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The market cap of the shares owned by Arzan VC 2 has reached $11.226 million
29 July 03:24 PM Kuwait's Arzan VC 2 invests $1.076m in Swvl's shares
Mubasher: Arzan Capital Holding Limited announced that Arzan VC 2 has invested $1.076 million in the shares of the ridesharing app Swvl, which has entered into a definitive agreement for a business combination with Queen's Gambit Growth Capital.  …
Agility will be subscribing for $20 million for two million shares
29 July 02:42 PM Agility to invest in Swvl, Queen's Gambit combined public company
Mubasher: Agility Public Warehousing will invest in the newly formed business combination between Dubai-based Swvl and Nasdaq-listed Queen's Gambit Growth Capital, the first special purpose acquisition company led by women. Agility will be …
28 July 04:03 PM Pfizer’s sales of COVID-19 shots hit $7.8bn in Q2-21
The CBK focused on employee development
27 July 05:01 PM C. bank’s FY20/21 has undoubtedly been an exceptional year – Al Hashel
Mubasher: The fiscal year (FY) 2020/2021 has undoubtedly been an exceptional year for the Central Bank of Kuwait (CBK), as the COVID-19 pandemic was a true test to the robust monetary and regulatory policies the CBK worked to implement over the …
27 July 03:29 PM Arabica coffee prices hit highest level in seven years
The debt instruments carry a three-month maturity
26 July 02:38 PM CBK offers debt instruments worth SAR 200m
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq at a total value of KWD 200 million, according to a press release on Monday. The debt instruments carry a three-month maturity, with a 1.125% rate of return. Last …
26 July 01:19 PM Bitcoin hits highest level since May
The loan agreement was signed on 23 November 2020
25 July 11:44 AM El-Sisi approves Kuwaiti loan for two seawater desalination plants
Cairo - Mubasher: The Egyptian President, Abdel Fattah El-Sisi, issued decree no. 77 of 2021, approving the KWD 5.5 million loan agreement between the government and the Kuwait Fund for Arab Economic Development (KFAED), the Middle East News …
Photo Archive
22 July 09:51 PM Kuwait calls on citizen to delay travel plans to Indonesia
Mubasher: The Kuwaiti Foreign Ministry has urged citizens who wish to travel to Indonesia to postpone their plans, due to the critical health situation caused by the rapid spread of the coronavirus (COVID-19). In addition, The Ministry's Consular …
21 July 03:44 PM Johnson & Johnson expects $2.5bn in COVID-19 sales in 2021
Johnson & Johnson has expected to record $2.5 billion in the sales of its coronavirus (COVID-19) vaccine.
This decision is part of the government's efforts to tackle the COVID-19 repercussions
21 July 12:05 PM Saudi Arabia extends validity of permits, visas for expats until 31 August
Riyadh - Mubasher: The Saudi General Directorate of Passports has automatically extended the validity of residence permits and visas for expatriates outside the Kingdom until 31 August 2021, according to the Saudi Press Agency (SPA). In line with …
21 July 11:10 AM Central banks, wealth funds shifting to greener investments
COVID-19 is accelerating the transition of central banks and wealth funds to greener investments.
21 July 10:07 AM World Bank deploys $157bn to fight COVID-19 impacts
The World Bank has allocated over $157 billion to face the health, economic, and social impacts of COVID-19.
20 July 02:21 PM CO2 emissions to surge to record levels in 2023
The global carbon dioxide (CO2) emissions are set to surge to record levels in 2023.
Kuwait Investment Authority has occupied the third position
20 July 11:57 AM SWFI lists four Arab sovereign wealth funds among world's top ten funds in July 2021
Mubasher: A total of four Arab sovereign wealth funds are listed among the world's top ten sovereign wealth funds in July 2021, with combined assets of $2.074 trillion, according to the recent data by the Sovereign Wealth Fund Institute (SWFI). …
Ipsen seeks to launch direct operations and offer innovative treatments
19 July 09:52 AM France's Ipsen opens regional office in Dubai to expand direct operations in MEA
UAE - Mubasher: Ipsen, a French biopharmaceutical group, has opened its first regional office in the Middle East and Africa (MEA), which is headquartered in Dubai. Through its new regional office, Ipsen seeks to launch direct operations and offer …
The Hajj season this year will witness a digitised journey from start to finish
13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj
By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …
The international arbitration verdict ordered the DPA to pay $427.36 million
11 July 11:21 AM Egyptian court annuls verdict against Damietta Port Authority
Mubasher: Kuwait and Gulf Link Transport Company (KGL) and KGL Logistics announced that an Egyptian appeal court annulled an international arbitration verdict previously issued against Damietta Port Authority (DPA).  The international …
The transaction was completed in partnership with Student Quarters
11 July 11:03 AM GFH acquires $100m student housing portfolio in US
Dubai – Mubasher: GFH Financial Group has inked an agreement to acquire a $100 million student housing portfolio, affiliated to top-rated universities in the US. The transaction was completed in partnership with Student Quarters, an Atlanta-based …
The offer is subject to the approval of all necessary regulatory
8 July 02:04 PM GFH in talks with Khaleeji Commercial Bank for voluntary takeover offer
Dubai – Mubasher: GFH Financial Group is still in talks with Khaleeji Commercial Bank (KHCB) regarding a potential voluntary takeover offer for the bank's issued shares. The offer is subject to the approval of all necessary regulatory, board, and …
Majority of GCC consumers likely to opt for digital banking services
6 July 05:22 PM Majority of GCC consumers likely to opt for digital banking services
Mubasher: The majority of GCC consumers, about 85% of respondents to a survey, would currently opt for digital banking services rather than visiting a bank branch, according to a paper by Backbase with YouGov. With the appetite accelerating more …
Saudi Arabia’s NCB Capital topped the list with $50.4 billion in AUM
6 July 03:43 PM Saudi Arabia dominates Forbes Middle East’s 2021 asset managers list
Mubasher: A total of 16 Saudi Arabia companies have been included in Forbes Middle East’s 30 Biggest Asset Managers 2021 list, representing more than 50% of the list. The 30 asset managers in the region posted a cumulative $258.2 billion in assets …
Oil prices closed at $75 per barrel at the end of June
6 July 02:11 PM GCC markets continue to see gains on higher oil prices – Markaz
Mubasher: The S&P GCC Composite index, a comprehensive benchmark covering stocks from the six Gulf markets, gained last June for the eighth consecutive month as oil prices continued to rise, with Brent crude remaining above $70 per barrel …
GACA issued a circular to all airlines operating in Saudi Arabia
4 July 03:48 PM Saudi Arabia suspends flights to three destinations on COVID variant
Riyadh – Mubasher: Saudi Arabia’s General Authority of Civil Aviation (GACA) has suspended direct and indirect travel of citizens to the UAE, Ethiopia, and Vietnam without obtaining prior permission from the concerned authorities due to the …
MENA’s ESG market currently represents 1.3% of 2021's global issuance
4 July 02:35 PM Green finance in MENA reaches $6.4bn in H1, exceeds global growth rate
Mubasher: Green and sustainability-linked debt issuances in the MENA region amounted to $6.4 billion in value during the first half (H1) of 2021, exceeding the global growth rate, according to a report by Bloomberg on Sunday. The region’s green …