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26 March 03:40 AM

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16 March 05:48 PM GCC countries to see slower economic growth in 2023 – Report
Mubasher: Economic growth among the GCC countries is forecast to be slower in 2023, following a sharp recovery in 2022, according to a recent report by S&P Global. The report attributed the sluggish economic growth to OPEC-related oil production …
Sector Reports
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16 March 12:56 PM MENA’s financial institution APICORP records $164m net comprehensive income in 2022
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP), the only multilateral financial institution focused on energy in MENA, witnessed a 40% year-on-year (YoY) surge in net comprehensive income to $164 million in 2022. APICORP’s …
Financial Results
Founder and CEO of HyperPay, Muhannad Ebwini
15 March 06:42 PM MENA-focused HyperPay to expand in Saudi Arabia through IPO
Riyadh – Mubasher: HyperPay, the Saudi payments services provider in the MENA region, intends to expand its business in Saudi Arabia by going public through an initial public offering (IPO) within the coming two years. As part of its expansion …
Global Economy
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15 March 04:13 PM Coca-Cola announces head of Middle East operations
Mubasher: American multinational corporation Coca-Cola has appointed Andrew Buckingham as the Vice President and General Manager for Coca-Cola Middle East region. Buckingham will lead the company’s operations in 13 markets across the Middle East, …
Global Economy
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14 March 03:44 PM Tarabut Gateway partners with Rain to accelerate MENA’s crypto payments
UAE – Mubasher: The MENA’s largest open banking platform Tarabut Gateway has teamed up with Rain, the first regulated crypto assets trading platform in the region to offer faster, cost-effective fiat-to-crypto transactions to Bahrain end-users. …
Global Economy
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12 March 06:10 PM Saudi Arabia announces Riyadh Air to endorse local, global aviation ecosystem
Riyadh – Mubasher: Crown Prince Mohammad bin Salman bin Abdulaziz, Saudi Arabia’s Prime Minister and Chairman of the Public Investment Fund (PIF), announced the establishment of Riyadh Air as a PIF wholly owned company. The new national carrier …
Companies Investments
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8 March 05:18 PM Business travel in MEA hits $23bn in 2022, could return to pre-pandemic levels next year – Report
Mubasher: The business travel spending across the Middle East and Africa (MEA) region is projected to return to pre-pandemic levels by 2024, according to the Business Travel Index Outlook annual forecast and outlook 2022 from the Global Business …
Macroeconomics
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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
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2 March 03:34 PM Saudi Emkan Capital to support regional startups through $31m fund
Riyadh – Mubasher: Saudi Arabia-based venture capital (VC) firm Emkan Capital has launched its $31 million fund, dubbed Emkan Capital Fund I (ECP I), to oversee strategic investments in pre-seed and seed-stage enterprises with high-growth …
Global Economy
During the Event
16 February 09:16 PM Top officials join GTN ME event in Saudi Arabia
Riyadh – Mubasher: Saudi Arabia witnessed the launch of a discussion panel earlier this week to highlight investment opportunities in the Egyptian capital market, where a high-ranking delegation of the Egyptian capital market and stock exchange …
Event
Chairman of Mubasher Financial Group, Mohamed Al Ballaa
16 February 04:34 PM GTN ME hosts event on investing in Egyptian capital market; Al Ballaa participates
Riyadh – Mubasher: The capital of Saudi Arabia, Riyadh, witnessed this week the launch of a discussion panel focusing on investment opportunities in the Egyptian capital market, under the sponsorship of the Saudi-Egyptian Business Council. Global …
Global Economy
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8 February 03:29 PM Saudi Arabia-based STV unveils Total Growth platform during LEAP 2023
Riyadh – Mubasher: MENA-focused independent investment firm STV has launched its Total Growth platform to drive the growth of tech firms in the region through both equity and debt, according to a press release. Backed by Saudi National Technology …
Global Economy
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8 February 02:06 PM Saudi IMPACT46 launches SAR 500m fund to boost MENA startups
Riyadh – Mubasher: Saudi Arabia-based venture capital (VC) firm IMPACT46 developed a new fund at a value of SAR 500 million ($133 million) to back tech startups across the MENA region, according to a press release. The fund aims to endorse tech …
Companies Investments
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7 February 02:42 PM KACST, Lenovo to inaugurate 1st innovation centre in MENA
Riyadh – Mubasher: King Abdulaziz City for Science and Technology (KACST) and Lenovo have penned a memorandum of understanding (MoU) to develop the first innovation centre in the MENA region, according to a press release. The Lenovo Innovation and …
Companies Investments
Deputy Governor of the CBE, Rami Aboul Naga
16 February 08:59 PM Egyptian gov’t keen on preserving purchasing power – CBE’s Aboul Naga
Riyadh – Mubasher: The Egyptian government has worked on preserving the purchasing power, as it targeted prices stability in the medium-term, Deputy Governor of the Central Bank of Egypt (CBE), Rami Aboul Naga, stated during a recent event held in …
Event
Chairman of the EGX, Rami El-Dokany
16 February 08:30 PM El-Dokany during GTN ME event says EGX is working on launching Islamic-compliant index
Riyadh – Mubasher: The Egyptian Exchange (EGX) is working on having an index that is aligning with the Islamic Sharia, Chairman of the EGX, Rami El-Dokany, stated during an event hosted by Global Trading Network (GTN)-Middle East in Saudi Arabia. …
Event
Head of Financial Regulatory Authority (FRA), Mohamed Farid
16 February 07:34 PM FRA’s Mohamed Farid joins GTN ME event on investing in Egyptian capital market
Riyadh – Mubasher: The Head of Egypt’s Financial Regulatory Authority (FRA), Mohamed Farid, talked about the facilities granted by the FRA to attract foreign investments into the local market during a recent event held in Saudi Arabia and focused …
Event
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16 February 10:27 AM Bahrain assumes presidency of Digital Cooperation Organization
Mubasher: Bahrain was officially elected to assume the presidency of the Digital Cooperation Organization (DCO), a global multilateral body that aims to boost the inclusive growth of the digital economy. Mohamed bin Thamer Al Kaabi, Bahrain’s …
Global Economy
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2 February 06:15 PM Xpence plans to expand into at least 3 new strategic markets – Interview with CEO Ansari
By: Omnia Ahmed Mubasher: Building a business on solid unit economic is considered important by key players in the market. Meanwhile, startups as well as small- and medium-sized enterprises (SMEs) need access to financial services through a simple …
Companies Investments
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9 February 04:08 PM Egypt’s Yodawy secures $16m in funding round backed by regional entities
Cairo – Mubasher: Yodawy, an Egyptian digital healthcare startup, has raised $16 million in the first close of its Series B funding round that was co-led by the UAE-based venture capital (VC) firm investing across the Middle East and Africa (MEA) …
Companies Investments
Hamed Ali, CEO of DFM and Nasdaq Dubai
9 January 02:02 PM DFM, DWTC to launch MENA IPO Summit – Dubai 2023
Dubai – Mubasher: The Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC) announced their partnership to host the MENA IPO Summit – Dubai.   The inaugural summit is an essential new platform set to unite the entire initial public …
Event
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25 January 03:06 PM Saudi LEAP unveils key themes for 2nd edition
Riyadh – Mubasher: Global tech event LEAP announced significant themes to be addressed during the second edition, which will be held at Riyadh Front Exhibition and Conference Centre during 6-9 February 2023 under the title ‘Into New Worlds’. The …
Event
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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23 January 12:42 PM Abu Dhabi to host UNCTAD’s World Investment Forum next October
UAE – Mubasher: The United Nations Conference on Trade and Development (UNCTAD) will hold its 8th World Investment Forum in Abu Dhabi during 16-20 October 2023, according to a press release. Held under the theme ‘Investing in Sustainable …
Macroeconomics
Photo Archive
22 January 11:42 PM UAE’s fintech Tabby secures $58m in round at $660m valuation
UAE – Mubasher: Dubai-based shopping and financial services startup Tabby has raised $58 million in a Series C funding round, with a valuation of $660 million, according to a press release. The round was led by Mubadala Investment Capital, Sequoia …
Global Economy