Press release: MENA M&A transactions US$112 billion in first half of 2019

MENA Investment banking fees US$504.8 million in first half of 2019 MENA equity and equity-related issuance reached US$1.1 billion while debt issuance totalled US$53.1 billion in first half of 2019 July 15, 2019 – Refinitiv...

Pentagon Looks To Break China’s Monopoly On Rare Earth Minerals

By Julianne Geiger The Pentagon is scrambling to find a way to develop the United States’ rare earths mining capability as the trade war with China threatens to disrupt the flow of the critical minerals...

IEA: Huge Oil Glut Coming In 2020

By Nick Cunningham – Oil Price The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in the second...

Oil prices edge lower as China’s GDP growth slows

Florence Tan SINGAPORE (Reuters) - Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer. Brent crude...

Asian shares pull ahead after encouraging Chinese data

Swati Pandey SYDNEY (Reuters) - Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world’s second-biggest economy may be starting to stabilize thanks to ramped-up stimulus...

China’s Economy Slows To 6.2%, Worst Quarterly Expansion In 3 Decades

China GDP: The figures released by the National Bureau of Statistics mark the worst quarterly expansion in almost three decades Agence France-Presse China's growth slowed to its weakest pace in almost three decades in the...

Italy nears rescue plan for Alitalia

Bloomberg-ROME (Bloomberg) — Italy’s government is nearing a rescue package for bankrupt Alitalia that could see U.S. carrier Delta Air Lines Inc. boost its stake in a new company from an initial minority holding,...

Turkey will drill for gas until Greek Cypriots accept plan: minister

Reuters-ISTANBUL - Turkey will continue drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara’s foreign minister said...

Japan and U.S. likely to hold trade talks later this month

JIJI -The Japan  Times WASHINGTON - Vice minister-level officials from Japan and the United States have agreed to make efforts to hold trade negotiations, chiefly on agricultural products and automobiles, later this month in Washington. The...

Total investment in Kazakhstan’s economy in 2018 amounts to $24.3 bln

By New Europe online/KB NUR-SULTAN, Kazakhstan – The total investment in the economy of Kazakhstan in 2018 amounted to $24.3 billion, the president of this Central Asian republic, Kasym-Zhomart Tokayev, told the 32nd plenary meeting...

China’s Growth Slides to Weakest Pace in Almost Three Decades

Bloomberg News China’s economy slowed to the weakest pace since the early 1990s amid the ongoing trade standoff with the U.S., while monthly indicators provided signs that a stabilization is emerging. Gross domestic product rose 6.2.%...

Ryanair to begin operations in Lebanon

To celebrate the launch of its first Lebanese airport, Ryanair also "launched a seat sale with fares from just €17.99, for travel in August, which must be booked by midnight Friday only on the...

Armenia received no official signal about natural gas price rise

YEREVAN, July 13 /ARKA/. A team of representatives of Russian Gazprom will arrive in Armenia in the near future to discuss the natural gas price and the components that affect it, Deputy Prime Minister...

Armenia’s exports to EU countries shrink 24.3% in Jan-May 2019

YEREVAN, July 13. /ARKA/. Armenia’s exports to the European Union countries for Jan-May 2019 totaled $227.7 million showing a 24.3% decline, the National Statistical Committee of Armenia reports. According to the statistical report, the decline...

Trump blasts Bitcoin, Facebook’s Libra, demands they face banking regulations

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and...

Huawei calls on US to lift export restrictions

AP American officials accuse Huawei of facilitating Chinese spying, a charge the company denies Huawei reported earlier last year’s sales rose 19.5 percent over 2017 to $105.2 billion SHENZHEN, China: The chairman of Huawei said...

Barclays to Cut 20% of Jobs in Dubai Wealth Management Business

By Archana Narayanan , Hussein Slim , and Nicolas Parasie Barclays Plc is cutting about 20% of jobs in its wealth management business in Dubai, according to people with knowledge of the matter. The layoffs...

Is Shell’s Latest Blockchain Venture A Gamechanger?

By Irina Slav Shell has furthered its stated commitment to cleaner electricity by investing in a U.S startup that has developed a blockchain-based platform for energy sharing. The startup, LOW3 Energy, said in a press release earlier this week...

Sen. Warren Proposes SEC Crackdown On Oil & Gas

By Nick Cunningham Oil and gas companies could face greater regulatory pressure to disclose their financial risks to climate change in a Democratic administration. Senator Elizabeth Warren (D-MA) reintroduced legislation this week that would require publicly-traded companies to report...

Oil Slips Despite Major Gulf Of Mexico Production Outage

By Julianne Geiger  Oil Production from the United States in the Gulf of Mexico have been slashed in half ahead of what is expected to be a whopper of a storm, named Barry, the US Bureau...