Top News

19 October 11:28 PM Oil narrows weekly losses
Crude inventories in the United States rose by 6.5 million barrels last week
19 October 04:05 PM P&G Q1 sales beat estimates
Mubasher: Procter & Gamble Co (P&G) on Friday reported a robust rise in sales for the first quarter of this year
19 October 02:35 PM UK public borrowing hits 11-yr low in September
Mubasher: The UK’s public sector net borrowing, excluding banks, slipped by GBP 800 million year-on-year in September to GBP 4.1 billion
19 October 01:07 PM China's Q3 GDP growth weakest since 2009
Mubasher: China’s economic growth slowed down to its weakest quarterly pace since 2009 amid escalating trade tensions between the country and the US.
19 October 12:00 AM Oil prices fall to 5 week-low
Nymex futures for November delivery dropped 1.6%
This free-of-charge ‘KFHTrade’ service will offer stocks trading
18 October 04:24 PM ‘KFHTrade’ free service to support GCC brokers, investors
Edited By: Ingy ElSafy Mubasher: Kuwait Finance House (KFH) has launched a new service ‘KFHTrade’ in collaboration with KFH Capital for investment Co, according to an official statement by the bank on Thursday. KFHTrade will offer high standards …
18 October 04:07 PM US job claims drop 5,000 in week
US job claims declined by 5,000 in the week ended 13 October recording 210,000 claims from 215,000 claims in the previous week.
18 October 02:47 PM Bank of New York Mellon’s revenues hit $4.07bn in Q3
Bank of New York Mellon Corp on Thursday reported a 1% increase in revenues, reaching $4.07 billion during the third quarter of 2018.
18 October 02:17 PM Bill Gates launches green-energy fund, to invest EUR100m in Europe
Bill Gates has announced launching a private green-energy and climate-change supporting fund called Breakthrough Energy ​​​​​​​Venture (BEV).
18 October 01:29 PM Volkswagen to start diesel car exchange programme
Volkswagen AG on Thursday stated that it will launch a programme in 14 cities to exchange old diesel vehicles with newer models.
18 October 01:04 PM CEO of Nestle's Zone AOA to leave on 31 December
Nestle SA on Thursday has said that CEO for Asia, Oceania and Sub-Saharan Africa zone Wan Ling Martello will step down after two months.
18 October 12:37 PM UK retail sales fall 0.8% in September
Retail sales in the UK levelled down 0.8% month-on-month in September, signalling that British consumers are slashing spending.
18 October 12:04 PM Australia’s unemployment rate drops to 5% in September
Australia’s unemployment rate decreased to 5% in September, compared to 5.3% a month earlier.
17 October 04:12 PM OPEC warns against mentioning oil prices
Officials are advised not to mention prices in order to avoid the risk of a legal action
17 October 04:11 PM US housing starts decline 5.3% in September
The US Commerce Department on Wednesday reported a 5.3% month-on-month drop in housing starts in September.
17 October 11:12 AM Oil edges up on surprise drop in US crude inventories
Oil rose due to a surprise drawdown in US crude stockpiles and supply fears triggered by geopolitical tensions the disappearance of a Saudi journalist.
17 October 12:05 AM Oil settles higher on undersupply fears
Iranian crude exports are declining to 1.5 million barrels per day
16 October 06:41 PM Will Man. United be acquired by Saudi Arabia?
Reports by British media claimed the football club is a target for investment by Saudi Arabia
16 October 01:00 PM UK jobless rate stabilises, wage growth accelerates in 3M
The number of working people barely changed between the period from March to May and that from June to August.
16 October 11:29 AM US shale oil output to rise 98,000 bpd in November
Oil production from seven US shale regions was set to jump by 98,000 barrels per day to a total of 7.714 million in November.
The new route's flights will be launched on Tuesdays and Fridays
16 October 11:00 AM Air Arabia launches new route to Sulaimaniyah
Dubai – Mubasher: Air Arabia has launched new destination to Sulaimaniyah, marking its fourth destination to Iraq and its 152th route globally.  Starting from 6 November, the Dubai-listed airline will provide two weekly three-hour flights to the …
15 October 11:45 PM Oil settles slightly higher as US, Saudi tensions eased
Oil settle slightly higher on Monday, as tensions between the US and Saudi Arabia over the disappearance of a prominent journalist seemed to ease.
15 October 03:40 PM US retail trade growth ticks up in September
Provisional reading indicated that US retailers saw a slight monthly growth of sales in September, official data revealed on Monday.
15 October 03:37 PM Bank of America logs $7.16bn profit in Q3
Bank of America Merrill Lynch on Monday posted a 32% year-on-year profit hike during the third quarter of 2018, logging $7.16 billion from $5.42 billion.
Zain Kuwait has started to invest in the infrastructure over the past two years
14 October 05:30 PM Zain Kuwait plans to launch 5G service end-2018
Mubasher: The Kuwaiti telecom company Zain intends to launch its first services and applications of the 5G internet by the end of 2018 in case all frequencies allocated for this service are completed, the CEO of Zain Kuwait Iman Al Rawdan told …