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28 February 06:23 PM

Local Economy

Saudi Arabian Monetary Authority
27 February 05:33 PM Saudi reserves up 2.4% in January – SAMA
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) reported an increase in assets by 2.54% during January 2020, compared with the same months of last year to SAR 1.91 trillion. On a monthly basis, assets marginally increased compared …
Central Banks
Special 95 gasoline will be priced at AED 2.04 per litre
27 February 03:03 PM UAE to cut fuel prices in March
UAE – Mubasher: The UAE's Fuel Price Follow-up Committee decided to lower gasoline and diesel prices, which include a 5% value-added tax (VAT), starting from March 2020. Next month, the per-litre prices of gasoline E-Plus 91 and Special 95 will be …
Macroeconomics
Global oil prices declined on Wednesday
27 February 02:40 PM Kuwait oil slips $2.18 on Wednesday - KPC
Mubasher: Kuwait’s crude oil price retreated by $2.18 on Wednesday to reach $54.40 per barrel (pb) from $56.58 pb a day earlier, according to official prices of Kuwait Petroleum Corporation (KPC). Global oil prices also slid amid fears over a …
Commodities
The countries will be routing mail via Oman
27 February 01:26 PM Four countries resume postal services with Qatar
Mubasher: Qatar's Communications Regulatory Authority (CRA) announced the resumption of postal services with the UAE, Saudi Arabia, Bahrain, and Egypt after being frozen since June 2017.   This came after a meeting organised by the UN’s Universal …
Macroeconomics
Flights will resume this Thursday
27 February 01:07 PM Kuwait Airways resumes commercial flights to Rome, Bangkok
Mubasher: Kuwait Airways will resume its regular commercial flights to Rome and Bangkok starting Thursday, 27 February, the company disclosed on Twitter. The move is in coordination with the emergency committee appointed by the Kuwaiti cabinet. …
Global Economy
The forum was set to take place during the period from 3 to 5 March
27 February 12:50 PM Kuwait Health, Safety Forum postponed due to coronavirus
Mubasher: Kuwait Fire Service Directorate has postponed the Kuwait Health, Safety and Environment Forum 2020 until further notice, in response to the outbreak of the coronavirus (COVID-19), Kuwait News Agency (KUNA) reported. The decision is in …
Global Economy
The total number of cases in Kuwait have now reached 43
27 February 12:17 PM Kuwait announces 17 new Coronavirus cases
Mubasher: Kuwait on Thursday confirmed that 17 new cases have tested positive for the China coronavirus (COVID-19), bringing the total number of infections to 43 in the Arabian Gulf country so far. The new cases involved those who arrived from …
Global Economy
The flight will take off at 2:25 pm Milan local time
27 February 10:51 AM Kuwait to evacuate citizens from Milan Thursday
Mubasher: Kuwait Airways will send a plane to Italy’s Milan on Thursday, 27 February, to evacuate Kuwaiti nationals, as the number of coronavirus (COVID-19) cases in Italy surged to 400 until the moment, the company said on its official Twitter …
Global Economy
The government will evacuate nationals from coronavirus-hit areas
27 February 10:17 AM Kuwait takes more measurements against coronavirus
Mubasher: Kuwait’s cabinet held an extraordinary meeting on Wednesday, 26 February, and announced eight new decisions in a bid to combat the spread of the coronavirus (COVID-19) epidemic, as the total number of infections reached 26 in the …
Global Economy
The societies will provide facemasks, sanitizers, and detergents
26 February 05:05 PM Kuwait to provide coronavirus supplies via cooperative societies
Mubasher: Kuwait’s cooperative societies are allowed to use their separate allocations to provide necessary medical supplies in a bid to combat the novel coronavirus (COVID-19), the country’s Minister of Social Affairs and Minister of State for …
Global Economy
The patients were among those who came from Iran
26 February 01:46 PM Kuwait confirms seven more coronavirus cases; takes count to 25
Mubasher: Kuwait reported seven new cases of the coronavirus (COVID-19) to bring the total number of infections to 25 in the country so far.   The patients were amongst those who came from Iran, the ministry said on its official Twitter page on …
Global Economy
Brent crude declined by $1.35 on Tuesday
26 February 01:02 PM Kuwait’s crude oil dips 17 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil slipped by 17 cents on Tuesday to reach $56.58 per barrel (pb) when compared to $56.75 pb last Monday, according to official prices released by Kuwait Petroleum Corporation (KPC). Global prices also fell …
Macroeconomics
The decision comes into effect on Wednesday
26 February 10:24 AM Kuwait suspends flights with Singapore, Japan over coronavirus fears
Mubasher: Kuwait’s Directorate General of Civil Aviation (DGCA) has suspended all flights to and from Singapore and Japan in response to the outbreak of the coronavirus (COVID-19) epidemic. The decision, which comes into effect today, concords …
Global Economy
Khalid Al Falih, Saudi Minister of Investment
25 February 06:11 PM Khalid Al Falih named Saudi investment minister
Riyadh – Mubasher: King Salman of Saudi Arabia has appointed Khalid Al Falih as Minister of Investment, Saudi Press Agency (SPA) reported. This comes as the Saudi King has issued a royal decree creating an investment ministry by transforming the …
Macroeconomics
Côte d’Ivoire registered an 8% GDP growth rate in 2019
25 February 05:55 PM Drogba backs Côte d’Ivoire by raising $15bn commitments for tourism
Mubasher: Didier Drogba, the international football star, has helped in collecting a total of $15 billion memoranda of understanding (MoUs), in a move to boost developments of the tourism sector in his birthplace, Côte d’Ivoire. The West African …
Global Economy
The signing ceremony
25 February 05:23 PM Mawani hands land to NPCC for SAR 160m fabrication yard
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) and the National Petroleum Construction Company (NPCC), a part of Senaat Abu Dhabi, signed a hand-over agreement at a ceremony attended by government representatives and industry leaders. The …
Companies Investments
The UAE will receive around 3m international visitors during Expo 2020
25 February 05:12 PM Expo 2020 to attract additional 1.4m visitors from 5 key markets
UAE – Mubasher: Additional 1.4 million visitors from five key markets, namely India, Saudi Arabia, Philippines, the UK, and Pakistan, will arrive to the UAE during Expo 2020 Dubai. At the event, set to welcome 25 million visitors during the period …
Global Economy
The UAE has suspended all flights arriving to and coming from Iran
25 February 04:33 PM UAE halts all flights to, from Iran over coronavirus fear
UAE – Mubasher: The UAE's General Civil Aviation Authority (GCAA) has suspended all flights arriving to and coming from Iran over the new coronavirus fear, according to the Emirates News Agency (WAM). The suspension of all passenger and cargo …
Global Economy
Photo Archive
25 February 03:58 PM Saudi imports up 18% in December
Riyadh – Mubasher: Imported goods by Saudi Arabia grew by 18.3% during December 2019 to a total value of SAR 49.59 billion, compared with SAR 41.9 billion for the same month in the year before. On a monthly basis, imports increased by 31.1% …
Macroeconomics
The three new cases arrived from Iran
25 February 03:33 PM Kuwait’s health ministry confirms 8 coronavirus cases
Mubasher: Kuwait’s Ministry of Health announced that three Kuwaiti nationals had tested positive for the new coronavirus (COVID-19) epidemic, bringing the total infected cases to eight in the country until the moment. The three new cases arrived …
Global Economy
Global prices retreated by around 4% on Monday
25 February 01:55 PM Kuwait’s crude oil slid to $56.75 pb on Monday – KPC
Mubasher: The price of Kuwait’s crude oil declined by $1.84 on Monday, 24 February, to reach $56.75 per barrel (pb) as compared to KWD 58.59 pb last Friday, according to the official prices by Kuwait Petroleum Corporation (KPC). On the global …
Macroeconomics
Bahrain's residents should adhere to health guidelines to combat the novel virus
25 February 12:00 PM Bahrain suspends flights from Dubai, Sharjah for 48 hrs over coronavirus
Mubasher: Bahrain’s The Civil Aviation Affairs (CAA) has suspended all flights to and from the Dubai International Airport (DXB) and Sharjah International Airport for 48 hours starting early hours of 25 February 2020. The CAA is collaborating with …
Global Economy
Saudi Stock Exchange
25 February 11:57 AM Tadawul approves SAR 508m gov’t debt instruments
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has issued its resolution on Wednesday approving the listing request of SAR 508 million worth of government-issued debt instruments. This is an increase in the issuance 7 January 2020 issuance, …
Trading Activities
The decision came during the cabinet’s weekly meeting on Monday
25 February 10:34 AM Kuwait cancels celebrations of National, Liberation days on coronavirus fears
Mubasher: The Kuwaiti cabinet has cancelled all celebrations scheduled for the National and Liberation Day holidays until further notice. The cabinet called upon all citizens to consider the efforts and steps the government is taking to contain …
Global Economy
Signing the agreement
24 February 04:58 PM SAMA, CMA sign electronic link agreement
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) and the Saudi Capital Market Authority (CMA) signed a joint electronic link agreement to benefit from the "Tanfeith" program. The program aims at the direct linking and integration of …
Macroeconomics