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22 January 12:42 AM

Kia Motors to invest $25bn in EV development by 2025

Mubasher: Kia Motors Corporation announced its mid- to long-term strategy, ‘Plan S’, which aims to strengthen the company’s leading position in the future automotive industry.

Facebook to create 1,000 jobs in London this year
GlobalData sees positive outlook for construction industry in 2020
Finastra's solutions cover 90% of banks’ needs
Interview: We look to repeat Finastra Egypt Digital Trade Forum – Serge Tohme
Hong Kong’s card payments may top 1bn in 2020 -GlobalData
Swiss Nestlé to invest CHF 2bn in recycled plastics   
Jordan Arab Global Commodities
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Last Update: 21 January 12:30 PM
Latest News
Kia Motors to invest $25bn in EV development by 2025 Global Reports
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Facebook to create 1,000 jobs in London this year Global Markets brief
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New EU rules pose challenge for car manufacturers - GlobalData Global Reports
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GlobalData sees positive outlook for construction industry in 2020 Global Markets brief
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Hong Kong’s card payments may top 1bn in 2020 -GlobalData Global Markets brief
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Finastra's solutions cover 90% of banks’ needs
Interview: We look to repeat Finastra Egypt Digital Trade Forum – Serge Tohme Banking and Finance
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Swiss Nestlé to invest CHF 2bn in recycled plastics    Global Markets brief
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Huawei ranks 5th biggest investor in R&D globally Goods and Metals
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Oracle eases moving to cloud solutions Global Reports
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Toshiba’s CEO to add title of president in April 2020 Global Markets brief
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Mubasher Exclusive
Finastra's solutions cover 90% of banks’ needs
Interview: We look to repeat Finastra Egypt Digital Trade Forum – Serge Tohme Banking and Finance
Iron prices have dropped by EGP 300 per tonne since the beginning of the week
Iron prices to further decline as EGP levels up Commodities
Bahrain launched Cloud First Policy in 2017
Pakiza Abdulrahman: Gov’t leads cloud adoption in Bahrain; private sector is following – Interview
Startups do not repay the funding since it is a grant by Tamkeen
How can non-local startups get grants in Bahrain? – Interview with Pakiza Abdulrahman Sector Reports
Salma is the Arabic version of Google Home and Amazon Alexa
Story behind first Arabic voice assistant ‘Salma’ – Interview Companies Investments
Pakiza Abdulrahman, Manager of Business Development for Startups at EDB
Pakiza Abdulrahman: We encourage Egyptian startups to set up in Bahrain – Interview Central Banks
Vera Futorjanski during a panel at RiseUp Summit 2019
Vera Futorjanski: Startups must focus on solving local challenges – Interview Event
Credit Agricole is still developing SMEs portfolio and getting some resources
Antoine Paliard talks fintech innovation, startup contests – Interview Central Banks
Mohamed Okasha, Managing Director of Fawry
Interview: Fawry will use blockchain technology – Mohamed Okasha
Mohamed ElKasstawi as a speaker during RiseUp Summit 2019
ElKasstawi: Stock markets, gov’t can boost performance via digital money – Interview Event
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Islamic Finance
Talaat Moustafa Group logged net profits of EGP 1.37 billion in nine months
Talaat Moustafa Group to issue sukuk in April Sukuk and Islamic Finance
The board's decision was approved by circulation
Gulf Navigation’s board agrees on AED 125m Sukuk issue Sukuk and Islamic Finance
The Sukuk issuance will have a tenor of five years
GFH confirms Reuters news on $500m Sukuk issue Sukuk and Islamic Finance
Sukuk proceeds will be used to acquire real estate assets in Europe
First asset-backed SAR 1bn Sukuk launched in Saudi Arabia Companies Investments
Mumtalakat is set to hold meetings with investors
Bahrain’s SWF hires banks for USD-dominated sukuk issuance Sukuk and Islamic Finance
Saudi Capital Market Authority
CMA approves Alinma Saudi Government Sukuk ETF Fund Sukuk and Islamic Finance
GFH is a Bahrain-based company listed on 3 markets
GFH shareholders nod to $500m Sukuk issue General Assembly
The Sharia-compliant finance facility agreement has a duration of 8 years
Saudi Kayan Petrochemical agrees SAR 1.5bn deal with BSF Banking and Finance
Riyad Capital was the manager of the SAR 300 million Sukuk issuance
Bidaya Home Finance issues SAR 300 million Sukuk Sukuk and Islamic Finance
The value of the scheduled semi-annual redemption was SAR 147 million
AATSC announces Sukuk partial redemption Sukuk and Islamic Finance
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Arab Markets
Minya governor, Osama el Qady
Egypt gov’t to open EGP 2.66bn projects in Minya Macroeconomics
The bank funded around 450,000 projects in Egypt
World Bank provides $200m finance to Egyptian SMEs Banking and Finance
Saudi finance minister Mohammed al-Jadaan
Proceeds from Aramco’s IPO to finance industries in Saudi Arabia Macroeconomics
The CBE launched EGP 50bn initiative to support tourism
Egyptian gov’t to support tourism investors with EGP 300m Macroeconomics
Non-oil economy may grow by 2.8% this year
Bahraini economy to grow 2.3% in 2020 Macroeconomics
The CPI decreased by 0.1% YoY in December 2019
Abu Dhabi’s CPI falls 0.8% YoY in 2019 Macroeconomics
The two entities inked an MoU
SRC buys SAR 250m mortgage portfolio from Bank Aljazira Real estate
The facility will be used for a loan repayment
Palm Hills signs EGP 505m facility agreement with AUB Egypt Companies Investments
Remittance outflows to East Asia and the Pacific stands at $149 billion
MoneyGram joins forces with LuLu Money to boost Asia-Pacific expansion Companies Investments
Revenue dropped to EGP 215.52 million
Misr Hotels’ profit shrinks 5.6% YoY in H1-19/20 Financial Results
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International Markets
Uber, Hyundai team up to launch future Uber Air Taxis
The 2010s sets foundations for major breakthroughs in technology
Oil futures end 89 cents higher on Friday
Gold levels up $9 at Friday’s end, records weekly gain
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