Mubasher Exclusive

FlyDubai announced signing a $27-billion
16 November 07:33 PM Dubai Airshow 2017 marks $113.8bn deals
By: Amr Adel Dubai – Mubasher: Deals and agreements signed during the 15th round of the Dubai Airshow 2017 which concluded on Thursday marked a record high of AED 417.6 billion ($113.8 billion). The event, which is held once every two years in …
Officials from Mubasher Financial Services receiving the award during the event
16 November 06:09 PM Mubasher Financial Services awarded Best Brokerage in Middle East
Dubai – Mubasher: Mubasher Financial Services (MFS) has been awarded the “Broker of the Year” in the Middle East. The announcement was made in an annual event sponsored by The Global Investor Group magazine which celebrates the top companies in …
Amman Municipality inked an agreement with the EBRD to transform the capital into a smart city
15 November 06:23 PM Jordan offers tax cuts to attract private investments in infrastructure
By: Moslem Ali Cairo - Mubasher: Jordan is currently trying to overcome the economic decline it witnessed since the Arab Spring, said the Jordanian minister of planning and international cooperation, Imad Najib Fakhoury. Jordan faced some of the …
Indigo Partners will receive upgraded narrow-body aircraft
15 November 01:18 PM Airbus reaches $50bn deal with USA’s Indigo Partners
By: Amr Adel Dubai – Mubasher: Airbus on Wednesday unveils the closing of a major deal to sell 430 A320neo jets to four companies in Indigo Partners’ investment portfolio in consideration of around $50 billion during Dubai Airshow 2017. Under the …
Global wealth increased by 27% in the last decade to a total $280 trillion
14 November 11:48 PM US dominates global wealth, Egyptians lost half theirs in year
Mubasher: Individual wealth surged 6.4% in a year, recording its highest annual increase since 2012, with Egypt leading the top losers due to the local currency flotation. Global wealth increased by 27% in the last decade to a total $280 trillion, …
EgyptAir and Bombardier officials signing the deal at the Dubai Airshow
14 November 05:58 PM EgyptAir inks $2.2bn 24-jet deal with Canada’s Bombardier
By: Amr Adel Dubai – Mubasher: National carrier EgyptAir on Tuesday signed a letter of intent (LOI) with Canada’s Bombardier to purchase 24 CS300 jets at a total value of $2.2 billion. The deal, which was signed during the third day of the Dubai …
The UAE Armed Forces inked a contract with Abu Dhabi-based Etihad Airways
14 November 05:08 PM UAE’s MOD closes 8 new deals at Dubai Airshow
By: Amr Adel Dubai – Mubasher: The UAE’s Ministry of Defence (MOD) on Tuesday announced the signing of eight deals in the third day of the Dubai Airshow. The new deals worth AED 3.34 billion were closed with three local and five international …
Oman’s minister of energy Mohammed Hamad Al Rumhy
13 November 12:55 PM Oman oil minister forecasts oil output cut extension
By: Amr Adel Abu Dhabi – Mubasher: Oman’s minister of energy Mohammed Hamad Al Rumhy told reporters on Monday that he was confident that members within and outside of the Organization of Petroleum Exporting Countries (OPEC) will agree to another …
I am optimistic about oil market’s performance in 2018
13 November 11:49 AM Global oil market to see recovery – UAE energy minister
By: Amr Adel Abu Dhabi – Mubasher: The UAE’s minister of energy and industry Suhail bin Mohammed Al-Mazroui on Monday said he expects that the global oil market to continue its recovery during 2018. The decision to cut oil production has helped in …
Boeing had around 630 purchase orders in Middle East
11 November 05:31 PM Boeing sees Middle East as key market for growth - VP
Dubai - Mubasher: Boeing is expecting an increase in demand on commercial airplanes in the Middle East, said the company’s vice president of sales in the Middle East, Russia and Central Asia. Marty Bentrott added in a press conference in Dubai on …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …
UAE rose to 21st, ranking highest among Arab countries
31 October 02:59 PM UAE, Saudi rise, Egypt slips in Nation Brands – Report
By: Nada Adel Sobhi Mubasher: Several countries have seen positive movements in the Brand Finance 2017 Nation Brands Report, while others have slipped or taken major falls such as Qatar and Bahrain. Globally, the US, China, Germany, Japan, the UK, …
UAE Minister of Energy Suhail Al Mazroui
30 October 03:49 PM UAE supports extending the OPEC output deal
Abu Dhabi - Mubasher: The Emirati minister of energy, Suhail Al Mazroui said that oil markets need an extension of the oil production cut agreement beyond March 2018. Al Mazroui stressed to reporters on the sidelines of the International …
Futures contracts would be settled in cash, as each contract will be matched with 100 basic shares.
24 October 08:25 PM UAE Futures attracts foreign money flow – Analysis
By: Mahmoud Gamal Dubai – Mubasher: The new UAE’s futures markets on Nasdaq Dubai’s platform will allow investors to hedge markets’ declines and help increasing foreign money flows. On Tuesday, Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai …
ENOC directed nearly $10 million to environmental sustainability and energy saving in the last 8 years
23 October 07:30 PM ENOC rules out IPO, plans 20-yr extension for Dragon Oil contract
By: Amr Adel Dubai - Mubasher: Emirates National Oil Company (ENOC) is currently negotiating with the government of Turkmenistan to renew the contract of Dragon Oil Company for another 20 years, ENOC's CEO said on Monday. ENOC's current contract …
EBRD Director of Power and Energy Utilities Harry Boyd Carpenter
18 October 04:41 PM Egypt enjoys unique factors to invest in renewable energy - Interview
By: Moslem Ali Cairo - Mubasher: The European Bank for Reconstruction and Development (EBRD) has recently made the biggest single commitment in its history to renewable energy in one country to finance projects in Egypt. The bank’s board approved …
Commitment to the OPEC output agreement amounted to 86% year-to-date
15 October 06:00 PM Supply levels, geopolitical risks to shape oil market in 2018
By: Moslem Ali Cairo - Mubasher: The change in the US policy towards Iran could impact oil markets, after American President Donald Trump refused to renew the Iran nuclear deal. Trump has threatened not to certify the deal and even terminate it, …