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GTN expands commodities offering for digital investing in physical gold and silver
28 February 10:10 AM GTN expands commodities offering for digital investing in physical gold and silver
Mubasher: GTN, a global fintech redefining investing and trading for all, is pleased to announce the addition of precious metals to its extensive asset class coverage, easing digital retail investing in physical gold and silver. GTN’s new offering …
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27 February 04:55 PM MAPEI Group acquires Saudi Bitumat to expand presence in Middle East
 Mubasher: MAPEI Group, a leading Italian manufacturer of chemical products for use in the building industry, acquired a 100% stake in Saudi Arabia-based Bitumat. The acquisition aligns with the group’s expansion plans to strengthen its presence …
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21 February 08:36 PM SCMF 2024 marks launch of Single Stock Options contracts on SNB
Riyadh – Mubasher: The third edition of the Saudi Capital Market Forum (SCMF) has witnessed the successful rollout of Single Stock Options (SSOs) contracts on the Saudi National Bank (SNB). The debut of SSOs on the SNB is expected to empower both …
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21 February 08:11 PM Saudi Arabia could form majority of region’s MSCI EM – Goldman Sachs at Saudi Capital Market Forum
Riyadh – Mubasher: The MENA region could become 10% of MSCI Emerging Markets (EM) Index, with Saudi Arabia accounting for approximately 70% of this percentage, according to Goldman Sachs’ Richard Cormack, who is the Co-Head of Equity Capital …
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21 February 04:39 PM nybl, Basserah merge to boost AI industry worldwide
Riyadh – Mubasher: AI-based nybl and Basserah, a specialist in the data and robotic-process automation domains, have merged to enhance the acceleration of the companies’ regional and global growth. The two parties will join forces to create a …
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20 February 11:29 AM GameCentric raises $1.5m to fuel expansion in MENA
UAE – Mubasher: GameCentric has raised $1.50 million (AED 6 million) in capital from a Dubai-based angel investor, Bilal Merchant, according to a press release. This capital will enable GameCentric to enhance its platform features to widen its …
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4 February 09:40 AM P2P car rental platform Ejaro fosters business in MENA via funding round
Riyadh – Mubasher: Saudi peer-to-peer (P2P) car rental firm Ejaro has completed a pre-Series A investment round exceeding SAR 12.30 million, led by Cooperative and angel investors. Ejaro will use the investment to enhance its development and …
Founders of Roboost
4 February 09:17 AM Egypt’s Roboost secures $3m investment for regional expansion
Cairo – Mubasher: Egypt-based logistics startup Roboost closed a $3 million investment round led by Silicon Badia to bolster the company’s next phase of regional expansion. RZM Investment, Flat6Labs, and Saudi angel investors also participated in …
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1 February 05:23 PM Aramco maintains MSC, not to hit 13 MMBD upon gov’t directives
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has received a directive from the Ministry of Energy to maintain its maximum sustainable capacity (MSC) and not to continue increasing it to 13 million barrels per day (MMBD). Based on the …
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31 January 05:17 PM MENA green bonds see 155% jump in issuances; UAE, Saudi Arabia lead
Mubasher: The UAE and Saudi Arabia have dominated regional green bond league tables in 2023 with a combined 77% of total issuances in MENA, based on data from Bloomberg’s Capital Markets League Tables. The region witnessed an annual surge of 155% …
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31 January 09:50 AM Standard Chartered launches business in Egypt to boost MENA presence
 Cairo – Mubasher: Standard Chartered officially began operating in Egypt after receiving final approval from the Central Bank of Egypt (CBE) to anchor its footprint in the MENA region, according to a press release. In line with Egypt’s 2030 …
Ahmed Mahmoud and Mahmoud Gomaa, Founders of DXwand
28 January 10:38 AM DXwand secures $4m funding round to boost regional expansion
Mubasher: Middle East-based AI startup DXwand has closed its Series A equity round at a value of $4 million, according to a recent press release. The funding round was led by Shorooq Partners and Algebra Ventures, with the participation of the …
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25 January 05:35 PM Honeywell names Hashem to lead Middle East, Africa business
Mubasher: Multinational conglomerate corporation Honeywell has appointed Khaled Hashem as the President of the recently consolidated Middle East and Africa (MEA) region for the company, according to a press release. Hashem’s role will be …
Jamal Al Nassai, Network International 's Group Managing Director for Merchant Services in MENA
25 January 05:14 PM Network International announces new appointment for MENA operations
Mubasher: Digital commerce enabler Network International has appointed Jamal Al Nassai as the Group Managing Director for Merchant Services in the MENA region. Al Nassai will be responsible for strategic planning and execution, business …
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24 January 03:18 PM Paymob joins Mastercard to fast-track digital payment acceptance in MENA
Mubasher: Financial services enabler Paymob has teamed up with Mastercard to accelerate digital payment acceptance across the MENA region, according to a press release. Being a leading omnichannel payments infrastructure provider in Egypt, Paymob …
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24 January 02:41 PM China’s cross-border trade payment platform XTransfer eyes expansion in Middle East
UAE – Mubasher: Shanghai-based XTransfer, a cross-border financial and risk management services company, has made its debut in the UAE during the Light+ Intelligent Building Middle East 2024 exhibition that was held in Dubai. XTransfer plans to …
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23 January 06:04 PM SPIMACO teams up with Recbio for recombinant HPV-9 vaccine
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) inked a term sheet with Jiangsu Recbio Technology Company Limited for the licensing, supply, and technology transfer of Recombinant Human …
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23 January 09:44 AM Valu, Bosta collaborate to reinforce e-commerce sector
Cairo – Mubasher: MENA's leading fintech powerhouse Valu inked a a strategic agreement with Bosta, a leading tech-enabled last-mile delivery service provider in Egypt and Saudi Arabia. The partnership aims to enhance the purchasing process and …
Members of the Board of Directors of CoorB
22 January 09:22 AM Global fintech CoorB launches business in Middle East
Mubasher: Global fintech company CoorB has launched its operations in Saudi Arabia, Egypt, and the UAE, according to a press release. CoorB will deploy its cost-efficient solutions to help the three key markets transform into digital economies and …
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21 January 01:53 PM stc tops ME telecom sector as most valuable brand with $13.9bn – Report
Riyadh – Mubasher: Saudi Telecom Company (stc) has maintained its top spot as the highest valuable brand in the telecom sector across the Middle East with $13.90 billion, according to Brand Finance Global 500 report for 2024. stc was the strongest …
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18 January 05:05 PM Dubai International Chamber backs AMEA Power’s expansion into Africa
UAE – Mubasher: Dubai International Chamber has contributed to the expansion of UAE-based renewable energy firm AMEA Power into the African continent through its business in Mozambique. The company will work with Mozambique's Hidropower to develop …
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18 January 03:12 PM Qatar likely to sell 1st green bond shortly
Mubasher: Qatar is ready to sell its first green bond in the near future, Bloomberg cited the state Minister of Finance, Ali Al Kuwari, at the World Economic Forum in Davos. Al Kuwari stated: “We’re ready to do it very soon,” elaborating that “We …
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17 January 02:40 PM Egypt’s Paymob becomes 1st international fully licensed fintech in Oman
Cairo – Mubasher: Paymob, a global financial technology company headquartered in Egypt, has landed in Oman after receiving the Central Bank of Oman’s (CBO) Payment Service Provider (PSP) licence which made it the first international fintech firm …
Wassim Nasrallah, Natixis' head in MEACA
16 January 12:16 PM Natixis appoints Nasrallah as head in MEACA
Mubasher: Natixis Investment Managers (Natixis IM) has named Wassim Nasrallah as Head of Middle East, Africa, and Central Asia (MEACA), according to a press release. With a 30-year of experience in the financial services industry, Nasrallah will …
Muhammad Owais, CEO of Maleyat Group and Mostafa Mamdouh Mohamed Ali, CEO MCG
16 January 09:48 AM Maleyat Group enters MENA region via partnership with MCG
Mubasher: Maleyat Group, a South Africa-based online trading company, signed an exclusive agreement with MCG Introduction Services LLC to widen its client base in the MENA region, according to a press release. MCG will become the exclusive partner …