Latest News

Bin Salman is playing a major role in modernising Saudi Arabia
16 February 10:16 PM Bin Salman may close $4.3bn deal to buy Man United
Riyadh – Mubasher: Saudi Arabia’s Crown Prince Mohammad bin Salman (MBS) is ready to increase a EUR 3.8 billion ($4.29 billion) offer to buy the UK’s Manchester United Football Club from the Glazers before the coming season. The Glazers, the US …
15 February 11:41 PM Oil settles at 3M high on OPEC output decline
Oil prices finished on Friday at their highest level since last November as crude supplies from the Organization of Petroleum Exporting Countries sustained their decline.
15 February 10:51 PM Gold finishes at 2-week high Friday
Gold settled at a two-week peak on Friday, recording a slight gain for the week on progress in trade talks between the US and China.
15 February 10:15 PM Trump vows to remove China tariffs, if trade deal inked
US President Donald Trump said he will remove duties on Chinese imports, should US and Chinese negotiators manage to hammer out a trade agreement.
15 February 09:46 PM US oil drillers add rigs for second straight week
US energy firms this week raised the number of active rigs drilling for oil for the second consecutive week.
15 February 09:23 PM Trump declares national emergency to build US-Mexico border wall
President Donald Trump on Friday announced that he is using emergency powers in an attempt to fund his pledged wall on the US-Mexico border.
15 February 08:28 PM US slaps sanctions on top Venezuelan officials
The US administration on Friday sanctioned senior Venezuelan security officials as well as the head of state-owned oil Petroleos de Venezuela.
15 February 07:52 PM Mexico to inject $3.6bn into state oil firm Pemex
Mexico will pump $3.6 billion into oil firm Pemex, a move that would include tax cuts and debt refinancing and aims to shore up finances.
15 February 07:21 PM Brexit will not impact security cooperation – intelligence heads
The UK's departure from the European Union would not deter security cooperation with its NATO partners France and Germany.
15 February 06:53 PM US gov’t, Facebook in talks over multibillion-dollar fine–Report
Facebook may pay billions of dollars in fine, if the social media company reaches a settlement with the US administration over security lapses.
15 February 06:29 PM US industrial output declines for first time in 8M
US industrial production growth sank in January, recording the first decline in 8 months, data by the Federal Reserve Bank showed on Friday.
15 February 06:16 PM US consumer sentiment rebounds in February after gov't shutdown
Preliminary estimates released by the University of Michigan indicated that the US consumer confidence recovered by the first half of February.
15 February 05:50 PM US import prices fall for third straight month
The costs of the US import extended their decline in January for the third month in a row, once again helped by lower oil prices.
15 February 05:25 PM NY manufacturing business rebounds from 1-yr trough in February
Manufacturing business activity recovered in February after hitting the lowest level in a year.
15 February 05:06 PM US, China upbeat on talks, despite no trade deal signs
Both US and Chinese officials expressed their optimism regarding the trade talks between the world’s two biggest economies in Beijing this week.
15 February 04:27 PM Morgan Stanley urges investors to brace for car tariffs
Morgan Stanley asked investors to prepare for at least a temporary implementation of duties on imported cars before this summer.
15 February 03:55 PM Europe faces critical moment as economy trembles-IMF head
European Union leaders should ramp up their efforts to raise living standards, as doubts by populist movements mounted over the merits of integration.
15 February 03:21 PM Amazon abandons plan for new $5bn HQ in New York
Mubasher: The US-based multinational e-commerce company, Amazon, has waived a plan to build a new headquarters in New York after a wave of criticism.
15 February 02:14 PM Norway nods to mining projects in Arctic
Mubasher: Environmentalists have panicked after the approval of a plan that permits a Norwegian mining company to mine for copper in the Arctic.  
15 February 01:47 PM UK retail sales mark positive growth in January
​​​​​​​Mubasher: The quantity of the UK’s retail sales grew 0.7% quarter-on-quarter during the three-month period ended 31 January.
Thamer has over 20 years of experience
15 February 12:38 PM Halwani Bros hires new CEO
Riyadh – Mubasher: The board of Halwani Bros Co. has appointed Thamer Mohammad Gameil as CEO. The new CEO will begin his job officially as of 1 April, according to a statement to the Saudi Stock Exchange (Tadawul). Thamer has over 20 years of …
15 February 12:22 PM Oil begins Friday near stability
Mubasher: Oil went up on Friday, supported by the output cuts led by OPEC and the shutdown of a Saudi offshore oilfield.
14 February 11:12 PM Oil levels up at Thursday’s settlement  
Mubasher: Oil futures ended Thursday in green, supported by the optimism regarding the outcome of the trade talks between the US and China.  
14 February 10:06 PM Gold loses over $1 on Thursday
​​​​​​​Mubasher: Gold settled lower on Thursday, as the US reported negative economic data.
The EGP went up 7 piasters against the USD in Audi Bank
14 February 08:11 PM EGP levels up against USD – Thursday
Cairo – Mubasher: The EGP exchange rate grew from 4 to 7 piasters against the US dollar on Thursday. The EGP rate increased by 6 piasters against the USD in both the National Bank of Egypt (NBE) and the Commercial International Bank (CIB), …