Tawasul
Mubasher TV
Contact Us Advertising   العربية

Macroeconomics

Minister Rania El-Mashat and Ambassador Ib Petersen
17 June 06:28 PM Egypt, UNFPA discuss cooperation on SDGs, Vision 2030
Cairo – Mubasher: The Egyptian Minister of International Cooperation, Rania El-Mashat, met with Ambassador Ib Petersen, Assistant Secretary-General of the United Nations (UN) and Deputy Executive Director of the United Nations Population Fund …
Tadawul approved listing new debt instruments of SAR 4.65 billion
17 June 05:33 PM Tadawul approves listing of government debt instruments
Riyadh – Mubasher: Saudi Tadawul Group has approved the listing of new debt instruments worth SAR 4.65 billion as of 21 June 2021, according to a disclosure on Thursday. Tadawul also announced the listing of debt instruments worth a total of SAR …
Friday will mark the entry into force of the new commercial chambers bylaw
17 June 05:20 PM Council of Saudi Chambers becomes federation
Riyadh – Mubasher: The Council of Saudi Chambers has officially changed its name to the Federation of Saudi Chambers, state-run news agency SPA reported on Thursday. Friday, 18 June 2021 will mark the entry into force of the new commercial …
A total of 11,387 new investors entered Dubai's real estate market
17 June 03:49 PM Dubai records AED 11bn real estate investments in May 2021
UAE - Mubasher: Dubai recorded 5,359 real estate investments worth more than AED 11 billion in May 2021, as shown by the real estate bulletin issued by Dubai Land Department (DLD). A total of 11,387 new investors entered Dubai's real estate …
The UAE has advanced in 120 global indicators
17 June 01:18 PM UAE leads globally 20 development indicators
UAE – Mubasher: The UAE has topped the world in 20 development indicators in the IMD World Competitiveness Ranking 2021, released by Switzerland's International Institute for Management Development. This announcement was made by Sheikh Mohammed …
The Middle East could be having a few more unicorns
17 June 12:25 PM Middle East could be seeing more billion-dollar startups – Careem CEO
Mubasher: The Middle East is not far from seeing more billion-dollar startups in the coming months, and it could be having “a few more unicorns in the region,” CEO of ride-hailing company Careem Mudassir Sheikha stated during a CNBC event The …
The new base rate set by the central bank is 15 basis points
17 June 12:10 PM CBUAE raises overnight base rates 5 basis points
UAE - Mubasher: The Central Bank of the UAE (CBUAE) has increased the base rate applicable to the overnight deposit facility (ODF) by five basis points, effective from 17 June 2021. The new base rate set by the central bank is 15 basis points, …
The upcoming years will continue to witness an increase in residential demand
16 June 04:00 PM Egypt’s property sector backed by resilient economy, strong demographics – Savills
Cairo – Mubasher: The real estate market in Egypt is maintaining its position and is regarded as an attractive investment, supported by the impact of the country’s economic expansion, according to Head of Savills Egypt, Catesby Langer-Paget. The …
SAMA has claimed the Global Impact Award 2021 for Aber
16 June 03:21 PM SAMA says Aber project achieves main objectives
Riyadh – Mubasher: The Saudi Central Bank (SAMA) said the digital currency project Aber has succeeded to achieve its main objectives that mainly include understanding, experiencing, and analysing the maturity of the distributed ledger technology …
The UAE has maintained its 28th position globally among the holders of the US debt instruments
16 June 02:01 PM UAE's holdings of US Treasury bonds hit $43.7bn in April
UAE - Mubasher: The UAE has increased its holdings of the US Treasury bonds by 66.16% year-on-year (YoY) to $43.7 billion in April 2021, compared to about $26.3 billion in the same month of 2020. On a monthly basis, the UAE's holdings of the US …
Saudi Arabia ranked the 14th worldwide investor in the US treasury bonds
16 June 12:43 PM Saudi Arabia’s holdings of US treasuries fall to eight-month low
Riyadh – Mubasher: Saudi Arabia has reduced its holdings of US treasury bonds to $130.3 billion in April, hitting the lowest level in eight months compared to $130 billion in August 2020, according to official data on Wednesday. The holdings …
The prices of the housing, water, electricity, gas, and other fuels and food and beverages segments decreased by 8.42%
16 June 10:02 AM Dubai's CPI down 3% in May 2021
UAE - Mubasher: The Consumer Price Index (CPI) of Dubai declined by 2.8% year-on-year (YoY) to 101.14 points in May, according to the latest data by the Dubai Statistics Centre (DSC). The prices of the housing, water, electricity, gas, and other …
Jafza recorded higher demand in its logistics and warehousing facilities
16 June 09:34 AM DP World sees 4% higher number of parks, economic zones in 2020
UAE - Mubasher: The total number of parks and economic zones registered by DP World UAE Region increased by 4% to 9,603 in 2020, compared to 9,246 in 2019, the Emirates News Agency (WAM) reported. The CEO and Managing Director of DP World - UAE …
Consumer prices still reflect an increase of the VAT
15 June 05:57 PM Saudi Arabia’s inflation rate hits 5.7% in May; wholesale prices up
Riyadh – Mubasher: The Consumer Price Index (CPI) of Saudi Arabia went up 5.7% in May this year, compared to the same month in 2020, according to official figures on Tuesday. The inflation rate in May was also higher by 0.2% than April, when it …
There are more than 6,000 Saudi companies operating in Egypt
14 June 05:31 PM Saudi Arabia to raise working capital in Egypt to $50bn
Riyadh – Mubasher: The Saudi working capital in the Egyptian market currently stands at $5 billion, with a target to increase this value to $50 billion, Head of the Saudi Egyptian Business Council (SEBC) Bandar Al Amri revealed. There are more …
Imports recorded the highest annual positive growth rate of 8.8% in Q1-21
14 June 12:55 PM Saudi Arabia’s GDP falls 3% in Q1-21 as oil sector declines
Riyadh – Mubasher: The Gross Domestic Product (GDP) of Saudi Arabia shrank 3% during the first quarter (Q1) of 2021 when compared to the same period last year, dragged by a plunge of 11.7% in the oil sector, according to official figures.          …
Photo Archive
14 June 12:16 PM ADQ could soon invest $500m in Flipkart
Abu Dhabi – Mubasher: ADQ is reportedly discussing a potential $500 million investment in India’s Flipkart, Bloomberg reported. The Emirati holding company is said to be in talks to inject funds into Flipkart ahead of the latter’s planned initial …
UAE’s medical device market to witness a 4.4% CAGR
14 June 11:54 AM UAE’s medical device market to hit over AED 5.5bn by 2025
UAE – Mubasher: The UAE’s medical device market is estimated to reach AED 5.6 billion by 2025, according to Fitch Solutions. The industry is also expected to witness a compound annual growth rate (CAGR) of 4.4% during the period from 2020 to 2025. …
Egypt aims to finance its budget deficit by offering debt instruments
14 June 10:51 AM Egypt auctions T-bonds worth EGP 16.5bn on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) is offering on Monday additional treasury bonds (T-bonds) worth EGP 16.5 billion in total over three tranches, according to official data. The first set of notes amounts to EGP 5 billion and holds …
International Cooperation Minister Rania El-Mashat and EBRD President Odile Renaud-Basso
13 June 08:42 PM Egypt, EBRD discuss joint cooperation within new strategy
Cairo – Mubasher: The Egyptian Minister of International Cooperation, Rania El-Mashat, met with the European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso to discuss cooperation within Egypt’s priorities and the …
Photo Archive
13 June 08:24 PM Egypt-Algeria bilateral trade expands by 14% in Q1
Cairo – Mubasher: A recent report by the Egyptian Commercial Service showed that trade exchange between Egypt and Algeria rose by 14% during the first quarter (Q1) of 2021, the Middle East News Agency (MENA) reported. The report showed that …
Photo Archive
13 June 08:16 PM Banque Misr signs EGP 500m contract for Tamkeen microfinance project
Cairo – Mubasher: Banque Misr signed on Sunday the contract for the Tamkeen microfinance project with a total value of EGP 500 million from the Enterprise Development Agency. The contract was signed in the presence of the Egyptian Minister of …
Photo Archive
13 June 07:30 PM DEWA to add 600MW clean energy capacity in 2021
Mubasher: The Dubai Electricity and Water Authority (DEWA) will add 600 megawatts (MW) of clean energy capacity using photovoltaic solar panels and concentrated solar power (CSP) this year. This will increase DEWA’s total power capacity from clean …
Dubai Health Authority (DHA)
13 June 04:29 PM Dubai says 80% of new COVID-19 cases were unvaccinated
UAE – Mubasher: The Dubai Health Authority (DHA) has revealed that vaccines against the coronavirus (COVID-19) reduce the risk of disease and hospitalization. The health authority has called upon everyone to get the vaccine, noting that eight out …
Photo Archive
13 June 04:12 PM Dubai’s external trade grows 10% in Q1
UAE – Mubasher: Dubai’s external non-oil trade has registered a 10% growth during the first quarter (Q1) of 2021, according to Dubai Customs. The trade volume reached AED 354.4 billion in Q1-21, compared with AED 323 billion in the same period …