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05 February 04:49 PM

Morocco news

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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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25 January 04:06 PM Kuwait raises discount rate as of Thursday
Mubasher: The Central Bank of Kuwait (CBK) decided to lift the discount rate by 0.50% to 4% from 3.50% starting from Thursday, 26 January 2023. The decision is part of recent developments in local and international economic conditions, in addition …
Central Banks
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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
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25 January 01:46 PM Rex Fuels Conference’s 5th edition kicks off in UAE
UAE – Mubasher: The fifth edition of the Rex Fuels and Solvex Global Conference has launched to be held at InterContinental Hotels in Dubai Festival City during 25-26 January 2023, according to a press release.  The global bitumen, petroproducts, …
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 …
Event
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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
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17 January 05:02 PM MEET ICT, BITEX 2023 back in 11th edition this May
Mubasher: The ICT Conference (MEET ICT) and the Bahrain International Technology Exhibition (BITEX) is back in its 11th edition from 7-9 May 2023 at Gulf Hotel’s Gulf Convention Centre. This announcement was made in collaboration with the Bahrain …
Event
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17 January 04:20 PM ITFC, ISFD announce $150m support programme for LDMCs
Riyadh - Mubasher: The International Islamic Trade Finance Corporation (ITFC) and the Islamic Solidarity Fund for Development (ISFD), members of the Islamic Development Bank (IsDB) Group, penned a $150 million Mudaraba deal. The trade finance …
Banking and Finance
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17 January 03:20 PM KPMG MESAC region names new Chairman
Mubasher: The board of KPMG Middle East, South Asia, and Caspian (MESAC) region appointed Rasheed Al Qenae as its Chairman effective January 2023. In this capacity, Al Qenae will also represent the MESAC region on the KPMG Global Council and the …
Board of Directors
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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 …
Global Economy
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15 January 04:49 PM World Future Energy Summit opens on Monday in Abu Dhabi
Abu Dhabi – Mubasher: The World Future Energy Summit, the 14th leading business event for future energy and sustainability, begins a three-day run at the Abu Dhabi National Exhibition Centre (ADNEC) on 16 January 2023. The summit will host global …
Event
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15 January 04:04 PM Egypt invites Elon Musk to visit following tweet praising Dendera temple
Cairo – Mubasher: Egypt on Sunday will extend an official invitation to American business tycoon Elon Musk to visit Egypt at the time of his choice. The move, which would be a boon for the country’s tourism sector, comes after a viral tweet the …
Global Economy
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15 January 02:35 PM Nile Property Expo to launch in London, US in 2023
Cairo – Mubasher: The Nile Property Expo intends to enter new markets for the first time in 2023 such as London and New Jersey in the US.  The announcement was made by Basem Kalila, Chairman of the Board of Directors of Expo Republic, the company …
Macroeconomics
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11 January 11:09 AM Egypt to host 4th edition of Startups Without Borders Summit 2023
Cairo – Mubasher: The fourth edition of the Startups Without Borders (SWB) Summit will kick off this February at Cairo Business Park in New Cairo, state-run news agency MENA reported. Under the theme of Go Borderless, this year’s summit is set to …
Macroeconomics
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 …
Initial Public Offerings
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9 January 11:47 AM Ship that went aground in Suez Canal refloated
Cairo – Mubasher: The Suez Canal Authority (SCA) said that a cargo ship that went aground in the Egyptian waterway has been refloated and canal traffic was restored. Earlier today, M/V GLORY grounded while joining Southbound convoy near the city …
Macroeconomics
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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 …
Macroeconomics
PaySky Founder and CEO, Waleed Sadek
29 December 2022 01:37 PM Investments of award-winning PaySky in Egypt cross EGP 100m – Interview
By: Abdallah Beder Cairo – Mubasher: Investments of award-winning payment solutions provider (PSP) PaySky in Egypt have exceeded EGP 100 million, the company’s Founder and CEO, Waleed Sadek, told Mubasher. With a vision of democratising …
Macroeconomics
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26 December 2022 02:28 PM intella partners with Huawei to enhance Arabic speech-to-text technology
Cairo - Mubasher: intella, the first real-time intelligence provider in the MENA region, teamed up with Huawei to advance its Arabic speech-to-text technology, according to a press release.  The partnership aims to create new commercial …
International Agreements
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25 December 2022 02:41 PM Consolidated assets of Arab banking sector may reach $4.4trn by year-end
Cairo - Mubasher: The Secretary General of the Union of Arab Banks (UAB) Wissam Fattouh said the consolidated assets of the Arab banking sector are expected to reach $4.40 trillion by the end of 2022. This represents a year-on-year (YoY) increase …
Global Economy
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20 December 2022 06:06 PM ENGIE takes part in largest auction by Regional Voluntary Carbon Market
Riyadh – Mubasher: The global low-carbon energy company ENGIE has participated in the largest-ever auction of carbon credits that was organised by the Regional Voluntary Carbon Market Company during the future investment initiative (FII). ENGIE …
Companies Investments
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20 December 2022 01:04 PM Ecolab's business volume in Egypt, MENA hits $200m - Interview
By: Abdullah Bedair Mubasher: The business volume of US-based water treatment and purification solutions company Ecolab in Egypt and the MENA region has reached $200 million, Vishal Sharma, Senior Vice President - India, Middle East, and Africa at …
International Agreements
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19 December 2022 02:15 PM Forbes Middle East unveils MENA's Top 50 Most-Funded Startups' annual list
Mubasher: Startups in MENA have continued to attract significant funding in 2022, with a total of $3.20 billion raised by the 50 most-funded startups, compared to $3 billion in 2021, according to Forbes Middle East’s annual list of MENA's Top 50 …
Global Economy
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18 December 2022 09:52 AM Dubai International Chamber launches 3 new offices in Egypt, Israel, Türkiye
Dubai – Mubasher: Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has opened three new international representative offices in Egypt, Israel, and Türkiye, based in Cairo, Tel Aviv, and Istanbul, respectively. …
Macroeconomics