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  • Cryptocurrencies malware targets Telegram

    February 13, 2018 7:17 PM 8

    Mubasher: Kaspersky announced on Tuesday that it has uncovered a malware targeting the users of the desktop version of Telegram. The malicious software has been used to target Russian users of the messaging app since March 2017, according to Kaspersky. It was designed to trick users of Telegram’s desktop computer software into enlisting their machines

  • UK tests 10-Gbps home broadband

    February 13, 2018 2:14 PM 11

    The British broadband operator Hyperoptic announced that the UK has conducted tests for broadband speeds of up to 10 gigabits per second (Gbps) in a home for the first time. The UK's firms are looking to roll out full-fiber technology across the European country, BBC added. It is necessary to introduce higher broadband speeds in a bid to cope with the country’s

  • Forbes lists richest digital currency owners

    February 13, 2018 11:52 AM 11

    New York-based media giant Forbes released the first-ever cryptocurrency billionaire list in its February issue, ranking the richest digital currency holders across the globe. The list named the wealthiest people in the cryptocurrency world based on estimated holdings of coins, post-tax profits from trading, and stakes in crypto-businesses. “Our first-ever

  • Dubai sees sale of 50 bitcoin-priced units

    February 13, 2018 11:00 AM 11

    Dubai – Mubasher: Over 50 apartment units in Dubai, priced in bitcoin currency, were sold out. Developed by UK-based entrepreneurs Michelle Mone and Doug Barrowman, the prices of the sold homes ranged between 15 bitcoins ($120,000 or AED 450,000) and 45 bitcoins ($360,000 or AED 1.35 million), according to Business Insider. “There was a mixture of buyers

  • European stocks slip after strong start; UK sole gainer

    February 13, 2018 9:11 AM 10

    European indices on Tuesday reversed early gains and turned lower, while UK equities saw mixed performance before standing in green. By 08:55 am GMT, the Eurozone’s main index Stoxx 600 declined 0.19% to 372.24 points, while UK FTSE 100 inched up 0.01% to 7,177.93 points ahead of inflation data due at 09:30 am GMT. Meanwhile, Germany’s DAX tumbled 0.36% to 12,238.34 points

  • Kuwait’s crude oil up 69 cents on Monday – KPC

    February 13, 2018 8:56 AM 10

    Mubasher: The price of Kuwait’s crude oil increased by 69 cents to settle at $59.64 per barrel (pb) on Monday compared to $58.95 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices eliminated the gains previously achieved on Monday following the data disclosed regarding the OPEC production

  • Kuwait Energy to sell stake in Iraq’s Block 9 to UAE firm

    February 13, 2018 6:39 AM 13

    Mubasher: Kuwait Energy has signed an agreement on Monday to sell a stake in Block 9 in Iraq to Dragon Oil, a subsidiary of Emirates National Oil Company Limited (ENOC), as reported by Reuters. Based on the agreement, a stake of 15% will be assigned for the interest in Block 9 to Dragon Oil, Reuters said. The total 15% is divided as 8.57% interest in consideration

  • OPEC raises 2018 forecast for oil supply growth

    February 12, 2018 2:55 PM 11

    The Organization of Petroleum Exporting Countries (OPEC) on Monday raised its expectations for oil supply growth from non-OPEC members in 2018 on the back of the rising US output. Over the course of this year, non-OPEC production is expected to grow by around 1.40 million barrels per day (bpd) to 59.26 million bpd, OPEC's monthly report showed. The report

  • OPEC output falls in January on Venezuela trim

    February 12, 2018 1:17 PM 9

    The Organization of Petroleum Exporting Countries (OPEC) on Monday announced a drop in its oil production in January from a month earlier. OPEC output fell in the first month of 2018 by 8,100 barrels to 32.30 million barrels per day (bpd) on the back of lower production from several countries led by Venezuela, and followed by Nigeria and Angola, the report

  • 4 Arab countries raise output despite OPEC deal

    February 12, 2018 1:10 PM 9

    Four Arab countries raised their oil production in January despite the agreement made by the Organization of Petroleum Exporting Countries (OPEC), which entails reducing output in order to bolster oil prices. OPEC and non-OPEC producers had agreed to trim production by 1.8 million barrels per day (bpd) until the end of 2018. Iraq recorded the highest