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18 September 04:26 AM

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17 September 03:41 PM Egypt’s Go Bus to expand fleet with EUR 10.6m financing from EBRD
Cairo - Mubasher: Go Bus for Transport, Egypt’s first privately owned inter-city bus company, will launch an inter-city electric bus fleet with a EUR 10.60 million loan from the European Bank for Reconstruction and Development (EBRD). The …
Banking and Finance
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17 September 03:33 PM Egypt’s healthtech Duaya unveils GCC expansion plans following acquisition of EXMGO
Cairo - Mubasher: Egypt-based healthtech Duaya has acquired EXMGO, a SaaS provider for pharmacies and medical businesses, in a six-figure investment transaction. The deal marks a new milestone in advancing pharmacy digitization and strengthening …
Companies Investments
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17 September 01:57 PM Riyadh-based Spare raises $5m pre-Series A funding to fuel expansion in GCC
Riyadh - Mubasher: Saudi fintech Spare has secured $5 million in a pre-Series A round led by anb Seed Fund, with participation from 500 MENA, Vision Ventures, SEEDRA Ventures, MEVP, Boubyan Ventures, and others. The new funding will be used to …
Global Economy
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17 September 11:08 AM Oumla secures $2.4m funding round to expand regional business
Riyadh – Mubasher: Saudi startup Oumla has raised a $2.40 million seed round led by Core Vision, with participation from Avalanche and angel investors, according to a press release. The funds will be used to expand the company’s team and reinforce …
Companies Investments
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17 September 09:58 AM DP World Egypt, Elsewedy Industrial Development create $29m cold storage facility
Mubasher: DP World Egypt joined forces with Elsewedy Industrial Development to establish an advanced cold storage facility in Al Oula Industrial City in 6th of October, with an investment of $29 million (EGP 1.42 billion). Under the signed …
Companies Investments
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17 September 08:55 AM Aman Holding, partners launch EGP 5bn vehicle financing initiative with Nissan Egypt
Cairo - Mubasher: Aman Holding, a 76%-owned subsidiary of Raya Holding for Financial Investments, has entered into a partnership with Bokra Holding, Rehla Rides (Arrw), and Nissan Egypt to provide financial facilities exceeding EGP 5 billion. The …
Companies Investments
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17 September 08:37 AM Space42, Viasat to launch Equatys JV for global D2D 5G service
Abu Dhabi- Mubasher: Space42 and Viasat, a global leader in satellite and secure communications, plan to form a joint venture (JV) to provide direct-to-device (D2D) services and upgrade mobile satellite services (MSS) to 5G. The venture, known as …
Global Economy
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16 September 11:54 AM Saudi Hala closes $157m Series B round co-led by PIF’s Sanabil Investments
Riyadh - Mubasher: Saudi fintech HALA secured $157 million in a Series B funding round led by The Rise Fund, TPG’s global impact investing strategy, and Sanabil Investments, a Public Investment Fund (PIF) company, according to a press release. The …
Banking and Finance
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16 September 09:17 AM Sohar International backs Oman-GCC energy project via $500m financing
Mubasher: Sohar International has signed a $500 million financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the Oman-GCC electrical interconnection project. The venture is a major infrastructure …
Global Economy
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16 September 07:58 AM Tamara secures $2.4bn facility at Money 20/20 Middle East conference
Riyadh - Mubasher: Tamara, Saudi Arabia’s first homegrown fintech unicorn, has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from Goldman Sachs, Citi, and Apollo funds. The transaction refinances and …
Banking and Finance
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16 September 07:46 AM Jamjoom Pharma partners with Bio-Thera to secure Cosentyx biosimilar in MENA
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has signed a strategic commercialization agreement with Bio-Thera Solutions Limited, a global biopharmaceutical firm specializing in innovative therapies and biosimilars. …
Companies Investments
flydubai and TAROM
15 September 06:33 PM flydubai grows international network through partnership with TAROM
UAE – Mubasher: Dubai-based carrier flydubai has entered into a strategic interline agreement with TAROM, Romania’s flagship carrier, to increase its global reach. The UAE carrier will provide its passengers with seamless access to 15 destinations …
Global Economy
Visa Middle East
15 September 06:14 PM Visa initiates regional product in UAE for high-net-worth individuals
Mubasher: Global digital payments player Visa has launched Visa Private, an exclusive premium offering tailored for high-net-worth individuals (HNWIs), in the UAE before a wider reach in the region. The product targets HNWIs who seek a level of …
Global Economy
ALEC Holdings
15 September 02:57 PM ALEC Holdings plans to float 20% of share capital on DFM; operations focused in GCC
Dubai – Mubasher: ALEC Holdings intends to list 20% of its share capital on the Dubai Financial Market (DFM) through an initial public offering (IPO), with the IPO subscription period expected to run from 23 to 30 September 2025. The Investment …
Real estate
The Arab Energy Fund
15 September 01:38 PM Arab Energy Fund announces $600m issuance with competitive pricing
Riyadh – Mubasher: MENA-focused The Arab Energy Fund (TAEF), formerly known as APICORP, recently delivered a $600 million long five-year issuance that was priced at SOFR +75 basis points (bps). The transaction represents the fourth successful …
Bonds
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14 September 12:25 PM Saudi Arabia to host Money 20/20 Middle East conference
Riyadh - Mubasher: Saudi Arabia is set to host the “Money 20/20 Middle East” conference from 15 to 17 September 2025 at the Riyadh International Convention and Exhibition Center, with the participation of leading figures from the financial and …
Global Economy
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14 September 08:16 AM GCC-focused VentureSouq concludes 2nd fintech fund to expand in MENA
Mubasher: GCC-based venture capital firm VentureSouq has closed its second FinTech Fund (FinTech Fund II), anchoring its position as a leading early-stage investor in the MENA region, according to a press release. The transaction was supported by …
Companies Investments
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14 September 08:08 AM Germany-based Phoenix Contact expands into Saudi Arabia with new subsidiary
Riyadh - Mubasher: Germany-based Phoenix Contact, a global leader in industrial automation and connectivity, has established Phoenix Contact Trading LLC in Riyadh. The move marks a key step in its regional expansion and alignment with Saudi …
Companies Investments
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14 September 08:05 AM EFG Hermes leads Orascom Construction’s listing on ADX
Cairo – Mubasher: EFG Hermes, a unit of EFG Holding, concluded advisory for its role as listing and financial advisor to Orascom Construction on its listing on the Abu Dhabi Securities Exchange (ADX). The trading of Orascom Construction’s shares …
Companies Investments
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14 September 07:59 AM CBE offers EGP 55bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 55 billion through two tranches on Sunday, 14 September. With a maturity period of 91days until 16 December 2025, the first issue was …
Banking and Finance
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11 September 08:14 PM DAR Global becomes 1st in Middle East to transfer shares on London Stock Exchange
Riyadh – Mubasher: Saudi-born international luxury real estate developer Dar Global has transferred its ordinary shares to the equity shares category of the UK Financial Conduct Authority (FCA) official list, on 8 September 2025. The Saudi company …
Companies Investments
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11 September 06:22 PM Egyptian Resorts shifts to EGP 29.5m consolidated profits in H1-25
Cairo - Mubasher: Egyptian Resorts Company swung to consolidated net profits after tax valued at EGP 29.44 million in the first half (H1) of 2025, versus net losses of EGP 749.10 million in H1-24. The group generated operating revenues amounting …
Financial Results
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11 September 06:00 AM TERN Group raises $33m to boost GCC healthcare sector
UAE - Mubasher: TERN Group, an AI-powered global talent mobility platform for healthcare professionals, has raised $24 million in Series A funding, according to a press release. This investment positions the group at the center of the Gulf’s …
Companies Investments
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11 September 05:57 AM Two Egyptian foundations commit EGP 200m to boost sustainable development
Cairo - Mubasher:  The Sawiris Foundation for Social Development (SFSD) and the Essam & May Allam Foundation for Sustainable Development entered into a four-year agreement valued at EGP 200 million. Launched under the theme Grounded in Evidence, …
Companies Investments
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11 September 05:54 AM Egypt's monthly inflation rate down to 10.7% in August -CBE
Cairo – Mubasher: The annual core consumer price index (CPI) inflation of Egypt plummeted to 10.7% in August 2025 from 11.6% in July 2025, according to the Central Bank of Egypt (CBE). The monthly core CPI inflation of Egypt stood at 0.1% in …
Central Banks