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Founders of Ray
19 April 10:02 AM Dubai-based Ray closes $1.2m funding round to fuel GCC expansion
UAE - Mubasher: Dubai-based powerbank-sharing startup Ray has raised a $1.20 million seed round from private investors, including Meirambek Abelkasov and Serik Uspanov, co-founders of JET. The startup will use the fresh capital to expand its …
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19 April 09:56 AM Hassan Allam to expand wastewater projects in MENA region via acquisition deal
Cairo - Mubasher: Hassan Allam has agreed to acquire MetiPro, the engineering, procurement, and construction arm of the Metito Group, to advance water and wastewater projects in the region. The transaction aligns with the group’s objectives to …
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19 April 09:44 AM Dar Global secures $250m facility from Emirates NBD to back global expansions
Dubai - Mubasher: Emirates NBD has executed a $250 million syndicated term loan for London-listed luxury international real estate developer Dar Global, according to a press release. Dar Global, which is majority owned by Dar Al Arkan Real Estate …
PIF
16 April 08:11 AM PIF’s board approves 2026-2030 strategy to maximize returns, attract global investments
Riyadh - Mubasher: The board of the Saudi Public Investment Fund (PIF) approved the 2026-2030 strategy, which focuses on delivering competitive domestic ecosystems to connect sectors and unlock the full potential of strategic assets. The outlined …
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15 April 01:53 PM Saudi Energy, Kraken to expand in MENA via JV
Riyadh - Mubasher: Saudi Energy Company has finalized agreements with Kraken Technologies Limited to establish a joint venture (JV) headquartered in Riyadh, according to the Saudi Press Agency (SPA). Under the partnership agreement, Saudi Energy …
Bain Capital
15 April 01:15 PM Bain Capital opens ADGM office to drive Middle East expansion
UAE - Mubasher: Bain Capital has launched a new office in Abu Dhabi Global Market (ADGM) to strengthen investor partnerships, support portfolio expansion, and lay the groundwork for future regional investments. The Abu Dhabi office will act as a …
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15 April 11:28 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of investment funds and the price of each certificate in EGP, except for Azimut …
Shuaa Capital
15 April 10:30 AM Shuaa Capital, Gate Capital to launch 1st Saudi fuel retail fund
Dubai – Mubasher: Shuaa Capital Saudi Arabia, a fully owned subsidiary of Shuaa Capital, has signed a memorandum of understanding (MoU) with Gate Capital Financial Services to co-launch the first Saudi fuel retail investment fund. The strategic …
Aramco Digital
15 April 09:47 AM Cumulocity, Aramco Digital partner to accelerate industrial digitalization in GCC region
Riyadh – Mubasher: Cumulocity, a global leader in industrial AIoT, has joined forces with Aramco Digital, a tech subsidiary of Saudi Aramco, to expand the deployment of its enterprise-grade platform across the GCC region. Under the signed …
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14 April 06:23 PM Homegrown Ventures closes nearly $23m debut fund to back MENA CPG startups
UAE - Mubasher: Homegrown Ventures has closed its debut Fund I at $22.80 million, which exceeded its initial $20 million target, according to a press release. The venture capital (VC) firm will focus on early-stage consumer packaged goods (CPG) …
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14 April 05:38 PM Atradius launches in UAE to boost MENA trade credit services
UAE - Mubasher: Atradius, a global leader in trade credit insurance and risk management, has expanded its business in the Dubai International Financial Centre (DIFC) in line with its growth strategy in the Middle East, according to a press …
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14 April 11:12 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of investment funds and the price of each certificate in EGP, except for Azimut …
Reme-D
13 April 05:18 PM Egypt’s biotech startup Reme-D to expand in Middle East via GIF-led funding
Cairo – Mubasher: Egyptian biotech startup Reme-D has secured a $500,000 investment from the Global Innovation Fund (GIF) to scale its molecular diagnostics solutions across Africa and the Middle East. The new funding will support the company’s …
Etihad Airways
13 April 01:16 PM Etihad Airways expands China network to boost global trade connectivity
UAE - Mubasher: Etihad Airways, the national airline of the UAE, has expanded its China network by launching five new routes and adding 28 weekly flights, according to a press release. The airline will operate services from Abu Dhabi Zayed …
The Ivy
12 April 03:31 PM IHC-backed DIAFA buys majority stake in Caring hospitality empire
Abu Dhabi – Mubasher: DIAFA, a luxury hospitality platform and affiliate of Abu Dhabi’s International Holding Company (IHC), has acquired a majority stake in Richard Caring’s portfolio. DIAFA took over The Ivy Brasseries as well as The Birley …
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12 April 01:13 PM SAR launches 5 new logistics routes to boost international trade flows
Riyadh – Mubasher: Saudi Arabia Railways (SAR) has launched five new logistics routes to boost supply chain efficiency and integrate various transport modes, according to the Saudi Press Agency (SPA). The newly launched routes will link Arabian …
GFH
1 April 06:51 PM Region-focused GFH changes commercial name to GFH Bank
Mubasher: Cross-listed GFH Financial Group has transformed its commercial name to GFH Bank B.S.C., in a strategic move reflecting a fundamental change in its business model while reinforcing the clarity of its identity as an integrated banking and …
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1 April 04:22 PM GCC equity market index falls in March, while Middle East turmoil rattles global markets – Report
Mubasher: The GCC equity market index witnessed a relatively smaller decline of 2.6% in March 2026, contrary to the sharp decline in global markets, according to a recent report by Kamco Invest. The performance in the Gulf capital market was led …
Jazeera Airways
1 April 03:17 PM Jazeera Airways adds new routes starting mid-April
Mubasher: Jazeera Airways will restart twice-weekly services from Kuwait to Egypt and Georgia as of 15 April 2026, according to a press release. The new routes to Tbilisi, Sharm El-Sheikh, and Hurghada will be operated through Saudi Arbia at King …
Jazeera Airways
31 March 02:49 PM Jazeera Airways resumes flights to Jeddah through Qaisumah Airport
Mubasher: Jazeera Airways has relaunched its flights from Kuwait to Jeddah in Saudi Arabia as part of the airline’s expanded dual-base operations, according to a press release. The resumption took effect on 28 March 2026, with fights being …
EGYPES 2026
29 March 11:52 AM EGYPES 2026 to kick off this week with 50,000 participants
Cairo - Mubasher: The ninth edition of the Egypt Energy Show (EGYPES) is set to kick off on Monday, 30 March, in the presence of President Abdel Fattah El-Sisi. Scheduled to conclude activities on 1 April, the conference will witness a high-level …
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9 April 07:06 PM Jarir unveils GCC expansion with new SAR 15m showroom
Riyadh - Mubasher: Jarir Marketing Company, also known as Jarir Bookstore, has recently opened a new showroom in The Gate Mall, replacing its previous location in Sama Mall.  The new showroom is located in Kuwait’s Egaila area and spans 2,310 …
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9 April 08:02 AM Saudi sports gaming startup ElGoat raises $266,000 funding to expand in MENA
Riyadh - Mubasher: Saudi Arabia-based sportstech ElGoat has closed a $266,000 Seed funding round backed by Trigon, with a valuation of $2.66 million, according to a press release. The fresh capital will be directed toward enhancing the platform’s …
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9 April 07:56 AM PIF backs King Street’s fund to expand private credit investment in MENA
Riyadh - Mubasher: The Public Investment Fund (PIF) signed a non-binding memorandum of understanding (MoU) with leading global investment management firm King Street Capital Management to expand private credit investment opportunities in Saudi …
Masterplan Visual of The Beaumont
8 April 09:01 PM Syria unveils first-of-kind megaproject The Beaumont
Mubasher: Syria’s Ministry of Tourism has partnered with Ezdihar Holding to carry out The Beaumont mega-development project, which spans 77,000 square meters, according to a press release. The development is the country’s first fully integrated …