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06 April 12:29 PM

Levant news

2 December 2019 02:41 PM AutoStore to reshape retail industry via robotic cube-based solution
Mubasher: AutoStore has offered high-density storage solution to change and stock inventory at speed while delivering goods to customers as quickly as possible, BusinessWire reported.
Goods and Metals
2 December 2019 02:13 PM Payment acceptance in Africa at crossroads - Network International
Lower costs could help transform payment acceptance profitability
Currencies
2 December 2019 01:33 PM Hyatt to open 20 new hotels, resorts by 2020-end
Mubasher: Hyatt Hotels Corporation will open more than 20 new luxury hotels and resorts worldwide by the end of 2020.
Global Reports
2 December 2019 01:17 PM Breed Reply’s investee companies attract GBP 150m investments
Major institutional co-investors include Accel, SOSV, MMC, and Tikehau (Ace).
Global Markets brief
2 December 2019 01:00 PM PepsiCo recycles plastic in Saudi Arabia’s Formula E race
Mubasher: The recent ABB FIA Formula E Championship in the Saudi city of Diriyah witnessed a recycling initiative by Aquafina.
Global Reports
2 December 2019 00:59 PM S&P: One-third of rated automakers, suppliers have negative outlook 
Mubasher: S&P expected a negative directional pressure on ratings for automakers and suppliers due to weakened market momentum and no signs of an upturn.
Goods and Metals
2 December 2019 00:45 PM GTT finalises KPN Int’l takeover
Mubasher: GTT has finalised the takeover of a unit of Dutch telecoms company KPN, the US networking giant said in a Monday statement.
Global Reports
1 December 2019 07:02 PM Saudi Fund inks $9m finance package with Djibouti
The Saudi Fund for Development (SFD) signed a $9 million agreement to fund the design and construction of a water distribution network in Djibouti
Global Reports
1 December 2019 06:50 PM US online shopping records $7.4bn during Black Friday   
Mubasher: Black Friday shoppers set an online spend record at $7.4 billion during the second largest Internet shopping day ever, CNBC reported citing Adobe Analytics.
Global Markets brief
1 December 2019 06:42 PM Cosmetics back $1.8bn growth of global corn oil market –Technavio
Mubasher: The global market of corn oil industry, is poised to witness a growth of $1.83 billion during the period from 2020 to 2024.
Global Markets brief
1 December 2019 05:18 PM Black Friday sales at brick-and-mortar stores fall 6%
Shoppers have spent an all-time high record of $7.4 billion online on Black Friday
Global Markets brief
1 December 2019 04:43 PM Rising environmental concerns drive growth for auto fuel cap market
Automobile manufacturers use yellow fuel caps on FFVs
Global Reports
1 December 2019 02:44 PM Seedland brings China’s first autonomous commuter vehicle 
Mubasher: Seedland Group introduced the first (UGV) into Chinese residential communities through the autonomous vehicle for smart communities, Hachi Auto, in early November 2019.
Goods and Metals
1 December 2019 00:19 AM Japan considers $92bn stimulus package to boost growth
Mubasher: Japan is reportedly planning to inject a stimulus package of $92 billion into its economy to boost growth, Euronews reported on Saturday.
Global Reports
30 November 2019 07:18 PM Nigeria’s financial-inclusion rate to hit 80% by year-end
Mubasher: The Central Bank of Nigeria (CBN) is planning increase licences issued to payment providers to boost Nigerian financial-inclusion rate to 80% by year-end.
Global Markets brief
29 November 2019 06:44 PM Daimler plans to cut thousands of jobs in 3 yrs
Mubasher: Daimler announced plans to cut thousands of jobs worldwide in the next three years, as the auto manufacturer aims to reduce staff costs.
Global Markets brief
29 November 2019 03:49 PM India to lend Sri Lanka $400m to develop infrastructure
Mubasher: India's Prime Minister Narendra Modi said that New Delhi will lend Sri Lanka a $400 million line of credit to finance infrastructure projects.
Global Markets brief
29 November 2019 03:05 PM BMW, Great Wall to establish new EV plant in China
Mubasher: BMW and its partner Great Wall Motors will establish a new joint venture (JV) in China that will produce electric vehicle models.
Global Reports
29 November 2019 00:02 PM Renault-Nissan-Mitsubishi to name alliance General Secretary in days
Mubasher: Renault-Nissan-Mitsubishi on Friday said that it will name a general secretary in the upcoming days as a first step towards boosting the operational efficiency.
Global Markets brief
28 November 2019 08:53 PM Automation reducing jobs in automotive industry – Report
Audi will spend EUR 300 million ($330.2 million) to retool its Ingolstadt and Neckarlsum factories to produce electric vehicles.
Global Reports
28 November 2019 08:43 PM Black Friday online sales to hit new records
Black Friday and Cyber Monday online deals are expected to grow by 20% this year in the US
Global Reports
28 November 2019 08:01 PM UK company seals deal for world’s most powerful tidal turbine
Mubasher: An agreement between two UK-based companies is set to see the building of the ‘the most powerful tidal turbine in the world’.
Global Economy
28 November 2019 07:32 PM World’s largest wealth fund to expand climate risk activity
Mubasher: The world’s biggest sovereign wealth fund, the Government Pension Fund of Norway, is reportedly planning to expand its investments in assessing climate risk.
Global Reports
28 November 2019 06:38 PM DAMAC Chairman’s private firm acquires Italy’s brand icon Roberto Cavalli
Dubai – Mubasher: Hussain Sajwani, the chairman of the Dubai-based DAMAC Properties has sealed a takeover deal of the Italian fashion group Roberto Cavalli SpA.
Goods and Metals
28 November 2019 06:23 PM Global surgical microscopes market to expand 10.5% in 5 years
Mubasher: Global surgical microscopes market is seen expanding at a compound annual growth rate of 10.5% between 2019 and 2024, a business data platform said.
Global Reports