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18 March 02:01 PM Ooredoo, e& team up to evolve submarine network in Middle East
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
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11 March 01:27 PM TAWAL unveils new technology for private 5G network at LEAP 2024
Riyadh – Mubasher: TAWAL, an information and communications technology (ICT) infrastructure subsidiary of Saudi Telecom Company (stc), has announced a new technical system for private 5G networks at LEAP 2024. TAWAL joined forces with MOBiSENSE to …
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10 March 09:49 AM stc, US-based nile announce JV to boost NaaS service at LEAP 2024
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …
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7 March 06:46 PM FAB forges extensive global partnership with Mastercard
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
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7 March 04:55 PM Elm pens 3 MoUs at LEAP 2024 to boost tourism, healthcare in Saudi Arabia
Riyadh – Mubasher: Digital Solution Provider Elm Company has signed a memorandum of understanding with the Saudi Red Sea Authority (SRSA), the organiser and enabler of coastal tourism in the kingdom, to provide online services. The MoU also …
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5 March 07:57 PM Saudi listed Elm reveals comprehensive digital solutions, products at LEAP 2024
Riyadh – Mubasher: Digital solutions provider Elm Copmany is showcasing some its innovative products and solutions at the third edition of the LEAP conference, which is running in the capital of Saudi Arabia until 7 March 2024, according to a …
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5 March 04:14 PM Zain KSA launches Zain Clinic at LEAP2024
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) entered into a strategic partnership agreement with Altibbi, a remote medical consultation platform that directly connects patients to physicians. Under the collaboration, …
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5 March 01:11 PM Aramco unveils AI model aramcoMETABRAIN at LEAP 2024
Riyadh – Mubasher: The President and CEO of Saudi Arabian Oil Company (Aramco), Amin Nasser, unveiled the company’s new large language AI model, aramcoMETABRAIN, according to a press release. During his speech on the Digital Leadership in the …
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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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13 February 05:18 PM Ooredoo sees 28% higher profits in 2023; dividends proposed
Mubasher: National Mobile Telecommunications Company (Ooredoo) logged net profits attributable to the owners valued at QAR 3.01 billion in 2023, an annual rise of 28% from QAR 2.36 billion. Total revenues increased by 2% year-on-year (YoY) to QAR …
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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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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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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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10 January 12:16 PM Odys Aviation, Aramex to foster cargo operations in GCC
Dubai – Mubasher: Odys Aviation, a sustainable aviation firm building hybrid-electric vertical take-off and landing (VTOL) aircraft, has partnered with Aramex to develop cargo operations in the UAE and Oman. The two parties will create autonomous …
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8 January 11:36 AM Ooredoo, Commercial Bank partner to bolster bill payments
Mubasher: National Mobile Telecommunications Company (Ooredoo) teamed up with the Commercial Bank to introduce an innovative direct debit solution through the CBQ Mobile App. The partnership will enable customers to seamlessly establish automatic …
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28 December 2023 01:53 PM Fawry, Simple Touch to boost digital payments in MENA's F&B sector
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments teamed up with Simple Touch to enhance software and enterprise resource planning (ERP) solutions in the food and beverage (F&B) sector across the region. The partnership will …
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20 December 2023 10:40 AM Bayanat, Yahsat unveil AI-powered JV Space42
Abu Dhabi - Mubasher: Bayanat AI and Al Yah Satellite Communications Company (Yahsat) have introduced Space42, a new AI-powered space technology champion in the MENA region. The new brand followed the proposed merger of Bayanat and Yahsat, which …
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19 December 2023 00:12 PM ACWA Power unveils South Africa's largest hybrid renewable energy project
Riyadh – Mubasher: ACWA Power Company signed a power purchase agreement for South Africa's largest hybrid dispatchable renewable energy project, according to a press release. ACWA Power Project DAO is a 150 megawatts (MW) dispatchable renewable …
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19 December 2023 09:47 AM Bayanat, Yahsat to create MENA’s 1st space tech giant at AED 15bn
Abu Dhabi - Mubasher: The board members of Bayanat AI and Al Yah Satellite Communications Company (Yahsat) proposed a merger of the two listed entities to establish an AI-powered space tech firm in the MENA region. The joint venture (JV) will have …
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11 December 2023 08:12 PM ADIB lists world’s 1st USD-denominated Green Sukuk
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) listed the first USD-denominated green Sukuk in the world on Abu Dhabi Securities Exchange (ADX) on 8 December 2023 and was more than 5 times oversubscribed, according to a press release. The …
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10 December 2023 08:42 PM Lychee Egypt starts with Saudi Arabia for GCC expansion, raises Beltone’s unit-led investment
Cairo – Mubasher: Healthy Food and Beverage (F&B) brand Lychee Egypt unveiled expansion plans to enter the Gulf area which will follow its first investment in the Saudi Arabian market, according to a press release. Entering the Saudi market is …
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10 December 2023 07:44 PM Saudi SABIC joins PepsiCo, UAE’s AstroLabs for Mega Green Accelerator to serve MENA startups
Mubasher: Saudi Basic Industries Corporation (SABIC) has teamed up with Dubai-based AstroLabs as well as strategic partners to launch the Mega Green Accelerator which will endorse startups in the MENA region in climate-related fields. The new …
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10 December 2023 04:47 PM Saudi stc leads innovation hub project with GCC Telco Alliance; listed firms included
Riyadh – Mubasher: Saudi Telecom Company (stc) has announced the Sustainability Innovation Hub as part of its collaboration with GCC Telco Alliance members, which include leading telecom operators from Saudi Arabia, the UAE, Bahrain, Oman, and …
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7 December 2023 00:36 PM Travellers through Kuwait International Airport now offered multi-currency ATM by KIB
Mubasher: The listed Kuwait International Bank (KIB) has installed a new multi-currency ATM at the Kuwait International Airport to offer a smoother and more integrated experience for its customers without the need to visit any of the KIB’s …
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6 December 2023 03:53 PM UAE’s FAB commits AED 500bn as largest sustainable financing by MENA bank
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) announced plans to lend, invest, and facilitate more than AED 500 billion ($135 billion) in sustainable and transition financing by 2030. The target marks an 80% increase compared with FAB’s 2021 …