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03 July 10:43 AM

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28 June 02:15 PM DIFC initiates 1st Open Finance Lab in region; listed banks participate
UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …
Global Economy
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26 June 07:15 PM Tadawul to launch Single Stock Futures in July; 10 listed firms chosen
Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …
Global Economy
25 April 07:12 PM DAMAC’s parent company unveils $100m plans to enter metaverse
UAE - Mubasher: UAE-based DAMAC Group, the parent company of the listed Damac Properties Dubai Copmany, has announced plans to launch its digital products including virtual homes, property, and jewellery in the metaverse world. The group intends …
Companies Investments
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20 January 12:59 AM IHC sets up subsidiary to launch Rebound Plastic Exchange
Abu Dhabi – Mubasher: International Holding Company (IHC) has established a new subsidiary, dubbed Rebound Ltd, to launch Rebound Plastic Exchange as an innovative solution that aims to reduce the world’s plastic pollution. Rebound Plastic …
Trading Activities
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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 …
Companies Investments
Saudi Arabia set Arab Light OSP to Northwest Europe at a discount of $1.70/barrel
4 August 2021 03:14 PM Aramco raises September crude official selling prices for Asia
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has increased the September official selling prices (OSPs) for its Arab light crude to $3 per barrel above the Oman/Dubai average for Asia, Reuters reported on Wednesday. The Kingdom has …
Commodities
Aramco confirms that these claims are completely false
2 August 2021 10:44 AM Aramco denies mining Bitcoin
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has refuted the news reporting that it would embark on Bitcoin mining activities, according to a press release on Monday. “Aramco confirms that these claims are completely false and …
Currencies
Tabuk will hold the marketing authorisation for the COVID-19 vaccine
13 June 2021 01:11 PM Astra Industrial’s unit partners with Moderna to commercialise vaccine
Riyadh – Mubasher: Astra Industrial Group said its subsidiary Tabuk Pharmaceutical Manufacturing Company has signed a contract with Moderna to commercialise the latter’s COVID-19 vaccine and future variant-specific booster candidates in Saudi …
Companies Investments
Seera will be the exclusive partner of Klook in the Kingdom
17 May 2021 03:57 PM Seera, Klook to boost digital transformation of tourism sector
Riyadh – Mubasher: Seera Group has entered into a strategic partnership with travel and leisure booking platform Klook to enhance the digital transformation and growth of Saudi Arabia’s tourism sector, according to a press release on Monday. Seera …
Commodities
The transaction is expected to close in Q2-2021
31 March 2021 10:31 AM Ooredoo's unit inks $750m sale, leaseback deal for telecom towers in Indonesia
Mubasher: The Indonesian operating company PT Indosat Tbk, a subsidiary of National Mobile Telecommunications Company (Ooredoo), has entered into a $750 million sale and leaseback agreement with PT EPID Menara AssetCo for over 4,200 …
Companies Investments