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The gold pound is priced at EGP 6,504
3 hours ago Gold prices in Egypt continue to drop
Cairo – Mubasher: Gold prices continued to decline in the Egyptian market on Monday, pressured by lower global prices of the precious metal, Ehab Wassef, Deputy Head of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC), …
A total of 40 tonnes of high-grade blue ammonia were dispatched to Japan
27 September 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 …
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27 September 10:27 AM Global Artificial Intelligence Summit to kick off next October
Riyadh – Mubasher: The Saudi Data and Artificial Intelligence Authority (SDAIA) will organise the Global Artificial Intelligence Summit (GAIS) on 21-22 October 2020, state-run Saudi Press Agency (SPA) reported on Sunday. Under the theme, “AI FOR …
The price of 21-karat gold registered EGP 816 per gram
24 September 04:50 PM Egypt’s gold prices fall EGP 10/gram on Thursday
Cairo – Mubasher: Gold prices in Egypt slid by EGP 7-10 per gram on Thursday as global prices continued to decrease, Ehab Wassef, a member of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC), said. The price of …
The price of 21-karat gold registered EGP 825 per gram
23 September 04:19 PM Egypt's gold prices drop on lower global prices
Cairo – Mubasher: Gold prices continued the downward trend in the Egyptian market, falling by EGP 5 per gram on Wednesday as global prices of the precious metal fell to $1,888 per ounce, Ehab Wassef, a member of the gold division at the Federation …
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21 September 04:25 PM Saudi Arabia offers $48bn to support developmental projects worldwide
Riyadh – Mubasher: Saudi Arabia has provided around $48 billion in assistance to developmental projects around the world as part of financial contributions to international organisations and authorities. The kingdom granted $32.12 billion in aids …
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21 September 11:18 AM CPhI Middle East & Africa to kick off in Riyadh next year
Riyadh - Mubasher: This year’s edition of the leading regional pharmaceutical event CPhI Middle East & Africa will be held alongside the Global Health Exhibition (GHE) in Riyadh between 26 and 28 September 2021. Under the patronage of the Saudi …
Saudi imports from Arab countries tumbled by 17.65% yearly in H1-20
17 September 02:56 PM Saudi trade surplus with Arab states nears $6bn in H1
Riyadh – Mubasher: Saudi Arabia registered a trade surplus with Arab countries worth SAR 22.47 billion ($5.99 billion) in the first half (H1) of 2020, a yearly decrease of 37.5% when compared to SAR 35.93 billion ($9.58 billion) in the year-ago …
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15 September 01:27 PM Saudi ranks third in MENA by startup deals, funding – MAGNiTT
Riyadh – Mubasher: Various economic sectors in Saudi Arabia generate growing interest in startups in implementation of the Kingdom’s Vision 2030, boosting the GCC nation to take the third spot in terms of the number of deals and total …
The new projects are added to the programme's inaugural cohort of 25
13 September 10:12 AM Expo 2020 reveals 20 new projects in Global Best Practice Programme
UAE - Mubasher: Expo 2020 Dubai has selected 20 new innovative projects under the second stream of projects of the Global Best Practice Programme, according to a recent press release. The new projects are added to the programme's inaugural cohort …
10 September 04:50 PM Amazon may acquire $20bn stake in India’s Reliance Retail
Mubasher: India’s Reliance Industries Ltd is looking to offer to sell about $20 billion stake in its retail business to Amazon, Bloomberg reported.
10 September 03:57 PM Big fire erupts at Beirut port weeks after massive blast
A massive fire erupted on Thursday at Beirut port only a little more than a month after a huge blast devastated the port.
The USD registered EGP 15.72 for buying at NBE and ALEXBANK
10 September 03:10 PM EGP rises against USD to highest level since mid-May
Cairo – Mubasher: The Egyptian pound exchange rate rose against the US dollar at local banks on Thursday, hitting its highest level since mid-May. The US dollar registered EGP 15.72 for buying and EGP 15.92 for selling, according to data by the …
10 September 01:47 PM World needs 8,000 jets to deliver vaccines - IATA
A total of 8,000 747 cargo aircraft are needed to transport the coronavirus (COVID-19) vaccines to 7.8 billion people across the world.
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10 September 11:22 AM SAGO offers tender to buy 715K tonnes of wheat
Riyadh – Mubasher: Saudi Grains Organization (SAGO) will offer this year’s fourth tender to import 715,000 tonnes of wheat for the period from November 2020 to January 2021, state-run Saudi Press Agency (SPA) reported on Thursday. SAGO’s governor, …
9 September 06:52 PM Amazon to open two fulfilment centres in Canada
Amazon.com has planned to inaugurate two new fulfilment centres in Ontario in Canada to offer 2,500 new job opportunities.
9 September 05:14 PM France’s LVMH backs out of $16bn Tiffany acquisition deal
Mubasher: LVMH announced the end of talks over a $16 billion planned acquisition of the US jeweler Tiffany.
9 September 04:31 PM AstraZeneca suspends coronavirus vaccine trial
AstraZeneca has suspended global trials of its experimental coronavirus vaccine, which it develops with the University of Oxford.
Murban crude was priced at minus $0.50 per barrel in October
8 September 01:10 PM ADNOC cuts Murban crude oil price for October
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has lowered the official selling price (OSP) of its benchmark Murban crude at minus $0.50 per barrel (pb) to Platts Dubai for October, down by $1.35 from September, Reuters reported on …
The airline will operate flights to Lagos four times per week
6 September 10:30 AM Emirates to resume flights to two Nigerian cities
UAE - Mubasher: Emirates Airline will resume its flights to the Nigerian cities, Lagos and Abuja, on 7 and 9 September, respectively, expanding its network in Africa to 13 destinations. The airline will operate flights to Lagos four times per …
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6 September 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 …
Saudi Stock Exchange (Tadawul)
2 September 04:39 PM Your guide to the new Saudi derivatives market - Infographic
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) launched the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product. The financial derivatives market will offer investors a …
2 September 04:12 PM Australia falls into first recession in 29 years
Mubasher: Australia reported its sharpest economic decline on record in the second quarter (Q2) of 2020.
1 September 04:28 PM Eurozone inflation turns negative for first time in four years
Eurozone inflation has fallen into negative territory in August for the first time in four years.
31 August 04:32 PM Buffett announces $6bn investment in five major Japanese firms
Mubasher: Warren Buffett’s Berkshire Hathaway Inc announced a $6 billion investment in five of Japan’s largest trading houses.