News Analysis

Riyadh – Mubasher: The football industry amounts to $200 billion of gross domestic product (GDP) as of 2018, with 70% coming only from Europe, President of FIFA, Gianni Infantino, said on the first day of the seventh Future Investment Initiative …

UAE – Mubasher: Abu Dhabi-based blockchain and crypto solutions company Phoenix Group plans to float its shares on the Abu Dhabi Securities Exchange (ADX), according to a press release. Through its initial public offering (IPO), Phoenix Group …

Mubasher: The aggregated estimated value of the construction development pipeline in the MENA region has surpassed $3 trillion with Egypt, Saudi Arabia, and the UAE acquiring more than 60% of it, according to JLL’s Construction Market Intelligence …

Mubasher: Shariah-compliant cryptocurrency Islamic Coin announced its listing on KuCoin, one of the world's biggest cryptocurrency exchanges, according to a press release. The launch, which took place on 10 October 2023, marks the first of a …

Mubasher: Under the sponsorship of Mubasher Global, the 1st Investor Competition for traders in the US stock market will kick off next month, from 2 until 31 October 2023. Registration for Mubasher’s U.S. markets Virtual Stock Trading Competition …

Mubasher: Mubasher Global is launching the Egyptian Exchange (EGX) Virtual Stock Trading Competition – Season 9, where participants will be getting a virtual amount equivalent to EGP 100,000 to start actual trading. The one-month contest, which …

Riyadh – Mubasher: ADES Holding Company, a leading oil and gas drilling and production services provider in the MENA region, set the final offer price for its initial public offering (IPO) on the Saudi Exchange (Tadawul) at SAR 13.50 per share. …

UAE – Mubasher: The UAE Carbon Alliance intends to pledge an indicative intended purchase amounting to $450 million in African carbon credits by 2030. The targeted purchase is a result of a recent non-binding Letter of Intent between the UAE …

Mubasher: The main index (DFMGI) of Dubai Financial Market (DFM) as well as FADGI, the benchmark index of Abu Dhabi Securities Exchange (ADX), ended Thursday’s session in the red zone. As for the Saudi Exchange (Tadawul), the main market’s All …

Mubasher: Kuwait prepares to launch a state-owned sovereign fund to grow its local economy, finance megaprojects, and diversify its investment spectrum from foreign investors as well as the private sector, Reuters recently cited a government plan. …

UAE - Mubasher: The UAE came first among Arab countries and 29th worldwide in UNIDO’s Competitive Industrial Performance Index (CIP), advancing two places from 2022 ranking, according to a press release. The index ranks 153 countries from across …

Cairo – Mubasher: Egypt’s Ministry of Petroleum and Mineral Resources announced the launch of Egypt Upstream Gateway (EUG), a digital platform to promote oil and gas opportunities in the country. Taking the local petroleum sector to a global …

UAE – Mubasher: Bybit, headquartered in Dubai, has obtained a licence to operate a crypto exchange in addition to offering custody services in Cyprus. The acquired licence from the regulatory authorities in Cyprus will enable the platform to offer …

Mubasher: Saudi Arabia has dominated Forbes Middle East’s Top 100 Listed Companies with 33 entries, followed by the UAE with 28, Qatar with 16, and Kuwait with nine. Stock markets have been under pressure amid high inflation and global unrest, as …

Dubai – Mubasher: The Dubai Financial Market (DFM) announced the listing and trading of futures contracts on its General Index (DFMGI) as of 29 May 2023 to provide investors with unique investment and hedging opportunities. DFMGI includes the most …

Cairo – Mubasher: The Financial Regulatory Authority (FRA) has recently approved the launch of Azimut Precious Metals Fund under the name az-Gold, which marks the first gold investment fund in Egypt. Mubasher Trade, which is licensed by the …

Mubasher: The UAE has topped the 10 lowest risk countries across the Middle East and Africa (MEA) region in GlobalData Regional and Global Risk Index (GCRI) for the fourth quarter (Q4) of 2022. The region is seen affected by supply chain …

Mubasher: The six GCC economies are expected to grow at 3.9% throughout 2023, which marks twice the pace of the estimated world growth of 1.7%, according to a recent report by Mubasher Capital. As governments plan to boost the growth of their …

Riyadh – Mubasher: The International Islamic Trade Finance Corporation (ITFC), on behalf of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program, penned two agreements at a total value of $725,000 to endorse Egyptian women and …

Mubasher: Economic growth among the GCC countries is forecast to be slower in 2023, following a sharp recovery in 2022, according to a recent report by S&P Global. The report attributed the sluggish economic growth to OPEC-related oil production …

Mubasher: The business travel spending across the Middle East and Africa (MEA) region is projected to return to pre-pandemic levels by 2024, according to the Business Travel Index Outlook annual forecast and outlook 2022 from the Global Business …

Mubasher: The Central Bank of Kuwait (CBK) decided to lift the discount rate by 0.50% to 4% from 3.50% starting from Thursday, 26 January 2023. The decision is part of recent developments in local and international economic conditions, in addition …

Riyadh – Mubasher: Saudi Arabia’s DirectFN will be connecting seven African stock exchanges with a market value of $1.50 trillion through the online platform The AELP Trading Link under the African Stock Exchanges Linking Project. The first phase …