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30 May 09:15 PM

Local Economy

Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure
29 May 05:46 PM We are deploying nationwide network of public, private charging stations – Al Mazrouei
Mubasher: Suhail bin Mohammed Al Mazrouei, the UAE Minister of Energy and Infrastructure, unveiled that the country is deploying a nationwide network of public and private electric vehicle (EV) charging stations to fully realise the potential of …
Event
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23 May 05:54 PM Hilton, STA collaborate on attracting regional visitors to Saudi Arabia
Riyadh – Mubasher: Global hospitality leader Hilton has signed a memorandum of understanding (MoU) with the Saudi Tourism Authority (STA) to attract people from leading markets across the Middle East and Africa (MEA) to visit Saudi Arabia. The two …
Companies Investments
Amr Emara - Head of IR Business at GFM Mubasher
15 May 06:22 PM GFM Mubasher’s Emara highlights IR, use of technology during AFCM event
Mubasher: The Head of Investor Relations (IR) Business at GFM Mubasher, Amr Emara, took part in the Arab Federation of Capital Markets (AFCM) annual conference in Oman, where he joined a panel that included the CEO of Bahrain Bourse, Khalifa Al …
Event
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15 May 03:20 PM Mubasher Trade allows investing in Egypt’s 1st gold Fund
Cairo – Mubasher: The Financial Regulatory Authority (FRA) has recently approved the launch of Azimut Precious Metals Fund under the name az-Gold, which marks the first gold investment fund in Egypt. Mubasher Trade, which is licensed by the …
Macroeconomics
Photo Archive
14 May 11:21 AM UAE collaborates with Bloomberg, Euroclear Bank to offer solution for Islamic bonds
UAE – Mubasher: The UAE Ministry of Finance teamed up with Bloomberg and Euroclear Bank to launch a new auction solution which will enable the ministry, in collaboration with the Central Bank of the UAE (CBUAE), to issue dirham-denominated Islamic …
Central Banks
Ahmed Samir, Egypt’s Minister of Trade and Industry
26 April 02:24 PM Egypt-Africa trade exchange hits $2.11bn in Q1-23
Cairo – Mubasher: The value of the bilateral trade between Egypt and Africa reached $2.11 billion during the first quarter (Q1) of 2023, Ahmed Samir, Egypt’s Minister of Trade and Industry stated.   The Arab Republic exported goods to the …
Macroeconomics
Photo Archive
23 April 05:22 PM UAE, Saudi Arabia among top lowest risk nations in MEA – GlobalData
Mubasher: The UAE has topped the 10 lowest risk countries across the Middle East and Africa (MEA) region in GlobalData Regional and Global Risk Index (GCRI) for the fourth quarter (Q4) of 2022. The region is seen affected by supply chain …
Macroeconomics
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18 April 01:16 PM Brazilian exports to Arab countries surge 14% in Q1-23
Mubasher: The Brazilian exports to the Arab World jumped by 14.01% year-on-year (YoY) to $4.42 billion in the first quarter (Q3) of 2023, compared to $3.87 billion. The imports also increased by 1.70% to $2.76 billion in Q1-23 from $2.71 billion …
Global Economy
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12 April 04:28 PM MENA’s economic growth eases amid double-digit food inflation – World Bank
Mubasher: Economies in the MENA region are expected to grow at a slower pace in 2023, according to the World Bank’s latest economic data. The slower growth is seen driven by double-digit food inflation, while the MENA’s gross domestic product …
Macroeconomics
Photo Archive
16 March 05:48 PM GCC countries to see slower economic growth in 2023 – Report
Mubasher: Economic growth among the GCC countries is forecast to be slower in 2023, following a sharp recovery in 2022, according to a recent report by S&P Global. The report attributed the sluggish economic growth to OPEC-related oil production …
Sector Reports
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8 March 05:18 PM Business travel in MEA hits $23bn in 2022, could return to pre-pandemic levels next year – Report
Mubasher: The business travel spending across the Middle East and Africa (MEA) region is projected to return to pre-pandemic levels by 2024, according to the Business Travel Index Outlook annual forecast and outlook 2022 from the Global Business …
Macroeconomics
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25 January 04:06 PM Kuwait raises discount rate as of Thursday
Mubasher: The Central Bank of Kuwait (CBK) decided to lift the discount rate by 0.50% to 4% from 3.50% starting from Thursday, 26 January 2023. The decision is part of recent developments in local and international economic conditions, in addition …
Central Banks
Head of Debt at SHUAA Capital, Natasha Hannoun
24 January 04:36 PM Venture debt funding in MENA surpasses $260m in 2022 – Report
Mubasher: Venture debt investments in the MENA region have exceeded $260 million through 18 financing deals during 2022, according to a report by Shuaa Capital and MAGNiTT. The report indicated that the high value came despite a backdrop of …
Global Economy
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23 January 12:42 PM Abu Dhabi to host UNCTAD’s World Investment Forum next October
UAE – Mubasher: The United Nations Conference on Trade and Development (UNCTAD) will hold its 8th World Investment Forum in Abu Dhabi during 16-20 October 2023, according to a press release. Held under the theme ‘Investing in Sustainable …
Event
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17 January 05:02 PM MEET ICT, BITEX 2023 back in 11th edition this May
Mubasher: The ICT Conference (MEET ICT) and the Bahrain International Technology Exhibition (BITEX) is back in its 11th edition from 7-9 May 2023 at Gulf Hotel’s Gulf Convention Centre. This announcement was made in collaboration with the Bahrain …
Global Economy
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15 January 04:49 PM World Future Energy Summit opens on Monday in Abu Dhabi
Abu Dhabi – Mubasher: The World Future Energy Summit, the 14th leading business event for future energy and sustainability, begins a three-day run at the Abu Dhabi National Exhibition Centre (ADNEC) on 16 January 2023. The summit will host global …
Macroeconomics
Photo Archive
15 January 04:04 PM Egypt invites Elon Musk to visit following tweet praising Dendera temple
Cairo – Mubasher: Egypt on Sunday will extend an official invitation to American business tycoon Elon Musk to visit Egypt at the time of his choice. The move, which would be a boon for the country’s tourism sector, comes after a viral tweet the …
Macroeconomics
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15 January 02:35 PM Nile Property Expo to launch in London, US in 2023
Cairo – Mubasher: The Nile Property Expo intends to enter new markets for the first time in 2023 such as London and New Jersey in the US.  The announcement was made by Basem Kalila, Chairman of the Board of Directors of Expo Republic, the company …
Companies Investments
Photo Archive
11 January 11:09 AM Egypt to host 4th edition of Startups Without Borders Summit 2023
Cairo – Mubasher: The fourth edition of the Startups Without Borders (SWB) Summit will kick off this February at Cairo Business Park in New Cairo, state-run news agency MENA reported. Under the theme of Go Borderless, this year’s summit is set to …
Global Economy
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9 January 11:47 AM Ship that went aground in Suez Canal refloated
Cairo – Mubasher: The Suez Canal Authority (SCA) said that a cargo ship that went aground in the Egyptian waterway has been refloated and canal traffic was restored. Earlier today, M/V GLORY grounded while joining Southbound convoy near the city …
Global Economy
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2 January 09:38 AM ADIB rolls out region’s 1st token payment enabled wearables
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) launched the region’s first tokenised, contactless payment methods through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and …
Macroeconomics
PaySky Founder and CEO, Waleed Sadek
29 December 2022 01:37 PM Investments of award-winning PaySky in Egypt cross EGP 100m – Interview
By: Abdallah Beder Cairo – Mubasher: Investments of award-winning payment solutions provider (PSP) PaySky in Egypt have exceeded EGP 100 million, the company’s Founder and CEO, Waleed Sadek, told Mubasher. With a vision of democratising …
Companies Investments
Photo Archive
25 December 2022 02:41 PM Consolidated assets of Arab banking sector may reach $4.4trn by year-end
Cairo - Mubasher: The Secretary General of the Union of Arab Banks (UAB) Wissam Fattouh said the consolidated assets of the Arab banking sector are expected to reach $4.40 trillion by the end of 2022. This represents a year-on-year (YoY) increase …
Macroeconomics
Photo Gallery
18 December 2022 09:52 AM Dubai International Chamber launches 3 new offices in Egypt, Israel, Türkiye
Dubai – Mubasher: Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has opened three new international representative offices in Egypt, Israel, and Türkiye, based in Cairo, Tel Aviv, and Istanbul, respectively. …
Global Economy