International Markets

The US oil stocks continued to decline for the fifth consecutive week
20 September 10:31 AM Kuwait’s crude oil adds $1.18 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.18 to settle at $76.44 per barrel (pb) on Wednesday compared to $75.26 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices added 1%
19 September 10:05 AM Kuwait’s crude oil drops 43 cents – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 43 cents to settle at $75.26 per barrel (pb) on Tuesday compared to $75.69 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Last week, Kuwait’s crude oil …
EIA has expected the price of the shale oil in the US to increase in October
18 September 11:10 AM Kuwait’s crude oil adds 11 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 11 cents to settle at $75.69 per barrel (pb) on Monday compared to $75.58 pb in the previous session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global …
Oil production in the US registered 10.90 million barrels per day (bpd) last week.
13 September 10:35 AM Kuwait’s crude oil up to $76.66 pb on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 1.16 cents to settle at $76.66 per barrel (pb) on Wednesday compared to $75.5 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
12 September 10:51 AM Kuwait’s crude oil adds 62 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 62 cents to settle at $75.5 per barrel (pb) on Tuesday compared to $74.88 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
The futures contracts might be available for the benchmark ADX General Index
11 September 01:54 PM ADX mulls futures trading in 2019
Mubasher: The Abu Dhabi Securities Exchange (ADX) will join a race to introduce derivatives as Gulf bourses including Kuwait and Saudi Arabia put strategies in place to attract more investors. The UAE stock market has planned for launching trading …
Global oil prices declined on Monday
11 September 12:24 PM Kuwait’s crude oil up $1 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1 to reach $74.88 per barrel (pb) on Monday from $73.88 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices declined on …
The board explained that the reason for this move is to reduce the sector’s risks on the holding company
9 September 05:49 PM Saudi Chemical to transfer explosives sector to subsidiary
Riyadh – Mubasher: Saudi Chemical Co’s board has proposed transferring the firm’s explosives segment to its wholly-owned subsidiary Saudi Chemical Co. Ltd. The board explained that the reason for this move is to reduce the sector’s risks on the …
US oil inventories shrank by 2.6 million barrels in week
30 August 10:39 AM Kuwait’s crude oil drops 52 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 52 cents to settle at $73.74 per barrel (pb) on Wednesday compared to $74.26 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation. At the global level, oil prices …
Crude oil prices shrank on Wednesday
29 August 10:58 AM Kuwait’s crude oil rises to $74.26 pb on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 63 cents to reach $74.26 per barrel (pb) on Tuesday when compared to $73.63 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Oil stock inclined by 6.8 million barrels in week
16 August 11:14 AM Kuwait’s crude oil drops $1.34 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil declined by $1.34 to settle at $69.68 per barrel (pb) on Wednesday compared to $71.02 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Tamim and Erdogan discussed bilateral relations and regional matters
15 August 09:13 PM Qatar to invest $15bn in troubled Turkey
Mubasher: Qatar will pump investments of $15 billion in Turkey across a number of projects, as announced by Qatari Emir Sheikh Tamim bin Hamad Al Thani during his meeting with Turkish President Recep Tayyip Erdogan. The two leaders discussed …
Global oil prices declined
14 August 10:16 AM Kuwait’s crude oil adds 62 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 62 cents to settle at $70.53 per barrel (pb) on Monday compared to $69.91 pb in the prior session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, …
The banking sector topped the QSE’s losers declining 3.59%
13 August 11:54 AM Turkish lira poses threat to QSE’s banking sector
Mubasher: The Qatar Stock Exchange (QSE) has been affected adversely by Turkey's currency crisis. The Qatari bourse ended Sunday’s trading session in negative territory, after the general index fell 251.86 points, or 2.55%, to 9,635 points. The …
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 …
Emaar recently unveiled the Cove 1 in the region
18 September 2017 09:31 AM Emaar launches Address Harbour Point
Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …
Dana Gas Egypt’s production output grew by 13% during the first half of 2017
15 August 2017 04:02 PM Dana Gas to drill 3 new wells in Egypt
Abu Dhabi – Mubasher: Dana Gas on Tuesday said its receivables from the Egyptian government contributed to its profit growth during the first half of 2017. The Sharjah-based gas company also announced plans to drill three exploration wells on …
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16 July 2017 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 …
The port has a draft of up to 11 metres (tide free) and three 400-metre berths that can accommodate cruise vessels
6 July 2017 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 …