Palestine news

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

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

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.

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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 …

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

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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 …

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

Goods and Metals

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

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.

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

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

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’.

Goods and Metals

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 …

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.

30 August 02:33 PM TikTok's owner acquires virtual reality startup

Beijing-based ByteDance, the owner of TikTok, has acquired a startup Pico.

26 August 05:52 PM US raises GDP estimate for Q2

Mubasher: The US economy grew by 6.6% on an annual basis in the second quarter (Q2) of 2020.

26 August 05:17 PM South Korea raises interest rates 0.75%

25 August 04:10 PM Xiaomi records 64% higher revenues in Q2-21

Xiaomi Corp reported a 64% increase in revenues to 87.8 billion yuan during the second quarter (Q2) of 2021.

24 August 05:47 PM Germany's economy expands 1.6% in Q2

Mubasher: The German economy grew by 1.6% in the second quarter (Q2) of 2021, slightly better than initial reports of 1.5% in June.

24 August 04:11 PM Samsung sets three-year plan to invest $206bn

Samsung Group has set a three-year plan to invest $206 billion in expanding its businesses.

19 August 01:08 PM Volkswagen likely to cut output amid chip shortage

Volkswagen may need to further reduce its production due to a semiconductor supply shortage.

18 August 05:47 PM BMW secures GBP 26m funding for EV battery

BMW secured GBP 26.2 million funding for a project centred around the development of an electric vehicle battery

18 August 01:55 PM UK's inflation slows down to 2% in July

Mubasher: The UK's inflation slowed down faster than expected in July, Bloomberg reported on Wednesday, citing official data.

18 August 12:55 PM Marlboro maker buys stake in UK's inhaled therapeutics company

Philip Morris International (PMI) has purchased 22.61% of the UK-based inhaled therapeutics company.