Middle east news

18 minutes ago 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 …
The Egyptian Exchange
19 April 07:55 PM EGX30 up 1% in week
Cairo - Mubasher: The Egyptian Exchange (EGX) saw a positive performance this week, despite the rising geopolitical tensions across the region. The benchmark index (EGX30) rose by 0.94%, or 165.33 points, and closed at the level of 17,781.02 …
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
Prices of Housing, water, electricity, gas, and other fuels shed 1.5%
19 April 07:03 PM Inflation in Dubai falls 1.8% in March
Dubai – Mubasher: Inflation rate for Consumer Price Index (CPI) in Dubai declined 1.8% month-on-month in March on the back of the decline in the prices of residences and fuel, according to a report released by the Dubai Statistics Centre (DSC). …
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19 April 06:44 PM TASI records highest weekly gains in 10M
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week up by more than 450 points, recording its biggest weekly increase since June 2017. The Tadawul All Shares Index (TASI) rose by 5.79% or 453 points, and ended Thursday’s session …
19 April 06:11 PM US natural gas storage fall in week
US natural gas stockpiles declined last week, according to EIA
Works at Shuaa’s Dubai skyscraper project will be commenced
19 April 06:07 PM Shuaa Capital may pay 50% cash dividends
Dubai – Mubasher: Shuaa Capital is planning to cut its loss before distributing a 50% cash dividend, CEO Fawad Tariq Khan told CNBC Arabia. But I do not think that the distribution of these dividends will take place this year, Khan added. Works at …
19 April 05:56 PM ‘Full-on global meltdown’ in stocks seen ‘too early’ -Goldman Sachs
A Goldman Sachs Asset Management top official has said that there should be no fears of a "global meltdown in equities"
Exports registered AED 189.8 billion in 2017
19 April 05:36 PM UAE non-oil foreign trade hits AED 1.6tn
Dubai – Mubasher: The UAE’s non-oil foreign trade recorded AED 1.612 trillion ($440 million) in 2017, compared to AED 1.599 trillion a year earlier. The weight of the GCC country’s non-oil foreign trade reached 220.3 million tonnes last year, …
The state-owned petroleum company sold the first cargo of DFC
19 April 05:31 PM Qatar Petroleum sets lower premiums for June condensate cargoes
Mubasher: Qatar Petroleum has sold two condensate cargoes loading in June at lower premiums compared to a month earlier, trade sources said. The state-owned petroleum company sold the first cargo of deodorised field condensate (DFC) to Hyundai …
19 April 05:25 PM Nestle sales rise 1.4% in Q1-18
Nestle has reported a growth in sales during the first quarter of 2018
The decline of the request was due to not meeting all the listing requirements
19 April 05:23 PM CMA rejects Jiyad’s request to list on DFM
Mubasher: Jiyad Holding Co announced that the Capital Markets Authority (CMA) has declined the company’s request to list its shares on the Dubai Financial Market (DFM). The decline of the request was due to not meeting all the listing requirements …
It is expected for the Saudi shares to incline in 2018
19 April 05:14 PM Listing Aramco on Tadawul will boost EM indices – IFC
Mubasher: The International Finance Corporation (IFC) announced that upgrading the Saudi Stock Exchange (Tadawul) in FTSE’s emerging markets list in 2019 will raise the market’s weight to 2.7% in the main indices for emerging stocks. The IFC added …
19 April 05:07 PM Analyst warns of ‘violent’ oil sell-off as Saudi eyes $100/barrel
Analysts do not expect the recent rise in oil prices to continue towards Saudi Arabia's desired $100 per barrel
The initiative also helped in reducing harmful emissions by an average of 1.5 tonnes per year
19 April 05:06 PM Tarsheed initiative saves QAR 5bn in 6 yrs - Minister
Mubasher: Qatari energy and industry minister Mohammed Saleh Abdulla Al Sada stated that Tarsheed initiative helped save 265 billion cubic metres of natural gas within five years.  The total cost of the saved gas quantities amounted to QAR 5 …
The new jet was scheduled for commissioning as of 19 April
19 April 04:33 PM Saudia receives Boeing 787 Dreamliner jet
Riyadh – Mubasher: The Saudi Arabian Airlines (Saudia) has received a new Boeing 787 Dreamliner to be added to the national carrier’s fleet. The new jet was scheduled for commissioning as of 19 April after obtaining the required licences from the …
TASI’s trading volume hit 250.26 million shares on Thursday
19 April 04:24 PM Saudi indices close Thursday mixed
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Thursday in the green after its benchmark Tadawul All Share Index (TASI) surged 1.61% or 131 points to 8,277.14 points. TASI’s trading volume hit 250.26 million shares on Thursday, up …
The pressure on oil prices forced the economies to look at diversification
19 April 04:24 PM IHG Global mulls expansion in Middle East – CEO
Mubasher: Intercontinental Hotels Group Global (IHG Global) has plans to grow its business across the Middle East, the CEO of IHG Global, Keith Barr, said. The CEO has discussed the hotel group's plan to expand in the Middle East in an exclusive …
The OGM elected new board for the coming three years
19 April 04:11 PM Securities House to shrink capital by KWD 3m
Mubasher: The ordinary general meeting (OGM) of Securities House approved decreasing 6.25% or KWD 3 million of the paid-up capital. Securities House will shrink its capital to KWD 45 million from KWD 48 through cancelling 30 million shares, …
EGX30 index edged up 75.15 points, or 0.42%, finishing the session at 17,781 points
19 April 04:07 PM EGX ends Thursday in green; market cap gains EGP 3.9bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session up on the back of Arab buying. The benchmark EGX30 index edged up 75.15 points, or 0.42%, finishing the session at 17,781 points. Market capitalisation gained EGP 3.9 …