Media IN BOGOR, Indonesia, 24th July, 2019 (WAM): The Abu Dhabi National Oil Company (ADNOC) signed a comprehensive strategic framework (CSF) agreement with PT Pertamina, an Indonesian state-owned oil and natural gas corporation, on Wednesday, Reuters reported. Under the agreement, both parties will partner up to develop the oil and …
Read More »Adnoc signs $12bn agreement with China’s Wanhua Chemical
Media IN BEIJING, 23rd July, 2019 (WAM) The Abu Dhabi National Oil Company ADNOC, signed on Tuesday, a $12 billion Partnership Framework Agreement with China’s Wanhua Chemical Group Co, to explore the collaborative development of new opportunities in the downstream sector in the United Arab Emirates, UAE, and China. Both companies …
Read More »Asian stocks rise on Tuesday: AP report
Media IN BEIJING, July 23, 2019, SPA The Shanghai Composite Index rose 0.4% to 2,898.20 and Tokyo’s Nikkei 225 climbed 1% to 21,620.88. Hong Kong’s Hang Seng advanced 0.3% to 28,450.32 and Seoul’s Kospi was 0.4% higher at 2,101.45. India’s Sensex edged up 0.1% to 38,065.10. Sydney’s S&P-ASX 200 gained …
Read More »UAE-China sign 16 MoU at Economic Forum in Beijing
Media IN BEIJING, 22nd July, 2019 (WAM) The UAE-China Economic Forum, which began today in Beijing, with the attendance of over 500 people representing the public and private sectors, witnessed the signing of 16 Memoranda of Understanding, MoU, related to various sectors between the UAE and China. The forum, organised …
Read More »UAE’s Emaar executes $11bln project in Beijing
Media IN BEIJING 22nd-07-2019 Dubai-based global developer Emaar will jointly implement with Beijing Daxing International Airport an AED40.5 billion (US$11 billion) project including the five square kilometre land area of the 50 sq. km airport. Alabbar added that Emaar’s success in implementing the project is also a clear sign of …
Read More »UAE, Pakistan discuss economic, commercial cooperation
MEDIA IN KARACHI, 19th July 2019 (WAM) – The UAE Ambassador to Pakistan Hamad Obaid Al Zaabi, met with Syed Murad Ali Shah, Chief Minister of Sindh, and Imran Ismail, Governor of Sindh, in Karachi on Friday. During the meeting the two parties discussed investment, development and humanitarian projects being …
Read More »OPEC daily basket price announced for Thursday
Media IN VIENNA, 19th July, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$63.10 a barrel on Thursday, compared with US$64.60 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and heavy …
Read More »US STOCKS-Wall Street falls as Netflix adds to earnings jitters
Media IN New york, July 18, 2019, SPA Wall Street’s main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies. Shares of the streaming pioneer tumbled 11.1% to their lowest …
Read More »Japan exports plunge as China-US trade war takes toll
Media IN Tokyo, July 18 (BNA): Japan’s exports declined in June as shipments of goods were hit by trade disputes between China and the US, the Finance Ministry reported Thursday. The data released by the Finance Ministry on Thursday show exports fell by 6.8% in June from a year earlier, …
Read More »Asian stocks fall on Thursday -AP reported.
Media IN BEIJING, July 18, 2019, SPA Index lost 0.7% to 2,908.87 and Tokyo’s Nikkei 225 tumbled 2.14% to 21,010.48. Hong Kong’s Hang Seng retreated 0.6% to 28,414 and Seoul’s Kospi was 0.38% lower at 2,064.94. Indian Senxex lost 0.2% to 39126.40. Sydney’s S&P-ASX 200 shed 0.5% to 6,639.30 and …
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