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13 August 04:31 PM Russia to conduct Sputnik V’s clinical trials in Saudi Arabia
The CEO of Russia’s sovereign wealth fund said that his country will begin clinical trials for its coronavirus vaccine, branded “Sputnik V”, in Saudi Arabia.
How the pandemic changed the e-payments outlook in MENA?
12 August 07:27 PM The future of e-payment solutions after COVID-19
By: Moslem Ali Cairo – Mubasher: “Stay Home” is a global call that spread across the world over the past months, signalling not only a new public policy and a health precaution against an infectious disease but a turning point in how markets …
12 August 04:39 PM US signs $1.5bn deal with Moderna for potential COVID-19 vaccine
Mubasher: The US has reached an agreement with biotech company Moderna Inc to purchase 100 million doses of its potential coronavirus vaccine.
12 August 01:41 PM UK enters recession after economy slumps 20.4% in Q2
The UK economy has suffered its largest-ever contraction during the second quarter (Q2) of the year on account of the coronavirus lockdown measures.
11 August 03:25 PM Russia approves first COVID-19 vaccine
Russia became the first country in the world to grant regulatory approval to a COVID-19 vaccine following less than two months of human testing.
11 August 05:20 PM Nokia phones maker HMD secures $230m from strategic partners
HMD Global, the home of Nokia phones, has raised $230 million funding from its global strategic partners.
Egypt's Minister of International Cooperation, Rania El-Mashat
9 August 05:54 PM Egypt launches first platform for closing the gender gap accelerator
Cairo – Mubasher: The Egyptian Ministry of International Cooperation and the National Council for Women with the World Economic Forum hosted the first multi-stakeholder platform on “Closing the Gender Gap Accelerator”, the first in Africa and MENA …
10 August 05:56 PM Marriott sees greater-than-expected quarterly loss
Marriott International reported on Monday a bigger-than-expected quarterly loss, as room bookings and global travel were hit hard by the coronavirus crisis.
10 August 05:55 PM Senators urge US Trade Representative to lift tariffs on EU goods
A bipartisan group of 13 US senators has called on the US Trade Representative’s Office (USTR) to cancel 25% tariffs imposed on EU goods.
10 August 05:27 PM Unilever may cancel HQ unification plan over Dutch exit tax
Under the new proposed law, the Anglo-Dutch consumer goods company would pay EUR 11 billion to the Dutch government.
The third stage will be conducted on 5,000 participants in the kingdom
9 August 09:37 AM Saudi Arabia starts phase three clinical trial of COVID-19 vaccine
Riyadh – Mubasher: The Saudi Ministry of Health announced it began clinical trials for a coronavirus (COVID-19) vaccine in the kingdom, within the framework of a cooperation agreement between the kingdom and China, according to an official …
6 August 04:12 PM Lufthansa plans for compulsory job cuts
Lufthansa has given its workers a notice for compulsory job cuts after incurring EUR 1.7 billion operating losses in a single quarter.
6 August 12:50 PM Bank of England keeps interest rates unchanged, expects slower recovery
Mubasher: The Bank of England (BoE) maintained interest rates steady, but warned that the economy could take longer to recover from the coronavirus (COVID-19) crisis.
6 August 10:01 AM US, China to review trade deal mid-August
The senior US and Chinese officials will come together on 15 August via videoconference to review the first phase of the bilateral trade deal.
6 August 09:58 AM Thomson Reuters reports lower quarterly earnings   
Thomson Reuters Corp on Wednesday said it saw slightly lower revenue and an 18% slump in operating profit during the second quarter of 2020.
5 August 02:02 PM Beirut explosion causes $3-5bn damages – Governor
Mubasher: The massive blast that shook the Lebanese capital on Tuesday caused between $3 billion and $5 billion worth of damage.
4 August 02:49 PM Nestlé reports 9.5% drop in H1 sales
Nestlé said its total sales fell 9.5% in the first six months of 2020 to stand at CHF 41.2 billion.
4 August 02:12 PM BP reports $16.8bn quarterly losses, slashes dividends
Energy giant BP on Tuesday reported losses of $16.8 billion for the second quarter (Q2) of 2020.
Forbes launched the list last year
3 August 11:02 AM Fashion sector represents 42% of Forbes’ Women Behind Middle Eastern Brands 2020 list
Mubasher: This year’s Women Behind Middle Eastern Brands 2020 featured female trailblazers who managed to sustain their successful brands and push the boundaries despite the COVID-19 pandemic. The list, launched initially last year by Forbes, …
2 August 06:02 PM Siemens Healthineers to acquire Varian for $16.4bn
Mubasher: German health group Siemens Healthineers signed a deal to acquire the US Varian Medical Systems Inc in an all-cash transaction worth $16.4 billion.
30 July 04:31 PM TikTok to offer creators $2bn in next three years
TikTok is planning to give its creators over $2 billion in the next three years.
The new plane is the last one of this model
30 July 11:25 AM EgyptAir receives eighth Airbus A320neo plane
Cairo – Mubasher: EgyptAir has received its eighth Airbus A320neo family plane at the Cairo International Airport, coming from the Airbus factory in Toulouse in France, the chairman of EgyptAir Holding Company, Mohamed Roshdy Zakaria, announced. …
29 July 05:57 PM GE posts wider than expected loss in Q2
General Electric Co (GE) lost less than expected cash in the second quarter (Q2) of the year.
29 July 05:55 PM Investors value TikTok at $50bn for takeover
TikTok has been valued at around $50 billion by some investors planning to control the social media application.
28 July 04:25 PM Ex-Renault boss named as Jaguar Land Rover next CEO
Jaguar Land Rover (JLR) has named Renault's ousted boss, Thierry Bollore, as its next CEO.