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29 October 12:41 AM

Stocks News

A committee has been formed to study investment opportunities in these countries
4 October 01:33 PM Talaat Moustafa Group considers expansion in Saudi Arabia, Iraq
Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is planning to expand in Saudi Arabia and Iraq, CEO and Managing Director Hisham Talaat Mostafa said.  The CEO pointed out that there is a great opportunity for major real estate …
Real estate
The segment brings the total length of the 2Africa cable system to over 45,000 km
28 September 03:47 PM 2Africa consortium extends subsea cable system to Arabian Gulf, India, Pakistan
Mubasher: The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company (stc), Telecom Egypt, Vodafone, and WIOCC, announced that a new segment has been added to the 2Africa subsea …
Companies Investments
The substations have a capacity to power about 1.3 million households.
6 September 01:26 PM Elsewedy Electric, Toyota Tsusho complete four GIS substations in Iraq
Cairo – Mubasher: Elsewedy Electric Co and Toyota Tsusho Corporation (TTC) announced the completion of the engineering, procurement, and construction (EPC) contract of four gas-insulated switchgear (GIS) substations for the Iraqi Ministry of …
Saudi Arabia set Arab Light OSP to Northwest Europe at a discount of $1.70/barrel
4 August 03:14 PM Aramco raises September crude official selling prices for Asia
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has increased the September official selling prices (OSPs) for its Arab light crude to $3 per barrel above the Oman/Dubai average for Asia, Reuters reported on Wednesday. The Kingdom has …
Commodities
Aramco confirms that these claims are completely false
2 August 10:44 AM Aramco denies mining Bitcoin
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has refuted the news reporting that it would embark on Bitcoin mining activities, according to a press release on Monday. “Aramco confirms that these claims are completely false and …
Corporate Actions
Dana Gas collected $98 million from Egypt
15 July 10:55 AM Dana Gas collects $185m from KRI, Egypt in H1-21
Abu Dhabi - Mubasher: Dana Gas has collected $185 million (AED 678 million) in collections from the Kurdistan Region of Iraq (KRI) and Egypt in the first half (H1) of 2021, rising by 106% year-on-year (YoY). Collections registered a record high …
Tabuk will hold the marketing authorisation for the COVID-19 vaccine
13 June 01:11 PM Astra Industrial’s unit partners with Moderna to commercialise vaccine
Riyadh – Mubasher: Astra Industrial Group said its subsidiary Tabuk Pharmaceutical Manufacturing Company has signed a contract with Moderna to commercialise the latter’s COVID-19 vaccine and future variant-specific booster candidates in Saudi …
Global Economy
The deal offers a repayment period of up to 36 months
30 May 02:48 PM SFD signs $10m agreement with National Bank of Iraq
Riyadh- Mubasher: The Saudi Fund for Development (SFD) has penned an agreement with the National Bank of Iraq (NBI) to provide credit facilities worth $10 million to Iraqi investors willing to import Saudi products. The five-year deal offers a …
Banking and Finance
Seera will be the exclusive partner of Klook in the Kingdom
17 May 03:57 PM Seera, Klook to boost digital transformation of tourism sector
Riyadh – Mubasher: Seera Group has entered into a strategic partnership with travel and leisure booking platform Klook to enhance the digital transformation and growth of Saudi Arabia’s tourism sector, according to a press release on Monday. Seera …
Commodities
The supercomputer is named after the first oil well discovered in Saudi Arabia.
19 January 01:26 PM Saudi Aramco, STC launch Dammam 7 supercomputer
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and the Saudi Telecom Company (stc) on Tuesday announced launching “Dammam 7”, a new supercomputer and one of the world’s 10 most powerful computers. The supercomputer, which is named …
Global Economy
Aramco has set the January OSP of its Arab light crude oil to the US at plus $0.55 a barrel over ASCI.
6 December 2020 01:59 PM Saudi Aramco raises official January crude price to Asia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has increased the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, Reuters said on Sunday citing a company document. The …
Commodities
The final Forbes list is composed of 750 multinational and large corporations headquartered in 45 countries.
19 October 2020 01:15 PM Saudi Aramco ranked 1st regionally in Forbes "World's Best Employers" list; 26th globally
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has secured the first spot regionally and the 26th spot globally on Forbes’ fourth-annual list of the World’s Best Employers for 2020. Forbes said it partnered with market research …
Global Economy
The company will be able to fulfill various investment objectives
4 October 2020 11:37 AM BH Mubasher obtains Investment Management license from SCA
Dubai – Mubasher: BH Mubasher, a leading company in the UAE’s financial market, has obtained an Investment Management license from the Securities and Commodities Authority (SCA). Through the license, the company will be able to fulfill various …
Companies Investments
A total of 40 tonnes of high-grade blue ammonia were dispatched to Japan
27 September 2020 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
Photo Archive
6 September 2020 10:21 AM Saudi Aramco cuts October Arab light crude price to Asia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) slashed the October official selling prices (OSPs) for the Arab light crude it sells to Asia by $1.40 a barrel, to 50 cents a barrel below the Oman/Dubai average, Reuters recently …
Macroeconomics
DFM has approved BH Mubasher as a Market Maker
30 August 2020 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 …
Trading Activities
Aramco will decrease the August Arab Heavy crude supplies by about 10%
13 July 2020 10:44 AM Aramco slashes August heavy crude supplies to six Asian buyers
Riyadh - Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) will slash its August-loading shipments of medium and heavy crude grades to at least six Asian buyers, Reuters reported on Monday citing sources familiar with the matter. Buyers in …
Commodities
Aramco raised August prices to all markets
6 July 2020 11:04 AM Saudi Aramco raises August oil prices
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised the August official selling prices (OSP) for its Arab light crude oil sold to all markets, Reuters reported on Monday. The oil giant set the August OSP for Asian customers …
Commodities
The price for Octane 91 has been set at SAR 0.98 per litre
1 July 2020 10:45 AM Saudi Aramco adjusts fuel prices after latest VAT hike
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has adjusted the local fuel prices after the decision to increase the value-added tax (VAT) to 15% came into effect on Wednesday.     The oil giant has set the prices for the Octane …
Macroeconomics
Four refiners had smaller cuts in July when compared with June
15 June 2020 11:19 AM Saudi Aramco decreases July crude supplies to 5 Asia buyers
Riyadh - Mubasher: Saudi Aramco has reportedly decreased the July crude volume that it will supply to at least five Asian buyers, Reuters reported on Monday citing multiple sources. The reductions were primarily made for the medium and heavy …
Macroeconomics