Local Economy

Global oil prices increased on Wednesday
19 July 01:59 PM Kuwait’s crude oil drops 61 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 61 cents to settle at $69.01 per barrel (pb) on Wednesday compared to $69.62 pb on Tuesday, according to recent data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices inclined by the end of Tuesday
18 July 12:44 PM Kuwait’s crude oil drops $2.17 on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $2.17 to settle at $69.62 per barrel (pb) on Tuesday compared to $71.79 pb on Monday, according to recent data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices declined on Monday
17 July 09:59 AM Kuwait’s crude oil ads 74 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 74 cents to settle at $71.79 per barrel (pb) on Monday compared to $71.05 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Nymex crude oil declined by 5%
12 July 10:12 AM Kuwait’s crude oil drops $1.61 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $1.61 to settle at $73.69 per barrel (pb) on Wednesday compared to $75.3 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices increased on Tuesday
11 July 11:54 AM Kuwait’s crude oil adds $1.2 on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.2 to settle at $75.3 per barrel (pb) on Tuesday compared to $74.1 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Non-oil exports shrank to KWD 8.05 million ($26.66 million) in May 2018
10 July 04:28 PM Kuwait’s non-oil exports shrink 21% in May
Mubasher: Kuwait’s non-oil exports registered a decline of 21% in May 2018 compared to the same month last year, according to a report by the trade and industry ministry of Kuwait. Non-oil exports shrank to KWD 8.05 million ($26.66 million) in May …
Global oil prices increased in line with the drop in production in Libya
10 July 09:49 AM Kuwait’s crude oil up 58 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 58 cents to settle at $74.1 per barrel (pb) on Monday compared to $73.52 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Both firms will work on boosting the production capacity of the power plant to 1,500 megawatts
8 July 01:08 PM Orascom Construction, Siemens to rebuild power plant in Iraq
Cairo – Mubasher: Orascom Construction Egypt will partner up with German industrial conglomerate Siemens to rebuild Baiji power plant in Iraq after it was destroyed by ISIS, Iraq's commercial attaché to Cairo Haidar Nouri Al-Jabr said. He added …
Gobal oil prices increased in line with worries over the crude supply
4 July 11:00 AM Kuwait’s crude oil drops 68 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 68 cents to settle at $74.14 per barrel (pb) on Tuesday, compared to $74.82 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
The Russian production of crude oil increased to 11.06 million pbd
3 July 11:11 AM Kuwait’s crude oil adds 16 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 16 cents to settle at $74.82 per barrel (pb) on Monday, compared to $74.66 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Kuwait’s crude oil increased to $73.14 pb
28 June 10:36 AM Kuwait’s crude oil adds $1.44 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.44 to settle at $73.14 per barrel (pb) on Wednesday compared to $71.7 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
KPC has offered 500,000 barrels of KSLC for the sale in Asia
27 June 04:10 PM KPC offers first tender to sell Super Light Crude in Asia
Mubasher: Kuwait Petroleum Corporation (KPC) has issued its first ever tender to offer a new grade of crude oil, Kuwait Super Light Crude (KSLC), in Asia, as reported by Reuters on Wednesday. KPC has offered 500,000 barrels of KSLC for the sale in …
Global oil prices rose by more than 3%
27 June 11:03 AM Kuwait’s crude oil adds 34 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 34 cents to settle at $71.70 per barrel (pb) on Tuesday compared to $71.36 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices declined by the end of Monday
26 June 09:59 AM Kuwait’s crude oil adds 64 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 64 cents to settle at $71.36 per barrel (pb) on Monday compared to $70.72 pb, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices declined …
US oil output totalled 10.9 million bpd
21 June 10:01 AM Kuwait’s crude oil adds 63 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 63 cents to settle at $71.45 per barrel (pb) on Wednesday compared to $70.82 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Global oil prices declined with worries over changing the OPEC’s policy
20 June 10:34 AM Kuwait’s crude oil adds 87 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 87 cents to settle at $70.82 per barrel (pb) on Tuesday, compared to $69.95 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Brent crude oil added 2.4% to $75.22 pb
19 June 11:04 AM Kuwait’s crude oil drops $3.09 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 4.23% or $3.09 to settle at $69.95 per barrel (pb) on Monday compared to $73.04 pb on Thursday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, the …
The OPEC is expected to disclose on Tuesday its monthly report
12 June 12:58 PM Kuwait’s crude oil drops 36 cents – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 36 cents to settle at $73.13 per barrel (pb) on Monday compared to $73.49 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices grew during the trading of Thursday
7 June 11:24 AM Kuwait’s crude oil adds 18 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 18 cents to settle at $72.33 per barrel (pb) on Wednesday compared to $72.15 (pb) on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Pearl Petroleum’s total investment surpassed $1.3 billion
21 March 03:00 PM Pearl Petroleum, KRG ink 10-yr gas agreement
Abu Dhabi - Mubasher: Pearl Petroleum, a five-company consortium led by Crescent Petroleum and Dana Gas, has signed a 10-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG). Under the deal, UAE-based Crescent Petroleum and …
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, …
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 …
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 …
QAR last recorded EGP 4.64 for selling and EGP 4.93 for buying on the bank's list
5 July 2017 09:14 PM ADIB - Egypt lifts QAR from its currencies
Cairo - Mubasher: Abu Dhabi Islamic Bank (ADIB) - Egypt has removed the Qatari Riyal from its exchange rates screen, as shown by the bank’s website. The QAR registered EGP 4.64 for selling and EGP 4.93 for buying in the bank’s trade on Tuesday. …