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26 January 08:22 AM

News Analysis

Good regulation prevents chaotic disruption
23 January 01:04 PM Middle East’s renewable energy targets face obstacles - GlobalData
Mubasher: The increasing dependence on solar and wind energy in the Middle East, led by Abu Dhabi, Dubai, and Saudi Arabia, has become remarkable, driven by governments’ ambitious renewable energy targets. However, the adoption of renewable energy …
Sector Reports
The Ministry of Economy delegation visiting DMCC
12 January 12:06 PM DMCC plays vital role in diamonds, precious metals trade in Dubai
UAE – Mubasher: DMCC has recently hosted the UAE’s minister of economy, Sultan Bin Saeed Al Mansouri, to sum up the entity's role in streamlining, boosting, and driving global trade through Dubai. The minister toured Almas Tower and visited both …
Commodities
Bahrain launched Cloud First Policy in 2017
7 January 03:58 PM Pakiza Abdulrahman: Gov’t leads cloud adoption in Bahrain; private sector is following – Interview
By: Ingy ElSafy & Moslem Ali Mubasher: Startup Bahrain is a national initiative launched in 2016 for the purpose of facilitating all tools required for small business to build and establish themselves while growing into international and regional …
Event
Tanker Forward Freight Agreement (FFA) volumes increased by 38% YoY in 2019
7 January 01:35 PM Volatility boosts freight derivative volumes in 2019
UAE – Mubasher: Freight derivatives markets showed higher traded volumes in 2019 for both tankers and dry cargo vessels, data by the Baltic Exchange showed.  Tanker Forward Freight Agreement (FFA) volumes increased by 38% year-on-year (YoY) to …
Sector Reports
The Innovation Hub will showcase many disruptive technologies in the IoMT ecosystem
6 January 01:13 PM MENA's Internet of Medical Things expected to reach $9bn by 2022
UAE – Mubasher: Arab Health, the Middle East and North Africa’s (MENA) largest exhibition for healthcare and trade professionals announced its return to the Dubai World Trade Centre (DWTC) and Conrad Dubai Hotel from 27 to 30 January 2020. The …
Sector Reports
The first edition of the brand-new show will be launched in Dubai South
6 January 12:04 PM Dubai to host new transport, logistics exhibition in November
UAE – Mubasher: A new trade show focused on providing the latest developments in the transport and logistics sector will be held in Dubai later this year, under the name SiTL Middle East, as announced by the event organizer Reed Exhibitions on …
Sector Reports
The Saudi Stock Exchange will be open for trading on Wednesday
31 December 2019 03:42 PM Twelve Arab stock markets, excluding KSA, off on 1 January
Mubasher: Twelve Arab stock markets will close on Wednesday, 1 January 2020, on the occasion of the New Year holiday. The Gulf stock markets that will close on Wednesday include the Dubai Financial Market (DFM), the Abu Dhabi Securities Exchange …
Trading Activities
DME oil futures is a benchmark for Oman, Dubai, Saudi Arabia, Bahrain and now Kuwait
31 December 2019 01:49 PM DME Oman to price Kuwait oil futures from February 2020
Dubai – Mubasher: Dubai Mercantile Exchange (DME) recently announced that Kuwait Petroleum Corporation (KPC) will use the DME Oman Futures contract as a price reference for Kuwaiti crude oil exports to Asia starting from 1 February 2020 onwards. …
Commodities
Executive vice president of Operations at DIFC, Alya Al Zarouni
30 December 2019 04:45 PM DIFC propels Mideast insurance landscape with industry leaders
UAE– Mubasher: Dubai International Financial Centre (DIFC) has entered into individual memoranda of understanding (MoUs) with Lloyd's Insurance Company, a global major insurance and reinsurance marketplace, and the UK-based Chartered Insurance …
International Agreements
Startups do not repay the funding since it is a grant by Tamkeen
26 December 2019 05:31 PM How can non-local startups get grants in Bahrain? – Interview with Pakiza Abdulrahman
 By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Startups endure several challenges in obtaining financing rounds, but this may not be an issue for a foreign startup if it decides to set up in Bahrain. Pakiza Abdulrahman, Manager of Business …
Trading hours will resume on Sunday, 5 January
25 December 2019 10:34 AM Boursa Kuwait announces New Year’s holiday
Mubasher: Boursa Kuwait announced a two-day holiday on the occasion of the New Year 2020, according to a statement on Wednesday. Kuwait’s stock market referred that it will close on Wednesday and Thursday, 1 and 2 January 2020. Trading hours will …
Trading Activities
The vice president and general manager in the Middle East for UL, Hamid Syed
24 December 2019 10:48 AM UL urges Mideast businesses to manage cybersecurity risks
UAE – Mubasher: The global leading safety science company, UL, has advised Middle East-based firms to take drastic steps against cybersecurity before it is too late. Cybersecurity has become an increasingly important issue among companies of all …
Vera Futorjanski during a panel at RiseUp Summit 2019
22 December 2019 10:50 AM Vera Futorjanski: Startups must focus on solving local challenges – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Vera Futorjanski, Director of Innovation and Partnerships at 500 Startups, recently participated in the RiseUp Summit 2019, held in the American University in Cairo (AUC) on 5-7 December, where she …
Global Economy
The CEO of IWG - Mark Dixon
18 December 2019 05:03 PM Flexible workspaces can boost local economies by $254bn – Regus Study
UAE – Mubasher: Due to the increasing global migration of flexible office space and co-working spots to areas outside large cosmopolitan cities, a ‘flex economy’ is being created and is likely to contribute over $254 billion to local economies …
Global Economy
Mohamed ElKasstawi as a speaker during RiseUp Summit 2019
12 December 2019 01:31 PM ElKasstawi: Stock markets, gov’t can boost performance via digital money – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Blockchain is increasingly carving out the space within the investment and banking sectors, with cryptocurrencies, tokens, and fiat expected to reshape the future of finance as many countries …
Event
70% of MENA’s corporate investors are GCC-based companies
9 December 2019 03:25 PM Corporate appetite in MENA grows in 5 years – Arabnet Report
Mubasher: The entrepreneurial ecosystem across the Middle East and North Africa (MENA) has been grabbing global and regional attention, with higher investor appetite and interest in the region’s startups, according to Arabnet report. The “State of …
General Assembly
Lebanon is home to 125 existing startups - Arabnet report
9 December 2019 02:23 PM Lebanese entrepreneurs think digitally if given space to grow – Arabnet Report
Mubasher: Lebanon’s entrepreneurial ecosystem flourished making the country among the major assets for digital innovation across the MENA region, following the implementation of Circular 331 of the Central Bank of Lebanon back in August 2014. …
Sector Reports
GCC chemical production capacity reached 174.8 million tons last year
4 December 2019 03:48 PM GCC chemical industry achieves $84bn in 2018
Mubasher: The chemical industry in the Gulf Cooperation Council (GCC) member countries achieved a revenue of $84.1 billion in 2018, according to a recent report by the Gulf Petrochemicals and Chemicals Association (GPCA). GCC production capacity …
Sector Reports
The offering was oversubscribed by more than 8.5 times
2 December 2019 05:41 PM Boursa Kuwait’s privatisation finalised; IPO 8.5 times oversubscribed
Mubasher: Kuwait’s Capital Market Authority (CMA) announced that the initial public offering (IPO) of its 50% stake in Boursa Kuwait Securities Company (BKSC) was finalised. The offering, which spanned between 1 October and 1 December, was …
Trading Activities
Banks represent 60% of Boursa Kuwait's market cap
2 December 2019 01:56 PM Kuwait’s listed banks post $280bn in assets in 9M
By: Mohamed Farouk Mubasher: Listed Kuwaiti banks’ assets amounted to $280 billion (KWD 84.956 billion) over the nine-month period ended 30 September, accounting for 75% of the total assets of bourse-listed companies, according to National Bank of …
Banking and Finance
Arab vacationers accounted for 28.3% of Dubai's total visitors
27 November 2019 03:15 PM Saudi tourists top Dubai's Arab visitors in 9M
By: Mahmoud Gamal Dubai – Mubasher: The number of Arab tourists travelling to Dubai grew by 5.5% year-on-year (YoY) to around 3.42 million over the first nine months of 2019, as shown by official data. Arab vacationers accounted for 28.3% of the …
Sector Reports
Aramco raised feedstock prices last month
27 November 2019 10:53 AM Oil prices directionless; demand estimates remain stable – Report
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised feedstock prices in October, a move which impact is likely to be seen in the fourth quarter (Q4), according to a recent report by Al Jazira Capital. A change in margins …
Sector Reports
Mobile’s economic contribution is forecast to exceed $220 billion by 2023
26 November 2019 02:18 PM Mobile tech adds $191bn/yr to MENA’s economy - Report
Dubai – Mubasher: Mobile ecosystems have a positive economic impact on markets across the Middle East and North Africa (MENA) region, according to a recent report by GSMA. Moreover, mobile technologies and services added $191 billion to the …
Macroeconomics
Diamond industry is at a major inflection point
26 November 2019 00:09 PM DMCC upbeat on long-term diamond industry outlook, despite pressures
Mubasher: The Dubai Multi Commodities Centre (DMCC) said on Tuesday that the diamond industry is facing major pressures, citing a variety of factors, but remained positive on the long-term economic outlook for the sector. A steady decline in …
Macroeconomics
Bayut remained the most trusted real estate website in the UAE
26 November 2019 11:06 AM Bayut sees steady upward trajectory with 3m traffic in October
Dubai – Mubasher: Bayut has seen a record-breaking traffic crossing over 3 million sessions recorded in October 2019, based on data by SimilarWeb, a highly popular digital market intelligence platform. Bayut succeeded to achieve a steady upward …
Companies Investments