Finance
2019, March, 29, 11:30:00
SAUDI ARAMCO PAYS $69.1 BLN
Saudi Aramco announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a private transaction for $69.1bn.
2019, March, 29, 11:25:00
SAUDI ARAMCO, MCDERMOTT PLATFORMS
The new facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules.
2019, March, 29, 11:20:00
U.S. CURRENT ACCOUNT DEFICIT UP TO $134.4 billion
U.S. BEA - The U.S. current-account deficit increased to $134.4 billion (preliminary) in the fourth quarter of 2018 from $126.6 billion (revised) in the third quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.6 percent of current-dollar gross domestic product (GDP) in the fourth quarter, up from 2.5 percent in the third quarter.
2019, March, 29, 11:15:00
U.S. TRADE DEFICIT $51.1 BLN
U.S. BEA - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $51.1 billion in January, down $8.8 billion from $59.9 billion in December,
2019, March, 29, 10:55:00
U.S. GDP UP 2.2%
U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the fourth quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
2019, March, 29, 10:45:00
EnBW RENEWABLE INVESTMENT $13.5 BLN
EnBW on Thursday unveiled a 12-billion euro ($13.5 billion) investment plan and said it was close to acquiring French renewable group Valeco, as the German utility continues its strategy of moving away from fossil fuels.
2019, March, 27, 11:40:00
SAUDI ARAMCO NEED $150 BLN
Aramco’s gas expansion strategy needs $150 billion of investment over the next decade as the company plans to increase output and later become a gas exporter, Nasser had said in November.
2019, March, 27, 11:35:00
UAE GDP UP 3.5%
The UAE's GDP is set to expand 3.5 percent this year against 2.8 per cent in 2018, thanks to a stimulus package worth AED50 billion announced last year along with a host of other measures for the ease of doing business in all the emirates, said Director of Dubai Customs, Ahmed Mahboob Musabih, while chairing the first quarterly Consultative Council meeting in 2019.
2019, March, 27, 11:30:00
UAE SOLAR INVESTMENT $2 BLN
The Dubai Electricity and Water Authority (DEWA) and a consortium led by Saudi Arabia’s ACWA Power and the Chinese-government owned Silk Road Fund have completed financing of the 950 MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, it was announced on Sunday.
2019, March, 27, 11:25:00
ENEL NET INCOME +26.7%
Consolidated financial highlights
Revenues: 75,672 million euros (74,639 million euros in 2017, +1.4%)
EBITDA: 16,351 million euros (15,653 million euros in 2017, +4.5%)
Group net income: 4,789 million euros (3,779 million euros in 2017; +26.7%)
2019, March, 27, 11:20:00
ENEL ACQUIRED RENEWABLE $900 MLN
Enel acquired 650 MW of renewable capacity from its U.S. joint venture EGPNA REP
2019, March, 25, 11:15:00
BULGARIA'S GROWTH 3.3%
The Bulgarian economy continues to grow strongly, supported by buoyant domestic demand. Growth exceeded 3 percent in 2018 and is projected to maintain its momentum in 2019.
2019, March, 25, 11:10:00
TANZANIA'S LNG $30 BLN
Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said.
2019, March, 25, 11:05:00
UAE GOVERNMENT'S SURPLUS DH67.5 BLN
The UAE government’s surplus posted Dh67.5 billion in 2018, according to the latest figures released by the Ministry of Finance.
2019, March, 25, 11:00:00
UAE, CHINA TRADE UP 17%
Prospects for two-way trade between the UAE and China remain bright despite a cloud of gloomy global economic sentiment cast by Washington’s trade war with Beijing, according to HSBC UAE CEO Abdul Fattah Sharaf.