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The GCC is forecast to witness an economic recovery

2 hours ago Gulf states's GDP expected to contract by 5.9% in 2020

Mubasher: The gross domestic product (GDP) of the Arabian Gulf countries is expected to retract by 5.9% in 2020 when compared to 2019, as the world economy is suffering from the consequence of the coronavirus (COVID-19) pandemic. Fiscal deficit in …

Emirates Airline is set to lay off some employees amid the COVID-19 crisis

4 hours ago Emirates foresees recovery of airline industry by June 2021

Dubai - Mubasher: Emirates airline President, Tim Clark, expects the airline industry to see a recovery as of June of next year, after being affected by the coronavirus (COVID-19) pandemic, according to Zawya. Clark made the announcement …

ADIA ranking was followed by Kuwait's KIA on the SWFI global list

31 May 09:57 AM Abu Dhabi, Saudi sovereign wealth funds among world's largest

UAE - Mubasher: Abu Dhabi Investment Authority (ADIA) came in third place among the world's largest sovereign wealth funds with total assets of $579.6 billion, according to a report by the Sovereign Wealth Fund Institute (SWFI). ADIA's rankings by …

Ratings

Saudi Aramco is currently the most profitable company worldwide

26 May 11:02 AM World's top 2,000 list includes 40 Arab companies; Aramco ranked 5th

By: Amal A. Wahaab Mubasher: This year's Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine's ranking of the world's top 2,000 companies, based on assets, profits, revenues, and market value. Oil giant …

Banking and Finance

Hotels in five governorates could reopen after receiving the safety certificate

24 May 11:13 AM Egypt grants health safety certificates to over 70 hotels

Cairo - Mubasher: More than 70 hotels in Egypt last week have received the health safety certificate, which is necessary for resuming their operations, according to Egypt’s tourism and antiquities minister. Receiving the certificate came after …

HMM Algeciras containership's length is around 400 metres

24 May 10:29 AM World's largest container to cross Egypt's Suez Canal

Cairo - Mubasher: The Suez Canal will receive South Korea's HMM Algeciras, the world's largest containership, the Egyptian Ministry of Transport announced in a recent statement. The 24,000-TEU-class vessel will pass through the canal as after …

Photo by cafecredit.com

21 May 11:39 AM GCC sees growing trend for fintech platforms amid COVID-19 crisis

Mubasher: The GCC region is set for a big leap in the use of financial technology applications amid the coronavirus (COVID-19) outbreak with the Middle East and Africa (MEA) region witnessing a 70% growth in the use of contactless payments, …

Disinfection gates pose health risks to people

21 May 11:26 AM Disinfection gates proving ineffective against coronavirus

Mubasher: Sterilisation gates and rooms placed at the entrance of public places have not proven their effectiveness in curbing the spread of the highly contagious coronavirus (COVID-19), assistant secretary at the Kuwaiti Ministry of Health, …

The new solution provides accurate diagnostic results

21 May 09:47 AM Kuwaiti researchers develop new COVID-19 PCR test

Mubasher: A Kuwaiti research team has successfully developed a Polymerase Chain Reaction (PCR) test solution for the new coronavirus (COVID-19), Kuwait News Agency (KUNA) reported. The new test has excellent and accurate diagnostic results …

Ministry of Health - Saudi Arabia

20 May 04:07 PM KSA announces 2,691 COVID-19 cases Wednesday

Riyadh – Mubasher: Saudi Arabia has registered 2,691 new coronavirus (COVID-19) cases on Wednesday. The total number of cases increased to 62,545, the Ministry of Health daily report showed. On the other hand, 1,844 recovering cases were reported, …

Kuwait's death toll from COVID-19 increased to 121 on Tuesday

19 May 03:04 PM Kuwait reports 1,073 coronavirus cases on Tuesday

Mubasher: The number of confirmed cases of coronavirus (COVID-19) in Kuwait rose to 16,764 on Tuesday, with 1,073 people diagnosed with the novel disease in the last 24 hours, according to an official statement by the Ministry of Health. Death …

The UAE registered 1,214 recoveries

19 May 02:14 PM UAE confirms 873 new COVID-19 cases

UAE – Mubasher: The UAE has detected 873 new coronavirus (COVID-19) cases after conducting more than 38,000 new tests, the UAE Ministry of Health announced on Tuesday. Hence, the total number of cases reached 25,063 across the country. The UAE …

COVID-19 cases in the kingdom reached 57,345

18 May 04:12 PM Saudi Arabia announces 2,593 coronavirus cases on Monday

Riyadh – Mubasher: The Saudi Ministry of Health has reported on Monday 2,593 new coronavirus (COVID-19) cases. On the other hand, 3,026 recovering cases brought the total number of recoveries to 28,748, while the death toll from the virus in the …

A total of 11,234 patients are currently receiving treatment at hospitals

18 May 02:59 PM Kuwait reports 841 new coronavirus cases, 246 recoveries

Mubasher: The number of new coronavirus (COVID-19) cases in Kuwait jumped by 841 on Monday to reach 15,691 cases, the health ministry said on its official Twitter page. In the meantime, Kuwait’s death toll from the new coronavirus increased by six …

The nationwide nighttime curfew will begin at 5 p.m

17 May 03:26 PM Egypt to close shops, parks during Eid El-Fitr

Cairo – Mubasher: Egypt announced the closure of all shops, restaurants, shopping malls, parks, and beaches during Eid El-Fitr starting from Sunday, 24 May, until Friday, 29 May, to curb the spread of the coronavirus (COVID-19). All public …

The number of COVID-19 infections reached 11,719

17 May 12:08 PM Egypt denies news about full curfew during Eid El-Fitr

Cairo – Mubasher: The Egyptian Ministry of Health denied statements about imposing a one-week full curfew to combat the spread of the coronavirus (COVID-19). A statement attributed to the health minister Hala Zayed about imposing a full curfew …

A total of 180 tests will be conducted at random daily

17 May 09:51 AM Kuwait opens drive-thru coronavirus test site at airport

Mubasher: A drive-through coronavirus (COVID-19) testing service was recently inaugurated at Jazeera Airways’ Fly & Park facility at the Kuwait International Airport by the Kuwaiti Ministry of Health, Kuwait News Agency (KUNA) reported late on …

The total number of recoveries reached 2,326

13 May 10:34 AM Egypt’s COVID-19 cases exceed 10K

Cairo – Mubasher: The Egyptian Ministry of Health reported347 new coronavirus (COVID-19) cases and 11 new deaths. A total of 154 cases recovered and were released from the quarantine hospital during the last 24 hours, the spokesman of the health …

The total number of recoveries in Kuwait reached 3,101

12 May 03:42 PM Kuwait detects 991 new COVID-19 cases

Mubasher: Kuwait has confirmed 991 new coronavirus (COVID-19) cases, raising the total number of cases to 10,277, Kuwait's Ministry of Health announced on Tuesday. Among the new cases were 300 Indians, 222 Egyptians, 138 Kuwaitis, and …

Imports from GCC to KSA dropped to $1.1 billion in February

4 May 11:20 AM Saudi-GCC trade exchange amounts to $2bn in February

Riyadh – Mubasher: The total trade exchange between Saudi Arabia and member countries of the Gulf Cooperation Council (GCC) declined by nearly 4% to around $2 billion (SAR 7.8 billion) in February 2020 from $2.17 billion (SAR 8.13 billion) in the …

Kuwait's recoveries from the coronavirus reached 2,729 on Sunday

10 May 03:10 PM Kuwait’s coronavirus cases rise by a record 1,065

Mubasher: Kuwait has so far registered a total of 8,688 confirmed coronavirus (COVID-19) cases after 1,065 cases tested positive for the disease in the past 24 hours, according to an official statement on Sunday. This represents the highest …

The death toll reached 198

10 May 01:24 PM UAE confirms 781 COVID-19 cases

UAE – Mubasher: The UAE has detected 781 new coronavirus (COVID-19) cases after conducting 29,000 tests across the country, the UAE Ministry of Health announced on Sunday. Today's new cases raise the total number of cases in the UAE to 18,198. …

Al Wahda Mall will reopen on Sunday

10 May 11:23 AM Abu Dhabi to reopen some shopping centres this week

UAE – Mubasher: Several commercial centres in Abu Dhabi are set to reopen this week after obtaining official approvals and completing the cleaning and sterilization process to combat the coronavirus (COVID-19). Abu Dhabi Mall, Deerfields …

The curfew will start at 4 p.m. local time today

10 May 09:42 AM Kuwait begins full curfew for 20 days

Mubasher: Kuwait will enact a total curfew starting from Sunday, 10 May, through to 30 May based on the requirements of health bodies following the completion of the grand repatriation plan bringing stranded citizens from abroad, according to a …

The curfew begins at 9 p.m

7 May 03:50 PM Egypt extends nighttime curfew until end of Ramadan

Cairo - Mubasher: The Egyptian cabinet extended the nighttime curfew until the end of Ramadan, prime minister Mostafa Madbouly said in a televised press conference on Thursday. Madbouly urged citizens to take all precautionary measures to contain …