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Online shopping has become more of a long-term behavior change
13 April 03:18 PM Consumers in KSA, UAE likely to spend more online in Ramadan – Report
Riyadh – Mubasher: A greater surge in online shopping is expected to be witnessed during the month of Ramadan, which has just started today on 13 April, a recent survey Checkout.com unveiled. Online spending by consumers in the UAE and Saudi …
Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
CEO of Mubasher Media, Assem El-Bassal
4 April 04:49 PM Du aims to turn beginners into professional investors – Mubasher Media CEO
Cairo – Mubasher: The coronavirus (COVID-19) pandemic and its negative implications on the global economy have highlighted the urgent need for platforms that help investors protect their funds, take wise investment decisions, and pursue …
The aggregate net profit of the GCC listed banks plunged by 32.2% YoY
1 April 01:48 PM GCC banking sector's profits record seven-year low in 2020
Mubasher: The net profits of the GCC banking sector hit their lowest levels in seven years, affected by the decline of profits in the fourth quarter (Q4) by almost a third on a quarterly basis to $5.3 billion due to higher provisions, according …
Assem El-Bassal, CEO of Mubasher Media - (Photo Archive)
29 March 05:49 PM Mubasher Media supports investors, plans expansion – CEO Assem El-Bassal
Riyadh – Mubasher: The CEO of Mubasher Media, Assem El-Bassal, said on Monday that the company is working on covering the main aspects across major sectors, led by the investors’ sector, by providing a perfect electronic environment for investors …
The Arab markets haven’t witnessed sharp fluctuations during the crisis
29 March 04:25 PM Arab markets successfully managed COVID-19 crisis thanks to central banks - Abul-Gheit
Riyadh – Mubasher: The leaderships of Arab stock markets have shown great resilience in dealing with the repercussions of the coronavirus (COVID-19) pandemic, Ahmed Abul-Gheit, Secretary-General of the Arab League, said on Monday. The Arab markets …
Mohamed Farid, Chairman of the Egyptian Exchange - (Photo Archive)
29 March 02:15 PM Arab markets have 1,662 listed companies with $3.1trn in capital - EGX Chairman
Cairo – Mubasher: The Arab Federation of Exchanges (AFE) now has 21 members, representing 17 stock and commodity exchanges, four clearing companies, and several securities brokerage companies in the Arab region, the Chairman of the Egyptian …
Financial systems saw great changes during 2020 - (Photo Archive)
29 March 02:13 PM Arab markets lost $350bn at the pandemic's beginning - El-Dokany
Riyadh – Mubasher: Arab stock markets lost around $350 billion in market capitalisation in the first six weeks of the coronavirus (COVID-19) outbreak, according to the Secretary-General of the Arab Federation of Exchanges (AFE), Rami El-Dokany. …
Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group
29 March 01:47 PM We aim at increasing investors in Arab markets - Mubasher Chairman
Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies. More than 10 years …
Photo Archive
24 March 04:30 PM GFH inks agreement with Bahrain Bourse, CBB to join Murabaha service
Mubasher: GFH Financial Group has entered into an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB) to provide its clients with the Murabaha service. Launched by BHB in May 2020, the Murabaha service will be offered through …
Photo Archive
24 March 01:08 PM CITC approves merging Zain KSA, Mobily telecom towers under new entity
Riyadh - Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain KSA) has received in-principle approval from the board of Communications and Information Technology Commission (CITC) on the application submitted by Zain KSA, Etihad Etisalat …
Individuals can start with a monthly investment of EGP 500 through Du Invest
9 March 03:57 PM Mubasher's Du seeks to turn novice investors into professional traders
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, has invested about EGP 360 million in launching its new Du brand for financial services, the first of its kind in Egypt that caters …
The GCC insurers could face key risks relating to volatility of earnings
25 February 12:51 PM S&P Global ratings on GCC insurance market expected to remain stable in 2021
Mubasher: S&P Global predicted its ratings on the GCC insurance market to remain stable in 2021, attributed to strong capital buffers, despite the coronavirus (COVID-19) economic repercussions and uncertainty. A relatively large number of the GCC …
Photo Archive
15 February 02:53 PM Remittances from Filipinos in GCC down to $5.1bn in 2020
Riyadh – Mubasher: Remittances paid by Filipino labour in GCC countries dropped by 11.21% on an annual basis in 2020. Filipinos’ remittances from the Gulf region registered $5.11 billion last year, compared to $5.76 billion in 2019, according to …
Regional debt issuances are expected to remain robust in 2021.
28 January 12:09 PM GCC debt issuance exceeds $100bn in 2020
Mubasher: GCC debt issuance was strong in 2020, crossing $100 billion on a continued need for budget financing, the National Bank of Kuwait (NBK) said in its latest economic update. The fourth quarter (Q4) of 2020 saw the issuance of about $15 …
Photo Archive
17 January 01:43 PM Emirates’ trade surplus with GCC hits AED 3bn in 9M
Dubai – Mubasher: The UAE’s trade surplus with GCC countries amounted to AED 3 billion ($817 million) during the first nine months of 2020. The achieved surplus excludes AED 35.601 billion worth of non-oil exports and AED 32.61 billion worth of …
Sukuk maturities are predicted to be at $115.7 billion over the next five years.
30 December 2020 02:58 PM GCC governments could see $157.1bn in fixed income maturities in 5 yrs
Riyadh – Mubasher: GCC governments are expected to see $157.1 billion in fixed income maturities over the next five years (2021-2025) whereas corporate maturities stand at $164.3 billion, Kamco Invest said in a report on Wednesday. A majority of …
(Photo Credit: https://mecei.org/)
29 December 2020 01:46 PM MENA holds strong potential for low, zero-carbon energy sources - Report
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) highlighted in its MENA Power Investment Outlook 2020-2024 key regional developments and prevalent trends in the power sector over the short and medium terms. Among the …
Mirna Arif, General Manager of Microsoft Egypt
21 December 2020 00:02 PM Reimagining Egypt’s economy through digital transformation – Interview with Mirna Arif
By: Marina Gamil Cairo – Mubasher: In its recovery phase, Egypt has taken several initiatives to increase the contribution of digitalisation in its economic growth by advancing information technology (IT) infrastructure, supporting startups and …
The top five developed countries in Islamic Finance are Malaysia, Indonesia, Bahrain, the UAE, and KSA.
9 December 2020 00:23 PM Global Islamic Finance assets may hit $3.69trn in 2024 - Report
Riyadh – Mubasher: Global Islamic Finance assets are forecast to reach $3.69 trillion by 2024 according to the 2020 Islamic Finance Development Report released today by Refinitiv and the Islamic Corporation for the Development of the Private …
Filipino expats’ remittances from the GCC region fell by 13.91% YoY in 9M.
3 December 2020 01:13 PM Filipino labour in GCC records $3.7bn remittances in 9M
Riyadh – Mubasher: Remittances paid by Filipino labour in GCC countries dropped by 13.91% on a year-on-year (YoY) basis in the first nine months of 2020, pressured by the coronavirus pandemic. Filipino expats’ remittances amounted to $3.73 billion …
Photo Archive
25 October 2020 03:33 PM KSA, Bahrain trade exchange grows exponentially in 9M
Riyadh – Mubasher: Non-oil trade exchange between Saudi Arabia and Bahrain grew by 43% year-on-year (YoY) over the third quarter (Q3) of 2020 to $688.4 million, compared to $481 million in the same period in 2019. In the first three quarters of …
Zedny was founded in 2018
18 October 2020 11:25 AM Online platforms for professional development - Interview with Zedny
By: Moslem Ali Cairo - Mubasher: With technological advancements and growing digital infrastructure, the digital education industry is growing in the Middle East. Remote learning, in particular, has gained increased importance with the recent new …
The e-commerce sector will enable the retail sector to grow
6 October 2020 11:34 AM GCC e-commerce sector to register $50bn by 2025
Mubasher: The e-commerce sector in the GCC region is expected to record $50 billion by 2025, according to a new report by Kearney Middle East, a management consulting firm. The e-commerce sector will enable the retail sector to grow over the next …
Trade between KSA and Bahrain grew by 2% yearly in H1 - (Photo Credit: Reuters).
5 October 2020 01:56 PM Saudi-Bahrain trade back to pre-pandemic levels
Riyadh – Mubasher: Trade between Saudi Arabia and Bahrain has returned to levels not seen since before the coronavirus pandemic, with new figures revealing $1.48 billion in bilateral trade during the first half (H1) of 2020. Trade exchange between …