Commodities

The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
Kuwaiti crude oil prices reached $46.51 per barrel on Thursday
21 July 11:23 AM Kuwait oil up $0.74
Kuwait - Mubasher: The price of Kuwaiti oil went up by 74 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Prices reached $46.51 per barrel (pb) yesterday, compared to $45.77 pb on the day before, Kuwait News Agency (KUNA) …
Emirates operates 259 wide-body aircraft to 157 destinations, while flydubai operates 58 Boeing 737s to 95 destinations.
17 July 02:16 PM Emirates to form new partnership with Flydubai
Dubai – Mubasher: Emirates will form a partnership with FlyDubai aimed at allowing the companies to feed passengers onto each other’s flights, according to a statement. The deal will include network collaboration and coordinated scheduling at …
Photo Archive
16 July 10:05 PM KFH is world’s biggest in Sukuk issuance - Chairman
Kuwait - Mubasher: The chairman of Kuwait Finance House (KFH) said that the group is the biggest Sukuk issuer in the world, as demand is rising on the sharia-compliant product. Hamad Abdulmohsen Al Marzouk added in a statement issued on Sunday …
Kuwaiti crude oil registered $45.38 per barrel yesterday
15 July 01:32 PM Kuwait oil prices rise $0.86
Kuwait - Mubasher: The price of Kuwaiti oil increased 86 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $45.38 per barrel (pb) Friday up from $44.52 pb on Thursday, as reported by the Kuwait News …
By 7:20 am GMT, Brent crude futures edged up 0.02% to $48.43 per barrel (pb)
14 July 11:07 AM Oil prices up, high demand for crude expected on Friday
Mubasher: Oil prices rose during Friday’s trading activities, with investors’ expectations about international growth in demand for crude. By 7:20 am GMT, Brent crude futures edged up 0.02% to $48.43 per barrel (pb). NYMEX crude oil futures inched …
Kuwaiti crude oil registered $44.17 per barrel on Friday
8 July 04:43 PM Kuwait oil down $1.3
Kuwait - Mubasher: The price of Kuwait oil went down by $1.30 on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $44.17 per barrel (pb) on Friday, compared to $46.47 pb on Thursday, Kuwait News Agency …
The port has a draft of up to 11 metres (tide free) and three 400-metre berths that can accommodate cruise vessels
6 July 04:03 PM DP World Limassol to open new terminal
Dubai – Mubasher: A new terminal is scheduled to open in the summer at DP World Limassol port in Cyprus, according to a statement. Designed to accommodate the largest operating cruise vessels, the new terminal consists of seven pods with an …
Total will develop the world's largest gas field in Iran
5 July 05:52 PM Total inks deal on world's largest gas field in Iran
Mubasher: Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of the world's largest gas field. The French oil and gas giant said in a statement that the project will have a production …
Kuwaiti crude oil registered $44.27 per barrel on Friday
1 July 03:25 PM Kuwait oil up $0.17
Mubasher: The price of Kuwaiti oil increased by 17 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $44.27 per barrel (pb) yesterday compared to $44.10 pb on Thursday, Kuwait News Agency (KUNA) …
Kuwait is considered the third crude oil resource for Japan
30 June 07:25 PM Kuwaiti oil exports to Japan up 10% in May
Kuwait – Mubasher: Kuwait's crude oil exports rose 10.2% in May 2017 on an annual basis, recording the first growth in 4 months, according to Kuwait News Agency (KUNA). Kuwait is considered the third crude oil resource for Japan with overall …
Omani crude oil recorded $45.37 per barrel
28 June 01:39 PM Oman oil prices up 19 cents
Mubasher: The price of Oman oil futures for August delivery increased by 19 cents per barrel today, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $45.37 per barrel (pb) on Wednesday, …
Omani crude oil registered $45.18 per barrel
27 June 02:07 PM Oman oil prices up 51 cents
Mubasher: The price of Oman oil futures for August delivery went up by 51 cents per barrel today, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $45.18 per barrel (pb) onTuesday, compared …
Kuwaiti crude oil registered $43.73 per barrel
17 June 05:56 PM Kuwait oil up $0.57
Kuwait - Mubasher: The price of Kuwaiti oil increased by 57 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $43.73 per barrel (pb) on Friday, compared to $43.16 pb on Thursday, Kuwait News Agency …
The tender regarded the acquisition of 12.5%-protein wheat
12 June 03:17 PM KSA buys 805,000 tonnes of wheat
Riyadh – Mubasher: The Saudi Grains Organization (SAGO) has purchased 805,000 tonnes of wheat in an international tender at a value of SAR 812,480 ($216.66) per tonne. The tender regarded the acquisition of 12.5%-protein wheat and had closed on 9 …
Omani crude oil registered $47.26 per barrel on Monday
12 June 01:39 PM Oman oil prices up 54 cents
Mubasher: The price of Oman oil futures for August delivery went up by 54 cents per barrel today, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $47.26 per barrel (pb) on Monday, compared …
The mall includes a Carrefour Market on 1,178 square metres and will offer 117 parking spaces
11 June 12:42 PM Majid Al Futtaim to open new mall in Ras Al Khaimah
Dubai – Mubasher: Majid Al Futtaim plans to open its My City Centre Al Dhait worth AED 68.5 million in Ras Al Khaimah, UAE, next year, according to a statement. The shopping mall comprises 30 stores that span across 5,494 square metres, scheduled …