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14 January 03:38 PM PepsiCo plans to achieve net-zero emissions by 2040
PepsiCo seeks to achieve net-zero emissions across its production cycle system by 2040.
13 January 05:19 PM Chipmaker Qualcomm to acquire NUVIA for $1.4bn
Mubasher: Mobile-phone chipmaker Qualcomm Inc said an agreement to acquire NUVIA, a chip startup founded by three of Apple’s top executives, for about $1.4 billion.
The greenback slid to EGP 15.63 for purchasing
6 January 05:51 PM EGP continues to advance against USD on rising foreign reserves
Cairo – Mubasher: The US dollar exchange rate dropped against the Egyptian pound by EGP 0.04 in the first week of 2021 as foreign reserves rose to more than $40 billion. According to data by the Central Bank of Egypt (CBE), the average exchange …
6 January 02:39 PM GM's 2020 China sales see third annual drop on pandemic
General Motors Co’s vehicle sales in China dropped by 6.2% in 2020, attributed to a prolonged sales slowdown in the world’s biggest auto market.
Saudi Arabia's Crown Prince Mohammed bin Salman signing the agreements.
5 January 04:44 PM Gulf leaders sign 41st GCC summit closing statement, Al ULA agreement
Riyadh – Mubasher: Gulf leaders on Tuesday have inked the closing statement of the 41st GCC summit and Al ULA agreement. The annual GCC summit kicked off today at Maraya Concert Hall in Saudi Arabia’s Al ULA city, with the presence of all member …
Egypt’s Foreign Minister, Sameh Shoukry, will also take part in the annual summit.
5 January 03:17 PM 41st GCC summit kicks off in Saudi Al ULA city
Riyadh – Mubasher: The 41st GCC summit has kicked off on Tuesday in Saudi Arabia’s Al ULA city. Earlier today, Gulf Arab leaders headed to Saudi Arabia to attend the summit. Egypt’s Foreign Minister, Sameh Shoukry, will also take part in the …
4 January 03:09 PM US airlines’ 2020 losses could top $35bn on pandemic
The Covid-19 pandemic has been brutal for US airlines, with carriers’ 2020 net losses likely topped $35 billion.
4 January 02:20 PM Peugeot owner's top shareholders nod to merger with Fiat
The top shareholders in Peugeot owner PSA have approved the group’s merger with Fiat Chrysler (FCA).
4 January 01:55 PM Eurozone manufacturing growth at fastest pace since May 2018
Mubasher: The eurozone manufacturing sector ended 2020 on a high note, with output growing at its fastest pace in the last three years.
4 January 01:05 PM Pandemic sends Singapore’s economy to worst ever recession in 2020
Singapore’s economy contracted by less than expected in 2020 as activity levelled up further in the fourth quarter (Q4) following the easing of COVID-related restrictions.
(Photo Credit: https://mecei.org/)
29 December 2020 01:46 PM MENA holds strong potential for low, zero-carbon energy sources - Report
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) highlighted in its MENA Power Investment Outlook 2020-2024 key regional developments and prevalent trends in the power sector over the short and medium terms. Among the …
The vaccine was transported from Brussels on Emirates flight EK 182
23 December 2020 11:35 AM Emirates SkyCargo transports first batch of Pfizer-BioNTech COVID-19 vaccine to UAE
UAE - Mubasher: Emirates SkyCargo has transported the first batch of the coronavirus (COVID-19) vaccine, manufactured by Pfizer and BioNTech, to the UAE for the Dubai Health Authority (DHA). On 22 December, the vaccine was transported …
23 December 2020 11:20 AM LG, Magna announce $1bn JV in electric car gear
LG Electronics and automotive supplier Magna International are launching a joint venture (JV) valued at $1 billion that will make key components for electric cars.
22 December 2020 04:34 PM Apple plans to produce self-driving car by 2024
Apple is planning to manufacture a self-driving passenger vehicle with a new advanced battery technology by 2024.
22 December 2020 02:09 PM Britain’s GDP rises 16% in Q3 after first lockdown slump
The UK’s economic recovery from its coronavirus crash was somehow quicker than previously thought in the third quarter (Q3).
21 December 2020 04:18 PM EU antitrust regulators approve Fiat-PSA $38bn merger
Mubasher: The Italian-US automaker Fiat Chrysler Automobiles (FCA) and its French rival PSA have obtained the European Commission’s approval for their $38 billion planned merger
21 December 2020 02:38 PM Existing vaccines could protect against the UK’s new virus strain
Existing vaccines for COVID-19 will be effective in fighting off infection from new strains of the coronavirus.
Mirna Arif, General Manager of Microsoft Egypt
21 December 2020 00:02 PM Reimagining Egypt’s economy through digital transformation – Interview with Mirna Arif
By: Marina Gamil Cairo – Mubasher: In its recovery phase, Egypt has taken several initiatives to increase the contribution of digitalisation in its economic growth by advancing information technology (IT) infrastructure, supporting startups and …
Photo Archive
17 December 2020 09:21 PM Identifying investment opportunities post-COVID – Interview with Huda Al-Lawati
By: Moslem Ali Mubasher: In a time when the region’s markets continue to cope with the impacts of the Coronavirus (COVID-19) crisis, it is always important to listen to the experts’ opinion as we review our broader outlook for the region’s markets …
Over 250 companies participated in the tender
17 December 2020 03:25 PM DMCC hosts largest rough diamond tender in UAE
Dubai – Mubasher: The Dubai Multi Commodities Centre (DMCC) on Thursday announced that it has successfully hosted the largest rough diamond tender ever to take place in the UAE. A total of 379,912 carats of rough diamonds were sold, valued at …
15 December 2020 04:56 PM UK's unemployment rises in three months, layoffs reach record high
Mubasher: The UK’s jobless rate increased again in the three months in the August-to-October period and layoffs reached a record high.
(Photo Credit: Reuters)
15 December 2020 00:39 PM Saudi Arabia begins registering citizens, residents for COVID-19 vaccination
Riyadh – Mubasher: Saudi Arabia’s Ministry of Health has started on Tuesday registering citizens and foreign residents for vaccination against COVID-19 through "Sehaty" application, state-run Saudi Press Agency (SPA) reported. On 10 December, the …
The UAE reigns as the top country for regional headquarters.
14 December 2020 10:33 AM General Electric, Nestle executives top Forbes Middle East’s "Global Meets Local" list
Dubai - Mubasher: Forbes Middle East’s eighth annual flagship "Global Meets Local" list featured 50 individuals leading the regional offices for Forbes Global 2000 companies. The ranking celebrates leaders who successfully contributed to their …
Bahrain has participated in Phase III clinical trials of Sinopharm COVID-19 vaccine.
13 December 2020 02:26 PM Bahrain approves Sinopharm COVID-19 vaccine
Mubasher: Bahrain’s National Health Regulatory Authority (NHRA) approved the registration of Sinopharm’s COVID-19 vaccine after the submission of all related documentation by G42 Healthcare, the company’s exclusive distributor in the Middle East …
9 December 2020 11:33 AM Uber sells its air taxi business to Joby Aviation
Joby Aviation would acquire Uber Technologies Inc’s flying taxi unit, Elevate, the second cash-burning business the ride-hailing company has sold off in two days.