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33 minutes ago Oil narrows weekly losses
Crude inventories in the United States rose by 6.5 million barrels last week
19 October 04:05 PM P&G Q1 sales beat estimates
Mubasher: Procter & Gamble Co (P&G) on Friday reported a robust rise in sales for the first quarter of this year
19 October 02:35 PM UK public borrowing hits 11-yr low in September
Mubasher: The UK’s public sector net borrowing, excluding banks, slipped by GBP 800 million year-on-year in September to GBP 4.1 billion
19 October 01:07 PM China's Q3 GDP growth weakest since 2009
Mubasher: China’s economic growth slowed down to its weakest quarterly pace since 2009 amid escalating trade tensions between the country and the US.
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18 October 07:48 PM TASI registers 1.6% in weekly gains
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance this week, supported by a group rise by the market’s three main sectors. The Tadawul All Shares Index (TASI) added 1.56% or 117.35 points, as it ended the week’s …
19 October 12:00 AM Oil prices fall to 5 week-low
Nymex futures for November delivery dropped 1.6%
Saudi Steel Pipe wins SAR 60m deal from Aramco
18 October 06:17 PM Saudi Steel Pipe wins SAR 60m deal from Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Thursday announced winning an SAR 60 million ($15.99 million) contract from Saudi Arabian Oil Co “Aramco”. Under the deal signed on Thursday, SSP will supply 30 inches OCTG pipes to Aramco, it …
Riyad Bank’s profits also increased 13% to SAR 3.3 billion from January to September 2018
18 October 04:46 PM Riyad Bank posts SAR 1.16bn profit in Q3
Riyadh – Mubasher: Riyad Bank on Thursday said that its profits rose 8.17% year-on-year during the third quarter of 2018, registering SAR 1.16 billion, from SAR 1.8 billion. The Saudi lender attributed the third-quarter profit growth to a rise in …
This free-of-charge ‘KFHTrade’ service will offer stocks trading
18 October 04:24 PM ‘KFHTrade’ free service to support GCC brokers, investors
Edited By: Ingy ElSafy Mubasher: Kuwait Finance House (KFH) has launched a new service ‘KFHTrade’ in collaboration with KFH Capital for investment Co, according to an official statement by the bank on Thursday. KFHTrade will offer high standards …
The commercial and professional services sector dropped 1.65%
18 October 04:19 PM TASI ends in red, Nomu jumps 68 pts Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday in decline after its benchmark Tadawul All Share Index (TASI) fell 9.72 points, or 0.13%, to 7,648.15 points. The bourse’s trading volume reached 114.55 million shares, down …
18 October 04:07 PM US job claims drop 5,000 in week
US job claims declined by 5,000 in the week ended 13 October recording 210,000 claims from 215,000 claims in the previous week.
The Kingdom exported 7.21 million barrels during August
18 October 04:01 PM Saudi oil exports grow 7.5% in August – JODI
Riyadh – Mubasher: Saudi Arabia’s crude oil exports increased by 7.5% year-on-year, or 506,000 barrels per day (bpd), in August, the Joint Organisations Data Initiative’s (JODI) data revealed on Thursday. The Kingdom exported 7.21 million barrels …
FIPCO’s profit reaches SAR 8m during Q3, SAR 24m in 9M
18 October 03:43 PM Filing and Packing Materials reports SAR 24m profit in 9M
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) on Thursday reported a 30% year-on-year profit growth in the third quarter of 2018. Profits amounted to SAR 7.8 million ($2.08 million) during Q3-18, compared to SAR 6 …
The port’s CEO Rayan Qutub will be a major speaker in the event
18 October 03:13 PM King Abdullah Port to participate in UAE Maritime Week
Mubasher: Saudi Arabia’s King Abdullah Port is set to take part in the UAE Maritime Week as a major sponsor. The participation in the Middle East’s first comprehensive maritime event is a part of exploring opportunities for more expansion …
18 October 02:47 PM Bank of New York Mellon’s revenues hit $4.07bn in Q3
Bank of New York Mellon Corp on Thursday reported a 1% increase in revenues, reaching $4.07 billion during the third quarter of 2018.
18 October 02:17 PM Bill Gates launches green-energy fund, to invest EUR100m in Europe
Bill Gates has announced launching a private green-energy and climate-change supporting fund called Breakthrough Energy ​​​​​​​Venture (BEV).
18 October 01:29 PM Volkswagen to start diesel car exchange programme
Volkswagen AG on Thursday stated that it will launch a programme in 14 cities to exchange old diesel vehicles with newer models.
18 October 01:04 PM CEO of Nestle's Zone AOA to leave on 31 December
Nestle SA on Thursday has said that CEO for Asia, Oceania and Sub-Saharan Africa zone Wan Ling Martello will step down after two months.
18 October 12:37 PM UK retail sales fall 0.8% in September
Retail sales in the UK levelled down 0.8% month-on-month in September, signalling that British consumers are slashing spending.
Boursa Kuwait has resumed trading on Munshaat stock
18 October 12:33 PM Kuwait’s Munshaat approves settlement with Saudi GAZT
Mubasher: Munshaat Real Estate Projects announced that its board members approved on Wednesday the report proposed by the external advisor regarding distributing the amount realised from the settlement with the Saudi General Authority of Zakat and …
18 October 12:04 PM Australia’s unemployment rate drops to 5% in September
Australia’s unemployment rate decreased to 5% in September, compared to 5.3% a month earlier.
Net income for special commissions and investments amounted to SAR 1.5 billion during Q3-18
18 October 11:28 AM Saudi Samba logs SAR 1.41bn profit in Q3
Riyadh – Mubasher: Samba Financial Group on Thursday reported an 8.3% profit growth by the end of the third quarter of 2018, compared to the year-ago period. The Saudi lender’s profits reach SAR 1.41 billion during Q3-18, compared to SAR 1.3 …
The banking sector levelled down 0.2%
18 October 11:17 AM TASI drops 13 pts, Nomu stable early Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Thursday in the red after its main Tadawul All Share Index (TASI) fell 13.54 points, or 0.18%, to 7,644.33 points. By 10:35 am Saudi time, TASI’s traded volume hit 18.33 million shares …
Net income for special commissions and investments levelled up 12.5% to SAR 987 million in Q3-18
18 October 10:35 AM Alinma Bank’s profit levels up 28% in 9M
Riyadh – Mubasher: Alinma Bank on Thursday reported a 20.4% year-on-year profit increase in the third quarter of 2018, logging SAR 653 million ($174.02 million), from SAR 542 million ($144.44 million). Quarter-on-quarter, the Saudi lender’s …
The funding will be used in further expansion into mass transportation, deliveries, and payments
18 October 10:30 AM Dubai's Careem secures $200m funding
Dubai – Mubasher: Dubai-based ride-hailing app Careem Networks FZ on Thursday revealed it has secured $200 million in new funding from existing investors, including Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding. This round is the …