals Forum (FMF), Al Jadaan …

Companies Investments

16 January 2025 09:58 AM Badawi unveils Egypt’s plans to reshape gold mining sector during FMF 2025

Cairo – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi stressed the state’s commitment to explore the potential of gold mining, according to an official statement. On the sidelines of the fourth edition of the Future …

Companies Investments

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