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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.
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 …
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.
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.
21 September 03:20 PM SoftBank leads investment into $4bn French football startup
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.
21 September 12:47 PM US to ease restrictions for vaccinated travellers from 33 countries
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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, …
20 September 02:47 PM Pfizer COVID-19 vaccine is safe for 5-11 years old kids
20 September 01:44 PM Carousell aims to grow business, considers IPO
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.
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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 …
20 September 11:09 AM OVHcloud aims to raise EUR 400m through IPO
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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 …
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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 …
16 September 01:10 PM Taiwan’s Gogoro to go public through over $2bn deal
16 September 11:53 AM 500 Startups closes largest fund-to-date, rebrands to 500 Global
15 September 06:03 PM UK's inflation surges at record rate in August
The UK's inflation rate soared by 3.2% in August, posting the highest increase since the records started in 1997.
15 September 02:27 PM Chevron to invest $10bn in low-carbon projects
15 September 01:25 PM Gold prices ease near $1,800 on taper uncertainty
14 September 01:15 PM Moody's changes outlook for global metals, mining industry to stable
​​​​​​​Mubasher: Moody’s Investors Service has changed its outlook for the global metals and mining market to ‘Stable’ from ‘Positive’.
Nihal El-Chami, Head of Programme and Marketing at Falak Startups
14 September 12:49 PM Startup Lounge: More VC investors now interested in Africa, Middle East – Nihal El-Chami
By: Marina Gamil Cairo – Mubasher: With the growing number of startups across different sectors, especially financial technology (FinTech), the dynamics of the venture capital (VC) landscape in Egypt have been changing with local and international …
14 September 12:18 PM Renault, subsidiary acquire stake in heycar Group
​​​​​​​Mubasher: Renault Group and its subsidiary RCI Bank and Services have both acquired equity in Mobility Trader Holding GmbH.
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13 September 04:54 PM NBK issues $1bn Senior Unsecured notes; first of kind across CEEMEA
Mubasher: The National Bank of Kuwait (NBK) has issued bonds worth $1 billion, marking the first callable structure for senior unsecured notes, fixed to floating, across the Central and Eastern Europe Middle East and Africa (CEEMEA) region. Final …
ITFC approved for its member countries more than $58 billion since 2008
8 September 05:45 PM ITFC supports members with $605m under COVID-19 Response Program
Mubasher: The International Islamic Trade Finance Corporation (ITFC) has provided the member countries with $605 million as financial support under its COVID-19 Response Program, CEO of ITFC, Hani Sonbol, announced. The corporation aimed to help …