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Dubai – Mubasher: The carbon credits trading pilot programme by Dubai Financial Market (DFM) was launched on 5 December 2023, where institutional investors will be able to buy and sell until 11 December. Making its debut at the 28th UN Climate …

UAE – Mubasher: Abu Dhabi’s global tech ecosystem Hub71 has launched Hub71+ ClimateTech as a specialist ecosystem dedicated to endorsing and helping startups across the globe, according to a press release. Meanwhile, the Abu Dhabi National Oil …

Mubasher: The Arab Petroleum Investments Corporation (APICORP) is rebranding as The Arab Energy Fund as part of its visionary 2023-2028 strategy to serve the redesigned business approach, which is focused on long-term growth and impact, according …

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) announced plans to lend, invest, and facilitate more than AED 500 billion ($135 billion) in sustainable and transition financing by 2030. The target marks an 80% increase compared with FAB’s 2021 …

Abu Dhabi - Mubasher: EasyLease Motorcycle Rental has acquired 60% of Fully Charged, one of the leading companies in the manufacture, supply, and installation of chargers for various types of electric vehicles (EV). The ADX-listed company …

Mubasher: National Mobile Telecommunications Company (Ooredoo), Mobile Telecommunications Company (Zain Group), and TASC Towers Holding joined forces to create the largest tower firm in the MENA region. Under a cash and share deal, the joint tower …

Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has entered into a definitive agreement to acquire a minority stake in Rocco Forte Hotels, according to a press release. Under the agreement, the Italian entity CDPE Investimenti (CDPEI) …

Riyadh – Mubasher: MBC Group set the price range for its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul) between SAR 23 and SAR 25 per share. The institutional book-building process will take place during the 30 …

Dubai – Mubasher: Ajman Bank has teamed up with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through the lender’s digital app. The listed bank will deploy its digital banking platform to offer …

Mubasher: The OPEC Fund for International Development signed a EUR 50 million loan with the West African Development Bank (BOAD) to support small and medium-sized enterprises (SMEs). The investment will also endorse financial institutions and back …

Mubasher: Immensa, MENA’s largest additive manufacturing startup, concluded a $20 million funding round led by Global Ventures, according to a press release. Endeavor Catalyst Fund, Shorooq Partners, and Green Coast Investments also participated …

Dubai – Mubasher: Erguvan, a climate and fintech venture that Emirates NBD recently invested in, launched a pilot programme to deploy its carbon management solution Azalt among regional small and midsize enterprises (SMEs). The project was …

UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) has opened H2GO, which is the region’s first high-speed green hydrogen pilot refueling station, according to a recent press release. Located in Masdar City, the pilot station aims to test a …

Mubasher: Majid Al Futtaim plans to launch five new Regus and Spaces locations in its shopping malls across Oman, Egypt, and the UAE in 2024, according to a press release. The Dubai-based retail conglomerate will partner with International …

Mubasher: Mashreq partners with Visa and Ecolytiq to roll out a MENA-first personal banking platform that offers carbon emissions insights, according to a press release. Mashreq clients will be able to access valued features that will help them …

Riyadh – Mubasher: MBC Group plans to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved the group’s IPO on 21 …

Cairo – Mubasher: The European Investment Bank (EIB) inaugurated a new regional hub in Egypt to boost cooperation with private and public partners across the MENA region. The new regional hub is located alongside the European Union (EU) delegation …

Mubasher: Mastercard has entered a long-term strategic partnership with leading payment processing service provider areeba to anchor payment platforms in the Middle East. The two entities will team up to provide new Mastercard card-as-a-service …

UAE – Mubasher: Dubai-based logistics startup Wize has raised $16 million in a pre-seed funding round co-led by MENA-focused angel investors, according to a press release. Wize will use the funds to expand its presence in the UAE market and …

Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) teamed up to expand the earth observation (EO) space programme from five to seven synthetic aperture radar (SAR) satellites. This move will enable Bayanat and …

Cairo – Mubasher: Prefabricated Buildings Development Industrial Company, a 100%-owned subsidiary of the Egypt-based listed Industrial Engineering Company for Construction and Development (ICON), has penned a contract to develop a project in Saudi …

Riyadh – Mubasher: Future Investment Initiative Institute (FII Institute) released Inclusive ESG Tool and Score with the goal of helping emerging market companies and global investors unlock investments while eliminating the $5.40 trillion …

Riyadh – Mubasher: ACWA Power Company has concluded agreements with international entities at a combined value of $746 million during the seventh Future Investment Initiative (FII7) conference which was held in the capital of Saudi Arabia on 24-26 …