Gulf news

12:10 AM Gold prices see first decline in three weeks
Gold prices ended Friday in losses, recording its first weekly decline in three weeks
20 April 11:56 PM Oil prices record 1.5% weekly gains
Oil prices rose by the end of Friday trade, shrugging off earlier decline on negative comments by the US President that were directed at OPEC
The UAE Central Bank
20 April 11:51 PM UAE foreign assets rise 10% in Q1
Abu Dhabi - Mubasher: The UAE Central Bank has reported a 10.3% growth in foreign assets to a total of AED 336.32 billion by the end of the first quarter of 2018. The rise in foreign assets is attributed to the increase in the current account …
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20 April 10:36 PM Al-Futtaim to build 600 Vox Cinemas in Saudi Arabia
Riyadh - Mubasher: Majid Al Futtaim Group will open a new four-screen multiplex cinema in Saudi Arabia, which will make it only the second company to obtain a license for a movie theatre in the kingdom. Vox Cinemas, a brand owned by Al Futtaim, …
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20 April 10:28 PM DIC to create new AED 3bn REIT
Dubai - Mubsher: Dubai Investments Company (DIC) is set to launch a new real estate investment trust (REIT) and list on the Dubai Financial Market (DFM(, according to company’s managing director Khalid Kalban. The AED 3 billion fund will see more …
20 April 10:20 PM Nike senior executives’ exodus stumbles growth – analysts
Analysts warned that high-level departures, would grow into a major obstacle to Nike’s future growth
20 April 10:03 PM Air France to see more strikes in May
Workers in Air France are still protesting to the company’s management
20 April 06:54 PM IMF warns against rising global debt
Global debt has reached a new record high, according to a recent report by the International Monetary Fund
20 April 06:45 PM China Mobile posts 4% rise in Q1 profits
China Mobile reported on Friday a 4.1% rise in net profit during the first quarter of 2018, compared with the same period last year.
20 April 06:44 PM Renault-Nissan-Mitsubishi merger possible - CEO
The chairman and CEO of Renault, Nissan, and Mitsubishi, Carlos Ghosn said that a merger within the group is one option
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20 April 05:00 PM QE achieve gains for 3rd week in row
Mubasher: The Qatar Exchange (QE) rose for the third consecutive week, supported by the increasing foreign investments, which led to another surge in market capital. The main index gained 3.12% or 278.14 points, and ended the week at the level of …
20 April 04:45 PM P&G to acquire Merck’s consumer health unit
Procter and Gamble announced on Friday, that it has signed an agreement to acquire the consumer health business of Germany's Merck Group.
20 April 03:28 PM Schlumberger posts $7.8bn revenue in Q1, cites optimism despite challenges
Schlumberger reported its results for the first quarter of 2018, indicating a 4% decline in revenues and lower pretax income
20 April 02:56 PM Qualcomm to lay off employees under cost-cutting plan
Qualcomm Inc. announced it started laying off employees in an attempt to increase profits through cutting $1 billion in expenses.
20 April 02:32 PM US tech ban threatens ZTE 'survival', hurts local firms
ZTE said that the "denial of export privilege" imposed by the US administration on its exports poses hurts its survival and affect US firms
20 April 01:42 PM Hong Kong exchange CEO cites confidence in attracting Aramco –WSJ
Hong Kong Exchanges CEO said he was confident that his bourse was to see some strong listings in the future, including attracting Saudi Aramco
20 April 01:22 PM Ericsson losses shrink in Q1 as sales drop
Ericsson on Friday said it narrowed its losses in the first three months of 2018
20 April 12:10 PM Barclays' CEO sees hefty fine but keeps job after probe
Barclays CEO Jes Staley is said to maintain his post after British regulators imposed a fine but found no 'lack of integrity' in his probe
20 April 11:41 AM Oil prices near stable at 3-yr highs
Oil prices fell on Friday but remained at three-year highs ahead of US oil rig data
19 April 09:48 PM Watch Sophia answers Mubasher’s questions
Sophia was the first robot with an earthly citizenship, after being granted the Saudi citizenship not so long agoxasdas
19 April 08:44 PM UK to ban plastic straws, cotton buds
UK revealed on Thursday plans to impose a ban on the sale of plastic straws and drink stirrers and plastic-stemmed cotton buds
The real estate sector gained 1.7%
19 April 08:24 PM Blue chips boost ADX in week
By: Enas Bahgat Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index added 53.53 points, or 1.15%, to close at 4,706.56 points during the week, pushed up by blue chips. The ADX’s trading volume shrank to 270.99 million …
The real estate sector decreased by 1.4%
19 April 07:56 PM Selling pressure weighs on DFMGI in week
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 12.31 points, or 0.4%, to close at 3,082.09 points on the back of selling pressure at the end of the week. The DFM’s trading volume shrank to 409.32 million …
19 April 07:52 PM Oil-price surge may prompt next crisis -Analyst
The recent rise in oil prices could speed up a crisis in the energy market, according to an oil economist.
19 April 07:20 PM Miguel Diaz-Canel elected as new president of Cuba
Miguel Diaz-Canel has been sworn in as the new president of Cuba, after former leader Raul Castro decided to retire