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Khalid Al Ballaa, Senior Director and Board Member of Mubasher during ArabNet Riyadh 2019
11 December 07:19 PM Mubasher shares success stories, ambitions at ArabNet Riyadh
Riyadh – Mubasher: ArabNet hosted Khalid Al Ballaa, senior director and board member of Mubasher Financial Services Group, to discuss the company’s success stories, ambitions and the challenges it has faced since the late 1990s. The company …
11 December 06:09 PM VoLTE users to reach 5bn in 5 years–Juniper Research
Mubasher: Users of the voice over LTE technology worldwide will grow by 2 billion to reach 5 billion by 2024.
11 December 05:36 PM OPEC produces less barrels in November on lower Saudi output
Mubasher: Member states of the Organization of the Petroleum Exporting Countries pumped lower number of barrels in November.
GFH's international scale ratings were confirmed at 'BB/B'
11 December 04:02 PM IIRA confirms GFH’s ratings at ‘BB/B,’ ‘stable’ outlook
Mubasher: The Islamic International Rating Agency (IIRA) has confirmed on Wednesday the GFH Financial Group’s international scale ratings at ‘BB/B.’ Furthermore, the group’s national scale ratings were kept at ‘BBB-(bh)/A3-(bh),’ while maintaining …
Khalid Al Ballaa, Assem El-Bassal, and Michel Malkoun
11 December 03:17 PM DMS named Exclusive Media Representatives for Mubasher.info
Riyadh – Mubasher: Digital Media Services (DMS), the digital arm of Choueiri Group, has been recently appointed as the ‘Exclusive Media Representatives’ for Mubasher.info, the Middle East and North Africa’s (MENA) most preferred Arabic-language …
MSC Bellissima will make 17 calls and spend 35 days in Dubai
11 December 12:40 PM DP World, MSC Cruises ink long-term deal to promote tourism
Dubai – Mubahser: DP World has entered into a long-term agreement with MSC Cruises for preferential berthing rights at Mina Rashid in Dubai, strengthening the Geneva, Switzerland-based cruise line’s position as a top passenger cruise operator in …
Sawiris set the mastering plan for Andermatt
11 December 11:08 AM Except for El Gouna, all projects came by coincidence – Samih Sawiris in RiseUp
By: Ingy ElSafy Cairo -Mubasher: On the final day of the RiseUp Summit 2019, the Egyptian tycoon Samih Sawiris was hosted to talk to the attendees about different topics and events, whether by speaking out on personal or business matters. The …
Kuwaiti barrels settled at $65.47 per barrel
11 December 10:41 AM Kuwaiti oil barrels end Tuesday at $65.47 pb–KPC
Mubasher: Kuwait crude oil edged up by $0.6, settling at $65.47 per barrel (pb) on Tuesday, the Kuwait Petroleum Corporation (KPC) said on Wednesday. This came after Kuwaiti barrels recorded $65.41 pb in the prior session, Globally, crude prices …
10 December 01:36 PM Rolls-Royce’s biggest shareholder leaves board
Mubasher: UK engineering giant Rolls-Royce said that representative of its largest shareholder ValueAct Capital left its board, according to its website.
10 December 01:00 PM Moody’s sees stable outlook for global life insurance
Life insurance sectors in Germany, Norway, and Taiwan are seen as the most exposed to low interest rates
10 December 12:40 PM Kennedy Wilson buys Greater London office campus for $179m
Mubasher: US property giant Kennedy Wilson and its equity partners concluded an off-market purchase of a quality office campus in Greater London sub-market of Weybridge.
Kuwait oil closed at $65.41 per barrel
10 December 10:27 AM Kuwait oil ends Monday at $65.41 pb - KPC
Mubasher: Kuwait crude oil climbed by $0.64, to close at $65.41 per barrel (pb) on Monday, compared with $64.77 pb in Friday’s settlement, the Kuwait Petroleum Corporation (KPC) said. Outside Kuwait, oil prices, however, fell worldwide, after …
9 December 06:57 PM Finland appoints world’s youngest Prime Minister
34-year old Sanna Marin has been chosen as the new Prime Minister of Finland, which makes her the youngest serving prime minister in the world.
Samih Sawiris as a speaker at RiseUp Summit 2019
9 December 04:44 PM Samih Sawiris speaks out on personal & business habits during RiseUp
By: Ingy ElSafy Cairo – Mubasher: A lot of people lack the presence of a role model or mentor in their lives to take after and aspire when it comes to both personal and business matters. The Egyptian billionaire Samih Sawiris has opened up before …
Dubai International Airport
9 December 04:32 PM Dubai Airports prepares to cut single-use plastics
UAE – Mubasher: As the clock is ticking towards the self-imposed deadline to ban single-use plastics, Dubai International Airport (DXB) is actively laying the groundwork to eliminate plastic cutlery and drinking straws. In June 2019, Dubai …
9 December 04:06 PM OZY Media sees "exponential growth" from MENA in entertainment, media
Mubasher: The global media pioneering company, OZY Media, said it will increase its focus on the entertainment and media industry across the MENA region.
70% of MENA’s corporate investors are GCC-based companies
9 December 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 …
9 December 02:53 PM China’s solar PV market grows despite US tariffs - GlobalData
The global solar PV market is expected to see a 13% growth in installations
9 December 02:51 PM EBRD invests $4m in Turkish bus-ticketing service firm oBilet
Mubasher: The European Bank for Reconstruction and Development announced an equity investment of $4 million in Turkish online bus-ticketing service provider oBilet.
Lebanon and Jordan saw the highest female participation at 20%
9 December 02:29 PM MENA's public, private sectors foster female entrepreneurs' inclusion – Arabnet Report
Mubasher: The proportion of female entrepreneurs across the region stabilised at 14% during the period from 2013 and 2018 despite the governments' initiatives to involve more females in the labour force, according to the 4th edition of the “State …
Lebanon is home to 125 existing startups - Arabnet report
9 December 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. …
9 December 01:57 PM Swedbank rejigs management structure; Baltic banking head leaves
Mubasher: Swedbank announced on Monday that its chief risk officer will leave, in the framework of the Swedish lender’s plan to revamp its structure.
9 December 12:31 PM Sanofi to acquire US biotech firm Sythorx $2.5bn
Mubasher: Sanofi on Monday said it will take over US biotechnology company Synthorx in a cash deal that valued the latter at $2.5 billion.
Samih Sawiris during RiseUp Summit 2019
8 December 05:21 PM Samih Sawiris gives tips to startups, mentions El Gouna Hub during RiseUp
By: Ingy ElSafy Cairo Mubasher: When asked about his advice to the youth who want to establish their own business and startups, the Egyptian billionaire Samih Sawiris said, during the RiseUp Summit 2019 that was on 5-7 December at the American …
Expenditures on fuel subsidies retreated to EGP 7.25 billion
8 December 05:16 PM Egypt cuts spending on fuel subsidies by 69% in Q1-19/20
Cairo – Mubasher: Egypt has slashed spending on fuel subsidies by 69% year on year during the first quarter of fiscal year 2019/2020, Reuters reported on Sunday, citing the Egyptian minister of petroleum Tarek El-Molla as saying.  The most …