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25 July 03:50 AM

Palestine news

The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
Commodities
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
International Agreements
Kuwaiti crude oil prices reached $46.51 per barrel on Thursday
21 July 11:23 AM Kuwait oil up $0.74
Kuwait - Mubasher: The price of Kuwaiti oil went up by 74 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Prices reached $46.51 per barrel (pb) yesterday, compared to $45.77 pb on the day before, Kuwait News Agency (KUNA) …
Commodities
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
International Agreements
Traders at Boursa Kuwait
20 July 07:51 AM Investors likely to build new positions in GCC stocks
By: Mahmoud Gamal Mubasher: Investors are expected to build up new positions in GCC listed stocks on Thursday, in line with the announcements of first-half financials which are expected to improve amid higher oil prices, analysts told Mubasher. …
Trading Activities
Traders at Boursa Kuwait
18 July 07:56 AM GCC stocks tend to invest in low-priced stocks
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to continue their sideways-to-positive performance on Tuesday, amid anticipations of listed blue-chip companies’ financial disclosures for the first half of 2017, analysts told Mubasher. …
Trading Activities
Emirates operates 259 wide-body aircraft to 157 destinations, while flydubai operates 58 Boeing 737s to 95 destinations.
17 July 02:16 PM Emirates to form new partnership with Flydubai
Dubai – Mubasher: Emirates will form a partnership with FlyDubai aimed at allowing the companies to feed passengers onto each other’s flights, according to a statement. The deal will include network collaboration and coordinated scheduling at …
Commodities
Photo Archive
16 July 10:05 PM KFH is world’s biggest in Sukuk issuance - Chairman
Kuwait - Mubasher: The chairman of Kuwait Finance House (KFH) said that the group is the biggest Sukuk issuer in the world, as demand is rising on the sharia-compliant product. Hamad Abdulmohsen Al Marzouk added in a statement issued on Sunday …
Sukuk and Islamic Finance
Traders at Boursa Kuwait
16 July 07:47 AM GCC bourses likely to recover on higher oil prices
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to maintain their gains on Sunday, amid the rise of oil prices and announcement of some positive first-half financials, analysts told Mubasher. Higher oil prices will push portfolio …
Trading Activities
Kuwaiti crude oil registered $45.38 per barrel yesterday
15 July 01:32 PM Kuwait oil prices rise $0.86
Kuwait - Mubasher: The price of Kuwaiti oil increased 86 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $45.38 per barrel (pb) Friday up from $44.52 pb on Thursday, as reported by the Kuwait News …
Commodities
The UAE led the list of the countries that implement infrastructure projects with $427 billion
14 July 06:05 PM UAE, Saudi top states in infrastructure projects – BMI
Mubasher: The UAE led the list of the countries that implement infrastructure projects with $427 billion, according to a report by Business Monitor International (BMI). Saudi Arabia ranked second with a value of $328 billion, while Egypt ranked …
Macroeconomics
By 7:20 am GMT, Brent crude futures edged up 0.02% to $48.43 per barrel (pb)
14 July 11:07 AM Oil prices up, high demand for crude expected on Friday
Mubasher: Oil prices rose during Friday’s trading activities, with investors’ expectations about international growth in demand for crude. By 7:20 am GMT, Brent crude futures edged up 0.02% to $48.43 per barrel (pb). NYMEX crude oil futures inched …
Commodities
Traders at Dubai's bourse
12 July 08:22 AM GCC bourses likely to see cautious trades ahead of Yellen testimony - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to continue their sideways-to-bullish performance, amid investors’ anxiety over US economist Janet Yellen's semi-annual testimony to Congress this Wednesday, analysts told Mubasher. Most …
Stock Evaluations
Traders at Boursa Kuwait
11 July 07:57 AM Gulf bourses see higher institutional purchases - Analysts
By: Mahmoud Gamal Mubasher: The Gulf bourses are witnessing extended purchases of blue chips by local and foreign institutions, in line with the disclosures of second-quarter financials and rise of global stocks, analysts told Mubasher. Most GCC …
Trading Activities
German exports amounted to EUR 108 billion
10 July 06:59 PM German exports hit record high in May
Mubasher: German exports surged to a new record high in May, reflecting a recovery in global demand since the beginning of the year. According to a report issued by the Federal Statistical Office of Germany (Destatis) on Monday, the value of …
Macroeconomics
The e-Dirham system registered a total of 10.8 million transactions in Q2-17
10 July 02:41 PM UAE e-Dirham service revenues rise 25% in Q2-17
Dubai – Mubasher: The UAE governmental e-Dirham services reported a growth of 25% in revenues to AED 2.54 billion during the second quarter of 2017, compared to the same period a year ago. The e-Dirham services executed on the website amounted to …
Sector Reports
Traders at Dubai's bourse
9 July 08:04 AM GCC bourses seen volatile on lower oil prices - Analysts
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to see further fluctuations due to the decline of oil prices, amid investors’ anticipation for the second-quarter financial results, financial analyst Mahmoud Diab told Mubasher. Oil prices …
Stock Evaluations
Kuwaiti crude oil registered $44.17 per barrel on Friday
8 July 04:43 PM Kuwait oil down $1.3
Kuwait - Mubasher: The price of Kuwait oil went down by $1.30 on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $44.17 per barrel (pb) on Friday, compared to $46.47 pb on Thursday, Kuwait News Agency …
Commodities
7 July 01:27 PM France to ban petrol, diesel vehicles by 2040 – Minister
Mubasher: France is planning to ban the use of all petrol and diesel-fuelled vehicles by 2040, The Independent reported, citing French environment minister Nicolas Hulot as saying. The minister’s announcement coincided with the uncovering of a …
Global Economy
The port has a draft of up to 11 metres (tide free) and three 400-metre berths that can accommodate cruise vessels
6 July 04:03 PM DP World Limassol to open new terminal
Dubai – Mubasher: A new terminal is scheduled to open in the summer at DP World Limassol port in Cyprus, according to a statement. Designed to accommodate the largest operating cruise vessels, the new terminal consists of seven pods with an …
Commodities
Traders at Boursa Kuwait
6 July 08:04 AM Oil prices, H2 results to affect GCC bourses in July - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets will be pushed up by the rise of oil prices and the beginning of first-half financial announcements on Thursday, analysts told Mubasher. The markets saw calm trades in June, coinciding with the …
Trading Activities
QAR last recorded EGP 4.64 for selling and EGP 4.93 for buying on the bank's list
5 July 09:14 PM ADIB - Egypt lifts QAR from its currencies
Cairo - Mubasher: Abu Dhabi Islamic Bank (ADIB) - Egypt has removed the Qatari Riyal from its exchange rates screen, as shown by the bank’s website. The QAR registered EGP 4.64 for selling and EGP 4.93 for buying in the bank’s trade on Tuesday. …
Central Banks
Total will develop the world's largest gas field in Iran
5 July 05:52 PM Total inks deal on world's largest gas field in Iran
Mubasher: Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of the world's largest gas field. The French oil and gas giant said in a statement that the project will have a production …
Commodities
The Central Bank of Egypt
5 July 04:59 PM CBE sees record-high FX outcome Tuesday
Cairo - Mubasher: The Central Bank of Egypt (CBE) said that foreign exchange inflows surged in the last two days to more than $1.1 billion, a source in the central bank told Middle East News Agency (MENA). The CBE recorded its highest outcome of …
Central Banks
Investors at Boursa Kuwait
5 July 07:48 AM GCC investors likely to be cautious Wednesday – Analysts
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to witness a state of caution and anticipation on Wednesday in line with the current geopolitical conditions regarding the situation with Qatar and the neighbouring countries, …
Trading Activities