Global Indices

19 September 12:34 PM Japan's maintains optimistic view on economy
18 September 02:56 PM Thailand's seen able to wait before rising rates
18 September 12:57 PM China bourse 'attractive' despite sharp drop on US tariffs -Analysts
China markets dropped by more than 20% during 2018 affected by the US tariffs
17 September 01:53 PM Robotics, AI to alter job market landscape by 2022- WEF
The rapid development of automation technologies and AI in the workplace could displace 75 million jobs.
17 September 11:56 AM JPX closed Monday on Respect for the Aged Day holiday
The Tokyo Stock Exchange (JPX) is closed on Monday, 17 September in observance of Respect for the Aged Day.
13 September 03:55 PM US consumer prices rise 0.2% in August
The US consumer price index (CPI) witnessed a 0.2% month-on-month hike in August, the same increase of a month earlier.
24 August 08:44 PM European stocks end three-week losing streak
Europe’s Stoxx 600 Index edged up by 0.05% and settled at the level of 383.56 points
23 August 05:01 PM Overbought ETFs could stoke next market crash - Expert
Exchange-traded funds (ETFs) are overbought and could stir the next market crash, one expert said on Thursday.
23 August 03:45 PM US jobless claims mark 3rd weekly fall, reach 210,000
US unemployment claims fell in the week ended 18 August, registering the third weekly decline
20 August 11:46 PM Gold trades higher at Monday’s close
The increase in gold prices comes due to the dollar’s weak performance.
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. …
Photo Credit: Company Website
27 May 2017 06:57 PM DP World negotiates acquiring stake in Russian ports operator
 Dubai - Mubasher: DP World is in talks to buy a stake in a Russian transport operator company, the Financial Times reported. Summa Group is discussing selling a stake in Fesco, Russia’s largest ports and rail transport operator, to a consortium …
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27 May 2017 11:40 AM Agility to pay $95m to settle US contracts
Mubasher: Agility announced on Friday reaching an agreement to pay $95 million (KWD 28.8 million) in cash to settle a civil lawsuit accusing it of defrauding the United States military on food supply contracts, according to Reuters. On Wednesday …
Photo Credit: Press Release
20 May 2017 02:57 PM Egyptian new refinery to begin production in 2018
Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources said that the Egyptian Refining Company’s (ERC) project is expected to be begin operating by the end of 2017. The minister added on the sidelines of his visit to the Cairo …
Photo Credit: Arabianeye-Reuters
16 May 2017 04:10 PM Crédit Agricole collected $1bn in 6M
By: Mostafa Adel Cairo - Mubasher: The managing director of Credit Agricole - Egypt said that the bank US dollar inflows from its customers reached $1 billion since the pound flotation until now. Francois Edouard Drion told Mubasher on Tuesday …