Qatar
Mubasher TV
 Contact Us Advertising   العربية
Qatar
QE Open
06 April 11:44 AM

North africa news

Photo Gallery
8 January 2025 10:00 AM MilkStraw AI fuels MENA expansion plans via Flat6Labs-led funding round
UAE – Mubasher: AI startup MilkStraw has raised $600,000 in pre-seed funding to boost its presence across the MENA region, according to a press release. The fundraising transaction was led by Flat6Labs, with participation from Angel Spark, Beyond …
Companies Investments
Photo Gallery
7 January 2025 04:32 PM Checkout.com, noqodi to drive digital transformation in MENA
Riyadh – Mubasher: Global payments solution provider Checkout.com  entered a strategic partnership with noqodi, a payment gateway and financial service provider, according to a press release. The collaboration aims to promote the payment …
Global Economy
Photo Archive
7 January 2025 03:59 PM CI Capital concludes 4 bond issuances with combined value of EGP 4.8bn
Cairo – Mubasher: CI Capital Holding for Financial Investments led four bond issuances for major companies and entities operating across various sectors in the Egyptian market at an aggregated value of EGP 4.80 billion. CI Capital closed the …
Banking and Finance
Photo Gallery
7 January 2025 01:49 PM Aramco’s venture arm leads Zension’s $30m series A Round
Riyadh – Mubasher: Wa’ed Ventures, the $500 million venture capital arm of Aramco, led a funding round for consumer electronics startup Zension Technologies. Zension secured $30 million in a series A Round to launch its new business vertical Zaam …
Global Economy
Photo Archive
7 January 2025 00:13 PM Egypt’s non-oil businesses fall in December amid rising costs; PMI reaches 48.1
Cairo – Mubasher: Egypt’s headline seasonally adjusted Purchasing Managers’ Index (PMI) fell from 49.2 in November 2024 to 48.1 last December, marking a decline in the non-oil private sector for the fourth month running.  The rate of deterioration …
Sector Reports
Photo Gallery
7 January 2025 10:41 AM SONGWON partners with Altek to expand business in Middle East
Mubasher: SONGWON Industrial Company Limited entered into a new distribution partnership with Altek International FZE in the Middle East to meet the region’s growing demands for sustainable PVC solutions. Through its Sub Business Unit PVC, SONGWON …
Global Economy
Photo Gallery
7 January 2025 10:11 AM Audiomob drives regional growth via HQ in Abu Dhabi
UAE – Mubasher: Audiomob launched its MENA headquarters (HQ) in Abu Dhabi to boost regional expansion plans, according to a recent press release. In collaboration with Abu Dhabi Gaming, Audiomob allows brands and artists to connect with global …
Companies Investments
Photo Gallery
6 January 2025 08:29 PM Qashio, Visa join forces to bolster travel payment solutions globally
UAE – Mubasher: Dubai-based fintech company Qashio has entered into a strategic partnership with Visa to launch the Visa Commercial Choice Travel programme for the first time in the region. With this innovative business-to-business (B2B) travel …
Companies Investments
Photo Gallery
6 January 2025 05:36 PM Oriental Weavers unveils new expansion of EGP 24m industrial plant
Cairo – Mubasher: Oriental Weavers Carpet has inaugurated the new expansion of the industrial wastewater treatment plant at the group's spinning factory, which features four consecutive treatment stages and has a capacity of 1,250 cubic metres per …
Companies Investments
Photo Gallery
6 January 2025 05:02 PM Registration, licensing authority set up to regulate business sector in Abu Dhabi
UAE – Mubasher: The Abu Dhabi Department of Economic Development (ADDED) has launched Abu Dhabi Registration and Licensing Authority (ADRA) to further enhance and regulate the business sector across the emirate, according to a press release. The …
Global Economy
Photo Archive
6 January 2025 11:53 AM CBE auctions EGP 9.5bn T-bonds, floating-rate note
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered fixed treasury bonds (T-bonds) at a value of EGP 8 billion through one trance on Monday, 6 January 2025. The semi-annual offering will mature in three years on 7 January 2028, according to …
Banking and Finance
Photo Gallery
5 January 2025 07:31 PM Jawad Developments to deliver Val Plaza units in Q1-26
Cairo - Mubasher: Jawad Developments Company is set to deliver its units in Val Plaza Mall in the first quarter (Q1) of 2026, according to a press release. Adel Abdel Jawad, Chairman of Jawad Developments, highlighted that Val Plaza is approaching …
Companies Investments
Photo Archive
5 January 2025 06:00 PM Egypt among top 10 African countries attracting private-sector investments
Cairo – Mubasher: Egypt was included among the top 10 African countries leading in private sector investments, according to Business Africa. In spite of the major challenges posed by Africa's infrastructure to economic growth and development, …
Sector Reports
Photo Gallery
5 January 2025 05:39 PM Ericsson launches CU Saudi Arabia to boost operations in Middle East, Africa
Riyadh – Mubasher: Ericsson has unveiled a new organisational structure for its operations in the Middle East and Africa (MEA) region that came effective on 1 January 2025, according to a press release. As part of the company's larger regional …
Companies Investments
Photo Archive
5 January 2025 11:30 AM CBE offers T-bills worth EGP 65bn on Sunday
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 65 billion through two tranches on Sunday, 5 January 2025. The first tranche stood at EGP 25 billion and will mature in 91 days on 8 April …
Macroeconomics
Photo Gallery
5 January 2025 10:55 AM Raya Holding’s unit enters Saudi market via partnership with Jarir
Cairo – Mubasher: Aman Holding, a subsidiary of Raya Holding for Financial Investment, penned a strategic partnership deal with Jarir Marketing Company (Jarir Bookstores) and Al Manea, according to a press release. This collaboration, which marks …
Companies Investments
Photo Archive
5 January 2025 10:13 AM DAE’s global expansion strategy anchored with 233 lease transactions in 2024
UAE – Mubasher: Dubai Aerospace Enterprise (DAE) signed 233 lease agreements, extensions, and amendments for 190 owned aircraft and 43 managed aircraft in 2024. The company acquired 83 aircraft, of which 30 were owned and 53 were managed and sold …
Sector Reports
Photo Archive
2 January 2025 11:21 PM Saudi Arabia expected to hike oil prices for Asia; Aramco raises diesel prices
Riyadh – Mubasher: Saudi Arabia is expected to raise crude prices for Asian buyers in February for the first time in three months, Reuters reported on Thursday. The February official selling price (OSP) for flagship Arab Light may increase by 20 …
Macroeconomics
Photo Gallery
2 January 2025 10:59 PM Qatar Airways expands global network, marks 11th connection in Saudi Arabia
Mubasher: Qatar Airways resumed its flight at Abha International Airport (AHB), on 2 January 2025, according to a press release. The airline will operate two weekly flights to Abha, offering connectivity on Qatar Airways’ extensive global network …
Companies Investments
Photo Archive
2 January 2025 06:05 PM Bahrain Bourse to apply Comprehensive Trading Incentive Scheme next month
Mubasher: Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain (CBB), will launch its Comprehensive Trading Incentive Scheme that will come into effect on 2 February 2025, according to a press release. The scheme aims to …
Trading Activities
Photo Gallery
2 January 2025 05:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included
Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …
Global Economy
Photo Archive
2 January 2025 03:16 PM India, Pakistan, Egypt top non-Emirati businesses joining Dubai Chamber of Commerce until 9M-24
UAE – Mubasher: Indian businesses and entrepreneurs acquired the majority of nationalities, non-Emirati companies list, joining the Dubai Chamber of Commerce during the first nine months (9M) of 2024 with 12,142 new firms. Pakistan ranked second …
Trade
Photo Archive
2 January 2025 02:50 PM Trade, investment, finance insurance operations in Arab states exceed $121bn in 2023 – Report
Mubasher: New commitments to insure investment, finance, and exports destined to Arab countries increased by 17% in 2023 to exceed $121 billion, which made the insured imports reach 9% of the total Arab merchandise imports during the same year, …
Sector Reports
Photo Archive
2 January 2025 07:29 AM Egypt's food industry exports hit $5.5bn in 11 months
Cairo – Mubasher: Egyptian food industry exports increased by 17% to $5.50 billion during the first 11 months of 2024, according to the Export Council for Food Industries. This is compared to exports valued at $4.70 billion to exports during …
Sector Reports
Photo Archive
2 January 2025 07:25 AM SVC unveils new investment to reinforce MENA’s tech landscape
Riyadh – Mubasher: Saudi Venture Capital (SVC) pumped investment in Global Ventures III, an early-stage venture capital fund managed by Global Ventures, with a fund size exceeding $150 million. The fund aims to target investing in technology and …
Companies Investments