International Markets

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) …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
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 …
The UAE led the list of the countries that implement infrastructure projects with $427 billion
14 July 06:05 PM UAE, Saudi top states in infrastructure projects – BMI
Mubasher: The UAE led the list of the countries that implement infrastructure projects with $427 billion, according to a report by Business Monitor International (BMI). Saudi Arabia ranked second with a value of $328 billion, while Egypt ranked …
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 …
German exports amounted to EUR 108 billion
10 July 06:59 PM German exports hit record high in May
Mubasher: German exports surged to a new record high in May, reflecting a recovery in global demand since the beginning of the year. According to a report issued by the Federal Statistical Office of Germany (Destatis) on Monday, the value of …
The e-Dirham system registered a total of 10.8 million transactions in Q2-17
10 July 02:41 PM UAE e-Dirham service revenues rise 25% in Q2-17
Dubai – Mubasher: The UAE governmental e-Dirham services reported a growth of 25% in revenues to AED 2.54 billion during the second quarter of 2017, compared to the same period a year ago. The e-Dirham services executed on the website amounted to …
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 …
7 July 01:27 PM France to ban petrol, diesel vehicles by 2040 – Minister
Mubasher: France is planning to ban the use of all petrol and diesel-fuelled vehicles by 2040, The Independent reported, citing French environment minister Nicolas Hulot as saying. The minister’s announcement coincided with the uncovering of a …
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 …
QAR last recorded EGP 4.64 for selling and EGP 4.93 for buying on the bank's list
5 July 09:14 PM ADIB - Egypt lifts QAR from its currencies
Cairo - Mubasher: Abu Dhabi Islamic Bank (ADIB) - Egypt has removed the Qatari Riyal from its exchange rates screen, as shown by the bank’s website. The QAR registered EGP 4.64 for selling and EGP 4.93 for buying in the bank’s trade on Tuesday. …
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 …
The Central Bank of Egypt
5 July 04:59 PM CBE sees record-high FX outcome Tuesday
Cairo - Mubasher: The Central Bank of Egypt (CBE) said that foreign exchange inflows surged in the last two days to more than $1.1 billion, a source in the central bank told Middle East News Agency (MENA). The CBE recorded its highest outcome of …
The USD fair value against the pound currently stand at EGP 14
4 July 11:58 PM EGP appreciation could ease inflation pressure - Report
Cairo - Mubasher: The Egyptian pound reached its highest level against the US dollar since April, and a recent report by Renaissance Capital assumes current account trends are supportive of the currency. “Letting the currency strengthen may be …
Libya and Nigeria accounted for half of this rise in OPEC's output
4 July 06:20 PM OPEC’s production up to highest level in 2017
Mubasher: The production of the Organization of the Petroleum Exporting Countries (OPEC) reached its highest level this year in June, as member nations exempt from output curbs increased. OPEC member countries raised their oil production by …
The Qatari riyal's exchange rate against the US dollar is stable, the Qatar Central Bank (QCB) said
4 July 12:39 PM QAR-USD exchange rate remains stable – QCB
Doha – Mubasher: The Qatari riyal's exchange rate against the US dollar is stable, the Qatar Central Bank (QCB) said. Exchanging the QAR in Qatar and abroad will be at the official price, based on data, the QCB added. Qatar’s central bank said it …
Egyptian foreign exchange reserves hit its highest level since 2011, reaching $32 billion
4 July 01:38 AM USD inflows leveraged EGP exchange rate - Analysts
By: Fahd Omran Cairo - Mubasher: The Egyptian pound saw its highest daily rise against the US dollar in five months, as went up by between 5 to 15 piasters. On Monday, the USD-EGP exchange rate registered between EGP 17.9 and EGP 18 for selling. …
Fitch expects a greater inflow from foreign investors to the Egyptian market
4 July 12:02 AM Lifting currency transfer limits to support Egypt’s economy - Fitch
Cairo - Mubasher: Egypt's removal of foreign currency transfer limits will help restore confidence in the economy and attract more foreign investments, according to a recent report by Fitch Ratings. This will also help in increasing the …
Egyptian international reserves reached its highest level since 2011
3 July 06:48 PM Egypt’s foreign reserves reach $32bn - IDSC
Cairo - Mubasher: A recent report by the Egyptian Cabinet's Information and Decision Support Center (IDSC) said that foreign exchange reserves increased to $32 billion, its highest level since 2011. Regarding inquires about the recent rise in fuel …
Last week, Maersk was hit by a ransomware attack
3 July 04:12 PM Maersk restores online systems after cyber-attack
Mubasher: AP Moller Maersk has announced that it has restored its applications and IT systems, which were recently hit by a cyber-attack. "Today, we can finally reopen our key applications," the Danish shipping company said in a statement on …
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) …