Jordan news

Alwaleed has topped the same list for nine years in a row
26 September 04:48 PM Alwaleed tops list for most influential Arabs
Riyadh - Mubasher: Prince Alwaleed bin Talal has been ranked number one in Middle East Magazine’s 2017 list of the World’s 50 Most Influential Arabs, for the ninth consecutive year. The chairman of Kingdom Holding Company (KHC) and Alwaleed …
The price of Brent crude oil rose by 4%
26 September 12:08 PM Kuwait crude oil up 56 cents Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 56 cents to reach $54.06 per barrel (pb) on Monday compared to $53.50 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of Brent crude oil …
Brent futures went up by 3.9% to $59.13 per barrel
26 September 01:13 AM Brent jumps 4%, breaks $59 level
Mubasher: Brent crude oil rose by 4% during Monday trade, surpassing the level of $59, amidst a dominant positive sentiment, as investors are optimistic regarding cutting output. By 9:34 PM (GMT), Brent futures went up by 3.9% to $59.13 per barrel …
Trump is expected to propose cutting corporate tax rate to 20%
26 September 12:27 AM Trump to unveil more tax reform details Wednesday
Mubasher: US president Donald Trump is set to reveal new details of his tax reform plan on Wednesday, according to the White House. The White House press secretary Sarah Huckabee Sanders said in a press conference on Monday that Trump will give a …
Gold futures went up by 1.1% to its highest level in 10 days
26 September 12:22 AM Gold prices surge on rising geopolitical risks
Mubasher: Gold prices have risen by the end of Monday trade, increasing by around $14 and exceeding the level of $1,300, as more geopolitical risks are rising with North Korea threatening to target American Aircrafts. Gold futures went up by 1.1%, …
Earnings growth shifts down a gear turning outlook on global oil and gas sector stable
25 September 11:42 PM Moody's expects lower return growth for oil, gas sectors
Mubasher: An expected slowdown in the pace of earnings growth has moved the 2018 outlook on the global integrated oil and gas industry to stable from positive, Moody's Investors Service said in a report published Monday. The slowdown follows a …
AccorHotels currently has more than 100 hotels in the MENA region
25 September 08:38 PM AccorHotels opened 12 new hotels in 2017
Dubai – Mubasher: AccorHotels announced on Monday that it has inaugurated 12 hotels so far this year, according to press release. The company’s hotels portfolio in MENA region has now surpassed more than 100 hotels. As per the statement, the new …
Khazzan Gas Field
25 September 06:22 PM BP launches production in Oman’s Khazzan gas field
Mubasher: BP announced on Monday that it has begun production at the Khazzan gas field in Oman, according to a company statement. The Omani oil and gas minister said that BP has successfully delivered the first phase of the project on time, adding …
Brent futures rose by 1.4% to $57.67 per barrel
25 September 03:52 PM Brent surges to highest level since mid-2015
Mubasher: Brent crude oil expanded its gains during Monday trade, reaching its highest level in more than two years, with investors showing a positive sentiment regarding the output limitation agreement. Brent futures rose by 1.4% to the level of …
Gold has fallen by more than $70 per ounce in 2017
25 September 01:15 AM Gold down to $1,295 per ounce - Sabaek
Mubasher: Gold prices went down by $23 to reach $1,295 per ounce in last week's trading in New York New Mix market, according to Sabaek Al-Kuwait Company. Kuwait News Agency (KUNA) reported that the company added in its weekly report on Sunday …
Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations
21 September 01:02 PM Google buys $1.1bn stake in HTC
Mubasher: Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations. Alphabet Inc., Google's owner on Thursday stated that some of HTC’s employees will join Google, as well as Google will receive a …
He added that through BSO’s “low-latency and highly resilient connectivity service” traders can enjoy transparent and secure trading
20 September 01:52 PM DGCX enables trading from London via BSO
Dubai – Mubasher:  The Dubai Gold and Commodities Exchange (DGCX) announced that BSO Network Solutions enhanced its Market Data Connect service to enable direct trading and market data access between it and Interxion London. The service will give …
Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel
20 September 11:27 AM Kuwait’s crude oil down 7 cents Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel (pb) on Tuesday compared to $52.66 pb on Monday, according to a the latest data issued by the Kuwait Petroleum Corporation (KPC). The U.S. Energy Information …
The United States expected shale oil production to rise by 79,000 barrels per day
19 September 01:07 PM Kuwait crude oil up 36 cents Monday – KPC
By: Mohammad Farouk Mubasher: The price of Kuwait’s crude oil increased by 36 cents to reach $52.66 per barrel (pb) on Monday compared to $52.30 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the …
Emaar recently unveiled the Cove 1 in the region
18 September 09:31 AM Emaar launches Address Harbour Point
Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …
Arab Monetary Fund’s headquarter in Abu Dhabi
17 September 04:21 PM Bitcoin poses challenges to central banks - AMF
Abu Dhabi – Mubasher: Arab Monetary Fund (AMF) chairman Abdulrahman Al Hamidy said on Sunday that the recent massive use of virtual currencies poses challenges to the central banks of Arab countries. The trading value of the Bitcoin has reached …
The company is set to announce its first lagoon in Saudi Arabia in the foreseeable future
13 September 06:54 PM Crystal Lagoons unveils new business model at Cityscape
Dubai - Mubasher: Crystal Lagoons, the multinational water innovation company and developer, has launched a series of lagoons open to the public as a demonstration of its expansion plans in the Middle East and worldwide. The lagoons do not require …
The price of Kuwait’s crude oil settled at $50.56 per barrel (pb) on Monday
12 September 12:11 PM Kuwait crude oil falls 82 cents Monday – KPC
Mubasher: The price of Kuwait’s crude oil went down 82 cents to settle at $50.56 per barrel (pb) on Monday compared to $51.38 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). An oil expert announced on …
DAMAC has already delivered 1,100 residential units in its DAMAC Hills
11 September 08:05 PM DAMAC eyes delivery of 2,800 units in 2017 – Interview
By: Amr Adel Dubai – Mubasher: DAMAC Properties is looking to deliver 2,800 units in 2017, said senior VP of International Business Development Wael Al-Lawati on Monday during the first day of the Cityscape Global 2017 event held in Dubai. DAMAC …
Al Falih and Al Mazroui consider extending oil supply cuts beyond March 2018
11 September 07:13 PM KSA, UAE consider extending oil cuts
Riyadh – Mubasher: Saudi Arabia’s energy minister Khalid Al Falih and his UAE counterpart Suhail Al Mazroui on Monday agreed on considering the extension of oil supply cuts beyond March 2018 depending on market fundamentals. During their meeting …
Chinese CEFC to buy 14.16% stake in Russian Rosnesf at $9.1bn – Reuters
9 September 06:16 PM Chinese CEFC to buy 14.16% stake in Russian Rosnesf at $9.1bn – Reuters
Mubasher: China Energy Company Limited ‘CEFC’, which is an oil firm plans to purchase a 14.16% stake in the Russian oil company Rosneft at a value of $9.1 billion from a consortium of the Qatar Investment Authority (QIA), and Glencore. “The deal …
Nymex crude oil rose by 1%
7 September 05:33 PM Kuwait crude oil exceeds $50 level Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil has exceeded the $50-level on Wednesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of oil gained $1.38 to reach $50.75 per barrel (pb) on Wednesday compared …
Amazon’s profits went down 77% in the second quarter of 2017
7 September 05:15 PM Amazon to build new $5bn headquarters
Mubasher: Amazon announced that it plans to build a new headquarters in North America with $5 billion investments, according to a statement. Amazon stated on Thursday, 7 September, that it plans to build a second headquarters in North America, …
The demand on oil is likely to increase during the third quarter of 2017
7 September 04:02 PM Brent crude price to stay at $55 pb – Minister
Mubasher: The Kuwaiti oil minister predicted that the price of crude Brent oil would stay at its current levels in the coming period. OPEC’s strategy is heading in the right direction, minister Essam Al Marzouq said in a press announcement, noting …
The price of oil reached $49.37 per barrel
6 September 02:54 PM Kuwait crude oil approaches $50 level Tuesday – KPC
Mubasher: The price index of Kuwait’s crude oil increased by 19 cents on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of oil reached $49.37 per barrel (pb) compared to $49.18 pb on Monday, …