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21 October 05:04 PM

Oman news

The first plan for this service includes speeds of up to 20 Mbps
1 hour ago Zain launches BEAM internet service among 5G adoption steps
Mubasher: Mobile Telecommunications (Zain) has launched the new high-speed wireless Internet service BEAM, according to a recent statement. BEAM service is expected to use advanced wireless broadband technology, as part of the steps Zain is …
Companies Investments
Abu Dhabi Investment Authority (ADIA) came in the third rank with $683 billion in assets
1 hour ago Saudi Arabia’s PIF ranks 10th among world’s peers
Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), ranked the 10th among the world's largest sovereign wealth funds (SWFs). PIF’s total assets stood at $360 billion, acquiring 10.8% of the world’s total value by …
Macroeconomics
The GCC’s fiscal balance is forecast to turn to a surplus in 2019
2 hours ago Higher oil returns to slash GCC budget deficit 82% in 2018 – KAMCO
Mubasher: Higher oil revenues are expected to reduce GCC budget deficit this year by 82% to $14 billion compared to $79 billion in the full-year 2017, KAMCO said in a recent report, citing the International Monetary Fund’s (IMF) general government …
Sector Reports
The UAE is the key destination for Indian gold jewellery
5 hours ago India’s gold imports rise on new duty concerns
Mubasher: India’s gold imports witnessed a surprise hike in the last three-month period ended September on speculation that domestic jewellery manufacturers and traders are hoarding the yellow metal lest a further hike in gold import duty. India, …
Commodities
19 October 11:36 PM Kaplan: 2 or 3 interest hikes will be neutral
Dallas Federal Reserve President Robert Kaplan expressed on Friday his support for more interest hikes by American monetary policymakers
Global Reports
19 October 11:33 PM Carney: Fed raising interest for good reasons
The Governor of the Bank of England, Mark Carney said on Friday that the United States Federal Reserve is raising interest rates for valid reasons
Global Reports
19 October 11:28 PM Oil narrows weekly losses
Crude inventories in the United States rose by 6.5 million barrels last week
Oil and Energy
19 October 10:05 PM Gold settles lower, records weekly gains
The precious metal saw some selling pressures as the USD neared its highest level in two months
Goods and Metals
19 October 09:59 PM Renewables in India to grow 5% by 2022
Rising interest rates are putting a question mark on the viability of solar projects
Global Reports
19 October 06:23 PM Goldman Sachs forecasts 5 more Fed rate hikes
Goldman believes the Federal Reserve needs to generate a significant tightening in financial conditions
Currencies
19 October 05:57 PM Robust aero, warehouse automation sales boost Honeywell Q3 profit
Mubasher: Honeywell International Inc on Friday reported better-than-expected profits for the third quarter of this year
Global Economy
19 October 04:39 PM InterContinental Hotels revenue up 1% in Q3
Mubasher: InterContinental Hotels Group PLC on Friday posted a 1% year-on-year increase in the comparable revenue per available room for the third quarter of 2018.
Global Economy
19 October 04:05 PM P&G Q1 sales beat estimates
Mubasher: Procter & Gamble Co (P&G) on Friday reported a robust rise in sales for the first quarter of this year
Global Economy
19 October 03:36 PM Volkswagen begins operation at China EV plant
Mubasher: Volkswagen AG on Friday announced it has commenced construction work on a $2.45 billion plant in Shanghai to produce electric cars and battery systems
Global Economy
19 October 03:14 PM State Street Q3 profit up 13%, misses estimates
Mubasher: State Street Corp. reported a 13% year-on-year growth in profits for the third quarter of 2018
Global Economy
19 October 02:58 PM Schlumberger logs $644m profit in Q3
Mubasher: The US-based energy giant Schlumberger Ltd on Friday reported a net income of $644 million, or 46 cents per share, for the third quarter
Global Markets brief
19 October 02:35 PM UK public borrowing hits 11-yr low in September
Mubasher: The UK’s public sector net borrowing, excluding banks, slipped by GBP 800 million year-on-year in September to GBP 4.1 billion
Global Reports
19 October 01:35 PM Eurozone’s current account sees EUR 24bn surplus in August
Mubasher: The current account of the Eurozone increased by nearly EUR 5 billion in August, recording a surplus of EUR 24 billion.
Global Reports
19 October 01:07 PM China's Q3 GDP growth weakest since 2009
Mubasher: China’s economic growth slowed down to its weakest quarterly pace since 2009 amid escalating trade tensions between the country and the US.
Global Markets brief
19 October 11:40 AM Japan's CPI rises 1.2% in September
Mubasher: Japan's consumer price index grew by 1.2% year-on-year in September amid surging energy costs.
Global Reports
19 October 11:14 AM Volvo Q3 profit rises 38%
Mubasher: Volvo AB posted a 38% year-on-year growth in net profit for the third quarter of this year, beating analysts’ forecast of SEK 6.9 billion.
Global Markets brief
19 October 10:36 AM Oil prices edge up Friday amid China-US trade war
Mubasher: Oil prices leveled up on Friday on the back of signs indicating a rise in China’s demand
Oil and Energy
19 October 12:00 AM Oil prices fall to 5 week-low
Nymex futures for November delivery dropped 1.6%
Oil and Energy
18 October 10:59 PM Gold restores $1,230 level
The yellow metal received a strong support after the Chinese stock exchange fell to its lowest level since 2014
Goods and Metals
18 October 04:58 PM Japan’s Takeda gets regulator’s approval to acquire Shire Plc
Takeda on Thursday announced that it has received the Japanese Fair Trade Commission for completing the acquisition of Shire Plc.
Global Reports