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03 December 09:39 AM

Kuwait news

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30 November 11:45 AM Ajman Bank, Mastercard partner to foster cross-border payment globally
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 …
Global Economy
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30 November 09:35 AM OPEC Fund backs SMEs in West Africa via EUR 50m loan
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 …
Global Economy
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29 November 02:07 PM MENA-focused Immensa fuels global expansion plans via $20m funding round
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 …
Companies Investments
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29 November 10:25 AM Emirates NBD anchors SMEs in region via Erguvan pilot launch
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 …
Global Economy
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26 November 03:50 PM ADNOC unveils region's 1st high-speed green hydrogen refueling station
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 …
Companies Investments
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26 November 10:10 AM Majid Al Futtaim unveils growth plans in MEA region
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 …
Companies Investments
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23 November 12:07 PM Mashreq, Visa, Ecolytiq launch MENA’s 1st climate banking platform
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 …
Companies Investments
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23 November 09:52 AM Raha expands footprint via funding round co-led by PIF’s eWTP Arabia Capital
Mubasher: Kuwait’s logistics tech firm Raha concluded its pre-Series A funding round that was led by Soor Capital and eWTP Arabia Capital, which is backed by the Saudi Public Investment Fund (PIF). With this latest investment, Raha secured a total …
Companies Investments
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22 November 01:40 PM CMA greenlights MBC Group's IPO on Tadawul
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 …
Global Economy
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22 November 09:49 AM EIB expands footprint in MENA with new regional hub in Egypt
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 …
Global Economy
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21 November 09:52 AM Mastercard partners with areeba to boost fintech companies in Middle East
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 …
Global Economy
1st Investor competition
20 November 01:03 PM Mubasher Global announces prizes of 1st Investor contest in US market
Exclusive – Mubasher: Mubasher Global has revealed the prizes for the winners of its 1st Investor competition for traders in the US stock market, dubbed as U.S. Markets Virtual Stock Trading Competition. There were five winners who received cash …
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19 November 09:58 AM UAE’s Wize secures $16m funding to explore partnerships in MENA
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 …
Companies Investments
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16 November 10:00 AM Bayanat partners with Yahsat to reinforce SAR satellite in Middle East
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 …
Global Economy
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14 November 02:29 PM GFH’s profits to owners up 19% in 9M-23 consolidated results
Mubasher: The net profits attributable to the shareholders of GFH Financial Group surged by 19.14% to $78.92 million in the first nine months (9M) of 2023 from $66.23 million in 9M-22. Total income amounted to $261.29 million as of 30 September …
Financial Results
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31 October 03:31 PM Egyptian ICON’s unit signs contract for SAR 40m Gulf-focused project in Saudi Arabia
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 …
Companies Investments
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29 October 06:18 PM FII launches tool to cut $5.4trn ESG investment gap in emerging markets
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 …
Global Economy
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29 October 05:08 PM With total $746m at FII7, ACWA Power builds on EBRD-OPEC Fund agreement, joins EIC
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 …
Banking and Finance
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29 October 12:10 PM PIF endorses Saudi Arabia’s asset management industry through initiatives at FII7
Riyadh – Mubasher: The Public Investment Fund (PIF) of Saudi Arabia has unveiled two initiatives, PIF Managers Gate Platform and the Portfolio Management Development Program, in a bid to support the development of the asset management industry in …
Event
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26 October 05:54 PM PIF partners with Pirelli at FII7 to promote Saudi Arabia as global automotive manufacturing hub
Riyadh – Mubasher: The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, signed a joint venture (JV) agreement with Italy’s global tyre manufacturer Pirelli Tyre to localise production and capabilities in the tyre industry and …
Companies Investments
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26 October 03:41 PM KAIMRC, Sanofi collaborate at FII7 to build AI-driven disease management ecosystem
Riyadh – Mubasher: King Abdullah International Medical Research Center (KAIMRC) entered into a partnership with innovative global healthcare provider Sanofi at the seventh edition of the Future Investment Initiative (FII), aiming to advance …
Companies Investments
Aramco's Al Khowaiter and ENOWA's Terium
26 October 03:06 PM Aramco, ENOWA to develop 1st e-fuel demonstration plant; deal signed on FII7 sidelines
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) penned a joint development agreement with NEOM’s energy and water company ENOWA to build the first-of-kind synthetic electro fuel (e-fuel) demonstration plant, according to a press release. …
Event
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26 October 02:48 PM FII Institute promotes education, sustainability via new partnerships
Riyadh – Mubasher: The FII Institute has launched four initiatives across three continents to boost sustainability and enhance education in low and middle-income countries. The announcement was made on the slides of the Future Investment …
Companies Investments
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26 October 02:29 PM One Amazon unveils sustainable plans during FII7
Riyadh – Mubasher: One Amazon, an initiative dedicated to preserving the Amazon Rainforest, has participated in the activities of the Future Investment Initiative (FII) conference in its seventh edition.  One Amazon unveiled plans to enter into a …
Companies Investments
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25 October 06:10 PM Top quotes by Saudi ministers, officials from energy giants at FII7; regional leaders give remarks
By: Ingy ElSafy Riyadh – Mubasher: Energy availability is essential for functioning economies is among the top quotes said on the first day of the seventh Future Investment Initiative (FII) conference, which is being held in the capital of Saudi …
Event