Saturday , August 17 2019

Recent News

UAE voices support for peaceful transition of power in Sudan

KHARTOUM / WAM The UAE on Saturday expressed its support for Sudan in its quest to create a polit-ical system capable of achieving the development of the state and driving the country towards a prosperous future, affirmed Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State. In a statement ...

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Dewa awards AED1.43b deal for Hatta hydro power station

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), awarded the Strabag Dubai LLC, Strabag AG, Andritz Hydro and Ozkar consortium the construction contract for the AED1.437 billion pumped-storage hydroelectric power station at Hatta. This is part of the Comprehensive Development Plan for Hatta, launched by His Highness Sheikh Mohammed ...

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Drones hit Aramco oil plant, output unaffected

Bloomberg Drones attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia but failed to disrupt production, the kingdom’s Oil Minister Khalid Al-Falih said. Aramco extinguished a small fire at a natural gas liquids plant at Shaybah on Saturday morning, it said in a statement. There were ...

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Stocks slide, bonds flash warning after weak data

Bloomberg American equity-index futures slumped alongside stocks in Europe as weak data from two of the world’s biggest economies overshadowed an apparent de-escalation in the trade war. Treasuries and European bonds rallied, with key parts of both the US and UK yield curves inverting. Contracts on the S&P 500 fell ...

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China stocks cling to tariff-driven gains

Bloomberg Stocks in China and Hong Kong pared earlier advances as relief that the US will delay imposing tariffs on some consumer goods was tempered by weak economic data. The yuan climbed the most since June 20. The Hang Seng Index overcame an afternoon wobble to close 0.1 percent higher, ...

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US stocks rebound, bonds gain on dovish central-bank moves

Bloomberg US equity futures extended a rebound and European stocks rallied as markets continued to recover from a brutal selloff at the start of the week. Caution was on display, however, as bonds gained while currencies were roiled by a series of dovish central-bank moves in Asia. Futures on all ...

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Canadian stocks on worst streak in ‘a year’

Bloomberg Canadian stocks played catch up with a global rout following August 5’s holiday, with the nation’s benchmark falling the most this year before paring losses. The S&P/TSX Composite Index fell 0.8 percent, extending its slump for a sixth straight session — its longest losing streak since September 10. Energy ...

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South Korea is world’s worst major equity market in ’19

Bloomberg South Korean equities overtook those of Malaysia to become the world’s worst major equity market for the year as ongoing trade war with Japan and tensions between the US and China slashed the nation’s earnings outlook. The benchmark Kospi Index has dropped 6.1 percent year-to-date compared with 5.1 percent ...

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