Levant news

20 minutes ago Oil prices near stable at 3-yr highs
Oil prices fell on Friday but remained at three-year highs ahead of US oil rig data
19 April 09:48 PM Watch Sophia answers Mubasher’s questions
Sophia was the first robot with an earthly citizenship, after being granted the Saudi citizenship not so long agoxasdas
19 April 08:44 PM UK to ban plastic straws, cotton buds
UK revealed on Thursday plans to impose a ban on the sale of plastic straws and drink stirrers and plastic-stemmed cotton buds
19 April 07:52 PM Oil-price surge may prompt next crisis -Analyst
The recent rise in oil prices could speed up a crisis in the energy market, according to an oil economist.
19 April 07:20 PM Miguel Diaz-Canel elected as new president of Cuba
Miguel Diaz-Canel has been sworn in as the new president of Cuba, after former leader Raul Castro decided to retire
19 April 06:11 PM US natural gas storage fall in week
US natural gas stockpiles declined last week, according to EIA
19 April 05:56 PM ‘Full-on global meltdown’ in stocks seen ‘too early’ -Goldman Sachs
A Goldman Sachs Asset Management top official has said that there should be no fears of a "global meltdown in equities"
19 April 05:25 PM Nestle sales rise 1.4% in Q1-18
Nestle has reported a growth in sales during the first quarter of 2018
19 April 05:07 PM Analyst warns of ‘violent’ oil sell-off as Saudi eyes $100/barrel
Analysts do not expect the recent rise in oil prices to continue towards Saudi Arabia's desired $100 per barrel
19 April 03:53 PM US jobless claims fall in week ended 14 April
Unemployment claims in the US fell in the week ended 14 April by 1,000 claims
19 April 03:12 PM Eurozone current account surplus falls in February​​​​​​​
The Eurozone’s current account surplus recorded a decline in February from the prior month.
19 April 02:07 PM Amazon Prime has over 100m members – Bezos
Jeff Bezos revealed that Amazon Prime subscribers have exceeded 100 million
19 April 01:38 PM Global pharmaceuticals sector seen “Stable” – Moody’s
The global pharmaceutical industry is expected to register a growth of 1%-2% in earnings in the coming 12 to 18 months, Moody's says
19 April 01:07 PM UK retail sales fall 0.5% in Q1
Retail sales in the UK decreased in the first quarter of 2018
19 April 12:47 PM Opel may cut 800 jobs in Germany – DPA
Carmaker Opel is reportedly planning to cut up to 800 jobs in Germany
19 April 12:04 PM Gold prices rise as metals rebound
Gold prices increased during Thursday's trades, backed by the rebound in the prices of metals and commodities.
19 April 11:51 AM Oil prices extend to rise on positive stockpile data
Oil prices sustained their increase on Thursday after settling at three-year highs the previous day
Global oil prices reached the highest level since 2014
19 April 09:51 AM Kuwait’s crude oil adds 83 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 83 cents to settle at $67.64 per barrel (pb) on Wednesday compared to $66.81 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
19 April 12:31 AM Oil prices surge to new 3-yr highs
Oil prices increased on Wednesday to their highest level in three and a half years backed by American crude data.
19 April 12:26 AM Gold prices ends Wednesday in gains
Gold prices rose by the end of Wednesday’s trade, as the US dollar neared its lowest level in three weeks
18 April 08:56 PM Black Panther enters history as 1st movie in Saudi cinemas
Saudi Arabia is set to open the first movie theater for the public in 35 years on Wednesday
18 April 07:47 PM Int’l airlines face higher costs for carbon emissions - Moody’s
A new report is expecting the passenger airline sector to be exposed to new costs from global decarbonization agreements
18 April 07:26 PM Iran switches reporting currency to EUR from USD
The Iranian government on Wednesday decided to change its reporting currency for foreign amounts to the euro
18 April 06:04 PM China’s new auto policy allows higher foreign ownership -Report
The Chinese government has announced policies that would allow foreign car companies to own more than 50% of their JVs in the country
18 April 06:03 PM US oil stocks down 1.1m barrels in week
Crude oil inventories in the United States declined by 1.07 million barrels last week