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07 April 02:50 PM

Gulf news

23 May 2019 00:12 AM Oil ends lower on Wednesday  
Mubasher: Oil futures fell at Wednesday’s settlement, as US inventories rose.  
Oil and Energy
22 May 2019 10:21 PM Gold goes up at Wednesday’s settlement   
Mubasher: Gold settled higher on Wednesday, as minutes from the Federal Open Market Committee showed near consensus over patient stance on interest rates.
Goods and Metals
22 May 2019 03:04 PM UK house prices grow 1.4% in March
Annual house price growth in the UK picked up during March, the Office for National Statistics (ONS) said.
Global Markets brief
22 May 2019 02:53 PM Japan’s exports fall for fifth month amid US-Sino trade disputes
The drop in exports was mainly ascribed to a 41% plunge in China-bound shipments of chip-making tools and semiconductor components.
Global Markets brief
22 May 2019 01:24 PM US considers adding 5 Chinese surveillance firms to blacklist
The ban on the Chinese giant also threatened to derail global economic growth and disrupt the rollout of fifth-generation (5G) networks.
Global Reports
22 May 2019 00:21 PM UK output price growth slows down slightly in April
Crude oil provided the biggest upward contributions to input annual inflation rate, climbing to 6.9% year-on-year.
Global Reports
22 May 2019 00:04 PM UK consumer inflation picks up steam in April
The UK's consumer price index, the headline gauge for the country’s inflation, edged up to 2.1% year-on-year in April, from 1.9% in March.
Global Markets brief
22 May 2019 11:57 AM UK public borrowing hits 12-yr trough in April
The UK's public sector net borrowing recorded the lowest April level since 2007.
Global Reports
22 May 2019 11:10 AM Gold wobbles near 2-week trough as dollar strengthens
A firmer dollar and signs of easing tensions between the US and China limited demand for the precious metal.
Global Reports
22 May 2019 10:47 AM Oil drops on US stockpile increase despite tight market
US oil inventories climbed by 2.4 million barrels last week to 480.2 million barrels.
Global Reports
22 May 2019 00:37 AM Oil levels down at Tuesday’s settlement
​​​​​​​Mubasher: Oil futures settled lower on Tuesday on worries over the impact of Sino-American spat and the tensions in the Middle East on demand.
Oil and Energy
21 May 2019 10:22 PM Gold settles lower on Tuesday  
​​​​​​​Mubasher: Gold levelled down at Tuesday’s settlement on the back of strengthened US dollar.  
Goods and Metals
21 May 2019 04:08 PM Dallas-Fort Worth Airport, American Airlines to open sixth terminal
Dallas Fort Worth International Airport and American Airlines are joining forces to develop a sixth terminal that would open by 2025.
Global Markets brief
21 May 2019 03:33 PM Bloomberg to hold New Economy Forum in Beijing in November
Bloomberg and a Chinese state-backed think tank on Tuesday announced the second iteration of the New Economy Forum will be held in Beijing next November.
Global Reports
21 May 2019 02:55 PM All-out trade war could prompt zero Fed rates–Morgan Stanley
The US Federal Reserve could cut interest rates to zero within a year, as the global economy was heading for a recession.
Global Reports
21 May 2019 02:22 PM Thailand’s economic growth hits 4-yr low in Q1
The NESDC said that growth should pick up in the second half of the year, as exports are set to gradually rebound.
Global Reports
21 May 2019 01:25 PM Kaspersky to open Rwandan office to expand East Africa growth
The Kigali office will provide Kaspersky’s award-winning solutions and services to all sectors and all sorts of businesses in the African nation.
Global Markets brief
21 May 2019 00:47 PM US scales back few restrictions on Huawei
The authorisation, effective for 90 days, aims to provide telecoms providers which rely on Huawei’s equipment and hardware time to make other arrangements.
Global Reports
21 May 2019 00:17 PM Singapore’s economy slows to 10-yr trough amid global risks
Singapore's economy slowed down year-on-year in the first quarter of 2019, amidst the escalating trade war between the US and China and fading global demand.
Global Reports
21 May 2019 11:48 AM Gold eases as dollar usurps safe-haven appeal
The metal’s safe-haven appeal was taken over by the dollar on increasing wagers that the US Federal Reserve will not cut interest rates this year.
Global Markets brief
21 May 2019 11:19 AM Oil rises on US-Iran tensions; trade conflict fears cap gains
Gains were capped by worries that a protracted trade conflict between the US and China will curtail global economic growth.
Global Reports
20 May 2019 04:22 PM German economic growth seen weak despite last rebound – C.bank
The recovery in the German economy at the start of the year was mainly attributed to one-off factors, while the underlying growth trend remained weak.
Global Markets brief
20 May 2019 03:56 PM Russia sees various options to OPEC deal in H2-19
The Organization of the Petroleum Exporting Countries and its allies have different options over the output policy in the second half of 2019.
Global Markets brief
20 May 2019 03:29 PM Huawei prepared back-up OS if blocked from US-built software
Huawei built its own operating system for smartphones and computers in case it is blocked from US software from Microsoft and Google.
Global Reports
20 May 2019 02:58 PM Bitcoin’s leap echoes 2017 dramatic price swings–JPMorgan
The digital currency climbed well beyond its “intrinsic value,” mirroring a similar pattern in 2017, which preceded a plunge later on.
Global Markets brief