Mubasher: Standard and Poor's (S&P) has kept Kuwait’s credit rating at ‘AA’ with a stable outlook, the Kuwait News Agency (KUNA) reported on Saturday. The global rating agency stated that it could raise that rating if Kuwait conducted a broad …
Mubasher: While the growth of the global economy became more and more subject to many questions and doubts, the Kuwaiti economy maintained its stability, achieving a slight margin of improvement. Kuwait’s GDP grew by 2.6% year-on-year in the first …
Riyadh – Mubasher: Saudi Arabia’s crude oil exports declined to 6.94 million barrels per day (bpd) in May 2019, recorded the lowest level since October 2017. The kingdom’s exports dropped by about 240,000 barrels per day (bpd) in May 2019, from …
Mubasher: Initial estimates by the University of Michigan indicated that the US consumer sentiment slightly grew virtual change during the first half of July.
Mubasher: The International Energy Agency dismissed the possibility of a significant rally in oil prices, citing a slowing demand growth and global market oversupply.
Mubasher: The Eurozone’s current account surplus expanded in May compared with April, but saw a year-on-year drop over the 12-month period ended the reported month.
Mubasher: The Philadelphia Federal Reserve on Thursday said that its gauge on the US Mid-Atlantic business activity climbed to its highest level since a year.
Mubasher: Huawei’s smartphone sales in Europe tumbled in June, when the Chinese tech behemoth’s access to essential handset software was jeopardised by Washington’s supply ban.
Mubasher: The European Union opened a formal antitrust investigation whether the online retailer was using sales data to win a competitive edge over smaller sellers.
