Morocco news

29 September 04:37 PM OPEC+ likely to keep output rise plans for November

OPEC+ is expected to be committed to an existing deal to raise the oil output by 400,000 bpd in November.

Global Reports

27 September 04:40 PM Pfizer begins study for novel COVID-19 oral antiviral drug

Pfizer has started a mid-to-late-stage study to evaluate the investigational novel oral antiviral drug for COVID-19.

Global Reports

22 September 02:41 PM Business software company Freshworks valued at $1.13bn

Business software company Freshworks has priced its US initial public offering (IPO) above the target range to raise $1.03 billion.

Global Reports

21 September 03:20 PM SoftBank leads investment into $4bn French football startup

Global Economy

21 September 02:43 PM Shell sells Permian assets to ConocoPhillip for $9.5m

Shell Enterprises has entered into an agreement to sell its Permian business to ConocoPhillips.

Global Reports

21 September 12:47 PM US to ease restrictions for vaccinated travellers from 33 countries

Global Reports

20 September 02:47 PM Pfizer COVID-19 vaccine is safe for 5-11 years old kids

Global Reports

20 September 01:44 PM Carousell aims to grow business, considers IPO

Global Reports

20 September 01:33 PM Shell to produce sustainable jet fuel at scale by 2025

Shell plans to produce low-carbon jet fuel at scale by 2025 to contribute to cutting carbon emissions.

Global Reports

20 September 11:29 AM Saudi Arabia continues to be China’s top oil supplier in August

Riyadh – Mubasher: Saudi Arabia has retained its position as China's top crude oil supplier for the ninth month in a row during August, Reuters cited official data by China’s General Administration of Customs on Monday. Saudi oil exports to China …

Macroeconomics

20 September 11:09 AM OVHcloud aims to raise EUR 400m through IPO

Global Reports

16 September 04:56 PM Saudi oil exports hit six-month high in July

Riyadh – Mubasher: Saudi Arabia’s oil exports increased to 7.65 million barrels per day (bpd) in July, hitting the highest level in six months since recording 7.75 million bpd in January, according to official data on Thursday. The exports volume …

Commodities

16 September 01:10 PM Taiwan’s Gogoro to go public through over $2bn deal

Global Markets brief

16 September 11:53 AM 500 Startups closes largest fund-to-date, rebrands to 500 Global

Global Reports

15 September 06:03 PM UK's inflation surges at record rate in August

The UK's inflation rate soared by 3.2% in August, posting the highest increase since the records started in 1997.

Global Reports

15 September 02:27 PM Chevron to invest $10bn in low-carbon projects

Global Reports

15 September 01:25 PM Gold prices ease near $1,800 on taper uncertainty

Goods and Metals

14 September 01:15 PM Moody's changes outlook for global metals, mining industry to stable

Mubasher: Moody’s Investors Service has changed its outlook for the global metals and mining market to ‘Stable’ from ‘Positive’.

Global Reports

Nihal El-Chami, Head of Programme and Marketing at Falak Startups

14 September 12:49 PM Startup Lounge: More VC investors now interested in Africa, Middle East – Nihal El-Chami

By: Marina Gamil Cairo – Mubasher: With the growing number of startups across different sectors, especially financial technology (FinTech), the dynamics of the venture capital (VC) landscape in Egypt have been changing with local and international …

Companies Investments

14 September 12:18 PM Renault, subsidiary acquire stake in heycar Group

Mubasher: Renault Group and its subsidiary RCI Bank and Services have both acquired equity in Mobility Trader Holding GmbH.

Goods and Metals

7 September 04:32 PM Deutsche Telekom inks $7bn share swap deal with SoftBank

Mubasher: Germany's Deutsche Telekom has signed a share-swap deal worth $7 billion with SoftBank Group to raise its stake in the US unit T-Mobile.

Global Reports

Odiggo is the most anticipated out of the six startups

6 September 02:17 PM Six MENA startups raise $125,000 in funding rounds

Mubasher: Four Egyptian startups as well as two Morocco-based enterprises have combined secured $125,000 in seed funding rounds led by Y Combinator, according to Magnitt. This followed a late entry by Egypt-based SaaS startup Pylon, with the …

Companies Investments