Oman news

1 December 05:29 PM Mastercard, Meta - Facebook team up to empower SMEs digitisation in region

Mubasher: Mastercard will be collaborating with Meta, formerly known as Facebook, to endorse the digitisation and growth of small and medium enterprises (SMEs) in the Middle East and Africa (MEA), according to a press release on Wednesday. Both …

Companies Investments

1 December 01:03 PM Saudi Arabia's 1st Future Minerals Summit to kick off next month

Riyadh – Mubasher: Saudi Arabia will debut its first-ever Future Minerals Summit during 11-13 January 2022 in the capital Riyadh, the Ministry of Industry and Mineral Resources announced on Wednesday. A ministerial roundtable before the summit …

Global Economy

30 November 05:49 PM IsDB’s ICIEC signs agreement with Japan's NEXI to boost trade relations

Mubasher: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has partnered with Japan-based Nippon Export and Investment Insurance (NEXI), the Export Credit Agency (ECA) of Japan, through a memorandum of …

Global Economy

30 November 03:10 PM No cases of Omicron variant detected in Egypt – Official

Cairo – Mubasher: Egypt has not registered any cases of the Omicron variant until the current times, Acting Minister of Health, Khaled Abdel Ghaffar, who is the Minister of Higher Education and Scientific Research, stated on Tuesday. Abdel Ghaffar …

Sector Reports

28 November 02:17 PM Kuwait’s C.bank, CMA initiate campaign on crypto assets

Mubasher: The Central Bank of Kuwait (CBK) has collaborated with the Capital Markets Authority (CMA) to launch a joint financial literacy campaign on investing or dealing in crypto assets in the state, according to a press release on Sunday. …

Macroeconomics

25 November 02:26 PM Startup Lounge: COVID-19 impacted positively on growth of digital services – Hesham Safwat

By: Ingy ElSafy Mubasher: The economy of any country mainly depends on small and medium enterprises (SMEs) as they acquire a key share in creating job opportunities and economic development. Online retail or e-commerce has empowered businesses in …

Global Economy

23 November 04:45 PM Saudi consumers plan more spending amid optimism over vaccine rollout – Report

Mubasher: Saudi Arabia’s consumers have been increasing their spending over the past months more than the global average, while 20% of Saudis intend to spend more on an ongoing basis post-pandemic, a report by AlixPartners unveiled on Tuesday. The …

Macroeconomics

22 November 06:20 PM Saudi SAMACO inaugurates world’s largest Bugatti showroom

Riyadh – Mubasher: Saudi Arabia’s SAMACO Automotive has launched the largest showroom worldwide for Bugatti vehicles in Riyadh. SAMACO, the official Bugatti agent in the Kingdom, opened the first Bugatti showroom in Saudi Arabia on an area …

Companies Investments

1 November 02:29 PM Startup Lounge: Egypt seeing entrepreneurship boom - Nahdet El-Mahrousa

By: Ingy ElSafy Cairo – Mubasher: Non-profit and non-governmental organisations play a pivotal role in developing the country’s entrepreneurship ecosystem, especially when they build the capacities of organisations to scale and expand their social …

Global Economy

29 September 04:37 PM OPEC+ likely to keep output rise plans for November

OPEC+ is expected to be committed to an existing deal to raise the oil output by 400,000 bpd in November.

Global Reports

The segment brings the total length of the 2Africa cable system to over 45,000 km

28 September 03:47 PM 2Africa consortium extends subsea cable system to Arabian Gulf, India, Pakistan

Mubasher: The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company (stc), Telecom Egypt, Vodafone, and WIOCC, announced that a new segment has been added to the 2Africa subsea …

Macroeconomics

27 September 04:40 PM Pfizer begins study for novel COVID-19 oral antiviral drug

Pfizer has started a mid-to-late-stage study to evaluate the investigational novel oral antiviral drug for COVID-19.

Global Reports

22 September 02:41 PM Business software company Freshworks valued at $1.13bn

Business software company Freshworks has priced its US initial public offering (IPO) above the target range to raise $1.03 billion.

Global Reports

21 September 03:20 PM SoftBank leads investment into $4bn French football startup

Global Economy

21 September 02:43 PM Shell sells Permian assets to ConocoPhillip for $9.5m

Shell Enterprises has entered into an agreement to sell its Permian business to ConocoPhillips.

Global Reports

21 September 12:47 PM US to ease restrictions for vaccinated travellers from 33 countries

Global Reports

20 September 03:25 PM GCC asset managers expect more inflows amid growing ESG, Islamic investments – Moody’s

Mubasher: The asset management segment across the Gulf region is expected to witness increased inflows over the coming 12 months in line with the growing demand for Islamic and environmental, social, and governance (ESG)-compliant investments, …

Sector Reports

20 September 02:47 PM Pfizer COVID-19 vaccine is safe for 5-11 years old kids

Global Reports

20 September 01:44 PM Carousell aims to grow business, considers IPO

Global Reports

20 September 01:33 PM Shell to produce sustainable jet fuel at scale by 2025

Shell plans to produce low-carbon jet fuel at scale by 2025 to contribute to cutting carbon emissions.

Global Reports

20 September 11:29 AM Saudi Arabia continues to be China’s top oil supplier in August

Riyadh – Mubasher: Saudi Arabia has retained its position as China's top crude oil supplier for the ninth month in a row during August, Reuters cited official data by China’s General Administration of Customs on Monday. Saudi oil exports to China …

Sector Reports

20 September 11:09 AM OVHcloud aims to raise EUR 400m through IPO

Global Reports

16 September 04:56 PM Saudi oil exports hit six-month high in July

Riyadh – Mubasher: Saudi Arabia’s oil exports increased to 7.65 million barrels per day (bpd) in July, hitting the highest level in six months since recording 7.75 million bpd in January, according to official data on Thursday. The exports volume …

Commodities

16 September 03:15 PM ITFC pens 10 trade agreements worth over $1bn

Riyadh – Mubasher: The International Islamic Trade Finance Corporation (ITFC) has signed 10 trade financing agreements at a value exceeding $1.2 billion. This was in addition to trade development agreements with ITFC member countries from Asia and …

International Agreements