Riyadh – Mubasher: Saudi Tadawul Group has approved the listing of new debt instruments worth SAR 4.65 billion as of 21 June 2021, according to a disclosure on Thursday. Tadawul also announced the listing of debt instruments worth a total of SAR …
Riyadh – Mubasher: The Council of Saudi Chambers has officially changed its name to the Federation of Saudi Chambers, state-run news agency SPA reported on Thursday. Friday, 18 June 2021 will mark the entry into force of the new commercial …
Mubasher: The Middle East is not far from seeing more billion-dollar startups in the coming months, and it could be having “a few more unicorns in the region,” CEO of ride-hailing company Careem Mudassir Sheikha stated during a CNBC event The …
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 …
Riyadh – Mubasher: Saudi Arabia has reduced its holdings of US treasury bonds to $130.3 billion in April, hitting the lowest level in eight months compared to $130 billion in August 2020, according to official data on Wednesday. The holdings …
Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …
Riyadh – Mubasher: The Consumer Price Index (CPI) of Saudi Arabia went up 5.7% in May this year, compared to the same month in 2020, according to official figures on Tuesday. The inflation rate in May was also higher by 0.2% than April, when it …
Riyadh – Mubasher: The Saudi working capital in the Egyptian market currently stands at $5 billion, with a target to increase this value to $50 billion, Head of the Saudi Egyptian Business Council (SEBC) Bandar Al Amri revealed. There are more …
Riyadh – Mubasher: The Gross Domestic Product (GDP) of Saudi Arabia shrank 3% during the first quarter (Q1) of 2021 when compared to the same period last year, dragged by a plunge of 11.7% in the oil sector, according to official figures. …
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 …
By: Ahmed Allam Sharm El-Sheikh – Mubasher: Egypt will be launching a 2,000-megawatt electricity interconnection project with Saudi Arabia over the coming period, said the Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker. …
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has come in the 40th place on Forbes Middle East’s list of the top 100 companies for 2021, according to a press release on Thursday. Bahri advanced 36 positions within two years …
Mubasher: Finance app installs increased by 55% in the UAE and 73% in Saudi Arabia in 2021 when compared to the previous year, according to a report by AppsFlyer. FinTech apps experienced a 132% surge globally in downloads over the past two years, …
Mubasher: Islamic insurance, Takaful, premiums are expected to grow moderately over the coming two to three years as more GCC, Southeast Asian, and African countries introduce compulsory health cover, according to Moody's Investors Service. Growth …
Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has committed up to 20% of the total size of ASIIP infrastructure fund, the joint venture between Bahrain-based Investcorp and Aberdeen Standard Investments. PIF’s investment comes in advance …
Riyadh – Mubasher: The overall Industrial Production Index of Saudi Arabia decreased by 24% on an annual basis in April, according to a report by the Saudi General Authority for Statistics (GaStat) on Thursday. The decline in the Kingdom’s …
Riyadh – Mubasher: Mobile Telecommunications Company (Zain KSA) has come in the first place in terms of delivering the best 5G services in Saudi Arabia during the first quarter (Q1) of 2021, according to a Meqyas report issued by the …
Riyadh – Mubasher: Moody’s Investors Service has confirmed the ‘Baa2’ insurance financial strength rating (IFSR) of Buruj Cooperative Insurance Company, according to a disclosure to Tadawul on Wednesday. The rating agency has also changed the …
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has appointed Turki bin Abdulrahman Alnowaiser and Yazeed bin Abdulrahman Alhumied as deputy governors of the fund alongside their current responsibilities, Saudi Press Agency reported …
Riyadh - Mubasher: Approximately 66% of the workers in Saudi Arabia are willing to seek different career paths post-pandemic while retaining and developing new skillsets, a recent study by Boston Consulting Group (BCG) and Bayt.com showed. Media …
Riyadh – Mubasher: Saudi Arabia registered 1,161 new COVID-19 infections on Monday, crossing the 1,000 mark compared to the 984 cases reported a day earlier. The Ministry of Health announced 1,216 additional recoveries and 15 more fatalities. The …
Cairo – Mubasher: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, launched the first training programme for exporters entitled "Entering African Markets" in Cairo in …
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has signed a binding memorandum of understanding (MoU) with Saudi Fransi Capital to establish a private investment fund at a potential long-term size of up to SAR 3.5 billion. The …
Riyadh – Mubasher: Alkhabeer Capital’s real estate investment traded fund Alkhabeer REIT will expand its asset portfolio through two acquisition transactions in the educational and industrial sectors, according to a press release on Monday. The …
Riyadh – Mubasher: Insurance companies in Saudi Arabia registered a net income of SAR 100.4 million during the first quarter (Q1) of 2021, higher by 23% compared to SAR 81.6 million in the same period a year earlier, according to official figures. …
