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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
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 …
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 …
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 …
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 …
UN in 2015 led its member states to adopt the 2030 Agenda for Sustainable Development
22 April 12:06 PM Are MENA countries on track with achieving SDGs?
By: Ingy ElSafy Mubasher: The United Nations (UN) led its member states in 2015 to adopt the 2030 Agenda with 17 Sustainable Development Goals (SDGs) that include 169 specific targets, covering social, economic, and environmental dimensions, in …
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 …
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 …
The currency will not replace cash and bank deposits
19 April 03:47 PM UK mulls creating new digital currency
Mubasher: The UK Treasury and Bank of England (BoE) announced the creation of a joint taskforce to explore a potential central bank digital currency (CBDC). The currency “would be a new form of digital money issued by the Bank of England and for …
Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group
29 March 01:47 PM We aim at increasing investors in Arab markets - Mubasher Chairman
Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies. More than 10 years …
15 April 03:36 PM CNG car sales in India up on rising fuel prices
15 April 01:44 PM Eastern Europe’s construction industry likely to grow 3.6% in 2021
15 April 01:14 PM Dell to get up to $9.7bn following VMWare stake spinoff
Mubasher: Dell Technologies Inc plans to spin off its 81% equity ownership in cloud computing and virtualization software firm VMware.
AFE Saudi Arabia 2021 will be held on 29-30 March
25 March 03:09 PM Saudi Arabia to host Arab Exchanges Federation Conference next week: Tadawul
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul), in partnership with the Arab Federation of Exchanges (AFE), is hosting the AFE Annual Conference Saudi Arabia 2021 from 29 to 30 March. The conference aims at creating a platform for …
Ibrahim El-Araby, Chairman of the Egyptian-Japanese Business Council
1 April 04:48 PM Japan invests $10m in new industrial complex in SCZone
Cairo – Mubasher: Ibrahim El-Araby, Chairman of the Egyptian-Japanese Business Council, announced the launch of the first Japanese investments in the Suez Canal Economic Zone (SCZone) through the establishment of a new industrial complex. With …
Egypt's food exports to Jordan fell by 9% to $169 million in 2020
31 March 02:04 PM Egypt’s food exports to Jordan exceed $1bn between 2014-2020
Cairo – Mubasher: Egypt’s food exports to Jordan amounted to $1.047 billion from 2014 until 2020, the Deputy Executive Director at the Egyptian Food Export Council, Tameem El-Dawy, was cited by the Middle East News Agency (MENA) as saying. The …
The ministers proposed the export of Egyptian and Jordanian products to Iraq without trade barriers
25 March 03:47 PM Egypt, Jordan, Iraq explore cooperation in energy, industry, other sectors
Cairo – Mubasher: The Minister of International Cooperation, Rania El-Mashat, chaired the Egyptian Ministerial Group in the ministerial coordination meeting virtually between Egypt, Jordan, and Iraq. The meeting was held to complete discussions on …
Minister of International Cooperation, Rania El-Mashat
24 March 03:13 PM Egypt, Jordan sign seven cooperation agreements
Cairo – Mubasher: The Egyptian Minister of International Cooperation, Rania El-Mashat, confirmed that the ministry will work on following up with the cooperation documents and agreements signed during the Joint Higher Committee meetings, in …
Egyptian Minister of International Cooperation Rania El-Mashat
22 March 07:14 PM Egyptian-Jordanian Higher Committee signed 147 protocols, agreements since 1985
Cairo – Mubasher: The Joint Egyptian-Jordanian Higher Committee is considered one of the committees that is regular in its meetings ever since its launch in 1985. The joint committee plays an important role in promoting bilateral cooperation at …