Info2cell.com joins hands with Mubasher to launch ‘Mubasher Markets’ mobile financial alert service

Subscribers can create a watch list comprising their preferred stocks and receive regular updates on stock price movements and trading volume

May xx, 2006
Info2cell.com, the leading Mobile Application Service Provider in Middle East and North Africa, has teamed up with Mubasher, the premier provider of e-financial solutions in the region, to launch ‘Mubasher Markets’, an innovative service that provides mobile phone subscribers with financial alerts via SMS and MMS. The two leaders have now made it easier to monitor financial information in the region's fast-moving markets. The service will begin in the UAE and continue its expansion to Saudi Arabia, Oman, Kuwait, Jordan and Egypt.

‘Mubasher Markets’ will provide subscribers with real-time stock market information as well as closing prices at stock exchanges, allowing them to keep track of movements in stock prices while on the move. Mobile phone users subscribing to the service can create a watch list comprising their preferred stocks, and will receive regular updates on the trade volumes, price movements and percentage variations of these stocks.

“We are delighted to offer this new service in association with Mubasher, who have established themselves as the premier provider of financial services in the region,” said Bashar Dahabra, Founder and CEO of Info2cell.com. “With business becoming increasingly mobile, most decision-makers now tend to rely on communication tools such as mobile phones to receive timely information about stock market movements.”

“Mubasher Markets’ has been launched to tap the growing demand for real-time stock market news, and will serve as a key indicator of market change. The introduction of this service comes at a time when countries in the Arab world are bustling with economic activity, which has naturally sparked the growth of those market segments in need of regular stock market updates," Dahabra added.

Engineer Mohammed Al Balaa, Chairman, National Technology Group (NTG), Mubasher, said, “Given the accelerated speed at which the world of business functions today, the ability to remain updated while on the move has become almost a pre-requisite for efficient, informed decision-making. With the launch of ‘Mubasher Markets’, businessmen and financial professionals in the region can now have assured access to the latest stock market news. Info2cell.com offers reliable and customer focused service, and we expect to have a successful partnership in our new service.”

Info2cell.com’s agreement with Mubasher closely follows its partnership with Associated Press (AP) to deliver the latest news in pictures and captions to mobile subscribers via MMS. The company has existing alliances with a host of leading regional and international content providers, including BBC, Star TV, AME Info, Showtime, ITP, Al Arabiya TV, Petra and WAM. The company has also joined hands with Dubai Financial Market (DFM) to provide SMS stock index alerts to subscribers.

Info2cell.com has also announced that the service will provide stock market alerts to leading FM stations across the Middle East. While the service will first be provided to Dubai FM, Abu Dhabi FM, Saudi Tadawel, Bahrain FM, Qatar FM and Kuwait FM, by the third quarter of this year Jordan FM and Egypt FM will also be provided with this service.

“The importance of radio as a vital component in mass media is well established. The escalating traffic on the roads has meant that people spend more time in their cars and are often tuned in to FM stations listening to news and music. By providing stock market alerts to leading FM stations in the region, we will be successfully catering to the needs of diverse listeners who would be interested in knowing the latest developments in the stock market as and when it happens,” concluded Dahabra.