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15 April 03:36 PM CNG car sales in India up on rising fuel prices
15 April 01:44 PM Eastern Europe’s construction industry likely to grow 3.6% in 2021
15 April 01:14 PM Dell to get up to $9.7bn following VMWare stake spinoff
Mubasher: Dell Technologies Inc plans to spin off its 81% equity ownership in cloud computing and virtualization software firm VMware.
AFE Saudi Arabia 2021 will be held on 29-30 March
25 March 03:09 PM Saudi Arabia to host Arab Exchanges Federation Conference next week: Tadawul
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul), in partnership with the Arab Federation of Exchanges (AFE), is hosting the AFE Annual Conference Saudi Arabia 2021 from 29 to 30 March. The conference aims at creating a platform for …
18 March 03:32 PM Google to invest $7bn in US offices, data centres
Google plans to invest more than $7 billion in offices and data centres across the US in 2021.
11 March 03:21 PM BMW 2020 profit falls on pandemic impact, despite China-lead rebound
BMW said its operating profit for 2020 fell due to the COVID-19 pandemic.
9 March 03:20 PM China's EV trio plan to list in Hong Kong
The US-listed Chinese electric vehicle (EV) companies, Li Auto, Nio, and Xpeng, seek to list in Hong Kong in 2021.
8 March 04:45 PM EU approves Microsoft's $7.5bn acquisition of ZeniMax Media
 The European Commission has approved Microsoft's $7.5 billion acquisition of ZeniMax Media.
8 March 01:11 PM Panasonic set to acquire US Blue Yonder for $6.5bn
Panasonic is arranging for acquiring Blue Yonder, a US software company focusing on supply chain management.
7 March 04:33 PM US Senate passes Biden's $1.9 trn relief plan
The US Senate has passed President Joe Biden’s $1.9 trillion coronavirus (COVID-19) relief plan.
The 100 CEOs represent 24 nationalities and 21 sectors.
7 March 12:10 PM Forbes unveils “Top CEOs in the Middle East” ranking
Dubai - Mubasher: Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking, recognising the executives making significant contributions to the region's economies. The 100 CEOs represent 24 nationalities and 21 …
The current cooperation portfolio between Egypt and the AfDB amounts to about $640.8 million
4 March 02:07 PM Egypt inks EUR 109m deal with AfDB to finance sanitation services in Luxor
Cairo – Mubasher: The Ministry of International Cooperation and the African Development Bank (AfDB) signed a development financing deal worth EUR 109 million to provide sanitation services in residential communities in Luxor’s rural areas, …
Photo Archive
3 March 01:49 PM S&P launches ratings for Saudi local currency debt
Riyadh – Mubasher: S&P Global Ratings said it is providing GCC National Scale Ratings for entities in Saudi Arabia issuing local currency debt, Reuters reported on Wednesday. Over the past few years, Saudi Arabia, the GCC region’s largest economy, …
3 March 12:43 PM Samsung considers four sites in US for $17bn chip plant
Samsung Electronics Co is considering two sites in Arizona and two others in New York and Texas’ Austin for a new $17 billion chip plant.
2 March 04:32 PM What Do Smartphones Bring to the Table in 2021?
The iPhone 12, along with Samsung Galaxy S21 Ultra and the Huawei Mate 40 Pro, have helped drive consumer demand.
2 March 03:05 PM Target earnings exceed estimates as sales grow 21%
Earnings of Target surpassed Wall Street’s estimates, as its sales were boosted by a strong holiday season and stimulus checks.
Abu Dhabi National Oil Company (ADNOC) - (Photo Archive)
2 March 12:34 PM ADNOC to ease output cuts in April
Mubasher: Abu Dhabi National Oil Company (ADNOC) is expected to increase crude shipments next month, Reuters reported, citing Asian refiners. ADNOC reportedly plans to ease output cuts by 5% in April, compared with curbs of 10-15% in March. On …
25 February 03:51 PM Airline industry to remain cash negative in 2021 - IATA
The airline industry is forecast to continue witnessing negative cash flow in 2021 due to COVID-19.
25 February 02:59 PM EU leaders meet to accelerate vaccine production, rollout
European Union leaders will meet to try to accelerate the production and rollout of COVID-19 vaccines in a race against the emergence of new variants.
The first Murban futures contract will be physically delivered two months ahead
25 February 10:09 AM ADNOC, ICE prepare for launching ICE Murban Crude Oil futures in March
UAE - Mubasher: The Abu Dhabi National Oil Company (ADNOC) and Intercontinental Exchange (ICE) are preparing to launch the ICE Futures Abu Dhabi (IFAD) and the trading of ICE Murban Crude Oil Futures on 29 March 2021. The first Murban futures …
23 February 02:38 PM HSBC annual profit beats estimates
HSBC reported full-year earnings for 2020 that exceeded expectations and announced a dividend payout for the first time since the Covid-19 pandemic.
22 February 05:20 PM Dozens of Boeing 777 jets grounded after Denver incident
Mubasher: Airlines in the US, South Korea, and Japan have grounded dozens of Boeing 777 airplanes after a United Airlines plane suffered engine failure.
18 February 03:17 PM Airbus announces EUR 1.133bn losses in 2020
Airbus announced consolidated net losses of EUR 1.133 billion in 2020, compared to EUR 1.362 billion in 2019.
The Middle East and Africa witnessed the highest level in percentage terms
18 February 01:35 PM Middle East insurance M&A defies COVID-19-driven dip in 2020; expected to surge in 2021
Mubasher: The insurance sector across the world has registered 407 completed merger and acquisition (M&A) deals in 2020, lower than 419 in 2019. This record was mentioned by finding opportunity in adversity, the latest edition of global law firm …
18 February 12:37 PM Barclays sees 38% lower annual earnings, resumes dividend payouts
Barclays logged a profit of £1.53 billion ($2.11 billion) in 2020, down by 38% from 2019.