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Regional debt issuances are expected to remain robust in 2021.
2 hours ago GCC debt issuance exceeds $100bn in 2020
Mubasher: GCC debt issuance was strong in 2020, crossing $100 billion on a continued need for budget financing, the National Bank of Kuwait (NBK) said in its latest economic update. The fourth quarter (Q4) of 2020 saw the issuance of about $15 …
During the MoU signing ceremony today
26 January 04:22 PM DirectFN to bring latest fintech-style technology across Uzbekistan
Riyadh – Mubasher: Uzbekistan’s Capital Markets Development Agency (CMDA) and DirectFN Ltd. penned a memorandum of understanding (MoU) to start a meaningful dialogue and cooperate on the possibility of launching the most-advanced fintech-style …
KSA will showcase 1,000 projects worth $160 billion at the third Future Projects Forum (FPF).
26 January 03:09 PM Saudi Arabia could be Mideast’s busiest construction market next decade
Riyadh – Mubasher: Saudi Arabia will be the Middle East’s busiest construction market over the course of the next decade as its new wave of major projects makes progress, according to GlobalData’s MEED. The Gulf state will showcase about 1,000 …
25 January 03:32 PM Boohoo acquires Debenhams for GBP 55m; all shops to close
Boohoo Group has inked an agreement to acquire the Debenhams brands and websites in exchange for £55m.
24 January 12:20 PM Revenue at Trump’s D.C. hotel down 62% in 2020
The revenue fell as the pandemic ravaged hospitality properties around the world.
24 January 11:19 AM HSBC tops M&A financial advisers by value in power sector
HSBC and Ernst & Young were the top mergers and acquisitions (M&A) financial advisers in the global power sector for 2020.
Sputnik V is the third COVID-19 vaccine approved in the UAE
21 January 02:04 PM UAE approves Russia's Sputnik vaccine for emergency use
UAE - Mubasher: The UAE Ministry of Health and Prevention has approved the Russian coronavirus (COVID-19) vaccine, Sputnik V, for emergency use, the Emirates News Agency (WAM) reported. Sputnik V is the third COVID-19 vaccine to be approved for …
20 January 04:49 PM Biden to be sworn in as US President on Wednesday
Biden announced an ambitious agenda for his first 100 days, including administering 100 million doses of coronavirus vaccinations.
20 January 02:04 PM Bahrain expected to raise $2 billion in bond sale
The debt sale comes after the Covid-19 pandemic and low oil prices exacerbated Bahrain’s fiscal deficit and pushed total outstanding debt to nearly $40 billion.
20 January 12:30 PM Britain’s inflation starts climb as Covid, Brexit effects combine
The UK's consumer prices rose by 0.6% in annual terms after a 0.3% increase in November.
19 January 04:25 PM Bank of America sees lower profits in Q4-20
Bank of America Corp recorded a decline in profits during the fourth quarter (Q4) of 2020.
19 January 02:41 PM Tesla starts delivering first Shanghai-made Model Y crossovers in China
Tesla began delivering locally-produced Model Y crossovers in China on 18 January.
The supercomputer is named after the first oil well discovered in Saudi Arabia.
19 January 01:26 PM Saudi Aramco, STC launch Dammam 7 supercomputer
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and the Saudi Telecom Company (stc) on Tuesday announced launching “Dammam 7”, a new supercomputer and one of the world’s 10 most powerful computers. The supercomputer, which is named …
The Qatari air carrier will resume services to Alexandria on 25 January
19 January 12:34 PM Qatar Airways resumes flights to Cairo
Cairo – Mubasher: Qatar Airways on Monday announced the resumption of daily flights to Cairo after Egypt ended a three-year ban on flights from the GCC nation. The Qatari air carrier said on its official Twitter account that it will resume …
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17 January 01:43 PM Emirates’ trade surplus with GCC hits AED 3bn in 9M
Dubai – Mubasher: The UAE’s trade surplus with GCC countries amounted to AED 3 billion ($817 million) during the first nine months of 2020. The achieved surplus excludes AED 35.601 billion worth of non-oil exports and AED 32.61 billion worth of …
14 January 03:38 PM PepsiCo plans to achieve net-zero emissions by 2040
PepsiCo seeks to achieve net-zero emissions across its production cycle system by 2040.
13 January 05:19 PM Chipmaker Qualcomm to acquire NUVIA for $1.4bn
Mubasher: Mobile-phone chipmaker Qualcomm Inc said an agreement to acquire NUVIA, a chip startup founded by three of Apple’s top executives, for about $1.4 billion.
The oil price is predicted to stabilise at around $50 per barrel
12 January 04:02 PM Global Sukuk issuance expected to rise to $140-$155bn in 2021
Mubasher: Global Sukuk issuance is expected to rise to around $140-$155 billion in 2021, driven by a recovery in issuance in Malaysia, Indonesia, and the GCC countries, according to a report by S&P Global Ratings. In 2020, the global Sukuk …
Egypt signed Al Ula agreement to a long-running dispute with Qatar
12 January 12:51 PM Egypt reopens airspace to Qatari flights
Cairo – Mubasher: Egypt has opened its airspace with Qatar after a three-year embargo against flights from the GCC nation. Following the decision, EgyptAir and Qatar Airways as well as other private air carriers can resume flights between the two …
The UAE’s Minister of State for Foreign Affairs, Anwar Gargash
7 January 01:44 PM UAE says trade, transport may resume with Qatar within week
Abu Dhabi – Mubasher: Trade and transportation could resume between Qatar and boycotting countries within a week, Reuters reported on Thursday citing the UAE’s Minister of State for Foreign Affairs, Anwar Gargash. “Some issues are easier to fix …
Qatar’s foreign reserves continued to rise for the 34th successive month in December 2020.
7 January 01:03 PM Standard Chartered expects Qatar’s economy to grow 3% this year
Doha – Mubasher: Standard Chartered expected Qatar’s economy to grow by 3% this year as the easing of a three-year-old regional dispute will help trade, tourism, and logistics, Reuters reported. The British lender had revised its previous 2.1% …
6 January 02:39 PM GM's 2020 China sales see third annual drop on pandemic
General Motors Co’s vehicle sales in China dropped by 6.2% in 2020, attributed to a prolonged sales slowdown in the world’s biggest auto market.
The St. Regis Cairo Hote has a construction area of more than 197,000 square metres
6 January 10:20 AM Qatari Diar inaugurates St. Regis Cairo Hotel
Cairo – Mubasher: The Qatari Diar Company on Tuesday inaugurated the St. Regis Cairo Hotel in the presence of the Qatari Minister of Finance, Ali Sherif Al-Emadi, the US Secretary of Treasury, Steven Mnuchin, and the Egyptian Minister of Finance, …
Saudi Arabia's Crown Prince Mohammed bin Salman signing the agreements.
5 January 04:44 PM Gulf leaders sign 41st GCC summit closing statement, Al ULA agreement
Riyadh – Mubasher: Gulf leaders on Tuesday have inked the closing statement of the 41st GCC summit and Al ULA agreement. The annual GCC summit kicked off today at Maraya Concert Hall in Saudi Arabia’s Al ULA city, with the presence of all member …
Egypt’s Foreign Minister, Sameh Shoukry, will also take part in the annual summit.
5 January 03:17 PM 41st GCC summit kicks off in Saudi Al ULA city
Riyadh – Mubasher: The 41st GCC summit has kicked off on Tuesday in Saudi Arabia’s Al ULA city. Earlier today, Gulf Arab leaders headed to Saudi Arabia to attend the summit. Egypt’s Foreign Minister, Sameh Shoukry, will also take part in the …