International Markets

Turbulences in global financial markets will need to be tackled along the way
1 hour ago BIS calls on central banks to hike rates
Mubasher: The Bank for International Settlements on Sunday called on the world's major central banks to increase interest rates. Turbulences in global financial markets will need to be tackled along the way, Reuters reported, citing the BIS, which …
(Photo credit: Radio Free Europe)
12:42 PM Alternative to Qatar demands 'not escalation but parting ways' says UAE minister
Early on Saturday, a top UAE official stated that if Qatar failed to accept the ultimatum issued by Arab states against it, then the alternative would "not [be] escalation but parting ways", Reuters reported. "The alternative is not escalation, …
Lawmakers failed to access their emails away from Westminster
12:02 PM UK lawmakers suffer cyber security attack – AP
Mubasher: One month after the ransomware attack crippled the UK's health service, a new attack was launched against the British parliament on Saturday, The Associated Press reported. Hackers attempted to gain access to email accounts, officials …
The report predicted that only nine countries will form half of the world's population by 2050
23 June 04:38 PM UN raises world population forecasts to 9.8bn by 2050
Mubasher: The world's population is expected to grow to 8.6 billion by 2030, 9.8 billion by 2050 and 11.2 billion by 2100, mainly driven by Africa's rising populations, according to The United Nations' (UN) forecasts. The UN adjusted its previous …
The relocation will result in hundreds of jobs leaving London
23 June 03:51 PM EU to relocate 2 agencies from London
Mubasher: The European Union (EU) on Friday announced it would move the European Medicines Agency (EMA) and European Banking Authority (EBA) out of London by the Brexit deadline, set on 30 March 2019, according to BBC News. The EU will hold a …
The Minister of Investment met with representatives from British companies operating in Egypt
20 June 06:09 PM Egypt saw $43bn of British investments last decade
Cairo - Mubasher: The Egyptian minister of investment and international cooperation said that the investments of British companies in Egypt reached $43 billion in the last ten years. Sahar Nasr added on Tuesday that British companies expressed …
Qatar sees sharp FDI drop in 2016 - UNCTAD
19 June 05:23 PM Qatar sees sharp FDI drop in 2016 - UNCTAD
Doha – Mubasher: Foreign direct investment (FDI) in Qatar dropped during 2016, according to a report issued by the United Nations Conference on Trade and Development (UNCTAD). FDI in the Gulf state reached $774 million in 2016, compared to $1.071 …
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 …
Deputy Finance Minister for fiscal policies, Amr Al-Munir
16 June 11:01 AM Egypt signs international tax evasion deal
Cairo – Mubasher: Deputy finance minister for fiscal policies, Amr Al-Munir, signed an international multilateral agreement to prevent tax evasion across the globe, according to a statement. Representing Egypt, he signed the agreement at the …
The Central Bank of Egypt
14 June 04:37 PM CBE removes limits on foreign currency transfers
Cairo - Mubasher: The Central Bank of Egypt (CBE) has decided to lift all the barriers on transferring foreign exchange abroad. The CBE added in a statement on Wednesday that it has lifted all limits of foreign currency transfers, which previously …
Egypt fuel consumption hits 91m tonnes in 2016
14 June 03:46 PM Egypt fuel consumption hits 91m tonnes in 2016 - BP
Cairo – Mubasher: Egypt’s consumption of various energy resources rose 4.7% to reach 91 million tonnes of oil equivalent in 2016, compared to 86.7 million tonnes in 2015, according to a report issued by Britain’s BP. Egypt’s oil consumption …
Crude oil, fuel shipping costs from Qatar rise on port ban
13 June 05:06 PM Crude oil, fuel shipping costs from Qatar rise on port ban
Doha – Mubasher: The costs to ship fuel and crude oil from Qatar are expected to rise after the UAE banned Qatar’s vessels from docking at its ports, Reuters reported, citing sources from the two sectors. Rates are now expected to reach between 75 …
KSA to double natural gas supplies to boost facility operations
13 June 12:57 PM KSA to double natural gas supplies to boost facility operations - Al Falih
Riyadh –Mubasher: The Kingdom of Saudi Arabia aims to double natural gas supplies during the coming decade to raise the level of natural gas utilisation at its public facilities to 70%, Saudi Press Agency (SPA) reported, citing the Saudi minister …
British Prime Minister Theresa May
12 June 07:20 PM British election results to delay Brexit talks - Moody's
Mubasher: Moody's Moody's Investors Service said on Monday that the inconclusive election result in the United Kingdom is likely to delay negotiations about the country's exit from the European Union which could be negative for Britain's credit …
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 …
Oil inventories decline to pick up in next 3M
11 June 01:57 PM Oil inventories decline to pick up in next 3M - Al Falih
Riyadh – Mubasher: The decline in crude oil inventories will accelerate in the next three to four months, Reuters reported, citing Saudi Arabia's minister of energy, industry, and mineral resources, Khalid Al Falih. Al Falih said on Sunday that …
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 …
El-Sisi to attend G20 summit in Germany
11 June 12:31 PM El-Sisi to attend G20 summit in Germany
Cairo – Mubasher: President Abdel Fattah El-Sisi will head to Germany on Sunday to attend the G20 summit under the theme "Investing in a common future”, according to a presidential statement. At the summit, Germany will launch an initiative for …
The Saudi minister of energy, industry and mineral resources, Khalid Al-Falih
10 June 11:34 AM Qatar crisis will not affect OPEC deal - Al Falih
Riyadh - Mubasher: The Saudi minister of energy, industry and mineral resources has ruled out any effect from the diplomatic crisis with Qatar on the OPEC output agreement, as reported by RT. Khalid Al-Falih also told reporters in Astana, the …
Brent crude futures rose 0.3% to $48 per barrel
9 June 12:40 PM Oil prices turns to gains on Friday
Mubasher: Oil prices turned to gains on Friday, after two sessions of sharp drops. By 10:40 am GMT, Brent crude futures rose 0.3% to $48 per barrel, while the West Texas Intermediate (WTI) futures added 0.3% to $45.80 per barrel.
Qatar provides about a third of global demand for LNG
8 June 06:53 PM Qatar gas exports not impacted by tie-break - Report
By: Eman Ghaly Doha – Mubasher: Four days after Saudi Arabia, Egypt, Bahrain, and the UAE severed diplomatic relations with Qatar, and closed land and sea ports, major global firms that receive Qatar’s liquefied natural gas (LNG) have said that …
KSA, UAE, Bahrain banks withdraw deposits from Qatar
8 June 03:07 PM KSA, UAE, Bahrain banks withdraw deposits from Qatar
Doha – Mubasher: Some banks operating in Saudi Arabia, Bahrain, and the UAE have withdrawn their deposits from Qatari banks and have stopped trading on bonds and in Qatari riyal, amid fears of increased pressure from Gulf states, sources told …
The company launched in 2016 Vincitore Palacio project in Al Barsha South - Arjan Area
8 June 01:04 PM Vincitore Real Estate unveils new project in Dubai
Dubai – Mubasher: Vincitore Real Estate Development announced the launch of Vincitore Boulevard in Dubai, according to a press release. Comprising 216 residential units, the 173,337-square metre project is scheduled for completion in April 2019. …
This comes after the the blockade imposed on Qatar by Arab countries
7 June 05:58 PM Evergreen, OOCL suspend shipping services to Qatar
Mubasher: Taiwan-based Evergreen Company and Hong Kong's OOCL announced on Wednesday they had suspended shipping services to the state of Qatar after Arab countries cut diplomatic ties with Qatar and imposed port restrictions, as reported by …