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30 May 03:36 AM

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28 May 11:54 AM e&, Bespin Global boost cloud services in MEA via new JV
Mubasher: e& and Bespin Global concluded the establishment of a joint venture (JV) that aimed to secure public cloud-managed and professional services across the Middle East, Turkey, Africa, and Pakistan (METAP). The ADX-listed company holds a 65% …
Global Economy
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25 May 06:49 PM EFG Hermes concludes rebranding; foundation name changed
Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes Holding) has successfully rebranded to EFG Holding to ensure the brand evolves in line with the group’s expansion across three verticals: EFG Hermes the investment bank, EFG …
Global Economy
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11 May 03:59 PM e&, Vodafone team up to boost services across Europe, MEA
Abu Dhabi – Mubasher: e&, formerly known as Etisalat Group, has entered into a strategic agreement with Vodafone Group to join forces in certain key areas of their businesses across Europe as well as the Middle East and Africa (MEA) region. The …
Companies Investments
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7 May 03:17 PM Jazeera Airways endorses regional footprint with new route to Egypt
Mubasher: Kuwait-listed Jazeera Airways will commence operating direct flights to the Sphinx International Airport in Egypt on 16 May 2023. With the new route, the airline currently flies direct flights to seven cities in Egypt. This brings the …
Global Economy
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16 April 05:58 PM ADIB becomes 1st Islamic bank to go live on KYC Blockchain Platform
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has become the first Islamic bank that went live on the UAE’s KYC (Know Your Customer) Blockchain Platform. Through the platform, which is a national ecosystem for the exchange of verified KYC …
Banking and Finance
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29 March 12:57 PM AD Ports to distribute Celularity’s products across GCC
Abu Dhabi – Mubasher: Nasdaq-listed biotechnology firm Celularity has entered into an exclusive distribution agreement with AD Ports Logistics (ADPL), a subsidiary of AD Ports Group's Logistics Cluster, according to a press release. The UAE group …
Companies Investments
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6 March 06:14 PM ADQ partners with IHC to establish MENA’s biggest independent investment manager
Abu Dhabi – Mubasher: Investment and holding company ADQ has teamed up with International Holding Company to create the largest multi-asset class investment manager in the MENA region. The investment manager, which will be headquartered in Abu …
Global Economy
Head of Debt at SHUAA Capital, Natasha Hannoun
24 January 04:36 PM Venture debt funding in MENA surpasses $260m in 2022 – Report
Mubasher: Venture debt investments in the MENA region have exceeded $260 million through 18 financing deals during 2022, according to a report by Shuaa Capital and MAGNiTT. The report indicated that the high value came despite a backdrop of …
Macroeconomics
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16 January 05:57 PM Al Seer Marine unveils world’s largest maritime 3D printer
Abu Dhabi - Mubasher: Al Seer Marine, a subsidiary of the International Holding Company (IHC), has announced MEGA II to be the biggest maritime 3D printer in the world, according to a press release. The giant 3D printer will offer several …
Companies Investments
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2 January 09:38 AM ADIB rolls out region’s 1st token payment enabled wearables
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) launched the region’s first tokenised, contactless payment methods through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and …
International Agreements
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6 December 2022 00:54 PM Saudi Arabia cuts January oil prices to Asia to 10-month low
Riyadh – Mubasher: Saudi Arabia cut the January 2023 official selling price (OSP) for its flagship Arab Light crude for Asian buyers to a 10-month low, on concerns over a drop in demand and a potential increase in Russian competition. The Saudi …
Commodities
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29 November 2022 04:13 PM Bioventure, Minapharm, MiGenTra to commercialise multiple biosimilar candidates of Alvotech
Mubasher: Dubai-based Bioventure, Minapharm Pharmaceuticals, and MiGenTra GmbH have signed an exclusive licence agreement for the commercialisation of multiple biosimilar candidates developed and manufactured by Alvotech, in Egypt and eighteen …
Companies Investments
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16 November 2022 00:48 PM Euromoney returns to Egypt this December; Mashreq Bank among lead sponsors
Cairo – Mubasher: Egypt will host the 25th edition of the Euromoney conference on 7 December 2022, under the auspices of Prime Minister Mostafa Madbouly, according to a press release. Mohamed Maait, Egypt’s Minister of Finance, as well as other …
Global Economy
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8 November 2022 05:28 PM Commissioning of Africa’s 1st integrated green hydrogen plant starts
Cairo - Mubasher: Fertiglobe, the strategic partnership between ADNOC and OCI, announced the start of the commissioning of the first phase of the green hydrogen plant in Egypt's Ain Sokhna, during an event at COP27.  The event was attended by …
Companies Investments
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8 November 2022 02:59 PM ACWA Power considers bringing on Oman as investor for Suez wind energy project
Cairo – Mubasher: ACWA Power Company signed a memorandum of understanding (MoU) with Oman Investment Authority (OIA) to explore bringing the sovereign wealth fund on as an investor for the 1.1GW Suez wind energy project in Egypt.  According to the …
Global Economy
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30 October 2022 03:46 PM Kingdom Holding rolls over ownership of $1.89bn Twitter shares to Musk’s Twitter
Riyadh – Mubasher: Kingdom Holding Company (KHC) and the private office of HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud (PO) announced the roll over of their ownership of the existing Twitter shares, amounting to 34.94 million …
Companies Investments
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26 October 2022 06:02 PM Aramco sets up $1.5bn sustainability fund for global investments
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) announced the initiation of a $1.50 billion sustainability fund that will target investments worldwide. The fund will be one of the world’s largest sustainability-focused venture capital (VC) …
Global Economy
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26 October 2022 04:01 PM Saudi, regional entities participate in carbon credit auction; listed firms top bidders
Riyadh – Mubasher: A total of 15 Saudi and regional entities took part in the largest-ever carbon credit sale, during which 1.40 million tonnes of carbon credits were successfully auctioned at the Voluntary Carbon Market Initiative in the Future …
Macroeconomics
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10 October 2022 01:51 PM AI expected to contribute $320bn to MENA economic growth by 2030 - e& CEO
Cairo – Mubasher: Artificial intelligence (AI) is expected to contribute $320 billion to the economic growth of the Middle East and North Africa (MENA) by 2030, the Middle East News Agency (MENA) cited e& CEO, Hatem Dowidar.  The UAE is forecast …
Macroeconomics
Amin Nasser, President and CEO of Aramco
20 September 2022 04:09 PM Aramco CEO calls for credible global energy transition plan
Riyadh – Mubasher: Amin Nasser, President and CEO of the Saudi Arabian Oil Company (Aramco), urged policymakers and every stakeholder across the globe to unite the world around a much more credible new energy transition plan. During his keynote …
Global Economy
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13 September 2022 03:43 PM FAB to finance Middle East sustainable projects with $75bn by 2030
Mubasher: First Abu Dhabi Bank (FAB) plans to endorse sustainable development projects across the Middle East with financing worth $75 billion by 2030, Ahram Gate cited Shargiil Bashir, Chief Sustainability Officer at FAB. Bashir pointed out that …
Global Economy
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1 September 2022 04:51 PM Ajman Bank to launch world’s 1st Mastercard Touch Card
Dubai – Mubasher: Mastercard and Ajman Bank announced launching the world-first Touch Card, an accessible payment card that will enable blind and partially sighted people to easily facilitate payments and distinguish between their cards. The new …
International Agreements
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28 June 2022 02:15 PM DIFC initiates 1st Open Finance Lab in region; listed banks participate
UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …
Banking and Finance
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26 June 2022 07:15 PM Tadawul to launch Single Stock Futures in July; 10 listed firms chosen
Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …
Trading Activities
25 April 2022 07:12 PM DAMAC’s parent company unveils $100m plans to enter metaverse
UAE - Mubasher: UAE-based DAMAC Group, the parent company of the listed Damac Properties Dubai Copmany, has announced plans to launch its digital products including virtual homes, property, and jewellery in the metaverse world. The group intends …
Global Economy