Tawasul
Mubasher TV
Contact Us Advertising   العربية

Macroeconomics

Banks were closed during the Eid holiday
31 May 10:27 AM CBE offers EGP 24.5bn T-bills, bonds on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 24.5 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 182-day notes worth EGP 10 …
The per-litre price of Super 98 gasoline will be maintained at AED 1.91
28 May 05:31 PM UAE announces fuel prices for June
UAE – Mubasher: Fuel prices will remain unchanged in June in the UAE when compared to prices in May, the UAE Fuel Price Follow-up Committee announced. The per-litre prices of Super 98-octane gasoline, Special 95-octane gasoline, diesel, and E-Plus …
Investments of banks in debt instruments rose by AED 1.8 billion YoY
28 May 01:03 PM UAE’s banks raise investments in bonds, stocks in April amid COVID-19 uncertainty
UAE – Mubasher: Banks operating in the UAE increased their investments in bonds and stocks at the end of April as investors search for safe-haven investments amid the coronavirus (COVID-19) outbreak. Investments of banks in debt instruments rose …
The number of COVID-19 infections in the UAE totalled 31,969
28 May 12:32 PM UAE gov't announces return to work at 30% capacity on Sunday
UAE – Mubasher: A maximum of 30% of UAE employees will return to work in federal ministries, authorities, and institutions starting from Sunday, 31 May, the Federal Authority For Government Human Resources (FAHR) announced. The decision for the …
Saudi oil export revenue declined by more than 50% in March
28 May 11:57 AM Saudi oil export revenue hits SAR 150bn in Q1-20
By: El-Sayed Gamal Riyadh – Mubasher: Saudi Arabia’s oil export revenue shrank year-on-year (YoY) during the first quarter of 2020, pressured by a significant drop in revenue in March as a result of the decreased demand for oil amid the …
Brent crude oil for July delivery retreated by 4.6% or $1.65
28 May 10:58 AM Kuwait’s crude oil down to $28.05 pb – KPC
Mubasher: The price of Kuwait’s crude oil fell by 56 cents to $28.05 per barrel (pb) on Wednesday from $28.61 pb on Tuesday, according to the official prices released by Kuwait Petroleum Corporation (KPC). Globally, Brent crude oil for July …
Dubai approved easing restrictions on movement
27 May 05:41 PM Dubai gov’t staff to fully return to office on 14 June
Dubai – Mubasher: Dubai issued a decision allowing 50% of government employees to return to work at offices starting from Sunday, 31 May, while taking all precautionary measures against coronavirus (COVID-19).  All employees will resume their work …
The Ministry of Health announced the detection of 1,815 new COVID-19 cases
27 May 05:10 PM KSA lifts ban on private-sector workplace attendance
Riyadh – Mubasher: The Saudi Ministry of Human Resources and Social Development has lifted the ban on workplace attendance in the private sector after the GCC nation’s coronavirus (COVID-19) tally recorded 78,541. In addition, government employees …
All necessary health measures will be taken to contain the spread of the COVID-19
27 May 12:27 PM KSA to resume local flights, railway operations
Riyadh – Mubasher: The Saudi General Authority of Civil Aviation (GACA) announced that domestic flights through national carriers will be resumed on Sunday, 31 May. GACA will coordinate operations with airports, air carriers, civil aviation …
Non-oil imports dropped to $18.797 billion
27 May 12:08 PM Egypt’s trade deficit down 35% in 4M
Cairo – Mubasher: Egypt’s balance of trade deficit shrank by $5.570 billion or 35% year-on-year (YoY) in the first four months of 2020, minister of trade and industry Nevine Gamea said. Increasing reliance on local products has contributed to …
Photo Archive
26 May 02:43 PM Oman crude oil up 68 cents on Tuesday
Mubasher: The price for Omani crude oil for July delivery increased by 68 cents on Tuesday, according to the Dubai Mercantile Exchange (DME). The barrel price amounted to $37.70 on Tuesday, compared to $37.02 on Monday. The price for June …
The financing was provided to 48,743 projects
26 May 12:35 PM Egypt’s MSMEDA offers EGP 1.1bn funding in 4M
Cairo – Mubasher: The Egyptian Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has allocated EGP 1.19 billion in funding to 48,743 small and micro projects during the first third of 2020, MSMEDA’s executive director and the …
More details regarding the gradual restoration of life will be provided soon
26 May 11:51 AM Kuwait to gradually reopen after 30 May
Mubasher: The Kuwaiti government affirmed that it will not extend the full lockdown for another period but will enact a partial curfew to pave the way for the restoration of normal life, Kuwait News Agency (KUNA) reported on Monday. More details …
The situation across the kingdom is set to return to normal by 21 June
26 May 10:47 AM Saudi Arabia to begin easing, lifting curfew restrictions
Riyadh – Mubasher: Saudi Arabia will begin phasing out the curfew, imposed as a precautionary measurement against the spread of the coronavirus (COVID-19), starting next Thursday. On 28-30 May, the curfew’s exception time will be from 6:00 a.m. to …
Economic activities will be allowed from 6:00 a.m. to 11:00 p.m
26 May 09:19 AM Dubai to reopen business activities on Wednesday
Dubai – Mubasher: The Crown Prince of Dubai, Sheik Hamdan bin Mohammed, has chaired a virtual meeting with Dubai’s Supreme Committee of Crisis and Disaster Management and approved resuming economic activities, starting Wednesday 27 May, from 6:00 …
The tenants will be provided with a rent-free relief
25 May 03:41 PM Mubadala exempts tenants from lease for three months
UAE- Mubasher: Mubadala Real Estate and Infrastructure (MREI) will exempt retail tenants at its Abu Dhabi mall, Galleria Al Maryah Island, from paying the monthly lease. The tenants will be provided with a rent-free exemption over three months …
The Egyptian manpower minister Mohamed Saafan
25 May 03:06 PM Egypt disburses EGP 150m to regular workers amid COVID-19
Cairo - Mubasher: The Egyptian manpower minister, Mohamed Saafan, announced a new EGP 150 million package to support around 140,000 regular workers in 1,200 institutions. Saafan made the announcement during a video conference …
Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla
25 May 01:41 PM Egypt plans EGP 19bn investments in petrochemical projects
Cairo - Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion, Minister of Petroleum and Mineral Resources Tarek El-Mulla …
One of the stations will serve the residential areas
24 May 04:44 PM Egypt builds EGP 170m power transformers in 10th of Ramadan City
Cairo - Mubasher: Egypt's ministry of housing, utilities, and urban communities started the construction works of two power transformers of 11/66 kV in the 10th of Ramadan City at a total value of EGP 170 million. The Egyptian minister of housing …
Saudi total foreign trade volume amounted to SAR 320bn
24 May 01:52 PM Saudi trade balance records SAR 75.73bn surplus in Q1-20
Riyadh – Mubasher: Saudi trade balance showed a surplus of around SAR 75.73 billion during the first quarter (Q1) of 2020, as the total foreign trade volume of Saudi Arabia amounted to around SAR 320 billion. The merchandise exports and …
The ministry aims to procure 3.6m tonnes
24 May 12:28 PM Egyptian government receives 3m tonnes of local wheat
Cairo - Mubasher: Egypt has obtained three million tonnes of the locally-cultivated wheat crop during the harvest season, Egypt's ministry of supply and internal trade announced on Sunday.  Minister Ali Al Moselhi confirmed that the local wheat …
Photo Credit: Saudi Press Agency (SPA)
24 May 11:29 AM Saudi Arabia to invest in Iraq’s Akkas gas field
Mubasher: Saudi companies plan to invest in Iraq’s Akkas gas field, as per a recent agreement between the two countries, Reuters reported. Both countries are also cooperating to ensure restoring the global oil market balance, in line with the …
Saudi Minister of Finance, Mohammed Al Jadaan
24 May 11:20 AM Saudi economy capable of facing coronavirus crisis – Minister
Riyadh – Mubasher: The Saudi economy remains solid and resilient against the new coronavirus (COVID-19) crisis, despite the need to rationalize public spending, said the Saudi Minister of Finance and acting Minister of Economy and Planning, …
Hotels in five governorates could reopen after receiving the safety certificate
24 May 11:13 AM Egypt grants health safety certificates to over 70 hotels
Cairo - Mubasher: More than 70 hotels in Egypt last week have received the health safety certificate, which is necessary for resuming their operations, according to Egypt’s tourism and antiquities minister. Receiving the certificate came after …
Egypt's production of natural gas increased to 7 bcf in September
24 May 10:41 AM Egypt's natural gas production reaches 7.2 bcf per day
Cairo - Mubasher: Egypt's daily production capacity of natural gas reached an average of 7.2 billion cubic feet (bcf), Reuters reported citing a recent statement by the Egyptian cabinet. In September, Egypt's production of natural gas increased to …