News

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Mon, 25 Nov 2019 05:17:00 GMT

Amazon to open pop-up store

Amazon.com Inc announced on Monday that it would open a pop-up store on Pinduoduo Inc, the Chinese e-commerce platform.

Mon, 25 Nov 2019 04:01:44 GMT

Bloomberg officially enters 2020 presidential race

The former mayor of New York City and media mogul billionaire Michael Bloomberg announced on Sunday that he would run for the US 2020 presidential race.

Mon, 25 Nov 2019 03:02:45 GMT

Al-Kholifey says Saudi Arabia's banking sector is very liquid

On Sunday, the Governor of Saudi Arabia's Central Bank Ahmed al-Kholifey said that the Saudi banking sector has a very high volume of liquidity.

Sun, 24 Nov 2019 21:04:06 GMT

China's FX market turnover reaches $1.92T

According to the State Administration of Foreign Exchange, the turnover of Chinese forex market reached $1.92T in October.

Sun, 24 Nov 2019 20:26:39 GMT

COFCO elects new chairman

On Saturday, Richeng Luan has been appointed as the new chairman of China's agricultural business platform COFCO International.

Sun, 24 Nov 2019 19:10:41 GMT

LVMH ready to acquire Tiffany & Co

According to sources familiar with the matter, the French luxury products producer LVMH is moving closer towards acquisition of the US Tiffany & Co for $16.3B.

Sun, 24 Nov 2019 18:18:42 GMT

France to sell 5G spectrum

Agnes Pannier-Runacher, the Junior Economy Minister of France, stated on Sunday that the government would sell its 5G spectrum for $2.17B.

Sun, 24 Nov 2019 17:12:32 GMT

Javid promises "very detailed costings" of Tory manifesto

On Sunday, Sajid Javid, the British Finance Minister, said that the Conservative Party would deliver a "very detailed costings paper" at the lunch of the Conservative's election manifesto.

Sun, 24 Nov 2019 15:57:57 GMT

Romania holds Presidential election

On Sunday, voters began casting ballots in Romania's Presidential election runoff, as surveys showed that incumbent candidate Klaus Iohannis, is the favorite to beat the former PSD Prime Minister.

Sun, 24 Nov 2019 14:50:47 GMT

Aramco's Nasser met with Kuwait's sovereign wealth fund

Amin Nasser, the Saudi Aramco Chief Executive Officer, met with the representatives of Kuwait's sovereign wealth fund to discuss investment in the IPO.

Sun, 24 Nov 2019 13:56:28 GMT

Guinea Bissau set to vote for new president

Guinea-Bissauans went to the polling stations on Sunday to vote in the country's presidential election after weeks of political turmoil.

Sun, 24 Nov 2019 12:59:20 GMT

Al-Kholifey says Saudi Arabia's banking sector is very liquid

On Sunday, the Governor of Saudi Arabia's Central Bank Ahmed al-Kholifey said that the Saudi banking sector has a very high volume of liquidity.

Sun, 24 Nov 2019 12:02:04 GMT

Hong Kong vote hits record

A record number of Hong Kong citizens voted on Sunday in regional elections, seen as a measure of support for Carrie Lam, who has been besieged by almost six months of anti-government protests.

Sun, 24 Nov 2019 11:24:46 GMT

Saudi Aramco tries to market IPO in OAE

On Sunday, Saudi Aramco's senior management headed to Dubai to try to market its IPO after meeting with representatives of the Kuwait's sovereign wealth fund.

Sun, 24 Nov 2019 10:31:43 GMT

Saudi Aramco's IPO cause no liquidity issues

Ahmed al-Kholifey, the Saudi Arabian Monetary Authority Governor, stated on Sunday that Saudi Aramco's initial public offering (IPO) did not have a negative effect on banks' liquidity.

Sun, 24 Nov 2019 09:35:49 GMT

SNP names conditions for agreement with Labour

Nicola Sturgeon, the First Minister of Scotland, stated on Sunday that his party could support a minority government formed by the opposition Labour Party only within the framework of "less formal arrangement".

Sun, 24 Nov 2019 09:33:11 GMT

China's pork imports double in October

Chinese pork imports in October doubled from a year earlier standing at 1.5M tonnes for the first ten months of 2019, up 49.4% from the same period last year.

Sun, 24 Nov 2019 05:29:56 GMT

Dubai's visitors' number up 4%

The total number of international overnight visitors of Dubai rose 4.3% year-over-year to 12.08M, with more visitor coming from Oman, Saudi Arabia and China.

Sun, 24 Nov 2019 04:51:49 GMT

Chinese crude steel consumption above 900M tonnes

China's crude steel consumption is likely to surpass 930M tonnes by the end of this year, which is 6% higher compared with the prior year.

Sun, 24 Nov 2019 03:51:47 GMT

Spanish exports increase 1.6%

Spain's exports of goods grew 1.6% between January and September this year, amounting to €215.6B, a record-high figure for the period.

Sat, 23 Nov 2019 21:31:54 GMT

Bolsonaro says authorities ready for any social unrest

The President of Brazil Jair Bolsonaro stated on Saturday that police was prepared to tackle any kind of protest, though there was no need for concern.

Sat, 23 Nov 2019 20:29:27 GMT

Novartis to close $7B deal soon

According to the Wall Street Journal, the Swiss drugmaking company Novartis AG is about to finish $7B acquisition of the US biotech firm The Medicines Co.

Sat, 23 Nov 2019 19:22:56 GMT

US urges Canada to reject Huawei's 5G

Robert O'Brien, the US National Security Adviser, urged his Canadian colleagues on Saturday to drop plans of using Huawei's 5G technology, citing information security concerns.

Sat, 23 Nov 2019 18:32:42 GMT

US, China might sign deal in December

The US National Security Adviser Robert O'Brien stated on Saturday that the United States and China still have a chance to sign a phase one trade deal by the end of this year.

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