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31 May 10:30 PM

Levant news

4 December 2018 01:19 PM Eurozone industrial producer prices rise 0.8% in October, EU28 0.7%
Industrial producer prices grew 0.8% in both of the Eurozone and 0.7% in the 28-member European Union (EU28) in October, compared to September.
Global Markets brief
4 December 2018 01:02 PM UK construction output growth hits 4M high in November
The UK construction sector activity saw a robust growth during November, a survey showed on Tuesday.
Global Markets brief
4 December 2018 00:24 PM Saudi Arabia’s bank lending hikes 1.7% in October – SAMA
Saudi Arabia's bank lending increased by 1.7% year-on-year, or SAR 24.14 billion ($6.44 billion), to SAR 1.43 trillion ($382.24 billion) in October
Global Markets brief
4 December 2018 00:20 PM Many Americans have not benefited from strong US economy- Powell
While US central bank made progress toward a “strong economy” with wage raises, many lower-income citizens were left behind.
Global Reports
4 December 2018 11:49 AM Dollar retreats on falling US bond yields, truce with China
US dollar fell as US Treasury yields dropped to three-month lows, which indicated for some traders that the Federal Reserve would slow rate hike pace.
Currencies
4 December 2018 11:26 AM Abu Dhabi to implement AED 164m road projects
The Abu Dhabi City Municipality has said that it is currently implementing road projects with a combined value of AED 164 million
Global Reports
4 December 2018 11:16 AM Oil climbs on OPEC-led output cut prospects
Oil prices climbed on Tuesday, extending strong gains from the prior session, encouraged by prospects of supply cuts by OPEC.
Global Markets brief
3 December 2018 06:56 PM Shell to tie executive pay to carbon cutting targets
Oil and gas major Shell announced plans to set carbon emission targets next year and link them to executive bonuses.
Global Markets brief
3 December 2018 06:16 PM US factory activity climbs in October – ISM
Economic activity in the US manufacturing sector grew at a faster pace in November, while the overall economy advanced for the 115th straight month.
Global Markets brief
3 December 2018 05:58 PM Toyota, Honda sales in US drop in November
Sales of new Toyota and Honda cars in the US fell last November, the Japanese auto giants said on Monday.
Global Markets brief
3 December 2018 05:20 PM Made in Qatar Expo opens in Oman Monday
The event took place at the Oman Conference and Exhibition Centre
Global Markets brief
3 December 2018 05:15 PM Verizon, Samsung to launch 5G phones in US next year
Verizon and Samsung said on Monday that they plan to release fifth generation smartphones in the first half of the next year in the US.
Global Reports
3 December 2018 04:57 PM Unilever to acquire GSK’s India drink unit
Unilever on Monday said that it agreed to buy GlaxoSmithKline's Horlicks nutrition portfolio in India for EUR 3.3 billion ($3.73 billion).
Global Reports
3 December 2018 04:20 PM Apple to launch first 5G iPhone in 2020 – Report
Apple plans to wait until at least 2020 before releasing an iPhone which can connect to the next generation of high-speed phone services.
Global Markets brief
3 December 2018 03:44 PM China's manufacturing activity growth ticks up in November
Activity in Chinese factories expanded at a slightly faster momentum in November.
Global Reports
3 December 2018 03:01 PM Turkish inflation retreats from 15-yr high in November
Turkey's annual consumer price inflation slowed in November from a 15-year peak in October, driven by slower momentum across the consumer basket.
Global Markets brief
3 December 2018 01:59 PM Russia, Saudi Arabia to prolong OPEC+ accord – Putin
Russia and Saudi Arabia agreed to extend their accord to manage the oil market, known as OPEC+, into the next year.
Oil and Energy
3 December 2018 01:15 PM China to slash tariffs on US auto imports – Trump
US President Donald Trump said that China agreed to “reduce and remove” duties below the 40% level currently imposed on US-made vehicles.
Global Reports
3 December 2018 01:07 PM Emaar’s unit sells AED 2.2bn hotels to ADNH
Abu Dhabi National Hotels (ADNH) announced that it has purchased five hotels from Emaar Hospitality
Global Reports
3 December 2018 01:01 PM UK manufacturing activity growth picks slight momentum in November
UK's manufacturing sector activity growth marginally accelerated in November, a report released by IHS Markit and Chartered Institute of Procurement and Supply (CIPS) showed.
Global Reports
3 December 2018 00:45 PM Eurozone manufacturing activity extends slowdown in November
Eurozone manufacturing activity extended its growth slowdown in November, hitting the weakest level in more than two years.
Global Markets brief
3 December 2018 00:07 PM Qatar to withdraw from OPEC in January - Minister
Qatar is considered the 11th-biggest oil producer in OPEC
Global Markets brief
3 December 2018 11:31 AM Oil soars on US-China trade truce ahead of OPEC meeting
Oil prices surged on Monday after the US and China agreed to a 90-day truce in their trade conflict.
Global Reports
2 December 2018 07:46 PM Saudi Arabia, Mauritania ink 3 collaboration deals
The Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has announced signing three collaboration contracts with Mauritania during his visit
Global Markets brief
2 December 2018 05:51 PM Qatar's investments in Oman hit $200m
The total value of Omani companies amounted to OMR 116 million ($301.86 million)
Global Markets brief