Levant news

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 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 Reports

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

2 December 2018 00:50 PM Made in Qatar Expo kicks off Monday in Oman

The four-day event will offer mega investment opportunities for manufacturers, businessmen and investors

Global Reports

1 December 2018 01:19 AM Oil prices record worst monthly loss since 2008

Nymex futures settled on Friday at $50.93 per barrel

Oil and Energy

1 December 2018 01:12 AM Gold prices narrow monthly gains

Gold futures for February delivery went down by 0.4% on Friday

Goods and Metals

30 November 2018 07:08 PM Italy’s economy shrinks in Q3 for first time since 2014

Italy's economy contracted in the third quarter of this year, for the first time since the second quarter of 2014, official data revealed on Friday.

Global Markets brief

30 November 2018 06:39 PM Brazil's economy grows in Q3 at fastest momentum in 18M

The Brazilian economy picked up steam in the third quarter of this year as record-low borrowing costs and one-off government-backed boost fuelled economic recovery.

Global Reports

30 November 2018 06:07 PM Marriott reveals private data breach of 500m guests

Marriott said that up to 500 million guests' data may have been accessed, as part of a breach of its Starwood reservation database.

Global Reports

30 November 2018 05:20 PM US, Canada, Mexico ink new trade pact

US President Donald Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto signed a new trade deal.

Global Reports

30 November 2018 04:53 PM EU to extend sanctions on Russia in December

The European Union would extend its current economic sanctions against Russia next month, a top official in the bloc said on Friday.

Global Reports

30 November 2018 04:25 PM Trade war escalation ‘most likely’ Trump-Xi meeting outcome –Goldman Sachs

Goldman Sachs’ analysts expected that a continued escalation of the US-Sino trade war would be the “most likely” outcome of the highly anticipated bilateral meeting.

Global Reports

30 November 2018 03:42 PM German retail sales extend decline in October

German retail sales declined for the fourth month in a row in October, signalling weaker consumer spending in Europe's largest economy.

Global Markets brief

30 November 2018 02:29 PM S.Korea lifts interest rates for first time in year

South Korean central bank raised its benchmark interest rate for the first time in a year.

Global Markets brief

30 November 2018 01:19 PM Eurozone jobless rate stable at 8.1%, EU28 6.7% in October

Eurozone unemployment stood at 8.1% in October, unchanged from September, maintaining the lowest figure since November 2008, according to official data released on Friday.

Global Reports

30 November 2018 01:09 PM Eurozone annual inflation to slip to 2% in November

Provisional estimates indicated that the Eurozone annual inflation would decline to 2% in November, from 2.2% in October, according to official data released on Friday.

Global Reports

30 November 2018 00:56 PM Chinese factories stall activity in November

Factory activity in China stalled in November, as business sentiment deteriorated on mounting uncertainties from trade conflict with the US.

Global Markets brief

30 November 2018 00:29 PM China nonmanufacturing activity hits 15M trough in November

An official gauge for China's nonmanufacturing sector activity retreated to the lowest level in 15 months in November, as construction activity weakened anew.

Global Reports