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A total of 40 tonnes of high-grade blue ammonia were dispatched to Japan
27 September 02:15 PM Saudi Aramco, Japan’s IEEJ ship world’s first blue ammonia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Japan’s Institute of Energy Economics(IEEJ), in partnership with the Saudi Basic Industries Corporation (SABIC), demonstrated the production and shipment of blue ammonia from …
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27 September 10:27 AM Global Artificial Intelligence Summit to kick off next October
Riyadh – Mubasher: The Saudi Data and Artificial Intelligence Authority (SDAIA) will organise the Global Artificial Intelligence Summit (GAIS) on 21-22 October 2020, state-run Saudi Press Agency (SPA) reported on Sunday. Under the theme, “AI FOR …
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21 September 04:25 PM Saudi Arabia offers $48bn to support developmental projects worldwide
Riyadh – Mubasher: Saudi Arabia has provided around $48 billion in assistance to developmental projects around the world as part of financial contributions to international organisations and authorities. The kingdom granted $32.12 billion in aids …
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21 September 11:18 AM CPhI Middle East & Africa to kick off in Riyadh next year
Riyadh - Mubasher: This year’s edition of the leading regional pharmaceutical event CPhI Middle East & Africa will be held alongside the Global Health Exhibition (GHE) in Riyadh between 26 and 28 September 2021. Under the patronage of the Saudi …
Saudi imports from Arab countries tumbled by 17.65% yearly in H1-20
17 September 02:56 PM Saudi trade surplus with Arab states nears $6bn in H1
Riyadh – Mubasher: Saudi Arabia registered a trade surplus with Arab countries worth SAR 22.47 billion ($5.99 billion) in the first half (H1) of 2020, a yearly decrease of 37.5% when compared to SAR 35.93 billion ($9.58 billion) in the year-ago …
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15 September 01:27 PM Saudi ranks third in MENA by startup deals, funding – MAGNiTT
Riyadh – Mubasher: Various economic sectors in Saudi Arabia generate growing interest in startups in implementation of the Kingdom’s Vision 2030, boosting the GCC nation to take the third spot in terms of the number of deals and total …
The new projects are added to the programme's inaugural cohort of 25
13 September 10:12 AM Expo 2020 reveals 20 new projects in Global Best Practice Programme
UAE - Mubasher: Expo 2020 Dubai has selected 20 new innovative projects under the second stream of projects of the Global Best Practice Programme, according to a recent press release. The new projects are added to the programme's inaugural cohort …
10 September 04:50 PM Amazon may acquire $20bn stake in India’s Reliance Retail
Mubasher: India’s Reliance Industries Ltd is looking to offer to sell about $20 billion stake in its retail business to Amazon, Bloomberg reported.
10 September 03:57 PM Big fire erupts at Beirut port weeks after massive blast
A massive fire erupted on Thursday at Beirut port only a little more than a month after a huge blast devastated the port.
10 September 01:47 PM World needs 8,000 jets to deliver vaccines - IATA
A total of 8,000 747 cargo aircraft are needed to transport the coronavirus (COVID-19) vaccines to 7.8 billion people across the world.
9 September 06:52 PM Amazon to open two fulfilment centres in Canada
Amazon.com has planned to inaugurate two new fulfilment centres in Ontario in Canada to offer 2,500 new job opportunities.
9 September 05:14 PM France’s LVMH backs out of $16bn Tiffany acquisition deal
Mubasher: LVMH announced the end of talks over a $16 billion planned acquisition of the US jeweler Tiffany.
9 September 04:31 PM AstraZeneca suspends coronavirus vaccine trial
AstraZeneca has suspended global trials of its experimental coronavirus vaccine, which it develops with the University of Oxford.
The airline will operate flights to Lagos four times per week
6 September 10:30 AM Emirates to resume flights to two Nigerian cities
UAE - Mubasher: Emirates Airline will resume its flights to the Nigerian cities, Lagos and Abuja, on 7 and 9 September, respectively, expanding its network in Africa to 13 destinations. The airline will operate flights to Lagos four times per …
DFM has approved BH Mubasher as a Market Maker
30 August 04:50 PM DFM approves BH Mubasher as Market Maker
Dubai – Mubasher: The Dubai Financial Market (DFM) has approved BH Mubasher, a leading company in the UAE’s financial market, as a Market Maker. The move authorises BH Mubasher to provide liquidity to companies listed on the DFM, according to the …
2 September 04:12 PM Australia falls into first recession in 29 years
Mubasher: Australia reported its sharpest economic decline on record in the second quarter (Q2) of 2020.
31 August 04:32 PM Buffett announces $6bn investment in five major Japanese firms
Mubasher: Warren Buffett’s Berkshire Hathaway Inc announced a $6 billion investment in five of Japan’s largest trading houses.
GCCIA owns the interconnection linking the power systems of all six GCC countries
30 August 05:32 PM GCCIA inks deal with Hitachi ABB to optimise power infrastructure
Riyadh – Mubasher: Hitachi ABB Power Grids has been awarded a three-year agreement by Gulf Cooperation Council Interconnection Authority (GCCIA) to optimise the power infrastructure, paving the way for the connection between Egypt and Saudi …
COVID-19 made investments in healthcare a top priority
20 August 03:35 PM COVID-19 and the future of digital healthcare services
By: Moslem Ali Cairo – Mubasher: The coronavirus (COVID-19) crisis has changed the outlook for investments in the healthcare sector, providing new opportunities to startups from around the globe, panellists agreed during the Future of Healthcare …
This recession is forecast to drive lower investments
20 August 12:30 PM What should the world learn from the COVID-19 crisis?
By: Marina Gamil Mubasher: Economies have been hit hard by the coronavirus (COVID-19) pandemic, which affected people’s lives, slowed down activity, and disrupted financial markets and supply chains, pushing the world to think of new ways to …
27 August 05:58 PM Amazon to inaugurate first fresh grocery store in Los Angeles
Amazon will open its first Fresh grocery store in Los Angeles’ Woodland Hills neighborhood in the upcoming period.
27 August 05:51 PM US Fed shifts inflation target
Mubasher: The US Federal Reserve announced a new strategy to boost employment and allow inflation to rise above the 2% target “for some time".
Technology will help bring the best quality of education to all pupils
17 August 03:45 PM The rise of EdTech amid a pandemic; ephemeral boom or a new era?
By: Amal A. Wahaab Cairo – Mubasher: The first virtual event of RiseUp Summit, RiseUp from Home, has recently taken place through the online eventtus platform, under the slogan “Got Grit?” The three-day event was held remotely on 13-15 August in …
26 August 11:37 AM Germany extends coronavirus relief measures at EUR 10bn cost
Mubasher: German coalition parties agreed to extend a programme to relieve the impact of the coronavirus (COVID-19) crisis on economy.
The three-day event was held between 13 and 15 August
16 August 03:32 PM How can businesses prepare for the next pandemic?
By: Amal A. Wahaab Cairo – Mubasher: RiseUp Summit has recently concluded its first virtual event, RiseUp from Home, which was launched in line with the preventive measures against the coronavirus pandemic. The three-day event was held on 13-15 …