News

Note: This section contains information in English only.
Mon, 22 Apr 2019 09:45:56 GMT

Saudis' Al Rajhi Bank to increase mortgage lending

Al Rajhi Bank, the biggest Islamic lender of Saudi Arabia, is set to increase mortgage lending with more affordable housing coming into the market.

Mon, 22 Apr 2019 07:58:27 GMT

Netflix to strengthen marketing operations in NY

Netflix is set to build out the company's marketing operations in New York with the expansion of Manhattan office staffed by production developers, marketers and content executives.

Mon, 22 Apr 2019 07:58:04 GMT

Chinese power use grows 7.5% in March

The Chinese electricity consumption grew 7.5% year-over-year in March, reaching the total power use of 573.2B kWh in the reported month, according to the NEA.

Mon, 22 Apr 2019 07:30:57 GMT

CNPC overseas equity gas, oil production up 10%

Overseas equity of gas and oil output of CNPC grew 10% year-over-year in the first quarter of this year, the Chinese larges gas ang oil producer stated.

Mon, 22 Apr 2019 06:57:15 GMT

OMV Petrom accepts €876.8M investment budget

The shareholders meeting of Romania's oil and gas company OMV Petrom approved €876.8M investment budget, the firm informed.

Mon, 22 Apr 2019 06:57:08 GMT

Walmart to open Sam's Club stores in China

Walmart announced plans to open 40 of the company's high-end Sam's Club stores in China by 2020 as it keeps expanding its retail footprint.

Mon, 22 Apr 2019 06:07:35 GMT

Uzbeks spend more than $100M on foreign vehicles

Uzbekistan imported vehicles worth $106.4M in the first quarter, almost 2.2 times more than in the Q1 of the last year, Uzbek media reported.

Mon, 22 Apr 2019 06:06:08 GMT

Dubai economic growth to accelerate this year

Dubai's economy is anticipated to grow at a stronger pace of 2.1% this year, outpacing the prior year's levels and expanding further 3.8% in 2020.

Mon, 22 Apr 2019 05:05:25 GMT

China's retail sales up $1.4B

China's retail sales rose to $1.45B in the March quarter of 2019. a yearly increase of 8%, suggesting that the country's economic downturn was not impacting consumer spending.

Mon, 22 Apr 2019 04:54:11 GMT

Australian IT spending to increase 3% this year

Australia's IT spending is expected to reach AU$94B, growing 3% year-over-year in the reported period, the report by Gartner revealed.

Mon, 22 Apr 2019 04:24:56 GMT

Avianca Brasil cancels 1.3K flights

Avianca Brasil cancelled more than 1.3K flights, Brazil's media reported, as the bankrupt airline was forced to diminish fleet by more than two-thirds.

Mon, 22 Apr 2019 04:24:46 GMT

Chinese transport investment stable in Q1

China's fixed-asset investment in transport grew 3.3% year-over-year to reach nearly $55.5B in the March quarter, showing a steady growth in the period, official data revealed.

Mon, 22 Apr 2019 02:54:03 GMT

Cuba orders more power generation cuts

The Cuban government ordered the state-run power system to diminish further electricity generation in a sign that the cash crunch exacerbated by the new US sanctions was taking human and economic toll.

Mon, 22 Apr 2019 02:51:12 GMT

MUFG to book $890M, stick to FY estmates

Japan's MUFG is expected to book about $893.34M charge in the fiscal year ended March after the credit card unit stopped new system's development, but is likely keep the full-year profit outlook.

Mon, 22 Apr 2019 02:37:07 GMT

UAE, Saudis to send $3B aid to Sudan

The United Arab Emirates and Saudi Arabia stated that they agreed to send Sudan $3B worth of aid to throw a lifeline to new leaders after protests resulted in the president's ousting.

Mon, 22 Apr 2019 02:32:37 GMT

Toyota sets up research institute in Beijing

Japan's Toyota Motor stated that it established the research institute in Beijing partnering with Tsinghua University to study vehicle technology using green technologies, such as hydrogen power.

Sun, 21 Apr 2019 20:17:49 GMT

PBOC: business confidence improves

Business confidence improved in the first quarter of 2019 after declining for two consecutive quarters, the People's Bank of China reports.

Sun, 21 Apr 2019 20:17:24 GMT

Ukraine-Belarus trade expands

Trade between Belarus and Ukraine increased for a third consecutive year to $5.3B in 2018 from $4.6B in 2017, the Ukrainian State Statistics Service reports.

Sun, 21 Apr 2019 19:22:47 GMT

Egypt to improve ties with Iraq

The Egyptian President Abdel-Fattah al-Sisi and the Iraqi Prime Minister Adel Abdul Mahdi agreed to improve bilateral ties at a meeting in Cairo.

Sun, 21 Apr 2019 19:22:21 GMT

China AI company iFlytek profit rises

China's artificial intelligence company iFlytek reported a net profit rise of 24.71% to $80.8M in 2018, an annual report shows.

Sun, 21 Apr 2019 18:09:59 GMT

German breweries production rises

Output of German breweries increased by 2.2% to 8.7B litres in 2018, an increase of 184M litres, the Federal Statistical Office Destatis reports.

Sun, 21 Apr 2019 18:09:51 GMT

Italy reports growth in Q1

Italy has registered a slight economic growth of 0.1% in the first quarter of 2019, pulling out of recession, the Bank of Italy reports.

Sun, 21 Apr 2019 17:26:41 GMT

Businesses sign 7.6B worth of projects at trade fair in Tianjin

A total of 48 projects with a total value of $7.6B were signed at the China Tianjin International Fair for Investment and Trade in China's Tianjin Municipality.

Sun, 21 Apr 2019 17:25:44 GMT

Tourist arrivals in Morocco increase 7.6%

A total of 1.59M tourists visited Morocco in January and February, a 7.6% increase compared to the same period the prior year, Morocco's Tourism Ministry reports.

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