News

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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.

Sat, 23 Nov 2019 16:59:46 GMT

South Korea and Japan agree to hold summit in December

The Japanese Foreign Ministry announced on Saturday that South Korea and Japan have agreed to hold a formal summit in December, to improve their strain relationship in recent months.

Sat, 23 Nov 2019 15:53:13 GMT

BASF begins construction of $10B petrochemicals project in China

BASF, the German chemical giant, has started construction of $10 billion petrochemicals project in the southern province of China, the company announced on Saturday.

Sat, 23 Nov 2019 14:56:50 GMT

Scholz comments on euro zone bailout fund reform

Olaf Scholz, the German Finance Minister, said on Saturday that the Eurozone bailout fund reform would not involve automatic debt restructuring.

Sat, 23 Nov 2019 13:57:59 GMT

Australia to give Papua New Guinea $300M loan

On Saturday, Australia announced that it would give $300 million loans to Papua New Guinea, as direct budget support for the Pacific nation.

Sat, 23 Nov 2019 13:03:54 GMT

Vodafone, Bharti ask Indian top court to review on payment dues

On Saturday, the Indian top telecom companies, Vodafone Idea and Bharti Airtel have asked India's Supreme Court to review a ruling demanding the firms to pay overdue levies of $13B to the government.

Sat, 23 Nov 2019 12:02:57 GMT

Kyung-wha seeks constructive US involvement

South Korea's Foreign Ministry said on Saturday that its FM Kang Kyung-wha has asked the United States to play a constructive role in resolving issues between Japan and South Korea.

Sat, 23 Nov 2019 11:29:26 GMT

Japan, South Korea to hold summit in December

On Saturday, Japan and South Korea agreed to hold a formal summit next month in order to improve bilateral ties.

Sat, 23 Nov 2019 10:11:09 GMT

BASF begins petrochemical project in China

On Saturday, BASF, the German chemical company, has started realization of its $10B petrochemicals project in the province of Guangdong.

Sat, 23 Nov 2019 09:14:11 GMT

Labour promises to take action on multinationals

The UK opposition Labour Party is expected to hold a rally today against multinational companies cheating the government and workers on taxes and wages.

Sat, 23 Nov 2019 07:02:46 GMT

Deutsche Bank files lawsuit against Madoff feeder funds

Deutsche Bank has filed a lawsuit against Bernard Madoff feeder funds, accusing them of backing out of their 2011 agreement to sell about $1.6B of claims in the liquidation of the swindler's company.

Sat, 23 Nov 2019 06:00:25 GMT

Bitcoin declines to six-month low

Bitcoin cryptocurrency plunged below $7300 on Friday, hitting its lowest level in 6 months, after the People's Bank of China began a crackdown on virtual cryptocurrencies.

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