Top News

The new 787 airplanes will be powered by engines manufactured by GE Aviation

25 February 06:04 PM Japan’s ANA orders up to 20 Boeing 787 Dreamliner aircraft

Mubasher: The Japanese airline group ANA HOLDINGS decided to order up to 20 additional Boeing 787 Dreamliner aircraft. The deal includes 11 787-10 jets, one 787-9 and options for five 787-9 airplanes valued at above $5 billion at list prices, …

Global Economy

25 February 05:28 PM Thomson Reuters appoints former Nielsen’s president as CEO

Mubasher: Thomson Reuters Corporation has named former Nielsen Holdings’ president Steve Hasker as the new CEO following Jim Smith, Reuters reported on Tuesday.

Global Markets brief

The UAE will receive around 3m international visitors during Expo 2020

25 February 05:12 PM Expo 2020 to attract additional 1.4m visitors from 5 key markets

UAE – Mubasher: Additional 1.4 million visitors from five key markets, namely India, Saudi Arabia, Philippines, the UK, and Pakistan, will arrive to the UAE during Expo 2020 Dubai. At the event, set to welcome 25 million visitors during the period …

Sector Reports

The UAE has suspended all flights arriving to and coming from Iran

25 February 04:33 PM UAE halts all flights to, from Iran over coronavirus fear

UAE – Mubasher: The UAE's General Civil Aviation Authority (GCAA) has suspended all flights arriving to and coming from Iran over the new coronavirus fear, according to the Emirates News Agency (WAM). The suspension of all passenger and cargo …

Global Economy

25 February 03:33 PM Kuwait’s health ministry confirms 8 coronavirus cases

Mubasher: Kuwait’s Ministry of Health announced that three Kuwaiti nationals had tested positive for the new coronavirus (COVID-19) epidemic, bringing the total infected cases to eight in the country until the moment. The three new cases arrived …

Global Economy

Bahrain's residents should adhere to health guidelines to combat the novel virus

25 February 12:00 PM Bahrain suspends flights from Dubai, Sharjah for 48 hrs over coronavirus

Mubasher: Bahrain’s The Civil Aviation Affairs (CAA) has suspended all flights to and from the Dubai International Airport (DXB) and Sharjah International Airport for 48 hours starting early hours of 25 February 2020. The CAA is collaborating with …

Global Economy

The decision came during the cabinet’s weekly meeting on Monday

25 February 10:34 AM Kuwait cancels celebrations of National, Liberation days on coronavirus fears

Mubasher: The Kuwaiti cabinet has cancelled all celebrations scheduled for the National and Liberation Day holidays until further notice. The cabinet called upon all citizens to consider the efforts and steps the government is taking to contain …

Global Economy

No entry visas will be issued for those coming from the four mentioned countries

25 February 10:03 AM Kuwait suspends various flights over coronavirus fears

Mubasher: Kuwait's Directorate General of Civil Aviation (DGCA) has suspended all flights to and from Iraq, South Korea, Thailand, and Italy. The decision is in accordance with the Ministry of Health’s instructions following the announcement that …

24 February 05:37 PM UK’s Behavox secures $100m investment from SoftBank Vision Fund 2

Mubasher: UK’s artificial intelligence (AI) start-up Behavox announced a $100 million investment from SoftBank Vision Fund 2.

Global Markets brief

24 February 05:11 PM PepsiCo inks agreement to acquire Be & Cheery at $705m

PepsiCo has signed an agreement to acquire Be & Cheery from Haoxiangni Health Food at a total value of $705 million.

Global Reports

24 February 02:01 PM China warns against travel to US due to unfair treatment

The Chinese government is warning its citizens against travelling to the US due to what it sees as unfair treatment to tourists from China.

Global Reports

The patient was immediately transferred to a medical centre

24 February 01:01 PM Bahrain confirms first coronavirus case

Mubasher: Bahrain’s Ministry of Health confirmed the first case of coronavirus (COVID-19) for a Bahraini citizen arriving from Iran, Bahrain News Agency (BNA) reported on Monday. The patient was suspected of having contracted the disease based …

Global Economy

24 February 12:44 PM First KPMG Insights Center inaugurated in Riyadh

Riyadh – Mubasher: KPMG officially opened its first Insights Center in the Middle East in its new head office in Riyadh. The facility was inaugurated by the Saudi Minister of Communications and Information Technology Abdullah Al Swaha. The opening …

Event

All cases are currently under constant medical observation

24 February 11:44 AM Kuwait announces coronavirus cases

Mubasher: The Preliminary tests conducted on passengers arriving from Iran’s Mashhad city indicated three confirmed cases carrying the China coronavirus (COVID-19). The cases include a 53-year-old Kuwaiti citizen, a 61-year-old Saudi national, …

Global Economy

A total of 130 Kuwaiti passengers arrived on Saturday from Iran

23 February 06:08 PM Kuwait bans entry of Iranian ships over coronavirus fears

Mubasher: Kuwait Ports Authority (KPA) announced that it would deny entry of vessels coming from Iran in Shuaiba, Doha, and Shuwaikh ports amid concerns over the spread of the new coronavirus (COVID-19) in Iran, Kuwait News Agency (KUNA) reported …

Global Economy

23 February 05:01 PM PepsiCo, Americana renews 25-year partnership

PepsiCo, the international food and beverage company, has renewed its 25-year partnership with Americana Group, one of the MENA’s largest restaurant operators and food manufacturers.

Global Reports

Kuwaiti citizens in Iran are mainly based in Tehran and Mashhad

23 February 01:20 PM Kuwait’s health ministry: Evacuees from Iran “free from Coronavirus”

Mubasher: All Kuwaiti nationals who have arrived from Iran on Saturday, 22 February, are “free from the new coronavirus (COVID-19) or any other communicable diseases”, Kuwait’s health minister Dr. Basel Al Sabah said. In a response to growing …

Global Economy

21 February 07:32 PM Chinese solar industry may rebound in 2020

Mubasher: The China Photovoltaic Industry Association (CPIA) expects the country’s new installations to reach a range between 35 and 45 gigawatts in 2020.

Oil and Energy

20 February 05:28 PM Global LNG demand forecast to double by 2024 – Shell

Mubasher: Global demand for liquefied natural gas (LNG) is forecast to double to 700 million tonnes by 2040.

Global Reports

20 February 05:09 PM Moody’s: Global investment banks spend $72bn annually to face fintechs

Mubasher: Global investment banks allocate $72 billion annually to develop their information technology (IT), including retail infrastructure and applications, to face threats by fintech companies.

Global Reports

20 February 04:57 PM Coronavirus adds pressures on Asia Pacific’s economy - Moody's

Mubasher: The outbreak of coronavirus contributes to slowing down the economic growth in Asia Pacific as it affected trade, tourism, and supply chains, Moody's referred.

Global Reports

20 February 04:55 PM Morgan Stanley to acquire E-Trade Financial Corporation for $13bn

Mubasher: American multinational investment bank Morgan Stanley has announced that it will acquire discount brokerage E-Trade Financial Corporation in a consideration of $13 billion.

Global Markets brief