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04 April 07:03 PM

Gulf news

27 November 2018 05:52 PM Sharjah’s TRA invests AED 16m in 28 eco-friendly bus stops
The Sharjah Roads and Transport Authority (SRTA) on Tuesday announced the launch of the first phase of eco-friendly bus stops in the emirate.
Global Indices
27 November 2018 05:34 PM Turkish home developer for Gulf clients files for bankruptcy
Turkish Sarot Group filed for bankruptcy on the back of the complex’s $27 million debt.
Global Markets brief
27 November 2018 05:20 PM Saudi oil exports rise 41% in 9M
Crude oil exports accounted for nearly 79% of the kingdom’s total exports
Global Reports
27 November 2018 05:20 PM Moody's assigns A3 IFSR to Walaa Insurance
Moody's Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Walaa Cooperative Insurance Company, with a stable outlook
Global Reports
27 November 2018 05:19 PM Egypt-Saudi Arabia bilateral trade hits $2.48bn in 9M
Trade exchange between Saudi Arabia and Egypt amounted to SAR 9.32 billion in the first nine months of this year.
Global Markets brief
27 November 2018 05:01 PM TASI adds 45 pts, Nomu drops at Tuesday’s close
Tadawul closed Tuesday in the green after its main Tadawul All Share Index (TASI) surged 44.58 points, or 0.6%, to 7,573.48 points.
Global Indices
27 November 2018 04:58 PM Mercuria secures $1.35bn in revolving credit facilities
Mercuria Energy Group on Tuesday announced the signing of $1.35 billion credit facilities secured by a 36-bank consortium.
Global Markets brief
27 November 2018 04:54 PM Qatar, Turkey ink several agreements to promote economic ties
Qatar's Emir and Turkish President witnessed the signing of several agreements and MoUs between the two countries.
Global Markets brief
27 November 2018 04:48 PM Uber fined by UK, Netherlands for data breach
Uber already settled claims related the data breach in the United States for nearly $160 million
Global Reports
27 November 2018 04:25 PM Emaar Properties appoints Standard Chartered for hotel assets sales
Global Markets brief
27 November 2018 03:46 PM China's Didi Chuxing to develop driverless cars
The Chinese ride-hailing giant, Didi Chuxing, is seeking to become one of the front-runners in developing self-driving cars.
Global Markets brief
27 November 2018 03:33 PM UK’s Magna Group acquires $95.3m plot in Al Marjan Island
Magna Group on Tuesday announced the acquisition of a land plot at the UAE-based Al Marjan Island at a value of AED 350 million
Global Reports
27 November 2018 03:28 PM Emirates Steel output reaches 2.4m tonnes in 9M
Emirates Steel on Tuesday revealed that its production for the first nine months of 2018 had reached 2.4 million tonnes.
Goods and Metals
27 November 2018 02:57 PM Tesla’s China sales tumble 70% in October
Tesla's vehicle sales in China dropped 70% year-on-year in October, the China Passenger Car Association (CPCA) said.
Global Markets brief
27 November 2018 02:54 PM Blue chips drag ADX lower Tuesday
Global Indices
27 November 2018 02:42 PM ECB confirms ending QE in December despite slowdown
Mario Draghi confirmed that the ECB would likely phase out its quantitative easing (QE) policy after its next meeting on 13 December.
Global Markets brief
27 November 2018 02:32 PM Daman Securities joins Nasdaq Dubai’s equity derivatives’ traders
Daman Securities on Tuesday announced joining Nasdaq Dubai as a member to trade equity derivatives.
Global Markets brief
27 November 2018 02:30 PM UAE bank lending rises 4% in October
Global Markets brief
27 November 2018 02:20 PM DFM tumbles to 2.5-yr low Tuesday on falling blue chips
Global Economy
27 November 2018 02:19 PM Boursa Kuwait ends Tuesday on mixed note
Boursa Kuwait ends Tuesday on mixed note
Global Indices
27 November 2018 01:28 PM Emirates NBD Capital sole coordinator for $854m Turkish bank loan
Emirates NBD Capital sole coordinator for an $854 million loan for Turkey’s Türkiye Vakıflar Bankası T.A.O., known as VakifBank
Global Markets brief
27 November 2018 01:12 PM Moody's affirms Kuwait’s Gulf Investment Corporation's A2 rating
Global Reports
27 November 2018 01:12 PM Vinci project’s sales hit EGP 1bn - Misr Italia
Sales of the first phase of Vinci project reached EGP 1 billion.
Global Markets brief
27 November 2018 01:11 PM Misr Italia launches 2nd project in New Administrative Capital
Misr Italia Properties has launched its second project in the new administrative capital “Vinci” with a total cost of EGP 6.17 billion.
Currencies
27 November 2018 00:34 PM Emirates to raise bus fleet to 128 by 2020
Global Markets brief