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W.Asia

W.Asia
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.
W.Asia
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.
W.Asia
2019, March, 27, 11:50:00
SAUDI'S OIL FOR CHINA UP 28.5%
China's crude oil imports from Saudi Arabia surged 28.5% year on year to 1.56 million b/d in February, surpassing Russia to become the top crude supplier in the month, latest data from the General Administration of Customs showed.
W.Asia
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.
W.Asia
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.
W.Asia
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.
W.Asia
2019, March, 27, 11:25:00
QATAR, UAE NUCLEAR
Qatar called on the International Atomic Energy Agency (IAEA) to intervene in a dispute over a $24 billion nuclear power plant which the United Arab Emirates (UAE) is building.
W.Asia
2019, March, 25, 11:35:00
OPEC SUPPORTS STABILITY
The JMMC reiterated the critical role that the “Declaration of Cooperation” has played in supporting oil market stability since December 2016 and took note of the expressed commitment of all participating countries to ensure that such stability continues on a sustainable basis, as overall conformity reached almost 90% for the month of February 2019, which is up from 83% in the month of January.
W.Asia
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.
W.Asia
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.
W.Asia
2019, March, 25, 10:55:00
ADNOC, OMV AGREEMENT
Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan and Chancellor of Austria Sebastian Kurz attended the signing ceremony of Memorandum of Understanding (MoU) between Abu Dhabi National Oil Company (ADNOC) and OMV and Borealis to explore new opportunities for collaboration in the downstream sector.
W.Asia
2019, March, 22, 10:15:00
SAUDI'S OIL WILL DOWN
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
РОССИЯ ВЫПОЛНИТ 100%
2019, March, 20, 11:30:00
РОССИЯ ВЫПОЛНИТ 100%
Обсудить с компаниями эффективность сделки Минэнерго планирует во втором квартале этого года. И только затем у России появится взвешенное мнение о судьбе сделки, которое, в том числе, будет продиктовано ситуацией на мировом рынке, подчеркнул Александр Новак. По его словам, 100%-ого исполнения сделки Россия планирует достигнуть к концу марта - началу апреля этого года.
HOPE MAKES FUTURE
2019, March, 20, 11:20:00
HOPE MAKES FUTURE
DUBAI: On the launch of the third round of Arab Hope Makers initiative, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said, “Every person has a capacity to give and a talent to invest in serving societies. Water drops make a river and reigniting civilisations starts with giving. Creating hope will spark a new life in our region.”
W.Asia
2019, March, 20, 11:05:00
U.S. OIL WILL UP
IEA - The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets