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1 December 2024 10:15 AM NIO fuels MENA expansion plans via Abu Dhabi office
UAE – Mubasher: NIO House launched its first office in Abu Dhabi, boosting its expansion across the MENA region, according to a press release. NIO, a leader in the premium smart electric vehicle market, found its home on Al Maryah Island. The …
Companies Investments
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28 November 2024 11:13 AM Lulu Retail widens operations in Saudi market via Al Fakhriyah store
Abu Dhabi – Mubasher: Lulu Retail Company has scaled up business in Saudi Arabia through the inauguration of a new Al Fakhriyah store in Dammam, according to a press release. This follows the opening of 12 new stores in the first nine months (9M) …
Global Economy
Arif Amiri, Chief Executive Officer of DIFC Authority
28 November 2024 10:30 AM Bank of Communications expands global expansion via DIFC branch
Mubasher: China-based Bank of Communications Company Limited (BOCOM) has expanded its global reach by setting up in Dubai International Financial Centre (DIFC), according to a press release. Bank of Communications has launched its new office in …
Companies Investments
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28 November 2024 10:04 AM GFH’s OUTLIVE to boost transformative developments across MENA
Mubasher: GFH Financial Group has launched OUTLIVE in Cityscape, which will operate across the MENA region and Europe. The innovative real estate developer is set to create mixed-use projects with a focus on health and well-being, according to a …
Global Economy
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27 November 2024 09:01 PM Omoda Jaecoo chooses UAE as Middle Eastern hub for upcoming operations
UAE – Mubasher: Automotive brand dedicated to pioneering the future of travel OMODA & JAECOO (Omoda Jaecoo) has decided to take the UAE as its Middle Eastern hub for upcoming market operations with the official launch in the UAE in January 2025. …
Companies Investments
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27 November 2024 06:06 PM ADNOC launches XRG with enterprise value exceeding $80bn, platforms to meet global demand
UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) has launched XRG to be a groundbreaking international lower-carbon energy and chemicals investment company with an enterprise value of more than $80 billion, according to an official …
Companies Investments
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27 November 2024 02:50 PM Egypt Energy launches to highlight growth in MENA’s renewables market; FIREX kicks off
Cairo – Mubasher: The 33rd edition of Egypt Energy and the fourth edition of FIREX Egypt launched as a joint new platform for innovation in the region on 26 November 2024 at the Egypt International Exhibition Center in Cairo. The MENA region's …
Global Economy
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27 November 2024 01:57 PM Leading UAE banks invest in LoanBook to boost loan syndication across EMEA
Dubai – Mubasher: The two listed UAE lenders Emirates NBD and Mashreq Bank unveiled their strategic investment in NewBridge Fintech Solutions, the owner of EMEA-focused LoanBook which serves as next-generation platform digitising the syndicated …
Global Economy
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26 November 2024 01:49 PM e& enterprise, Cloudera to drive digital transformation across Middle East
Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, entered into a strategic partnership with Cloudera, the only true hybrid platform for data, analytics, and AI. The two entities aim to accelerate digital transformation by …
Companies Investments
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26 November 2024 00:58 PM Fastex expands Web3 presence in MENA with Dubai office
UAE – Mubasher: Fastex, a fast-growing cryptocurrency exchange and trading platform, has scaled up its expansion strategy in the MENA region, according to a press release. The Web3-driven solutions ecosystem inaugurated its office in the Dubai …
Companies Investments
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26 November 2024 09:48 AM Eurowings expands regional presence with new routes to Saudi Arabia, Egypt
Mubasher: Eurowings, the value airline of Lufthansa Group, added new routes in its 2024/25 winter flight schedule to expand connectivity between the Middle East and Northern Africa from German cities. The airline plans to double its flights to …
Global Economy
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25 November 2024 04:02 PM MENA-focused PayTabs Egypt to transform digital investments via new partnership
Cairo – Mubasher: PayTabs Egypt, MENA’s leading payments powerhouse, announced today a strategic partnership with Azimut, Egypt's leading multinational investment manager. This collaboration will enable Azimut customers to top-up their trading …
Banking and Finance
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25 November 2024 10:00 AM UK-based Watercycle expands business to MENA via $5.6m funding round
Mubasher: UK-based climatetech Watercycle Technologies has closed a $5.60 million Series A investment round led by Par Equity, according to a press release. The funding will enable Watercycle to enter the MENA region and commercially deploy its …
Companies Investments
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24 November 2024 00:31 PM Egypt’s ariika fuels expansion plans in MENA via $3m funding
Cairo – Mubasher: Egypt-based furniture e-commerce platform ariika has raised $3 million in Series A extension round led by Beltone Venture Capital and UAE-based Citadel International Holdings. The new capital is expected to fuel ariika’s local …
Companies Investments
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24 November 2024 09:43 AM PIF’s Jada unveils investment in SEEDRA Ventures to back MENA’s early-stage companies
Riyadh – Mubasher: Jada Fund of Funds has invested in SEEDRA Ventures Fund II to support the growth and development of early-stage companies across diverse sectors in Saudi Arabia and the MENA region. This move aligns with Jada’s objectives to …
Companies Investments