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22 March 10:29 PM US oil rigs go down in week
Mubasher: Oil and gas rigs in the US declined during the week ended 22 March.
21 March 10:03 PM Gold goes up at Thursday’s settlement
Mubasher: Gold settled higher on Thursday, marking its highest level since 13 March.
The greenback recorded around EGP 17.24 for buying and EGP 17.35 for selling on Thursday
21 March 04:35 PM Will USD hover below EGP 17 at national banks? – Analysis
By: Eslam Fadl Cairo – Mubasher: The US dollar has been notably falling against the Egyptian pound since the Central Bank of Egypt’s (CBE) governor stated that the USD/EGP exchange rate would see further volatility. The USD exchange rate against …
20 March 12:00 PM Oil edges up on output curbs; global slowdown caps gains
Oil rose on Wednesday as supply cuts by OPEC, but worries over economic growth kept capped price gains.
The deal is expected to be signed between the two parties at a value of $400 million
20 March 09:15 AM UAE’s GEMS to bid for largest Saudi school chain
Mubasher: Dubai-based GEMS Education is in advanced talks to invest in Maarif for Education and Training chain of schools, the largest owner and operator of private schools in Saudi Arabia, people familiar with the matter told Bloomberg News. The …
The Saudi food firm’s net losses after calculating Zakat and Tax reached SAR 520.4 million in 2018
19 March 03:55 PM Savola incurs SAR 520m loss in 2018
Riyadh – Mubasher: Savola Group on Tuesday reported turning to loss in 2018, against generating profits in the year before. The Saudi food firm’s net losses after calculating Zakat and Tax reached SAR 520.4 million ($138.74 million) last year, …
The firm attributed 2018 profit decline to a decrease in sales volume
19 March 10:07 AM Yanbu Cement’s profit drops 72% in 2018
Riyadh – Mubasher: Saudi Arabia-based Yanbu Cement Company on Tuesday reported a 71.5% year-on-year decline in profits during the full-year 2018. Yanbu Cement’s net profits after calculating Zakat and Tax amounted to SAR 91.18 million ($24.31 …
18 March 06:20 PM US fintech FIS to acquire payment firm Worldpay for $35bn
US financial technology group Fidelity National Information Services agreed to acquire payment processor Worldpay for nearly $35 billion.
The USD rate fell by EGP 0.1 to EGP 17.34 for buying and EGP 17.44 for selling at NBE, Banque Misr
17 March 03:13 PM USD slips against EGP Sunday
Cairo – Mubasher: The US dollar exchange rate on Sunday fell by EGP 0.1 to EGP 0.4 against the Egyptian pound at national banks. The USD rate fell by EGP 0.1 to EGP 17.34 for buying and EGP 17.44 for selling at Egypt’s two largest state-owned …
12 March 05:15 PM Moody’s rates Pakistan’s economic growth ‘moderate’
Moody's on Tuesday announced its periodic review of issuers, including Pakistani government.
The kingdom is at pains to develop all activities related to audiovisual media
5 March 04:25 PM Saudi Arabia awards 7th cinema licence to Alhokair unit
Riyadh – Mubasher: Saudi minister of media Turki bin Abdullah Al-Shabana on Tuesday has awarded the seventh cinema licence to local firm Next Generation, a subsidiary of the Tadawul-listed Fawaz Abdulaziz Alhokair. After obtaining the licence, …
The firm attributed the major rise in 2018 earnings to a jump in average selling prices of titanium dioxide product
28 February 11:56 AM Saudi Tasnee logs SAR 1.20bn profit in 2018
Riyadh – Mubasher: Saudi Arabia's National Industrialization Co (Tasnee) on Thursday reported a 68% year-on-year profit increase during the full-year 2018. Tasnee’s profits after calculating Zakat and Tax reached SAR 1.20 billion ($320 million) …
The company attributed the previous year losses to the suspension of several projects
13 February 09:46 AM Al Khodari losses exceed SAR 1bn in 2018
Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons Company on Wednesday reported accumulative losses of SAR 1.107 billion for the full-year 2018, representing 198.52% of the capital. The company attributed the previous year losses to the …
6 January 10:47 AM Former PIFSS official handed out Abraaj loans without feasibility study
Kuwait’s Public Institution for Social Security (PIFSS) has unveiled a development regarding loans it had given to ailing Abraaj Group
The company's head office
29 March 2016 01:38 PM AlJouf Agricultural OGM to vote on dividend plan 3 April
Riyadh-Mubasher: Al Jouf Agricultural Development said its rescheduled ordinary general meeting will be held on 3 April. Shareholders will discuss agenda items; mainly cash dividends for 2015 at 10% of capital, or SAR 1 a share. Shareholders of …
25 January 2015 04:13 PM Aldrees plans to open 21 stations in 2015
Riyadh-Mubasher: Aldrees Petroleum and Transport Services said it is going ahead with its expansion plan through increasing the number of stations and trucks while ensuring the implementation of safety and quality …