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23 September 09:29 AM

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15 minutes ago Arada enter UK market via acquisition of 75% stake in Regal
UAE - Mubasher: Dubai-based master developer Arada has completed the acquisition of a 75% stake in Regal, one of London’s leading residential-led mixed use developers, according to a press release. Arada has also committed an initial GBP 500 …
Global Economy
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1 hour ago World Bank inaugurates regional office in Riyadh
Riyadh - Mubasher: The World Bank has opened a new regional hub in Riyadh to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region, according to a press release. The Riyadh hub will be co-located with the World Bank …
Global Economy
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22 September 02:22 PM Orascom Construction, OCI Global eye merger to establish global infrastructure, investment platform
Mubasher: OCI Global and Orascom Construction are pursuing a potential merger to establish a global infrastructure and investment platform headquartered in Abu Dhabi. Under the merger, the two entities intend to build a diversified platform …
Global Economy
Rami Suliman and Ahmed Banafa, Founders of Bynow
22 September 10:27 AM Merak Capital invests $1.2m in Bynow to foster regional expansion
Riyadh - Mubasher: Merak Capital has invested $1.20 million in Saudi fintech Bynow to boost product development and regional expansion. The funding will allow Bynow to streamline business-to-business (B2B) payments in line with Saudi Vision 2030 …
Companies Investments
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22 September 08:57 AM Saudi P2P lending platform MoneyMoon secures $2.9m pre-series A round
Riyadh - Mubasher: MoneyMoon has closed a $2.90 million (SAR 11 million) pre-series A round led by Core Vision, with backing from family offices and angel investors. The funding will enhance technology, expand access to instant short-term …
Global Economy
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22 September 08:34 AM Najm, Elm forge partnership at Money20/20 Middle East conference
Riyadh - Mubasher: Najm for Insurance Services has signed a cooperation deal with Elm Company on the sidelines of the Money20/20 Middle East conference to enhance the quality of services provided to beneficiaries. The two parties will join forces …
Global Economy
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21 September 03:46 PM Valu, MobileMasr launch Egypt’s 1st P2P BNPL solution
Cairo - Mubasher: U Consumer Finance (Valu)  has joined forces with MobileMasr to launch the first peer-to-peer (P2P) buy-now, pay-later (BNPL) service for pre-owned smartphones in Egypt, according to a press release. The services enable …
Companies Investments
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21 September 01:58 PM Sindbad Tech closes SAR 18m seed round during Money 20/20 Middle East
Riyadh - Mubasher: Saudi fintech Sindbad Tech has raised SAR18 million ($4.80 million) in a seed round led by Alkhabeer Capital on the sidelines of the Money 20/20 Middle East conference. The funding will be used to scale its fintech solutions, …
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21 September 01:01 PM UAE-based Armoir closes $500,000 seed to boost global reach
UAE - Mubasher: Luxury luggage startup Armoir has raised $500,000 in a seed funding round led by Salica Oryx Fund, with participation from Plus VC and global angel investors. The funds will be used to launch new collections, expand across the MENA …
Companies Investments
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21 September 10:14 AM Saudi Arabia UAE lead space investments in GCC with $663m
Mubasher: Saudi Arabia, the UAE, and Qatar topped the GCC region’s civil space investments, contributing to the region’s emergence as a hub for space innovation and ambition. The Middle East and Africa (MEA) space market is valued at $18 billion, …
Companies Investments
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21 September 09:06 AM Alnima Bank invests in MENA-focused Qashio to enhance financial solutions
Riyadh - Mubasher: Alinma Bank has invested in UAE-based fintech Qashio in line with its commitment to providing advanced services and digital financial solutions to enhance operational efficiency. The partnership will focus on developing a …
Global Economy
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21 September 08:34 AM Saudi Nadrah joins UNION Technologies’ $51.3m funding round
Riyadh - Mubasher: US-based advanced manufacturing firm UNION Technologies has raised $51.30 million in financing to expand its software-driven munitions production platform. The transaction witnessed participation from strategic investors, …
Global Economy
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18 September 06:42 PM Saudi Arabia included in JP Morgan GBI-EM watchlist
Riyadh - Mubasher: Saudi Arabia has been added to JP Morgan’s government bond index for emerging markets (GBI-EM) watchlist, recognizing the Kingdom’s efforts to deepen market liquidity and attract global investors. The inclusion is expected to …
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Shubham Poddar, Founder and CEO of Amaani
18 September 12:28 PM UAE’s Amaani raises $3m seed funding to launch Arab beauty brand globally
UAE - Mubasher: UAE-based beauty and wellness platform Amaani has raised $3 million in seed funding led by Peak XV’s Surge, according to a press release. The company will use the investment for beauty brand, AÏZA, scaling its business across the …
Global Economy
Malik Alyousef, Co-founder and Chief Operating Officer at Mozn
18 September 11:11 AM Mozon rolls out Payment Intelligence at Money 20/20 Middle East conference
Mubasher: Mozn, a regional leader in enterprise AI technologies, has launched Payment Intelligence, a new product within its flagship FOCAL Enterprise Fraud Management platform, at the Money 20/20 Middle East conference. Payment Intelligence …
Global Economy
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18 September 09:33 AM Halan UAE, Lean Technologies partner to expand credit access in GCC
Mubasher: Halan UAE, part of Egypt and MENA’s first fintech unicorn MNT-Halan, has partnered with Lean Technologies to leverage open banking technology and expand credit access for individuals and small businesses across the GCC. The partnership …
Global Economy
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18 September 08:10 AM Mastercard, HyperPay collaborate to reshape region’s business payments landscape
Mubasher: Mastercard forged a partnership with HyperPay to accelerate the digital transformation of the Saudi commercial payments landscape, according to a press release. The two parties will join forces to enhance business payments across the …
Banking and Finance
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18 September 06:51 AM Mashreq launches digital retail bank in Pakistan to boost global financial ecosystem
Dubai – Mubasher: Mashreq Bank has officially launched its full-service digital retail bank in Pakistan, marking the first full-scale international deployment of Mashreq’s digital banking platform outside the UAE. Mashreq Bank Pakistan’s …
Companies Investments
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18 September 06:49 AM Emirates Islamic offers world's 1st sustainability-linked financing Sukuk of $500m
Dubai – Mubasher: Emirates Islamic Bank has successfully priced a $500 million sustainability-linked financing Sukuk, the first globally. The Sukuk attracted a strong demand with $1.20 billion and was oversubscribed 2.4 times, according to a press …
Sukuk and Islamic Finance
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17 September 04:33 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 …
Global Economy
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17 September 02:57 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 12:08 PM 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 09:37 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 12:54 PM 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 10:17 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