Top News

1 hour ago China could target America’s big 30
China could target American companies in part of retaliation against the tariffs imposed by the Trump Administration
5 hours ago Lebanon’s economy to grow 2.5% in 2018 - Moody's
Public debt problem still posing a major challenge
5 hours ago OPEC agrees to raise output by undisclosed amount
Members of the Organization of Petroleum Exporting Countries (OPEC) on Friday announced that they agreed on ramping up their oil production, easing their supply curbs.
02:11 PM Eurozone agrees plan to end Greece’s bailout
Eurozone finance ministers on Friday agreed on debt relief for Greece and a large cash payout as part of a broad bailout programme exit deal.
12:26 PM Eurozone business growth rebounds in June
Flash estimates for the Eurozone showed that business activity growth gained momentum in June.
11:37 AM Germany's private sector growth improves in June
Germany’s private sector slightly picked up steam in June from 20-month low pace in the previous month, driven by resilient demand in the service sector.
10:56 AM Oil rises on uncertainty over OPEC meeting, trade dispute
Oil climbed on early Friday, driven by uncertainty as to whether OPEC members would agree on increasing production at their meeting later in the day.
21 June 05:41 PM US natural gas storage, prices rise
Mubasher: The US Energy Information Administration (EIA) reported that the country’s natural gas storage rose by 91 billion cubic feet (Bcf) last week.
21 June 05:31 PM India slaps higher duties on US farm, metal imports
Mubasher: India raised duties on a slew of US farm and metal products, in retaliatory response to Washington’s tariff hikes on steel and aluminium imports.
21 June 05:28 PM Renewables set to reach 50% of world's generation by 2050
Cost reduction will lead to renewable sources and batteries getting cheaper
Aramco IPO timing 'not critical', can be delayed beyond 2019 – Al-Falih
21 June 05:00 PM Aramco IPO timing 'not critical', can be delayed beyond 2019 – Al-Falih
Riyadh – Mubasher: The timing of Saudi Aramco's initial public offering (IPO) isn't critical and can be postponed to 2019 or afterwards, Saudi minister of energy, industry and mineral resources Khalid Al-Falih has said. "It would be nice" if the …
The telecommunication services sector added 1.9%
21 June 04:47 PM Saudi indices end Thursday mixed
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday's trading session on mixed performance after its benchmark Tadawul All Share Index (TASI) jumped 40.10 points, or 0.49%, to 8,206.40 points, while the NOMU parallel market index …
Tadawul is forecast to represent approximately 2.6% of the MSCI EM index after classification
21 June 03:16 PM Saudi Tadawul to lure $14bn inflows after MSCI EM inclusion – Report
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is forecast to represent approximately 2.6% of the MSCI emerging markets (EM) index after the global index compiler has upgraded the region’s biggest bourse to EM status, Renaissance Capital …
21 June 02:59 PM BoE holds key interest rate, projects future ‘gradual’ hikes
The Bank of England (BoE) on Thursday held its benchmark interest rates.
This liquidity is expected to ease procedures of listing large companies which may be listed soon
21 June 01:06 PM Saudi bourse eyes attracting $40bn investments after joining MSCI EM index – CMA
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is looking to attract around SAR 150 billion ($40 billion) in foreign cash inflows after its inclusion in the MSCI Emerging Markets (EM) Index, the Saudi Capital Market Authority’s (CMA) …
21 June 12:25 PM UK public borrowing hits 13-yr low in May
Mubasher: The UK’s public sector net borrowing, excluding public banks, fell by GBP 2 billion to GBP 5 billion in May.
The healthcare sector dropped1.2%
21 June 11:17 AM TASI falls, Nomu stable at Thursday’s open
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has started Thursday's trading session in red territory after its main Tadawul All Share Index (TASI) fell 8.15 points, or 0.1%, to 8,158.15 points despite the bourse's inclusion in the MSCI …
The oil-rich kingdom has held discussions with 20 local and overseas firms
21 June 11:02 AM Saudi Arabia grants investment licences for 3 int'l firms with 100% ownership
Riyadh – Mubasher: Saudi Arabia will issue business licences to three international companies operating in the information technology (IT) and telecommunications sector with a 100% ownership. US tech giant Apple, China's ZTE Corporation, and …
21 June 10:47 AM Oil drops after Iran hints support for OPEC output hike
Mubasher: Oil prices fell on Thursday as Iran suggested that it may back a small increase in crude production from OPEC.
The upgrade will improve the Saudi capital market by increasing investments
21 June 10:18 AM Tadawul's MSCI EM inclusion attracts investment, spurs private sector – Minister
Riyadh – Mubasher: The Saudi Stock Exchange's (Tadawul) inclusion in the MSCI Emerging Markets (EM) Index will boost liquidity in the bourse and highlights Tadawul's efforts to be in line with global best practices, commerce and investment …
The inclusion of Tadawul in MSCI’s EM index will be implemented in two phases
21 June 09:37 AM MSCI upgrades Saudi Tadawul to emerging market status
Riyadh – Mubasher: The global index compiler MSCI has announced upgrading the Saudi Stock Exchange (Tadawul) to an emerging market (EM) status, from standalone market in its annual review. The inclusion of Tadawul in MSCI’s EM index will be …
20 June 11:20 PM Trump stops immigrant family separations at borders
Trump has signed an executive order to end the policy of separating children from their parents
20 June 05:40 PM US crude inventories fall beyond forecasts; oil prices rise
Crude oil inventories in the US dropped by 5.9 million barrels to 426.5 million barrels in the week ended 15 June, as shown by EIA.
UAE’s Depa Limited to carry out SAR 82m transport project in Saudi Arabia
20 June 05:19 PM UAE’s Depa Limited to carry out SAR 82m transport project in Saudi Arabia
Mubasher: UAE-based Depa Interiors has announced that its subsidiary, Depa Limited, won a SAR 81.9 million (more than AED 80 million) contract to implement a large transport project in Saudi Arabia. The deal is considered Depa Limited’s second …
Saudi, Argentina bourses to see large investments after MSCI upgrade
20 June 04:41 PM Saudi, Argentina bourses to see large investments after MSCI upgrade
Riyadh - Mubasher: Saudi Arabia’s and Argentina’s stock exchanges are forecast to expand their assets by more than a combined $600 billion on the back of the widely-anticipated decision by the MSCI to promote both to emerging markets (EM) status. …