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2016-06-27 18:20:00

SAUDI'S GDP UPDOWN

SAUDI'S GDP UPDOWN

 

OIL PRICES JUNE 2016

 

OIL PRICES 2015 - 2016

According to REUTERS, growth in Saudi Arabia's non-oil gross domestic product is expected to slow to 2.8 percent in 2016 from 3.4 percent in 2015, Saudi central bank governor Ahmed al-Kholifey told state television station Ekhbariya.

Kholifey, speaking in an interview broadcast late on Saturday, was responding to a question about Saudi monetary policy and economic growth given global financial market turmoil caused by Britain's decision to leave the European Union.

He said the central bank was continuing to monitor key economic indicators, noting that the point-of-sale aggregate, an indicator of consumption, had risen 15 percent year-on-year in May and that a rebound of oil prices over the past few months had helped to support growth somewhat.

Repeating a central bank statement issued earlier on Saturday, Kholifey said Brexit would not have much impact on Saudi financial institutions because of their limited exposure to Britain and their healthy asset quality.

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Earlier: 

SAUDI'S OIL POLICIES 

THREE MAIN PLAYERS 

КРИСТАЛЛИЗАЦИЯ МИРОВОГО РЫНКА 

PRICE HAVE TO BE ABOVE $50 

SAUDI'S TRANSFORMATION

 

 

 

Tags: SAUDI, OIL, PRICES

Chronicle:

SAUDI'S GDP UPDOWN
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

SAUDI'S GDP UPDOWN
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

SAUDI'S GDP UPDOWN
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

SAUDI'S GDP UPDOWN
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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