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17 February 01:43 PM

Oman news

16 February 03:24 PM US mulls halting GE engine deliveries to China's new aircraft
Mubasher: The US government is mulling a proposal to stop exporting jet engines co-manufactured by General Electric Co to China.
Global Markets brief
15 February 11:20 PM Omani crude oil output falls 1.26% MoM in January 2020
Mubasher: Oman’s daily production of crude oil and condensates declined by 1.26% month-on-month (MoM) to 958,270 barrels in January 2020.
Oil and Energy
15 February 07:29 PM Royal Bank of Scotland plans rebranding, cutting investment-banking business
​​​​​​​Mubasher: Royal Bank of Scotland Group (RBS) has unveiled plans to change its name to NatWest Group, according to MarektWatch.com.
Global Markets brief
13 February 04:50 PM Tesla may float $2bn shares to strengthen balance sheet
Mubasher: American electric vehicle and clean energy company Tesla Inc. is planning to raise $2 billion through a public share offering.
Global Markets brief
13 February 01:15 PM MWC 2020 cancelled over coronavirus worries
The Mobile World Congress (MWC) scheduled to be held in Barcelona on 24-27 February 2020 has been cancelled
Global Reports
Saudi Arabia was the top importer with 25%.
13 February 01:01 PM Egypt's furniture regional exports hit $164m in 2019
Cairo – Mubasher: Egypt has exported furniture valued at $265 million in 2019, down by 18% as compared to $324 million in 2018, Middle East News Agency (MENA) reported on Thursday. Exports to Saudi Arabia, the UAE, Oman, Iraq, and Sudan totalled …
Macroeconomics
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 …
Macroeconomics
Part of the signing ceremony
12 February 08:51 PM Egyptian gov’t signs MoU with Saudi ACWA Power
Cairo – Mubasher: Egypt’s housing and electricity ministries on Wednesday signed a memorandum of understanding (MoU) with Saudi Arabia’s ACWA Power to conduct primary and feasibility studies for water desalination plants powered by renewable …
Macroeconomics
Egypt and Somalia agreed to enhance cooperation in the petroleum industry
12 February 12:26 PM Several MoUs signed on EGYPS 2020 second day
Cairo – Mubasher: The Egyptian Petroleum Projects and Technical Consultations Company (PETROJET) will be working on petroleum and refining projects in Equatorial Guinea for the first time, as per agreements signed during day two of the Egypt …
Macroeconomics
Global oil prices rose on Tuesday
12 February 12:09 PM Kuwait oil crude down 21 cents on Tuesday
Mubasher: The price of Kuwait’s oil fell by 21 cents on Tuesday to $54.86 per barrel (pb), compared to $55.07 pb a day earlier, according to the official prices of the Kuwait Petroleum Corporation (KPC).   Global oil prices rose yesterday, …
Commodities
Kuwaiti public debt declined by 4.61% MoM
12 February 12:29 AM Kuwait’s public debt hits over KWD 2bn in December 2019
Mubasher: Kuwait’s public debt instruments dropped 41.5% year-on-year at the end of December 2019, according to data released by the Central Bank of Kuwait (CBK). The GCC country’s debt instruments went down to KWD 2.072 billion ($6.822 billion) …
Banking and Finance
Kuwaiti M2 declined to KWD 38.129 billion
12 February 12:16 AM Kuwait’s M2 falls 1.24% YoY in December 2019
Mubasher: Kuwait’s local liquidity went down by 1.24% year-on-year at the end of December 2019, according to data released by the Central Bank of Kuwait (CBK). Kuwaiti money supply (M2) declined to KWD 38.129 billion ($125.534 billion) last …
Banking and Finance
11 February 06:06 PM UAE’s TIME Hotels eyes expansion into Tatarstan
TIME Hotels is currently considering investment opportunities in Tatarstan, located 800 kilometres east of Moscow at the confluence of the Volga and Kama Rivers.
Global Reports
Federal Tax Authority (FTA)
11 February 03:52 PM UAE bans tobacco, e-cigarette plugs without digital tax stamps
Abu Dhabi – Mubasher: The UAE Federal Tax Authority (FTA) announced that importing waterpipe tobaccos and electrically heated cigarette plug not marked with digital tax stamps will be prohibited across country as of 1 March 2020. The ban comes as …
Markets Regulations
Vezeeta currently operates in 50 cities in Egypt, Saudi Arabia, Jordan, and Lebanon
11 February 03:02 PM Vezeeta raises $40m in Series D funding round led by Gulf Capital
Cairo – Mubasher: Vezeeta, the leading digital healthcare startup in the Middle East and Africa, raised $40 million in a Series D funding round led by Gulf Capital, the largest alternative asset management company in the Middle East. Saudi …
Banking and Finance
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 …
Macroeconomics
Kuwait Super Light Crude prices for March are $1.75 less than this month
11 February 11:02 AM Kuwait cuts March oil prices to Asia by $0.6
Mubasher: Kuwait has reduced the official selling price (OSP) for its crude oil exported to Asia for March by 60 cents when compared to the previous month, Reuters reported on Tuesday.    The new exporting premium stood at $1.35 per barrel (pb) to …
Commodities
10 February 05:47 PM Volvo Cars mulls merger with Geely Automobile Holdings
Mubasher: Volvo Cars currently considers a merger with Geely Automobile Holdings Limited to create a global carmaker with presence across key markets.
Global Reports
The new centre is the first of its kind in the region
10 February 05:36 PM Famco UAE launches first uptime Volvo centre in Middle East
Dubai - Mubasher: Al Futtaim Auto and Machinery Company (Famco) announced the launch of the Middle East’s first uptime centre supported by Volvo. Through the new centre, customers will benefit from upgraded standards of support courtesy of the …
Companies Investments
10 February 05:26 PM Nissan halts production facility in Japan due to coronavirus
Nissan Motor Company will reportedly halt production at its manufacturing plant in the Japanese southwestern city of Kyushu starting from 14 February 2020
Global Reports
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 …
Global Economy
The company will start evaluating locations in Jordan, Egypt, Saudi Arabia, and the UAE
10 February 04:30 PM Fine evaluates 4 locations for a new paper mill
Mubasher: The world’s leading manufacturer of hygienic paper products Fine Hygienic Holding (FHH) plans to build a sixth paper mill, according to a statement on Monday.  The company will start evaluating locations in Jordan, Egypt, Saudi Arabia, …
Companies Investments
Federation of the GCC Chambers (FGCC)
10 February 02:29 PM Bahrain begins chairing FGCCC
Mubasher: Bahrain began today chairing the Federation of the Gulf Cooperation Council (GCC) Chambers (FGCC) in its 21st session for two years. Accordingly, the chairman of the Bahrain Chamber of Commerce and Industry (BCCI), Sameer Nass will …
Event
10 February 02:28 PM L Brands in talks to sell Victoria’s Secret
Mubasher: L Brands is close to seal a deal to sell its Victoria’s Secret brand to private equity company Sycamore Partners.
Global Reports
9 February 06:32 PM Toyota partners with Panasonic to develop car batteries
Mubasher: The Car manufacturer Toyota has partnered with Panasonic to form the joint venture (JV), ‘Prime Planet Energy & Solutions’, to manufacture car batteries.
Goods and Metals