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Etisalat became MENA's 1st operator to introduce 5G tech
42 minutes ago Etisalat conducts 1st end-to-end 5G standalone call in MENA
Mubasher: Etisalat has completed the first end-to-end 5G standalone call in the Middle East and North Africa region in the UAE, Emirates News Agency reported on Saturday. The recent announcement followed the completion of a test conducted in the …
Part of the signing ceremony
4 hours ago Egypt inks terms & conditions agreement with Euroclear
Cairo – Mubasher: Egypt has signed a terms & conditions agreement with Euroclear Bank to peg Egyptians debt instruments to the bank’s local currency. Under the agreement, the Belgium-based bank will promote Egyptian debt instruments to a larger …
KFH invests in a group of Egyptian companies
05:12 PM Kuwait Finance House to increase investments in Egypt
Cairo – Mubasher: Kuwait Finance House (KFH) is intended to increase investments in Egypt in the coming period, chairman Hamad Al Marzouk stated on Saturday, according to Akhbar el-Yom newspaper. Al Marzouk commended measures taken by the Egyptian …
18 October 05:58 PM IMF warns against mounting risks to Asia’s growth outlooks
Mubasher: The International Monetary Fund warned Asian economies are facing elevated risks to their growth outlooks.
18 October 05:11 PM Asda secures $4.9bn buy-in with insurer Rothesay Life
Mubasher: Asda announced a GBP 3.8 billion “buy-in” with Rothesay Life to secure the benefits for 12,300 members of one of its pension plans.
18 October 04:42 PM European bailout fund’s head rules out another 2009 crisis
Mubasher: The Eurozone has worked hard to ensure that the region is well-prepared to deal with any incoming financial shocks.
18 October 04:09 PM Coca-Cola posts solid Q3 revenue on growing healthier drink sales
Mubasher: Coca-Cola on Friday reported third-quarter revenue that beat analysts’ forecasts led by healthier options such as Zero Sugar soda.
18 October 03:14 PM EU rubber-stamps Christine Lagarde to take ECB’s helm
Mubasher: European Union leaders on Friday approved the appointment of Christine Lagarde as the next head of the European Central Bank.
18 October 03:01 PM China’s fixed-asset investment retreats slightly in 9M to September
Mubasher: China's fixed-asset investment grew slightly slower over the first three quarters of this year, but it maintained a steadily pace, driven by high-tech investments.
18 October 02:32 PM Gold slips on profit-booking, growth, trade anxieties limit losses
Mubasher: Gold prices declined on Friday as investors locked in profits after the European Union and the UK clinched a new Brexit deal.
18 October 02:10 PM Goldman Sachs raises Brexit odds to 65%
Mubasher: Goldman Sachs said it raised the chance of reaching a Brexit deal to 65% from 60%.
18 October 01:48 PM China’s refinery throughputs hit fresh peak in September
Mubasher: China's crude oil refinery runs hit a record peak, climbing by 9.4% year-on-year in September.
Communications satellite TIBA-1 was sent to French Guiana, before its launch from Kourou
18 October 01:16 PM Egypt’s TIBA-1 satellite leaves Airbus’ clean rooms
Mubasher: Airbus said that Egypt’s communications satellite TIBA-1 left its defence and space clean rooms in Toulouse, according to the European aeronautics giant’s website. The spacecraft, developed by Airbus and Thales Alenia Space (TAS), a …
18 October 12:34 PM Oil declines early Friday on weak China GDP figures
Mubasher: Oil prices declined earlier on Friday amid demand worries raised by figures showing the weakest economic growth of China since almost three decades.
18 October 11:38 AM Eurozone current account surplus grows in August
Mubasher: The Eurozone’s current account surplus grew in August compared with July, but it shrank over the 12-month period ended the reported month.
18 October 11:30 AM China’s industrial growth picks up in September
Mubasher: Chinese industrial output growth accelerated in September from its slowest pace in 17 years and a half during August.
18 October 10:47 AM Chinese economy slows down further in Q3
Mubasher: Chinese economic growth in the third quarter of this year lost further steam, amid the trade tensions with the US.
17 October 06:17 PM Volvo Cars to cut carbon footprint by 40% per car
Mubasher: Volvo Cars revealed its ambitious plan to cut its carbon footprint by 40% per car between 2018 and 2025.
The first phase of subscription included 28.23 million shares
17 October 06:13 PM Odin Investments’ capital raise subscription covered by 56.75%
Cairo – Mubasher: Odin Investments, formerly Egyptians Abroad for Investment and Development, announced that subscription to its issued capital increase was covered by 56.75%. The first phase of subscription included 28.23 million shares and the …
17 October 06:07 PM US oil stockpiles surge in mid-October as futures drop
Mubasher: US crude oil stockpiles climbed by 9.3 million barrels to 434.9 million barrels in the week ended 11 October, the Energy Information Administration said.
Market capitalisation stood at EGP 717 billion
17 October 05:46 PM EGX ends week mixed; market cap drops EGP 1.5bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed the third week of October in a mixed note and market capitalization lost more than EGP 1.5 billion. The benchmark EGX30 index fell by 0.67%, ending the week at 14,205 points from 14,302 points a …
17 October 05:32 PM US natural gas stockpiles jump as futures surge
Mubasher: US natural gas storage climbed by 104 billion cubic feet in the week ended 11 October, to a total of 3,519 Bcf.
Egypt’s oil production has dropped by 4.8% since the beginning of 2019
17 October 05:30 PM Egypt’s oil output hits 19m barrels in August
By: Heba El-Kordy Cairo – Mubasher: Oil output in Egypt declined by about 7,000 barrels per day (bpd) to around 612,650 bpd in August from nearly 619,440 in July, data released by the Joint Organisations Data Initiative (JODI) showed. During …
17 October 05:20 PM Morgan Stanley profit rises 3% in Q3
Mubasher: Morgan Stanley on Thursday reported that its net income rose by almost 3% year-on-year in the third quarter of this year.
Grand Union is Developed by St George PLC, Berkeley Group
17 October 05:13 PM Major trending investments in London include Battersea Power Station – Savills
Mubasher: Companies invest into the real estate market in London, so too are developers, by offering increasingly attractive opportunities, the leading real estate advisor, Savills Middle East, said. In a high-profile event at the UK Embassy in …