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29 September 04:40 PM IHC’s unit launches global trading and digital onboarding platform
Abu Dhabi – Mubasher: International Securities has launched a new global trading and digital onboarding platform for local and international investors. The new digital platform will enable investors worldwide to generate national investor number …
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28 September 10:05 PM Tech, startup event GITEX GLOBAL 2022 to kick off in October
UAE – Mubasher: Dubai will host GITEX GLOBAL 2022 during the period from 10 until 14 October, where more than 4,500 enterprises and over 100,000 attendees from 170 countries are expected to take part in the event at the Dubai World Trade Centre. …
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22 September 09:45 AM UAE’s central bank raises base rate by 75 bps to 3.15%
UAE – Mubasher: The Central Bank of the UAE (CBUAE) hiked its base rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points (bps) to 3.15% from 2.40%, effective from Thursday, 22 September 2022, Emirates News Agency (WAM) …
Amin Nasser, President and CEO of Aramco
20 September 04:09 PM Aramco CEO calls for credible global energy transition plan
Riyadh – Mubasher: Amin Nasser, President and CEO of the Saudi Arabian Oil Company (Aramco), urged policymakers and every stakeholder across the globe to unite the world around a much more credible new energy transition plan. During his keynote …
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18 September 04:41 PM ARIA Commodities to invest AED 154m in Hamriyah Free Zone
UAE – Mubasher: ARIA Commodities will invest a total of AED 154 million in the construction of four plants in the Hamriyah Free Zone, including a Bitumen Plant, a Refinery, a Tire Cycling Plant, and a Storage Terminal. ARIA will further lease …
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15 September 11:53 PM GCC asset managers forecast surge in AUM on higher oil prices – Moody's
Mubasher: Asset managers in the Gulf region expected that higher oil prices would boost their assets under management (AUM) and attract larger fund inflows, according to Moody's 2022 survey of chief investment officers (CIOs) from eight GCC fund …
President of GM Africa & Middle East operations, Jack Uppal.
15 September 04:22 PM Jack Uppal named as President of General Motors Africa & Mideast operations
Mubasher: General Motors (GM) has appointed Jack Uppal as President and Managing Director of GM Africa & Middle East (GM AMEO) as Luay Al Shurafa is named to a senior executive role with GM China.  Effective November 2022, Al Shurafa will assume …
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15 September 03:35 PM Arab merchandise trade surpasses $2trn in 2021
Mubasher: Arab merchandise trade increased by 31.60% during 2021 to exceed $2 trillion, owing to export growth by 42.40% to $1.20 trillion and import growth by 19.8% to $897 billion, Arab Investment & Export Credit Guarantee Corporation (Dhaman) …
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15 September 09:56 AM Saudi Arabia dominates Forbes Middle East’s 2022 asset managers list
Dubai - Mubasher: A total of 16 Saudi Arabia companies have been included in Forbes Middle East’s Top 30 Asset Management Companies 2022 list, indicating the Saudi Stock Exchange’s (Tadawul) position as the Middle East’s most developed exchange, …
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13 September 03:43 PM FAB to finance Middle East sustainable projects with $75bn by 2030
Mubasher: First Abu Dhabi Bank (FAB) plans to endorse sustainable development projects across the Middle East with financing worth $75 billion by 2030, Ahram Gate cited Shargiil Bashir, Chief Sustainability Officer at FAB. Bashir pointed out that …
Naji Kazak, Kodak Alaris' Managing Director for EMEIA
12 September 09:55 PM Kodak Alaris names Kazak as Managing Director for EMEIA
Mubasher: Kodak Alaris, a UK-based tech firm that provides data capture business solutions, has appointed Naji Kazak as its Managing Director for Europe, the Middle East, India, and Africa (EMEIA). Kazak will lead the company’s operations and …
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11 September 11:48 PM Dubai to host HSBC Crossroads GCC Future Impact Forum for 1st time
Mubasher: The HSBC Crossroads Future Impact Forum will make its debut in Dubai during 14-15 September 2022. Held under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, …
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11 September 10:39 AM Moody's GCC Summit returns to Dubai this Tuesday
Mubasher: Moody's GCC Summit will take place at Dubai’s Ritz-Carlton on 13 September 2022 after a two-year break, Moody's announced. The summit presents an opportunity to explore the forces driving credit markets and discover how the GCC region is …
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7 September 05:22 PM Top 100 Arab family businesses feature 37 Saudi firms – Forbes Middle East
Dubai - Mubasher: Saudi-headquartered family businesses have dominated this year’s Forbes Middle East Top 100 Arab Family Businesses with 37 entries, followed by the UAE and Kuwait with 25 and eight entries, respectively. Together, these three …
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4 September 09:54 AM RAK White Cement’s board approves delisting from Boursa Kuwait
Mubasher: The board of Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) has approved delisting the company’s shares from Boursa Kuwait. The withdrawal decision will be discussed during the upcoming ordinary …
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1 September 04:51 PM Ajman Bank to launch world’s 1st Mastercard Touch Card
Dubai – Mubasher: Mastercard and Ajman Bank announced launching the world-first Touch Card, an accessible payment card that will enable blind and partially sighted people to easily facilitate payments and distinguish between their cards. The new …
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31 August 11:58 PM Egypt-ICF 2022 to kick off next week
Cairo – Mubasher: The second edition of Egypt — International Cooperation Forum (ICF) will be held during 7-9 September 2022 at the New Administrative Capital (NAC), the Egyptian Ministry of International Cooperation announced. Held under the …
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30 August 04:12 PM Manazel’s unit reaches deal to exchange investment in Egypt
Mubasher: Kuwait’s Manazel Holding announced that its indirect subsidiary in Egypt, Manazel Real Estate Developments, has reached an agreement with Landmark for Real Estate Development (LMD) to exchange its investment in Zoya project in North …
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25 August 10:19 AM Saudi, GCC trade exchange reaches SAR 71bn in H1-22
Riyadh – Mubasher: Saudi Arabia’s trade exchange with GCC states increased by 11% or SAR 18.19 billion ($4.84 billion) year-on-year (YoY) during the first half (H1) of 2022.    The exchange value stood at SAR 71.59 billion ($19 billion) during the …
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23 August 02:42 PM NBK-Egypt sees 9% higher profits in H1-22
Mubasher: The National Bank of Kuwait-Egypt (NBK-Egypt) reported net earnings of EGP 756.50 million (about KWD 13.80 million) during the first half (H1) of 2022, according to a statement to Boursa Kuwait on Tuesday. This represents a profit rise …
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22 August 04:06 PM Kuwait Hotels’ unit renews contract to manage Safir Hotel Cairo
Mubasher: Kuwait Hotels Company announced that its subsidiary, Safir International Hotel and Resort Management, has renewed the management contract of Safir Hotel Cairo.   The contract has been extended for a period of two years and four months …
Frans Hiemstra - Uber Regional GM for MEA
17 August 02:12 PM Uber names Hiemstra as Regional Manager for MEA
Mubasher: Uber has appointed Frans Hiemstra as its new Reginal Manager for the Middle East and Africa (MEA) region, according to a press release. Hiemstra will handle Uber’s ride-sharing business across 15 regional countries. Meanwhile in Dubai, …
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16 August 04:40 PM WiredScore names John Hilliard as Mideast lead
Mubasher: WiredScore announced appointing John Hilliard to lead the company’s expansion into the Middle East. In his new role, Hilliard will form an integral part of WiredScore’s wider offering to Middle Eastern real estate developers, landlords, …
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14 August 05:55 PM GFH sees 14% higher profits to shareholders at $42m in H1-22
Mubasher: GFH Financial Group has logged net profits attributable to the shareholders worth $42.18 million during the first half (H1) of 2022, up 13.90% year-on-year (YoY) from $37.04 million. The earnings per share (EPS) stood at $1.22 in the …
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10 August 09:40 AM Saudi Arabia to host 1st in-person Euromoney conference since 2019 soon
Riyadh - Mubasher: Saudi Arabia’s Ministry of Finance and the Financial Sector Conference have teamed up with Euromoney to host the first in-person Euromoney Saudi Arabia Conference since 2019. The event, set to take place on Wednesday, 7 …