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Levant news

2 hours ago Arabica coffee prices hit highest level in seven years
3 hours ago UK retail sales grow at softer pace in July
UK retail sales recorded a slight growth slowdown in July after hitting an almost three-year high in June.
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 …
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 …
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. 
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.
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.
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 …
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 …
SAMA has claimed the Global Impact Award 2021 for Aber
16 June 03:21 PM SAMA says Aber project achieves main objectives
Riyadh – Mubasher: The Saudi Central Bank (SAMA) said the digital currency project Aber has succeeded to achieve its main objectives that mainly include understanding, experiencing, and analysing the maturity of the distributed ledger technology …
14 June 02:28 PM IMF considers $50bn plan to end COVID-19 pandemic
Dubai Health Authority (DHA)
13 June 04:29 PM Dubai says 80% of new COVID-19 cases were unvaccinated
UAE – Mubasher: The Dubai Health Authority (DHA) has revealed that vaccines against the coronavirus (COVID-19) reduce the risk of disease and hospitalization. The health authority has called upon everyone to get the vaccine, noting that eight out …
Tabuk will hold the marketing authorisation for the COVID-19 vaccine
13 June 01:11 PM Astra Industrial’s unit partners with Moderna to commercialise vaccine
Riyadh – Mubasher: Astra Industrial Group said its subsidiary Tabuk Pharmaceutical Manufacturing Company has signed a contract with Moderna to commercialise the latter’s COVID-19 vaccine and future variant-specific booster candidates in Saudi …
10 June 12:04 PM Net interest income represents 60% of banks’ revenues – Moody’s
8 June 03:40 PM Quorum acquires TietoEVRY's oil, gas software business
7 June 04:58 PM Bosch opens EUR 1bn chip plant in Germany
The Bosch Group has inaugurated a EUR 1 billion ($1.2 billion) chip plant in Dresden in Germany.
31 May 04:54 PM OECD raises global economic growth forecast to 5.8% in 2021
Mubasher: The Organisation for Economic Co-operation and Development (OECD) has raised its forecast global economic growth to 5.8%, up from a previous estimate of 5.6%.
Roberto Croci, Microsoft for Startups MEA’s Managing Director
27 May 01:03 PM Startup Lounge: Pandemic enabled tech solutions for business continuity - Roberto Croci
By: Ingy ElSafy Mubasher: The technology sector is playing a major role in carving out space for startups to grow and scale their business. One example is Microsoft, which has a programme dedicated to startups. Here in Startup Lounge, Mubasher …
25 May 02:51 PM Huawei to launch new operating system for phones
Huawei Technologies will be launching Harmony, its new operating system for smartphones.
25 May 01:27 PM UK's government borrowing drops for first time since pandemic
Mubasher: The UK’s government borrowing declined in April for the first time since the beginning of the coronavirus (COVID-19) pandemic.