KSA
Tawasul
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Open
17 February 12:36 PM

Top News

16 February 03:24 PM US mulls halting GE engine deliveries to China's new aircraft
Mubasher: The US government is mulling a proposal to stop exporting jet engines co-manufactured by General Electric Co to China.
Global Reports
15 February 07:29 PM Royal Bank of Scotland plans rebranding, cutting investment-banking business
​​​​​​​Mubasher: Royal Bank of Scotland Group (RBS) has unveiled plans to change its name to NatWest Group, according to MarektWatch.com.
Global Markets brief
13 February 01:15 PM MWC 2020 cancelled over coronavirus worries
The Mobile World Congress (MWC) scheduled to be held in Barcelona on 24-27 February 2020 has been cancelled
Global Reports
13 February 04:50 PM Tesla may float $2bn shares to strengthen balance sheet
Mubasher: American electric vehicle and clean energy company Tesla Inc. is planning to raise $2 billion through a public share offering.
Global Markets brief
11 February 06:06 PM UAE’s TIME Hotels eyes expansion into Tatarstan
TIME Hotels is currently considering investment opportunities in Tatarstan, located 800 kilometres east of Moscow at the confluence of the Volga and Kama Rivers.
Global Reports
10 February 05:47 PM Volvo Cars mulls merger with Geely Automobile Holdings
Mubasher: Volvo Cars currently considers a merger with Geely Automobile Holdings Limited to create a global carmaker with presence across key markets.
Global Markets brief
10 February 05:26 PM Nissan halts production facility in Japan due to coronavirus
Nissan Motor Company will reportedly halt production at its manufacturing plant in the Japanese southwestern city of Kyushu starting from 14 February 2020
Global Reports
10 February 02:28 PM L Brands in talks to sell Victoria’s Secret
Mubasher: L Brands is close to seal a deal to sell its Victoria’s Secret brand to private equity company Sycamore Partners.
Global Markets brief
9 February 06:32 PM Toyota partners with Panasonic to develop car batteries
Mubasher: The Car manufacturer Toyota has partnered with Panasonic to form the joint venture (JV), ‘Prime Planet Energy & Solutions’, to manufacture car batteries.
Goods and Metals
9 February 01:48 PM US not planning to acquire Nokia, Ericsson
The US government has denied it could buy controlling interests in Nokia and Ericsson, two of the main rivals to Huawei Technologies
Global Reports
9 February 12:13 AM VW may resume operations in China late February  
Mubasher: Volkswagen (VW) has postponed restarting production at its plants in China until 17 February 2020, as the coronavirus outbreak becomes fiercer.
Global Markets brief
OPEC producers may meet earlier than scheduled
8 February 05:50 PM Oman backs deeper oil output cut until June-end
Mubasher: Oman is supporting the recommendations made by an OPEC+ Joint Technical Committee (JTC) for a short, deeper oil output cut until the end of June, the GCC country’s oil minister Mohammed bin Hamad al-Rumhy announced, as Reuters reported …
Global Economy
7 February 08:13 PM Zimbabwean corn Imports hit 11-yr high amid drought, economic collapse
Mubasher: Zimbabwe’s white corn imports from South Africa hit its highest weekly level in 11 years, Bloomberg reported on Friday.
Global Markets brief
6 February 10:19 PM OPEC+ may propose more output cut as coronavirus impacts demand
Mubasher: OPEC+ JTC is set to propose a cut of 600,000 bpd in output, in response to the coronavirus’ impact on global energy demand.
Global Reports
6 February 01:17 PM Total, India’s AGEL to form joint venture at $500m
Mubasher: Total is expanding its partnership with Adani Green Energy Limited (AGEL), India's largest privately-owned energy and infrastructure conglomerate.
Global Reports
6 February 11:15 AM China to halve duties on some US imports worth $75bn
Mubasher: China announced that it will halve retaliatory tariffs imposed on hundreds of US goods worth $75 billion, CNBC reported on Thursday.
Global Reports
2 February 06:11 PM Global markets may return to fundamentals in 2020 –Emirates NBD
Mubasher: The global economy’s growth rate is expected to be close to its levels in 2019 with low inflation rates, announced Emirates NBD’s Maurice Gravier.
Global Markets brief
ADFD’s director-general Mohammed Al Suwaidi
5 February 11:03 PM ADFD funds AED 24.6bn projects in Africa
UAE – Mubasher: The Abu Dhabi Development Fund (ADFD) has pumped AED 24.6 billion in 40 African countries over the four past decades, the Emirates News Agency reported on Wednesday. The fund provided concessionary development funds worth AED 241 …
Macroeconomics
5 February 09:51 PM LinkedIn’s CEO to resign in June 2020
Mubasher: Professional networking platform LinkedIn’s CEO Jeff Weiner on Wednesday announced that it will leave his position as of 1 June 2020.
Global Reports
5 February 06:08 PM UK to ban diesel, gasoline cars by 2035
Mubasher: The UK government plans to bring forward the end of sales of the new diesel, petrol (gasoline), and hybrid vehicles by 2035.
Goods and Metals
5 February 05:16 PM Computational storage leader NGD raises $20m in Series C funding
NGD Systems raised $20 million in Series C funding round to speed up the production and deployment of the first NVMe CSD in the world.
Global Markets brief
No country worldwide suspended Chinese imports to date
5 February 02:23 PM Kuwait says no official ban on Chinese imports recommended to date
Mubasher: The World Health Organization (WHO) has not recommended any ban on food and beverage imports from China due to the coronavirus outbreak until the present time, Kuwait News Agency (KUNA) recently reported citing Reem Al Fulaij, a senior …
4 February 11:12 PM Siemens to pay $1.2bn for Iberdrola's stake in Siemens Gamesa
Mubasher: German multinational conglomerate Siemens has bought Spanish multinational electric utility company Iberdrola’s stake in Siemens Gamesa Renewable Energy (SGRE), Reuters reported on Tuesday.
Global Reports
4 February 08:11 PM Hyundai closes factories on coronavirus outbreak
Mubasher: Hyundai has shut down all of its factories in South Korea after running out of components from China due to the coronavirus outbreak.
Global Economy
4 February 04:54 PM Cisco appoints new MEA vice president
Mubasher: Cisco has appointed Reem Asaad as its new vice president for the Middle East and Africa region, according to the company’s recent press release.
Global Reports