Levant news

4 December 2018 02:39 PM Two UAE entities participate in Egypt’s 1st int’l defence exhibit

Egypt's first international defence exhibition has witnessed the participation of the UAE's s National Pavilion, comprising members and officials from Tawazun Economic Council

Global Markets brief

4 December 2018 02:36 PM DFM rises modestly Tuesday

DFM closed its first trading session in December with a positive performance after gaining 7.21 points

Global Indices

4 December 2018 02:22 PM French gov’t to halt fuel tax rise after fiery protests

The French government is poised to suspend a controversial fuel tax hike, which spurred widespread protests throughout the country for three weeks.

Global Reports

4 December 2018 01:59 PM Baker Hughes wins 3-yr well services contract from Aramco

Saudi Aramco, on Tuesday announced that it has awarded a major stimulation and well-testing contract

Global Reports

4 December 2018 01:19 PM Eurozone industrial producer prices rise 0.8% in October, EU28 0.7%

Industrial producer prices grew 0.8% in both of the Eurozone and 0.7% in the 28-member European Union (EU28) in October, compared to September.

Global Markets brief

4 December 2018 01:02 PM UK construction output growth hits 4M high in November

The UK construction sector activity saw a robust growth during November, a survey showed on Tuesday.

Global Markets brief

4 December 2018 00:24 PM Saudi Arabia’s bank lending hikes 1.7% in October – SAMA

Saudi Arabia's bank lending increased by 1.7% year-on-year, or SAR 24.14 billion ($6.44 billion), to SAR 1.43 trillion ($382.24 billion) in October

Global Reports

4 December 2018 00:20 PM Many Americans have not benefited from strong US economy- Powell

While US central bank made progress toward a “strong economy” with wage raises, many lower-income citizens were left behind.

Global Markets brief

4 December 2018 11:49 AM Dollar retreats on falling US bond yields, truce with China

US dollar fell as US Treasury yields dropped to three-month lows, which indicated for some traders that the Federal Reserve would slow rate hike pace.

Global Reports

4 December 2018 11:26 AM Abu Dhabi to implement AED 164m road projects

The Abu Dhabi City Municipality has said that it is currently implementing road projects with a combined value of AED 164 million

Global Markets brief

4 December 2018 11:16 AM Oil climbs on OPEC-led output cut prospects

Oil prices climbed on Tuesday, extending strong gains from the prior session, encouraged by prospects of supply cuts by OPEC.

Global Reports

3 December 2018 06:56 PM Shell to tie executive pay to carbon cutting targets

Oil and gas major Shell announced plans to set carbon emission targets next year and link them to executive bonuses.

Global Reports

3 December 2018 06:16 PM US factory activity climbs in October – ISM

Economic activity in the US manufacturing sector grew at a faster pace in November, while the overall economy advanced for the 115th straight month.

Global Reports

3 December 2018 05:58 PM Toyota, Honda sales in US drop in November

Sales of new Toyota and Honda cars in the US fell last November, the Japanese auto giants said on Monday.

Global Markets brief

3 December 2018 05:20 PM Made in Qatar Expo opens in Oman Monday

The event took place at the Oman Conference and Exhibition Centre

Global Markets brief

3 December 2018 05:15 PM Verizon, Samsung to launch 5G phones in US next year

Verizon and Samsung said on Monday that they plan to release fifth generation smartphones in the first half of the next year in the US.

Global Reports

3 December 2018 04:57 PM Unilever to acquire GSK’s India drink unit

Unilever on Monday said that it agreed to buy GlaxoSmithKline's Horlicks nutrition portfolio in India for EUR 3.3 billion ($3.73 billion).

Global Reports

3 December 2018 04:20 PM Apple to launch first 5G iPhone in 2020 – Report

Apple plans to wait until at least 2020 before releasing an iPhone which can connect to the next generation of high-speed phone services.

Global Reports

3 December 2018 03:44 PM China's manufacturing activity growth ticks up in November

Activity in Chinese factories expanded at a slightly faster momentum in November.

Global Reports

3 December 2018 03:01 PM Turkish inflation retreats from 15-yr high in November

Turkey's annual consumer price inflation slowed in November from a 15-year peak in October, driven by slower momentum across the consumer basket.

Global Reports

3 December 2018 01:59 PM Russia, Saudi Arabia to prolong OPEC+ accord – Putin

Russia and Saudi Arabia agreed to extend their accord to manage the oil market, known as OPEC+, into the next year.

Global Reports

3 December 2018 01:15 PM China to slash tariffs on US auto imports – Trump

US President Donald Trump said that China agreed to “reduce and remove” duties below the 40% level currently imposed on US-made vehicles.

Global Markets brief

3 December 2018 01:07 PM Emaar’s unit sells AED 2.2bn hotels to ADNH

Abu Dhabi National Hotels (ADNH) announced that it has purchased five hotels from Emaar Hospitality

Global Reports

3 December 2018 01:01 PM UK manufacturing activity growth picks slight momentum in November

UK's manufacturing sector activity growth marginally accelerated in November, a report released by IHS Markit and Chartered Institute of Procurement and Supply (CIPS) showed.

Global Markets brief