Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Archive: All news

  • Eurozone core inflation to gain ‘vigorous’ momentum–ECB’s Draghi

    September 24, 2018 4:08 PM

    Mubasher: European Central Bank (ECB) President Mario Draghi said on Monday that the underlying inflation in the Eurozone is set to pick up “relatively vigorous” steam. “Looking forward, annual rates of HICP [harmonised index of consumer prices] inflation are likely to hover around current levels in the coming months and are projected to reach 1.7% in each year between

  • Microsoft, SAP, Adobe to form data alliance

    September 24, 2018 3:23 PM

    Mubasher: Microsoft, SAP and Adobe announced on Monday that they would set up a data alliance which would facilitate running applications for customers. During the Open Data Initiative at a Microsoft conference in Florida, the three software giants declared that the alliance would make it easier to categorise information silos, so businesses could build

  • Facebook appoints Ajit Mohan as India's head

    September 24, 2018 1:30 PM

    Mubasher: Facebook named Ajit Mohan, the head of Indian video streaming service Hotstar, into the newly created position of the managing director of the Indian business. Mohan, who worked as Hotstar’s CEO since last April, will hold the position of the managing director and vice president of Facebook India from the beginning of the next year, the US social

  • Africa oil industry strengthens on investment, policy reform efforts

    September 24, 2018 10:42 AM

    Mubasher: Africa’s oil industry is strongly growing and rebounding well, the African Energy Chamber said. The recovery in the world’s commodity market was mirrored in positive sentiment and investment inflows across the continent’s energy value chain, which lead to advanced policy dialogue and more international investments across Africa’s energy markets

  • Big 5 Qatar kicks off Monday

    September 24, 2018 8:37 AM

    Mubasher: The Big 5 Qatar will officially open its doors at the Doha Exhibition & Convention Centre (DCCC) on Monday, 24 September. The Big 5 Qatar exhibition takes place during the period between 24 and 26 September. The three-day event will host around 240 exhibitors from more than 21 countries across the world including Kuwait, Turkey, Italy, China

  • Oil soars on tight market Monday; further hikes expected

    September 24, 2018 8:32 AM

    Mubasher: Oil prices jumped earlier on Monday as US sanctions restricted Iranian crude shipments, tightening global supply, while some traders projected prices would hike up to $100 per barrel (pb). Around 7:30 am GMT, US Nymex crude climbed $1.18 to $71.96 pb from their last close, while global Brent crude tapped its highest since last May at $80.47 pb, $1.63 higher

  • Egypt’s economy among the highest in Middle East – Lagarde

    September 24, 2018 7:22 AM

    Mubasher: The economy of Egypt is currently showing strong signs of recovery, Christine Lagarde, managing director of the International Monetary Fund (IMF) stated. Following a meeting with President Abdel Fattah El Sisi in New York, Lagarde said that Egypt’s economic growth is considered among the highest in the Middle East region. “President El Sisi and I discussed

  • Bahrain’s AGU calls on construction firms to bid for King Abdullah Medical City

    September 23, 2018 2:04 PM

    Mubasher: The Arabian Gulf University (AGU) in Bahrain has invited leading construction companies to submit their bids for the building and construction works of King Abdullah Medical City. This medical city was instructed to be launched by the late King Abdullah bin Abdulaziz, according to a statement on Sunday. “King Abdullah Medical City project

  • May challenges EU leaders; Brexit talks hit deadlock

    September 21, 2018 3:50 PM

    Mubasher: UK Prime Minister Theresa May on Friday said that discussions over the country’s departure the European Union (EU) had hit an impasse, defying Brussels to come up with plans. This came after the EU leaders lashed out at Premier May’s plan at a summit in Salzburg, demanding her to give some ground on trade and customs arrangements for the UK Irish

  • UK threatens no-deal Brexit unless EU changes Irish border stance

    September 21, 2018 1:16 PM

    Mubasher: The UK would crash out of the European Union (EU) without an agreement, should not the bloc’s leadership soften its stance on the Irish border, Transport Secretary Chris Grayling said. “At the moment what the European Union is asking in and around Northern Ireland is simply impossible for any UK government to accept. And actually if they stick