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 …
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 …
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 …
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, …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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) …
Mubasher: The GCC issues of local debt instruments and US dollar-backed Eurobonds jumped to $15.90 billion in the fourth quarter (Q4) of 2022, compared to $11.80 billion in Q3-22 and $14.70 billion in Q2-22. A report by the Central Bank of Kuwait …
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 …
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 …
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 …
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 …
