Global Economy

"We are very grateful to the US companies"
21 May 11:15 PM Huawei is ready for US ban, keen on relations with American companies
Mubasher: Huawei is ready to deal with the US ban and the 90-day extension is not significant, founder and CEO of Huawei Ren Zhengfei told Chinese state newspaper China Daily. Yesterday, the US Commerce Department stated that it gave Huawei a …
LG’s 2019 TVs include conversational voice recognition feature
20 May 11:39 AM LG develops world’s 1st Arabic-supported AI televisions
Mubasher: LG Electronics (LG) has announced the first Arabic voice service support in its 2019 televisions that are enabled with Artificial Intelligence (AI) technology. The 2019 TVs from LG come with unique ‘ThinQ AI platform’ which deploys a …
‘Ai Everything Summit 2019’ kicked off in Dubai on 30 April
19 May 10:17 AM UAE leads GCC in adopting Fourth industrial revolution
Mubasher: The current industrial revolution will not include organisations that do not adapt by using new digital technologies, including the internet of things (IoT) and Artificial Intelligence (AI). Such entities are expected to fail to be ready …
"We are going to do the right thing as we always do"
18 May 01:21 PM OPEC to take flexible position over market’s needs – Al-Falih
Riyadh – Mubasher: OPEC is ready to act on the market’s needs, while supply shortage is not certain, as the US stockpiles rose, Saudi Arabia’s energy minister Khalid al-Falih stated on Saturday. The US Energy Information Administration (EIA) …
Autonomous transport something that the UAE is already actively involved in
16 May 10:44 AM Genomic medicine amid UAE’s goals in Fourth Industrial Revolution – Colliers
Mubasher: The Fourth Industrial Revolution (4IR) is becoming an endorsing factor for economies all over the world and it is currently being seen in various sectors such as real estate, banking, entertainment, healthcare, and the new trend of …
Two Seasons Hotel & Apartments will open in Al Barsha in 2022
9 May 02:54 PM Two Seasons Hotels expands operations in UAE, Morocco
Mubasher: Two Seasons Hotels management company has unveiled updates on its four new upcoming properties in the UAE and Morocco during its participation as an exhibitor in the Arabian Travel Market (ATM) 2019. In Dubai, the hospitality group will …
The new app replaces all the apps previously launched for the group’s individual hotel brands
9 May 01:43 PM Emaar Hospitality launches fully-integrated app for guest experiences
Mubasher: Emaar Hospitality, a subsidiary of the leading Dubai-based Emaar Properties, on Thursday announced the launch of a single-point mobile app that covers all the hotel, hospitality, and leisure experiences under the group. The …
The tender is organised and managed by Tony’s Auction World
8 May 03:02 PM DMCC to host world’s 1st diamonds tender on DDE
UAE – Mubasher: Dubai Multi Commodities Centre (DMCC) said it will host the world’s first rough laboratory-grown diamonds tender on its Dubai Diamond Exchange (DDE) in Almas Tower, Dubai. The tender, running from 11 to 13 May, comes in line with …
ECOS Hotels will be the benchmark for the hospitality sector across the region
8 May 02:43 PM Hospitality Management Holding expands through new brand ECOS Hotel
UAE - Mubasher: Hospitality Management Holding (HMH) has launched ECOS Hotels to compliment the diversity of its existing portfolio, with the addition of a lifestyle brand. The ECOS Dubai Al Furjan Hotel is expected to be officially open to guests …
The entire selection and purchasing process takes place in the app
8 May 01:04 PM Startup COFE App partners with Careem for Ramadan Campaign
Mubasher: The online coffee-centric marketplace in Kuwait COFE App has collaborated with Careem, the leading internet platform across the middle east, to initiate ‘Ramadan is Careem with COFE’ campaign. Based on this partnership, the two …
FAB is looking forward to boosting its footprint across the kingdom
2 May 04:42 PM FAB opens 1st branch in Saudi Arabia
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has officially opened its first branch in Saudi Arabia in Al Cayan Tower, Riyadh, the UAE's biggest bank by assets said in a statement on Thursday. The new branch comes along with FAB’s expansion …
Souq was bought by Amazon for $580 million in 2017
1 May 04:50 PM Amazon officially opens in UAE
UAE – Mubasher: After months of speculation, Amazon will finally offer its US products in the UAE. Customers in the UAE were only able to access Dubai-based Souq.com, which offered a small range of the US giant’s products as well as items from …
Around 100 of most cutting-edge tech companies will attend the two-day event
30 April 10:19 AM Ai Everything Summit 2019 kicks off in Dubai
UAE – Mubasher: Ai Everything (AiE), the world’s foremost summit on Artificial Intelligence (AI), kicks off in Dubai on Tuesday, 30 April, at the Dubai World Trade Centre (DWTC). Wrapping up on 1 May, the event is held under the patronage of …
Swiss-Belhotel International will expand and reinforce its position in the GCC
29 April 02:47 PM Swiss-Belhotel International eyes 25 hotels by 2025 in MENA
Mubasher: Swiss-Belhotel International plans to expand its business across the Middle East and North Africa (MENA) region by opening new hotels in the GCC as its main growth market in the region. The leading hospitality entity plans to have 25 …
Airport Show 2019 will host up to 375 exhibitors
29 April 10:15 AM Airport Show 2019 kicks off in Dubai
UAE – Mubasher: The 19th edition of Airport Show 2019 was launched on Monday, 29 April, in Dubai at the Dubai International Convention and Exhibition Centre (DICEC). The world’s largest annual airport exhibition carries the theme “Smart Airports,” …
This centre was opened in cooperation with the World Economic Forum (WEF)
28 April 05:30 PM UAE opens region’s 1st Fourth Industrial Revolution centre
UAE – Mubasher: The UAE government has opened on Sunday the Emirates Centre for the Fourth Industrial Revolution (C4IR) in Dubai. This centre was opened in cooperation with the World Economic Forum (WEF) to be the first of its kind in the region …
The AI News Anchor is the first Arabic-speaking in the world
28 April 04:17 PM ADM introduces world’s 1st Arabic speaking AI News Anchor
UAE – Mubasher: Abu Dhabi Media (ADM) and Chinese Sogou Inc. on Sunday jointly announced the development of the first AI News Anchor that will present news in Arabic and English on ADM’s channels, ADM said in a statement. This reflects ADM’s …
STC added that it will keep the 2G network open and available for its customers
28 April 03:57 PM STC announces shutdown of 3G network
Riyadh – Mubasher: The Saudi Telecom Co (STC) plans to permanently shut down the 3G network by 2020. This decision comes in line with the ‘DARE Strategy’ adopted by the Saudi company to expand STC’s topline, create value with greater efficiencies, …
Careem NOW's target countries will grow to around $25 billion by 2022
28 April 01:31 PM Careem NOW boosts footprint in Riyadh
Riyadh – Mubasher: Careem’s food delivery service “Careem NOW” on Sunday announced that it has expanded its services to Riyadh, expanding its platform beyond ride-hailing. More than 100 restaurants and outlets will be available to order from at …
ATM 2019 will take place at the Dubai World Trade Centre
28 April 11:55 AM ATM 2019 kicks off Sunday in Dubai
UAE – Mubasher: The 26th edition of the  Arabian Travel Market (ATM 2019) kicks off in Dubai on Sunday, 28 April.   The largest travel industry exhibition in the Middle East (ME), which is part of Arabian Travel Week, will take place at the Dubai …
Tickets will go on sale to the public in April 2020
28 April 08:57 AM Expo 2020 Dubai announces ticket prices
UAE – Mubasher: Ticket prices to Expo 2020 Dubai will be priced at AED 120 ($33) a day, organisers said in a statement on Saturday. The three-day ticket, which can be used on any of the three days during the 173 days of the Expo, will cost AED 260 …
PSA seeks to raise its GCC market share by 5% in the coming five years
24 April 11:08 AM Peugeot to launch 1st electric vehicle in UAE by 2020
UAE – Mubasher: French automaker PSA, which makes the Peugeot, Citroen, and DS brands, announced plans to uncover the first electric vehicle of the Peugeot brand in the UAE by 2020 or 2021. The group seeks to boost its footprint in the UAE in …
The newly formed ministry will start working on many projects
23 April 04:19 PM UAE launches world’s 1st Ministry of Possibilities
UAE – Mubasher: Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Tuesday launched the Ministry of Possibilities, the first of its kind across the world. “We’ve launched a new government branch today. The Ministry of Possibilities. …
The four-day event will include a diverse conference programme
23 April 02:22 PM CONNECT Middle East, India & Africa forum to welcome 40 airlines on 28 April
UAE – Mubasher: Up to 40 airlines and more than 60 represented airports have confirmed that they will participate at the inaugural CONNECT Middle East, India and Africa – co-located with Arabian Travel Market 2019 (ATM 2019), CONNECT said in a …
TIME Hotels will be exhibiting on stand HC0620 during ATM 2019
22 April 04:33 PM TIME Hotels plans to open 35 properties in Middle East by 2025
Mubasher: The UAE-headquartered hospitality company and hotel operator TIME Hotels plans to launch five properties across the Middle East during 2019. A further expansion to its business is planned, as TIME Hotels targets 35 properties by 2025.   …