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Egypt's oil output reached 19.8 million barrels in January
3 hours ago Egypt’s oil output reach 171m barrels in 9M – Survey
By: Heba El-Kordy Cairo – Mubasher: Egypt’s crude oil production declined by 2.97% year-on-year to 170.9 million barrels during the first nine months of 2019, down from 173.8 million, according to statistics conducted by Mubasher based on data …
Total oil production reached 18.87 million during September
19 November 03:37 PM Egypt’s daily oil output hits 5-month high in September
By: Heba El-Kordy Cairo – Mubasher: Oil production in Egypt increased by about 17,000 barrels per day (bpd), or 2.7%, month-on-month in September, registering the highest daily oil output since April 2019. The North African nation’s oil output …
Not only developed economies can benefit from intelligent connectivity
19 November 12:12 PM Intelligent connectivity catalyst for GDP growth – Huawei Report
Mubasher: A recent report by Huawei showed that countries with scores over 65 on the Global Connectivity Index (GCI) that made continuous investment in intelligent connectivity can expect a boost in the gross domestic product (GDP) by more than …
Brent futures closed Monday lower by 50 cents
19 November 10:17 AM Kuwait crude oil adds 77 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 77 cents on Monday to settle at $64.73 per barrel (pb) from $63.96 pb on Friday, according to the latest data by Kuwait Petroleum Corporation (KPC). At the global level, Brent futures closed …
Bundesbank
18 November 05:38 PM No signs for recession in Germany - Bundesbank
Mubasher: Economic growth in Germany is expected to remain weak during the fourth quarter (Q4) of 2019, according to the German central bank (Bundesbank), Reuters reported. Nevertheless, Bundesbank sees no reason to fear a recession with signs …
Visitors will be allowed to test new services at the new concept store
18 November 03:03 PM Renault City debuted in France
Mubasher: French automobile manufacturer Groupe Renault has opened its debut ‘Renault City’ concept store in the heart of a major shopping area in partnership with the Sofibrie Group (Havard family). Situated in Val d'Europe shopping centre in …
The EGP rose to record levels on the back of cutting interest rates
17 November 04:05 PM USD likely to reach EGP 15.9 in H1-20 – Beltone analyst
By: Ahmed Allam Cairo – Mubasher: The Egyptian pound exchange rate is expected to stand at EGP 15.9 against the US dollar during the first and second quarters of 2020, a senior analyst at Beltone Financial, Alia Mamdouh, said.  On the sideline of …
Exchange companies registered profits of KWD 13.77 million by September
12 November 12:43 PM Kuwaiti exchange companies’ profits down 4% in 9M
Mubasher: Foreign exchange companies in Kuwait saw a 4% decrease in net profits during the first nine months of the year, according to a statement by the Central Bank of Kuwait (CBK). Exchange companies registered profits of KWD 13.77 million …
The US Nymex for December inched down by 0.5%
30 October 09:57 AM Kuwaiti oil falls to $61.76 on Tuesday
Mubasher: The price of Kuwait’s crude oil fell in Tuesday's trading session amid concerns over trade developments. Oil prices decreased by $0.73 to $61.76 on Tuesday, compared to $62.49 on Friday, according to recent data by Kuwait Petroleum …
December Brent futures went down by 0.4%
24 October 10:18 AM Kuwaiti oil rises 80 cents on Wednesday - KPC
Mubasher: The price of Kuwait’s crude oil inched up $0.80 to $60.88 per barrel on Wednesday when compared to $60.08 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC). Globally, oil prices were down during …
Global Brent crude oil futures inched up by 74 cents
23 October 12:55 PM Kuwaiti oil sheds 42 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 42 cents to $60.08 per barrel (pb) on Tuesday when compared to $60.50 pb a day earlier, according to the latest data by the Kuwait Petroleum Corporation (KPC). Meanwhile, the global Brent …
Brent futures for December edged down by 0.08% to $58.91 pb
22 October 10:17 AM Kuwaiti oil retreats to $60.5 pb on Monday - KPC
Mubasher: The price of Kuwait’s crude oil fell by 50 cents to $60.5 per barrel (pb) on Monday, 21 October, when compared to $61 pb on Friday, according to the official prices of Kuwait Petroleum Corporation (KPC). The global prices decreased on …
surveillance cameras may represent 70% of the 5G IoT endpoint installed base in 2020
21 October 11:37 AM Outdoor surveillance cameras may be largest market for 5G IoT Solutions - Gartner
Mubasher: Gartner Inc. expected outdoor surveillance cameras to become the biggest market for 5G Internet of Things (IoT) solutions across the world during the coming three years.     Surveillance cameras are forecast to represent 70% of the 5G …
Prime London residential property values are forecast to show recovery
17 October 04:28 PM Savills: Outbound investment in real estate from Middle East rises 62%
Mubasher: Investment in the global real estate market is showing faster growth than any other region, while outbound investment in properties from the Middle East region has soared by 62% during the first half of 2019, Savills said. In a …
MBZUAI Board of Trustees launching the world’s first graduate level AI university
17 October 11:17 AM UAE launches ‘MBZUAI’ as 1st research-based AI university in world
Mubasher: Abu Dhabi has announced the establishment of the first graduate level, research-based artificial intelligence (AI) university in the world. UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), located in Masdar City, …
Global oil prices edged higher by 1%
17 October 10:33 AM Kuwaiti oil drops 60 cents on Wednesday – KPC
Mubasher: The price of Kuwait's crude oil decreased by 60 cents to $60.01 per barrel (pb) on Wednesday, compared to $60.61 pb a day earlier, according to the official prices by Kuwait Petroleum Corporation (KPC). Globally, oil prices edged higher …
The USD retreated to USD 16.18 for buying at AAIB
16 October 04:46 PM USD edges down against EGP at banks on Wednesday
Cairo – Mubasher: The US exchange rate slightly fall against the Egyptian pound on Wednesday at several local banks. The USD went down by EGP 0.01 to EGP 16.18 for buying and EGP 16.28 for selling at the National Bank of Egypt (NBE) and Banque …
Total grain production dropped to 17.9 million tonnes
16 October 01:41 PM Egypt’s wheat output hits 8.6m tonnes in FY17/18 – CAPMAS
Cairo – Mubasher: Wheat production in Egypt rose by 1.6% year-on-year during fiscal year 2017/2018, the Middle East News Agency (MENA) reported on Wednesday.  The North African nation’s wheat output increased to 8.6 million tonnes in FY17/18, …
Global oil prices slid by 1.5% on Tuesday
16 October 10:54 AM Kuwaiti oil declines 53 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil fell by 53 cents to settle at $60.61 per barrel (pb) on Tuesday when compared to $61.14 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC).    Globally, oil prices …
Global oil prices retreated by 2%
15 October 04:48 PM Kuwait crude oil drops 54 cents on Monday – KPC
Mubasher: The Price of Kuwait’s crude oil declined by 54 cents to settle at $61.14 per barrel (pb) on Monday when compared to $61.68 a barrel on Friday, according to the latest data by Kuwait Petroleum Corporation (KPC). At the global level, oil …
The USD dropped to EGP 16.24 for buying ADIB
15 October 02:12 PM USD falls against EGP at banks on Tuesday
Cairo – Mubasher: The US dollar exchange rate has continued to slide against the Egyptian pound on Tuesday at several local banks.  The USD declined by EGP 0.03 to EGP 16.19 for buying and EGP 16.29 for selling at the National Bank of Egypt (NBE) …
Iraq came in the second place with a 4.3% economic growth rate
14 October 02:32 PM Egypt’s Q2 economic growth fastest in MENA – Cabinet
Cairo – Mubasher: Egypt’s economy posted the highest quarterly growth rate in the Middle East and North Africa (MENA) region at 5.7% during the second quarter of 2019, according to data released by the cabinet’s media centre on Monday. Iraq came …
DAFZA achieved a large trade surplus of over AED 11 billion in H1-19
14 October 09:08 AM DAFZA’s contribution to Dubai’s foreign trade hits 12% in H1
UAE - Mubasher: Dubai Airport Freezone Authority (DAFZA) revealed that its contribution to Dubai's foreign trade stood at 12% in the first half of 2019, Emirates News Agency (WAM) reported. DAFZA has recorded a healthy growth rate of 8% or AED 5.7 …
Brent crude futures rose by 2.4%
12 October 07:09 PM Kuwait oil price rises $2.63 pb on Friday
Mubasher: The price of Kuwait’s crude oil grew by $2.63 to settle at $61.68 per barrel on Friday, compared to $59.05 pb on the previous day, according to the Kuwait News Agency (KUNA). Brent crude futures rose by 2.4% to hit $60.51 pb, while Nymex …
Brent crude futures rose by $0.78
11 October 06:16 PM Kuwait oil price edges up on Thursday
Mubasher: The price of Kuwait’s crude oil inched up $0.05 to settle at $59.05 per barrel on Thursday, compared to $59 pb the day before, according to the Kuwait News Agency (KUNA). Brent crude futures rose by $0.78 to hit $59.1 pb, while Nymex WTI …