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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, …
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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 …
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 …
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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 …
The Omani investments in the most populous Arab nation reached $77.5 million
8 September 11:40 AM Egypt-Oman trade exchange hits $500m
Cairo – Mubasher: The Egyptian Minister of Trade and Industry, Nevine Gamea, stressed the importance of intensifying efforts between the governments and business communities in Egypt and Oman to enhance bilateral trade and mutual investments.  …
There was a decline in the capital investment to $12.4 billion
26 August 02:24 PM FDI projects in region decline 7%, capital investment shrinks 17% in H1-21
Mubasher: The number of foreign direct investment (FDI) projects in the Arab countries has decreased by 6.9% to 285 during the first half (H1) of 2021, according to a report by The Arab Investment & Export Credit Guarantee Corporation (Dhaman) on …
25 August 04:10 PM Xiaomi records 64% higher revenues in Q2-21
Xiaomi Corp reported a 64% increase in revenues to 87.8 billion yuan during the second quarter (Q2) of 2021.
The Egyptian market accounts for 10-15% of Mrsool's total operations
16 August 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 …
Job applicants can answer questionnaires and present an introductory video
16 August 03:29 PM AI-powered conversational recruitment tool could cut hiring time by 80%
Mubasher: A new online platform that uses artificial intelligence (AI) solutions claims it can make the recruitment process easier for both employers and job candidates, cutting down hiring time by 80%. Launched by US-based Velents, ConvoRecruit …
The signing ceremony
1 August 05:20 PM DirectFN signs contract for African Exchanges Linkage Project
Mubasher: The African Securities Exchanges Association (ASEA) has signed a contract with DirectFN to procure an order-routing system, in support of cross-border trading between African markets. Seven of Africa’s leading securities exchanges are …
All of MENA’s top markets saw an absolute positive change in funding
5 August 03:52 PM Saudi Arabia is MENA’s second largest market in VC funding – Report
Mubasher: Total venture capital (VC) funding in the MENA region stood at $1.2 billion in the first half (H1) of 2021, with the UAE acquiring the majority of the share at 62%. Saudi Arabia has been the second largest market in the region with a …
The Hajj season this year will witness a digitised journey from start to finish
13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj
By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …
28 July 04:03 PM Pfizer’s sales of COVID-19 shots hit $7.8bn in Q2-21
27 July 03:29 PM Arabica coffee prices hit highest level in seven years
26 July 01:19 PM Bitcoin hits highest level since May
21 July 03:44 PM Johnson & Johnson expects $2.5bn in COVID-19 sales in 2021
Johnson & Johnson has expected to record $2.5 billion in the sales of its coronavirus (COVID-19) vaccine.
21 July 11:10 AM Central banks, wealth funds shifting to greener investments
COVID-19 is accelerating the transition of central banks and wealth funds to greener investments.
21 July 10:07 AM World Bank deploys $157bn to fight COVID-19 impacts
The World Bank has allocated over $157 billion to face the health, economic, and social impacts of COVID-19.
20 July 02:21 PM CO2 emissions to surge to record levels in 2023
The global carbon dioxide (CO2) emissions are set to surge to record levels in 2023.
Ahmed El-Alfi, Chairman of Sawari Ventures
22 June 04:46 PM Startup Lounge: Tech offers great opportunities for success – Interview with Ahmed El-Alfi
By: Moslem Ali Cairo - Mubasher: In the second instalment of our interview with the Founder and Chairman of Sawari Ventures, Ahmed El-Alfi, we discuss the future of technology and the opportunities of startups to succeed as technological …
Ahmed El-Alfi, Chairman of Sawari Ventures
21 June 01:01 PM Startup Lounge: High growth requires taking risks – Interview with Ahmed El-Alfi
By: Moslem Ali Cairo - Mubasher: Today’s guest in the Startup Lounge has played an integral role in developing the entrepreneurial scene in Egypt and the MENA region. He is one of the startup ecosystem leaders and investors who brought real …
Majority of GCC consumers likely to opt for digital banking services
6 July 05:22 PM Majority of GCC consumers likely to opt for digital banking services
Mubasher: The majority of GCC consumers, about 85% of respondents to a survey, would currently opt for digital banking services rather than visiting a bank branch, according to a paper by Backbase with YouGov. With the appetite accelerating more …
Saudi Arabia’s NCB Capital topped the list with $50.4 billion in AUM
6 July 03:43 PM Saudi Arabia dominates Forbes Middle East’s 2021 asset managers list
Mubasher: A total of 16 Saudi Arabia companies have been included in Forbes Middle East’s 30 Biggest Asset Managers 2021 list, representing more than 50% of the list. The 30 asset managers in the region posted a cumulative $258.2 billion in assets …
Oil prices closed at $75 per barrel at the end of June
6 July 02:11 PM GCC markets continue to see gains on higher oil prices – Markaz
Mubasher: The S&P GCC Composite index, a comprehensive benchmark covering stocks from the six Gulf markets, gained last June for the eighth consecutive month as oil prices continued to rise, with Brent crude remaining above $70 per barrel …