International Markets

US oil output totalled 10.9 million bpd
21 June 10:01 AM Kuwait’s crude oil adds 63 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 63 cents to settle at $71.45 per barrel (pb) on Wednesday compared to $70.82 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Global oil prices declined with worries over changing the OPEC’s policy
20 June 10:34 AM Kuwait’s crude oil adds 87 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 87 cents to settle at $70.82 per barrel (pb) on Tuesday, compared to $69.95 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Brent crude oil added 2.4% to $75.22 pb
19 June 11:04 AM Kuwait’s crude oil drops $3.09 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 4.23% or $3.09 to settle at $69.95 per barrel (pb) on Monday compared to $73.04 pb on Thursday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, the …
The OPEC is expected to disclose on Tuesday its monthly report
12 June 12:58 PM Kuwait’s crude oil drops 36 cents – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 36 cents to settle at $73.13 per barrel (pb) on Monday compared to $73.49 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices grew during the trading of Thursday
7 June 11:24 AM Kuwait’s crude oil adds 18 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 18 cents to settle at $72.33 per barrel (pb) on Wednesday compared to $72.15 (pb) on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Global oil prices increased on Tuesday for the first time in four sessions
6 June 10:59 AM Kuwait’s crude oil drops 75 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 75 cents to settle at $72.15 per barrel (pb) on Tuesday compared to $72.9 pb on Monday, according to the latest data by Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
At the global level, oil prices increased on Tuesday
5 June 12:32 PM Kuwait’s crude oil drops 72 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 72 cents to settle at $72.9 per barrel (pb) on Monday when compared to $73.62 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
DGCX has traded over 9.3 million contracts so far this year
3 June 02:06 PM DGCX records monthly volumes as Shari'ah Spot Gold shines
Dubai ​- Mubasher: The Dubai Gold and Commodities Exchange (DGCX) has registered its best month ever in May, recording a volume of 2,163,598 lots at a value exceeding $46.11 billion, according to a recent statement. In May an average of 94,069 …
Saudi Aramco sets propane price at $560/tonne in June deals
31 May 12:14 PM Saudi Aramco sets propane at $560/tonne for June
Riyadh – Mubasher: Saudi Aramco on Thursday announced setting the price of propane at $560 per tonne for June contracts, up from $500 in May. Aramco’s propane price provides a benchmark for the Middle East’s sales of liquefied petroleum gas (LPG) …
Brent crude oil retreated by $1.35 to $75.09 pb
29 May 11:31 AM Kuwait’s crude oil drops $2.14 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $2.14 to settle at $71.48 per barrel (pb) on Monday compared to $73.62 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Globally, oil prices declined to …
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25 May 06:41 PM FDI in Tunisia grows 23% in Q1-18
Mubasher: Foreign direct investment (FDI) inflows to Tunisia rose in the first quarter of 2018 by 23% year-on-year, reaching a total $285 million. FDI amounted to $281 million, increasing by 24.5%, plus $4 million in portfolio investments, which …
Global oil prices declined by the end of Wednesday
24 May 11:16 AM Kuwait’s crude oil drops 70 cents on Wednesday
Mubasher: The price of Kuwait’s crude oil decreased by 70 cents to settle at $74.82 per barrel (pb) on Wednesday compared to $75.52 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). Globally, oil prices …
The price of the US crude oil decrease by the end of the trades
23 May 11:07 AM Kuwait’s crude oil adds 86 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 86 cents to settle at $75.52 per barrel (pb) on Tuesday compared to $74.66 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Globally, oil prices declined …
Investors are awaiting the possibility of imposing additional sanctions on Venezuela
22 May 10:26 AM Kuwait’s crude oil drops 46 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 46 cents to settle at $74.66 per barrel (pb) on Monday compared to $75.12 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Globally, oil prices grew to the …
18 May 04:48 PM Kuwait oil jumps $1.6 pb Thursday
Mubasher: The price of Kuwaiti oil surged by $1.64 per barrel (pb) on Thursday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude registered $75.06 per barrel (pb) yesterday, compared to $73.42 pb on the day before. In global …
Global oil prices rose on Tuesday
16 May 11:36 AM Kuwait’s crude oil adds $1.49 on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.49 to settle at $73.72 per barrel (pb) on Tuesday compared to $72.23 pb, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices rose in line …
Kuwait’s crude oil decreased to $72.23 per barrel
15 May 10:29 AM Kuwait’s crude oil drops 47 cents – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 47 cents to settle at $72.23 per barrel (pb) on Monday compared to $72.7 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
The service is expected to be completely restored gradually within a few days
2 January 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 …
The project will be the first major scheme involving the two state giants
25 October 2017 09:47 PM Aramco, SABIC receive bids for $20bn petrochemicals project
Riyadh - Mubasher: Saudi Aramco and Saudi Basic Industries Corp (SABIC) have reportedly received project management consultancy bids for a planned joint venture oil-to-chemicals project, industry sources told Reuters on Wednesday. The two Saudi …
Aramco is the biggest oil company in the world
24 October 2017 11:46 PM Aramco to decide on COTC with SABIC by year-end
Riyadh - Mubasher: Saudi Aramco expects to decide on the plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC) by the end of 2017, as reported by the Reuters. “We finished the feasibility. We are at a stage where we …
This acquisition step is expected to expand Investcorp’s geographic footprint
18 October 2017 05:06 PM Investcorp acquires UK Kee Safety in $370m deal
Mubasher: Investcorp announced its agreement on acquiring Dunedin’s stake in the UK-based Kee Safety for a total value of GBP 280 million ($370 million), according to a recent statement. Investcorp is a leading provider and manager of alternative …