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The Late Sheikh Sabah Al Ahmad Al Jaber Al Sabah
29 September 07:44 PM Emir of Kuwait passes away aged 91 years
Mubasher: The Emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah has passed away on Tuesday, at 91 years of age. The late Emir has ruled Kuwait since 2006, before that he was the Minister of Foreign Affairs for around four decades. "With …
The gold pound is priced at EGP 6,504
28 September 05:58 PM Gold prices in Egypt continue to drop
Cairo – Mubasher: Gold prices continued to decline in the Egyptian market on Monday, pressured by lower global prices of the precious metal, Ehab Wassef, Deputy Head of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC), …
The price of 21-karat gold registered EGP 816 per gram
24 September 04:50 PM Egypt’s gold prices fall EGP 10/gram on Thursday
Cairo – Mubasher: Gold prices in Egypt slid by EGP 7-10 per gram on Thursday as global prices continued to decrease, Ehab Wassef, a member of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC), said. The price of …
The price of 21-karat gold registered EGP 825 per gram
23 September 04:19 PM Egypt's gold prices drop on lower global prices
Cairo – Mubasher: Gold prices continued the downward trend in the Egyptian market, falling by EGP 5 per gram on Wednesday as global prices of the precious metal fell to $1,888 per ounce, Ehab Wassef, a member of the gold division at the Federation …
The USD registered EGP 15.72 for buying at NBE and ALEXBANK
10 September 03:10 PM EGP rises against USD to highest level since mid-May
Cairo – Mubasher: The Egyptian pound exchange rate rose against the US dollar at local banks on Thursday, hitting its highest level since mid-May. The US dollar registered EGP 15.72 for buying and EGP 15.92 for selling, according to data by the …
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10 September 11:22 AM SAGO offers tender to buy 715K tonnes of wheat
Riyadh – Mubasher: Saudi Grains Organization (SAGO) will offer this year’s fourth tender to import 715,000 tonnes of wheat for the period from November 2020 to January 2021, state-run Saudi Press Agency (SPA) reported on Thursday. SAGO’s governor, …
Murban crude was priced at minus $0.50 per barrel in October
8 September 01:10 PM ADNOC cuts Murban crude oil price for October
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has lowered the official selling price (OSP) of its benchmark Murban crude at minus $0.50 per barrel (pb) to Platts Dubai for October, down by $1.35 from September, Reuters reported on …
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6 September 10:21 AM Saudi Aramco cuts October Arab light crude price to Asia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) slashed the October official selling prices (OSPs) for the Arab light crude it sells to Asia by $1.40 a barrel, to 50 cents a barrel below the Oman/Dubai average, Reuters recently …
Saudi Stock Exchange (Tadawul)
2 September 04:39 PM Your guide to the new Saudi derivatives market - Infographic
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) launched the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product. The financial derivatives market will offer investors a …
The derivatives market will be launched on Sunday, 30 August
27 August 04:26 PM Investors awaiting launch of Saudi derivatives market next week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is close to launching the Derivatives Market to start trading of the kingdom's first exchange-traded derivatives product. Many market analysts affirmed the launch, set to take place on Sunday, …
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud
27 August 02:45 PM Saudi foreign minister arrives in Iraq
Riyadh - Mubasher: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Al Saud on Thursday arrived in Baghdad on an official visit, Al Arabiya reported. The minister will explore various political, security, and economic matters between the …
The deadline for bid submission is 10:00 GMT on Tuesday
25 August 10:41 AM Egypt launches int'l wheat tender
Cairo – Mubasher: The Egyptian General Authority for Supply Commodities (GASC) has launched an international tender to purchase an unspecified amount of wheat to be delivered between 11 and 31 October, Reuters reported late on Monday. The …
The USD registered EGP 15.85 for buying at AAIB and EG Bank
24 August 04:26 PM EGP rises against USD to highest level since May
Cairo – Mubasher: The Egyptian pound exchange rate continued to increase against the US dollar at local banks on Monday, hitting its highest level in more than 12 weeks. The USD exchange rate declined to EGP 15.83 for buying and EGP 15.93 for …
Egypt's consumption is expected to stand at 20.8 million tonnes
23 August 03:37 PM Egypt’s wheat imports likely to drop this season – Report
Cairo – Mubasher: Egypt’s wheat imports are expected to fall marginally to 13 million tonnes in marketing year 2020/2021 from 13.3 million a year earlier and 12.35 million in 2018/2019, according to a recent report by the US Department of …
This recession is forecast to drive lower investments
20 August 12:30 PM What should the world learn from the COVID-19 crisis?
By: Marina Gamil Mubasher: Economies have been hit hard by the coronavirus (COVID-19) pandemic, which affected people’s lives, slowed down activity, and disrupted financial markets and supply chains, pushing the world to think of new ways to …
The three-day event was held between 13 and 15 August
16 August 03:32 PM How can businesses prepare for the next pandemic?
By: Amal A. Wahaab Cairo – Mubasher: RiseUp Summit has recently concluded its first virtual event, RiseUp from Home, which was launched in line with the preventive measures against the coronavirus pandemic. The three-day event was held on 13-15 …
How the pandemic changed the e-payments outlook in MENA?
12 August 07:27 PM The future of e-payment solutions after COVID-19
By: Moslem Ali Cairo – Mubasher: “Stay Home” is a global call that spread across the world over the past months, signalling not only a new public policy and a health precaution against an infectious disease but a turning point in how markets …
Egypt's Minister of International Cooperation, Rania El-Mashat
9 August 05:54 PM Egypt launches first platform for closing the gender gap accelerator
Cairo – Mubasher: The Egyptian Ministry of International Cooperation and the National Council for Women with the World Economic Forum hosted the first multi-stakeholder platform on “Closing the Gender Gap Accelerator”, the first in Africa and MENA …
The joined members can now provide brokerage services for derivatives trading
9 August 05:11 PM Tadawul welcomes five members to derivatives market
Riyadh - Mubasher: The first group of the derivatives exchange members has joined the Saudi Stock Exchange’s (Tadawul) derivatives market after completing all necessary regulatory and technical requirements and procedures. The list includes NCB …
The third stage will be conducted on 5,000 participants in the kingdom
9 August 09:37 AM Saudi Arabia starts phase three clinical trial of COVID-19 vaccine
Riyadh – Mubasher: The Saudi Ministry of Health announced it began clinical trials for a coronavirus (COVID-19) vaccine in the kingdom, within the framework of a cooperation agreement between the kingdom and China, according to an official …
The price of 24-karat gold amounted to EGP 1,046 per gram
5 August 04:05 PM Egypt's gold prices rise to all-time high
Cairo – Mubasher: Gold prices continued its rising trend in the Egyptian market, reaching an all-time high on Wednesday, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC). The price of 24-karat gold …
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3 August 01:56 PM Average Dubai crude oil price rises to $43.278 pb in July
Dubai – Mubasher: The average Dubai crude price, as quoted by price-reporting agency S&P Global Platts, marked its highest since February after rising by 2.487% in July 2020, Reuters reported on Monday citing sources in the oil industry as …
Forbes launched the list last year
3 August 11:02 AM Fashion sector represents 42% of Forbes’ Women Behind Middle Eastern Brands 2020 list
Mubasher: This year’s Women Behind Middle Eastern Brands 2020 featured female trailblazers who managed to sustain their successful brands and push the boundaries despite the COVID-19 pandemic. The list, launched initially last year by Forbes, …
The price of 24-karat gold stood at EGP 958.85 per gram
23 July 03:12 PM Gold prices register new record high in Egypt
Cairo - Mubasher: Gold prices in the Egyptian market recorded on Thursday its highest level ever, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC). The higher gold prices in the Egyptian market came …
Kuwaiti oil settled at $44.45 per barrel
23 July 02:24 PM Kuwaiti oil gains $0.23 on Wednesday
Mubasher: The price of the Kuwait crude oil increased by 23 cents on Wednesday, according to data by the Kuwait Petroleum Corporation (KPC). Yesterday, Kuwaiti oil settled at $44.45 per barrel (pb), compared with $44.22 pb on Tuesday, Kuwait News …