Global Indices

7 November 04:23 PM Gold trades higher as dollar falls after mid-term election results
Gold trades higher as dollar falls after mid-term election results
7 November 09:59 AM Oil prices ease Wednesday on Iran sanction waivers, adequate supply
Oil prices dropped on Wednesday as output grows and Washington’s allowance to Iran’s biggest buyers to keep importing crude from Tehran.
6 November 10:13 AM Iran sanctions waivers, economic slowdown concerns weigh oil prices Tuesday
Oil prices dropped early on Tuesday, pressured by Washington’s allowance to eight countries to keep importing Iran’s crude oil.
5 November 03:41 PM Turkish inflation hits 15-yr high in October
Turkey's state statistics agency on Monday said that the consumer price index (CPI) hiked 25.24% year-on-year in October.
5 November 03:08 PM Japan’s economy is “strong”; no need for shock stimulus- BOJ
Japan’s economy is now “strong enough” and it does not need a further surprise stimulus action from the Bank of Japan (BOJ).
5 November 11:19 AM Oil prices drop Monday on US waiver for Iran sanctions
Oil prices levelled down on Monday after US sanctions against Iran’s oil exports were eased by waivers.
1 November 03:23 PM BOE keeps interest rate unchanged
The Bank of England on Thursday announced that it maintained its key interest rate unchanged.
1 November 01:48 PM Sterling retreats from earlier high on tentative Brexit deal denial
The UK pound on Thursday retreated against the US dollar, below the highs earlier, after UK officials denied reports of a tentative Brexit deal
22 October 06:53 PM India’s Ola, Uber drivers demand higher pay
Hundreds of drivers for Uber and its local competitor Ola held a strike on Monday in the two largest Indian cities, Delhi and Mumbai.
16 October 11:24 AM Signs of lower Iranian exports push up oil prices Tuesday
Oil prices hiked on Tuesday on signs that oil exports from Iran have dropped in October compared to a month earlier
15 October 01:16 PM UK to see low GDP growth over next 3 yrs-EY
The UK is expected to witness low economic growth over the next three years.
11 October 11:46 AM BMW raises stake in Chinese JV to 75%
BMW on Thursday has announced plans to raise its stake in a Chinese joint venture (JV) to 75%, from 50% through paying EUR 3.6 billion.
Emaar Properties’ unit eyes global hotel portfolio expansion
19 November 2017 10:48 AM Emaar Properties’ unit eyes global hotel portfolio expansion
Dubai - Mubasher:  Oliver Harnisch, CEO of Emaar Hospitality Group, has said that the group intends to double its hotel portfolio four times by 2021. Harnisch explained that the Emaar Properties subsidiary  has 30 hotels under development in the …
Saudi Prince Alwaleed bin Talal is rumoured to be selling his hotels in Beirut
14 November 2017 08:12 PM Bin Talal’s Beirut hotels go up for sale
Riyadh – Mubasher: Saudi Prince Alwaleed bin Talal is rumoured to have put its luxury hotels in Beirut up for sale. “A Lebanese commercial bank has been commissioned to find buyers for the posh Four Seasons Hotel Beirut and Movenpick Hotel …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 2017 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …
The project will be the first major scheme involving the two state giants
25 October 2017 09:47 PM Aramco, SABIC receive bids for $20bn petrochemicals project
Riyadh - Mubasher: Saudi Aramco and Saudi Basic Industries Corp (SABIC) have reportedly received project management consultancy bids for a planned joint venture oil-to-chemicals project, industry sources told Reuters on Wednesday. The two Saudi …
Aramco is the biggest oil company in the world
24 October 2017 11:46 PM Aramco to decide on COTC with SABIC by year-end
Riyadh - Mubasher: Saudi Aramco expects to decide on the plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC) by the end of 2017, as reported by the Reuters. “We finished the feasibility. We are at a stage where we …
This acquisition step is expected to expand Investcorp’s geographic footprint
18 October 2017 05:06 PM Investcorp acquires UK Kee Safety in $370m deal
Mubasher: Investcorp announced its agreement on acquiring Dunedin’s stake in the UK-based Kee Safety for a total value of GBP 280 million ($370 million), according to a recent statement. Investcorp is a leading provider and manager of alternative …
Emaar recently unveiled the Cove 1 in the region
18 September 2017 09:31 AM Emaar launches Address Harbour Point
Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …
Dana Gas Egypt’s production output grew by 13% during the first half of 2017
15 August 2017 04:02 PM Dana Gas to drill 3 new wells in Egypt
Abu Dhabi – Mubasher: Dana Gas on Tuesday said its receivables from the Egyptian government contributed to its profit growth during the first half of 2017. The Sharjah-based gas company also announced plans to drill three exploration wells on …
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16 July 2017 10:05 PM KFH is world’s biggest in Sukuk issuance - Chairman
Kuwait - Mubasher: The chairman of Kuwait Finance House (KFH) said that the group is the biggest Sukuk issuer in the world, as demand is rising on the sharia-compliant product. Hamad Abdulmohsen Al Marzouk added in a statement issued on Sunday …
The port has a draft of up to 11 metres (tide free) and three 400-metre berths that can accommodate cruise vessels
6 July 2017 04:03 PM DP World Limassol to open new terminal
Dubai – Mubasher: A new terminal is scheduled to open in the summer at DP World Limassol port in Cyprus, according to a statement. Designed to accommodate the largest operating cruise vessels, the new terminal consists of seven pods with an …
QAR last recorded EGP 4.64 for selling and EGP 4.93 for buying on the bank's list
5 July 2017 09:14 PM ADIB - Egypt lifts QAR from its currencies
Cairo - Mubasher: Abu Dhabi Islamic Bank (ADIB) - Egypt has removed the Qatari Riyal from its exchange rates screen, as shown by the bank’s website. The QAR registered EGP 4.64 for selling and EGP 4.93 for buying in the bank’s trade on Tuesday. …