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

Photo, Video

12:56 German startup hires Ferrari designer to make dreamy sci-fi car

40

Business

All category news

  • Oil hovers near $80/pb on US measures against Venezuela, Iran

    May 22, 2018 8:19 AM

    Mubasher: Oil prices edged up on Tuesday, driven by concerns about a potential drop in Venezuela’s output following a controversial presidential election and US tough demands to Iran which would trim the Persian Gulf country’s crude exports. US Nymex crude stood at $72.45 per barrel (pb) earlier on Tuesday, almost 0.3% higher its last traded price, while

  • Ryanair CEO: Airlines may face harsh winter on oil prices

    May 21, 2018 1:00 PM

    Mubasher: The chief of the Irish economic airline Ryanair expected that some of his European rivals would file for bankruptcy in the coming months, as reported by CNBC. Growing oil prices, and consequently fuel costs, would affect some of its regional peers which may go bust in early 2019. It is worth noting that a dramatic incline in crude futures over the past 12 months

  • UK plans to make clean cars seen 'not ambitious'

    May 21, 2018 11:06 AM

    Mubasher: Some energy specialists in the UK labelled the country’s plans to manufacture clean vehicles by 2040 as “not ambitious”, according to BBC News. The project should be carried out in the previous five years, head of the prestigious UK Energy Research Centre Jim Watson said. The British government is weighing up obliging new cars to operate by electricity

  • Gold retreats to 2018 low after US-China tariffs suspended

    May 21, 2018 10:53 AM

    Mubasher: Gold prices on Monday extended their fall, sliding to their lowest level reached so far this year, after strained US-China trade ties eased. By 10:37 am GMT, gold futures fell 0.60% to $1,283.60 per ounce, while spot gold dropped 0.62% to $1,284.96 per ounce. Monday's declines come off a weekly drop of 2.2% for the precious metal's futures

  • Oil prices hike Monday on US-China trade war suspension

    May 21, 2018 8:12 AM

    Mubasher: Oil price increased on Monday, helped by China and US’ agreement to put trade war on hold. Brent crudes stood at $79.13 per barrel (pb) earlier on Monday, $0.62 higher than their last close, while US Nymex futures reached $71.83 bp, inching up by $0.55 from their last session. The world’s two largest economies agreed on dropping their tariff

  • GFH Group recovers $22.5m in legal claims

    May 20, 2018 6:01 AM

    Dubai – Mubasher: GFH Financial Group on Sunday announced reaching an agreement involving the settlement of one of its legal claims. Under the settlement, the Bahrain-based financial group will receive a cash amount of $22.5 million. This sum, which will be reflected in the group’s financial results for the second quarter of 2018, will have a positive

  • China’s economy to grow 6.7% in Q2

    May 19, 2018 1:22 PM

    Mubasher: The Chinese economy is expected to register a growth rate of 6.7% in the second quarter of the year, according to the State Information Center’s (SIC) report that was published on Saturday in the China Securities Journal. This will mark a slight decline from the 6.8% growth in Q1-18, as the world’s second-largest economy is starting to lose some momentum

  • Gold down 2.2% in week

    May 18, 2018 11:05 PM

    Mubasher: Gold prices rose on Friday, but still registered weekly losses on the back of a stronger US dollar. The precious metal received support from the concerns regarding the trade talks between the United States and China, which President Donald Trump doubted would reach an outcome. Gold came under pressure this week, as the USD reached its highest

  • US wants to increase imports to south China

    May 18, 2018 2:02 PM

    Mubasher: The United States Department of Agriculture will hold talks in China next week, according to an official statement. The undersecretary for trade and foreign agricultural affairs, Ted McKinney will lead a trade mission to Guangzhou and Shenzhen between 21 and 25 May. The delegation will include a number of agribusiness and state government leaders

  • Eurozone, EU28 trade surplus rises in March

    May 18, 2018 11:06 AM

    Mubasher: The Eurozone trade balance's was a surplus of EUR 21.2 billion ($24.98 billion) in March, an increase from EUR 20.9 billion recorded in February. As for the 28 Members of European Union (EU28), the seasonally adjusted balance showed a surplus of EUR 6.3 billion ($7.42 billion) in the third month of 2018, compared to EUR 3.4 billion surplus