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29 January 01:21 AM

Renault appoints VW executive as new CEO

​​​​​​​Mubasher: French Automaker Renault on Tuesday named former Volkswagen executive Luca de Meo as new CEO, according to the New York Times.
Rising concerns over coronavirus weigh on global auto industry  
Chinese health insurance seen to surpass $136.6bn in 2022–GlobalData
UD Trucks sales in the UAE increased by 10% annually
UD Trucks spurs regional growth on new partner in Saudi Arabia
Saudi Arabia is the UAE’s most prominent partner in the GCC
Saudi citizens, banks invest AED 10.93bn in UAE in 2018
Oilfields used 8.9 BCM of natural gas
Oman’s natgas output, imports hit 42.2 BCM in Nov. 2019
Qatar Arab Global Commodities
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Volume 81,682,116 Turnover 180,507,917 No. of Trades: 4,778
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Last Update: 28 January 01:14 PM
Latest News
Renault appoints VW executive as new CEO Global Markets brief
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Rising concerns over coronavirus weigh on global auto industry   Global Reports
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Juniper Networks revenue rises 4% in 2019 Global Reports
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Chinese health insurance seen to surpass $136.6bn in 2022–GlobalData Global Markets brief
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India expects fall in tax revenues Global Reports
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UD Trucks sales in the UAE increased by 10% annually
UD Trucks spurs regional growth on new partner in Saudi Arabia Macroeconomics
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Saudi Minister of Energy, Prince Abdulaziz bin Salman
Saudi Arabia monitors impact of coronavirus outbreak on oil market Global Economy
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Kuwait’s oil economy slipped by 1% in 2019
Kuwait’s GDP down to 0.7% in 2019 on lower oil sector growth – IMF Commodities
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Saudi Arabia is the UAE’s most prominent partner in the GCC
Saudi citizens, banks invest AED 10.93bn in UAE in 2018 Sector Reports
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Total Saudi merchandise exports slipped by 14.9% in November 2019
Saudi oil exports dip 15.4% in November - GaStat Sector Reports
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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
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 Sector Reports
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
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
The price of flight tickets soared more than 70%
UAE hotels to see record occupancy levels on Christmas holidays Macroeconomics
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 Event
Mohamed ElKasstawi as a speaker during RiseUp Summit 2019
ElKasstawi: Stock markets, gov’t can boost performance via digital money – Interview Global Economy
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Islamic Finance
CIAF Leasing will be the issuer of sukuk worth $50 million
CIAF Leasing, Talaat Moustafa to issue sukuk in 3 months Banking and Finance
Ministry of Finance
Saudi Arabia closes January Sukuk issuance Bonds
Mumtalakat’s CEO Khalid Al Rumaihi
Mumtalakat receives $4bn orders for $500m sukuk Banking and Finance
The Murabaha facility agreement was signed in June 2019
Alafco recieves last tranche of $600m Murabaha facility Banking and Finance
Order books were oversubscribed 2.5 times, exceeding $750 million
GFH raises $300m in Sukuk issuance; oversubscribed 2.5 times Companies Investments
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 Banking and Finance
The Sukuk issuance will have a tenor of five years
GFH confirms Reuters news on $500m Sukuk issue Companies Investments
Sukuk proceeds will be used to acquire real estate assets in Europe
First asset-backed SAR 1bn Sukuk launched in Saudi Arabia Real estate
Mumtalakat is set to hold meetings with investors
Bahrain’s SWF hires banks for USD-dominated sukuk issuance Banking and Finance
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Arab Markets
Egyptian exports to Tunisia reached $509.8m
Egyptian-Tunisian trade grows by $100m in 2019 Macroeconomics
The move will create opportunities for Egyptian drivers
Uber Egypt considers incorporating taxis in its services Companies Investments
The contenders include 16 int'l financial firms
Raya Holding receives 24 acquisition offers for subsidiary Companies Investments
The new stations will be built in diverse areas
Egypt to build 3,000 fast charging stations in three years Macroeconomics
Current account dropped to SAR 59.6bn in 2019
Saudi general reserve levels down by 4% YoY in 2019 Macroeconomics
Remittances grew by 2.2% YoY in December
Expats’ remittances in Saudi Arabia shrink to SAR 125.53bn in 2019 Banking and Finance
Renault appoints VW executive as new CEO Global Markets brief
ALAR will provide hydrogen to other clients in 2020
Air Liquide Arabia to supply hydrogen to Saudi Aramco Companies Investments
Egypt is a key market for GCC countries
Egypt’s annual tourism revenue may reach $30bn in five years Macroeconomics
An EBE branch
CI Ratings affirms EBE’s ratings; Outlook stable Ratings
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International Markets
Fear arises as Brexit impact on power sector still unclear
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
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