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The new 787 airplanes will be powered by engines manufactured by GE Aviation
25 February 06:04 PM Japan’s ANA orders up to 20 Boeing 787 Dreamliner aircraft
Mubasher: The Japanese airline group ANA HOLDINGS decided to order up to 20 additional Boeing 787 Dreamliner aircraft. The deal includes 11 787-10 jets, one 787-9 and options for five 787-9 airplanes valued at above $5 billion at list prices, …
25 February 05:28 PM Thomson Reuters appoints former Nielsen’s president as CEO
Mubasher: Thomson Reuters Corporation has named former Nielsen Holdings’ president Steve Hasker as the new CEO following Jim Smith, Reuters reported on Tuesday.
The UAE will receive around 3m international visitors during Expo 2020
25 February 05:12 PM Expo 2020 to attract additional 1.4m visitors from 5 key markets
UAE – Mubasher: Additional 1.4 million visitors from five key markets, namely India, Saudi Arabia, Philippines, the UK, and Pakistan, will arrive to the UAE during Expo 2020 Dubai. At the event, set to welcome 25 million visitors during the period …
The UAE has suspended all flights arriving to and coming from Iran
25 February 04:33 PM UAE halts all flights to, from Iran over coronavirus fear
UAE – Mubasher: The UAE's General Civil Aviation Authority (GCAA) has suspended all flights arriving to and coming from Iran over the new coronavirus fear, according to the Emirates News Agency (WAM). The suspension of all passenger and cargo …
The five-year Sukuk issuance was oversubscribed 2.5 times
25 February 04:12 PM GFH rings bell for listing $300m Sukuk in Nasdaq
Mubasher: The Bahraini GFH Financial Group rang Nasdaq Dubai’s market opening bell for listing $300 million Sukuk. The five-year Sukuk issuance was oversubscribed 2.5 times with a total book value of over $750 million, according to a press release …
The three new cases arrived from Iran
25 February 03:33 PM Kuwait’s health ministry confirms 8 coronavirus cases
Mubasher: Kuwait’s Ministry of Health announced that three Kuwaiti nationals had tested positive for the new coronavirus (COVID-19) epidemic, bringing the total infected cases to eight in the country until the moment. The three new cases arrived …
Turnover slipped by 40% to KWD 522.3 million in February
25 February 02:57 PM Boursa Kuwait ends February in red zone
Mubasher: All Kuwaiti indices closed February down, with the All-Share Market falling by 4% or 253 points to 6,072.05 points when compared to 6,324.99 points in the previous month. The Premier Index slid by 4.31% or 303.3 points by the end of …
The fund will be launched on 2 March 2020
25 February 01:19 PM KFH Capital to launch 1st REIT fund on Boursa Kuwait in March
Mubasher: KFH Capital, the investment arm of Kuwait Finance House (KFH), will launch the first REIT Fund on Boursa Kuwait on Monday, 2 March 2020. Earlier this month, Kuwait’s Capital Markets Authority (CMA) approved listing the fund on the …
Earnings per share (EPS) recorded 14 fils last year
25 February 12:46 PM ABK’s profit down to KWD 29m in 2019; dividends proposed
Mubasher: Al Ahli Bank of Kuwait (ABK) recorded KWD 28.7 million during the fiscal year ended on 31 December 2019, down by 32% from KWD 42.12 million in 2018. Earnings per share (EPS) totalled 14 fils last year, according to a press release on …
Bahrain's residents should adhere to health guidelines to combat the novel virus
25 February 12:00 PM Bahrain suspends flights from Dubai, Sharjah for 48 hrs over coronavirus
Mubasher: Bahrain’s The Civil Aviation Affairs (CAA) has suspended all flights to and from the Dubai International Airport (DXB) and Sharjah International Airport for 48 hours starting early hours of 25 February 2020. The CAA is collaborating with …
The decision came during the cabinet’s weekly meeting on Monday
25 February 10:34 AM Kuwait cancels celebrations of National, Liberation days on coronavirus fears
Mubasher: The Kuwaiti cabinet has cancelled all celebrations scheduled for the National and Liberation Day holidays until further notice. The cabinet called upon all citizens to consider the efforts and steps the government is taking to contain …
No entry visas will be issued for those coming from the four mentioned countries
25 February 10:03 AM Kuwait suspends various flights over coronavirus fears
Mubasher: Kuwait's Directorate General of Civil Aviation (DGCA) has suspended all flights to and from Iraq, South Korea, Thailand, and Italy. The decision is in accordance with the Ministry of Health’s instructions following the announcement that …
24 February 05:37 PM UK’s Behavox secures $100m investment from SoftBank Vision Fund 2
​​​​​​​Mubasher: UK’s artificial intelligence (AI) start-up Behavox announced a $100 million investment from SoftBank Vision Fund 2.
24 February 05:11 PM PepsiCo inks agreement to acquire Be & Cheery at $705m
PepsiCo has signed an agreement to acquire Be & Cheery from Haoxiangni Health Food at a total value of $705 million.
The number of shares owned by Keypoint Trust in GFH reached 185.354m shares
24 February 04:28 PM Keypoint Trust raises ownership in GFH to 5%
Mubasher: Bahraini Keypoint Trust has increased its ownership in GFH Financial Group (GFH) to 5.03% of the total paid-up capital. The total number of shares owned by Keypoint Trust in GFH reached 185.354 million shares after raising its stake, …
Losses shrank by 84.7% in Q4-19
24 February 03:36 PM Alrai Media’s losses drop 83% in 2019
Mubasher: Net losses of Alrai Media Group retreated by 83.3% to reach KWD 3.54 million ($11.58 million) by 2019 year-end, compared to KWD 21.18 million ($69.26 million) in 2018. In the fourth quarter (Q4) of last year, losses shrank by 84.7% to …
Turnover soared by 143.6% on Monday
24 February 02:20 PM Kuwaiti indices end Monday in decline on recent COVID-19 cases
By: Mohamed Farouk    Mubasher: Boursa Kuwait closed Monday’s trading session in the red zone for the second session in a row and in line with Kuwait government's recent announcement of initial tests showing three coronavirus (COVID-19) cases …
24 February 02:01 PM China warns against travel to US due to unfair treatment
The Chinese government is warning its citizens against travelling to the US due to what it sees as unfair treatment to tourists from China.
Housing costs continued to fall in 2019
24 February 01:38 PM Kuwait’s inflation may rise to 2% in 2020 – NBK Report
Mubasher: Kuwait’s inflation could increase to a moderate level ranging from 1.5% to 2% in 2020.       In the fourth quarter (Q4) of 2019, the country’s consumer price index (CPI) eased to 1.5% year-on-year (YoY) as compared to 1.7%, according to …
The patient was immediately transferred to a medical centre
24 February 01:01 PM Bahrain confirms first coronavirus case
Mubasher: Bahrain’s Ministry of Health confirmed the first case of coronavirus (COVID-19) for a Bahraini citizen arriving from Iran, Bahrain News Agency (BNA) reported on Monday.    The patient was suspected of having contracted the disease based …
The opening ceremony
24 February 12:44 PM First KPMG Insights Center inaugurated in Riyadh
Riyadh – Mubasher: KPMG officially opened its first Insights Center in the Middle East in its new head office in Riyadh. The facility was inaugurated by the Saudi Minister of Communications and Information Technology Abdullah Al Swaha. The opening …
All cases are currently under constant medical observation
24 February 11:44 AM Kuwait announces coronavirus cases
Mubasher:  The Preliminary tests conducted on passengers arriving from Iran’s Mashhad city indicated three confirmed cases carrying the China coronavirus (COVID-19).    The cases include a 53-year-old Kuwaiti citizen, a 61-year-old Saudi national, …
Ministry of Health - Saudi Arabia
24 February 11:10 AM KSA, Kuwait coordinate treatment of coronavirus case
Riyadh – Mubasher: The Saudi Ministry of Health is cooperating with its Kuwaiti counterpart to treat the Saudi citizen infected with the coronavirus (COVID-19). The citizen will remain in Kuwait until his recovery is complete, as per the …
The deal could generate a profit margin of 4%
24 February 11:07 AM Advanced Technology signs KWD 3m deal with KNPC
Mubasher: Advanced Technology Company (ATC) has inked a deal with Kuwait National Petroleum Company (KNPC) to supply Al Zour refinery's project with laboratory equipment.   The deal is valued at KWD 2.739 million and will be matured in a period of …
The decision is due to Al Aman's merger with The Securities House
24 February 10:19 AM Kuwait bourse stops trading on Al Aman Investment in March
Mubasher: Boursa Kuwait will stop trading activities on Al Aman Investment's stock as of Monday, 2 March 2020.   The decision is a result of the company’s merger with The Securities House, the bourse said on Monday.     Earlier this month, Al Aman …