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14 April 01:38 AM

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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 …
Event
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.
Global Reports
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.
Global Reports
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.
Global Reports
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.
Global Reports
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.
Global Reports
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 …
Global Economy
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, …
Banking and Finance
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.
Global Reports
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.
Global Reports
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.
Global Reports
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.
Global Reports
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.
Global Reports
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.
Global Reports
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.
Global Reports
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 …
Global Economy
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.
Global Reports
18 February 11:41 AM Credit Suisse moves to fourth-quarter loss
Credit Suisse turned to a better-than-expected loss in last year’s fourth quarter (Q4), driven by higher provisions for legal disputes.
Global Reports
17 February 02:08 PM Ford targets all-electric car lineup in Europe by 2030
Ford Motor Co will invest $1 billion in converting its vehicle production facility in Cologne, Germany.
Global Reports
17 February 01:49 PM Maersk to launch world's first carbon-neutral liner vessel in 2023
Maersk will accelerate plans to decarbonise sea-borne container shipping by putting the world’s first carbon-neutral vessel into operation in 2023.
Oil and Energy
The kingdom’s decision will apply only to contracts offered by the government.
16 February 12:16 PM KSA to cease contracting with foreign firms without regional HQ from 2024
Riyadh – Mubasher: Saudi Arabia will no longer sign contracts with foreign companies that do not have a regional headquarters in the kingdom after 2023, Reuters reported citing the Saudi Press Agency (SPA). The policy, which comes into effect on 1 …
Macroeconomics
14 February 02:21 PM Oxford University to test Covid-19 vaccine response among children
The University of Oxford launched a study to assess the safety and immune response of the Oxford/AstraZeneca vaccine in children for the first time.
Global Reports
10 February 01:58 PM Global trade's recovery expected to slow down in Q1-21
The recovery in global trade is expected to slow down again during Q1-2021.
Global Reports
10 February 01:43 PM Maersk helped by trade recovery, but misses expectations
A hike in demand for goods from locked-down consumers has sparked a jump in shipping rates, boosting Maersk’s profits.
Global Reports
9 February 12:26 PM Total records 66% lower profits in 2020 due to COVID-19
The net profits of France's Total plunged by 66% to $4.059 billion in 2020, compared to $11.828 billion in 2019.
Global Reports