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The Late Sheikh Sabah Al Ahmad Al Jaber Al Sabah
5 hours ago Emir of Kuwait passes away aged 91 years
Mubasher: The Emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah has passed away on Tuesday, at 91 years of age. The late Emir has ruled Kuwait since 2006, before that he was the Minister of Foreign Affairs for around four decades. "With …
DAE's multiple sources of liquidity provided about 280% coverage of cash requirements
29 September 04:22 PM Moody's assigns Dubai Aerospace 'Baa3' long-term issuer rating; outlook negative
UAE - Mubasher: Moody's Investors Service has assigned Dubai Aerospace Enterprise (DAE) Baa3 long-term issuer rating, with a negative outlook, according to a press release on Tuesday. Moody's ratings assigned to DAE and its subsidiaries have …
Emirates Gas will provide LPG cylinders to the consumers in Dubai
29 September 01:43 PM UAE cuts domestic LPG's prices 24%
UAE - Mubasher: The UAE Ministry of Energy and Infrastructure has reduced the prices of domestic liquified petroleum gas (LPG) by 24%, according to the ministry's official website. This decision was made in coordination with Emirates Gas Company, …
The zone is launched in January 2019 at Dubai South’s Logistics District
29 September 10:19 AM EZDubai at 20% operational level as part of first phase
UAE - Mubasher: A total of 20% of Dubai South's EZDubai, the first e-commerce operational zone in the Middle East, is now being operated as part of its first phase where 27% is under development, according to the Dubai media office. Launched in …
The gold pound is priced at EGP 6,504
28 September 05:58 PM Gold prices in Egypt continue to drop
Cairo – Mubasher: Gold prices continued to decline in the Egyptian market on Monday, pressured by lower global prices of the precious metal, Ehab Wassef, Deputy Head of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC), …
The total number of recoveries reached 81,462
28 September 04:25 PM UAE confirms 626 new COVID-19 cases
UAE - Mubasher: The UAE announced on Monday 626 new coronavirus (COVID-19) to raise the total number of cases to 92,095, according to the UAE Ministry of Health. The ministry has conducted 76,888 COVID-19 tests to detect further cases. The total …
The UAE fuel has maintained the same price levels since April
28 September 12:00 PM UAE maintains fuel prices unchanged in October
UAE - Mubasher: The UAE has kept the fuel prices unchanged in October to mark the seventh month in a row, the UAE's Fuel Price Follow-up Committee announced on Monday. The UAE fuel has maintained the same price levels since April 2020. The per …
The administrators would manage the financial restructuring of NMC
28 September 10:11 AM ADGM Courts appoint administrators for NMC entities in UAE
UAE - Mubasher: The Abu Dhabi Global Market (ADGM) Courts have named Richard Fleming and Ben Cairns of Alvarez & Marsal the administrators of the NMC Healthcare's operating companies and businesses in the UAE, according to the Emirates News Agency …
The UAE topped 121 indicators globally
27 September 03:24 PM UAE Cabinet nods to economic agreements
UAE – Mubasher: The UAE Cabinet has approved a number of economic agreements with several countries, including Egypt, Chile, and Zambia, Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, announced on …
The banks invested AED 191.3 billion in debt securities in February
27 September 01:56 PM Abu Dhabi banks' investments in debt securities exceed AED 17bn in 7M
UAE - Mubasher: Abu Dhabi banks have invested around AED 17.2 billion in debt securities during the first seven months of 2020, according to the latest statistics by the Central Bank of the UAE (CBUAE). The banks' total cumulative investment …
Dubai Chamber has issued more than 151,000 Certificates of Origin
27 September 12:55 PM Dubai Chamber members see 7% higher exports in June-August period
UAE - Mubasher: The total value of the exports of the Dubai Chamber of Commerce and Industry members rose by 7.4% to more than 45 billion during the June-August period of 2020, compared to the March-May period. In the last three months, Dubai …
The CI has affirmed the ratings of five Emirati banks
27 September 12:09 PM CI affirms five Emirati banks' ratings; outlook 'stable'
UAE - Mubasher: Capital Intelligence (CI), the international credit rating agency, has affirmed the ratings of five Emirati banks, with a stable outlook. The banks comprise Abu Dhabi Commercial Bank (ADCB), the Commercial Bank …
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27 September 10:27 AM Global Artificial Intelligence Summit to kick off next October
Riyadh – Mubasher: The Saudi Data and Artificial Intelligence Authority (SDAIA) will organise the Global Artificial Intelligence Summit (GAIS) on 21-22 October 2020, state-run Saudi Press Agency (SPA) reported on Sunday. Under the theme, “AI FOR …
The price of 21-karat gold registered EGP 816 per gram
24 September 04:50 PM Egypt’s gold prices fall EGP 10/gram on Thursday
Cairo – Mubasher: Gold prices in Egypt slid by EGP 7-10 per gram on Thursday as global prices continued to decrease, Ehab Wassef, a member of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC), said. The price of …
Dubai Chamber and Tel Aviv Chamber will cooperate in organising virtual events
24 September 04:41 PM Dubai Chamber inks strategic cooperation agreement with Tel Aviv Chamber
UAE – Mubasher: Dubai Chamber of Commerce and Industry and Tel Aviv Chamber of Commerce have inked a strategic agreement to enhance cooperation in a number of sectors of mutual interests, according to Dubai media office. Tel Aviv Chamber of …
The ministry has conducted 93,618 additional COVID-19 tests
24 September 01:42 PM UAE records 1,002 new COVID-19 cases
UAE - Mubasher: The UAE has registered 1,002 new coronavirus (COVID-19) cases to bring the total number of cases in the UAE to 88,532, the UAE Ministry of Health announced on Thursday. The ministry has conducted 93,618 additional COVID-19 tests …
The remittances through banking system grew by AED 0.3 billion
24 September 01:18 PM Remittances from UAE record AED AED 38.2bn in Q2-20
UAE - Mubasher: The value of foreign workers' remittances from the UAE decreased by 10.3% to AED 38.2 billion in the second quarter (Q2) of 2020, compared to AED 42.6 billion in the same period of 2019, according to the quarterly review of the …
The loans provided to the government climbed by 22% YoY
24 September 11:52 AM UAE banks' loans rise 6% in July 2020
UAE – Mubasher: The loans granted by the UAE banks rose by 6% to AED 1.8 trillion in July 2020, compared to around AED 1.7 trillion in the same month of 2019, according to the latest statistics by the Central Bank of the UAE (CBUAE). The UAE …
The bonds have interest rates of 4.7%
24 September 10:36 AM DP World Limited nods to periodic coupon distribution
Dubai – Mubasher: DP World Limited has approved a periodic coupon distribution for the issued notes worth $500 million, according to the company's disclosure to Nasdaq Dubai. Due in 2049, the notes have interest rates of 4.7%. The company will pay …
The country's GDP declined by around 7.8% in Q2-20
24 September 09:42 AM UAE's GDP expected to contract 5.2% in 2020 - CBUAE
UAE - Mubasher: The UAE's gross domestic product (GDP) is expected to contract by 5.2% in 2020 due to the coronavirus (COVID-19) pandemic, according to the Central Bank of the UAE (CBUAE) announced in its quarterly review. Previously, the CBUAE …
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23 September 04:52 PM Saudi Arabia, Dubai resume flights
Dubai – Mubasher: Saudi and Emirati air carriers resumed scheduled flights coinciding with celebrations of the 90th Saudi national holiday. According to a statement by Dubai Airports, Saudia has on Sunday resumed five daily flights between Dubai …
The price of 21-karat gold registered EGP 825 per gram
23 September 04:19 PM Egypt's gold prices drop on lower global prices
Cairo – Mubasher: Gold prices continued the downward trend in the Egyptian market, falling by EGP 5 per gram on Wednesday as global prices of the precious metal fell to $1,888 per ounce, Ehab Wassef, a member of the gold division at the Federation …
The ministry has conducted 103,199 tests
23 September 01:53 PM UAE announces 1,083 new COVID-19 cases
UAE - Mubasher: The UAE has registered 1,083 new coronavirus (COVID-19) cases to raise the total number of cases to 87,530, the UAE Ministry of Health announced on Wednesday. The ministry has conducted 103,199 tests to detect further cases. …
The foreign securities held to maturity decreased by 67%
23 September 09:39 AM CBUAE's foreign currency reserves hit AED 353.8bn in July
UAE - Mubasher: The total foreign-currency assets of the Central Bank of the UAE (CBUAE) declined by 4% or AED 3.1 billion to AED 353.8 billion in July 2020, compared to AED 369.3 billion in the same month of 2019.  On a monthly basis, the CBUAE's …
The non-oil trade between Dubai and Saudi Arabia amounted to AED 500bn
22 September 04:32 PM Trade between Dubai, Saudi Arabia records AED 500bn in 10 years
UAE - Mubasher: The total value of the non-oil trade between Dubai and Saudi Arabia amounted to AED 500 billion during the last ten years, according to the Dubai media office. During the first half (H1) of 2020, the total value of the foreign …