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10 April 08:12 AM

Middle east news

13 December 2019 03:20 PM Chinese education market to produce $572bn in 4 years
Mubasher: Education market in China is expected to generate $572.51 billion by the end of 2023, expanding at a compound annual growth rate of 11.3%.
Global Markets brief
13 December 2019 02:41 PM World’s rare earths market to hit $5.62bn in 5 years
Mubasher: World's rare earth materials market is projected to reach $5.62 billion by 2025, according to a business data platform.
Global Markets brief
13 December 2019 00:21 PM Telenor chooses Ericsson to build Norway’s 5G network
Mubasher: Norway’s state-controlled Telenor chose Sweden’s network equipment giant Ericsson as the main provider for its fifth-generation network, the telecoms company said on Friday.
Global Reports
12 December 2019 06:45 PM GlobalData: 2020 to become the year of instant payments   
While the payments trend focused on technologies like artificial intelligence (AI), the instant bank-to-bank payments systems will lead the payments transformative technology in 2020.
Global Reports
12 December 2019 00:50 PM KKR completes acquisition of 70% stake in NVC China
The investment was made from KKR’s Asian Fund III
Global Markets brief
12 December 2019 00:03 PM Biocorp, Sanofi inks insulin delivery tech deal
Mubasher: France’s Biocorp inked a partnership agreement with pharmaceutical giant Sanofi for the use of the medical device maker’s connected device for insulin pens, Mallya.
Global Reports
11 December 2019 06:09 PM VoLTE users to reach 5bn in 5 years–Juniper Research
Mubasher: Users of the voice over LTE technology worldwide will grow by 2 billion to reach 5 billion by 2024.
Global Markets brief
11 December 2019 05:36 PM OPEC produces less barrels in November on lower Saudi output
Mubasher: Member states of the Organization of the Petroleum Exporting Countries pumped lower number of barrels in November.
Global Markets brief
10 December 2019 01:36 PM Rolls-Royce’s biggest shareholder leaves board
Mubasher: UK engineering giant Rolls-Royce said that representative of its largest shareholder ValueAct Capital left its board, according to its website.
Global Markets brief
10 December 2019 01:00 PM Moody’s sees stable outlook for global life insurance
Life insurance sectors in Germany, Norway, and Taiwan are seen as the most exposed to low interest rates
Global Markets brief
10 December 2019 00:40 PM Kennedy Wilson buys Greater London office campus for $179m
Mubasher: US property giant Kennedy Wilson and its equity partners concluded an off-market purchase of a quality office campus in Greater London sub-market of Weybridge.
Global Markets brief
9 December 2019 06:57 PM Finland appoints world’s youngest Prime Minister
34-year old Sanna Marin has been chosen as the new Prime Minister of Finland, which makes her the youngest serving prime minister in the world.
Global Reports
9 December 2019 04:06 PM OZY Media sees "exponential growth" from MENA in entertainment, media
Mubasher: The global media pioneering company, OZY Media, said it will increase its focus on the entertainment and media industry across the MENA region.
Global Markets brief
9 December 2019 02:53 PM China’s solar PV market grows despite US tariffs - GlobalData
The global solar PV market is expected to see a 13% growth in installations
Global Reports
9 December 2019 02:51 PM EBRD invests $4m in Turkish bus-ticketing service firm oBilet
Mubasher: The European Bank for Reconstruction and Development announced an equity investment of $4 million in Turkish online bus-ticketing service provider oBilet.
Global Markets brief
9 December 2019 01:57 PM Swedbank rejigs management structure; Baltic banking head leaves
Mubasher: Swedbank announced on Monday that its chief risk officer will leave, in the framework of the Swedish lender’s plan to revamp its structure.
Global Reports
9 December 2019 00:31 PM Sanofi to acquire US biotech firm Sythorx $2.5bn
Mubasher: Sanofi on Monday said it will take over US biotechnology company Synthorx in a cash deal that valued the latter at $2.5 billion.
Global Reports
7 December 2019 10:45 PM US federal aviation admin to impose $3.9m fine on Boeing
Mubasher: The US Federal Aviation Administration (FAA) is seeking to impose a $3.9 million fine on Boeing Company, according to Reuters.
Global Reports
7 December 2019 04:39 PM OPEC+ output cuts may be eased on drop in inventories
Mubasher: OPEC+ output cuts are expected to be eased after global inventories drop and prices reflect a tighter market, Saudi energy minister said.
Oil and Energy
6 December 2019 10:53 PM Oil futures mark highest settlement in over 2M on Friday
Mubasher: Oil futures recorded the highest settlement since 17 September on Friday, surging 7.3% for the week. 
Global Reports
6 December 2019 10:38 PM Gold settles $18 lower on Friday  
​​​​​​​Mubasher: Gold prices dropped at Friday’s settlement, losing 0.5% for the week.
Global Reports
6 December 2019 07:38 PM Nevada’s public utilities commission approves $1bn solar project
Mubasher: Nevada’s public utilities commission has approved 25-year Power Purchase Agreement for 690 megawatts AC Gemini Solar + Battery Storage Project in Clark County.
Global Markets brief
6 December 2019 04:57 PM Saudi Arabia leads OPEC+ to agree on more output cuts
Mubasher: OPEC+ agreed to adjust output target and redistribute production cuts between its members, Bloomberg reported on Friday.
Oil and Energy
6 December 2019 00:56 PM Phoenix Group acquires Swiss Re’s UK unit for $4.3bn
Mubasher: Reinsurance company Swiss Re agreed to sell its UK subsidiary for pension giant Phoenix Group for GBP 3.25 billion in cash and shares.
Global Markets brief
6 December 2019 10:35 AM Global food prices hit 2-year peak in November
Mubasher: Food prices worldwide surged in November, hitting their highest level since more than two years, mainly driven by meat and vegetable oil price increases.
Global Indices