Latest News

9 minutes ago Gold slips as dollar gains, investors focus on Fed meeting
Gold fell on Friday, as a stronger US dollar weighed on the precious metal which was heading to post its largest fall in five weeks.
40 minutes ago Oil falls on China economy fears, as supply curbs support
Oil fell on Friday amid worries about the slowdown in Chinese economic growth, but supply curbs announced by oil producers offered some support for prices.
12:48 AM Trump wants Fed to stop interest hikes  
Mubasher: The President of the United States hopes that the Federal Reserve will not be raising interest rates anymore
12:40 AM US budget deficit up 48% in November 
The United States saw a jump in the budget deficit in November, due to an increased public spending.
12:34 AM Oil settles with big gains 
Oil prices ended today's trading session on a higher note supported by plans by major producers to cut crude output
12:26 AM Gold settles lower Thursday 
Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies
Bahrain's government is currently working on a raft of policies to prop up startups
13 December 09:20 PM Bahrain eyes becoming innovative hub for startups in GCC- EDB
By: Mohammad Shokhba Cairo – Mubasher: Bahrain is seeking to be the innovative hub for startups in the GCC region, Mohamed Hejres, senior manager of investors relations and government affairs at the Bahrain Economic Development Board (EDB), said. …
13 December 06:34 PM US natural gas storage drops as prices surge
The US natural gas inventories dropped by 77 billion cubic feet (Bcf) in the week ended 7 December to a total of 2,914 Bcf.
13 December 06:30 PM ECB’s head sees economic risks ‘moving to downside’
The European Central Bank President Mario Draghi warned that economic risks facing the Eurozone are now “moving to the downside.”
13 December 05:10 PM Saudi GAZT, Al Khaleej Training ink SAR 23m deal
Saudi GAZT, Al Khaleej Training ink SAR 23m deal
13 December 05:00 PM US weekly jobless claims drop 27,000 in early December
US unemployment claims dropped 27,000 week-on-week to 206,000 claims in the week ended 8 December, data released on Thursday showed.
13 December 04:50 PM US import prices record largest drop in 3 yrs
The costs of the US import dropped in November, helped mainly by lower fuel prices, data released on Thursday showed.
13 December 04:35 PM TASI hits 8-session high, Nomu surges 71 pts Thursday
TASI hits 8-session high, Nomu surges 71 pts Thursday
The acquisition gives the European dairy giant full ownership of a cheese production site in Bahrain
13 December 04:34 PM Danish Arla Foods to acquire Mondelez International’s ME cheese business
Mubasher: Danish dairy group Arla Foods has reached a deal with US Mondelez International to acquire its processed cheese business in the Middle East region. The acquisition gives the European dairy giant full ownership of a cheese production site …
13 December 04:02 PM ECB holds interest rates; QE to end in December
The European Central Bank on Thursday decided to keep its key interest rates on hold.
13 December 03:48 PM Turkey C.bank holds interest rate unchanged
Turkey's central bank on Thursday kept its benchmark rate unchanged.
13 December 03:31 PM Swiss C.bank maintains ultra-loose policy, slashes inflation outlook
Switzerland's central bank left its expansive monetary policy unchanged, lowering its inflation forecast for next year citing strong Swiss franc and economic downside risks.
13 December 02:59 PM Norway C.bank puts rate on hold, expects slower tightening pace
Norway's central bank left its benchmark interest rate unchanged, but said it would tighten cost of borrowing at a slightly slower pace than previously planned.
Saudi Arabia mulls Red Sea bloc for Arab, African nations
13 December 02:10 PM Saudi Arabia mulls Red Sea bloc for Arab, African nations
Riyadh – Mubasher: Saudi Arabia, the world's largest oil producer, is mulling over bringing several countries lining the Red Sea and Gulf of Aden into a bloc in an effort to prop up trade and maritime navigation, according to state-backed media. …
13 December 01:47 PM Global oil supply could tighten more rapidly in 2019–IEA
The global oil market could shift into supply shortage sooner than expected, the International Energy Agency said on Thursday.
13 December 01:31 PM Saudi Arabia exports frozen shrimp to China
Saudi NAQUA plans to increase shipments to 80,000 tonnes by 2020, generating as much as SAR 2 billion in revenue
13 December 12:51 PM Apple plans to establish $1bn campus in Texas
Apple on Thursday said that it would invest $1 billion to build a new campus in Texas, with another $10 billion for new data centres.
Brent crude, February futures, added 0.5%
13 December 12:33 PM Kuwait crude oil adds 79 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 1.35% or 79 cents to settle at $58.90 per barrel on Wednesday compared to $58.11 pb in the previous session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the …
13 December 12:24 PM DHC recommends SAR 160m capital hike via bonus shares
DHC recommends SAR 160m capital hike via bonus shares
13 December 12:24 PM Philippines holds key rate after hiking streak on cooling inflation
The Philippine central bank held its benchmark interest rate steady, for the first time in six meetings as inflation pressures cooled, and the peso strengthened.