Levant news

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.

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 Reports

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 Markets brief

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 Markets brief

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.

Global Markets brief

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 Markets brief

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 Reports

3 December 2018 00:07 PM Qatar to withdraw from OPEC in January - Minister

Qatar is considered the 11th-biggest oil producer in OPEC

Oil and Energy

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 Markets brief

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 Reports

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

2 December 2018 03:48 PM Standard Chartered to slash jobs in Dubai, other key markets

More than 100 positions may be impacted in Dubai

Global Markets brief

2 December 2018 03:47 PM Qatar’s domestic liquidity falls 1.2% in October – QCB

M2 reached QAR 571.17 billion in October

Global Markets brief

2 December 2018 02:31 PM STC unit, Visa sign int'l payment deal

STC said that its investment arm, STC Pay, signed a memorandum of understanding (MoU) with the US-based Visa to provide international payment services

Global Reports