News

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Sun, 23 Feb 2020 05:30:29 GMT

Saudi GDP likely to uptick this year

The economic growth of Saudi Arabia is expected to see an uptick in 2020, supported by the non-oil economy, the Central Bank's Governor stated.

Sun, 23 Feb 2020 04:32:22 GMT

IMF aks Colombia to narrow fiscal adjustment

The International Monetary Fund urged Colombia for more durable fiscal adjustments in order to meet its financial targets, adding that its Central Bank should rise reserves.

Sat, 22 Feb 2020 23:31:29 GMT

Norway, Cyprus to sign MoU over energy cooperation

Norway and Cyprus were ready to ink a memorandum of understanding over exchanging their know-how related to energy issues, the CNA reported.

Sat, 22 Feb 2020 21:03:44 GMT

Airbus reports net loss in 2019

France based European plane producer Airbus announced a net loss of $1.47 in 2019 after paying billions of euros to settle a bribery case related to aircraft sales.

Sat, 22 Feb 2020 20:00:35 GMT

World Bank: India must spend $11B on roads

India needs to spend around $11B yearly to improve road infrastructure, a statement published by the World Bank shows.

Sat, 22 Feb 2020 18:54:49 GMT

Allianz reports increase in operating profit

The German insurance giant Allianz reported a record high operating profit of 11.9B in 2019, an increase of 3% from the prior year, a statement from the company shows.

Sat, 22 Feb 2020 18:00:21 GMT

German tax revenues rise in January

Tax revenues in Germany increased by 7.7% in January, compared to the same period the previous year, the Ministry of Finance reports.

Sat, 22 Feb 2020 17:11:40 GMT

US existing home sales decline

US existing home sales declined 1.3% in January from the previous month, a statement from the National Association of Realtors shows.

Sat, 22 Feb 2020 15:58:53 GMT

Moody's downgrades Lebanon credit rating

Moody's downgraded Lebanon's credit rating to Ca from Caa2 amid concerns over possible debt restructuring, a statement published by the company shows.

Sat, 22 Feb 2020 15:00:13 GMT

Saudi Arabia to invest $110B in development of gas field

Saudi Arabia plans the development of the Al-Jafoura gas field with a total investment of $110B, the Saudi Press Agency reports.

Sat, 22 Feb 2020 13:58:29 GMT

UK manufacturing growth accelerates

Growth of the manufacturing output in the UK reached the highest pace in 10 months, a statement published by the IHS Markit/CIPS shows.

Sat, 22 Feb 2020 13:01:02 GMT

Shanghai airport reports growth in 2019

Shanghai International Airport reported 18.9% net income growth to $716M in 2019 from the prior year amid the growth of the civil aviation sector.

Sat, 22 Feb 2020 12:11:51 GMT

China securities regulator approves new IPOs

The China Securities Regulatory Commission approved IPOs of Hunan Heshun Petroleum, Shandong Dongyue Organosilicon Materials and Shenzhen Bestek Technology.

Sat, 22 Feb 2020 11:36:33 GMT

G20 calls to tax tach companies

The German Finance Minister Olaf Scholz and other G20 leaders called on Saturday to take measures against tax optimization widely used by tech giants like Google and Amazon.

Sat, 22 Feb 2020 10:34:39 GMT

France waits US proposal on digital tax

Bruno Le Maire, the Finance and Economy Minister of France, stated on Saturday that the government is ready to hear the White House proposal on granting American firms "shelter" from new digital tax.

Sat, 22 Feb 2020 08:00:25 GMT

Aramco set to gain unconditional EU antitrust approval

According to people with knowledge of the matter, Saudi Aramco is set to win unconditional European Union clearance for $69B Saudi Basic Industries Corp deal.

Sat, 22 Feb 2020 07:09:52 GMT

Canada's Shopify to join Libra Association

On Friday, Canada's e-commerce firm Shopify Inc announced that it would join Facebook-led Libra digital currency group.

Sat, 22 Feb 2020 06:25:32 GMT

Tesla begins tree cutting in Gruenheide, Germany

Tesla's spokeswoman Kathrin Schira said in a statement on Friday that the company has resumed cutting trees in Germany to build a factory in Gruenheide, the eastern state of Brandenburg.

Sat, 22 Feb 2020 05:06:13 GMT

Trump says US may give American farmers additional money

On Friday, the US President Donald Trump stated that the United States might provide farmers with more aid until trade agreements go into effect.

Sat, 22 Feb 2020 03:41:41 GMT

US stock indexes decline

On Friday, Wall Street's main indexes edged lower after data showed that business in the United States contracted in February for the first time in four years.

Sat, 22 Feb 2020 03:32:46 GMT

US and Taliban announce 7-day "reduction in violence"

Mike Pompeo, the US Secretary of State, announced on Friday that the US officials and the Taliban representatives have reached an agreement that could result in a reduction in violence in Afghanistan.

Fri, 21 Feb 2020 20:57:11 GMT

Trump says US may give American farmers additional money

On Friday, the US President Donald Trump stated that the United States might provide farmers with more aid until trade agreements go into effect.

Fri, 21 Feb 2020 19:57:18 GMT

US stock indexes decline on Friday

On Friday, Wall Street's main indexes edged lower after data showed that business in the United States contracted in February for the first time in four years.

Fri, 21 Feb 2020 18:53:22 GMT

Crude oil prices decline over 2% on Friday

On Friday, crude oil prices fell more than 2%, as investors and traders fretted over the economic damage from the coronavirus outbreak.

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