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17 January 09:23 AM

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11 January 01:42 PM Future Minerals Forum begins in Riyadh to shape future of mining sector
Riyadh – Mubasher: Saudi Arabia’s capital, Riyadh, is hosting the first-ever Future Minerals Forum for three days starting today, 11 January. The event is held under the patronage of the Custodian of The Two Holy Mosques, King Salman bin Abdulaziz …
Global Economy
Fady Azzouny, Founder and CEO of Vetwork
26 December 2021 02:47 PM Startup Lounge: Vetwork is currently raising round to further build technology, expand – Azzouny
By: Ingy ElSafy  Mubasher: Egypt has been seeing a surge in the number of pet owners over the past years, which triggered the demand for providing more veterinary services, pet food and supplies, as well as developing tech-related tools to serve …
Global Economy
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29 December 2021 05:04 PM UAE to host 1st edition of Electric Vehicle Innovation Summit in May
Mubasher: The UAE will host the first edition of the annual Electric Vehicle Innovation Summit (EVIS) on 23-25 May 2022 in Abu Dhabi. Organised by Nirvana Holding, the summit will gather many companies in the electric vehicle and related business …
Event
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27 December 2021 07:01 PM Egypt endorses international cooperation through several committee, ministerial meetings
Cairo – Mubasher: Egypt’s Ministry of International Cooperation held joint committee meetings as well as tripartite meetings during 2021 to boost bilateral relations and cooperation across different sectors with several countries. The joint …
Macroeconomics
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15 December 2021 06:09 PM IFC, SBI Ventures Singapore invest in GMA to endorse emerging markets
UAE – Mubasher: The World Bank Group’s International Finance Corporation (IFC) has teamed up with SBI Ventures Singapore for an equity investment in Dubai-based Global Market Access Network (GMA). This investment is expected to financially and …
Companies Investments
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14 December 2021 04:42 PM Startup Lounge: Paymob is planning to expand in MENA – Islam Shawky
By: Marina Gamil   Mubasher: With Egypt accelerating its digital transformation, more fintech startups and companies have been evolving in the country, especially during the COVID-19 pandemic time, to offer various digital payments, ensure …
Global Economy
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14 December 2021 05:35 PM Jumia records $150m in GMV during 2021 Black Friday season
Mubasher: Jumia Technologies registered a gross merchandise volume (GMV) of $150 million, including the sales of Jumia Egypt, during the Black Friday season this year. The GMV was 30% year-on-year (YoY) higher than the amount recorded in 5-30 …
Companies Investments
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14 December 2021 03:54 PM Aramex, Virtuzone to provide regional e-commerce startup programme with solutions
Mubasher: Aramex has teamed up with Virtuzone to offer logistics and shipping solutions to the members of AMP, an e-commerce startup accelerator programme in the MENA region. Under the partnership, Aramex will provide AMP members with special …
Global Economy
Mohamed Al Ansari and Bill Gates
12 December 2021 11:20 AM Al Ansari Exchange, Gates Foundation pen $10m deal to boost MEA healthcare
Mubasher: The UAE’s foreign exchange and worldwide money transfer company, Al Ansari Exchange, has teamed up with the Bill & Melinda Gates Foundation to earmark $10 million for the regional healthcare sector. Through the foundation’s matching …
Companies Investments
Photo Gallery (During the 8th Arab Aviation Summit)
12 December 2021 11:03 AM Ras Al Khaimah to host 9th edition of Arab Aviation Summit next year
Mubasher: The UAE’s Ras Al Khaimah will host the ninth Arab Aviation Summit (AAS) during the period from 28 February 28 to 2 March 2022 at Al Hamra International Exhibition & Conference Centre, according to a press release on Sunday. During the …
Global Economy
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7 December 2021 06:03 PM Gulf banks' outlook seen stable amid regional economic recovery, higher oil prices
Mubasher: Moody's Investors Service expected the outlook for GCC banks to be stable over the coming 12 to 18 months, backed by economic recovery in the region as well as higher oil prices, according to a report on Tuesday. The Gulf lenders’ credit …
Ratings
Hesham Safwat - CEO of Jumia Egypt
25 November 2021 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
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1 December 2021 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 …
Global Economy
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1 December 2021 01:03 PM Saudi Arabia's 1st Future Minerals Forum to kick off next month
Riyadh – Mubasher: Saudi Arabia will debut its first-ever Future Minerals Forum during 11-13 January 2022 in the capital Riyadh, the Ministry of Industry and Mineral Resources announced on Wednesday. A ministerial roundtable before the forum will …
Global Economy
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30 November 2021 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 …
Banking and Finance
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30 November 2021 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
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23 November 2021 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
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22 November 2021 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
Nahdet El-Mahrousa Business Incubator
1 November 2021 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
Nihal El-Chami, Head of Programme and Marketing at Falak Startups
14 September 2021 00:49 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 …
Macroeconomics
The segment brings the total length of the 2Africa cable system to over 45,000 km
28 September 2021 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 …
Companies Investments
27 September 2021 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
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20 September 2021 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
The Egyptian market accounts for 10-15% of Mrsool's total operations
16 August 2021 02:39 PM Mrsool eyes expansion in Africa via Egypt, listing on an Arab stock exchange
By: Ahmed Allam  Cairo - Mubasher: Mrsool has invested about EGP 300 million in the Egyptian market since launching its operations in the country in mid-2019, Country Manager for Egypt Osama Harfoush revealed.  The Saudi delivery platform is …
Initial Public Offerings
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16 September 2021 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