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SAMA has claimed the Global Impact Award 2021 for Aber
16 June 03:21 PM SAMA says Aber project achieves main objectives
Riyadh – Mubasher: The Saudi Central Bank (SAMA) said the digital currency project Aber has succeeded to achieve its main objectives that mainly include understanding, experiencing, and analysing the maturity of the distributed ledger technology …
14 June 02:28 PM IMF considers $50bn plan to end COVID-19 pandemic
Dubai Health Authority (DHA)
13 June 04:29 PM Dubai says 80% of new COVID-19 cases were unvaccinated
UAE – Mubasher: The Dubai Health Authority (DHA) has revealed that vaccines against the coronavirus (COVID-19) reduce the risk of disease and hospitalization. The health authority has called upon everyone to get the vaccine, noting that eight out …
Tabuk will hold the marketing authorisation for the COVID-19 vaccine
13 June 01:11 PM Astra Industrial’s unit partners with Moderna to commercialise vaccine
Riyadh – Mubasher: Astra Industrial Group said its subsidiary Tabuk Pharmaceutical Manufacturing Company has signed a contract with Moderna to commercialise the latter’s COVID-19 vaccine and future variant-specific booster candidates in Saudi …
10 June 12:04 PM Net interest income represents 60% of banks’ revenues – Moody’s
8 June 03:40 PM Quorum acquires TietoEVRY's oil, gas software business
7 June 04:58 PM Bosch opens EUR 1bn chip plant in Germany
The Bosch Group has inaugurated a EUR 1 billion ($1.2 billion) chip plant in Dresden in Germany.
31 May 04:54 PM OECD raises global economic growth forecast to 5.8% in 2021
Mubasher: The Organisation for Economic Co-operation and Development (OECD) has raised its forecast global economic growth to 5.8%, up from a previous estimate of 5.6%.
Roberto Croci, Microsoft for Startups MEA’s Managing Director
27 May 01:03 PM Startup Lounge: Pandemic enabled tech solutions for business continuity - Roberto Croci
By: Ingy ElSafy Mubasher: The technology sector is playing a major role in carving out space for startups to grow and scale their business. One example is Microsoft, which has a programme dedicated to startups. Here in Startup Lounge, Mubasher …
25 May 02:51 PM Huawei to launch new operating system for phones
Huawei Technologies will be launching Harmony, its new operating system for smartphones.
25 May 01:27 PM UK's government borrowing drops for first time since pandemic
Mubasher: The UK’s government borrowing declined in April for the first time since the beginning of the coronavirus (COVID-19) pandemic.
Transmar witnessed a doubling of reefer container shipping exports in 2020
20 May 03:58 PM Transmar expands service to Jordan, covers some Red Sea ports
Cairo – Mubasher: Transmar is expanding its shipping services to Aqaba Port in Jordan, according to a press release.   The company’s expansion strategy covers “the most important ports in the Red Sea,” including Adabiya, Sokhna, Jeddah, Port …
19 May 03:19 PM Britain’s house prices up 10% in March
19 May 03:09 PM BP, Eni in talks to merge Angolan oil, gas interests
BP and Eni have inked a non-binding MoU to enter into talks to combine their upstream portfolios in Angola.
19 May 02:08 PM Chestertons expands global footprint across Europe, Africa
17 May 04:45 PM AT&T inks $43bn deal to combine WarnerMedia with Discovery
AT&T has entered into a definitive agreement to merge its WarnerMedia assets with Discovery.
Seera will be the exclusive partner of Klook in the Kingdom
17 May 03:57 PM Seera, Klook to boost digital transformation of tourism sector
Riyadh – Mubasher: Seera Group has entered into a strategic partnership with travel and leisure booking platform Klook to enhance the digital transformation and growth of Saudi Arabia’s tourism sector, according to a press release on Monday. Seera …
13 May 04:33 PM Google awarded cloud deal from Elon Musk’s SpaceX
Google Cloud has been awarded a cloud deal to provide computing and networking resources to SpaceX.
13 May 02:57 PM Samsung Electronics to raise logic chip investments to $151bn
Samsung Electronics will raise its investments in logic chip businesses to KRW 171 trillion through 2030.
Plastic waste often impact marine life, ecosystems, and food chains
30 April 03:46 PM Egypt could soon ban single-use plastics amid COVID-19
By: Moslem Ali Cairo – Mubasher: Plastic bags that are often used for an average of 25 minutes could take more than 20 years to decompose, while other single-use plastic products, according to the World Wildlife Fund (WWF), might need between 400 …
Noor Sweid, Founder and General Partner, Global Ventures
29 April 12:57 PM Startup Lounge: Health, edutech investments to flourish after pandemic – Noor Sweid
By: Ingy ElSafy Mubasher: The Middle East carries plenty of appeal for regional and international investors due to the favourable macroeconomic fundamentals that underpin these markets. Meanwhile, the sectors that have witnessed increased …
29 April 12:05 PM Gold demand declines in Q1 due to ETF outflows
The overall demand for gold declined during the first quarter (Q1) of the year by 23% year-on-year (YoY) to 815.7 tonnes, recent data suggests.
Egypt’s exports to Jordan increased to $495.4 million last year
27 April 02:58 PM Bilateral trade between Egypt, Jordan amounts to $616m in 2020
Cairo – Mubasher: Trade exchange between Egypt and Jordan grew to $616.3 million in 2020, compared to $567.5 million in 2019, the Head of the Egyptian Commercial Service Office in Amman, Mona Abboud, was cited as saying by the Middle East News …
Egypt's Minister of International Cooperation, Rania El-Mashat
26 April 01:41 PM Egypt to build greener more inclusive economy after COVID - Rania El-Mashat
By: Moslem Ali and Ahmed Allam Cairo – Mubasher: Egypt was the only country in the region to achieve positive economic growth last year, despite the coronavirus (COVID-19) pandemic. Now, the country aims at taking the recovery as a chance to …
The Kom Ombo solar plant is expected to serve 130,000 households
22 April 02:48 PM Egypt's largest solar plant secures $114m funding
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF), and Arab Bank signed a financing package …