World

London 12 -8-2019 \ SPA Crude oil prices retreated today amid fears of an economic slowdown and a trade war between China and the United States that led to a reduction in the outlook for growth in global demand for crude. Brent crude was $ 58.40 a barrel, down 13 …

London 12 -8-2019 SPA The British pound made gains during the morning session, compensating for the weekend losses that exceeded a two-year low against the US dollar. The pound traded in London’s financial markets today at 1.2079 against the greenback, compared with 1.2015 on Sunday evening. The pound fell on …

Dubai 28 July 2019 WAM Dubai Airport has joined a new airline with Air India and 79 international airlines as the airport has increased its destinations by setting up a new destination with the arrival of Air Jair’s inaugural flight from Kanoor, India’s southern state of Kerala. The airline launched …

Media IN WASHINGTON  26th July, 2019 WAM The International Monetary Fund said on Friday its executive board adopted an “open, merit-based and transparent” process to select a new leader to replace Christine Lagarde, with the aim of choosing a candidate by Oct. 4. The IMF’s board in a statement made …

Media IN BEIJING, 25th July, 2019 (WAM) The Emirati Entrepreneurs Association and The Chinese Trade Council have agreed to reinforce cooperation with regard to SMEs in the coming period. Discussions were held in this regard between Sanad Al Miqbaly, Chairman of the Emirati Entrepreneurs Association, and officials in the Chinese …

Media IN San Francisco, July 24 (BNA): US top aircraft manufacturer Boeing Company on Wednesday posted a loss of about 3 billion US dollars in earnings for the second quarter of 2019 as a result of the global grounding of 737 MAX airplanes. Boeing said its quarterly revenue nosedived by …

Media IN Dungun, July 25 (BNA) China’s Export-Import Bank is expected to finance 85% of a 44 billion ringgit ($10.7 billion) rail link project in Malaysia that will bolster economic development in rural eastern states, Transport Minister Loke Siew Fook said Thursday. The East Coast Rail Link across peninsular Malaysia …

Media IN Tokyo, July 25, 2019, SPA Japan’s Nikkei 225 index added 0.2% to 21,756.55 while the Kospi lost 0.4% to 2,074.48.  In Hong Kong, the Hang Seng gained 0.3% to 28,594.30. The Shanghai Composite index climbed 0.5%, to 2,937.36. Australia’s S&P ASX 200 advanced 0.6% to 6,818.00. India’s Sensex …

Media IN VIENNA, 25th July, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$64.58 a barrel on Wednesday, 24th July, compared with $63.92 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN JAKARTA, 24th July, 2019 (WAM) Two preliminary agreements between global trade enabler DP World and Indonesia’s leading conglomerate Maspion Group were signed today to create a US$1.2 billion container port and industrial logistics park in East Java. This is the  first joint venture of its kind in the …