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27 September 12:46 AM

Oman 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 …
Global Economy
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 …
Commodities
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 …
Global Economy
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 …
Global Economy
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%, …
Commodities
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 …
Sector Reports
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 …
Companies Investments
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 …
Companies Investments
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 …
Global Economy
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 …
Commodities
The UAE’s economy will not be negatively impacted by other GCC members not implementing the value added tax (VAT)
24 September 02:28 PM GCC members not applying VAT not to impact UAE – Al Bustani
Abu Dhabi – Mubasher: The UAE’s economy will not be negatively impacted by other GCC members not implementing the value added tax (VAT), Emarat Al Youm newspaper reported, citing Federal Tax Authority (FTA) director general Khalid Al Bustani as …
The UAE is willing to fully execute the Gulf Railway
24 September 10:33 AM GCC Ministers of Transport defer Gulf Railway execution
Abu Dhabi – Mubasher: The Committee of Ministers of Transport and Communication in the GCC has decided to postpone the implementation of the Gulf Railway to 2020 – 2021 instead of 2018. The UAE is willing to fully execute this project, minister of …
Macroeconomics
The third quarter of 2017 is nearing its close, which means that financial disclosures will prompt portfolios to purchase stocks
24 September 09:01 AM Saudi, Kuwaiti stocks likely to rise ahead of FTSE results - Analysts
By: Mahmoud Gamal Mubasher: Gulf bourses are likely to rise this week with listings on the FTSE Emerging Markets Index coming in focus, analysts told Mubasher. GCC stock markets are heading towards a “temporary rise”, particularly Saudi and …
Trading Activities
Trading will resume as of Monday, 25 September, according to the MSM’s statement on Thursday
21 September 06:14 PM MSM closes Sunday for new Hijri Year
Mubasher: The Muscat Securities Market (MSM) has announced that Sunday, 14 September, will be a holiday on the occasion of the Hijri New Year. Trading will resume as of Monday, 25 September, according to the MSM’s statement on Thursday. The …
Management Decisions
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 …
Global Economy
“However, this investor class has seldom been researched in detail despite its widespread influence in the economy,” the report commented
20 September 03:59 PM Pension funds important for GCC stability, growth – Marmore
Mubasher: Pension funds across the GCC are the second largest set of institutional investors in the region after the Sovereign Wealth Funds (SWFs), according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre …
Macroeconomics
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 …
Commodities
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 …
Commodities
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
Arab states' central bank governors at the 41st session of the Council of Arab Central Banks Governors
17 September 04:19 PM Oman to continue USD peg – CBO official
By: Amr Adel Abu Dhabi – Mubasher: The Sultanate of Oman remains committed to applying the OMR-USD peg, said Tahir Bin Salim Al Amri, executive president at the Central Bank of Oman (CBO) on Sunday. Speaking to journalists on the sidelines of the …
Event
UAE ranks 1st between Arab states in attracting DFI during 2016 – Ministry
16 September 01:17 PM UAE attracts $9bn FDI in 2016 – Ministry
Dubai – Mubasher: The UAE ranked first among the Arab countries in attracting the foreign direct investments (DFI) during 2016, acquiring 29% of the total, at a value of $9 billion, according to an analytical study by the UAE Ministry of Economy. …
Financial Results
The value of tenders for urban construction projects in the GCC region stood at $32 billion, the Arab Brazilian Chamber of Commerce (ABCC) stated in a report
13 September 03:05 PM $32bn construction deals tendered in GCC – Report
Dubai – Mubasher: The value of tenders for urban construction projects in the GCC region stood at $32 billion, the Arab Brazilian Chamber of Commerce (ABCC) stated in a report. Tenders for 801 urban construction projects worth a combined value of …
Sector Reports
Negative foreign investor sentiment has weighed down on Qatar's financing costs
13 September 01:44 PM Diplomatic rift ‘credit negative’ for all GCC – Moody’s
Mubasher: Moody’s Investors Service on Wednesday said that the diplomatic disagreement that took place between Qatar and a number of GCC and Arab countries is “credit negative for all GCC countries, with Qatar and Bahrain being most exposed.” …
Sector Reports