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29 May 11:27 PM

Levant news

28 November 2018 00:07 AM Russia issues euro bonds 1st time in 5 yrs
Russia seeks to reduce reliance on the US dollar
Currencies
28 November 2018 00:02 AM Gold settles lower for 3rd day
Gold futures for December delivery rose 0.7%
Goods and Metals
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 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 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 Reports
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 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 Reports
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 Markets brief
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 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.
Global Markets brief
26 November 2018 11:46 PM Oil grows 2% with expectation of cutting output
Oil prices ended Monday’s trade in the positive territory increasing 2%
Global Reports
26 November 2018 11:23 PM Gold prices end Monday down
Prices of the precious metal were also affected by the outcome the Group 20 Summit 2018
Global Reports
26 November 2018 08:52 PM Goldman Sachs says commodities to jump 17% coming months
Goldman Sachs on Monday revealed that its commodities are expected to hike 17% over the coming months
Global Markets brief
26 November 2018 08:12 PM Internal Facebook documents seized by UK parliament
The internal documents include confidential emails in relation to Facebook's data
Global Markets brief
26 November 2018 05:06 PM UAE banks boost investments in gov't bonds — Analysis
Banks operating in the UAE have increased their investments in the GCC nation’s government bonds by 0.58% year-on-year in the first 10 months of 2018.
Global Indices
26 November 2018 04:02 PM Barclays names Jean Damien as head of investments in EMEA
Barclays on Monday announced that it has appointed Jean-Damien Marie as head of investment in Europe, the Middle East and Africa (EMEA).
Global Reports
26 November 2018 03:53 PM Theresa May's Brexit deal may pass parliament - UK lawmaker
Sarah Wollaston said on Monday that it is not “remotely possible” that May's Brexit draft would pass the House of Commons in a crucial vote.
Global Markets brief
26 November 2018 03:32 PM Russia detains 3 Ukrainian ships in Black Sea
Russian authorities have seized three Ukrainian naval ships off the coast of Russia-annexed Crimea.
Global Reports
26 November 2018 03:00 PM China's CNPC replaces France's Total in Iranian gas project
Iranian Oil Minister Bijan Zanganeh on Sunday said that CNPC has replaced Total in Iran's South Pars gas project
Global Reports
26 November 2018 02:51 PM Carlos Ghosn hires US law firm, denies charges
Global Markets brief
26 November 2018 02:31 PM Germany’s Wintershall wins 10% stake in Adnoc’s Ghasha gas concession
ADNOC has awarded Germany’s Wintershall Holding GmbH a 10% stake in the Ghasha ultra-sour gas megaproject.
Oil and Energy
26 November 2018 00:44 PM German businex client index “Ifo” falls in November
Sentiment among German companies eased in November after the Ifo Business Climate Index fell to 102.0 points
Global Indices
26 November 2018 11:50 AM US online sales hit record-highs on Black Friday, Thanksgiving Day
Black Friday online sales in the US hit record highs last week, while a lower number of shoppers went to physical stores
Global Reports
26 November 2018 10:54 AM Venezuela strikes $1.4bn deal to retain control of Citgo Petroleum
Venezuela has reached a $1.4 billion agreement with Crystallex International in a bid to retain control of Citgo Petroleum Corporation.
Global Reports