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Mena energy sector investments may reach $1tn between 2019, 2023: Apicorp

Mena energy sector investments may reach $1tn between 2019, 2023: Apicorp

Investment in the Mena energy sector could reach $1tn between 2019 and 2023, with the power sector accounting for the largest share at 36%, spurred by growing electricity demand and greater momentum for renewable energy in the region, according to Arab Petroleum Investments Corporation (Apicorp).

‘Japanese economic blow could backfire’

‘Japanese economic blow could backfire’

South Korean President Moon Jae-in warned Japan that any effort to block his nation’s economic growth “will not succeed,” in the latest escalation of rhetoric between feuding neighbours.

China GDP growth slows to 27-year low in 2nd quarter

China GDP growth slows to 27-year low in 2nd quarter

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure.

Philippines stocks break into bull run on rate cut optimism

Philippines stocks break into bull run on rate cut optimism

There’s been a revival in the Philippine stock market. After slumping to become one of the world’s biggest losers last year, the nation’s equities surged yesterday, entering a bull market as traders cheered the central bank’s commitment to resume its policy easing in the second half of this year.

Citigroup profit beats estimates on gains in consumer lending

Citigroup profit beats estimates on gains in consumer lending

Citigroup Inc beat analysts’ estimates for quarterly profit yesterday, as a tight lid on costs and strength in consumer lending helped the third-largest US bank counter weakness in its trading business.

Europe markets slightly firmer; British pound hits 6-month low

Europe markets slightly firmer; British pound hits 6-month low

World stock markets were slightly firmer yesterday, mostly posting modest gains after initial doubts on news that China’s economy grew at its weakest pace in nearly three decades as US President Donald Trump’s trade war hit home.

Gilead’s billions buoy Galapagos and Europe’s biotechnology allure

Gilead’s billions buoy Galapagos and Europe’s biotechnology allure

Gilead Sciences Inc’s $5.1bn investment in Galapagos propelled the Belgian biotechnology company’s stock to a record while sending a positive signal to the rest of the sector in Europe, where the industry has lagged the US.

Sinopec seeks to refine less oil than planned in third quarter

Sinopec seeks to refine less oil than planned in third quarter

A growing fuel glut that has hurt oil companies across Asia has now ensnared the world’s biggest processor.

Awards reaffirm Ooredoo Group’s progress as a global digital enabler

Awards reaffirm Ooredoo Group’s progress as a global digital enabler

Ooredoo Group’s transformation into a digital enabler across its global footprint was recently recognised at the 5G World Awards.

Masraf Al Rayan posts half yearly net profit of QR1.07bn

Masraf Al Rayan posts half yearly net profit of QR1.07bn

Masraf Al Rayan has posted a half yearly net profit of QR1.07bn, up 1.15% on H1, 2018. The bank's assets portfolio continued to exhibit a strong performance at both local and regional levels,

Support for SME sector to play key role in creating knowledge-based economy, says Qatar Chamber official

Support for SME sector to play key role in creating knowledge-based economy, says Qatar Chamber official

Qatar’s support for the growth of its bustling small and medium-sized enterprise (SME) sector is seen to play a significant role in the country’s transformation from a hydrocarbon-driven economy to a knowledge-based one, a Qatar Chamber official said.

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