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2 hours ago 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.
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 …
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 …
GACA issued a circular to all airlines operating in Saudi Arabia
4 July 03:48 PM Saudi Arabia suspends flights to three destinations on COVID variant
Riyadh – Mubasher: Saudi Arabia’s General Authority of Civil Aviation (GACA) has suspended direct and indirect travel of citizens to the UAE, Ethiopia, and Vietnam without obtaining prior permission from the concerned authorities due to the …
MENA’s ESG market currently represents 1.3% of 2021's global issuance
4 July 02:35 PM Green finance in MENA reaches $6.4bn in H1, exceeds global growth rate
Mubasher: Green and sustainability-linked debt issuances in the MENA region amounted to $6.4 billion in value during the first half (H1) of 2021, exceeding the global growth rate, according to a report by Bloomberg on Sunday. The region’s green …
4 July 01:33 PM Hitachi ABB to change name to Hitachi Energy
Mubasher: Hitachi ABB Power Grids will change its name to Hitachi Energy from October 2021, coinciding with its first-year anniversary. 
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 …
Both companies are holding advanced discussions for a possible transaction
30 June 03:05 PM Ooredoo, CK Hutchison extend MOU exclusivity period to potentially combine Indonesian businesses
Mubasher: National Mobile Telecommunications Company (Ooredoo) and CK Hutchison Holdings Limited have extended the exclusivity period for the non-legally binding Memorandum of Understanding (MoU) to potentially combine their Indonesian businesses. …
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 …
Middle East accounts for 23% of the global gaming industry
27 June 04:31 PM Mobile gaming market in Middle East likely to exceed $4bn next year
Mubasher: Approximately 100 million people in the Middle East use mobile gaming, with the industry across the region expected to reach $4.4 billion by 2022 compared to $1.06 billion in 2016. The region’s mobile gaming market grew 25% in 2020, …
24 June 04:40 PM OPEC+ considers cautious supply rise amid global demand for barrels
OPEC+ countries are scheduled to hold an online meeting on 1 July 2021 to consider whether to further raise oil production.
The UAE topped the Arab region with $19.88 billion worth of FDIs
24 June 02:34 PM UAE, Egypt, Saudi Arabia top Arab countries in FDIs
Mubasher: The UAE, Egypt, and Saudi Arabia were the top three Arab countries attracting foreign direct investment (FDI) inflows in 2020, according to the Arab Investment & Export Credit Guarantee Corporation (Dhaman) report on Thursday. The …
24 June 12:16 PM Credit Suisse expects 5.9% growth in global economy in 2021
The global economy is expected to grow 5.9% in 2021 and 4% in 2022, as countries are gradually resuming their economic activities.
The GCC listed bank’s NPL ratio increased to 3.4%
22 June 03:57 PM GCC listed banks’ CAR increases to 19% in 2020 – KPMG
Mubasher: The capital adequacy ratio (CAR) of the listed banks across the Gulf area rose to 18.7% in 2020 from 18.4% in 2019, according to a KPMG report. Net profit meanwhile shrank to $25.4 billion last year, compared to $36.6 billion in 2019. …
Morocco has emerged as a trending destination for Saudis
20 June 01:27 PM UAE, Egypt among top regional destinations for Saudis – Almosafer
Mubasher: The UAE, Egypt, Bahrain, and Qatar have topped the MENA region’s list of destinations of interest for Saudi international travellers since Saudi Arabia reopened its borders a month ago, given their proximity and familiarity, a recent …
The Middle East could be having a few more unicorns
17 June 12:25 PM Middle East could be seeing more billion-dollar startups – Careem CEO
Mubasher: The Middle East is not far from seeing more billion-dollar startups in the coming months, and it could be having “a few more unicorns in the region,” CEO of ride-hailing company Careem Mudassir Sheikha stated during a CNBC event The …
Tadawul remained the MENA region’s top listing venue in Q1-21
17 June 11:27 AM Saudi Arabia continues to lead MENA’s IPO market – EY
Mubasher: Saudi Arabia witnessed the most active initial public offering (IPO) transactions across the MENA region, topping the regional listing venue in the first quarter (Q1) of 2021, a recent report by Ernst & Young (EY) unveiled. The Saudi …
The Middle East listed banks reduce competition and increase their expertise
16 June 11:02 AM Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks
Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …