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DP World shipping container volumes plunge in UAE in 1st quarter, flat globally

DP World shipping container volumes plunge in UAE in 1st quarter, flat globally

Ports operator DP World yesterday reported a sharp drop in shipping container volumes in the UAE in the first quarter of 2019 and flat growth globally. DP World operates 78 marine and inland terminals, supported by over 50 related businesses in over 40 countries.

Iraq is on track to deliver 3rd-biggest chunk of new oil to 2030, says IEA

Iraq is on track to deliver 3rd-biggest chunk of new oil to 2030, says IEA

Iraq will be the third-biggest provider of new oil supplies over the next decade, boosting its production by almost 30%, according to the International Energy Agency. The Opec member will raise output to almost 6mn barrels a day by 2030

Pakistan’s imports decline by $3.5bn in 10 months, NA told

Pakistan’s imports decline by $3.5bn in 10 months, NA told

The National Assembly was informed that the imports have witnessed a decline of $3.5bn over the past 10 months. “The government has enhanced regulatory duty on finished products and as a result of which the imports have witnessed reduction of $3.5bn over the past 9-10 months

King Dollar defies doubters as US provides investors ‘oasis’

King Dollar defies doubters as US provides investors ‘oasis’

The dollar is defying predictions it would lose its currency crown in 2019. A gauge of the greenback is headed toward the highest level this year, with most major currencies having lost ground against it.

Stock markets mostly down amid mixed US earnings results

Stock markets mostly down amid mixed US earnings results

Stock markets mostly fell yesterday as investors digested one of the busiest days of the US corporate earnings season, while oil prices edged back after flirting with six-month highs. Across Europe, London’s FTSE 100 fell 0.5% to close at 7,434.13 points; Frankfurt’s DAX 30 was down 0.3%

Asian markets mostly down as outlook hits sentiment

Asian markets mostly down as outlook hits sentiment

Asian markets stuttered yesterday after New York equities retreated from record highs, with weak economic data around the world offsetting a forecast-beating earnings season.

Ghosn freed on bail again after being detained on new charges

Ghosn freed on bail again after being detained on new charges

Carlos Ghosn walked out of a Tokyo detention centre after winning release on bail for second time, giving the deposed auto titan a chance to prepare his defence against charges of funnelling millions of dollars from Nissan Motor Co through an intermediary for his own purposes.

UK regulator blocks $9.4bn takeover of Asda by Sainsbury's

UK regulator blocks $9.4bn takeover of Asda by Sainsbury's

Britain's competition regulator on Thursday blocked Sainsbury's proposed £7.3bn ($9.4bn) takeover of Walmart owned Asda — a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.

Turkey gives banks $3.7bn lending boost to spur growth

Turkey gives banks $3.7bn lending boost to spur growth

Turkey’s sovereign wealth fund bolstered the capital ratios of five state-owned banks by €3.3bn ($3.7bn) in a bid to keep credit flowing in the economy.

Baladna appoints Saba al-Fadala as PR, communications director

Baladna appoints Saba al-Fadala as PR, communications director

Baladna Food Industries has appointed Saba al-Fadala as its public relations and communications director.

Qatar shares edge down on weakened buying interest

Qatar shares edge down on weakened buying interest

The Qatar Stock Exchange on Thursday settled marginally down, mainly on account weakened buying interests of foreign institutions.

Microsoft tops trillion-dollar mark for first time

Microsoft tops trillion-dollar mark for first time

Microsoft hit the trillion-dollar value mark on Thursday for the first time, becoming the third technology giant to reach the symbolic milestone.

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