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Sector Reports

Global Business Forum 2019 hosted 350 bilateral business meetings
3 hours ago Recap of ‘Day 2’ in Global Business Forum Africa 2019 – Mubasher
UAE – Mubasher: The Second and final Day of the fifth edition of ‘Global Business Forum Africa 2019’ was on Tuesday, 19 November 2019, where it witnessed discussions of important topics under the theme "Scale-Up Africa”. Being held under the …
GBF Africa 2019 kicked off on Monday, 18 November
3 hours ago Recap of ‘Day 1’ in Global Business Forum Africa 2019 – Mubasher
UAE – Mubasher: The fifth edition of the two-day event ‘Global Business Forum Africa 2019’ kicked off on Monday, 18 November 2019, under the theme "Scale-Up Africa" and the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and …
Dubai Chamber is an official partner at Expo 2020
4 hours ago Next edition of GBF Africa among Expo 2020 business events
UAE – Mubasher: The next edition of Global Business Forum Africa (GBF Africa) will take place at Expo 2020, president and CEO of Dubai Chamber of Commerce and Industry, Hamad Buamim, said. Commenting on the conclusion of the fifth edition of the …
The concept was presented at the 2019 Knowledge Summit in Dubai
4 hours ago Could vertical cities help combat climate change?
Dubai – Mubasher: Italian architect Luca Curci proposes depending on vertical cities as a sustainable way of living to combat the effects of global warming and the subsequent rising sea levels. Curci presented the concept of a zero-energy city on …
Alaa El-Shimy, Managing Director and VP Enterprise Group, Middle East and Pakistan, Huawei
03:11 PM UAE tops region in adopting AI, smart technologies
Dubai – Mubasher: The UAE is moving forward and leading the region in adopting artificial intelligence (AI) and smart technologies, said experts and analysts during the 8th edition of the Chief Audit Executive Conference (CAE) in Dubai. During his …
Photo Archive
01:54 PM Saudi Ports issues new rules for container ships
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) has decided that operators of container ships flying foreign flags are exempted from the requirements of coastal transportation between Saudi ports for two years. The aim is to better serve and …
KSA plans to attract $30-50 billion of new investments into renewables by 2030
20 November 05:21 PM Saudi Arabia seen as potential green finance hub - Report
Riyadh - Mubasher: Saudi Arabia could become the centre for green finance in emerging markets, bringing huge economic and commercial benefits to the economy in line with the Saudi Vision 2030, according to KPMG International. The Saudi government …
Global clinical laboratory services are projected to increase to $333 billion
20 November 01:42 PM Clinical laboratory services in MidEast, Africa likely to hit $14bn by 2023
Dubai – Mubasher: Medlab Middle East saw a 6% increase year-on-year in attendees to more than 25,661 during the 2019 edition which witnessed over $152 million worth of business deals. The largest medical laboratory exhibition and congress in the …
Photo Archive
20 November 12:14 PM Savola tops Tadawul-listed firms turning profitable in Q3
By: Thabet Shehata Riyadh – Mubasher: The financial statements for the third quarter (Q3) of 2019 showed that 25 companies listed on the Saudi Stock Exchange (Tadawul) turned to profits between June and September, achieving SAR 711 million, …
1.62 million students are enrolled at higher education institutes in KSA
19 November 06:20 PM Robust growth seen for Saudi higher education market
Riyadh – Mubasher: The higher education market in the Kingdom of Saudi Arabia is the largest single education market in the combined Arabian Gulf region, according to Colliers International. A total of 1.62 million students were enrolled at higher …
The UAE welcomed 2.89 million Indian tourists last year
19 November 03:20 PM Indian tourism to GCC to grow 81% in 6 yrs
Mubasher: Indian tourists travelling to the Gulf Cooperation Council (GCC) countries are forecasted to increase by 81% from 5.4 million in 2018 to 9.8 million in 2024. The number of Indian visitors is expected to register a compound annual growth …
Not only developed economies can benefit from intelligent connectivity
19 November 12:12 PM Intelligent connectivity catalyst for GDP growth – Huawei Report
Mubasher: A recent report by Huawei showed that countries with scores over 65 on the Global Connectivity Index (GCI) that made continuous investment in intelligent connectivity can expect a boost in the gross domestic product (GDP) by more than …
Bandar Al-Khorayef, Minister of Industry and Mineral Resources
18 November 02:19 PM Saudi Arabia launches Future Factory Show
Riyadh – Mubasher: The industrial sector in Saudi Arabia is adapting to the digital transformation and industrialization, according to the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, in his opening speech to the 2019 …
Saudi Arabian Monetary Authority
14 November 10:01 AM SAMA updates actuarial regulations for insurance sector
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) announced updating actuarial regulations of insurance and reinsurance companies, according to a statement on Wednesday. SAMA called upon the general public and interested parties to …
Saudi Arabia aims to diversify its economy and reduce dependence on oil exports
13 November 02:30 PM KSA Logistic Hub promotes investment opportunities in Cairo
Riyadh – Mubasher: The Kingdom of Saudi Arabia (KSA) Logistic Hub, a Saudi government initiative, completed its third stop in Cairo, as part of a global roadshow, Saudi Press Agency (SPA) reported. The initiative showcased investment opportunities …
Exchange companies registered profits of KWD 13.77 million by September
12 November 12:43 PM Kuwaiti exchange companies’ profits down 4% in 9M
Mubasher: Foreign exchange companies in Kuwait saw a 4% decrease in net profits during the first nine months of the year, according to a statement by the Central Bank of Kuwait (CBK). Exchange companies registered profits of KWD 13.77 million …
Tourism revenues amounted to KWD 108.4 million in the first half of 2019
11 November 04:33 PM Kuwait’s tourism revenues jump 69% in H1
By: Eman Ghaly Mubasher: Kuwait has achieved a 69.4% surge in tourism returns during the first half (H1) of the year, as shown by a Mubasher survey. Tourism revenues amounted to KWD 108.4 million ($357.48 million) in the six-month period ended 30 …
Arabian Travel Market 2019
11 November 01:40 PM Russian tourism to GCC to generate $1.22bn by 2023 - Report
Mubasher: Russian tourists flying to the Gulf Cooperation Council (GCC) member countries are forecast to record a higher travel and tourism revenue of $1.22 billion by 2023, increasing by 19% compared with 2018 figures, according to data released …
Spending on tourism abroad reached KWD 2.818 billion in the first half of 2019
7 November 02:07 PM Kuwait’s spending on foreign tourism rises 31% in H1
By: Eman Ghaly Mubasher: Kuwaitis have spent 31.38% more on tourism abroad during the first half of the year (H1), according to a Mubasher survey based on the data of the Central Bank of Kuwait (CBK). Spending on tourism reached KWD 2.818 billion …
Boursa Kuwait
6 November 02:14 PM Boursa Kuwait's Gulf, foreign investors net buyers in October - Report
By: Mohamed Farouk Mubasher: Boursa Kuwait showed in October, a tendency among gulf and foreign investors towards buying, with their investments netting KWD 24.67 million ($81.5 million) by the end of the months. The total purchases by …
Prices charged for goods and services fell during October
5 November 02:24 PM Saudi non-oil private sector improves at fastest pace in since August 2015 – PMI
Riyadh – Mubasher: Saudi Arabia’s non-oil private sector entered the last quarter of 2019 on a stronger footing, with business conditions improving at the fastest pace since August 2015, according to a report compiled by IHS Markit for Emirates …
Outlook for business activity improved in October from the three-year low in September
5 November 01:08 PM Egypt’s non-oil private sector slightly drops in October – PMI
Cairo – Mubasher: Business conditions of Egypt’s non-oil private sector have slightly weakened during October due to lower sales and output.  The seasonally adjusted Emirates NBD Egypt Purchasing Managers’ Index (PMI) declined to 49.2 in October, …
Hatem Sleiman, Regional Vice President - Middle East, Pakistan & Afghanistan, Western Union
31 October 11:53 AM Sleiman in Interview – Western Union starting to leverage platform in new ways
Mubasher: Western Union, the US worldwide financial services and communications company, has enhanced the UAE with the latest generation of omni-channel platform in a way of confirming the deep commitment to keeping the Middle East at the …
Total reserves reached SAR 496.04 billion by the end of September
29 October 03:55 PM Saudi general reserves hits SAR 496bn end-September
Riyadh – Mubasher: Saudi Arabia’s genreral reserves declined by 13.5% year-on-year in September. Total reserves reached SAR 496.04 billion by the end of September, compared to SAR 573.74 billion in September 2018, according to recent data by the …
Ready-made garment group was up by 35.1%
28 October 02:00 PM Egypt’s industrial production grows 21.6% in Q4-18
Cairo – Mubasher: The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the Egyptian industrial production, excluding crude oil and petroleum products, surged annually by 21.6% during the fourth quarter of 2018.      The …