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25 May 05:20 PM AAN Digital delists from UAE stock exchange
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 …
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23 May 05:54 PM Hilton, STA collaborate on attracting regional visitors to Saudi Arabia
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 …
Amr Emara - Head of IR Business at GFM Mubasher
15 May 06:22 PM GFM Mubasher’s Emara highlights IR, use of technology during AFCM event
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 …
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15 May 03:20 PM Mubasher Trade allows investing in Egypt’s 1st gold Fund
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 …
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14 May 11:21 AM UAE collaborates with Bloomberg, Euroclear Bank to offer solution for Islamic bonds
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 …
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7 May 04:47 PM UAE’s PMI hits 56.6 in April; new order growth quicken
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 …
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23 April 06:44 PM Public benefit entities in UAE now qualified for corporate tax exemption
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 …
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23 April 05:22 PM UAE, Saudi Arabia among top lowest risk nations in MEA – GlobalData
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 …
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18 April 01:16 PM Brazilian exports to Arab countries surge 14% in Q1-23
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 …
Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank
17 April 02:37 PM Fitch maintains Emirates Development Bank’s 'AA-' rating; outlook stable
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 …
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13 April 12:42 PM Egypt-UAE trade exchange up 6.5% in 11 months
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 …
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12 April 04:28 PM MENA’s economic growth eases amid double-digit food inflation – World Bank
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 …
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16 March 05:48 PM GCC countries to see slower economic growth in 2023 – Report
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 …
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8 March 05:18 PM Business travel in MEA hits $23bn in 2022, could return to pre-pandemic levels next year – Report
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 …
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8 March 02:41 PM UAE’s economy continues to recover amid global uncertainties in 2022 – Report
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 …
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6 March 01:25 PM UAE’s February PMI marks strongest growth since October 2022
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 …
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6 February 01:16 PM UAE’s PMI falls to 54.1 in January 2023
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 …
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2 February 01:16 PM SAMA, CBUAE hike interest rates by 25 basis points
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 …
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26 January 12:44 AM UAE outlines $30bn investments, diverse plans in South Korea
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 …
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25 January 04:06 PM Kuwait raises discount rate as of Thursday
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 …
Head of Debt at SHUAA Capital, Natasha Hannoun
24 January 04:36 PM Venture debt funding in MENA surpasses $260m in 2022 – Report
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 …
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23 January 12:42 PM Abu Dhabi to host UNCTAD’s World Investment Forum next October
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 …
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22 January 04:45 PM Gulf debt instruments, Eurodollar bonds hit $15.9bn – Report
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 …
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17 January 05:02 PM MEET ICT, BITEX 2023 back in 11th edition this May
Mubasher: The ICT Conference (MEET ICT) and the Bahrain International Technology Exhibition (BITEX) is back in its 11th edition from 7-9 May 2023 at Gulf Hotel’s Gulf Convention Centre. This announcement was made in collaboration with the Bahrain …
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16 January 12:31 PM Egypt’s sovereign fund, Etisalat Egypt launch Erada Microfinance
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt by e& have launched Erada Microfinance to provide access to a wide range of financial services to micro and small enterprises (MSEs).   Enabled by financial technology …