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11 August 12:05 AM Oil prices see worst declining streak in 3 yrs
American crude is down 1.2% for the week
9 August 12:13 PM Iran claims OPEC committee attempts to reallocate supply quotas
Iran accused OPEC’s Joint Ministerial Monitoring Committee of an improper attempt to redistribute oil production quotas among some members.
7 August 07:04 PM Apple may face ‘nationalist anger’ in China amid trade war
Apple might face “anger and nationalist sentiment” in China, amid the ongoing trade war between Washington and Beijing, according to Chinese state-backed media.
Majid Al Futtaim to open 100 new Carrefour markets in Egypt
1 August 12:40 PM Majid Al Futtaim to open 100 new Carrefour branches in Egypt
Cairo – Mubasher: Majid Al Futtaim Group is planning to open 100 new branches of Carrefour Market across the governorates of Egypt, CEO Alain Bejjani said. The UAE-based group will inaugurate the first new store in the Suez Canal city of Ismailia, …
Sipchem to acquire 25% of International Gases
24 July 12:18 PM Sipchem to acquire 25% of International Gases
Riyadh – Mubasher: Saudi International Petrochemical Company (Sipchem) on Tuesday announced signing a deal with National Power Company (NPC) to acquire the latter’s 25% stake in International Gases Company (IGC), an affiliate of Sipchem. The deal …
The financial impact of the deal with will appear in Q1-18
30 November 2017 09:27 AM Saudi eXtra inks exclusive deal with UAE’s
Riyadh – Mubasher: United Electronics Co. (eXtra) on Thursday announced launching a commercial partnership with Dubai-based Under the deal, eXtra will become an exclusive supplier of home and electrical appliances for the e-commerce …