Iraq news

Oil prices increase amid optimism of controlling the market
1 hour ago Oil prices rise amid optimism stronger OPEC control
Mubasher: Oil prices jumped during Tuesday’s trades ahead of initial data regarding US oil stockpiles, as investors welcomed the resolutions by the Organization of Petroleum Exporting Countries (OPEC) to impose further market control. By 10:43 am …
Oil prices declined in line with the anticipation for the OPEC meeting
4 hours ago Kuwait crude oil rises 70 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 70 cents to settle at $59.14 per barrel (pb) on Monday compared to $58.44 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
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12:29 AM Eni, BP interested in Iraq’s Majnoon field
Mubasher: The UK’s BP and Italy’s Eni have expressed their interest in developing the giant Majnoon oil field in Iraq, Reuters reported on Monday. Other oil companies are also keen on developing the field, which Royal Dutch Shell plans to leave …
Gold declined by more than $21 on Monday
12:26 AM Gold prices down 1.6% as USD rises
Mubasher: Gold prices dropped 1.6%, as the US dollar rose supported by the uncertainty regarding negotiations for forming a new government in Germany. The price of gold futures for December delivery lost more than $21.2 and reached $1,275.3 per …
Nymex futures reached $56.09 per barrel
12:22 AM Oil prices down Monday
Mubasher: Oil prices fell on Monday, amid a growing anticipation of the Organization of the Petroleum Exporting Countries (OPEC) summit, which will take place on 30 November. Nymex futures for December delivery fell 0.8% to the level of $56.09 per …
US Federal Reserve Chair Janet Yellen
20 November 11:20 PM Yellen to resign from Federal Reserve in February
Mubasher: US Federal Reserve Chair Janet Yellen announced on Monday that she will resign from the Board of Governors once Jerome Powell is confirmed and sworn in to replace her after her term expires next February. Although Yellen’s term would end …
Saudi crude imports registered 6.55 million barrel per day in September
20 November 07:03 PM Saudi oil imports down to 79M low - JODI
Riyadh - Mubasher: The Joint Organisations Data Initiative (JODI) revealed that Saudi oil imports declined to 6.55 million barrel per day, compared to 6.71 million barrels per day in August. Data showed that in September Saudi crude imports …
Toshiba to sell $5.4bn shares to avoid delisting
20 November 05:51 PM Toshiba to sell $5.4bn shares to avoid delisting
Mubasher: Toshiba on Monday announced that the company is planning to sell new shares valued at $5.4 billion to foreign investors so as to meet the company’s needs and avoid delisting. The Japanese company seeks to sell 2.28 billion shares valued …
Residents are predicted to spend up to $2.9 billion on super expensive cars
20 November 05:18 PM Luxury cars top UAE residents’ buying in 2017
Mubasher: GCC citizens have often made headlines with excessive spending, especially on luxury items. Most people often dream of having big fortunes and wonder what they would do if they won a lottery or got rich suddenly. For some in the GCC …
Qatar’s trade surplus with Japan hits 2017 high in October
20 November 02:24 PM Qatar’s trade surplus with Japan hits 2017 high in October
Mubasher: The trade surplus between Qatar and Japan increased 22.5% year-on-year in October, according to the monthly bulletin issued by the Japanese Ministry of Finance. The trade surplus reached its highest in October 2017 at JPY 97.57 billion …
Japan’s trade surplus plunged 40.7% year-on-year in October
20 November 12:20 PM Japan’s trade surplus down 41% in October
Mubasher: Japan’s trade surplus plunged 40.7% year-on-year in October, logging its fifth straight month of surplus, according to data by the Japanese Ministry of Finance. The world's third-largest economy achieved a surplus of JPY 285.4 billion …
Amazon, Facebook to invest in Saudi market later – AlRwais
20 November 12:16 PM Amazon, Facebook to invest in Saudi market – CITC
Riyadh – Mubasher: International companies such as Facebook and Amazon have asked to start investing in Saudi Arabia’s cloud computing sector, according to Abdulaziz AlRwais, the governor of the Saudi Communications and Information Technology …
Black Friday, Fed minutes top week’s global market events
19 November 04:35 PM Black Friday, Fed minutes top week’s global market events
By: Noha El Nahhas Cairo - Mubasher: Investors expect new important economic events this week, including which is slated for Friday, 24 November in the US, but has conclude in other parts of the world like China. Other events this week include the …
About 63% of the expats in Manama feel good about their job security
19 November 10:51 AM Manama leads world's best cities for expats - Survey
Mubasher: The Bahraini capital Manama topped the list of world’s best cities for expats, followed by Prague, Madrid, Kuala Lumpur, and Amsterdam in the Expat Insider 2017 survey.   As for the rest of the Gulf cities in the list, Muscat, Abu Dhabi, …
Emaar Properties’ unit eyes global hotel portfolio expansion
19 November 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 …
Kuwaiti crude registered $58.44 per barrel on Friday
18 November 08:39 PM Kuwaiti oil down 36 cents
Mubasher: The price of Kuwait oil went down by 36 cents on Frinday, according to the Kuwait Petroleum Corporation (KPC). Yesterday, Kuwaiti crude registered $58.44 per barrel, compared to $58.80 per barrel on Thursday, Kuwait News Agency (KUNA) …
The political situation in the US is affecting the Dollar
17 November 05:42 PM US’ Dollar to see 6yr-low - Morgan Stanley
By: Sally Ismail Mubasher: The American Dollar kept its weak performance against major currencies during Friday on the back of concerns regarding the tax reforms and negative expectations in relation to the US' currency. “The Dollar is threatened …
FlyDubai announced signing a $27-billion
16 November 07:33 PM Dubai Airshow 2017 marks $113.8bn deals
By: Amr Adel Dubai – Mubasher: Deals and agreements signed during the 15th round of the Dubai Airshow 2017 which concluded on Thursday marked a record high of AED 417.6 billion ($113.8 billion). The event, which is held once every two years in …
Officials from Mubasher Financial Services receiving the award during the event
16 November 06:09 PM Mubasher Financial Services awarded Best Brokerage in Middle East
Dubai – Mubasher: Mubasher Financial Services (MFS) has been awarded the “Broker of the Year” in the Middle East. The announcement was made in an annual event sponsored by The Global Investor Group magazine which celebrates the top companies in …
Eurozone inflation falls to 1.4% in October
16 November 05:33 PM Eurozone inflation falls to 1.4% in October
Mubasher: The eurozone’s consumer price index (CPI), known as inflation dropped to 1.4% in October, compared to 1.5% in September, Eurostat’s data revealed. Analysts’ expectations had forecast that the eurozone's inflation will reach 1.4% in …
Walmart’s revenues jumped 4.2% year-on-year
16 November 04:40 PM Walmart makes AED $1.75bn in net profits Q3
Mubasher: US-based Walmart Stores Incorporation on Thursday reported net profits of $1.75 billion in the third quarter of the fiscal year 2017/2018, compared to AED 3.03 billion in the year-ago period. Despite the profit decline, Walmart’s …
Global oil prices decreased on Wednesday
16 November 02:24 PM Kuwait crude oil drops 94 cents Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 94 cents to settle at $58.54 per barrel (pb) on Wednesday from $59.48 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). Global oil prices decreased …
Alibaba falls to 3rd on China’s rich list
16 November 01:59 PM Alibaba founder falls to 3rd on China’s rich list
Mubasher: Although his net worth jumped to $38.6 billion, Alibaba’s Jack Ma, the founder of China’s largest e-commerce company, fell to the third place on China’s rich list. Hui Ka Yan, the real estate magnate, topped of the list with $42.5 …
Passenger cars’ sales in Euro zone grew 5.9% year-on-year to reach 1.2 million cars in October
16 November 12:15 PM Auto sales in Eurozone go up 6% in October
Mubasher: Passenger car sales in the Eurozone grew 5.9% year-on-year to reach 1.2 million cars in October, whereas it registered a 2% decrease in September. The increase was attributed to sales’ rise in Spain, France, and Italy, according to …
Oil prices reached two-year high last week
15 November 11:57 PM Oil prices down fourth day in row
Mubasher: Oil prices declined on Wednesday, due to the unexpected rise in US stockpiles, signaling an end to an upwards rally in crude prices last week. Nymex futures went down by 0.7% to the level of $55.33 per barrel, its lowest close in nearly …