Media ININ Economy We Trust
Media In \ Muscat The Muscat Securities Market index closed at 734547 points, down 0.99 points, or 0.02 percent, compared with the last trading session of 4548.72 points. The turnover stood at 271 thousand and 550 riyals at a low of 91.65 percent compared to the last session of a …
Read More »Ma’aden raises Saudi stock index
MEDIA IN\ AGENCIES 08-12-2018 Saudi Arabian Mining Co. (Ma’aden) helped the Saudi stock index rise in early trading on Sunday as Dubai’s stock market stabilized after falling to its lowest level in more than five years last week. Ma’aden gained 2.6 percent after the company said on Oct. 6 that …
Read More »$ 135 million loan to Egypt
MEDIA IN\ AGENCIES 9-12-2018 The Egyptian government and the Kuwait Fund for Arab Economic Development signed two loan agreements worth $ 135 million to finance water desalination and agricultural sector support projects in South Sinai Governorate. According to the Kuwait News Agency (KUNA), the original loan amount (about 50 million …
Read More »Oil prices fall after OPEC deal
Media In / Agencies 08-12-2018 Oil prices closed higher than 2 percent on Friday after OPEC members and OPEC allies, led by Russia, agreed to cut output to absorb an abundance of global fuel stocks and support the market, but gains constrained fears cuts would not be enough to curb …
Read More »A record trade surplus between China and America
Media In / Agencies 08-12-2018 China’s trade surplus with the United States hit a record $ 35.6 billion in light of rising exports and falling imports, official figures released on Saturday showed. Chinese exports to the United States rose 9.8 percent in November year-on-year, while imports in the same month …
Read More »The Third Investment Forum “Africa 2018” starts in Sharm El Sheikh
08-12-2018 Media In \the Sharm El Sheikh Sharm El-Sheikh, the third forum for investment “Africa 2018”, held under the auspices of Egyptian President Abdel Fattah al-Sisi, and the participation of a number of leaders of the African continent and more than 3,000 entrepreneurs from the continent. The sessions of …
Read More »The UAE economy will grow by more than 3 percent in 2019
Media In 5-12-2018 UAE Economy Minister Sultan bin Saeed Al Mansouri said today that the UAE economy will grow between 2.5 and 3 percent in 2018 and then accelerate to more than 3 percent in 2019. This is in line with the latest estimates by the International Monetary Fund, which …
Read More »Oil prices fall on global growth fears
Media In \ Agencies 5-12-2018 Oil prices fell markedly by oversupply of US supplies and a decline in equity markets as the Chinese government warned against the growing adverse effects of the economy and expectations that Japan would post another quarterly contraction of GDP Brent crude for the year was …
Read More »Falling Gold Prices We adhered to the rise of the dollar
Media In / Agencies -5-12-2018 Gold prices fell, dropping from their peak in more than five weeks recorded during the previous session as the dollar rose. The spot price of gold fell 0.2 percent to $ 1235.31 an ounce, after hitting its highest since October 26 at $ 1241.86 an …
Read More »Trade and economic concerns down Wall Street 3%
Media IN-5-12-2018 The Wall Street fell more than 3 percent, led by losses in banking and industrial stocks, as the US bond market sent worrisome signs of economic growth and renewed investor fears about global trade. The Dow Jones industrial average <.DJI> was down 784.99 points, or 3.04 percent, at …
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