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01 April 05:43 PM

Mubasher Exclusive

The company achieved revenues of AED 4.4 billion last year
24 March 07:19 PM DAMAC vows to deliver projects on time – VP Interview
Mubasher: DAMAC Properties aims at delivering all projects on time and considers expanding abroad across many markets, according to the company’s Senior Vice President, Niall McLoughlin. Discussing the company’s future plans, financial …
Companies Investments
DFMGI ended February at the level of 2,590 points
29 February 04:40 PM DFM records losses in February on coronavirus fears
Mubasher: The Dubai Financial Market (DFM) ended February’s trade on a large decline, with market capitalization losses amounting to AED 17.63 billion ($4.8 billion). The general index lost more than 7.2% or 200.4 points and closed at 2,590 …
Trading Activities
The UAE accounted for 26.6% of the fund’s investments by the end of 2019
29 February 03:12 PM Norway’s sovereign fund raises investments in GCC markets
Mubasher: Norway’s sovereign wealth fund, the largest in the world, increased its investments in the GCC region by 15.2% or $440 million by the end of last year. Official data showed that the fund’s investments in the region reached $3.33 billion …
Macroeconomics
The project is expected before the end of next June
26 February 03:43 PM UAE’s Arada plans new investment in Saudi Arabia in H1-20
Riyadh – Mubasher: Arada Real Estate Company plans to pump new investments in Riyadh by the end of the first half (H1) of the year, as it sees promising opportunities in the Saudi market. The UAE-based company is still in talks with Saudi …
Real estate
Photo Archive
18 February 10:20 AM Saudi oil exports down 10.75% in 2019
Riyadh – Mubasher: Saudi Arabia’s oil exports decreased by 10.75% last year, as shown by the Joint Organisations Data Initiative (JODI) figures. Total exports, including crude oil and petroleum products, declined by 366.59 million barrels per day …
Commodities
13 February 01:15 PM MWC 2020 cancelled over coronavirus worries
The Mobile World Congress (MWC) scheduled to be held in Barcelona on 24-27 February 2020 has been cancelled
Global Reports
Finastra's solutions cover 90% of banks’ needs
20 January 11:19 AM Interview: We look to repeat Finastra Egypt Digital Trade Forum – Serge Tohme
Mubasher: Finastra was founded in 2017 from the merger of two fintech giants, D+H, a leading financial technology provider and Misys, which provides software solutions focused on retail and corporate banking services. Serge Tohme, Managing …
Global Economy
Iron prices have dropped by EGP 300 per tonne since the beginning of the week
15 January 03:28 PM Iron prices to further decline as EGP levels up
By: Abdullah Bedeir Cairo – Mubasher: Iron prices are expected to further decline in the coming period, Ahmed El-Zeiny, the head of chamber of building materials at the Federation of Egyptian Chambers of Commerce (FEDCOC) told Mubasher. With the …
Macroeconomics
Dana Gas is continuously taking all necessary precautions to protect its business
9 January 03:37 PM Dana Gas’ business in Kurdistan normal – Official
By: Mahmoud Gamal Abu Dhabi – Mubasher: Dana Gas stated that its facilities in the Kurdistan Region of Iraq (KRI) have not been under threat following the recent heightened geopolitical tensions. The company’s business in Iraq is going smoothly …
Macroeconomics
Bahrain launched Cloud First Policy in 2017
7 January 03:58 PM Pakiza Abdulrahman: Gov’t leads cloud adoption in Bahrain; private sector is following – Interview
By: Ingy ElSafy & Moslem Ali Mubasher: Startup Bahrain is a national initiative launched in 2016 for the purpose of facilitating all tools required for small business to build and establish themselves while growing into international and regional …
Macroeconomics
The banking sector increased by 26.6%
31 December 2019 09:09 PM DFM levels up 235 pts in 2019; Market cap hits AED 374.2bn
By: Enas Bahgat Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew by 235.11 points, or 9.29%, to 2,764.86 points in 2019. Market capitalisation went up to AED 374.17 billion over the year, compared to AED 342.85 billion in …
Stock Evaluations
Startups do not repay the funding since it is a grant by Tamkeen
26 December 2019 05:31 PM How can non-local startups get grants in Bahrain? – Interview with Pakiza Abdulrahman
 By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Startups endure several challenges in obtaining financing rounds, but this may not be an issue for a foreign startup if it decides to set up in Bahrain. Pakiza Abdulrahman, Manager of Business …
Sector Reports
Salma is the Arabic version of Google Home and Amazon Alexa
26 December 2019 02:08 PM Story behind first Arabic voice assistant ‘Salma’ – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Salma, the first Arabic personal digital assistant developed by Mawdoo3, was among tech startup success stories featured in the recent RiseUp Summit, held in Cairo on 5-7 December. Mubasher visited …
Ali Mohammad Al Shuraidah was appointed as the chairman
23 December 2019 05:02 PM Aan Digital announces new chairman, board members
Dubai – Mubasher: Aan Digital Services Co, dually listed on the Dubai Financial Market (DFM) and Boursa Kuwait, announced the approval for the new board of directors during a meeting held on Sunday, 22 December. The firm appointed Ali Mohammad Al …
Corporate Actions
Pakiza Abdulrahman, Manager of Business Development for Startups at EDB
22 December 2019 00:20 PM Pakiza Abdulrahman: We encourage Egyptian startups to set up in Bahrain – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Bahrain is opening its arms for Egyptian startups with flexible and progressive sentiment, and is keen on doing what is best for organizations, startups, and regulators, as described by Pakiza …
Macroeconomics
Vera Futorjanski during a panel at RiseUp Summit 2019
22 December 2019 10:50 AM Vera Futorjanski: Startups must focus on solving local challenges – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Vera Futorjanski, Director of Innovation and Partnerships at 500 Startups, recently participated in the RiseUp Summit 2019, held in the American University in Cairo (AUC) on 5-7 December, where she …
Sector Reports
The price of flight tickets soared more than 70%
21 December 2019 04:22 PM UAE hotels to see record occupancy levels on Christmas holidays
By: Mahmoud Gamal UAE – Mubasher: Emirati airports and hotels are preparing to receive a record level of occupancy and bookings with the beginning of the New Year’s holidays. Emirates Group, Dubai Airports Company, and Dubai’s Roads and Transport …
Macroeconomics
Credit Agricole is still developing SMEs portfolio and getting some resources
18 December 2019 02:09 PM Antoine Paliard talks fintech innovation, startup contests – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Credit Agricole has chosen Infini Systems, an India-based startup, as the winner of the Fintech Hackathon 2019 during the RiseUp Summit, held in Cairo from 5 to 7 December. A total of 30 teams …
Event
Mohamed Okasha, Managing Director of Fawry
15 December 2019 03:18 PM Interview: Fawry will use blockchain technology – Mohamed Okasha
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Fawry has been in the Egyptian market for over a decade, and recently listed on the Egyptian Exchange (EGX). During this time, the leading e-payment network proved itself as an “enabler”, said …
Mohamed ElKasstawi as a speaker during RiseUp Summit 2019
12 December 2019 01:31 PM ElKasstawi: Stock markets, gov’t can boost performance via digital money – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Blockchain is increasingly carving out the space within the investment and banking sectors, with cryptocurrencies, tokens, and fiat expected to reshape the future of finance as many countries …
Trading Activities
Tribal Credit recently closed a $5.5 million Seed round
12 December 2019 00:04 PM How startups benefit from blockchain at Tribal Credit – Interview with Mohamed ElKasstawi
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Startups nowadays should look for new ways to boost their business, and one of these ways is using blockchain technologies and digital money. The US-based Tribal Credit, headquartered in Silicon …
Sawiris set the mastering plan for Andermatt
11 December 2019 11:08 AM Except for El Gouna, all projects came by coincidence – Samih Sawiris in RiseUp
By: Ingy ElSafy Cairo -Mubasher: On the final day of the RiseUp Summit 2019, the Egyptian tycoon Samih Sawiris was hosted to talk to the attendees about different topics and events, whether by speaking out on personal or business matters. The …
Event
Samih Sawiris as a speaker at RiseUp Summit 2019
9 December 2019 04:44 PM Samih Sawiris speaks out on personal & business habits during RiseUp
By: Ingy ElSafy Cairo – Mubasher: A lot of people lack the presence of a role model or mentor in their lives to take after and aspire when it comes to both personal and business matters. The Egyptian billionaire Samih Sawiris has opened up before …
Event
Samih Sawiris during RiseUp Summit 2019
8 December 2019 05:21 PM Samih Sawiris gives tips to startups, mentions El Gouna Hub during RiseUp
By: Ingy ElSafy Cairo Mubasher: When asked about his advice to the youth who want to establish their own business and startups, the Egyptian billionaire Samih Sawiris said, during the RiseUp Summit 2019 that was on 5-7 December at the American …
Event
Sandra Farid interviewing Samih Sawiris during RiseUp Summit 2019
8 December 2019 03:54 PM Samih Sawiris comments on “Thomas Cook Germany” during RiseUp
By: Ingy ElSafy Cairo – Mubasher: The Egyptian mogul and billionaire Samih Sawiris said: “I have been laughing for the past three days because of this news” when he was asked, during the RiseUp Summit 2019, about the latest news on acquiring …
Mergers and Acquisitions