UAE – Mubasher: International credit rating agency Fitch has affirmed the credit rating of Ras Al Khaimah at ‘A’ with a ‘Positive’ outlook for the second consecutive year, the emirate’s media office said in a press release. Fitch expected the real …
Mubasher: Suhail bin Mohammed Al Mazrouei, the UAE Minister of Energy and Infrastructure, unveiled that the country is deploying a nationwide network of public and private electric vehicle (EV) charging stations to fully realise the potential of …
Mubasher: The Kuwaiti AAN Digital Services Holding Company announced the delisting of its shares from Dubai Financial Market (DFM) upon the Kuwaiti Capital Markets Authority (CMA) resolution to delist from Boursa Kuwait. Delisting AAN Digital’s …
Riyadh – Mubasher: Global hospitality leader Hilton has signed a memorandum of understanding (MoU) with the Saudi Tourism Authority (STA) to attract people from leading markets across the Middle East and Africa (MEA) to visit Saudi Arabia. The two …
Mubasher: The Head of Investor Relations (IR) Business at GFM Mubasher, Amr Emara, took part in the Arab Federation of Capital Markets (AFCM) annual conference in Oman, where he joined a panel that included the CEO of Bahrain Bourse, Khalifa Al …
Cairo – Mubasher: The Financial Regulatory Authority (FRA) has recently approved the launch of Azimut Precious Metals Fund under the name az-Gold, which marks the first gold investment fund in Egypt. Mubasher Trade, which is licensed by the …
UAE – Mubasher: The UAE Ministry of Finance teamed up with Bloomberg and Euroclear Bank to launch a new auction solution which will enable the ministry, in collaboration with the Central Bank of the UAE (CBUAE), to issue dirham-denominated Islamic …
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) increased to 56.6 in April 2023 from 55.9 last March, according to the latest S&P Global PMI data. The business conditions at non-oil private sector firms across the …
UAE – Mubasher: The UAE Ministry of Finance announced that entities existing and operating for the wider public benefit will be eligible for tax exemption under the Corporate Tax Law, according to a press release. The UAE Cabinet new implementing …
Mubasher: The UAE has topped the 10 lowest risk countries across the Middle East and Africa (MEA) region in GlobalData Regional and Global Risk Index (GCRI) for the fourth quarter (Q4) of 2022. The region is seen affected by supply chain …
Mubasher: The Brazilian exports to the Arab World jumped by 14.01% year-on-year (YoY) to $4.42 billion in the first quarter (Q3) of 2023, compared to $3.87 billion. The imports also increased by 1.70% to $2.76 billion in Q1-23 from $2.71 billion …
UAE – Mubasher: Fitch Ratings has affirmed its 'AA-' long-term issuer rating (IDR) for Emirates Development Bank (EDB), with a stable outlook, according to a press release. The ‘AA-’ rating is the agency’s fourth highest investment grade rating …
Cairo – Mubasher: The value of the bilateral trade between Egypt and the UAE hit $4.60 billion during the first 11 months (11M) of 2022, higher by 6.50% than $4.30 billion in 11M-21. The UAE received Egyptian goods amounting to $1.80 billion in …
Mubasher: Economies in the MENA region are expected to grow at a slower pace in 2023, according to the World Bank’s latest economic data. The slower growth is seen driven by double-digit food inflation, while the MENA’s gross domestic product …
Mubasher: Economic growth among the GCC countries is forecast to be slower in 2023, following a sharp recovery in 2022, according to a recent report by S&P Global. The report attributed the sluggish economic growth to OPEC-related oil production …
Mubasher: The business travel spending across the Middle East and Africa (MEA) region is projected to return to pre-pandemic levels by 2024, according to the Business Travel Index Outlook annual forecast and outlook 2022 from the Global Business …
UAE – Mubasher: The UAE has witnessed a continued recovery from the COVID-19 pandemic at an accelerated pace in 2022, despite the uncertainty spreading the globe, according to a recent report by real estate advisor Savills. The encouraging …
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) rose to 54.3 last February from 54.1 in January 2023, marking the strongest upturn since October 2022. The reading highlighted a powerful improvement in the non-oil …
UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE hit 54.1 in January 2023, marking another powerful improvement in the sector's performance at the beginning of the year. January’s PMI edged down from 54.2 in …
Mubasher: The Saudi Central Bank (SAMA) and the Central Bank of the UAE (CBUAE) raised their key interest rates by 25 basis points after the US Federal Reserve (Fed) unveiled a 25-basis-point hike on 1 February 2023. SAMA increased its repo and …
UAE – Mubasher: The UAE recently announced $30 billion investments to be pumped in South Korea as well as memoranda of understanding (MoUs) between the two nations in different fields, WAM news agency reported. This came within the framework of …
Mubasher: The Central Bank of Kuwait (CBK) decided to lift the discount rate by 0.50% to 4% from 3.50% starting from Thursday, 26 January 2023. The decision is part of recent developments in local and international economic conditions, in addition …
Mubasher: Venture debt investments in the MENA region have exceeded $260 million through 18 financing deals during 2022, according to a report by Shuaa Capital and MAGNiTT. The report indicated that the high value came despite a backdrop of …
UAE – Mubasher: The United Nations Conference on Trade and Development (UNCTAD) will hold its 8th World Investment Forum in Abu Dhabi during 16-20 October 2023, according to a press release. Held under the theme ‘Investing in Sustainable …
Mubasher: The GCC issues of local debt instruments and US dollar-backed Eurobonds jumped to $15.90 billion in the fourth quarter (Q4) of 2022, compared to $11.80 billion in Q3-22 and $14.70 billion in Q2-22. A report by the Central Bank of Kuwait …
