News Analysis

c’s employment hits 17-yr high in November
23 November 02:54 PM Euro zone’s employment hits 17-yr high in November
Mubasher: Employment in the euro zone soared in November, registering its highest level in 17 years, according to the data of Purchasing Managers’ Index, IHS Markit Flash Eurozone PMI. Eurozone PMI Composite Output Index hit 57.5 points in …
Japanese stock market is closed on Thursday
23 November 11:49 AM Japanese stock market is closed on Thursday
Mubasher: The Tokyo Stock Exchange is closed on the Labor Thanksgiving Day, and it will resume its trades Friday. Japan and other countries across the world celebrate the Labor Thanksgiving Day by the end of each year. By 08:07 am GMT, JPY price …
Electric vehicles sales jumped to a record high in the third quarter of 2017, backed by resurgent demand in China
21 November 04:24 PM Electric vehicle sales hit record high in Q3
Mubasher: Electric vehicles sales jumped to a record high in the third quarter of 2017, backed by resurgent demand in China. Sales of battery electric vehicles and plug-in hybrids surged 63% year-on-year to 287,000 units in Q3-17, according to …
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, …
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 …
Euro zone trade balance surplus surges in September on higher exports
15 November 05:21 PM Euro zone trade balance surplus surges in September on higher exports
Mubasher: Euro zone's trade balance surplus rose during September, exceeding the analysts’ expectations. The value of Euro trade balance surplus increased to Euro 25 billion in September, from Euro 21 billion in August, Eurostat’s data on …
US crude supplies to exceed highest crude market output – IEA
14 November 12:24 PM US crude supplies to exceed highest crude market output – IEA
Mubasher: The surge in oil and gas supplies from the US will be the largest growth seen in crude oil markets, International Energy Agency’s (IEA) annual report on Tuesday revealed. By 2025 the US oil production will equal Saudi production at its …
Photo Archive
13 November 04:11 PM UK to end ban on flights to Sharm El Sheikh
Cairo - Mubasher: The United Kingdom is planning to lift the ban on travelling to Sharm El Sheikh by February 2018, El Shorouk reported on Monday citing unnamed tourism sources. An alliance in the House of Lords supports the British government …
GCC oil, gas projects hit $331bn in November – Report
12 November 12:01 PM GCC oil, gas projects hit $331bn in November – Report
Dubai – Mubasher: The total value of 361 oil and gas projects in the GCC reached AED 1.21 trillion ($331.4 billion) in November, Trade Arabia reported, citing a report of BNC as saying. The number of oil and gas projects in the GCC nations …
Boeing had around 630 purchase orders in Middle East
11 November 05:31 PM Boeing sees Middle East as key market for growth - VP
Dubai - Mubasher: Boeing is expecting an increase in demand on commercial airplanes in the Middle East, said the company’s vice president of sales in the Middle East, Russia and Central Asia. Marty Bentrott added in a press conference in Dubai on …
Chinese gov’t expenses fall 8% in October – MoF
10 November 01:26 PM Chinese gov’t expenses fall 8% in October – MoF
Mubasher: China’s governmental financial expenses decreased 8% in October, compared to 1.7% in September, said the data of Ministry of Finance (MoF) of the People's Republic of China on Friday. The expenses of the State Council of the People's …
Kuwaiti oil barrel price decline 4 cents on Thursday
10 November 12:57 PM Kuwaiti oil barrel price decline 4 cents on Thursday
Mubasher: The price of Kuwaiti oil barrel dropped four cents in Thursday’s trading activities to reach $60.31, against $60.35 on Wednesday, data of Kuwait Petroleum Corporation (KPC) showed. In the international markets, crude oil prices rose in …
Bitcoin Cash surges 19% Friday
10 November 10:32 AM Bitcoin Cash surges 19% Friday
Mubasher: Bitcoin Cash currency surged 19% during Friday’s trading activities, registering its highest level since 20 August. By 7:05 am GMT time, the currency surged to reach $753.4. Bitcoin Cash’s market capitalisation value in the current time …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 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 …
21st Century Fox believes that focusing on news and sports would enable better competition
7 November 06:05 PM 21st Century Fox in talks over majority stake sale to Disney
Mubasher: 21st Century Fox has been in negotiations to sell a majority stake to Walt Disney Co. so that it could focus more on news and sports, which it believes have a more competitive edge, informed sources told CNBC. Talks have been ongoing …
The Saudi committee issued arrests for several current and former ministers and princes
6 November 12:57 PM US crude passes $56 pb on Saudi anti-corruption crackdown
Mubasher: Oil prices rose on Monday with US crude (Nymex) exceeding $56 per barrel (pb) for the first time since July 2015 on the back of news that Saudi Arabia had launched a series of arrests against former and current officials and princes in …
US weekly natural gas stockpiles rise by 65bn cu.ft
2 November 06:35 PM US weekly natural gas stockpiles grow by 65bn cu.ft
Mubasher: The US natural gas inventories rose during the previous week which was ended on 27 October by 65 billion cubic feet to reach 3,775 billion cubic feet, according U.S. Energy Information Administration’s (EIA) data Analysts’ expectations …
China’s PBC injects $75bn in banking system in October
1 November 02:34 PM China’s PBC injects $75bn in banking system in October
Mubasher: The People’s Bank of China (PBC) on Wednesday said it pumped CYN 498 billion ($75.05 billion) in the country’s banking system during October, through medium-term lending facilities. The interest ratio on medium-term lending facilities …
China manufacturing PMI hits 52 pts in October – Markit
1 November 12:50 PM China manufacturing PMI hits 52 pts in October – Markit
Mubasher: China’s manufacturing growth remained unchanged during October at 52 points, in line with analysts' forecasts, and a slight improvement occurred in manufacturing operating conditions, according to Caixin Purchasing Managers’ Index, known …
UAE rose to 21st, ranking highest among Arab countries
31 October 02:59 PM UAE, Saudi rise, Egypt slips in Nation Brands – Report
By: Nada Adel Sobhi Mubasher: Several countries have seen positive movements in the Brand Finance 2017 Nation Brands Report, while others have slipped or taken major falls such as Qatar and Bahrain. Globally, the US, China, Germany, Japan, the UK, …
[Gulf Banks’] quality of capital remains strong, says S&P Global Ratings
29 October 11:32 AM GCC banks’ capitalisation remains positive; some weighed by risky investments – S&P Global Ratings
Mubasher: Capitalisation has continued to be one of the positive rating factors for banks across the GCC, a new report by Standard & Poor’s (S&P) Global Ratings said. “After completing our latest tally of their risk-adjusted capital (RAC) ratios, …
Spain’s unemployment ratio declined to its lowest level in nine years during the third quarter of 2017
26 October 02:16 PM Spain’s unemployment ratio falls to lowest level in 9yrs during Q3
Mubasher: Spain’s unemployment ratio declined to its lowest level in nine years during the third quarter of 2017. The unemployed persons decreased by 182,600 person to reach 3.7 million persons in Q3-17. Quarter-on-quarter, Spanish unemployment …
Futures contracts would be settled in cash, as each contract will be matched with 100 basic shares.
24 October 08:25 PM UAE Futures attracts foreign money flow – Analysis
By: Mahmoud Gamal Dubai – Mubasher: The new UAE’s futures markets on Nasdaq Dubai’s platform will allow investors to hedge markets’ declines and help increasing foreign money flows. On Tuesday, Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai …
EBRD Director of Power and Energy Utilities Harry Boyd Carpenter
18 October 04:41 PM Egypt enjoys unique factors to invest in renewable energy - Interview
By: Moslem Ali Cairo - Mubasher: The European Bank for Reconstruction and Development (EBRD) has recently made the biggest single commitment in its history to renewable energy in one country to finance projects in Egypt. The bank’s board approved …
Photo Archive
16 October 05:39 PM Expenditure on environmental fuel reach $10.3bn - KNPC
Mubasher: The total volume of expenditure on the environmental fuel project amounted to KWD 3.1 billion ($10.25 billion), by until the end of September 2017, according to the CEO of the Kuwait National Petroleum Company (KNPC). Mohammad Al-Mutair …