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19 February 07:36 PM JP Morgan head’s paycheck tops counterparts for 2nd straight year
JP Morgan's chairman Jamie Dimon maintained his rank on top of Wall Street banks' highest-paid CEOs list
19 February 06:39 PM Alibaba, Tencent go neck-and-neck in China retail acquisitions
China's top tech companies Alibaba and its rival Tencent Holdings are competing fiercely in the retail market
Annual revenues for Dubai hotels will reach $495 million by 2019
19 February 05:56 PM Dubai luxury spas to grow by 10.7% to 2021; Oman, Bahrain outperform
Dubai - Mubasher: Dubai’s 5-star hotel spas are expected to grow by a 10.7% compound annual growth rate (CAGR) by 2021, according to data released by Colliers International. The number of 5-star hotel spas in Dubai is set to rise to 157 by 2021 …
19 February 05:48 PM Venezuela to launch pre-sale of “petro” cryptocurrency
Venezuela's government on Monday announced it would issue a pre-sale of a commodity-backed new digital currency
NCB’s capital will be increased to SAR 30 billion, up from SAR 20 billion
19 February 05:08 PM CMA nods to Saudi NCB's capital hike
Riyadh – Mubasher: The Saudi Arabia-based National Commercial Bank (NCB) has obtained the Capital Market Authority’s (CMA) approval for raising its capital by SAR 10 billion through bonus shares. NCB’s capital will be increased to SAR 30 billion, …
19 February 04:52 PM Emirates extends shirt sponsorship deal with Arsenal until 2024
Dubai airline's deal with the  Premier League club will be extended until the end of 2023/2024 season.    
The oil-rich nation exported 7.05 million bpd in the last month of 2017
19 February 04:50 PM Saudi oil exports rise by 29,000 bpd in December – JODI
Riyadh – Mubasher: Saudi Arabia's crude oil exports increased by 29,000 barrels per day (bpd) on a monthly basis during December 2017. The oil-rich nation exported 7.05 million bpd in the last month of 2017, the Joint Organisations Data …
The cement producer's net profits amounted to SAR 97 million during Q4-17
19 February 04:37 PM Arabian Cement posts SAR 97m profits in Q4
Riyadh – Mubasher: Arabian Cement on Monday posted a 276% year-on-year surge in its net profits for the fourth quarter of 2017. The cement producer's net profits amounted to SAR 97 million during Q4-17, compared to SAR 25.8 million in the same …
19 February 04:31 PM QNB sees oil prices at $65 pb in 2018
QNB upgraded its forecasts for crude oil prices despite the recent fall
TASI grew 19.8 points, or 0.26%, to 7,528.24 points.
19 February 04:18 PM TASI rises, Nomu tumbles at Monday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Monday in the green after its benchmark Tadawul All Share Index (TASI) grew 19.8 points, or 0.26%, to 7,528.24 points. TASI’s trading volume reached 147.65 million on Monday, against …
Male investors’ stood at 3.68 million by the end of Q4-17
19 February 03:16 PM Tadawul's female investors hike to 989,700 end Q4-17 – CMA
Riyadh – Mubasher: The number of female investors at the Saudi Stock Exchange (Tadawul) rose 1.8% or 17,800 year-on-year in the fourth quarter of 2017. Female investors’ number reached 989,700 in Q4-17, compared to 971,900 in the same period a …
19 February 03:16 PM China warns Trump against tariffs over steel, aluminum exports
China's government warned US President Donald Trump against imposing tariffs over metal exports
The firm's debts exceeded the value of shares which will be issued during the capital hike
19 February 02:46 PM Gov't's arrears to Al Khodari exceed SAR 300m – CEO
Riyadh – Mubasher: Saudi authorities' arrears owed to Abdullah Abdul Mohsen Al-Khodari Sons Company have surpassed SAR 300 million, CEO Fawwaz AlKhodari stated.  The firm's debts exceeded the value of shares which will be issued during the capital …
19 February 02:14 PM Dollar rebounds from 3-year low amid Fed holiday
The US dollar on Monday recovered as the Federal Reserve Bank and US stock and treasury markets were in a holiday
Around 32 Saudi companies are nominated to be listed on the Emerging Market (EM) Index
19 February 02:07 PM Saudi market's potential weight to hit 2.3% after listing on MSCI
Riyadh – Mubasher: Saudi market's potential weight may reach 2.3% when it will be listed on Morgan Stanley Capital International’s (MSCI) index, according to consultation document posted on MSCI’s website. Around 32 Saudi companies are nominated …
19 February 01:49 PM Europe’s current account surplus shrinks in December
The Eurozone’s current account surplus narrowed more than expected in December=
19 February 01:12 PM Germany’s Daimler said to be cheating emission tests -Newspaper
German automaker Daimler may have used emission-cheating software to pass tests on Diesel Vehicles
The Shura Council also urged SWCC to boost renewable energy use in the desalination and water purification plants
19 February 01:02 PM Saudi SWCC to build desalination plants on beaches
Riyadh – Mubasher: Saudi Arabia's Shura Council, a top advisory council to the government, asked the Saudi Saline Water Conversion Corporation (SWCC) to establish desalination plants on the beaches, as well as water purification plants on dams’ …
19 February 12:33 PM Ultra-rich should pay “significantly higher” taxes - Bill Gates
Microsoft magnate Bill Gates believes that ultra-rich people like him should be paying "significantly higher taxes".
19 February 11:57 AM Oil prices rise Monday, may be “tested”
Oil prices traded higher on Monday, extending gains from last week when prices had rebounded on stronger investor sentiment
Capital decrease will be implemented through cancelling 17 million shares
19 February 11:46 AM MetLife's board recommends 49% capital reduction
Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company’s board of directors on Monday recommended trimming capital by 48.6% to SAR 180 million from SAR 350 million. Capital decrease will be implemented through cancelling 17 million …
NOMU remained unchanged at the same levels of Sunday’s session.
19 February 11:16 AM TASI falls, Nomu stable at Monday’s open
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) started Monday in the red after shedding 2.07 points, or 0.03%, to 7,506.37 points. By 10:45 am KSA time, TASI’s traded volume reached 27 million shares, through 17,900 …
The requests aim to meet the spiraling demand for the IoT
19 February 11:06 AM Saudi CITC renews request for licencing IoT
Riyadh – Mubasher: The Saudi Communications and Information Technology Commission (CITC) has renewed its request to obtain public consultation for issuing new licences for the Internet of Things (IoT). Public consultation requests will also …
Al Yamamah Steel to discuss 2017 dividends early March
19 February 10:39 AM Al Yamamah Steel to discuss 2017 dividends early March
Riyadh – Mubasher: Al Yamamah Steel Industries Co’s board of directors will discuss the dividends that were distributed during the full year 2017 on Tuesday, 6 March. The metal products manufacturer distributed SAR 1.5 dividends last year, …
Net profits declined to SAR 93.3 million last year versus SAR 216.3 million in 2016
19 February 10:02 AM City Cement’s profit falls 57% in 2017
Riyadh – Mubasher: The Saudi Arabia-based City Cement on Monday reported a 56.9% year-on-year drop in its net profits for the full year 2017, pressured by a 48% decline in the fourth-quarter profit. Net profits declined to SAR 93.3 million last …