Oman news

Committed gas investments will likely plunge by $9.5 billion

4 May 02:39 PM MENA energy investments likely to surpass $805bn by 2025

Mubasher: Total planned and committed investments in MENA’s energy sector are expected to exceed $805 billion over the coming five years, the Arab Petroleum Investments Corporation (APICORP) said. This will mark an increase of $13 billion from the …

Macroeconomics

Middle East Energy Dubai will kick off on 17 May

3 May 03:10 PM Middle East seen as market leader in renewable, clean energy

Mubasher: The MENA region is projected to see 83 GW of renewable and clean energy capacity, mainly from solar and wind power, by 2035, according to a research from Informa Markets. In addition, over AED 55 billion worth of solar power projects …

Macroeconomics

The MEA region had the lowest number of corporate debt defaults in 2020

3 May 02:51 PM EM corporate debt likely to remain resilient in 2021 – Report

Mubasher: Companies in the Middle East and Africa (MEA) region recorded the least number of debt defaults in 2020 amid the coronavirus (COVID-19) pandemic. Despite the challenges posed by the pandemic, investment experts at Aberdeen Standard …

Macroeconomics

Plastic waste often impact marine life, ecosystems, and food chains

30 April 03:46 PM Egypt could soon ban single-use plastics amid COVID-19

By: Moslem Ali Cairo – Mubasher: Plastic bags that are often used for an average of 25 minutes could take more than 20 years to decompose, while other single-use plastic products, according to the World Wildlife Fund (WWF), might need between 400 …

Law

Noor Sweid, Founder and General Partner, Global Ventures

29 April 12:57 PM Startup Lounge: Health, edutech investments to flourish after pandemic – Noor Sweid

By: Ingy ElSafy Mubasher: The Middle East carries plenty of appeal for regional and international investors due to the favourable macroeconomic fundamentals that underpin these markets. Meanwhile, the sectors that have witnessed increased …

Macroeconomics

29 April 12:05 PM Gold demand declines in Q1 due to ETF outflows

The overall demand for gold declined during the first quarter (Q1) of the year by 23% year-on-year (YoY) to 815.7 tonnes, recent data suggests.

Global Indices

Egypt's Minister of International Cooperation, Rania El-Mashat

26 April 01:41 PM Egypt to build greener more inclusive economy after COVID - Rania El-Mashat

By: Moslem Ali and Ahmed Allam Cairo – Mubasher: Egypt was the only country in the region to achieve positive economic growth last year, despite the coronavirus (COVID-19) pandemic. Now, the country aims at taking the recovery as a chance to …

Global Economy

UN in 2015 led its member states to adopt the 2030 Agenda for Sustainable Development

22 April 12:06 PM Are MENA countries on track with achieving SDGs?

By: Ingy ElSafy Mubasher: The United Nations (UN) led its member states in 2015 to adopt the 2030 Agenda with 17 Sustainable Development Goals (SDGs) that include 169 specific targets, covering social, economic, and environmental dimensions, in …

Macroeconomics

20 April 02:23 PM Toyota’s BEV likely to boost presence in Asia-Pacific market

Global Reports

The currency will not replace cash and bank deposits

19 April 03:47 PM UK mulls creating new digital currency

Mubasher: The UK Treasury and Bank of England (BoE) announced the creation of a joint taskforce to explore a potential central bank digital currency (CBDC). The currency “would be a new form of digital money issued by the Bank of England and for …

Global Economy

15 April 03:36 PM CNG car sales in India up on rising fuel prices

Global Reports

15 April 01:44 PM Eastern Europe’s construction industry likely to grow 3.6% in 2021

Global Economy

The activities in oil-exporting coutries are expected to recover in 2021

15 April 01:33 PM IMF expects MENA real GDP to grow 4% in 2021

Mubasher: The International Monetary Fund (IMF) has upgraded its outlook for the real gross domestic product (GDP) growth in the MENA region to 4% in 2021, compared to its October projection of 3.2%. The real GDP growth of the GCC countries is …

Macroeconomics

15 April 01:14 PM Dell to get up to $9.7bn following VMWare stake spinoff

Mubasher: Dell Technologies Inc plans to spin off its 81% equity ownership in cloud computing and virtualization software firm VMware.

Global Reports

Online shopping has become more of a long-term behavior change

13 April 03:18 PM Online shopping in KSA, UAE likely to grow during Ramadan – Report

Riyadh – Mubasher: A greater surge in online shopping is expected to be witnessed during the month of Ramadan, which has just started today on 13 April, a recent survey Checkout.com unveiled. Online spending by consumers in the UAE and Saudi …

Sector Reports

4 April 04:49 PM Du aims to turn beginners into professional investors – Mubasher Media CEO

Cairo – Mubasher: The coronavirus (COVID-19) pandemic and its negative implications on the global economy have highlighted the urgent need for platforms that help investors protect their funds, take wise investment decisions, and pursue …

Companies Investments

Assem El-Bassal, CEO of Mubasher Media - (Photo Archive)

29 March 05:49 PM Mubasher Media supports investors, plans expansion – CEO Assem El-Bassal

Riyadh – Mubasher: The CEO of Mubasher Media, Assem El-Bassal, said on Monday that the company is working on covering the main aspects across major sectors, led by the investors’ sector, by providing a perfect electronic environment for investors …

Event

The Arab markets haven’t witnessed sharp fluctuations during the crisis

29 March 04:25 PM Arab markets successfully managed COVID-19 crisis thanks to central banks - Abul-Gheit

Riyadh – Mubasher: The leaderships of Arab stock markets have shown great resilience in dealing with the repercussions of the coronavirus (COVID-19) pandemic, Ahmed Abul-Gheit, Secretary-General of the Arab League, said on Monday. The Arab markets …

Event

Financial systems saw great changes during 2020 - (Photo Archive)

29 March 02:13 PM Arab markets lost $350bn at the pandemic's beginning - El-Dokany

Riyadh – Mubasher: Arab stock markets lost around $350 billion in market capitalisation in the first six weeks of the coronavirus (COVID-19) outbreak, according to the Secretary-General of the Arab Federation of Exchanges (AFE), Rami El-Dokany. …

Macroeconomics

Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group

29 March 01:47 PM We aim at increasing investors in Arab markets - Mubasher Chairman

Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies. More than 10 years …

Event

28 March 11:08 AM Mohammed bin Salman launches Saudi, regional green initiatives

Riyadh – Mubasher: The Saudi Crown Prince Mohammed bin Salman announced the ‘Saudi Green Initiative’ and the ‘Middle East Green Initiative’ with the aim to provide a roadmap for the kingdom and the region to combat climate change, the Saudi Press …

Macroeconomics

AFE Saudi Arabia 2021 will be held on 29-30 March

25 March 03:09 PM Saudi Arabia to host Arab Exchanges Federation Conference next week: Tadawul

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul), in partnership with the Arab Federation of Exchanges (AFE), is hosting the AFE Annual Conference Saudi Arabia 2021 from 29 to 30 March. The conference aims at creating a platform for …

Event

Users can track their stocks through the Du Invest app

25 March 01:40 PM Mubasher provides e-payment methods for investors via Du app

Cairo – Mubasher: The Vice Chairperson of Mubasher Capital Holding for Financial Investments, Ehab Rashad, said that Egyptian expatriates have shown interest in investing in their homeland and are always looking for investment options. Mubasher …

Companies Investments

24 March 04:46 PM Du Trade allows stock trading without barriers

Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, seeks to attract new segments of customers to invest in the Egyptian Exchange (EGX) through raising financial and investment …

Trading Activities