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6 minutes ago Valu to launch in Jordan in 2024, halts Saudi expansion plans
Cairo – Mubasher: MENA’s leading financial technology (FinTech) platform Valu plans to launch its business in Jordan in 2024 as part of its strategic expansion plan, according to a press release. Valu seeks to secure a strong market presence in …
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28 September 04:01 PM Region-focused MENAISCO acquired by Energy Capital Group
Riyadh – Mubasher: Multi-business group MENA Industrial Services Company (MENAISCO) has been fully acquired by investment company Energy Capital Group (ECG), which is headquartered in the capital of Saudi Arabia. With a track record exceeding 40 …
AC3D's 3D printer in Jebel Ali Industrial Area
28 September 01:08 PM Gulf region sees launch of US construction 3D printing tech firm
UAE – Mubasher: Delaware-headquartered startup AC3D has launched its operations in the UAE to serve the GCC region, with an objective of making the construction sector greener, cheaper, and faster. AC3D, which develops an integrated construction …
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27 September 02:35 PM UAE to have MENA’s largest valve manufacturing facility upon deal with Chinese firm
UAE – Mubasher: Abu Dhabi Department of Economic Development (ADDED) has teamed up with Shanghai-based valve manufacturer MT Group to establish the biggest valve manufacturing facility in the MENA region in addition to attracting more Chinese …
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27 September 01:32 PM Region-focused Cypherleak secures investment to expand operations
Mubasher: Cyber risk monitoring and scoring startup Cypherleak has closed a $750,000 seed round to help drive its expansion across the Middle East and Africa (MEA) while working on inaugurating an African regional office in Morocco. The firm …
1st Investor
27 September 11:09 AM Mubasher Global launches 1st Investor competition in US market
Mubasher: Under the sponsorship of Mubasher Global, the 1st Investor Competition for traders in the US stock market will kick off next month, from 2 until 31 October 2023. Registration for Mubasher’s U.S. markets Virtual Stock Trading Competition …
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26 September 02:24 PM UAE dominates London Business School’s MENA Startup Competition
Mubasher: The second London Business School’s (LBS) MENA Startup Competition 2023 witnessed a strong UAE presence in the finals following a three-month selection process, according to a press release. Five out of 10 seed-stage startups joined from …
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26 September 12:40 PM Visa eyes regional expansion, inaugurates new office in Egypt
Mubasher: Global digital payments leader Visa has opened a new office in Egypt in addition to announcing plans to expand its operations across the North Africa, Levant, and Pakistan (NALP) region, according to a press release. Egypt’s new …
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24 September 04:09 PM Egypt to host AIIB Annual Meeting for 1st time in Africa
Cairo – Mubasher: The eighth edition of Asian Infrastructure Investment Bank’s (AIIB) annual meeting will be held in Africa for the first time as Egypt will host the two-day event on 25 September 2023 under the theme Sustainable Growth in a …
1st Invstor
24 September 02:44 PM Mubasher Global launches 1st Investor contest to support investing in EGX
Mubasher: Mubasher Global is launching the Egyptian Exchange (EGX) Virtual Stock Trading Competition – Season 9, where participants will be getting a virtual amount equivalent to EGP 100,000 to start actual trading. The one-month contest, which …
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21 September 01:52 PM Tarabut Gateway unveils rebranding to back innovation in financial industry
Mubasher: MENA’s leading open banking platform Tarabut Gateway has announced a rebrand to Tarabut, according to a press release. The brand refresh boosts the company’s objectives to reshape open banking and connect the entire financial ecosystem …
Founders of Fuze
21 September 12:49 PM UAE-based digital assets startup Fuze secures largest funding in MENA
UAE – Mubasher: Abu Dhabi-headquartered digital assets infrastructure provider Fuze has raised $14 million in a Seed funding round, according to a press release. The fundraising, which will be used to back the startup’s growth, marks the largest …
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21 September 09:05 AM MENA-focused ADES Holding’s IPO implies over $4bn valuation
Riyadh – Mubasher: ADES Holding Company, a leading oil and gas drilling and production services provider in the MENA region, set the final offer price for its initial public offering (IPO) on the Saudi Exchange (Tadawul) at SAR 13.50 per share. …
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20 September 12:22 PM International Investor Roadshow to launch in Singapore as DFM makes debut
Dubai – Mubasher: The third edition of the International Investor Roadshow will kick off for the first time in Singapore on 27-28 September, organised by Dubai Financial Market (DFM) which brings the event in a first to the island city state. The …
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19 September 01:57 PM Careem, Sultan partner to endorse ride service in Kuwait
Mubasher: The region’s ride-hailing app Careem has teamed up with retail grocery chain Sultan Center to offer exclusive discounts on Careem rides to and from Sultan’s 18 locations in Kuwait. Under the partnership, Careem customers will be entitled …
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19 September 10:03 AM Burjeel Holdings partners with Oracle Health to enhance healthcare in MENA
Abu Dhabi – Mubasher: Burjeel Holdings has awarded Oracle Health a contract valued at AED 125 million, according to a press release. The ADX-listed group will leverage Oracle Health’s Electronic Medical Record (EMR) solution, enabling the …
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18 September 02:34 PM COP28 names Kuehne+Nagel as freight forwarding, logistics partner
Mubasher: COP28, the 2023 UN Climate Change Conference, has appointed global provider of logistics services Kuehne+Nagel as its official freight forwarding and logistics partner. Kuehne+Nagel will be responsible for managing all logistics …
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13 September 12:22 PM Toko, Virtuzone to launch Dubai's 1st tokenised equity crowdfunding platform
Mubasher: Toko has partnered with Virtuzone to develop the first tokenised equity crowdfunding platform in Dubai, according to a recent press release. By deploying blockchain technology, the collaboration with Virtuzone will transform early-stage …
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12 September 03:42 PM Region-focused Pulsar Capital acquires TruDoc to accelerate growth, endorse telehealth sector
UAE – Mubasher: Pulsar Capital, a regional private equity firm focusing on the healthcare, e-commerce, and fintech sectors, recently acquired UAE-based TruDoc which is specialised in telehealth and virtual primary care services. Through the …
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12 September 03:23 PM Saudi Cenomi Retail partners with MENA’s Tabby to offer seamless payment solutions
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) has entered into a long-term strategic partnership with MENA’s leading shopping and financial services app Tabby to provide seamless payment solutions. The collaboration marks the …
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10 September 03:36 PM Medlab Middle East 2023 sees record-breaking deals; more visitors expected in 2024
Mubasher: The 2023 edition of Medlab Middle East exhibition witnessed a record-breaking amount worth AED 1.90 billion that was secured by deals during the four-day laboratory showcase, organiser of the event Informa Markets announced. Meanwhile, …
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10 September 01:59 PM UAE Carbon Alliance plans $450m purchase of African carbon credits by 2030
UAE – Mubasher: The UAE Carbon Alliance intends to pledge an indicative intended purchase amounting to $450 million in African carbon credits by 2030. The targeted purchase is a result of a recent non-binding Letter of Intent between the UAE …
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7 September 05:07 PM UK’s digital logistics firm Zencargo to expand in MENA via operations in UAE
Mubasher: Zencargo, a British company focusing on digital freight forwarding, plans to use the UAE as a platform to expand its operations into the MENA region as well as South Asia. The UAE Ministry of Economy elaborated that Zencargo will …
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6 September 05:09 PM Kia reinforces MEA regional team with 2 key appointments
Mubasher: Kia Middle East and Africa )MEA) has named two new Vice Presidents, boosting its regional team, according to a press release. Yaser Shabsogh assumed his role as Vice President (VP) of Commercial Operations, while Ahmed Soudodi was named …
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6 September 04:48 PM Pharmaconex 2023 concludes in Egypt; Informa Markets to take event abroad for 1st time
Cairo – Mubasher: Leading hub of pharmaceutical manufacturers in Africa the Pharmaconex Exhibition concluded in Egypt on 5 September 2023 after it succeeded in attracting 7,000 visitors. More than 220 local and international companies, including …