Morocco news

15 April 01:14 PM Dell to get up to $9.7bn following VMWare stake spinoff

Mubasher: Dell Technologies Inc plans to spin off its 81% equity ownership in cloud computing and virtualization software firm VMware.

Global Reports

Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group

29 March 01:47 PM We aim at increasing investors in Arab markets - Mubasher Chairman

Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies. More than 10 years …

Macroeconomics

AFE Saudi Arabia 2021 will be held on 29-30 March

25 March 03:09 PM Saudi Arabia to host Arab Exchanges Federation Conference next week: Tadawul

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul), in partnership with the Arab Federation of Exchanges (AFE), is hosting the AFE Annual Conference Saudi Arabia 2021 from 29 to 30 March. The conference aims at creating a platform for …

Event

18 March 03:32 PM Google to invest $7bn in US offices, data centres

Google plans to invest more than $7 billion in offices and data centres across the US in 2021.

Global Reports

11 March 03:21 PM BMW 2020 profit falls on pandemic impact, despite China-lead rebound

BMW said its operating profit for 2020 fell due to the COVID-19 pandemic.

Global Reports

9 March 03:20 PM China's EV trio plan to list in Hong Kong

The US-listed Chinese electric vehicle (EV) companies, Li Auto, Nio, and Xpeng, seek to list in Hong Kong in 2021.

Global Reports

8 March 04:45 PM EU approves Microsoft's $7.5bn acquisition of ZeniMax Media

The European Commission has approved Microsoft's $7.5 billion acquisition of ZeniMax Media.

Global Reports

8 March 01:11 PM Panasonic set to acquire US Blue Yonder for $6.5bn

Panasonic is arranging for acquiring Blue Yonder, a US software company focusing on supply chain management.

Global Reports

7 March 04:33 PM US Senate passes Biden's $1.9 trn relief plan

The US Senate has passed President Joe Biden’s $1.9 trillion coronavirus (COVID-19) relief plan.

Global Reports

The 100 CEOs represent 24 nationalities and 21 sectors.

7 March 12:10 PM Forbes unveils “Top CEOs in the Middle East” ranking

Dubai - Mubasher: Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking, recognising the executives making significant contributions to the region's economies. The 100 CEOs represent 24 nationalities and 21 …

Global Economy

3 March 01:49 PM S&P launches ratings for Saudi local currency debt

Riyadh – Mubasher: S&P Global Ratings said it is providing GCC National Scale Ratings for entities in Saudi Arabia issuing local currency debt, Reuters reported on Wednesday. Over the past few years, Saudi Arabia, the GCC region’s largest economy, …

Currencies

3 March 12:43 PM Samsung considers four sites in US for $17bn chip plant

Samsung Electronics Co is considering two sites in Arizona and two others in New York and Texas’ Austin for a new $17 billion chip plant.

Global Reports

2 March 04:32 PM What Do Smartphones Bring to the Table in 2021?

The iPhone 12, along with Samsung Galaxy S21 Ultra and the Huawei Mate 40 Pro, have helped drive consumer demand.

Global Reports

2 March 03:05 PM Target earnings exceed estimates as sales grow 21%

Earnings of Target surpassed Wall Street’s estimates, as its sales were boosted by a strong holiday season and stimulus checks.

Global Reports

Abu Dhabi National Oil Company (ADNOC) - (Photo Archive)

2 March 12:34 PM ADNOC to ease output cuts in April

Mubasher: Abu Dhabi National Oil Company (ADNOC) is expected to increase crude shipments next month, Reuters reported, citing Asian refiners. ADNOC reportedly plans to ease output cuts by 5% in April, compared with curbs of 10-15% in March. On …

Commodities

25 February 03:51 PM Airline industry to remain cash negative in 2021 - IATA

The airline industry is forecast to continue witnessing negative cash flow in 2021 due to COVID-19.

Global Reports

25 February 02:59 PM EU leaders meet to accelerate vaccine production, rollout

European Union leaders will meet to try to accelerate the production and rollout of COVID-19 vaccines in a race against the emergence of new variants.

Global Reports

The first Murban futures contract will be physically delivered two months ahead

25 February 10:09 AM ADNOC, ICE prepare for launching ICE Murban Crude Oil futures in March

UAE - Mubasher: The Abu Dhabi National Oil Company (ADNOC) and Intercontinental Exchange (ICE) are preparing to launch the ICE Futures Abu Dhabi (IFAD) and the trading of ICE Murban Crude Oil Futures on 29 March 2021. The first Murban futures …

Derivatives

23 February 02:38 PM HSBC annual profit beats estimates

HSBC reported full-year earnings for 2020 that exceeded expectations and announced a dividend payout for the first time since the Covid-19 pandemic.

Global Reports

22 February 05:20 PM Dozens of Boeing 777 jets grounded after Denver incident

Mubasher: Airlines in the US, South Korea, and Japan have grounded dozens of Boeing 777 airplanes after a United Airlines plane suffered engine failure.

Global Reports

18 February 03:17 PM Airbus announces EUR 1.133bn losses in 2020

Airbus announced consolidated net losses of EUR 1.133 billion in 2020, compared to EUR 1.362 billion in 2019.

Global Reports

The Middle East and Africa witnessed the highest level in percentage terms

18 February 01:35 PM Middle East insurance M&A defies COVID-19-driven dip in 2020; expected to surge in 2021

Mubasher: The insurance sector across the world has registered 407 completed merger and acquisition (M&A) deals in 2020, lower than 419 in 2019. This record was mentioned by finding opportunity in adversity, the latest edition of global law firm …

Global Economy