Palestine news

5 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), …

Commodities

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 …

Companies Investments

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 …

Macroeconomics

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 …

Commodities

The virtual meeting was attended by over 100 participants

13 September 01:44 PM Egypt participates in the Palestinian-Jordanian Business Forum

Cairo - Mubasher: The Egyptian Minister of International Cooperation, Rania El-Mashat, participated in the Palestinian-Jordanian Business Forum last Tuesday at the invitation of Prince El Hassan of Jordan, to discuss the significant challenges …

Event

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 …

Global Economy

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.

Global Reports

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.

Global Reports

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 …

Macroeconomics

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.

Global Reports

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, …

Macroeconomics

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.

Global Reports

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.

Global Reports

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.

Global Reports

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 …

Commodities

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 …

Global Economy

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 …

Commodities

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 …

Trading Activities

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.

Global Reports

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.

Global Reports

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.

Global Reports

DFM has approved BH Mubasher as a Market Maker

30 August 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 …

Global Economy

30 August 04:06 PM Saudi Muqassa commences operations

Riyadh – Mubasher: The Securities Clearing Center Company (Muqassa) announced on Sunday the commencement of its operations, post the announcements of its establishment in 2018 and its license earlier this year. Muqassa is responsible, as an …

Trading Activities

30 August 10:37 AM Goldman Sachs joins Tadawul as derivatives exchange member

Riyadh – Mubasher: Goldman Sachs Saudi Arabia has completed all regulatory and technical requirements to become a member of the Saudi Stock Exchange (Tadawul). Goldman Sachs will have the right to conduct brokerage services for derivatives trading …

Trading Activities