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08 April 02:34 AM

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16 January 2025 04:40 PM Masdar enters Philippines market, expands production capacity
Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar) inked agreements with the government of the Philippines to develop 1 gigawatt (GW) of clean energy projects. The deals, which mark Masdar’s entry into the Philippines market, aim to …
Global Economy
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16 January 2025 02:54 PM Saudi Arabia seen as global mining hub upon major agreements at FMF 2025
Riyadh – Mubasher: The fourth edition of the Future Minerals Forum (FMF) witnessed four strategic announcements to foster Saudi Arabia’s position as a global leader in the mining and minerals sector. In line with the Saudi Vision 2030, the …
Companies Investments
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16 January 2025 01:58 PM ExxonMobil Egypt unveils gas-bearing reservoirs in North Marakia block
Cairo – Mubasher: ExxonMobil Egypt (Upstream) Limited announced the discovery of gas-bearing reservoirs in North Marakia block, according to a press release. The reservoirs were encountered after completing the drilling of the Nefertari 1 well in …
Global Economy
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16 January 2025 01:27 PM OPEC Fund commits $30m for Africa’s largest wind power project
Cairo - Mubasher: The OPEC Fund for International Development unveiled $30 million investments to co-finance Africa’s largest onshore wind power project, according to a press release. The financing includes the development of two 550 megawatts …
Companies Investments
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16 January 2025 00:15 PM CBE auctions EGP 80bn T-bills on Thursday
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 80 billion through two offerings on Thursday, 16 January 2025. The first auction was valued at EGP 35 billion, with an 182-day maturity …
Central Banks
Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef
16 January 2025 11:31 AM Mineral wealth security needed to drive global energy transition – Alkhorayef at FMF 2025
Riyadh – Mubasher: Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, urged securing supply chains for critical minerals across the region spanning Africa to West and Central Asia to boost global energy transition. …
Global Economy
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16 January 2025 10:02 AM Tech investments expected to transform mining industry – Saudi ministers during FMF 2025
Riyadh – Mubasher: Saudi Minister of Finance, Mohammed bin Abdullah Al Jadaan, asserted the need to boost investments in the mining sector, Saudi Press Agency (SPA) reported. During the fourth edition of the Future Minerals Forum (FMF), Al Jadaan …
Global Economy
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16 January 2025 08:58 AM Badawi unveils Egypt’s plans to reshape gold mining sector during FMF 2025
Cairo – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi stressed the state’s commitment to explore the potential of gold mining, according to an official statement. On the sidelines of the fourth edition of the Future …
Global Economy
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15 January 2025 05:06 PM Egypt’s petroleum minister discusses bilateral cooperation with Saudi AHQ
Riyadh – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with Sheikh Tareq Abdel Hadi Al Qahtani, Chairman of Abdel Hadi A. Al Qahtani & Sons Group of Companies (AHQ), during the In-Kingdom Total Value Add (iktva) …
Companies Investments
Nasir Al Naimi, Aramco Upstream President
15 January 2025 04:45 PM Aramco, Ma’aden announce transition minerals JV at FMF 2025
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Saudi Arabian Mining Company (Ma’aden) signed non-binding heads of terms to form a minerals exploration and mining joint venture (JV) in Saudi Arabia. The proposed JV plans were announced …
Event
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15 January 2025 02:17 PM Egypt plans to bolster mining activities, project – Badawi at FMF 2025
Cairo – Mubasher: Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi participated in the fourth edition of the Future Minerals Forum (FMF), according to an official statement. Held under the theme “Towards a Global General Agreement …
Global Economy
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15 January 2025 01:11 PM Egypt’s Raseedi acquires Kashat to widen financial offerings
Cairo – Mubasher: Egypt-based fintech Raseedi has acquired Kashat in an equity deal to expand its product offerings and introduce instant loans, according to a press release. The acquisition anchored Raseedi’s strategy to introduce underbanked …
Companies Investments
Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources
15 January 2025 11:43 AM Mining leads growing sectors globally with $2.5bn mineral potential – Alkhorayef at FMF 2025
Riyadh – Mubasher: Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, said the mining sector become one of the fastest growing sectors globally, with mineral potential estimated at $2.50 trillion. During the fourth edition of the …
Event
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15 January 2025 10:20 AM ASK Private Wealth expands global footprint via new DIFC office
UAE - Mubasher: ASK Private Wealth, the Wealth Management arm of Blackstone-backed ASK Asset and Wealth Management Group, has launched its operations in Dubai International Financial Centre (DIFC). The new office is expected to enable NRIs and …
Companies Investments
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15 January 2025 07:47 AM Saudi Arabia inks MoUs with 6 countries at Future Minerals Forum
Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources penned several memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth ministerial roundtable of the Future Minerals Forum (FMF). The …
Companies Investments
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14 January 2025 09:51 PM Future Minerals Forum set to unveil agreements worth billions at 4th edition
Riyadh – Mubasher: The highly-anticipated fourth edition of the Future Minerals Forum (FMF), which launched in the capital of Saudi Arabia on 14 January 2025, is expected to announce big agreements worth billions. The forum is featuring the …
Global Economy
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14 January 2025 06:37 PM MENA-focused Sigma Capital launches $100m fund to boost global Web3 ecosystem
Mubasher: Sigma Capital, a leading Web3 early-stage venture asset manager, has launched $100 million Sigma Capital Fund I to accelerate the next wave of Web3 innovation in the Middle East and globally. The launch aligns with the UAE’s vital role …
Companies Investments
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14 January 2025 05:48 PM CIRA Education launches Middle East’s 1st initiative for care economy
Cairo – Mubasher: Cairo for Investment and Real Estate Developments (CIRA Education) has launched CIRA Care to be the first initiative in the Middle East dedicated to revolutionising the care economy. The transformative project focuses on …
Companies Investments
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14 January 2025 05:02 PM Investindustrial launches office in Abu Dhabi to foster regional growth
UAE – Mubasher: Investindustrial, a leading European investment group with over €15 billion in raised fund capital, has inaugurated its Abu Dhabi office, to expand its regional business and back sustainable growth. Investindustrial has received …
Global Economy
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14 January 2025 04:09 PM GoDaddy rolls out digital tools to drive Egypt’s e-commerce sector
Cairo - Mubasher: GoDaddy offered a wide suite of AI-powered tools designed to streamline e-commerce, enhance marketing strategies, and boost visibility in a competitive market. The digital tools aim to drive e-commerce growth and marketing …
Companies Investments
Future Minerals Forum
14 January 2025 02:00 PM Future Minerals Forum 2025 kicks off in Saudi Arabia; international attendees partake
Riyadh – Mubasher: The Fourth Ministerial Roundtable meeting launched in Riyadh as part of the fourth edition of Future Minerals Forum (FMF), hosting government representatives from 90 countries of which 16 are G20 nations, according to a press …
Global Economy
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14 January 2025 11:51 AM Changan Automobile to expand regional, global business via AED 10bn investments
Mubasher: Changan Automobile signed a partnership agreement with EHang Holdings Limited to research and develop flying-car-related products in line with its plans to expand in the region. Holding a strong presence in the MEA region with cumulative …
Companies Investments
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14 January 2025 10:42 AM NMDC Energy expands regional presence via AED 200m facility in Saudi Arabia
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has inaugurated its fabrication yard in the Ras Al Khair Special Economic Zone in Saudi Arabia, with an investment value of AED 200 million. This launch …
Companies Investments
Founders of Halo AI
14 January 2025 08:37 AM Halo AI secures $6m funding to scale business across MENA
Riyadh – Mubasher: Saudi Arabia-based AI-powered networking platform Halo AI closed a $6 million Seed funding round led by Raed Ventures and Shorooq, along with other investors, according to a press release. The investment will fuel Halo AI's …
Companies Investments
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13 January 2025 05:05 PM DSI, El Amar Group to expand business in Egypt, Saudi Arabia
Dubai – Mubasher: Drake & Scull International (DSI) has entered into a strategic memorandum of understanding (MoU) with El Amar Group to collaborate on key initiatives across Egypt and Saudi Arabia. This partnership aims to leverage the strengths …
Companies Investments