Levant news

26 November 2018 10:23 PM Gold prices end Monday down

Prices of the precious metal were also affected by the outcome the Group 20 Summit 2018

Global Reports

26 November 2018 07:52 PM Goldman Sachs says commodities to jump 17% coming months

Goldman Sachs on Monday revealed that its commodities are expected to hike 17% over the coming months

Global Reports

26 November 2018 07:12 PM Internal Facebook documents seized by UK parliament

The internal documents include confidential emails in relation to Facebook's data

Global Markets brief

26 November 2018 04:06 PM UAE banks boost investments in gov't bonds — Analysis

Banks operating in the UAE have increased their investments in the GCC nation’s government bonds by 0.58% year-on-year in the first 10 months of 2018.

Global Indices

26 November 2018 03:02 PM Barclays names Jean Damien as head of investments in EMEA

Barclays on Monday announced that it has appointed Jean-Damien Marie as head of investment in Europe, the Middle East and Africa (EMEA).

Global Reports

26 November 2018 02:53 PM Theresa May's Brexit deal may pass parliament - UK lawmaker

Sarah Wollaston said on Monday that it is not “remotely possible” that May's Brexit draft would pass the House of Commons in a crucial vote.

Global Reports

26 November 2018 02:32 PM Russia detains 3 Ukrainian ships in Black Sea

Russian authorities have seized three Ukrainian naval ships off the coast of Russia-annexed Crimea.

Global Reports

26 November 2018 02:00 PM China's CNPC replaces France's Total in Iranian gas project

Iranian Oil Minister Bijan Zanganeh on Sunday said that CNPC has replaced Total in Iran's South Pars gas project

Global Reports

26 November 2018 01:51 PM Carlos Ghosn hires US law firm, denies charges

Global Markets brief

26 November 2018 01:31 PM Germany’s Wintershall wins 10% stake in Adnoc’s Ghasha gas concession

ADNOC has awarded Germany’s Wintershall Holding GmbH a 10% stake in the Ghasha ultra-sour gas megaproject.

Oil and Energy

26 November 2018 11:44 AM German businex client index “Ifo” falls in November

Sentiment among German companies eased in November after the Ifo Business Climate Index fell to 102.0 points

Global Reports

26 November 2018 10:50 AM US online sales hit record-highs on Black Friday, Thanksgiving Day

Black Friday online sales in the US hit record highs last week, while a lower number of shoppers went to physical stores

Global Reports

26 November 2018 09:54 AM Venezuela strikes $1.4bn deal to retain control of Citgo Petroleum

Venezuela has reached a $1.4 billion agreement with Crystallex International in a bid to retain control of Citgo Petroleum Corporation.

Oil and Energy

26 November 2018 09:22 AM Oil pares some losses but remains under $60 pb

Oil prices have recovered some losses early on Monday after around 8% drop on Friday, but remain under a downward pressure.

Global Markets brief

26 November 2018 09:20 AM UK’s Rio Tinto to sell majority uranium stake for $106.5m

UK-based Rio Tinto on Monday announced plans to sell its stake in Namibian uranium mine Rössing Uranium Ltd to a Chinese buyer.

Global Reports

26 November 2018 09:05 AM General Motors to close Canada plant in cost-cutting bid

General Motors Co. (GM) is planning to shut down its manufacturing operations in Canada.

Global Markets brief

25 November 2018 02:40 PM GE to build $600m power project in Iraq

Trade Bank of Iraq (TBI), Standard Chartered and US industrial conglomerate General Electric have signed a $600 million loan agreement

Global Reports

25 November 2018 01:39 PM Deezer eyes overcoming MENA rivals in Arab music industry

French music streamer Deezer has revealed plans that it will focus on domestic Arab content in the Middle East and North Africa (MENA) region

Global Economy

25 November 2018 00:10 PM Bin Salman to visit Bahrain as part of regional tour

Saudi Crown Prince Mohammed bin Salman is set to visit the kingdom of Bahrain on Sunday, Bahrain News Agency (BNA) reported.

Global Reports

23 November 2018 10:58 PM Oil prices down for 7th week in row

Nymex futures for January delivery dropped 7.7%

Oil and Energy

23 November 2018 09:49 PM Gold prices narrow gains on Black Friday

Gold futures for December delivery went down 0.4%

Goods and Metals

23 November 2018 05:30 PM US firms move production overseas to circumvent Trump tariffs–UBS

US companies are evading goods tariffs levied by Trump by partially switching their production abroad, shielding China from the impact of a flaring trade conflict.

Global Reports

23 November 2018 04:52 PM US gov’t likely to meet Volkswagen, Daimler heads next week

The US administration would probably meet the heads of Volkswagen and Daimler in the middle of next week to discuss trade policy.

Global Reports

23 November 2018 04:28 PM China resumes Iran oil purchases in November – Report

China, the largest importer of Iranian oil, reportedly continued its crude purchases from the oil-rich nation, after a one-month hiatus, a news report said.

Global Reports