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23 September 07:33 PM

Morocco news

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 …
Corporate Actions
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 …
Commodities
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 …
Macroeconomics
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 …
Macroeconomics
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 …
Commodities
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 …
Event
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 …
Commodities
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 …
Macroeconomics
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 …
Corporate Actions
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 …
Commodities
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, …
Global Economy
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 …
Commodities
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, …
Commodities
The price of Kuwait's crude oil reached $49.18 per barrel
5 September 04:36 PM Kuwait crude oil up $1.26 Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.26 to reach $49.18 per barrel (pb) on Monday compared to $47.92 pb, according to the latest data issued on the Kuwait Petroleum Corporation (KPC). It is noteworthy that Iran’s oil minister …
Commodities
Photo Archive
4 September 09:46 PM Total sells stake in oil field to Kuwait
Mubasher: The French oil company Total announced on Monday that it has agreed to sell the remaining of its stake in the Norwegian oil field Gina Krog to Kuwait Foreign Petroleum Exploration Company (KUFPEC). As reported by Kuwait News Agency …
Commodities
The auction will be held on Tuesday at 7:55 GMT
4 September 07:53 PM Oman to sell 1m oil barrels in DME
Mubasher: Oman is planning to sell more quantities of crude oil in November to maximize the use of the strong demand in Asia, according to Reuters. Sources said that the Omani ministry of oil and gas will hold an auction in the Dubai Mercantile …
Commodities
Photo Archive
19 September 07:51 PM KOTC negates rumors about sinking tanker
Mubasher: Kuwait Oil Tankers Company (KOTC) has denied that one of its tankers had sunk, according to an official statement issued on Sunday. The KOTC said in its statement that reports on social media saying a KOTC tanker had sunk off Oman were …
The Central Bank of the Republic of China
3 September 08:46 PM China's inflation rate could rise 1.7% this month
Mubasher: The consumer price index (CPI) in China is expected to grow in August by around 1.5% to 1.7% according to the Bank of Communications. The actual numbers will be released by the National Bureau of Statistics (NBS) on 9 September, as …
Global Economy
The price of oil decrease in line with expectations of higher fuel reserves
30 August 11:29 AM Kuwait crude oil down 40 cents Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil closed Tuesday 40 cents lower at $48.28 per barrel (pb) as compared to $48.68 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, the price of …
Commodities
Traders at Boursa Kuwait
30 August 08:51 AM GCC bourses see calm trades before Eid Al Adha holiday - Analysts
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to maintain calm trades on Wednesday as investors are shying away from building new positions before the Eid Al Adha holiday, analysts told Mubasher. Investors’ sentiment was negatively …
Stock Evaluations
Traders at Boursa Kuwait
29 August 08:59 AM GCC investors focus on banks stocks – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to continue their rise on Tuesday, amid purchases of blue chips, especially in the banks sector, and the tendency of portfolio investors to improve monthly closings, analysts told …
Stock Evaluations
Emirate’s minister of energy Suhail Al Mazrouei
28 August 01:46 PM ADNOC cuts production to conform with OPEC decision
Abu Dhabi – Mubasher: The UAE's minister of energy Suhail Al Mazrouei on Monday said, via his Twitter account, that the Abu Dhabi National Oil Company (ADNOC) announced monthly nomination cuts throughout 2017 in line with the UAE’s commitment to …
Macroeconomics
The GCC stock markets are expected to continue its declining fluctuated performance during Monday’s session
28 August 09:49 AM GCC investors tend to profit taking before Eid Al Adha holiday - Analysts
By: Mahmoud Gamal Mubasher: Long-term investors in GCC stock markets are currently abstaining from trading mainly due to the absence of incentives and the closeness of the Eid Al Adha holiday, analysts told Mubasher. GCC bourses are expected to …
Trading Activities
Traders at GCC bourses
27 August 08:31 AM GCC stocks likely to rise on oil price stability – Analysts
By: Mahmoud Gamal  Mubasher: The GCC stocks this week are expected to be spurred by oil price stability and investors’ tendency to improve monthly closings, analysts told Mubasher. Stability of oil prices above $52 per barrel and the trades curve …
Trading Activities
A cut in Iraqi oil production could affect economic growth this year
26 August 04:56 PM S&P confirms Iraq credit rating
Mubasher: Standard and Poor's (S&P) on Friday confirmed Iraq’s credit rating at B-/B with a stable outlook, according to a recent report. However, the credit rating agency predicted a cut in oil production would affect economic growth in 2017. The …
Global Economy