Global Economy

UAE most transparent among Arab peers, according to Transparency International
29 January 07:48 PM UAE most transparent among Arab peers; Saudi ranks 4th - Report
Dubai – Mubasher: The UAE ranked 26th among the world’s most transparent countries and those fighting corruption, according to Transparency International’s (TI) index for 2018. Among its Arab peers, the UAE came first in the ranking. According to …
Kuwait raised oil output by 29,000 barrels per day (bpd) in December 2018, against the current plans of the Organization of Petroleum Exporting Countries (OPEC).
17 January 06:15 PM Kuwait’s oil output hikes 29,000 bpd in December against OPEC’s cut plans
Mubasher: Kuwait raised oil output by 29,000 barrels per day (bpd) in December 2018, against the current plans of the Organization of Petroleum Exporting Countries (OPEC). The crude oil production of the Gulf nation rose to 2.80 million bpd last …
Four out of five UAE consumers believe that large organisations should respond immediately to their customers
17 January 04:43 PM 82% of UAE consumers demand immediate response from organisations – Avaya
Dubai – Mubasher: Four out of five UAE consumers believe that large organisations should respond immediately to their customers, according to research jointly conducted by Avaya Holdings Corp. and Davies Hickman Partners. Around 8,000 consumers …
The price of Kuwait’s crude oil tumbled $2.1 to $58.44 per barrel (pb) on Monday, against $60.54 pb on Friday, according to the Kuwait Petroleum Corporation (KPC).
15 January 11:22 AM Kuwait’s crude oil falls $2 pb on Monday
Mubasher: The price of Kuwait’s crude oil tumbled $2.1 to $58.44 per barrel (pb) on Monday, against $60.54 pb on Friday, according to the Kuwait Petroleum Corporation (KPC). Globally, oil prices slid by more than 1% on Monday, amid concerns of a …
UK supermarkets posted record sales of GBP 29.3 billion
8 January 04:17 PM UK grocers post GBP 29.3 bn in holiday sales – Kantar
Mubasher: UK supermarkets posted record sales of GBP 29.3 billion ($37.4 billion) over the 12 weeks to 30 December 2018, according to data released by consultancy Kantar. British grocery sales went up 1.6%, held back by lower inflation, although …
The service is expected to be completely restored gradually within a few days
2 January 2018 11:29 AM TE works to solve internet problem in Egypt, other countries
Cairo – Mubasher: Telecom Egypt (TE) has announced that it is working on resolving a problem regarding the internet efficiency in Egypt and some neighbouring countries. The service is expected to be completely restored gradually within a few days, …
Emaar Properties’ unit eyes global hotel portfolio expansion
19 November 2017 10:48 AM Emaar Properties’ unit eyes global hotel portfolio expansion
Dubai - Mubasher:  Oliver Harnisch, CEO of Emaar Hospitality Group, has said that the group intends to double its hotel portfolio four times by 2021. Harnisch explained that the Emaar Properties subsidiary  has 30 hotels under development in the …
Saudi Prince Alwaleed bin Talal is rumoured to be selling his hotels in Beirut
14 November 2017 08:12 PM Bin Talal’s Beirut hotels go up for sale
Riyadh – Mubasher: Saudi Prince Alwaleed bin Talal is rumoured to have put its luxury hotels in Beirut up for sale. “A Lebanese commercial bank has been commissioned to find buyers for the posh Four Seasons Hotel Beirut and Movenpick Hotel …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 2017 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …