Author: Mahdeehassan

Manama, Bahrain – In a pioneering move set to reshape fintech innovation in the UAE, Mawarid Finance and Arab Financial Services (AFS) today signed a strategic agreement to launch an integrated Fintech Enablement Hub, a unified platform designed to empower fintechs with seamless access to regulated infrastructure and next-generation digital capabilities. This collaboration combines global technology leadership, BIN sponsorship, and advanced processing capabilities into one integrated framework. The initiative simplifies how fintechs bring card programs to market by merging scheme connectivity, issuing, processing, and enablement tools onto a single, frictionless platform. The partnership leverages Mastercard Product Express, a platform designed for fintechs,…

Manama, Bahrain – This week’s BD 70 million issue of Government Treasury Bills has been fully subscribed by 128% The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is 2nd July 2025, and the maturity date is 1st October 2025. The weighted average rate of interest is 5.42% compared to 5.37% of the previous issue on 25th June 2025. The approximate average price for the issue was 98.648% with the lowest accepted price being 98.628%. This is issue No.2076 (ISIN BH0001U368Z8) of Government…

SEOUL, SOUTH KOREA: New Murabba, a Saudi Arabian Public Investment Fund (PIF) company, has signed a Memorandum of Understanding with South Korean tech giant, NAVER Cloud Corporation, for its 14 sq km mixed-use urban destination development currently under construction in Riyadh, KSA. The agreement was signed by New Murabba CEO Michael Dyke, during the company’s Investment and Partnership Forum, taking place this week in Seoul, South Korea. The three-year agreement covers exploring innovative technology and automation to support the delivery of New Murabba, including robotics, autonomous vehicles, a smart city platform, and digital solutions for monitoring construction progress. Speaking in Seoul, New…

Dubai, United Arab Emirates – June 2025: BlendLab, a UAE-based technology company, has announced its upcoming release of Darven, an AI-powered legal platform purpose-built to support lawyers and legal institutions in the Arab region and beyond. Currently in its final development phase, Darven introduces a forward-looking solution that bridges modern legal practice with cutting-edge artificial intelligence. Designed to meet the practical needs of legal professionals, Darven combines legal reasoning with intelligent features such as AI-driven case analysis, automated document handling, and an interactive legal assistant — all tailored to adapt across regional and international jurisdictions. Hasan Ahmad, Founder and CEO…

Dubai, UAE: The UAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently – that is aimed at increasing the US$400 billion trade between China and the Arab world. Abdulla Albasha Alnoaimi, UAE Commercial Attaché to China and Zeng Zanrong, Member of the Standing Committee of the Shandong Provincial Party Committee and Secretary of the Qingdao Municipal Party Committee of the Chinese Communist Party, unveiled the Qingdao Overseas Integrated Service Centre (QOISC) at the China-Arab Business Forum held in Qingdao recently. Organised by the Qingdao Municipal People’s Government and China India Middle East and North Africa (CHIMENA) Business Council, the China-Arab Business Forum was co-hosted by…

Cairo: As part of its efforts to strengthen its presence and increase exports to African and Arab markets, and in line with the political leadership’s directives to increase export rates, Ateco Pharma Egypt, a leading pharmaceutical company in the field of medical solutions manufacturing, participated in Africa Health ExCon, which ran from June 25 to 27, 2025, with wide participation from local and international companies specializing in various medical sectors.Engineer Wahid Ateek, CEO of ATECO Pharma Egypt, confirmed that the company is participating in the exhibition as the first and largest pharmaceutical manufacturer in the Suez Canal Economic Zone, specifically in…

Dubai, UAE: The International Center for Biosaline Agriculture (ICBA) concluded a high impact and strategically coordinated presence at Eco Expo Central Asia 2025 in Tashkent, Uzbekistan. As the region’s foremost platform for environmental innovation, the expo brought together government leaders, scientists, and development institutions to advance collaborative climate action and sustainable solutions for fragile environments. As part of the broader recognition of ICBA’s contributions, the government of Uzbekistan awarded Dr. Al Zaabi, Director General of ICBA, the “Tabiat Himoyachisi” (Defender of Nature) badge of honor which was established by Resolution No. 443 of the Cabinet of Ministers of Uzbekistan. The badge…

RIYADH, Saudi Arabia, June , 2025: In the presence of H.E. Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority, Mawani — in collaboration with the National Center for Privatization — signed contracts to privatize multipurpose cargo terminals at eight Saudi ports under a Build-Operate-Transfer (BOT) model spanning 20 years. The agreements were signed with national partners Saudi Global Ports and Red Sea Gateway Terminal Company, with private sector investments exceeding SAR 2.2 billion. The signing ceremony was also attended by Mr. Mazen bin Ahmed Al-Turki, Acting President of Mawani; Eng. Abdullah…

Dubai, UAE – June, 2025: LG Electronics Gulf, a company specializing in consumer electronics and smart home technologies, has signed a Memorandum of Understanding (MoU) with Schneider Electric, a global leader in the digital transformation of energy management and automation, to explore joint innovations in the fields of smart living, sustainability, and energy efficiency. The MoU was signed by Amel Chadli, President of Gulf Countries, Schneider Electric and Sa Nyoung Kim, President of LG Electronics Gulf. As part of the collaboration, Schneider Electric’s digital platforms, including EcoStruxure and SpaceLogic KNX, will be integrated with LG’s advanced smart appliances and connected home systems.Advertise here.…

Rapidly growing company, led by serial entrepreneur, David Gurlé, completes seed round – led by Global Ventures, a leading VC firm in MENA – with participation from Inria, OneRagtime, Mi8, and business angels $800 billion cloud market, growing at 20% a year – amid accelerated demand for AI – is ripe for a European solution to lessen dependence on U.S. Cloud providers Cannes, France – PoliCloud (the “Company”), the rapidly-growing provider and developer of next-gen, sovereign, High Performance Computing (HPC) cloud infrastructure, announces its €7.5 million seed fundraise. The funding was led by Global Ventures, a leading VC firm in MENA,…