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Côte d’Ivoire registered an 8% GDP growth rate in 2019
25 February 05:55 PM Drogba backs Côte d’Ivoire by raising $15bn commitments for tourism
Mubasher: Didier Drogba, the international football star, has helped in collecting a total of $15 billion memoranda of understanding (MoUs), in a move to boost developments of the tourism sector in his birthplace, Côte d’Ivoire. The West African …
The UAE will receive around 3m international visitors during Expo 2020
25 February 05:12 PM Expo 2020 to attract additional 1.4m visitors from 5 key markets
UAE – Mubasher: Additional 1.4 million visitors from five key markets, namely India, Saudi Arabia, Philippines, the UK, and Pakistan, will arrive to the UAE during Expo 2020 Dubai. At the event, set to welcome 25 million visitors during the period …
The UAE has suspended all flights arriving to and coming from Iran
25 February 04:33 PM UAE halts all flights to, from Iran over coronavirus fear
UAE – Mubasher: The UAE's General Civil Aviation Authority (GCAA) has suspended all flights arriving to and coming from Iran over the new coronavirus fear, according to the Emirates News Agency (WAM). The suspension of all passenger and cargo …
The three new cases arrived from Iran
25 February 03:33 PM Kuwait’s health ministry confirms 8 coronavirus cases
Mubasher: Kuwait’s Ministry of Health announced that three Kuwaiti nationals had tested positive for the new coronavirus (COVID-19) epidemic, bringing the total infected cases to eight in the country until the moment. The three new cases arrived …
Global prices retreated by around 4% on Monday
25 February 01:55 PM Kuwait’s crude oil slid to $56.75 pb on Monday – KPC
Mubasher: The price of Kuwait’s crude oil declined by $1.84 on Monday, 24 February, to reach $56.75 per barrel (pb) as compared to KWD 58.59 pb last Friday, according to the official prices by Kuwait Petroleum Corporation (KPC). On the global …
Bahrain's residents should adhere to health guidelines to combat the novel virus
25 February 12:00 PM Bahrain suspends flights from Dubai, Sharjah for 48 hrs over coronavirus
Mubasher: Bahrain’s The Civil Aviation Affairs (CAA) has suspended all flights to and from the Dubai International Airport (DXB) and Sharjah International Airport for 48 hours starting early hours of 25 February 2020. The CAA is collaborating with …
The decision came during the cabinet’s weekly meeting on Monday
25 February 10:34 AM Kuwait cancels celebrations of National, Liberation days on coronavirus fears
Mubasher: The Kuwaiti cabinet has cancelled all celebrations scheduled for the National and Liberation Day holidays until further notice. The cabinet called upon all citizens to consider the efforts and steps the government is taking to contain …
The patient was immediately transferred to a medical centre
24 February 01:01 PM Bahrain confirms first coronavirus case
Mubasher: Bahrain’s Ministry of Health confirmed the first case of coronavirus (COVID-19) for a Bahraini citizen arriving from Iran, Bahrain News Agency (BNA) reported on Monday.    The patient was suspected of having contracted the disease based …
The opening ceremony
24 February 12:44 PM First KPMG Insights Center inaugurated in Riyadh
Riyadh – Mubasher: KPMG officially opened its first Insights Center in the Middle East in its new head office in Riyadh. The facility was inaugurated by the Saudi Minister of Communications and Information Technology Abdullah Al Swaha. The opening …
All cases are currently under constant medical observation
24 February 11:44 AM Kuwait announces coronavirus cases
Mubasher:  The Preliminary tests conducted on passengers arriving from Iran’s Mashhad city indicated three confirmed cases carrying the China coronavirus (COVID-19).    The cases include a 53-year-old Kuwaiti citizen, a 61-year-old Saudi national, …
A total of 130 Kuwaiti passengers arrived on Saturday from Iran
23 February 06:08 PM Kuwait bans entry of Iranian ships over coronavirus fears
Mubasher: Kuwait Ports Authority (KPA) announced that it would deny entry of vessels coming from Iran in Shuaiba, Doha, and Shuwaikh ports amid concerns over the spread of the new coronavirus (COVID-19) in Iran, Kuwait News Agency (KUNA) reported …
Kuwaiti citizens in Iran are mainly based in Tehran and Mashhad
23 February 01:20 PM Kuwait’s health ministry: Evacuees from Iran “free from Coronavirus”
Mubasher: All Kuwaiti nationals who have arrived from Iran on Saturday, 22 February, are “free from the new coronavirus (COVID-19) or any other communicable diseases”, Kuwait’s health minister Dr. Basel Al Sabah said. In a response to growing …
Global prices remained unchanged on Tuesday
19 February 11:41 AM Kuwait’s oil dips 77 cents on Tuesday – KPC
Mubasher: Kuwait’s crude oil price slid by 77 cents on Tuesday, 18 February, to settle at $57.18 per barrel (pb) as compared to $57.95 pb last Monday, according to official prices released by Kuwait Petroleum Corporation (KPC). Global prices …
Global prices increased on Monday
18 February 12:07 PM Kuwait oil up 70 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil rose by 70 cents on Monday, 17 February, to reach $57.95 per barrel (pb) from $57.25 pb last Friday, according to official prices released by Kuwait Petroleum Corporation (KPC).   Meanwhile, Global prices …
Photo Archive
18 February 10:20 AM Saudi oil exports down 10.75% in 2019
Riyadh – Mubasher: Saudi Arabia’s oil exports decreased by 10.75% last year, as shown by the Joint Organisations Data Initiative (JODI) figures. Total exports, including crude oil and petroleum products, declined by 366.59 million barrels per day …
Revenues slipped by 17.6% YoY in 10M-19/20
18 February 09:52 AM Kuwaiti oil revenues drop to KWD 13bn in 10M
Mubasher: Kuwait’s oil revenues amounted to KWD 13.07 billion ($42.97 billion) in the first 10 months of fiscal year 2019/2020, down by 17.64% year-on-year (YoY) from KWD 15.87 billion ($52.17 billion) Oil revenues in Kuwait accounted for 94.2% of …
The USD dropped to EGP 15.65 for buying at ADIB
17 February 02:43 PM USD falls against EGP at local banks on Monday
Cairo – Mubasher: The US dollar exchange rate declined against the Egyptian pound at 12 local banks on Monday. The USD dropped to EGP 15.65 for buying and EGP 15.75 for selling at Abu Dhabi Islamic Bank (ADIB) and EGP 15.63 for buying and EGP …
Global prices increased by 2.5% on Wednesday.
13 February 10:54 AM Kuwait’ oil up $1.28 on Wednesday – KPC
Mubasher: Kuwait’s crude oil price increased by $1.28 on Wednesday, 12 February, to finish at $56.14 per barrel (pb) as compared to $54.86 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC). On the global …
Brent futures finished at $53.27 pb
11 February 12:45 PM Kuwait’s oil slides to $55.07 pb on Monday – KPC
Mubasher: The price of Kuwait crude oil dipped by $1.01 on Monday, 10 February, to stand at $55.07 per barrel (pb) from $56.08 pb last Friday, according to official data from Kuwait Petroleum Corporation (KPC). Globally, prices fell to their …
Remittances from Egyptians working abroad increased to $6.71 billion
10 February 04:59 PM Egyptian pound records highest level in 3 years
Cairo - Mubasher: The Egyptian pound traded at EGP 15.66 to the US dollar on Monday, compared to EGP 15.69 on Sunday, registering its three-year highest level, Reuters reported. The pound has gained its strongest level since Egypt weakened the …
Egypt’s gold reserves increased to $3.424 billion
9 February 02:57 PM Egypt’s gold reserves up $123m in January amid coronavirus worries
Cairo – Mubasher: Gold reserves in Egypt rose in January for the second month in a row as concerns about the spreading coronavirus fuelled safe-haven demand. Egypt’s gold reserves increased by $123 million to $3.424 billion in January from $3.301 …
OPEC producers may meet earlier than scheduled
8 February 05:50 PM Oman backs deeper oil output cut until June-end
Mubasher: Oman is supporting the recommendations made by an OPEC+ Joint Technical Committee (JTC) for a short, deeper oil output cut until the end of June, the GCC country’s oil minister Mohammed bin Hamad al-Rumhy announced, as Reuters reported …
Brent crude inched down by 0.9% on Tuesday
5 February 11:10 AM Kuwait oil plummets $1.25 on Tuesday – KPC
Mubasher: Kuwait oil price went down by $1.25 on Tuesday, 4 February, to settle at $55.68 per barrel (pb) from $56.93 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC).    On the global level, oil prices …
Brent crude dipped by $2.17 on Monday
4 February 01:52 PM Kuwait’s oil slides to $56.93 pb on Monday – KPC
Mubasher: The price of Kuwait’s crude oil dropped by $2.77 on Monday, 3 February, to settle at $56.93 per barrel (pb) from $59.7 pb on Friday, according to Kuwait Petroleum Corporation’s (KPC) official prices. On the global level, oil prices saw …
he signing ceremony was attended by Sheikh Al Maktoum and Sheikh Al Nahyan
3 February 05:11 PM ADNOC, DUSUP ink agreement to develop UAE’s new gas field
UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP) have signed a strategic agreement to explore and develop Jebel Ali Project gas reservoir. The reservoir is one of the largest shallow gas fields discovered …