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18 October 03:14 PM EU rubber-stamps Christine Lagarde to take ECB’s helm
Mubasher: European Union leaders on Friday approved the appointment of Christine Lagarde as the next head of the European Central Bank.
18 October 02:32 PM Gold slips on profit-booking, growth, trade anxieties limit losses
Mubasher: Gold prices declined on Friday as investors locked in profits after the European Union and the UK clinched a new Brexit deal.
18 October 01:48 PM China’s refinery throughputs hit fresh peak in September
Mubasher: China's crude oil refinery runs hit a record peak, climbing by 9.4% year-on-year in September.
Communications satellite TIBA-1 was sent to French Guiana, before its launch from Kourou
18 October 01:16 PM Egypt’s TIBA-1 satellite leaves Airbus’ clean rooms
Mubasher: Airbus said that Egypt’s communications satellite TIBA-1 left its defence and space clean rooms in Toulouse, according to the European aeronautics giant’s website. The spacecraft, developed by Airbus and Thales Alenia Space (TAS), a …
18 October 12:34 PM Oil declines early Friday on weak China GDP figures
Mubasher: Oil prices declined earlier on Friday amid demand worries raised by figures showing the weakest economic growth of China since almost three decades.
17 October 01:52 PM UK, EU clinch new Brexit deal; Johnson heads to Brussels
Mubasher: UK Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker on Thursday said that an agreement was reached on a new withdrawal deal.
17 October 06:07 PM US oil stockpiles surge in mid-October as futures drop
Mubasher: US crude oil stockpiles climbed by 9.3 million barrels to 434.9 million barrels in the week ended 11 October, the Energy Information Administration said.
17 October 05:32 PM US natural gas stockpiles jump as futures surge
Mubasher: US natural gas storage climbed by 104 billion cubic feet in the week ended 11 October, to a total of 3,519 Bcf.
Grand Union is Developed by St George PLC, Berkeley Group
17 October 05:13 PM Major trending investments in London include Battersea Power Station – Savills
Mubasher: Companies invest into the real estate market in London, so too are developers, by offering increasingly attractive opportunities, the leading real estate advisor, Savills Middle East, said. In a high-profile event at the UK Embassy in …
Prime London residential property values are forecast to show recovery
17 October 04:28 PM Savills: Outbound investment in real estate from Middle East rises 62%
Mubasher: Investment in the global real estate market is showing faster growth than any other region, while outbound investment in properties from the Middle East region has soared by 62% during the first half of 2019, Savills said. In a …
17 October 04:10 PM US private housing permits fall in September
Mubasher: Privately-owned housing units authorised under building permits fell to a seasonally adjusted annual rate of 1.387 million.
17 October 03:48 PM US Mid-Atlantic business growth slowdown continues in October
Mubasher: The Philadelphia Federal Reserve on Thursday said that its gauge on the US Mid-Atlantic business activity revealed a further expansion slowdown.
17 October 02:11 PM UK eyes free post-Brexit trade pact with EU – Commission
17 October 12:55 PM Oil falls on climbing US crude inventories
Mubasher: Oil prices dropped on Thursday after industry figures showed a bigger-than-expected rise in the US crude inventories, according to Reuters.
17 October 11:46 AM UK retail sales flatten in September
Mubasher: Retail sales in the UK remained at a modest growth rate of 0.6% during the three months period ended last September.
MBZUAI Board of Trustees launching the world’s first graduate level AI university
17 October 11:17 AM UAE launches ‘MBZUAI’ as 1st research-based AI university in world
Mubasher: Abu Dhabi has announced the establishment of the first graduate level, research-based artificial intelligence (AI) university in the world. UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), located in Masdar City, …
16 October 03:52 PM US retail sales drop 0.3% in September
Mubasher: Initial reading indicated that US retail sales fell by 0.3% in September, snapping a growth that was extended over six months.
16 October 02:19 PM Huawei’s revenue climbs 24.4% in Q3
Mubasher: Huawei on Tuesday reported that its revenue jumped by 24.4% year-on-year in the third quarter of this year.
16 October 01:42 PM Gold edges up on Brexit uncertainty; risk-on appetite caps gains
Mubasher: Gold traded higher on Wednesday owing to uncertainty surrounding Brexit negotiations, but a risk-taking sentiment limited gains.
16 October 01:18 PM Oil rises on Brexit optimism; weak growth outlook drags
Mubasher: Oil prices declined on Wednesday, dragged down by weaker fuel demand outlook amid lingering worries over a global economic slowdown.
16 October 11:55 AM UK output prices growth loses more pace in September
Mubasher: Producer price index for the goods leaving UK factories rose at a slower rate of 1.2% in the year ended September.
16 October 11:40 AM UK consumer inflation remains at slowest pace since 2016
Mubasher: The UK’s consumer price index, the headline gauge for the country’s inflation, remained unchanged month-on-month at 1.7% year-on-year in September.
15 October 02:20 PM Gold rises as trade hopes fade, amid focus on Brexit
Mubasher: Gold was higher on Tuesday as hopes surrounding the US-China trade talks waned, while markets were anticipating the outcome of crunch meeting.
15 October 12:37 PM Oil extends drop on weak China figures, global demand fears
Mubasher: Oil prices fell on Tuesday, extending heavy losses in the preceding session, after figures from China accentuated worries about fuel consumption growth.
14 October 03:18 PM Sterling drops on fresh Brexit uncertainty
Mubasher: Sterling fell, after the UK and European Union said a lot of work would be required to clinch a Brexit deal, according to Reuters.