Top News

The Late Sheikh Sabah Al Ahmad Al Jaber Al Sabah

29 September 07:44 PM Emir of Kuwait passes away aged 91 years

Mubasher: The Emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah has passed away on Tuesday, at 91 years of age. The late Emir has ruled Kuwait since 2006, before that he was the Minister of Foreign Affairs for around four decades. "With …

29 September 05:02 PM Nokia reaches 5G equipment deal with BT

Nokia has inked a 5G deal with BT to become BT’s largest equipment provider, extending its long-term strategic partnership with Britain's biggest telecoms group.

29 September 04:21 PM Walmart eyes $20-25bn investment in Tata’s super app

Mubasher: Walmart Inc is in negotiations with Tata Group over an investment of $20-25 billion in the Indian conglomerate’s proposed super app.

29 September 03:47 PM Musk intends IPO for SpaceX's Starlink business in several years

Elon Musk intends to list Starlink, SpaceX’s space internet venture, several years in the future when revenue growth is smooth and predictable.

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 …

Companies Investments

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.

Prime Minister, Mostafa Madbouly

9 September 03:53 PM Egypt’s cabinet approves EUR 225m funding deal with AfDB

Cairo – Mubasher: The Egyptian cabinet approved a presidential draft decree on the EUR 225 million agreement with the African Development Bank (AfDB) to finance the country’s electricity and green growth support programme. The purpose of the …

Banking and Finance

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 …

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 …

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.

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 …

Event

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".

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 …

Event

For an enterprise system stability is more important than functionality

16 August 12:42 PM How a startup application can be a modern enterprise system?

By: Marina Awadallah Cairo - Mubasher: As the world is rapidly moving into digital transformation, scaling businesses from startups to an enterprise that facilitates the exchange of data is necessary for their growth and their operations’ …

Banking and Finance

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.

25 August 03:57 PM German economy sees deepest drop in Q2

Mubasher: The German economy shrank by a record 9.7% in the second quarter (Q2) of 2020.