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Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
CEO of Mubasher Media, Assem El-Bassal
4 April 04:49 PM Du aims to turn beginners into professional investors – Mubasher Media CEO
Cairo – Mubasher: The coronavirus (COVID-19) pandemic and its negative implications on the global economy have highlighted the urgent need for platforms that help investors protect their funds, take wise investment decisions, and pursue …
Assem El-Bassal, CEO of Mubasher Media - (Photo Archive)
29 March 05:49 PM Mubasher Media supports investors, plans expansion – CEO Assem El-Bassal
Riyadh – Mubasher: The CEO of Mubasher Media, Assem El-Bassal, said on Monday that the company is working on covering the main aspects across major sectors, led by the investors’ sector, by providing a perfect electronic environment for investors …
Mubasher seeks to enable beginners to become professional traders - (Photo Archive)
29 March 04:39 PM Mubasher's vision in line with Egypt's efforts to support investment plans - Rashad
Riyadh - Mubasher: The vision of Mubasher is in line with Egypt's efforts to support citizens' savings and investment plans and enable individuals and youth to further benefit from non-banking financial activities, according to …
The Arab markets haven’t witnessed sharp fluctuations during the crisis
29 March 04:25 PM Arab markets successfully managed COVID-19 crisis thanks to central banks - Abul-Gheit
Riyadh – Mubasher: The leaderships of Arab stock markets have shown great resilience in dealing with the repercussions of the coronavirus (COVID-19) pandemic, Ahmed Abul-Gheit, Secretary-General of the Arab League, said on Monday. The Arab markets …
Mohammed Al Kuwaiz, Chairman, Capital Markets Authority of Saudi Arabia - (Photo Archive)
29 March 02:35 PM Tadawul saw 34% more IPOs despite pandemic: CMA Chairman
Riyadh – Mubasher: Financial markets have faced exceptional challenges in 2020 due to the coronavirus (COVID-19) pandemic and the consequent preventive measures, but managed to play a major role despite the economic hardships, Chairman of the …
Mohamed Farid, Chairman of the Egyptian Exchange - (Photo Archive)
29 March 02:15 PM Arab markets have 1,662 listed companies with $3.1trn in capital - EGX Chairman
Cairo – Mubasher: The Arab Federation of Exchanges (AFE) now has 21 members, representing 17 stock and commodity exchanges, four clearing companies, and several securities brokerage companies in the Arab region, the Chairman of the Egyptian …
Financial systems saw great changes during 2020 - (Photo Archive)
29 March 02:13 PM Arab markets lost $350bn at the pandemic's beginning - El-Dokany
Riyadh – Mubasher: Arab stock markets lost around $350 billion in market capitalisation in the first six weeks of the coronavirus (COVID-19) outbreak, according to the Secretary-General of the Arab Federation of Exchanges (AFE), Rami El-Dokany. …
Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group
29 March 01:47 PM We aim at increasing investors in Arab markets - Mubasher Chairman
Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies. More than 10 years …
Rami El-Dokany, Secretary-General, Arab Federation of Exchanges (AFE)
29 March 12:40 PM AFE Annual Conference is a major event for Arab markets – El-Dokany
Riyadh – Mubasher: The 46th edition of the Arab Federation of Exchanges (AFE) Annual Conference is a major event for the financial sector in the Arab world, said Rami El-Dokany, Secretary-General, Arab Federation of Exchanges (AFE). AFE Annual …
Mubasher has invested more than EGP 360 million in launching its new Du brand
24 March 04:46 PM Du Trade allows stock trading without barriers
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, seeks to attract new segments of customers to invest in the Egyptian Exchange (EGX) through raising financial and investment …
Mubasher has invested more than EGP 360 million in launching its new Du brand
17 March 05:16 PM Du Invest offers investment, savings schemes to individuals, institutions
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, has launched a new investment platform that helps individuals of all income classes to invest their savings. Mubasher has invested …
Individuals can start with a monthly investment of EGP 500 through Du Invest
9 March 03:57 PM Mubasher's Du seeks to turn novice investors into professional traders
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, has invested about EGP 360 million in launching its new Du brand for financial services, the first of its kind in Egypt that caters …
The assets of 11 Tadawul-listed lenders increased by 13.1% on an annual basis in 2020.
7 March 01:50 PM Saudi banks’ assets surge to SAR 2.77trn in 2020
Riyadh – Mubasher: Assets of Saudi banks listed on the Saudi Stock Exchange (Tadawul) increased by 13.1% on an annual basis in 2020 or SAR 321.82 billion ($85.82 billion). Total assets of 11 Tadawul-listed lenders reached SAR 2.77 trillion …
Cash withdrawals from ATMs shrank by 17.4% or SAR 10.98 billion annually in January 2021.
3 March 01:26 PM Consumer spending in Saudi Arabia at SAR 89.24bn in January
Riyadh – Mubasher: Consumer spending in Saudi Arabia was down by 2.4% or SAR 2.24 billion in January 2021 when compared to the year-ago month. Total consumer spending in the kingdom reached SAR 89.24 billion in January 2021, down from SAR 91.47 …
Non-oil exports of the GCC nation reached SAR 57.89 billion in Q4-20.
28 February 03:03 PM Saudi non-oil exports down 11% in 2020
Riyadh – Mubasher: Non-oil exports of Saudi Arabia reached SAR 201.5 billion during the year 2020. This represents a decline of 11% or SAR 25.4 billion when compared to 2019, according to data collected by Mubasher based on figures from the …
The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020.
25 February 01:38 PM Saudi trade exchange with 4 Gulf countries falls 6.1% in 2020
Riyadh – Mubasher: Saudi Arabia’s trade exchange with the UAE, Bahrain, Kuwait, and Oman slid by 6.06% in 2020 when compared to a year earlier. The kingdom’s trade exchange with the four GCC states was SAR 98.1 billion ($26.15 billion) in 2020, …
Saudi banks listed on Tadawul logged SAR 34.73 billion in net earnings during the past year.
25 February 01:11 PM Profits of Saudi banks down 23% in 2020
Riyadh – Mubasher: Net profits of banks operating in Saudi Arabia tumbled by 22.9% or SAR 10.3 billion on a year-on-year (YoY) basis in 2020. Saudi banks listed on Tadawul logged SAR 34.73 billion in net earnings during the past year, compared to …
The Jeddah-based company generated sales of more than $3 billion last year
7 February 04:51 PM Savola Group eyes acquisitions of food companies in Egypt, other markets
By: Fahd Omran Riyadh – Mubasher: Savola Group ended 2020 with robust financial results on the back of strong sales in the Saudi and Egyptian markets in the first year of its 2020/2024 plan, Mohamed Badran, the CEO of Savola Foods Egypt, said. …
The ICD's CEO, Ayman Amin Sejiny
26 January 05:20 PM ICD considers financing projects worth $45m in Egypt
By: Islam Fadl Cairo – Mubasher: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), has so far allocated a total of $230 million to Egypt, the CEO Ayman Amin …
Shaker Group is the sole agent of LG Air Conditioners in Saudi Arabia.
21 January 03:35 PM Shaker Group enjoys strong position to achieve growth in 2021 - Interview
Riyadh - Mubasher: Acting CEO of Saudi Al Hassan Ghazi Ibrahim Shaker Co, Mohammad Ibrahim Abunayyan, said he is still confident his company will maintain growth in 2021. In an interview with Mubasher, Abunayyan said Shaker Group has taken serious …
Eleven companies have cut their capital during the past year by SAR 2.9 billion.
7 January 02:58 PM Nineteen Tadawul-listed firms raise capital by SAR 12.6bn in 2020
Riyadh – Mubasher: Nineteen Tadawul-listed companies have hiked their capital by SAR 12.57 billion during 2020, whereas eleven others lowered their capital meanwhile.   The capital hike processes were implemented by way of a rights issue, issuance …
Mirna Arif, General Manager of Microsoft Egypt
21 December 2020 00:02 PM Reimagining Egypt’s economy through digital transformation – Interview with Mirna Arif
By: Marina Gamil Cairo – Mubasher: In its recovery phase, Egypt has taken several initiatives to increase the contribution of digitalisation in its economic growth by advancing information technology (IT) infrastructure, supporting startups and …
Photo Archive
17 December 2020 09:21 PM Identifying investment opportunities post-COVID – Interview with Huda Al-Lawati
By: Moslem Ali Mubasher: In a time when the region’s markets continue to cope with the impacts of the Coronavirus (COVID-19) crisis, it is always important to listen to the experts’ opinion as we review our broader outlook for the region’s markets …
Photo Archive
10 November 2020 01:45 PM Saudi transport sector suffers losses in Q3
Riyadh – Mubasher: Five Tadawul-listed transport companies moved to losses during the third quarter (Q3) of 2020 as revenues from activities plunged due to the adverse effects of the coronavirus crisis. The companies suffered a loss of SAR 130.83 …