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).
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.
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 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.
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 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.
A growing fuel glut that has hurt oil companies across Asia has now ensnared the world’s biggest processor.
Ooredoo Group’s transformation into a digital enabler across its global footprint was recently recognised at the 5G World Awards.
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,
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.