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International Markets

Eric Demuth, Co-Founder and CEO of Bitpanda
16 December 2024 02:36 PM Europe’s crypto platform Bitpanda expands in MENA via UAE office
Mubasher: Bitpanda, Europe’s leading crypto platform, has obtained an in-principle approval from the Virtual Assets Regulatory Authority (VARA) in under eight months from submission. The platform commenced operations in the UAE as Bitpanda Broker …
Global Economy
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16 December 2024 01:27 PM MENA-focused Parkin, Saudi Batic to explore smart city parking solutions
Dubai – Mubasher: Parkin Company has entered into a memorandum of understanding (MoU) with Batic Investments and Logistics Company to bolster smart city parking solutions Across Saudi Arabia. The two entities will combine Parkin's operational …
Companies Investments
Khatija Ali, CEO and Founder of BioSapien
15 December 2024 07:04 PM BioSapien raises $5.5m funding round led by MENA’s VC firm Global Ventures
UAE – Mubasher: UAE-based healthtech BioSapien has secured a $5.50 million (AED 20.20 million) pre-Series A fundraising led by MENA’s leading VC firm Global Ventures as well as Dara Holdings. The capital will fund BioSapien’s clinical trials in …
Companies Investments
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15 December 2024 06:36 PM AMEA Power operates Egypt’s largest solar power plant
Cairo – Mubasher: AMEA Power, one of the fastest-growing renewable energy companies in the region, commenced its 500 megawatts (MW) Abydos Solar PV Plant in Egypt’s Aswan Governorate. Being one of the largest solar PV plants in Africa, the project …
Companies Investments
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15 December 2024 04:58 PM Astra Tech’s Quantix secures $500m financing to enhance operations across region
UAE – Mubasher: UAE-based fintech Quantix Technology Projects, a subsidiary of Astra Tech, has raised $500 million in asset-backed securitisation financing from Citi. The fundraising transaction is one of the largest provided to a UAE fintech …
Companies Investments
Clive Cowley, CEO of ADNH Catering
15 December 2024 02:42 PM ADNH Catering inks deal to boost expansion plans in Saudi Arabia
Abu Dhabi – Mubasher: ADNH Catering has entered into a sale and purchase agreement (SPA) with Al Rushaid Group to acquire an additional 20% stake in its Saudi joint venture (JV) from Compass Group. Through its subsidiary, ADNH Catering LLC-OPC, …
Global Economy
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15 December 2024 01:32 PM Sun Capital Advisory expands global footprint with Abu Dhabi office
UAE – Mubasher: Sun Capital Advisory, a private investment firm specialising in advising high-net-worth individuals and families on direct investments, scaled its presence in Abu Dhabi Global Market (ADGM). The India-based company provides its …
Companies Investments
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15 December 2024 11:14 AM SEC obtains $3.6bn facility deal co-led by listed lenders
Riyadh – Mubasher: Saudi Electricity Company (SEC) penned a $3.60 billion (to SAR 13.50 billion) international syndicated credit facility agreement on 12 December 2024. The company will use the proceeds of the loan to finance general corporate …
Company News
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15 December 2024 10:01 AM PIF anchors global assets portfolio via stake acquisition in Heathrow Airport
Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has acquired a 15% stake in FGP TopCo, the holding company of Heathrow Airport Holdings Limited,  from Ferrovial SE and certain other FGP TopCo shareholders. Following the transaction, …
Companies Investments
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12 December 2024 07:44 PM Saudi Arabia to host 2034 FIFA World Cup
Riyadh – Mubasher: Saudi Arabia is set to host the 2034 FIFA World Cup at the New Murabba Stadium in Riyadh, becoming the second Middle East nation to host the tournament after Qatar in 2022. The New Murabba Stadium will be one of 15 premier …
Global Economy
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12 December 2024 06:33 PM Hilton to triple development portfolio in Egypt
Mubasher: Hilton plans to inaugurate 25 hotels across Egypt, tripling its presence in the Arab Republic, according to a press release. The growth plans include the signing of more than ten new properties under the global hospitality company’s …
Global Economy
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12 December 2024 01:05 PM MNT-Halan launches in UAE to support regional expansion plans
Cairo – Mubasher: Egypt’s leading fintech company and first unicorn MNT-Halan has entered the UAE market in line with its regional expansion plans, according to a press release. The company introduced Halan Advance, a fast, secure, and …
Global Economy
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12 December 2024 11:20 AM Beltone, CRIF join forces to scale up rating solutions in MENA
Cairo – Mubasher: Beltone Capital, a fully-owned subsidiary of Beltone Holding, has signed a joint-venture agreement with CRIF to expand rating solutions in the MENA region. The two entities teamed up to launch a new entity offering a holistic set …
Global Economy
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12 December 2024 10:28 AM Mubadala, AlpInvest to secure portfolio senior fund financing globally
UAE – Mubasher: Mubadala Investment Company and AlpInvest Partners, a leading global private equity investor and a subsidiary of Carlyle, developed a new portfolio senior fund financing partnership. The credit co-investment partnership aims to …
Companies Investments
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12 December 2024 09:42 AM TAQA Arabia, Somabay inaugurate Egypt's largest solar-powered desalination plant
Cairo – Mubasher: TAQA Arabia teamed up with Somabay to open Egypt's largest desalination plant fully-powered by solar energy, according to a recent press release. The plant's first phase holds a daily capacity of 3,650 cubic metres (m3), securing …
Global Economy
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11 December 2024 05:34 PM Investindustrial scales global reach via ADGM office
UAE – Mubasher: Investindustrial, a premier European investment group with a global reach, has launched a new office in the Abu Dhabi Global Market (ADGM), according to a press release. The group inaugurated the new office after receiving …
Companies Investments
Nadim Alameddine, CEO and Founder of Wafeq
11 December 2024 01:19 PM UAE’s Wafeq supports regional expansion plans via $7.5m Series A round
UAE – Mubasher: Dubai-based Wafeq has closed its $7.50 million (SAR 28 million) in a Series A funding round to double down on its Saudi operations and expand in the UAE as well as the GCC region, according to a press release. The fundraising …
Global Economy
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11 December 2024 11:55 AM Hub71 partners with ADIB to bolster global startup growth
Abu Dhabi – Mubasher: Hub71, Abu Dhabi’s global tech ecosystem, sealed strategic agreements with Abu Dhabi Islamic Bank (ADIB) to reinforce startup growth, according to a press release. The partnership provides startups with expert mentorship and …
Global Economy
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11 December 2024 10:51 AM IHC’s Finstreet drives global financial innovation via new regulated subsidiaries
Abu Dhabi – Mubasher: Finstreet Limited, an IHC Group company through Rorix Holdings, has officially launched its subsidiaries at Abu Dhabi Finance Week (ADFW), ADGM’s flagship financial event. The units, which operate a first-of-its-kind …
Global Economy
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11 December 2024 10:01 AM Talabat’s debut on DFM marks largest global tech IPO in 2024
Dubai – Mubasher: Talabat Holding, MENA’s leading on-demand food, grocery and retail platform for everyday deliveries, began listing and trading its shares on the Dubai Financial Market (DFM). The company traded its shares under the ticker symbol …
Trading Activities
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11 December 2024 09:27 AM PIF’s Diriyah, Apple to boost retail expansion across Saudi Arabia
Riyadh – Mubasher: Diriyah Company, owned by the Saudi Public Investment Fund (PIF), teamed up with Apple to launch a retail store in Diriyah. The City of Earth marks a significant milestone in the retail and lifestyle offering of the Diriyah …
Companies Investments
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10 December 2024 06:22 PM MENA-focused Shorooq, South Korea’s Hanwha Life to expand alternative investments
UAE – Mubasher: MENA-focused Shorooq entered into a partnership with South Korea’s Hanwha Life, a leading Korean life insurance company, according to a press release. In line with its growth strategy, the financial group expanded into several …
Banking and Finance
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10 December 2024 05:43 PM Iliad Partners launches $50m MENA-focused VC Fund backed by PIF
UAE – Mubasher: Abu Dhabi-based venture capital (VC) firm Iliad Partners launched its $50 million Iliad Partners Tech Ventures Fund I, according to a press release. The Iliad Fund will invest in early-stage B2B software startups driving …
Global Economy
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10 December 2024 03:46 PM du, Nokia launch 1st commercial 5G cloud RAN deployment in MEA
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) penned a memorandum of understanding (MoU) with Nokia to deploy the first commercial 5G Cloud RAN site in the MEA region. Cloud RAN marks a significant advancement in radio …
Global Economy
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10 December 2024 00:22 PM PLATMA fuels MENA expansion via $2.2m pre-seed funding
Mubasher: US-based AI business automation platform PLATMA seeks to enter the MENA market after securing a $2.20 million pre-seed funding round at a valuation of $20 million. PLATMA has supported a range of local businesses across the MENA region …
Companies Investments